1903 W 1st StreetNorth PlatteNE69101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in North Platte at 1903 W 1st Street, North Platte, NE, 69101 uses $40,775 cash to close to unlock $1,253/yr annual cash flow and $104/mo monthly cash flow. Total monthly income runs $935/mo, and a $602/mo payment keeps the spread at $104/mo. Purchase price stands at $123,000, and rental yield measures 9.12% with $935/mo rent. Return on cash invested shows 22.98% in year one, and 5% annual appreciation builds toward $33,983 over five years. Five-year ROI reaches 120.17% and total cumulative return in cash records $48,997. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $935/mo property income covering a $602/mo payment rather than investor’s personal income.
Single Family
Built in 1949
6,056 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 69101, North Platte, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,928 (100%) |
| Owner Occupied HU | 7,981 (57.3%) |
| Renter Occupied HU | 4,388 (31.5%) |
| Vacant Housing Units | 1,559 (11.2%) |
| Median Home Value | $201,060 |
| Average Home Value | $239,131 |
Housing Distribution
Address Breakdown
Residential
12,932
Single Family
12,083
Multi-Family
849
Businesses
871
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shirley Kissinger • GATEWAY REALTY
Mls Name: Lincoln County BOR (NE)
Mls ID: #26703