1940 Norman AveCreteNE68333
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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 Crete at 1940 Norman Ave, Crete, NE, 68333 earns $226/mo cash flow from $1,570/mo rent with a $974/mo payment. Total monthly income totals $1,570/mo, and annual cash flow totals $2,714/yr on $65,969 capital. ROI tracks 24.02% on current figures, and rental yield reads 9.47% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 125.72% and total cumulative return in cash sums $82,938. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,570/mo property income instead of your personal income.
Single Family
Built in 1973
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68333, Crete, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,155 (100%) |
| Owner Occupied HU | 1,863 (59.0%) |
| Renter Occupied HU | 1,007 (31.9%) |
| Vacant Housing Units | 285 ( 9.0%) |
| Median Home Value | $227,808 |
| Average Home Value | $234,269 |
Housing Distribution
Address Breakdown
Residential
3,038
Single Family
2,845
Multi-Family
193
Businesses
258
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