2002 Patriot DrLexingtonNE68850
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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
Rental property for sale in Lexington at 2002 Patriot Dr, Lexington, NE, 68850 generates $3,230/mo in rent, after a $2,349/mo payment. Total monthly income is $3,230/mo. Return on cash invested sits at 19.83% in year one, and rental yield is 8.08% on a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 103.12% and total cumulative return in cash sums $164,081. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,230/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68850, Lexington, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,427 (100%) |
| Owner Occupied HU | 2,598 (58.7%) |
| Renter Occupied HU | 1,535 (34.7%) |
| Vacant Housing Units | 294 ( 6.6%) |
| Median Home Value | $171,404 |
| Average Home Value | $226,489 |
Housing Distribution
Address Breakdown
Residential
4,310
Single Family
4,013
Multi-Family
297
Businesses
430
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Listed by: Pam Trampe • AgTeam Land Brokers, LLC
Mls Name: REALTORS of Greater Mid-Nebraska MLS
Mls ID: #20250181
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.