203 S 1st StPlainviewNE68769
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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 Plainview at 203 S 1st St, Plainview, NE, 68769 priced at $119,900 converts $929/mo rent into $119/mo cash flow after a $587/mo obligation. Total monthly income equals $929/mo, and annual cash flow totals $1,430/yr on $39,747 invested. Return on cash invested prints 23.51% in year one, and rental yield reads 9.3% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 123% and total cumulative return in cash sums $48,888. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $929/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1900
8,520 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68769, Plainview, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 811 (100%) |
| Owner Occupied HU | 544 (67.1%) |
| Renter Occupied HU | 163 (20.1%) |
| Vacant Housing Units | 104 (12.8%) |
| Median Home Value | $129,487 |
| Average Home Value | $212,835 |
Housing Distribution
Address Breakdown
Residential
471
Single Family
471
Multi-Family
0
Businesses
84
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Listed by: Erica Frahm • Premier Team Real Estate
Mls Name: Norfolk BOR
Mls ID: #250208
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.