204 S 2nd StElmwoodNE68349
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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 Elmwood at 204 S 2nd St, Elmwood, NE, 68349 priced at $475,000 pairs $3,172/mo rent with after a $2,325/mo payment. Total monthly income equals $3,172/mo. Return on cash invested is 19.64% in year one, and rental yield stands at 8.01% on a $475,000 basis. Equity gained on principal adds $3,065/yr, and 5% annual appreciation accumulates to $131,234 by year five. Five-year ROI measures 102.14% and total cumulative return in cash reaches $160,831. For financing, Ziffy Mortgage’s DSCR program evaluates $3,172/mo property income against a $2,325/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1916
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68349, Elmwood, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 493 (100%) |
| Owner Occupied HU | 386 (78.3%) |
| Renter Occupied HU | 66 (13.4%) |
| Vacant Housing Units | 41 ( 8.3%) |
| Median Home Value | $262,903 |
| Average Home Value | $314,346 |
Housing Distribution
Address Breakdown
Residential
334
Single Family
334
Multi-Family
0
Businesses
31
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