209 Michael AveNorth PlatteNE69101
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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 North Platte at 209 Michael Ave, North Platte, NE, 69101 offers a 9.43% rental yield on a $225,000 purchase with $1,769/mo rent. Total monthly income registers $1,769/mo, and a $1,101/mo payment leaves $250/mo available for distribution. Annual cash flow reaches $2,999/yr on $74,588 to close, and return on cash invested stands at 23.93% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 125.13% and total cumulative return in cash at $93,333. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,769/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
10,360 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
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Listed by: Leslie Young-Fries • GATEWAY REALTY
Mls Name: Lincoln County BOR (NE)
Mls ID: #25826