214 S Elder AvenueNorth 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 214 S Elder Avenue, North Platte, NE, 69101 with 5% annual appreciation on a $224,000 basis while $2,140/mo rent supports operations. Total monthly income totals $2,140/mo and a $1,096/mo payment preserves $628/mo for cash returns. Annual cash flow comes to $7,533/yr on $74,256 deployed, and return on cash invested reaches 30.05% in year one. Equity gained on principal adds $1,445/yr, and five-year appreciation sums $61,887 alongside rental yield of 11.46%. Five-year ROI measures 157.99% and total cumulative return in cash totals $117,319.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,140/mo property income versus a $1,096/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1971
8,896 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: Team Perlinger & Jett • GREAT PLAINS REALTY
Mls Name: Lincoln County BOR (NE)
Mls ID: #24762