215 N Union StPoncaNE68770
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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 Ponca at 215 N Union St, Ponca, NE, 68770 priced at $105,000 converts $1,630/mo rent into $921/mo cash flow after a $514/mo obligation. Total monthly income equals $1,630/mo, and annual cash flow totals $11,051/yr on $34,808 invested. Return on cash invested prints 51.66% in year one, and rental yield reads 18.63% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 273.81% and total cumulative return in cash sums $95,306. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,630/mo property income covering a $514/mo payment, not borrower’s personal income.
Single Family
Built in 1890
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68770, Ponca, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 698 (100%) |
| Owner Occupied HU | 492 (70.5%) |
| Renter Occupied HU | 113 (16.2%) |
| Vacant Housing Units | 93 (13.3%) |
| Median Home Value | $216,176 |
| Average Home Value | $246,662 |
Housing Distribution
Address Breakdown
Residential
257
Single Family
257
Multi-Family
0
Businesses
59
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Listed by: Nick Tramp • United Real Estate Solutions
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828907
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.