219 E Short StLeighNE68643
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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 Leigh at 219 E Short St, Leigh, NE, 68643 priced at $179,000 converts $1,418/mo rent into $209/mo cash flow after a $876/mo obligation. Total monthly income equals $1,418/mo, and annual cash flow totals $2,512/yr on $59,339 invested. Return on cash invested prints 24.14% in year one, and rental yield reads 9.51% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 126.34% and total cumulative return in cash sums $74,967. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,418/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68643, Leigh, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 422 (100%) |
| Owner Occupied HU | 293 (69.4%) |
| Renter Occupied HU | 73 (17.3%) |
| Vacant Housing Units | 56 (13.3%) |
| Median Home Value | $202,143 |
| Average Home Value | $259,872 |
Housing Distribution
Address Breakdown
Residential
283
Single Family
274
Multi-Family
9
Businesses
37
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Listed by: Luz Janzen • Re/Max Associates
Mls Name: Norfolk BOR
Mls ID: #250481
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.