224 N Cornell StGordonNE69343
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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 Gordon at 224 N Cornell St, Gordon, NE, 69343 priced at $110,000 converts $852/mo rent into $110/mo cash flow after a $538/mo obligation. Total monthly income equals $852/mo, and annual cash flow totals $1,315/yr on $36,465 invested. Return on cash invested prints 23.52% in year one, and rental yield reads 9.29% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 123.01% and total cumulative return in cash sums $44,856. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $852/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1925
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 69343, Gordon, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,120 (100%) |
| Owner Occupied HU | 638 (57.0%) |
| Renter Occupied HU | 262 (23.4%) |
| Vacant Housing Units | 220 (19.6%) |
| Median Home Value | $112,917 |
| Average Home Value | $240,533 |
Housing Distribution
Address Breakdown
Residential
1,007
Single Family
982
Multi-Family
25
Businesses
133
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