2309 Alpha stNorth 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
Rental property for sale in North Platte at 2309 Alpha st, North Platte, NE, 69101 priced at $162,000 pairs $1,368/mo rent with $274/mo cash flow after a $793/mo payment. Total monthly income equals $1,368/mo, and annual cash flow comes to $3,287/yr on $53,703 invested. Return on cash invested is 26.03% in year one, and rental yield stands at 10.13% on a $162,000 basis. Equity gained on principal adds $1,045/yr, and 5% annual appreciation accumulates to $44,758 by year five. Five-year ROI measures 136.4% and total cumulative return in cash reaches $73,253. For financing, Ziffy Mortgage’s DSCR program evaluates $1,368/mo property income against a $793/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
7,405 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: Marla D Cadena • COLDWELL BANKER PREFERRED GROUP
Mls Name: Lincoln County BOR (NE)
Mls ID: #26270