240 W Irving StLincolnNE68521
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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 Lincoln at 240 W Irving St, Lincoln, NE, 68521 offers $2,040/mo rent that, after a $1,312/mo payment, leaves $230/mo cash flow. Total monthly income is $2,040/mo, and annual cash flow is $2,760/yr on $88,842 cash. Return on cash invested measures 23.02% in year one, and rental yield stands at 9.13% at a $268,000 entry. Equity gained on principal adds $1,729/yr while 5% annual appreciation compounds into $74,043 by year five. Five-year ROI records 120.22% and total cumulative return in cash reaches $106,809. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,040/mo property income versus a $1,312/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2000
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68521, Lincoln, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,510 (100%) |
| Owner Occupied HU | 8,552 (55.1%) |
| Renter Occupied HU | 6,142 (39.6%) |
| Vacant Housing Units | 816 ( 5.3%) |
| Median Home Value | $258,817 |
| Average Home Value | $291,616 |
Housing Distribution
Address Breakdown
Residential
15,244
Single Family
12,204
Multi-Family
3,040
Businesses
662
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