2405 Lake AveGothenburgNE69138
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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
Investment property for sale in Gothenburg at 2405 Lake Ave, Gothenburg, NE, 69138 listed at $339,900 pairs $2,639/mo rent with a $1,664/mo payment to leave $343/mo cash flow. Total monthly income runs $2,639/mo, and annual cash flow reaches $4,120/yr on $112,677 cash to close. Return on cash invested measures 23.57% in year one, and rental yield registers 9.32% at a $339,900 basis. Equity gained on principal adds $2,193/yr, and annual property appreciation at 5% supports $93,908 by year five. Five-year ROI tracks 123.21% and total cumulative return in cash totals $138,827. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,639/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
8,014 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 69138, Gothenburg, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,001 (100%) |
| Owner Occupied HU | 1,278 (63.9%) |
| Renter Occupied HU | 495 (24.7%) |
| Vacant Housing Units | 228 (11.4%) |
| Median Home Value | $225,862 |
| Average Home Value | $259,689 |
Housing Distribution
Address Breakdown
Residential
1,921
Single Family
1,789
Multi-Family
132
Businesses
216
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Listed by: Stephanie Walker • Gothenburg Realty Cottonwood Realty
Mls Name: REALTORS of Greater Mid-Nebraska MLS
Mls ID: #20251639