301 Oak StElginNE68636
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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 Elgin at 301 Oak St, Elgin, NE, 68636 generates $1,480/mo in rent and, after a $805/mo payment, leaves $369/mo in cash flow. Total monthly income is $1,480/mo, and annual cash flow is $4,432/yr on $54,532 invested. Return on cash invested sits at 28.04% in year one, and rental yield is 10.8% on a $164,500 entry. Equity gained on principal adds $1,061/yr, while 5% annual appreciation builds toward $45,448 over five years. Five-year ROI reaches 147.21% and total cumulative return in cash sums $80,278. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,480/mo property income rather than buyer’s personal income.
Single Family
Built in 1915
8,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68636, Elgin, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 553 (100%) |
| Owner Occupied HU | 340 (61.5%) |
| Renter Occupied HU | 120 (21.7%) |
| Vacant Housing Units | 93 (16.8%) |
| Median Home Value | $119,340 |
| Average Home Value | $201,449 |
Housing Distribution
Address Breakdown
Residential
285
Single Family
285
Multi-Family
0
Businesses
47
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