308 Michener StWakefieldNE68784
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wakefield at 308 Michener St, Wakefield, NE, 68784 offers $1,480/mo rent that, after a $954/mo payment, leaves $164/mo cash flow. Total monthly income is $1,480/mo, and annual cash flow is $1,964/yr on $64,643 cash. Return on cash invested measures 22.95% in year one, and rental yield stands at 9.11% at a $195,000 entry. Equity gained on principal adds $1,258/yr while 5% annual appreciation compounds into $53,875 by year five. Five-year ROI records 119.88% and total cumulative return in cash reaches $77,494. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,480/mo property income versus a $954/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68784, Wakefield, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 808 (100%) |
| Owner Occupied HU | 503 (62.3%) |
| Renter Occupied HU | 219 (27.1%) |
| Vacant Housing Units | 86 (10.6%) |
| Median Home Value | $134,500 |
| Average Home Value | $206,844 |
Housing Distribution
Address Breakdown
Residential
442
Single Family
384
Multi-Family
58
Businesses
62
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