308 N 3rd AveHastingsNE68901
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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 Hastings at 308 N 3rd Ave, Hastings, NE, 68901 priced at $265,000 pairs $2,178/mo rent with $389/mo cash flow after a $1,297/mo payment. Total monthly income equals $2,178/mo, and annual cash flow comes to $4,662/yr on $87,848 invested. Return on cash invested is 25.22% in year one, and rental yield stands at 9.86% on a $265,000 basis. Equity gained on principal adds $1,710/yr, and 5% annual appreciation accumulates to $73,215 by year five. Five-year ROI measures 132.06% and total cumulative return in cash reaches $116,007. For financing, Ziffy Mortgage’s DSCR program evaluates $2,178/mo property income against a $1,297/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
7,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68901, Hastings, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,041 (100%) |
| Owner Occupied HU | 6,893 (57.2%) |
| Renter Occupied HU | 4,006 (33.3%) |
| Vacant Housing Units | 1,142 ( 9.5%) |
| Median Home Value | $198,659 |
| Average Home Value | $243,707 |
Housing Distribution
Address Breakdown
Residential
11,415
Single Family
10,825
Multi-Family
590
Businesses
1,073
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Listed by: Becky Hermann • Nebraska Realty Hastings
Mls Name: REALTORS of Greater Mid-Nebraska MLS
Mls ID: #20250342
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.