311 Winter StWakefieldNE68784
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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 Wakefield at 311 Winter St, Wakefield, NE, 68784 priced at $170,000 converts $1,553/mo rent into $405/mo cash flow after a $832/mo obligation. Total monthly income equals $1,553/mo, and annual cash flow totals $4,861/yr on $56,355 invested. Return on cash invested prints 28.53% in year one, and rental yield reads 10.96% against a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 149.92% and total cumulative return in cash sums $84,489. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,553/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1920
7,500 sqft 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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Listed by: Eric Riewer • P J Morgan Real Estate
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #829008
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.