360 Main StSpringfieldNE68059
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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 Springfield at 360 Main St, Springfield, NE, 68059 priced at $395,000 converts $2,366/mo rent into after a $1,933/mo obligation. Total monthly income equals $2,366/mo. Return on cash invested prints 17.15% in year one, and rental yield reads 7.19% against a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation compiles into $109,131 by year five. Five-year ROI reaches 88.78% and total cumulative return in cash sums $116,250. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,366/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 1915
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68059, Springfield, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,432 (100%) |
| Owner Occupied HU | 1,188 (83.0%) |
| Renter Occupied HU | 182 (12.7%) |
| Vacant Housing Units | 62 ( 4.3%) |
| Median Home Value | $438,567 |
| Average Home Value | $475,562 |
Housing Distribution
Address Breakdown
Residential
1,217
Single Family
1,203
Multi-Family
14
Businesses
152
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Listed by: Brandon Johnson • Nebraska Realty
Mls Name: GPRMLS
Mls ID: #22525297