38 E Shore Dr #1Johnson LakeNE68937
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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
Total monthly income runs $1,360/mo, and a $2,814/mo payment. Purchase price stands at $575,000, and rental yield measures 2.84% with $1,360/mo rent. Return on cash invested shows 4.06% in year one, and 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 18.57% and total cumulative return in cash records $35,135. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,360/mo property income covering a $2,814/mo payment rather than investor’s personal income.
Single Family
Built in 1957
7,350 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68937, Elwood, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,230 (100%) |
| Owner Occupied HU | 637 (51.8%) |
| Renter Occupied HU | 194 (15.8%) |
| Vacant Housing Units | 399 (32.4%) |
| Median Home Value | $289,423 |
| Average Home Value | $322,747 |
Housing Distribution
Address Breakdown
Residential
747
Single Family
747
Multi-Family
0
Businesses
68
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Listed by: Jacey Edson • BHA Real Estate
Mls Name: REALTORS of Greater Mid-Nebraska MLS
Mls ID: #20250874