380 Chestnut 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
Investment property for sale in Springfield at 380 Chestnut St, Springfield, NE, 68059 offers a 9.36% rental yield on a $424,950 purchase with $3,313/mo rent. Total monthly income registers $3,313/mo, and a $2,080/mo payment leaves $443/mo available for distribution. Annual cash flow reaches $5,320/yr on $140,871 to close, and return on cash invested stands at 23.69% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,406 over five years. Portfolio math shows five-year ROI at 123.85% and total cumulative return in cash at $174,469. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,313/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
9,583 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: Whitney Lichtenberg • Better Homes and Gardens R.E.
Mls Name: GPRMLS
Mls ID: #22525174