3911 Spruce StLincolnNE68516
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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 Lincoln at 3911 Spruce St, Lincoln, NE, 68516 generates $2,312/mo in rent and, after a $1,517/mo payment, leaves $219/mo in cash flow. Total monthly income is $2,312/mo, and annual cash flow is $2,627/yr on $102,765 invested. Return on cash invested sits at 22.47% in year one, and rental yield is 8.95% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 117.28% and total cumulative return in cash sums $120,523. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,312/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68516, Lincoln, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,524 (100%) |
| Owner Occupied HU | 14,168 (65.8%) |
| Renter Occupied HU | 6,319 (29.4%) |
| Vacant Housing Units | 1,037 ( 4.8%) |
| Median Home Value | $339,902 |
| Average Home Value | $373,084 |
Housing Distribution
Address Breakdown
Residential
20,599
Single Family
19,076
Multi-Family
1,523
Businesses
1,059
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