400 Cedar StElginNE68636
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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 Elgin at 400 Cedar St, Elgin, NE, 68636 with 5% annual appreciation on a $120,000 basis while $956/mo rent supports operations. Total monthly income totals $956/mo and a $587/mo payment preserves $146/mo for cash returns. Annual cash flow comes to $1,752/yr on $39,780 deployed, and return on cash invested reaches 24.31% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,154 alongside rental yield of 9.56%. Five-year ROI measures 127.17% and total cumulative return in cash totals $50,587.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $956/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
8,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68636, Elgin, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 553 (100%) |
| Owner Occupied HU | 340 (61.5%) |
| Renter Occupied HU | 120 (21.7%) |
| Vacant Housing Units | 93 (16.8%) |
| Median Home Value | $119,340 |
| Average Home Value | $201,449 |
Housing Distribution
Address Breakdown
Residential
285
Single Family
285
Multi-Family
0
Businesses
47
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