401 Cherry StLouisvilleNE68037
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Louisville at 401 Cherry St, Louisville, NE, 68037 offers $1,928/mo rent that, after a $1,366/mo payment, leaves $44/mo cash flow. Total monthly income is $1,928/mo, and annual cash flow is $522/yr on $92,489 cash. Return on cash invested measures 20.47% in year one, and rental yield stands at 8.29% at a $279,000 entry. Equity gained on principal adds $1,800/yr while 5% annual appreciation compounds into $77,083 by year five. Five-year ROI records 106.62% and total cumulative return in cash reaches $98,611. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,928/mo property income versus a $1,366/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68037, Louisville, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,076 (100%) |
| Owner Occupied HU | 875 (81.3%) |
| Renter Occupied HU | 135 (12.5%) |
| Vacant Housing Units | 66 ( 6.1%) |
| Median Home Value | $316,042 |
| Average Home Value | $334,674 |
Housing Distribution
Address Breakdown
Residential
907
Single Family
886
Multi-Family
21
Businesses
74
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Listed by: Zane Gansemer • Easter & Associates, Inc.
Mls Name: Nebraska Realtors Outstate
Mls ID: #35895