401 S Chicago AveHastingsNE68901
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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 Hastings at 401 S Chicago Ave, Hastings, NE, 68901 priced at $127,500 converts $1,634/mo rent into $773/mo cash flow after a $624/mo obligation. Total monthly income equals $1,634/mo, and annual cash flow totals $9,277/yr on $42,266 invested. Return on cash invested prints 41.86% in year one, and rental yield reads 15.38% against a $127,500 entry. Equity gained on principal adds $823/yr, while 5% annual appreciation compiles into $35,226 by year five. Five-year ROI reaches 221.39% and total cumulative return in cash sums $93,574. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,634/mo property income covering a $624/mo payment, not borrower’s personal income.
Single Family
Built in 1904
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68901, Hastings, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,041 (100%) |
| Owner Occupied HU | 6,893 (57.2%) |
| Renter Occupied HU | 4,006 (33.3%) |
| Vacant Housing Units | 1,142 ( 9.5%) |
| Median Home Value | $198,659 |
| Average Home Value | $243,707 |
Housing Distribution
Address Breakdown
Residential
11,415
Single Family
10,825
Multi-Family
590
Businesses
1,073
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Listed by: Kathy Tessman • Real Estate Group of Hastings, Inc.
Mls Name: REALTORS of Greater Mid-Nebraska MLS
Mls ID: #20240768
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