402 2nd AveAxtellNE68924
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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 Axtell at 402 2nd Ave, Axtell, NE, 68924 offers a 13.59% rental yield on a $220,000 purchase with $2,491/mo rent. Total monthly income registers $2,491/mo, and a $1,077/mo payment leaves $1,005/mo available for distribution. Annual cash flow reaches $12,062/yr on $72,930 to close, and return on cash invested stands at 36.45% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 192.31% and total cumulative return in cash at $140,255. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,491/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1916
10,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68924, Axtell, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 540 (100%) |
| Owner Occupied HU | 387 (71.7%) |
| Renter Occupied HU | 102 (18.9%) |
| Vacant Housing Units | 51 ( 9.4%) |
| Median Home Value | $231,504 |
| Average Home Value | $297,907 |
Housing Distribution
Address Breakdown
Residential
425
Single Family
425
Multi-Family
0
Businesses
40
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