402 S ElmNorth PlatteNE69101
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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 North Platte at 402 S Elm, North Platte, NE, 69101 priced at $179,000 pairs $1,607/mo rent with $398/mo cash flow after a $876/mo payment. Total monthly income equals $1,607/mo, and annual cash flow comes to $4,780/yr on $59,339 invested. Return on cash invested is 27.97% in year one, and rental yield stands at 10.77% on a $179,000 basis. Equity gained on principal adds $1,155/yr, and 5% annual appreciation accumulates to $49,454 by year five. Five-year ROI measures 146.82% and total cumulative return in cash reaches $87,123. For financing, Ziffy Mortgage’s DSCR program evaluates $1,607/mo property income against a $876/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1905
7,875 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 69101, North Platte, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,928 (100%) |
| Owner Occupied HU | 7,981 (57.3%) |
| Renter Occupied HU | 4,388 (31.5%) |
| Vacant Housing Units | 1,559 (11.2%) |
| Median Home Value | $201,060 |
| Average Home Value | $239,131 |
Housing Distribution
Address Breakdown
Residential
12,932
Single Family
12,083
Multi-Family
849
Businesses
871
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Listed by: Team Perlinger & Jett • THE 1867 COLLECTIVE
Mls Name: Lincoln County BOR (NE)
Mls ID: #26283