404 Beech 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
Rental property for sale in Elgin at 404 Beech St, Elgin, NE, 68636 priced at $110,000 converts $873/mo rent into $131/mo cash flow after a $538/mo obligation. Total monthly income equals $873/mo, and annual cash flow totals $1,567/yr on $36,465 invested. Return on cash invested prints 24.21% in year one, and rental yield reads 9.52% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 126.7% and total cumulative return in cash sums $46,200. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $873/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1925
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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