405 Elm StElginNE68636
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 Elgin at 405 Elm St, Elgin, NE, 68636 offers $1,106/mo rent that, after a $759/mo payment, leaves $59/mo cash flow. Total monthly income is $1,106/mo, and annual cash flow is $708/yr on $51,383 cash. Return on cash invested measures 21.29% in year one, and rental yield stands at 8.56% at a $155,000 entry. Equity gained on principal adds $1,000/yr while 5% annual appreciation compounds into $42,824 by year five. Five-year ROI records 110.96% and total cumulative return in cash reaches $57,016. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,106/mo property income versus a $759/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
7,100 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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