407 Calvert AveElwoodNE68937
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 407 Calvert Ave, Elwood, NE, 68937 in Elwood. Priced at $175,000, it generates $2,332/mo in gross rent and $1,150/mo in net monthly cash flow, a 15.99% yield that comfortably supports the 2.96 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $13,798. Five-year appreciation: $48,349. Equity from principal paydown: $1,612/yr. Total projected cumulative return: $140,817.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 16% | 6.2% |
| Monthly Cash Flow | $1,150 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,332 |
| Total Monthly Debt Service | $1,112 |
| DSCR Ratio | 2.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1936
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68937, Elwood, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,230 (100%) |
| Owner Occupied HU | 637 (51.8%) |
| Renter Occupied HU | 194 (15.8%) |
| Vacant Housing Units | 399 (32.4%) |
| Median Home Value | $289,423 |
| Average Home Value | $322,747 |
Housing Distribution
Address Breakdown
Residential
747
Single Family
747
Multi-Family
0
Businesses
68
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
Single Family
Built in 1936
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68937, Elwood, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,230 (100%) |
| Owner Occupied HU | 637 (51.8%) |
| Renter Occupied HU | 194 (15.8%) |
| Vacant Housing Units | 399 (32.4%) |
| Median Home Value | $289,423 |
| Average Home Value | $322,747 |
Housing Distribution
Address Breakdown
Residential
747
Single Family
747
Multi-Family
0
Businesses
68
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Gydesen • AgTeam Land Brokers, LLC
Mls Name: REALTORS of Greater Mid-Nebraska MLS
Mls ID: #20241067
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.