407 E 3rd StLouisvilleNE68037
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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 Louisville at 407 E 3rd St, Louisville, NE, 68037 offers $1,997/mo rent that, after a $1,556/mo payment. Total monthly income is $1,997/mo. Return on cash invested measures 18.2% in year one, and rental yield stands at 7.54% at a $318,000 entry. Equity gained on principal adds $2,052/yr while 5% annual appreciation compounds into $87,858 by year five. Five-year ROI records 94.47% and total cumulative return in cash reaches $99,587. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,997/mo property income versus a $1,556/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68037, Louisville, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,076 (100%) |
| Owner Occupied HU | 875 (81.3%) |
| Renter Occupied HU | 135 (12.5%) |
| Vacant Housing Units | 66 ( 6.1%) |
| Median Home Value | $316,042 |
| Average Home Value | $334,674 |
Housing Distribution
Address Breakdown
Residential
907
Single Family
886
Multi-Family
21
Businesses
74
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Listed by: Caitlin Meadows • Better Homes and Gardens R.E.
Mls Name: GPRMLS
Mls Provider:
Mls ID: #22508567
Disclaimer: Listing information is provided by Participants of the Great Plains Regional Multiple Listing Service Inc. 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. Copyright 2025, Great Plains Regional Multiple Listing Service, Inc.