407 E Stebbins StCallawayNE68825
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 407 E Stebbins St, Callaway, NE, 68825 in Callaway at $198,000 earns $1,522/mo in rent and nets $185/mo after the $890/mo payment, a 9.22% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $54,704 over five years. Ziffy Mortgage underwrites this on a 1.71 DSCR without U.S. credit history. With $1,824/yr in principal paydown, total projected return reaches $87,530.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.2% |
| Monthly Cash Flow | $185 | $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 | $1,522 |
| Total Monthly Debt Service | $1,258 |
| DSCR Ratio | 1.21x |
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 1950
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68825, Callaway, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 519 (100%) |
| Owner Occupied HU | 314 (60.5%) |
| Renter Occupied HU | 110 (21.2%) |
| Vacant Housing Units | 95 (18.3%) |
| Median Home Value | $198,214 |
| Average Home Value | $293,097 |
Housing Distribution
Address Breakdown
Residential
309
Single Family
309
Multi-Family
0
Businesses
44
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 1950
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68825, Callaway, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 519 (100%) |
| Owner Occupied HU | 314 (60.5%) |
| Renter Occupied HU | 110 (21.2%) |
| Vacant Housing Units | 95 (18.3%) |
| Median Home Value | $198,214 |
| Average Home Value | $293,097 |
Housing Distribution
Address Breakdown
Residential
309
Single Family
309
Multi-Family
0
Businesses
44
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices