424 S Ridge DrSouth Sioux CityNE68776
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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 South Sioux City at 424 S Ridge Dr, South Sioux City, NE, 68776 offers $2,879/mo rent that, after a $1,713/mo payment, leaves $516/mo cash flow. Total monthly income is $2,879/mo, and annual cash flow is $6,188/yr on $116,008 cash. Return on cash invested measures 25.24% in year one, and rental yield stands at 9.87% at a $349,950 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,685 by year five. Five-year ROI records 132.2% and total cumulative return in cash reaches $153,358. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,879/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68776, South Sioux City, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,938 (100%) |
| Owner Occupied HU | 3,204 (54.0%) |
| Renter Occupied HU | 2,449 (41.2%) |
| Vacant Housing Units | 285 ( 4.8%) |
| Median Home Value | $172,668 |
| Average Home Value | $185,594 |
Housing Distribution
Address Breakdown
Residential
5,966
Single Family
4,925
Multi-Family
1,041
Businesses
583
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Listed by: Norma Karnes • LPT Realty, LLC
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828414
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.