503 N Logan StSpencerNE68777
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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 Spencer at 503 N Logan St, Spencer, NE, 68777 priced at $187,500 pairs $1,484/mo rent with $218/mo cash flow after a $918/mo payment. Total monthly income equals $1,484/mo, and annual cash flow comes to $2,611/yr on $62,156 invested. Return on cash invested is 24.11% in year one, and rental yield stands at 9.5% on a $187,500 basis. Equity gained on principal adds $1,210/yr, and 5% annual appreciation accumulates to $51,803 by year five. Five-year ROI measures 126.14% and total cumulative return in cash reaches $78,403. For financing, Ziffy Mortgage’s DSCR program evaluates $1,484/mo property income against a $918/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68777, Spencer, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 380 (100%) |
| Owner Occupied HU | 250 (65.8%) |
| Renter Occupied HU | 48 (12.6%) |
| Vacant Housing Units | 82 (21.6%) |
| Median Home Value | $150,833 |
| Average Home Value | $282,200 |
Housing Distribution
Address Breakdown
Residential
197
Single Family
197
Multi-Family
0
Businesses
56
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