503 W 6th StNorth PlatteNE69101
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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 North Platte at 503 W 6th St, North Platte, NE, 69101 generates $1,928/mo in rent and, after a $587/mo payment, leaves $1,106/mo in cash flow. Total monthly income is $1,928/mo, and annual cash flow is $13,267/yr on $39,780 invested. Return on cash invested sits at 53.26% in year one, and rental yield is 19.28% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 282.58% and total cumulative return in cash sums $112,411. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,928/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 69101, North Platte, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,928 (100%) |
| Owner Occupied HU | 7,981 (57.3%) |
| Renter Occupied HU | 4,388 (31.5%) |
| Vacant Housing Units | 1,559 (11.2%) |
| Median Home Value | $201,060 |
| Average Home Value | $239,131 |
Housing Distribution
Address Breakdown
Residential
12,932
Single Family
12,083
Multi-Family
849
Businesses
871
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Listed by: Cyndi Banzhaf • Platinum Realty LLC
Mls Name: Lincoln County BOR (NE)
Mls ID: #26521