505 S 7th AveSpringfieldNE68059
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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 Springfield at 505 S 7th Ave, Springfield, NE, 68059 generates $3,080/mo in rent, after a $2,496/mo payment. Total monthly income is $3,080/mo. Return on cash invested sits at 17.46% in year one, and rental yield is 7.25% on a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 90.43% and total cumulative return in cash sums $151,731. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,080/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
9,801 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68059, Springfield, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,432 (100%) |
| Owner Occupied HU | 1,188 (83.0%) |
| Renter Occupied HU | 182 (12.7%) |
| Vacant Housing Units | 62 ( 4.3%) |
| Median Home Value | $438,567 |
| Average Home Value | $475,562 |
Housing Distribution
Address Breakdown
Residential
1,217
Single Family
1,203
Multi-Family
14
Businesses
152
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Listed by: Dani Schram • BHHS Ambassador Real Estate
Mls Name: GPRMLS
Mls Provider:
Mls ID: #22602446
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 2026, Great Plains Regional Multiple Listing Service, Inc.