506 3rd AveHumphreyNE68642
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
Investment Highlights
Rental property for sale in Humphrey at 506 3rd Ave, Humphrey, NE, 68642 offers $1,981/mo rent that, after a $1,317/mo payment, leaves $164/mo cash flow. Total monthly income is $1,981/mo, and annual cash flow is $1,969/yr on $89,174 cash. Return on cash invested measures 22.12% in year one, and rental yield stands at 8.84% at a $269,000 entry. Equity gained on principal adds $1,736/yr while 5% annual appreciation compounds into $74,320 by year five. Five-year ROI records 115.46% and total cumulative return in cash reaches $102,959. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,981/mo property income versus a $1,317/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1927
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68642, Humphrey, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 719 (100%) |
| Owner Occupied HU | 567 (78.9%) |
| Renter Occupied HU | 116 (16.1%) |
| Vacant Housing Units | 36 ( 5.0%) |
| Median Home Value | $351,835 |
| Average Home Value | $413,086 |
Housing Distribution
Address Breakdown
Residential
394
Single Family
394
Multi-Family
0
Businesses
77
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Listed by: Jamie Sunderman • Elite Realty
Mls Name: Norfolk BOR
Mls ID: #240686
Disclaimer: 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.