507 Illinois AveHarrisburgNE69345
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 Harrisburg at 507 Illinois Ave, Harrisburg, NE, 69345 priced at $115,000 converts $1,036/mo rent into $259/mo cash flow after a $563/mo obligation. Total monthly income equals $1,036/mo, and annual cash flow totals $3,111/yr on $38,123 invested. Return on cash invested prints 28.07% in year one, and rental yield reads 10.81% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 147.46% and total cumulative return in cash sums $56,217. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,036/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 2011
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 69345, Harrisburg, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 327 (100%) |
| Owner Occupied HU | 198 (60.6%) |
| Renter Occupied HU | 68 (20.8%) |
| Vacant Housing Units | 61 (18.7%) |
| Median Home Value | $253,125 |
| Average Home Value | $348,510 |
Housing Distribution
Address Breakdown
Residential
158
Single Family
158
Multi-Family
0
Businesses
12
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy Newman • CHAMPION REALTY LLC
Mls Name: SBCMLS
Mls ID: #26910