508 Main StNewcastleNE68757
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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 Newcastle at 508 Main St, Newcastle, NE, 68757 generates $877/mo in rent and, after a $538/mo payment, leaves $135/mo in cash flow. Total monthly income is $877/mo, and annual cash flow is $1,615/yr on $36,465 invested. Return on cash invested sits at 24.34% in year one, and rental yield is 9.57% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 127.35% and total cumulative return in cash sums $46,440. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $877/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68757, Newcastle, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 337 (100%) |
| Owner Occupied HU | 248 (73.6%) |
| Renter Occupied HU | 38 (11.3%) |
| Vacant Housing Units | 51 (15.1%) |
| Median Home Value | $184,868 |
| Average Home Value | $211,038 |
Housing Distribution
Address Breakdown
Residential
158
Single Family
158
Multi-Family
0
Businesses
15
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Listed by: Nick Tramp • United Real Estate Solutions
Mls Name: Northwest Iowa Regional BOR
Mls Provider:
Mls ID: #828733
Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.