508 Mill St NDannebrogNE68831
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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 Dannebrog at 508 Mill St N, Dannebrog, NE, 68831 priced at $155,500 converts $1,304/mo rent into $254/mo cash flow after a $761/mo obligation. Total monthly income equals $1,304/mo, and annual cash flow totals $3,048/yr on $51,548 invested. Return on cash invested prints 25.82% in year one, and rental yield reads 10.06% against a $155,500 entry. Equity gained on principal adds $1,003/yr, while 5% annual appreciation compiles into $42,962 by year five. Five-year ROI reaches 135.4% and total cumulative return in cash sums $69,797. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,304/mo property income covering a $761/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68831, Dannebrog, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 389 (100%) |
| Owner Occupied HU | 294 (75.6%) |
| Renter Occupied HU | 56 (14.4%) |
| Vacant Housing Units | 39 (10.0%) |
| Median Home Value | $223,810 |
| Average Home Value | $264,507 |
Housing Distribution
Address Breakdown
Residential
331
Single Family
331
Multi-Family
0
Businesses
18
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Listed by: Roger Boltz • Woods Bros Realty
Mls Name: Grand Island BOR
Mls Provider:
Mls ID: #20241844
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.