508 W 5th StMindenNE68959
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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
Investment property for sale in Minden at 508 W 5th St, Minden, NE, 68959 offers a 10.81% rental yield on a $216,000 purchase with $1,945/mo rent. Total monthly income registers $1,945/mo, and a $1,057/mo payment leaves $487/mo available for distribution. Annual cash flow reaches $5,839/yr on $71,604 to close, and return on cash invested stands at 28.06% in year one. Equity gained on principal adds $1,394/yr while 5% annual appreciation supports $59,677 over five years. Portfolio math shows five-year ROI at 147.33% and total cumulative return in cash at $105,495. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,945/mo property income against a $1,057/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1901
8,844 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68959, Minden, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,757 (100%) |
| Owner Occupied HU | 1,206 (68.6%) |
| Renter Occupied HU | 432 (24.6%) |
| Vacant Housing Units | 119 ( 6.8%) |
| Median Home Value | $223,953 |
| Average Home Value | $261,600 |
Housing Distribution
Address Breakdown
Residential
1,652
Single Family
1,626
Multi-Family
26
Businesses
182
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