509 E 13th StLexingtonNE68850
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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
Investment property for sale in Lexington at 509 E 13th St, Lexington, NE, 68850 offers a 8.13% rental yield on a $200,000 purchase with $1,355/mo rent. Total monthly income registers $1,355/mo, and a $979/mo payment leaves $4/mo available for distribution. Annual cash flow reaches $52/yr on $66,300 to close, and return on cash invested stands at 19.99% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 104.05% and total cumulative return in cash at $68,984. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,355/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68850, Lexington, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,427 (100%) |
| Owner Occupied HU | 2,598 (58.7%) |
| Renter Occupied HU | 1,535 (34.7%) |
| Vacant Housing Units | 294 ( 6.6%) |
| Median Home Value | $171,404 |
| Average Home Value | $226,489 |
Housing Distribution
Address Breakdown
Residential
4,310
Single Family
4,013
Multi-Family
297
Businesses
430
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