513 7th StPhillipsNE68865
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
Investment property for sale in Phillips at 513 7th St, Phillips, NE, 68865 earns from $1,889/mo rent with a $1,591/mo payment. Total monthly income totals $1,889/mo. ROI tracks 16.5% on current figures, and rental yield reads 6.97% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 85.35% and total cumulative return in cash sums $91,957. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,889/mo property income instead of your personal income.
Single Family
Built in 2024
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68865, Phillips, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 400 (100%) |
| Owner Occupied HU | 325 (81.2%) |
| Renter Occupied HU | 45 (11.2%) |
| Vacant Housing Units | 30 ( 7.5%) |
| Median Home Value | $352,344 |
| Average Home Value | $383,954 |
Housing Distribution
Address Breakdown
Residential
303
Single Family
303
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tracy Babcock • Babcock Real Estate
Mls Name: Grand Island BOR
Mls Provider:
Mls ID: #20250502
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.