5424 S 38th RdCortlandNE68331
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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 Cortland at 5424 S 38th Rd, Cortland, NE, 68331 generates $0/mo in rent, after a $2,569/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -4.57% in year one, and rental yield is 0% on a $524,900 entry. Equity gained on principal adds $3,387/yr, while 5% annual appreciation builds toward $145,020 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
1.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68331, Cortland, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 399 (100%) |
| Owner Occupied HU | 321 (80.5%) |
| Renter Occupied HU | 65 (16.3%) |
| Vacant Housing Units | 13 ( 3.3%) |
| Median Home Value | $310,377 |
| Average Home Value | $341,223 |
Housing Distribution
Address Breakdown
Residential
247
Single Family
247
Multi-Family
0
Businesses
32
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