580 E 1st StCreteNE68333
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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 Crete at 580 E 1st St, Crete, NE, 68333 offers a 8.45% rental yield on a $340,000 purchase with $2,393/mo rent. Total monthly income registers $2,393/mo, and a $1,664/mo payment leaves $80/mo available for distribution. Annual cash flow reaches $955/yr on $112,710 to close, and return on cash invested stands at 20.76% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,936 over five years. Portfolio math shows five-year ROI at 108.2% and total cumulative return in cash at $121,950. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,393/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
10,736 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68333, Crete, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,155 (100%) |
| Owner Occupied HU | 1,863 (59.0%) |
| Renter Occupied HU | 1,007 (31.9%) |
| Vacant Housing Units | 285 ( 9.0%) |
| Median Home Value | $227,808 |
| Average Home Value | $234,269 |
Housing Distribution
Address Breakdown
Residential
3,038
Single Family
2,845
Multi-Family
193
Businesses
258
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