602 S 40th StLincolnNE68510
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 Lincoln at 602 S 40th St, Lincoln, NE, 68510 uses $61,195 cash to close to unlock $6,539/yr annual cash flow and $545/mo monthly cash flow. Total monthly income runs $1,792/mo, and a $904/mo payment keeps the spread at $545/mo. Purchase price stands at $184,600, and rental yield measures 11.65% with $1,792/mo rent. Return on cash invested shows 30.6% in year one, and 5% annual appreciation builds toward $51,002 over five years. Five-year ROI reaches 160.89% and total cumulative return in cash records $98,457. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,792/mo property income covering a $904/mo payment rather than investor’s personal income.
Single Family
Built in 1948
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68510, Lincoln, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,221 (100%) |
| Owner Occupied HU | 5,188 (50.8%) |
| Renter Occupied HU | 4,325 (42.3%) |
| Vacant Housing Units | 708 ( 6.9%) |
| Median Home Value | $254,031 |
| Average Home Value | $305,227 |
Housing Distribution
Address Breakdown
Residential
9,615
Single Family
8,210
Multi-Family
1,405
Businesses
840
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices