603 Cherry AveBroken BowNE68822
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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 Broken Bow at 603 Cherry Ave, Broken Bow, NE, 68822 generates $1,234/mo in rent and, after a $685/mo payment, leaves $289/mo in cash flow. Total monthly income is $1,234/mo, and annual cash flow is $3,466/yr on $46,410 invested. Return on cash invested sits at 27.38% in year one, and rental yield is 10.58% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 143.63% and total cumulative return in cash sums $66,658. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,234/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68822, Broken Bow, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,252 (100%) |
| Owner Occupied HU | 1,286 (57.1%) |
| Renter Occupied HU | 690 (30.6%) |
| Vacant Housing Units | 276 (12.3%) |
| Median Home Value | $207,527 |
| Average Home Value | $286,083 |
Housing Distribution
Address Breakdown
Residential
2,197
Single Family
2,030
Multi-Family
167
Businesses
336
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Listed by: Maureen Hunsberger • Ideal Realty, LLC
Mls Name: Nebraska Realtors Outstate
Mls ID: #34950