607 5th StMilfordNE68405
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
Rental property for sale in Milford at 607 5th St, Milford, NE, 68405 priced at $225,000 pairs $2,500/mo rent with $981/mo cash flow after a $1,101/mo payment. Total monthly income equals $2,500/mo, and annual cash flow comes to $11,771/yr on $74,588 invested. Return on cash invested is 35.69% in year one, and rental yield stands at 13.33% on a $225,000 basis. Equity gained on principal adds $1,452/yr, and 5% annual appreciation accumulates to $62,163 by year five. Five-year ROI measures 188.22% and total cumulative return in cash reaches $140,385. For financing, Ziffy Mortgage’s DSCR program evaluates $2,500/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1918
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68405, Milford, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,366 (100%) |
| Owner Occupied HU | 893 (65.4%) |
| Renter Occupied HU | 369 (27.0%) |
| Vacant Housing Units | 104 ( 7.6%) |
| Median Home Value | $256,473 |
| Average Home Value | $291,716 |
Housing Distribution
Address Breakdown
Residential
1,057
Single Family
1,034
Multi-Family
23
Businesses
87
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Nearby investment properties with comparable prices
Listed by: Brenda Donner • RE/MAX Concepts
Mls Name: GPRMLS
Mls Provider:
Mls ID: #22426220
Disclaimer: Listing information is provided by Participants of the Great Plains Regional Multiple Listing Service Inc. 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. Copyright 2024, Great Plains Regional Multiple Listing Service, Inc.