608 Smith AveElwoodNE68937
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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 Elwood at 608 Smith Ave, Elwood, NE, 68937 earns $24/mo cash flow from $1,368/mo rent with a $974/mo payment. Total monthly income totals $1,368/mo, and annual cash flow totals $290/yr on $65,969 capital. ROI tracks 20.35% on current figures, and rental yield reads 8.25% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 106.01% and total cumulative return in cash sums $69,930. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,368/mo property income instead of your personal income.
Single Family
Built in 1905
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68937, Elwood, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,230 (100%) |
| Owner Occupied HU | 637 (51.8%) |
| Renter Occupied HU | 194 (15.8%) |
| Vacant Housing Units | 399 (32.4%) |
| Median Home Value | $289,423 |
| Average Home Value | $322,747 |
Housing Distribution
Address Breakdown
Residential
747
Single Family
747
Multi-Family
0
Businesses
68
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Listed by: Kelly Gydesen • AgTeam Land Brokers, LLC
Mls Name: REALTORS of Greater Mid-Nebraska MLS
Mls ID: #20250526
Disclaimer: 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.