609 Lincoln StFarnamNE69029
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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 Farnam at 609 Lincoln St, Farnam, NE, 69029 generates $882/mo in rent and, after a $563/mo payment, leaves $105/mo in cash flow. Total monthly income is $882/mo, and annual cash flow is $1,263/yr on $38,123 invested. Return on cash invested sits at 23.22% in year one, and rental yield is 9.2% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 121.46% and total cumulative return in cash sums $46,305. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $882/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 69029, Farnam, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 153 (100%) |
| Owner Occupied HU | 103 (67.3%) |
| Renter Occupied HU | 26 (17.0%) |
| Vacant Housing Units | 24 (15.7%) |
| Median Home Value | $255,769 |
| Average Home Value | $292,136 |
Housing Distribution
Address Breakdown
Residential
113
Single Family
112
Multi-Family
1
Businesses
11
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