609 S Cedar StMeadNE68041
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 Mead at 609 S Cedar St, Mead, NE, 68041 offers a 10.84% rental yield on a $144,900 purchase with $1,309/mo rent. Total monthly income registers $1,309/mo, and a $709/mo payment leaves $331/mo available for distribution. Annual cash flow reaches $3,969/yr on $48,034 to close, and return on cash invested stands at 28.17% in year one. Equity gained on principal adds $935/yr while 5% annual appreciation supports $40,033 over five years. Portfolio math shows five-year ROI at 147.9% and total cumulative return in cash at $71,041. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,309/mo property income against a $709/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68041, Mead, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 411 (100%) |
| Owner Occupied HU | 323 (78.6%) |
| Renter Occupied HU | 62 (15.1%) |
| Vacant Housing Units | 26 ( 6.3%) |
| Median Home Value | $248,106 |
| Average Home Value | $294,133 |
Housing Distribution
Address Breakdown
Residential
184
Single Family
184
Multi-Family
0
Businesses
30
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Listed by: Kurt Maly • Nebraska Realty
Mls Name: GPRMLS
Mls Provider:
Mls ID: #22425993
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.