613 Center AveMorrillNE69358
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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 Morrill at 613 Center Ave, Morrill, NE, 69358 offers a 10.4% rental yield on a $220,000 purchase with $1,906/mo rent. Total monthly income registers $1,906/mo, and a $1,077/mo payment leaves $420/mo available for distribution. Annual cash flow reaches $5,042/yr on $72,930 to close, and return on cash invested stands at 26.82% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 140.71% and total cumulative return in cash at $102,623. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,906/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 69358, Morrill, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 859 (100%) |
| Owner Occupied HU | 551 (64.1%) |
| Renter Occupied HU | 213 (24.8%) |
| Vacant Housing Units | 95 (11.1%) |
| Median Home Value | $182,904 |
| Average Home Value | $215,676 |
Housing Distribution
Address Breakdown
Residential
628
Single Family
628
Multi-Family
0
Businesses
50
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