613 N Sheridan AveNorth PlatteNE69101
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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 North Platte at 613 N Sheridan Ave, North Platte, NE, 69101 offers $1,240/mo rent that, after a $685/mo payment, leaves $295/mo cash flow. Total monthly income is $1,240/mo, and annual cash flow is $3,538/yr on $46,410 cash. Return on cash invested measures 27.53% in year one, and rental yield stands at 10.63% at a $140,000 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 144.46% and total cumulative return in cash reaches $67,042. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,240/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1908
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 69101, North Platte, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,928 (100%) |
| Owner Occupied HU | 7,981 (57.3%) |
| Renter Occupied HU | 4,388 (31.5%) |
| Vacant Housing Units | 1,559 (11.2%) |
| Median Home Value | $201,060 |
| Average Home Value | $239,131 |
Housing Distribution
Address Breakdown
Residential
12,932
Single Family
12,083
Multi-Family
849
Businesses
871
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Listed by: Tami Timmerman-lashley • Lashley Land and Recreational Brokers
Mls Name: My State MLS
Mls ID: #11535971