616 Gerrard AveMonroeNE68647
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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 Monroe at 616 Gerrard Ave, Monroe, NE, 68647 with 5% annual appreciation on a $149,000 basis while $1,198/mo rent supports operations. Total monthly income totals $1,198/mo and a $729/mo payment preserves $192/mo for cash returns. Annual cash flow comes to $2,305/yr on $49,394 deployed, and return on cash invested reaches 24.58% in year one. Equity gained on principal adds $961/yr, and five-year appreciation sums $41,166 alongside rental yield of 9.65%. Five-year ROI measures 128.7% and total cumulative return in cash totals $63,568.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,198/mo property income versus a $729/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1998
8,052 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68647, Monroe, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 287 (100%) |
| Owner Occupied HU | 228 (79.4%) |
| Renter Occupied HU | 30 (10.5%) |
| Vacant Housing Units | 29 (10.1%) |
| Median Home Value | $250,000 |
| Average Home Value | $347,215 |
Housing Distribution
Address Breakdown
Residential
183
Single Family
183
Multi-Family
0
Businesses
15
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