620 W 2nd StHastingsNE68901
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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 Hastings at 620 W 2nd St, Hastings, NE, 68901 offers a 9.56% rental yield on a $286,000 purchase with $2,279/mo rent. Total monthly income registers $2,279/mo, and a $1,400/mo payment leaves $127/mo available for distribution. Annual cash flow reaches $1,518/yr on $94,809 to close, and return on cash invested stands at 21.51% in year one. Equity gained on principal adds $1,846/yr while 5% annual appreciation supports $79,017 over five years. Portfolio math shows five-year ROI at 113.2% and total cumulative return in cash at $107,324. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,279/mo property income against a $1,400/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1889
N/A lot
$N/A/sqft
$221 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68901, Hastings, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,041 (100%) |
| Owner Occupied HU | 6,893 (57.2%) |
| Renter Occupied HU | 4,006 (33.3%) |
| Vacant Housing Units | 1,142 ( 9.5%) |
| Median Home Value | $198,659 |
| Average Home Value | $243,707 |
Housing Distribution
Address Breakdown
Residential
11,415
Single Family
10,825
Multi-Family
590
Businesses
1,073
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Listed by: Elizabeth Tillemans • Nebraska Realty Hastings
Mls Name: REALTORS of Greater Mid-Nebraska MLS
Mls ID: #20241165
Disclaimer: 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.