6228 Morrill AveLincolnNE68507
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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 Lincoln at 6228 Morrill Ave, Lincoln, NE, 68507 uses $41,438 cash to close to unlock $1,403/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $986/mo, and a $612/mo payment keeps the spread at $117/mo. Purchase price stands at $125,000, and rental yield measures 9.47% with $986/mo rent. Return on cash invested shows 23.29% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 121.99% and total cumulative return in cash records $50,549. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $986/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68507, Lincoln, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,634 (100%) |
| Owner Occupied HU | 4,495 (58.9%) |
| Renter Occupied HU | 2,792 (36.6%) |
| Vacant Housing Units | 347 ( 4.5%) |
| Median Home Value | $236,817 |
| Average Home Value | $248,601 |
Housing Distribution
Address Breakdown
Residential
7,237
Single Family
6,825
Multi-Family
412
Businesses
383
Nearby investment properties with comparable rents
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No similar price properties found nearby.
Listed by: Heather Ferguson • HOME Real Estate
Mls Name: GPRMLS
Mls Provider:
Mls ID: #22506118
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