623 Cherry AveBroken BowNE68822
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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 Broken Bow at 623 Cherry Ave, Broken Bow, NE, 68822 uses $44,719 cash to close to unlock $2,980/yr annual cash flow and $248/mo monthly cash flow. Total monthly income runs $1,159/mo, and a $660/mo payment keeps the spread at $248/mo. Purchase price stands at $134,900, and rental yield measures 10.31% with $1,159/mo rent. Return on cash invested shows 26.57% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 139.41% and total cumulative return in cash records $62,345. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,159/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in 1952
5,035 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68822, Broken Bow, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,252 (100%) |
| Owner Occupied HU | 1,286 (57.1%) |
| Renter Occupied HU | 690 (30.6%) |
| Vacant Housing Units | 276 (12.3%) |
| Median Home Value | $207,527 |
| Average Home Value | $286,083 |
Housing Distribution
Address Breakdown
Residential
2,197
Single Family
2,030
Multi-Family
167
Businesses
336
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Listed by: Katherine Eberle • Farmers National Company
Mls Name: NY State MLS
Mls ID: #11342480