640 Locust StSyracuseNE68446
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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 Syracuse at 640 Locust St, Syracuse, NE, 68446 with 5% annual appreciation on a $247,000 basis while $1,181/mo rent supports operations. 77% in year one. Equity gained on principal adds $1,594/yr, and five-year appreciation sums $68,242 alongside rental yield of 5.74%. Five-year ROI measures 65.28% and total cumulative return in cash totals $53,452. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,181/mo property income versus a $1,209/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68446, Syracuse, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,163 (100%) |
| Owner Occupied HU | 853 (73.3%) |
| Renter Occupied HU | 231 (19.9%) |
| Vacant Housing Units | 79 ( 6.8%) |
| Median Home Value | $243,301 |
| Average Home Value | $278,836 |
Housing Distribution
Address Breakdown
Residential
1,077
Single Family
1,045
Multi-Family
32
Businesses
72
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Listed by: Mary Waite • NP Dodge RE Sales Inc Lincoln
Mls Name: GPRMLS
Mls Provider:
Mls ID: #22516595
Disclaimer: Listing information is provided by Participants of the Great Plains Regional Multiple Listing Service Inc. 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. Copyright 2025, Great Plains Regional Multiple Listing Service, Inc.