640 S 212th StElkhornNE68022
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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 Elkhorn at 640 S 212th St, Elkhorn, NE, 68022 uses $129,285 cash to close to unlock $11,883/yr annual cash flow and $990/mo monthly cash flow. Total monthly income runs $3,624/mo, and a $1,909/mo payment keeps the spread at $990/mo. Purchase price stands at $390,000, and rental yield measures 11.15% with $3,624/mo rent. Return on cash invested shows 29.1% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 152.9% and total cumulative return in cash records $197,672. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,624/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Single Family
Built in 1987
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68022, Elkhorn, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,077 (100%) |
| Owner Occupied HU | 10,356 (64.4%) |
| Renter Occupied HU | 4,280 (26.6%) |
| Vacant Housing Units | 1,441 ( 9.0%) |
| Median Home Value | $469,959 |
| Average Home Value | $514,501 |
Housing Distribution
Address Breakdown
Residential
15,026
Single Family
12,973
Multi-Family
2,053
Businesses
833
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