690 I StGeringNE69341
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Gering at 690 I St, Gering, NE, 69341 priced at $270,200 pairs $2,074/mo rent with $250/mo cash flow after a $1,322/mo payment. Total monthly income equals $2,074/mo, and annual cash flow comes to $2,999/yr on $89,571 invested. Return on cash invested is 23.26% in year one, and rental yield stands at 9.21% on a $270,200 basis. Equity gained on principal adds $1,744/yr, and 5% annual appreciation accumulates to $74,651 by year five. Five-year ROI measures 121.53% and total cumulative return in cash reaches $108,856. For financing, Ziffy Mortgage’s DSCR program evaluates $2,074/mo property income against a $1,322/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 69341, Gering, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,747 (100%) |
| Owner Occupied HU | 3,149 (66.3%) |
| Renter Occupied HU | 1,208 (25.4%) |
| Vacant Housing Units | 390 ( 8.2%) |
| Median Home Value | $192,538 |
| Average Home Value | $209,248 |
Housing Distribution
Address Breakdown
Residential
4,689
Single Family
4,536
Multi-Family
153
Businesses
404
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices