705 W 5th StNorth PlatteNE69101
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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 North Platte at 705 W 5th St, North Platte, NE, 69101 uses $59,670 cash to close to unlock $1,686/yr annual cash flow and $141/mo monthly cash flow. Total monthly income runs $1,356/mo, and a $881/mo payment keeps the spread at $141/mo. Purchase price stands at $180,000, and rental yield measures 9.04% with $1,356/mo rent. Return on cash invested shows 22.73% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 118.76% and total cumulative return in cash records $70,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,356/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1910
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 69101, North Platte, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,928 (100%) |
| Owner Occupied HU | 7,981 (57.3%) |
| Renter Occupied HU | 4,388 (31.5%) |
| Vacant Housing Units | 1,559 (11.2%) |
| Median Home Value | $201,060 |
| Average Home Value | $239,131 |
Housing Distribution
Address Breakdown
Residential
12,932
Single Family
12,083
Multi-Family
849
Businesses
871
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Listed by: Gayle White • Great Plains Realty
Mls Name: My State MLS
Mls ID: #11491222