709 E 6th StLexingtonNE68850
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 Lexington at 709 E 6th St, Lexington, NE, 68850 priced at $190,000 converts $1,488/mo rent into $205/mo cash flow after a $930/mo obligation. Total monthly income equals $1,488/mo, and annual cash flow totals $2,459/yr on $62,985 invested. Return on cash invested prints 23.81% in year one, and rental yield reads 9.4% against a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation compiles into $52,494 by year five. Five-year ROI reaches 124.53% and total cumulative return in cash sums $78,432. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,488/mo property income covering a $930/mo payment, not borrower’s personal income.
Single Family
Built in 1950
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68850, Lexington, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,427 (100%) |
| Owner Occupied HU | 2,598 (58.7%) |
| Renter Occupied HU | 1,535 (34.7%) |
| Vacant Housing Units | 294 ( 6.6%) |
| Median Home Value | $171,404 |
| Average Home Value | $226,489 |
Housing Distribution
Address Breakdown
Residential
4,310
Single Family
4,013
Multi-Family
297
Businesses
430
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Listed by: Andrew Martinez • Go Home Realty
Mls Name: REALTORS of Greater Mid-Nebraska MLS
Mls ID: #20241220
Disclaimer: 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.