721 S 8th StAlbionNE68620
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 Albion at 721 S 8th St, Albion, NE, 68620 offers $2,306/mo rent that, after a $1,556/mo payment, leaves $159/mo cash flow. Total monthly income is $2,306/mo, and annual cash flow is $1,909/yr on $105,417 cash. Return on cash invested measures 21.72% in year one, and rental yield stands at 8.7% at a $318,000 entry. Equity gained on principal adds $2,052/yr while 5% annual appreciation compounds into $87,858 by year five. Five-year ROI records 113.33% and total cumulative return in cash reaches $119,471. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,306/mo property income versus a $1,556/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68620, Albion, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,366 (100%) |
| Owner Occupied HU | 891 (65.2%) |
| Renter Occupied HU | 326 (23.9%) |
| Vacant Housing Units | 149 (10.9%) |
| Median Home Value | $229,785 |
| Average Home Value | $263,157 |
Housing Distribution
Address Breakdown
Residential
1,269
Single Family
1,215
Multi-Family
54
Businesses
163
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindy Edwards • Elite Realty
Mls Name: Norfolk BOR
Mls ID: #240687
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.