816 2nd StMilfordNE68405
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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
Rental property for sale in Milford at 816 2nd St, Milford, NE, 68405 generates $1,397/mo in rent and, after a $857/mo payment, leaves $215/mo in cash flow. Total monthly income is $1,397/mo, and annual cash flow is $2,577/yr on $58,013 invested. Return on cash invested sits at 24.35% in year one, and rental yield is 9.58% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 127.43% and total cumulative return in cash sums $73,927. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,397/mo property income rather than buyer’s personal income.
Single Family
Built in 1908
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68405, Milford, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,366 (100%) |
| Owner Occupied HU | 893 (65.4%) |
| Renter Occupied HU | 369 (27.0%) |
| Vacant Housing Units | 104 ( 7.6%) |
| Median Home Value | $256,473 |
| Average Home Value | $291,716 |
Housing Distribution
Address Breakdown
Residential
1,057
Single Family
1,034
Multi-Family
23
Businesses
87
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