900 S 3rd StAlbionNE68620
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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 Albion at 900 S 3rd St, Albion, NE, 68620 priced at $398,500 converts $2,332/mo rent into after a $1,950/mo obligation. Total monthly income equals $2,332/mo. Return on cash invested prints 16.65% in year one, and rental yield reads 7.02% against a $398,500 entry. Equity gained on principal adds $2,571/yr, while 5% annual appreciation compiles into $110,098 by year five. Five-year ROI reaches 86.13% and total cumulative return in cash sums $113,785. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,332/mo property income covering a $1,950/mo payment, not borrower’s personal income.
Single Family
Built in 1920
5,775 sqft 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
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