901 SPRUCENorth 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 901 SPRUCE, North Platte, NE, 69101 listed at $303,000 pairs $2,498/mo rent with a $1,483/mo payment to leave $452/mo cash flow. Total monthly income runs $2,498/mo, and annual cash flow reaches $5,423/yr on $100,445 cash to close. Return on cash invested measures 25.31% in year one, and rental yield registers 9.89% at a $303,000 basis. Equity gained on principal adds $1,955/yr, and annual property appreciation at 5% supports $83,713 by year five. Five-year ROI tracks 132.53% and total cumulative return in cash totals $133,122. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,498/mo property income relative to a $1,483/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
0.25 Acres 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: Team Golden X 2 • COLDWELL BANKER PREFERRED GROUP
Mls Name: Lincoln County BOR (NE)
Mls ID: #26333