Old Cheney And S Folsom Rd #L4Y7GELincolnNE68523
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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 Lincoln at Old Cheney And S Folsom Rd #L4Y7GE, Lincoln, NE, 68523 uses $117,848 cash to close to unlock $2,752/yr annual cash flow and $229/mo monthly cash flow. Total monthly income runs $2,630/mo, and a $1,740/mo payment keeps the spread at $229/mo. Purchase price stands at $355,500, and rental yield measures 8.88% with $2,630/mo rent. Return on cash invested shows 22.24% in year one, and 5% annual appreciation builds toward $98,218 over five years. Five-year ROI reaches 116.12% and total cumulative return in cash records $136,849. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,630/mo property income covering a $1,740/mo payment rather than investor’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68523, Lincoln, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,079 (100%) |
| Owner Occupied HU | 781 (72.4%) |
| Renter Occupied HU | 134 (12.4%) |
| Vacant Housing Units | 164 (15.2%) |
| Median Home Value | $454,651 |
| Average Home Value | $504,133 |
Housing Distribution
Address Breakdown
Residential
1,023
Single Family
1,023
Multi-Family
0
Businesses
12
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