Single-Family Rental Financing in Crete, NE

Single-Family Rental investing in Crete

Single-family rentals are the cleanest DSCR file you can write in Crete. One unit, one lease, one Form 1007 market rent schedule, and the deepest set of sale and rent comps in the Saline County appraisal market. Detached stock also carries the longest average tenancies, which is what actually protects the ratio you close at.

At the Crete median of $205,000, a single-family rental prices near $205,000. Minimum down is 20% ($41,000), leaving a loan of $164,000. Estimated all-in PITIA runs about $1,514 per month.

Returns and structure

Return metrics at the Crete median for this product: an estimated cap rate of 5.63%, and monthly cash flow of $36 positive at 20% down. A file that cash-flows at the minimum down payment is the exception in Nebraska right now, and it gives you room to absorb an insurance renewal without going to the reserve account.