1023 W 3rd AveWayneNE68787
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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 Wayne at 1023 W 3rd Ave, Wayne, NE, 68787 generates $1,921/mo in rent, after a $1,566/mo payment. Total monthly income is $1,921/mo. Return on cash invested sits at 17.2% in year one, and rental yield is 7.2% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 89.06% and total cumulative return in cash sums $94,479. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,921/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
8,710 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68787, Wayne, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,878 (100%) |
| Owner Occupied HU | 1,413 (49.1%) |
| Renter Occupied HU | 1,087 (37.8%) |
| Vacant Housing Units | 378 (13.1%) |
| Median Home Value | $219,372 |
| Average Home Value | $246,672 |
Housing Distribution
Address Breakdown
Residential
2,518
Single Family
2,376
Multi-Family
142
Businesses
299
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