1603 28th StCentral CityNE68826
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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 Central City at 1603 28th St, Central City, NE, 68826 listed at $265,000 pairs $2,476/mo rent with a $1,297/mo payment to leave $687/mo cash flow. Total monthly income runs $2,476/mo, and annual cash flow reaches $8,238/yr on $87,848 cash to close. Return on cash invested measures 29.29% in year one, and rental yield registers 11.21% at a $265,000 basis. Equity gained on principal adds $1,710/yr, and annual property appreciation at 5% supports $73,215 by year five. Five-year ROI tracks 153.88% and total cumulative return in cash totals $135,183. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,476/mo property income relative to a $1,297/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68826, Central City, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,859 (100%) |
| Owner Occupied HU | 1,218 (65.5%) |
| Renter Occupied HU | 441 (23.7%) |
| Vacant Housing Units | 200 (10.8%) |
| Median Home Value | $187,015 |
| Average Home Value | $234,423 |
Housing Distribution
Address Breakdown
Residential
1,693
Single Family
1,661
Multi-Family
32
Businesses
191
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Listed by: Linda Riblett • Central Realty Inc.
Mls Name: My State MLS
Mls ID: #11627899