202 Hansen AveWallaceNE69169
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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 Wallace at 202 Hansen Ave, Wallace, NE, 69169 priced at $340,000 converts $1,344/mo rent into after a $1,664/mo obligation. Total monthly income equals $1,344/mo. Return on cash invested prints 9.78% in year one, and rental yield reads 4.74% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 49.27% and total cumulative return in cash sums $55,530. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,344/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1928
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 69169, Wallace, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 279 (100%) |
| Owner Occupied HU | 185 (66.3%) |
| Renter Occupied HU | 51 (18.3%) |
| Vacant Housing Units | 43 (15.4%) |
| Median Home Value | $206,034 |
| Average Home Value | $268,946 |
Housing Distribution
Address Breakdown
Residential
189
Single Family
189
Multi-Family
0
Businesses
40
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