2216 15th AveCentral 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 2216 15th Ave, Central City, NE, 68826 offers a 8.57% rental yield on a $260,000 purchase with $1,857/mo rent. Total monthly income registers $1,857/mo, and a $1,273/mo payment leaves $101/mo available for distribution. Annual cash flow reaches $1,210/yr on $86,190 to close, and return on cash invested stands at 21.31% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 111.11% and total cumulative return in cash at $95,765. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,857/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.25 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: Jessica Colson • Woods Bros Realty
Mls Name: Grand Island BOR
Mls ID: #20251050