2315 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 2315 28th St, Central City, NE, 68826 uses $71,273 cash to close to unlock $7,230/yr annual cash flow and $602/mo monthly cash flow. Total monthly income runs $2,054/mo, and a $1,052/mo payment keeps the spread at $602/mo. Purchase price stands at $215,000, and rental yield measures 11.46% with $2,054/mo rent. Return on cash invested shows 30.05% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 158% and total cumulative return in cash records $112,609. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,054/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1974
8,276 sqft 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: Chris Schwieger • Woods Bros Realty
Mls Name: Grand Island BOR
Mls Provider:
Mls ID: #20250910
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.