411 East StWood RiverNE68883
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wood River at 411 East St, Wood River, NE, 68883 priced at $209,000 converts $1,970/mo rent into $559/mo cash flow after a $1,023/mo obligation. Total monthly income equals $1,970/mo, and annual cash flow totals $6,703/yr on $69,284 invested. Return on cash invested prints 29.58% in year one, and rental yield reads 11.31% against a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation compiles into $57,743 by year five. Five-year ROI reaches 155.49% and total cumulative return in cash sums $107,726. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,970/mo property income covering a $1,023/mo payment, not borrower’s personal income.
Single Family
Built in 1910
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68883, Wood River, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 998 (100%) |
| Owner Occupied HU | 700 (70.1%) |
| Renter Occupied HU | 219 (21.9%) |
| Vacant Housing Units | 79 ( 7.9%) |
| Median Home Value | $276,126 |
| Average Home Value | $317,596 |
Housing Distribution
Address Breakdown
Residential
696
Single Family
696
Multi-Family
0
Businesses
67
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Listed by: Lori Henn • Coldwell Banker Action Holdings
Mls Name: Grand Island BOR
Mls ID: #20261083