424 N Coddington AveLincolnNE68528
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 Lincoln at 424 N Coddington Ave, Lincoln, NE, 68528 priced at $249,900 converts $2,423/mo rent into $736/mo cash flow after a $1,223/mo obligation. Total monthly income equals $2,423/mo, and annual cash flow totals $8,827/yr on $82,842 invested. Return on cash invested prints 30.56% in year one, and rental yield reads 11.64% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 160.73% and total cumulative return in cash sums $133,154. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,423/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Townhouse
Built in 2001
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68528, Lincoln, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,238 (100%) |
| Owner Occupied HU | 1,945 (60.1%) |
| Renter Occupied HU | 1,134 (35.0%) |
| Vacant Housing Units | 159 ( 4.9%) |
| Median Home Value | $280,383 |
| Average Home Value | $341,558 |
Housing Distribution
Address Breakdown
Residential
3,269
Single Family
2,907
Multi-Family
362
Businesses
193
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Listed by: Landon Hornby • Nebraska Realty
Mls Name: GPRMLS
Mls Provider:
Mls ID: #22426417
Disclaimer: Listing information is provided by Participants of the Great Plains Regional Multiple Listing Service Inc. 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. Copyright 2024, Great Plains Regional Multiple Listing Service, Inc.