1108 E Oklahoma AveGrand IslandNE68801
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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 Grand Island at 1108 E Oklahoma Ave, Grand Island, NE, 68801 offers a 6.32% rental yield on a $284,900 purchase with $1,500/mo rent. 53% in year one. Equity gained on principal adds $1,838/yr while 5% annual appreciation supports $78,713 over five years. Portfolio math shows five-year ROI at 74.74% and total cumulative return in cash at $70,583. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,500/mo property income against a $1,394/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68801, Grand Island, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,972 (100%) |
| Owner Occupied HU | 6,292 (52.6%) |
| Renter Occupied HU | 4,823 (40.3%) |
| Vacant Housing Units | 857 ( 7.2%) |
| Median Home Value | $190,499 |
| Average Home Value | $238,429 |
Housing Distribution
Address Breakdown
Residential
11,621
Single Family
10,419
Multi-Family
1,202
Businesses
917
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Listed by: Haley Hofer • Summit Real Estate
Mls Name: Grand Island BOR
Mls ID: #20251178