1613 Spruce RdGrand 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 1613 Spruce Rd, Grand Island, NE, 68801 listed at $389,900 pairs $2,633/mo rent with a $1,908/mo payment to leave $0/mo cash flow. Total monthly income runs $2,633/mo, and annual cash flow reaches $5/yr on $129,252 cash to close. Return on cash invested measures 19.91% in year one, and rental yield registers 8.1% at a $389,900 basis. Equity gained on principal adds $2,516/yr, and annual property appreciation at 5% supports $107,722 by year five. Five-year ROI tracks 103.61% and total cumulative return in cash totals $133,921. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,633/mo property income relative to a $1,908/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
0.57 Acres 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: Gordon Coble • New View Real Estate
Mls Name: Grand Island BOR
Mls ID: #20250789