1624 Jerry DrGrand IslandNE68803
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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
Rental property for sale in Grand Island at 1624 Jerry Dr, Grand Island, NE, 68803 generates $1,620/mo in rent, after a $1,246/mo payment. Total monthly income is $1,620/mo. Return on cash invested sits at 18.5% in year one, and rental yield is 7.64% on a $254,500 entry. Equity gained on principal adds $1,642/yr, while 5% annual appreciation builds toward $70,314 over five years. Five-year ROI reaches 96.09% and total cumulative return in cash sums $81,067. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,620/mo property income rather than buyer’s personal income.
Single Family
Built in 1927
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68803, Grand Island, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,208 (100%) |
| Owner Occupied HU | 6,412 (57.2%) |
| Renter Occupied HU | 4,268 (38.1%) |
| Vacant Housing Units | 528 ( 4.7%) |
| Median Home Value | $237,446 |
| Average Home Value | $265,258 |
Housing Distribution
Address Breakdown
Residential
11,465
Single Family
10,291
Multi-Family
1,174
Businesses
1,059
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Listed by: Sheila Reed • Berkshire Hathaway HomeServices Da-Ly Realty
Mls Name: Grand Island BOR
Mls ID: #20250750