1716 N Eddy StGrand 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 1716 N Eddy St, Grand Island, NE, 68801 uses $46,410 cash to close to unlock $7,018/yr annual cash flow and $585/mo monthly cash flow. Total monthly income runs $1,530/mo, and a $685/mo payment keeps the spread at $585/mo. Purchase price stands at $140,000, and rental yield measures 13.11% with $1,530/mo rent. Return on cash invested shows 35.03% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 184.69% and total cumulative return in cash records $85,714. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,530/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1928
5,662 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: Megan Goplin • Keller Williams Heartland
Mls Name: Grand Island BOR
Mls Provider:
Mls ID: #20251074
Disclaimer: 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.