2417 W Koenig StGrand IslandNE68803
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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 Grand Island at 2417 W Koenig St, Grand Island, NE, 68803 priced at $259,900 converts $2,248/mo rent into $493/mo cash flow after a $1,272/mo obligation. Total monthly income equals $2,248/mo, and annual cash flow totals $5,916/yr on $86,157 invested. Return on cash invested prints 26.78% in year one, and rental yield reads 10.38% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 140.46% and total cumulative return in cash sums $121,018. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,248/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Single Family
Built in 1936
7,540 sqft 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: Lori Henn • Coldwell Banker Action Holdings
Mls Name: Grand Island BOR
Mls Provider:
Mls ID: #20241836
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.