2553 N 60th RdGrand 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 2553 N 60th Rd, Grand Island, NE, 68803 generates $2,545/mo in rent, after a $2,687/mo payment. Total monthly income is $2,545/mo. Return on cash invested sits at 12.34% in year one, and rental yield is 5.56% on a $549,000 entry. Equity gained on principal adds $3,543/yr, while 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 62.95% and total cumulative return in cash sums $113,708. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,545/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
6.35 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: Clinton Mickey • Cornwell Inc.Land & Home Brokers-Auctioneers
Mls Name: My State MLS
Mls ID: #11578528