2620 S Engleman 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
Investment property for sale in Grand Island at 2620 S Engleman Rd, Grand Island, NE, 68803 uses $123,772 cash to close to unlock $17,930/yr annual cash flow and $1,494/mo monthly cash flow. Total monthly income runs $4,015/mo, and a $1,827/mo payment keeps the spread at $1,494/mo. Purchase price stands at $373,369, and rental yield measures 12.9% with $4,015/mo rent. Return on cash invested shows 34.4% in year one, and 5% annual appreciation builds toward $103,155 over five years. Five-year ROI reaches 181.3% and total cumulative return in cash records $224,395. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,015/mo property income covering a $1,827/mo payment rather than investor’s personal income.
Single Family
Built in 1979
1.47 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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