317 N Boggs AveGrand 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 317 N Boggs Ave, Grand Island, NE, 68803 priced at $208,750 pairs $1,451/mo rent with $41/mo cash flow after a $1,022/mo payment. Total monthly income equals $1,451/mo, and annual cash flow comes to $493/yr on $69,201 invested. Return on cash invested is 20.62% in year one, and rental yield stands at 8.34% on a $208,750 basis. Equity gained on principal adds $1,347/yr, and 5% annual appreciation accumulates to $57,674 by year five. Five-year ROI measures 107.47% and total cumulative return in cash reaches $74,371. For financing, Ziffy Mortgage’s DSCR program evaluates $1,451/mo property income against a $1,022/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1921
6,545 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: Kendell Aden • Nebraska Realty
Mls Name: Grand Island BOR
Mls ID: #20251051