4136 Michigan 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 4136 Michigan Ave, Grand Island, NE, 68803 priced at $477,000 pairs $3,175/mo rent with after a $2,335/mo payment. Total monthly income equals $3,175/mo. Return on cash invested is 19.56% in year one, and rental yield stands at 7.99% on a $477,000 basis. Equity gained on principal adds $3,078/yr, and 5% annual appreciation accumulates to $131,786 by year five. Five-year ROI measures 101.69% and total cumulative return in cash reaches $160,799. For financing, Ziffy Mortgage’s DSCR program evaluates $3,175/mo property income against a $2,335/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2018
0.36 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: Jasey Klein • Keller Williams Heartland
Mls Name: Grand Island BOR
Mls Provider:
Mls ID: #20250390
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.