536 Schmidt CirGrand 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 536 Schmidt Cir, Grand Island, NE, 68803 priced at $310,000 pairs $2,699/mo rent with $606/mo cash flow after a $1,517/mo payment. Total monthly income equals $2,699/mo, and annual cash flow comes to $7,271/yr on $102,765 invested. Return on cash invested is 26.98% in year one, and rental yield stands at 10.45% on a $310,000 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,647 by year five. Five-year ROI measures 141.5% and total cumulative return in cash reaches $145,411. For financing, Ziffy Mortgage’s DSCR program evaluates $2,699/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
6,602 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: Shandi Hartwig • Keller Williams Heartland
Mls Name: Grand Island BOR
Mls ID: #20250629