618 E 8th StGrand IslandNE68801
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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 618 E 8th St, Grand Island, NE, 68801 offers a 9.93% rental yield on a $145,000 purchase with $1,200/mo rent. Total monthly income registers $1,200/mo, and a $710/mo payment leaves $221/mo available for distribution. Annual cash flow reaches $2,646/yr on $48,068 to close, and return on cash invested stands at 25.41% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 133.13% and total cumulative return in cash at $63,992. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,200/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1896
6,175 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68801, Grand Island, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,972 (100%) |
| Owner Occupied HU | 6,292 (52.6%) |
| Renter Occupied HU | 4,823 (40.3%) |
| Vacant Housing Units | 857 ( 7.2%) |
| Median Home Value | $190,499 |
| Average Home Value | $238,429 |
Housing Distribution
Address Breakdown
Residential
11,621
Single Family
10,419
Multi-Family
1,202
Businesses
917
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Listed by: Ruby Sciuga • Nebraska Realty
Mls Name: Grand Island BOR
Mls Provider:
Mls ID: #20250796
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.