620 S Washington 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 620 S Washington St, Grand Island, NE, 68801 listed at $215,000 pairs $1,457/mo rent with a $1,052/mo payment to leave $5/mo cash flow. Total monthly income runs $1,457/mo, and annual cash flow reaches $66/yr on $71,273 cash to close. Return on cash invested measures 20% in year one, and rental yield registers 8.13% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 104.1% and total cumulative return in cash totals $74,197. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,457/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1966
4,356 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: Jenna King • Nebraska Realty Hastings
Mls Name: REALTORS of Greater Mid-Nebraska MLS
Mls ID: #20260101