714 W 6th 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
Rental property for sale in Grand Island at 714 W 6th St, Grand Island, NE, 68801 generates $1,889/mo in rent and, after a $834/mo payment, leaves $739/mo in cash flow. Total monthly income is $1,889/mo, and annual cash flow is $8,862/yr on $56,454 invested. Return on cash invested sits at 35.61% in year one, and rental yield is 13.31% on a $170,300 entry. Equity gained on principal adds $1,099/yr, while 5% annual appreciation builds toward $47,051 over five years. Five-year ROI reaches 187.81% and total cumulative return in cash sums $106,027. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,889/mo property income rather than buyer’s personal income.
Single Family
Built in 1921
6,098 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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