816 E Phoenix AveGrand 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 816 E Phoenix Ave, Grand Island, NE, 68801 uses $96,135 cash to close to unlock $10,489/yr annual cash flow and $874/mo monthly cash flow. Total monthly income runs $2,832/mo, and a $1,419/mo payment keeps the spread at $874/mo. Purchase price stands at $290,000, and rental yield measures 11.72% with $2,832/mo rent. Return on cash invested shows 30.82% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 162.14% and total cumulative return in cash records $155,872. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,832/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1980
7,840 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: Theresa DeLaet • HOME Real Estate of Kearney
Mls Name: REALTORS of Greater Mid-Nebraska MLS
Mls ID: #20251424