1502 S 10th St APT 302OmahaNE68108
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1502 S 10th St APT 302, Omaha, NE, 68108 in Omaha carries a 1.61 coverage ratio, rent of $2,797/mo is 1.61 times the $1,742/mo payment. Rental yield 8.66%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $387,500 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $107,059; total projected cumulative return: $124,293.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.2% |
| Monthly Cash Flow | $(407) | $450 |
City averages based on Omaha market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,797 |
| Total Monthly Debt Service | $3,050 |
| DSCR Ratio | 0.92x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2013
43.56 sqft lot
$N/A/sqft
$587 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68108, Omaha, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,648 (100%) |
| Owner Occupied HU | 2,331 (35.1%) |
| Renter Occupied HU | 3,474 (52.3%) |
| Vacant Housing Units | 843 (12.7%) |
| Median Home Value | $169,971 |
| Average Home Value | $233,981 |
Housing Distribution
Address Breakdown
Residential
5,862
Single Family
4,986
Multi-Family
876
Businesses
537
Nearby investment properties with comparable rents
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
Condo
Built in 2013
43.56 sqft lot
$N/A/sqft
$587 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68108, Omaha, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,648 (100%) |
| Owner Occupied HU | 2,331 (35.1%) |
| Renter Occupied HU | 3,474 (52.3%) |
| Vacant Housing Units | 843 (12.7%) |
| Median Home Value | $169,971 |
| Average Home Value | $233,981 |
Housing Distribution
Address Breakdown
Residential
5,862
Single Family
4,986
Multi-Family
876
Businesses
537
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices