1616 Lake StOmahaNE68110
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 1616 Lake St, Omaha, NE, 68110 in Omaha is narrow, $161/mo net on $1,309/mo rent after the $764/mo debt service, but the property operates at break-even-plus, not a loss. At $170,000 with a 9.24% yield, the long-run equity case via 5% appreciation ($46,968 over five years) and $1,566/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.71 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $75,312.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.2% |
| Monthly Cash Flow | $161 | $450 |
City averages based on Omaha market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,309 |
| Total Monthly Debt Service | $1,080 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1910
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68110, Omaha, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,307 (100%) |
| Owner Occupied HU | 1,305 (39.5%) |
| Renter Occupied HU | 1,645 (49.7%) |
| Vacant Housing Units | 357 (10.8%) |
| Median Home Value | $128,872 |
| Average Home Value | $180,489 |
Housing Distribution
Address Breakdown
Residential
3,212
Single Family
2,868
Multi-Family
344
Businesses
336
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
Single Family
Built in 1910
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68110, Omaha, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,307 (100%) |
| Owner Occupied HU | 1,305 (39.5%) |
| Renter Occupied HU | 1,645 (49.7%) |
| Vacant Housing Units | 357 (10.8%) |
| Median Home Value | $128,872 |
| Average Home Value | $180,489 |
Housing Distribution
Address Breakdown
Residential
3,212
Single Family
2,868
Multi-Family
344
Businesses
336
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Aaron Krier • BHHS Ambassador Real Estate
Mls Name: GPRMLS
Mls Provider:
Mls ID: #22605575
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