16178 Wakeley StOmahaNE68118
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 16178 Wakeley St, Omaha, NE, 68118 in Omaha hard to pass up. The 10.13% gross yield on a $395,000 purchase results in $3,335/mo in rent and $661/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.88). Annual cash flow of $7,934, five-year appreciation of $109,131, and $3,638/yr in equity build-up combine for a projected total cumulative return of $193,368.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.2% |
| Monthly Cash Flow | $661 | $450 |
City averages based on Omaha market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,335 |
| Total Monthly Debt Service | $2,516 |
| DSCR Ratio | 1.33x |
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 1991
7,840 sqft lot
$N/A/sqft
$75 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68118, Omaha, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,660 (100%) |
| Owner Occupied HU | 2,972 (81.2%) |
| Renter Occupied HU | 596 (16.3%) |
| Vacant Housing Units | 92 ( 2.5%) |
| Median Home Value | $372,003 |
| Average Home Value | $422,129 |
Housing Distribution
Address Breakdown
Residential
3,710
Single Family
3,307
Multi-Family
403
Businesses
337
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 1991
7,840 sqft lot
$N/A/sqft
$75 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68118, Omaha, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,660 (100%) |
| Owner Occupied HU | 2,972 (81.2%) |
| Renter Occupied HU | 596 (16.3%) |
| Vacant Housing Units | 92 ( 2.5%) |
| Median Home Value | $372,003 |
| Average Home Value | $422,129 |
Housing Distribution
Address Breakdown
Residential
3,710
Single Family
3,307
Multi-Family
403
Businesses
337
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices