16619 Locust St, Omaha, NE, 68116 | 6.43% Rental Yield

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Omaha at 16619 Locust St, Omaha, NE, 68116 generates $2,640/mo in rent, after a $2,413/mo payment. Total monthly income is $2,640/mo. Return on cash invested sits at 14.85% in year one, and rental yield is 6.43% on a $493,054 entry. Equity gained on principal adds $3,182/yr, while 5% annual appreciation builds toward $136,222 over five years. Five-year ROI reaches 76.43% and total cumulative return in cash sums $124,931. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,640/mo property income rather than buyer’s personal income.

Single Family

Built in 2025

0.27 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 68116, Omaha, NE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,323 (100%)
Owner Occupied HU	10,272 (71.7%)
Renter Occupied HU	3,572 (24.9%)
Vacant Housing Units	479 ( 3.3%)
Median Home Value	$348,887
Average Home Value	$365,050