2005 40th StOmahaNE68111
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.22% yield at 2005 40th St, Omaha, NE, 68111 in Omaha is solid, but the $1,077/mo payment compresses net cash flow to $24/mo at $239,500. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $66,169 by year five, and $2,206/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.52) without U.S. income documentation. Total projected return: $92,914.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 6.2% |
| Monthly Cash Flow | $24 | $450 |
City averages based on Omaha market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,641 |
| Total Monthly Debt Service | $1,522 |
| DSCR Ratio | 1.08x |
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 2025
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68111, Omaha, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,463 (100%) |
| Owner Occupied HU | 3,791 (36.2%) |
| Renter Occupied HU | 5,582 (53.3%) |
| Vacant Housing Units | 1,090 (10.4%) |
| Median Home Value | $99,711 |
| Average Home Value | $155,238 |
Housing Distribution
Address Breakdown
Residential
9,185
Single Family
8,927
Multi-Family
258
Businesses
370
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 2025
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68111, Omaha, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,463 (100%) |
| Owner Occupied HU | 3,791 (36.2%) |
| Renter Occupied HU | 5,582 (53.3%) |
| Vacant Housing Units | 1,090 (10.4%) |
| Median Home Value | $99,711 |
| Average Home Value | $155,238 |
Housing Distribution
Address Breakdown
Residential
9,185
Single Family
8,927
Multi-Family
258
Businesses
370
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices