300 S 16th St APT 602OmahaNE68102
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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
Investment Highlights
Investment property for sale in Omaha at 300 S 16th St APT 602, Omaha, NE, 68102 uses $55,526 cash to close to unlock $2,325/yr annual cash flow and $194/mo monthly cash flow. Total monthly income runs $1,325/mo, and a $820/mo payment keeps the spread at $194/mo. Purchase price stands at $167,500, and rental yield measures 9.49% with $1,325/mo rent. Return on cash invested shows 24.1% in year one, and 5% annual appreciation builds toward $46,277 over five years. Five-year ROI reaches 126.02% and total cumulative return in cash records $69,976. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,325/mo property income covering a $820/mo payment rather than investor’s personal income.
Condo
Built in 1916
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68102, Omaha, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,538 (100%) |
| Owner Occupied HU | 635 ( 9.7%) |
| Renter Occupied HU | 4,585 (70.1%) |
| Vacant Housing Units | 1,318 (20.2%) |
| Median Home Value | $404,091 |
| Average Home Value | $408,202 |
Housing Distribution
Address Breakdown
Residential
6,435
Single Family
1,213
Multi-Family
5,222
Businesses
932
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