312 S 16th St APT 804OmahaNE68102
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowMost investment properties struggle to clear the 1.25x DSCR minimum. 312 S 16th St APT 804, Omaha, NE, 68102 in Omaha clears it at 1.88, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 10.14%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $55,256; $1,842/yr in principal equity; total projected return: $72,359.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.2% |
| Monthly Cash Flow | $(92) | $450 |
City averages based on Omaha market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,691 |
| Total Monthly Debt Service | $1,703 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 1918
N/A lot
$N/A/sqft
$432 monthly 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
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
Condo
Built in 1918
N/A lot
$N/A/sqft
$432 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices