3318 Myrtle AveOmahaNE68131
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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
Rental property for sale in Omaha at 3318 Myrtle Ave, Omaha, NE, 68131 generates $1,409/mo in rent and, after a $998/mo payment, leaves $32/mo in cash flow. Total monthly income is $1,409/mo, and annual cash flow is $383/yr on $67,626 invested. Return on cash invested sits at 20.48% in year one, and rental yield is 8.29% on a $204,000 entry. Equity gained on principal adds $1,316/yr, while 5% annual appreciation builds toward $56,361 over five years. Five-year ROI reaches 106.6% and total cumulative return in cash sums $72,088. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,409/mo property income rather than buyer’s personal income.
Single Family
Built in 1908
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68131, Omaha, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,991 (100%) |
| Owner Occupied HU | 1,552 (19.4%) |
| Renter Occupied HU | 5,369 (67.2%) |
| Vacant Housing Units | 1,070 (13.4%) |
| Median Home Value | $266,423 |
| Average Home Value | $329,447 |
Housing Distribution
Address Breakdown
Residential
7,068
Single Family
3,351
Multi-Family
3,717
Businesses
639
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