500 S 37th St APT 502OmahaNE68105
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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 500 S 37th St APT 502, Omaha, NE, 68105 generates $1,527/mo in rent, after a $1,077/mo payment. Total monthly income is $1,527/mo. Return on cash invested sits at 11.01% in year one, and rental yield is 8.33% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 59.38% and total cumulative return in cash sums $43,307. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,527/mo property income rather than buyer’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
$582 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68105, Omaha, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,208 (100%) |
| Owner Occupied HU | 3,994 (35.6%) |
| Renter Occupied HU | 6,109 (54.5%) |
| Vacant Housing Units | 1,105 ( 9.9%) |
| Median Home Value | $236,765 |
| Average Home Value | $262,307 |
Housing Distribution
Address Breakdown
Residential
9,990
Single Family
7,184
Multi-Family
2,806
Businesses
370
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Listed by: Tim Reeder • Better Homes and Gardens R.E.
Mls Name: GPRMLS
Mls Provider:
Mls ID: #22504625
Disclaimer: Listing information is provided by Participants of the Great Plains Regional Multiple Listing Service Inc. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Great Plains Regional Multiple Listing Service, Inc.