6120 Spencer StOmahaNE68104
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 6120 Spencer St, Omaha, NE, 68104 in Omaha. Priced at $165,900, it generates $2,026/mo in gross rent and $905/mo in net monthly cash flow, a 14.65% yield that comfortably supports the 2.72 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $10,864. Five-year appreciation: $45,835. Equity from principal paydown: $1,528/yr. Total projected cumulative return: $121,605.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.7% | 6.2% |
| Monthly Cash Flow | $905 | $450 |
City averages based on Omaha market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,026 |
| Total Monthly Debt Service | $1,054 |
| DSCR Ratio | 1.92x |
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 1946
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68104, Omaha, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,078 (100%) |
| Owner Occupied HU | 8,016 (53.2%) |
| Renter Occupied HU | 6,094 (40.4%) |
| Vacant Housing Units | 968 ( 6.4%) |
| Median Home Value | $208,494 |
| Average Home Value | $276,979 |
Housing Distribution
Address Breakdown
Residential
14,620
Single Family
12,834
Multi-Family
1,786
Businesses
617
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 1946
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 68104, Omaha, NE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,078 (100%) |
| Owner Occupied HU | 8,016 (53.2%) |
| Renter Occupied HU | 6,094 (40.4%) |
| Vacant Housing Units | 968 ( 6.4%) |
| Median Home Value | $208,494 |
| Average Home Value | $276,979 |
Housing Distribution
Address Breakdown
Residential
14,620
Single Family
12,834
Multi-Family
1,786
Businesses
617
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices