640 S 38th St, Omaha, NE, 68105 | Equity Gain $6,453/yr

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Omaha at 640 S 38th St, Omaha, NE, 68105 offers a 1.58% rental yield on a $1,000,000 purchase with $1,320/mo rent. 24% in year one. Equity gained on principal adds $6,453/yr while 5% annual appreciation supports $276,282 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,320/mo property income against a $4,895/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1951

0.32 Acres lot

$N/A/sqft

No 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