703 S 38th StOmahaNE68105
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 703 S 38th St, Omaha, NE, 68105 in Omaha clears it at 1.64, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 8.83%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $74,320; $2,478/yr in principal equity; total projected return: $99,697.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.2% |
| Monthly Cash Flow | $(62) | $450 |
City averages based on Omaha market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,980 |
| Total Monthly Debt Service | $1,934 |
| DSCR Ratio | 1.02x |
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.
Townhouse
Built in 1982
1,611 sqft lot
$N/A/sqft
$225 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
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
Townhouse
Built in 1982
1,611 sqft lot
$N/A/sqft
$225 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Maier Pavel • Better Homes and Gardens R.E.
Mls Name: GPRMLS
Mls Provider:
Mls ID: #22524722
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