902 S 38th AveOmahaNE68105
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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
Investment property for sale in Omaha at 902 S 38th Ave, Omaha, NE, 68105 offers a 11.33% rental yield on a $235,000 purchase with $2,219/mo rent. Total monthly income registers $2,219/mo, and a $1,150/mo payment leaves $632/mo available for distribution. Annual cash flow reaches $7,587/yr on $77,903 to close, and return on cash invested stands at 29.65% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 155.85% and total cumulative return in cash at $121,408. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,219/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1912
4,791 sqft 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 |
Housing Distribution
Address Breakdown
Residential
9,990
Single Family
7,184
Multi-Family
2,806
Businesses
370
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