Need a REALTOR® for your

Omaha Area investment property?

OutofTownLandLord connects you with Omaha’s very best property investment specialists. A licensed, experienced, dedicated REALTOR® who will deliver stunning results and stellar service. Learn about the REALTOR® and the Omaha area market below.

Chris Egan, REALTOR®

Omaha Investment Specialist

State: Nebraska

Counties: Douglas, Sarpy, Washington

Cities and Towns: Omaha, Papillion, La Vista, Bellevue, Elkhorn, Gretna, Bennington

Real Estate Experience: 9 years

Company: Berkshire Hathaway Home Services Ambassador Real Estate

About Chris Egan

I started in real estate in 2007 after graduating from college. I joined my father in the business; he has been a licensed agent and investor since 1980. I love helping other investors achieve their goals through real estate investing. I personally buy single family rentals mostly in the midtown Omaha area. I try to by one new rental every couple of years. As an agent I work with a number of investors. Most of them subscribe to the buy and hold philosophy buying residential single-families and some multi-families. I also work with some clients who buy to flip.

About the Omaha Area Market

Market Overview

The Midwest and more specifically Omaha, Nebraska is a fabulous market to invest in real estate. Here in Omaha our existing home median price is $161,500. The median rent for a single family home is $1,289. Our unemployment rate in Omaha is very low at 2.7%. We have a very diverse economy with many different industries, making Omaha a very attractive market to invest in. Our market has remained stable over the years with typical application around 3.5%. In 2008 and 2009 our average sales price was down 10%-15% so we fared much better than other markets around the country.

Investment Price Points in Omaha

In Omaha our entry price point for most properties is about $75,000. For a property in that price range you can expect to rent it between $600-$900 per month. The vast majority of investors I work with including myself will buy single family homes between $90,000-$160,000. These properties will typically rent between $900-$1,600 a month. These properties seem to be the most popular because you are buying a quality property and also maximizing your rental return. Over $160,000 the rents do not seem to keep pace with price of the property unless they are multi-family properties.

Omaha Sample Properties

These recently settled homes are examples of what you can find in our market.

The sale prices are the actual sold prices, and the rents are what these types of homes could rent for in today’s market.

Entry Level

Sample 1Sample 2Sample 3
Town Omaha Omaha Omaha
Type (SF, TH, Condo, Multi) SF SF SF
Est. Sale Price $80,000 $50,000 $75,000
Est. Taxes (Monthly) $152 $101 $110
Est. Insurance (Monthly) $80 $55 $65
Est. HOA and/or Condo Fee (Monthly) N/A N/A N/A
Est. Rent (Monthly) $900 $700 $710
Age (Year Built) 1955 1900 1900
Approx. Sq.ft. 1,264 800 1,100
Bedrooms/Full Baths/Half Baths 3/2 2/1 3/2
Garage 1 1 0
Lot Size 134x50 60x60 67x50

Mid Level Price Points

Sample 1Sample 2Sample 3
Town Omaha Omaha Omaha
Type (SF, TH, Condo, Multi) SF SF TH
Est. Sale Price $115,000 $130,000 $140,000
Est. Taxes (Monthly) $169 $218 $238
Est. Insurance (Monthly) $80 $90 $55
Est. HOA and/or Condo Fee (Monthly) N/A N/A $105
Est. Rent (Monthly) $1,100 $1,200 $1,300
Age (Year Built) 1970 1960 2008
Approx. Sq.ft. 1,186 1,542 1,180
Bedrooms/Full Baths/Half Baths 3/1 3/2 2/2
Garage
Lot Size

Upper Level Price Points

Sample 1Sample 2Sample 3
Town Omaha Omaha Omaha
Type (SF, TH, Condo, Multi) SF SF SF
Est. Sale Price $165,000 $200,000 $208,000
Est. Taxes (Monthly) $295 $378 $325
Est. Insurance (Monthly) $90 $90 $88
Est. HOA and/or Condo Fee (Monthly) N/A N/A N/A
Est. Rent (Monthly) $1,350 $1,600 $1,550
Age (Year Built) 2004 1962 1974
Approx. Sq.ft. 1,400 1,772 1,805
Bedrooms/Full Baths/Half Baths 3/2 3/2 3/3
Garage 2 2 2
Lot Size 100x65 120x140 128x110

Let's Talk!

Copyright © 2017 | Information deemed reliable, but not guaranteed. | Privacy Policy
Real Estate Web Design by Dakno Marketing.