5337 N 35th St · Omaha, NE 68111

$125,000

2 bd · 1.5 ba · 1,292 sqft · SingleFamily public records · 210 Days on market

Built 1920 Average condition 5,200 sqft lot $97/sqft · 35% below area Est $193k · 35% under

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +22.6/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +7.2/10.0
• 1% rule +6.2/10.0
• Livability +4.2/5.0
• Rent growth +3.3/5.0
• Condition / age +2.8/5.0
• Schools +1.5/10.0

Listing remarks MLS

Short sale opportunity with strong upside. This 3 bedroom, 2 bathroom home features a timeless all stone exterior and solid curb appeal. The main level offers durable LVP flooring and an updated kitchen with new cabinets and modern touches. A great option for buyers looking to build equity or investors seeking value. Property is being sold as a short sale and is subject to lender approval.

Key facts

• New cabinets
• Stone exterior
• Updated kitchen

Tags

• STONE EXTERIOR
• DURABLE LVP FLOORING
• UPDATED KITCHEN
• NEW CABINETS

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $125k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $212 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 4.1% in Omaha — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 84/100 on livability (#7 in NE, #663 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F.
• Omaha Public Schools (urban): math 20% / reading 28% proficiency, ranked #110 of 111 in NE (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Belvedere Elementary School (math 2% / reading 12%, grade F, #497 of 502 statewide, top 99%, 366 students, 0% FRL); Mc Millan Magnet Middle School (math 12% / reading 20%, grade F, #124 of 128 statewide, top 97%, 751 students, 0% FRL); North High School (math 21% / reading 25%, grade F, #247 of 261 statewide, top 95%, 1,796 students, 0% FRL) — zoned schools average 0% FRL vs 62% district-wide (62 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+3.2%/yr); 283 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 4,539 units permitted in Douglas County in 2024 (2,583 in 5+ unit buildings).
• This rent runs 40% of the median local income ($42k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $13k of equity ($864 loan paydown + $12k appreciation (10.0% local appreciation)).
• Douglas County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.2% rent growth), your $35k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 210 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 7y ago; this cycle's ask has dropped $24k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $110,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 210 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.12% ✓
• Cap rate: 8.33%
• Cash-on-cash: 7.28%
• DSCR: 1.32
• GRM: 7.5

CMA / ARV

• ARV (median comp): $193,045
• List price: $125,000
• Delta: -35.25%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5337 N 35th St	0.00mi	3/1.5 (+1)	1,292 (0%)	1mo	$124,000	$96	94
4930 N 33rd Ave	0.27mi	3/2.0 (+1)	1,293 (+0%)	5mo	$186,000	$144	76
5805 N 36th St	0.26mi	3/1.0 (+1)	1,200 (-7%)	2mo	$181,500	$151	67
3046 Arcadia Ave	0.47mi	2/1.0	1,229 (-5%)	2mo	$169,000	$138	66
4034 Browne St	0.50mi	3/2.0 (+1)	1,235 (-4%)	1mo	$173,000	$140	61
3468 Fowler Cir	0.43mi	3/1.5 (+1)	1,220 (-6%)	5mo	$225,000	$184	61
3624 Laurel Ave	0.33mi	2/1.0	1,142 (-12%)	4mo	$92,500	$81	59
4034 Browne St	0.50mi	3/2.0 (+1)	1,235 (-4%)	4mo	$170,000	$138	59
2873 Ellison Ave	0.51mi	3/1.0 (+1)	1,348 (+4%)	4mo	$90,000	$67	58
4526 N 40th St	0.69mi	3/2.0 (+1)	1,276 (-1%)	3mo	$269,000	$211	56
3302 Larimore Ave	0.41mi	3/2.0 (+1)	1,404 (+9%)	6mo	$137,000	$98	55
6519 N 36 St	0.73mi	3/2.0 (+1)	1,382 (+7%)	4mo	$228,000	$165	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.22% rent growth · sell at horizon

5-year hold

• IRR: 29.7%
• Equity multiple: 3.34×
• Total profit: $81,944
• Equity at exit: $112,610

10-year hold

• IRR: 25.8%
• Equity multiple: 7.61×
• Total profit: $231,391
• Equity at exit: $242,848

Cash invested: $35,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Nebraska: 83 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempted; moderate court pace.

Methodology + full state rankings →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 31 active · 35 under contract
• Months of supply: 5.6 mo (18%/mo absorbed)
• Median asking: $165,000 ($139/sqft)
• Median days on market: 50 d
• This list price: 3% of active listings are priced below it
• ARV vs active asking: +7.7% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 68111

• Home prices YoY: 4.0%
• Rents YoY: 3.2%
• Active inventory: 283
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,397 high
• Mortgage (P&I): −$656
• Tax from tax record: −$184 /mo · $2,205/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $212

Break-even live

Break-even rent $1,128

Max offer price $125,000

Occupancy floor 80%

Sensitivity live

Price	-10% $283	-5% $248	+0% $212	+5% $177	+10% $141
Rent	-10% $102	-5% $157	+0% $212	+5% $267	+10% $323
Rate	-1.0pp $275	-0.5pp $244	base $212	+0.5pp $180	+1.0pp $147

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $31,250
• Closing costs: $3,750
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4921 N 34th Ave Omaha, NE	3.0	1.5	1400	$1,350	$0.96	6d	1	0.29mi
4529 N 36th Ave Omaha, NE	3.0	1.0	1000	$1,455	$1.46	2d	1	0.52mi
4529 N 36th Ave Omaha, NE	3.0	1.0	1000	$1,455	$1.46	7d	1	0.52mi
4738 N 40th St Omaha, NE	2.0	1.0	961	$1,295	$1.35	10d	1	0.53mi
4517 N 36th Ave Omaha, NE	2.0	2.0	1200	$1,375	$1.15	10d	1	0.55mi
4707 N 40th Ave Omaha, NE	3.0	1.0	1337	$1,500	$1.12	162d	1	0.60mi
3901 Curtis Ave Omaha, NE	2.0	2.5	1745	$1,650	$0.95	10d	1	0.61mi
6124 N 30th St Apt 2 Omaha, NE	2.0	1.0	1190	$995	$0.84	10d	1	0.64mi
2873 Kansas Ave Omaha, NE	3.0	2.0	1112	$1,450	$1.30	164d	1	0.64mi
4546 N 41st St Omaha, NE	3.0	1.0	1225	$1,300	$1.06	10d	1	0.70mi
4322 N 39th St Omaha, NE	3.0	1.0	1142	$1,050	$0.92	24d	1	0.74mi
6531 N 34th St Omaha, NE	3.0	2.0	1600	$1,300	$0.81	2d	1	0.74mi
3017 Huntington Ave Omaha, NE	2.0	1.0	952	$1,500	$1.58	51d	1	0.81mi
6603 N 30th St Omaha, NE	3.0	1.0	1100	$1,575	$1.43	107d	1	0.86mi
4018 Bauman Ave Omaha, NE	3.0	1.0	925	$1,400	$1.51	1d	1	0.86mi
4018 Bauman Ave Omaha, NE	3.0	1.0	925	$1,380	$1.49	184d	1	0.86mi
4470 Redman Ave Unit 4470A Omaha, NE	2.0	1.5	980	$1,050	$1.07	151d	1	0.88mi
6735 N 34th St Omaha, NE	3.0	1.5	1280	$1,200	$0.94	5d	1	0.89mi
4010 Newport Ave Omaha, NE	3.0	1.0	1500	$1,550	$1.03	122d	1	0.90mi
2436 Laurel Ave Omaha, NE	3.0	1.0	1582	$1,495	$0.95	164d	1	0.91mi
4239 Redick Ave Omaha, NE	3.0	1.0	1500	$1,650	$1.10	123d	1	0.92mi
4484 Redman Ave Unit 4488H Omaha, NE	3.0	1.5	1040	$1,100	$1.06	52d	1	0.92mi
6749 N 34th St Omaha, NE	3.0	1.5	1068	$1,250	$1.17	1d	1	0.92mi
2439 Larimore Ave Omaha, NE	2.0	1.0	940	$925	$0.98	116d	1	0.93mi
3421 Martin Ave Omaha, NE	2.0	1.0	1300	$1,355	$1.04	116d	1	0.95mi
3930 N 39th St Omaha, NE	3.0	1.0	1202	$1,580	$1.31	0d	1	0.95mi
5411 N 24th St Omaha, NE	2.0	1.0	950	$1,225	$1.29	25d	1	0.96mi
3164 Ida St Omaha, NE	3.0	1.0	946	$1,600	$1.69	184d	1	0.96mi
3164 Ida St Omaha, NE	3.0	1.0	946	$1,600	$1.69	151d	1	0.96mi
3164 Ida St Omaha, NE	3.0	1.0	946	$1,600	$1.69	116d	1	0.96mi
3164 Ida St Omaha, NE	3.0	1.0	946	$1,600	$1.69	8d	1	0.96mi
3607 Ernst St Omaha, NE	2.0	1.0	1072	$1,350	$1.26	1d	1	0.97mi
6808 N 30th St Omaha, NE	2.0	1.0	1200	$1,320	$1.10	116d	1	0.97mi
6916 N 33rd St Omaha, NE	3.0	1.0	1100	$1,550	$1.41	0d	1	0.97mi
2723 Newport Ave Omaha, NE	2.0	1.0	1079	$1,450	$1.34	130d	1	0.99mi
3947 N 41st St Omaha, NE	3.0	2.0	1384	$1,400	$1.01	10d	1	0.99mi
3745 N 39th St Omaha, NE	3.0	2.0	1107	$1,150	$1.04	2d	1	1.03mi
4657 Camden Ave Omaha, NE	3.0	1.0	1250	$1,500	$1.20	184d	1	1.06mi
4655 Curtis Ave Omaha, NE	3.0	2.0	1800	$1,800	$1.00	10d	1	1.07mi
3753 N 42nd St Omaha, NE	3.0	2.0	1459	$1,700	$1.17	52d	1	1.12mi

Listing history 50 events

1. 2026-10-15
   days on market $125,000 Active 210 DOM
2. 2026-10-14
   days on market $125,000 Active 209 DOM
3. 2026-10-13
   days on market $125,000 Active 208 DOM
4. 2026-10-12
   days on market $125,000 Active 207 DOM
5. 2026-10-11
   days on market $125,000 Active 206 DOM
6. 2026-10-10
   days on market $125,000 Active 205 DOM
7. 2026-10-09
   days on market $125,000 Active 204 DOM
8. 2026-10-08
   days on market $125,000 Active 203 DOM
9. 2026-10-07
   days on market $125,000 Active 202 DOM
10. 2026-10-06
    days on market $125,000 Active 201 DOM
11. 2026-10-05
    days on market $125,000 Active 200 DOM
12. 2026-10-04
    days on market $125,000 Active 199 DOM
13. 2026-10-04
    days on market $125,000 Active 198 DOM
14. 2026-10-02
    days on market $125,000 Active 197 DOM
15. 2026-10-01
    days on market $125,000 Active 196 DOM
16. 2026-09-30
    days on market $125,000 Active 195 DOM
17. 2026-09-29
    days on market $125,000 Active 194 DOM
18. 2026-09-28
    days on market $125,000 Active 193 DOM
19. 2026-09-27
    days on market $125,000 Active 192 DOM
20. 2026-09-25
    days on market $125,000 Active 190 DOM
21. 2026-09-24
    days on market $125,000 Active 189 DOM
22. 2026-09-23
    days on market $125,000 Active 188 DOM
23. 2026-09-22
    days on market $125,000 Active 187 DOM
24. 2026-09-21
    days on market $125,000 Active 186 DOM
25. 2026-09-20
    days on market $125,000 Active 185 DOM
26. 2026-09-19
    days on market $125,000 Active 184 DOM
27. 2026-09-18
    days on market $125,000 Active 183 DOM
28. 2026-09-17
    days on market $125,000 Active 182 DOM
29. 2026-09-16
    days on market $125,000 Active 181 DOM
30. 2026-09-15
    days on market $125,000 Active 180 DOM
31. 2026-09-14
    days on market $125,000 Active 179 DOM
32. 2026-09-13
    days on market $125,000 Active 178 DOM
33. 2026-09-12
    days on market $125,000 Active 177 DOM
34. 2026-09-11
    days on market $125,000 Active 176 DOM
35. 2026-09-05
    days on market $125,000 Active 170 DOM
36. 2026-09-04
    days on market $125,000 Active 169 DOM
37. 2026-09-03
    days on market $125,000 Active 168 DOM
38. 2026-08-31
    days on market $125,000 Active 165 DOM
39. 2026-08-30
    days on market $125,000 Active 164 DOM
40. 2026-08-29
    days on market $125,000 Active 163 DOM
41. 2026-08-28
    days on market $125,000 Active 162 DOM
42. 2026-08-27
    days on market $125,000 Active 161 DOM
43. 2026-08-26
    days on market $125,000 Active 160 DOM
44. 2026-08-25
    days on market $125,000 Active 159 DOM
45. 2026-08-24
    days on market $125,000 Active 158 DOM
46. 2026-08-23
    days on market $125,000 Active 157 DOM
47. 2026-08-22
    days on market $125,000 Active 156 DOM
48. 2026-08-21
    days on market $125,000 Active 155 DOM
49. 2026-08-20
    days on market $125,000 Active 154 DOM
50. 2026-08-19
    days on market $125,000 Active 153 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NE · Resets to sale price

• Current annual tax: $2,205 · $184/mo
• Projected year-2 tax: $2,205 · $184/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥105°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,764
• − Mortgage interest: −$7,002
• − Property taxes: −$2,205
• − Insurance: −$625
• − Repairs & maintenance: −$1,341
• − Management: −$1,341
• − Depreciation: −$3,636
• Taxable income: $613
• Est. tax owed @ 24.0%: −$147
• After-tax cash flow: $2,400/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 9 photos

Average 55/100 Moderate rehab Est. rehab $32,300–$58,140 screening

This 3-bedroom home requires moderate renovations to update the kitchen and bathroom, and paint the exterior. These updates will significantly enhance its resale and rental value.

Components & finishes AI

Roof asphalt shingle · good Flooring carpet Counters laminate Appliances white HVAC central · new lt5

Repairs flagged

• Moderate kitchen cabinets — dated and in need of updating
• Major bathroom fixtures — barely functional and missing

Value-add opportunities

• Resale update kitchen cabinets — modernizing the kitchen ↑
• Resale update bathroom fixtures — functional and attractive ↑
• Both paint exterior — enhances curb appeal and resale value ↑
• Both replace HVAC — improves comfort and energy efficiency ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 15/100

Zoned Schools

Elementary Belvedere Elementary School F NE #497/502 Nat'l #40,092/41,679 Middle Mc Millan Magnet Middle School F NE #124/128 Nat'l #12,486/14,009 High North High School F NE #247/261 Nat'l #13,542/17,239

Schools (NCES district)

• District: Omaha Public Schools
• NCES district ID: 3174820
• Math proficiency: 20% ▼ -10.00%
• Reading proficiency: 28% ▼ -5.00%
• Median HH income: $46,039
• Composite: 20.83/100
• National rank: #8502
• State rank: #110 of 111 in NE

A Composite livability gradescore 84/100

Livability — Omaha

• Score: 84/100
• State rank: #7
• US rank: #663

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment B- Housing A+ Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Omaha, NE
• County: Douglas County · 625,245 people
• City population: 552,986
• Metro: Omaha-Council Bluffs, NE-IA
• Population (ZIP): 24,210
• Household income: $42,185
• Rent vs Own: 60.3% rent · 39.7% own
• Severe rent burden: 14% of renters

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Population outlook (Douglas County) Hauer SSP2

• Today (2025): 625,245 people
• By 2030: 661,613 · +5.8%
• By 2040: 732,395 · +17.1%
• By 2050: 801,988 · +28.3%
• By 2075: 968,637 · +54.9%
• By 2100: 1,101,871 · +76.2%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Black 52% Hispanic / Latino 21% White 17% Two or more races 15% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 14%
• Languages at home: 75% English-only · Spanish 16% Other Asian/Pacific 3% French/Haitian/Cajun 1%

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Political lean MEDSL · Douglas

• 2024 margin: D (+10.2) · D 54.4% · R 44.2% · Other 1.4%
• 2008→2024 swing: +5.5pp toward D · 2008: 4.6pp · 2024: 10.2pp
• All cycles: 2024: D+10.2 2020: D+11.3 2016: D+1.4 2012: R+4.3 2008: D+4.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 13.82%
• Current HPI: 358.7174
• Rent YoY: ▲ 3.22%
• Metro: Omaha-Council Bluffs, NE-IA
• State GDP YoY: ▲ 0.68%
• F500 in state: 2

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Industry mix (Fortune 500 HQ in NE)

Industry	F500 HQs	Revenue
▸Conglomerate	1	$371B

Price history

+40.4% since first listed

17 events — show timeline

• 2026-04-02 Price Changed $139,000 GPRMLS
• 2026-03-04 Listed $149,000 GPRMLS
• 2026-02-01 Listing Removed — GPRMLS
• 2025-12-08 Price Changed $159,900 GPRMLS
• 2025-10-31 Listed $164,900 GPRMLS
• 2024-10-31 Sold (Public Records) $160,000 Public Records
• 2024-10-08 Sold (MLS) $160,000 GPRMLS
• 2024-09-09 Pending — GPRMLS
• 2024-08-30 Listed $165,000 GPRMLS
• 2020-10-16 Listing Removed — GPRMLS
• 2020-09-11 Listed $118,000 GPRMLS
• 2019-11-05 Sold (Public Records) $99,000 Public Records
• 2019-11-01 Sold (MLS) $99,000 GPRMLS
• 2019-09-23 Pending — GPRMLS
• 2019-09-03 Relisted — GPRMLS
• 2019-08-12 Pending — GPRMLS
• 2019-08-05 Listed $99,000 GPRMLS

Property tax history

+15.2%/yr

Latest (2025): $2,205 · +0.4% YoY. Source: county tax records.