72934 O Rd · Holdrege, NE 68949

$65,000

3 bd · 3.0 ba · 1,904 sqft · Manufactured public records · 4 Days on market

Built 1994 2.05 ac lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• Schools +4.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity awaits on this 2-acre property located just outside of town. This 3-bedroom, 3-bathroom home offers a spacious layout, including a basement, and is ready for its next owner's vision and updates. The property is served by a shared well and provides ample outdoor space with room to enhance and add value. Being sold AS IS, this property presents an excellent opportunity for investors, renovators, or buyers looking to build equity through improvements. Schedule a showing today to explore the potential this property has to offer.

Key facts

• 2 acre property
• Outdoor space
• 2.05 acre lot

Tags

• 2 ACRE PROPERTY
• OUTDOOR SPACE

Property features AI

Finance

• Other: Listing broker: Brell Realty & Auction; Listing agent contact: Cell 308-320-5577

Exterior

• Parking: Attached 2-car garage
• Home design: Acreage / Land property
• Exterior features: Approximately 2.05-acre parcel; Zoned R

Interior

• Bathrooms: Three bathrooms on the main level
• Interior features: Basement

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath manufactured listed at $65k.

Deal economics

• At list price, monthly cash flow is $493 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).

Location & tenants

• Location reads 85/100 on livability (#3 in NE, #473 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute C-, amenities D-.
• Holdrege Public Schools (town): math 46% / reading 51% proficiency, ranked #71 of 111 in NE (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 16 active listings in the ZIP; 9 units permitted in Phelps County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Phelps County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $65,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
3. 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.
4. 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.
5. 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: 1.83% ✓
• Cap rate: 15.39%
• Cash-on-cash: 32.50%
• DSCR: 2.45
• GRM: 4.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 27.6%
• Equity multiple: 2.15×
• Total profit: $20,879
• Equity at exit: $9,692

10-year hold

• IRR: 35.1%
• Equity multiple: 4.22×
• Total profit: $58,679
• Equity at exit: $5,620

Cash invested: $18,200 (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 →

ZIP-level market 68949

• Home prices YoY: -27.6%
• Active inventory: 16
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,193 medium
• Mortgage (P&I): −$341
• Tax est. 1.5%: −$81 /mo · $975/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$250
• Net cashflow: $493

Break-even live

Break-even rent $569

Max offer price $65,000

Occupancy floor 54%

Sensitivity live

Price	-10% $538	-5% $515	+0% $493	+5% $470	+10% $448
Rent	-10% $399	-5% $446	+0% $493	+5% $540	+10% $587
Rate	-1.0pp $526	-0.5pp $509	base $493	+0.5pp $476	+1.0pp $459

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-06-18
   status $65,000 Pending 4 DOM
2. 2026-06-18
   days on market $65,000 Active 4 DOM
3. 2026-06-17
   days on market $65,000 Active 3 DOM
4. 2026-06-16
   days on market $65,000 Active 2 DOM
5. 2026-06-15
   remarks 542-char remark
6. 2026-06-15
   listed $65,000 Active 1 DOM

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

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 ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,311
• − Mortgage interest: −$3,641
• − Property taxes: −$975
• − Insurance: −$325
• − Repairs & maintenance: −$1,145
• − Management: −$1,145
• − Depreciation: −$1,891
• Taxable income: $5,189
• Est. tax owed @ 24.0%: −$1,245
• After-tax cash flow: $4,670/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.

Schools (NCES district)

• District: Holdrege Public Schools
• NCES district ID: 3171940
• Math proficiency: 46% ▼ -14.00%
• Reading proficiency: 51% ▼ -6.00%
• Median HH income: $47,244
• Composite: 41.26/100
• National rank: #3526
• State rank: #71 of 111 in NE

Livability — Holdrege

• Score: 85/100
• State rank: #3
• US rank: #473

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 6,695

Population outlook (Phelps County) Hauer SSP2

• Today (2025): 9,397 people
• By 2030: 9,453 · +0.6%
• By 2040: 9,596 · +2.1%
• By 2050: 9,739 · +3.6%
• By 2075: 10,836 · +15.3%
• By 2100: 11,525 · +22.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 8% Two or more races 6%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Portuguese 4% Lithuanian 3% Romanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5% German/W. Germanic 1%

Political lean MEDSL · Phelps

• 2024 margin: Solid R (+68.5) · D 15.3% · R 83.8%
• 2008→2024 swing: -16.8pp toward R · 2008: -51.6pp · 2024: -68.5pp
• All cycles: 2024: R+68.5 2020: R+67.8 2016: R+70.8 2012: R+57.6 2008: R+51.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -96.75%
• Current HPI: 253.3301
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 0.68%
• F500 in state: 2

Industry mix (Fortune 500 HQ in NE)

Industry	F500 HQs	Revenue
▸Conglomerate	1	$371B

Price history

1 event — show timeline

• 2026-06-14 Listed $65,000 GMNMLS

Property tax history

-43.0%/yr

Latest (2018): $102 · -93.4% YoY. Source: county tax records.