820 S Pine Ave. #220 Ave · Hastings, NE 68901

$65,000

4 bd · 2.0 ba · 1,440 sqft · Manufactured · 70 Days on market

Built 1985 Fair condition $45/sqft · 63% below area

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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 +4.0/5.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this nice 2 bed 1 bath unit. Newer flooring in the kitchen/dining room and living room. Open layout between kitchen and living room with tall ceilings. Windows are new within the last couple years. Roof is less then 5 years old. Newer washer and dryer that stays along with the kitchen appliances. Property includes a storage shed and two parking spots. Property is being sold "as is. "

Key facts

• Fenced backyard
• Corner lot
• Built 1985

Tags

• FENCED BACKYARD
• CORNER LOT
• DECKS ON BOTH FRONT AND BACK

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $65k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $915 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $65k).
• Recommended offer: $61k (6.0% below list) — sets the bar for market timing.
• Cap rate 23.2% vs local median 4.4% in Hastings — 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 79/100 on livability (#41 in NE, #2,188 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, amenities D-, commute F.
• Hastings Public Schools (town): math 38% / reading 42% proficiency, ranked #96 of 111 in NE (top 86%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 191 active listings in the ZIP; 217 units permitted in Adams County in 2024 (132 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask is 117% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $50k; 30% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $61,100 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. 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.
6. 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.
7. 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: 2.66% ✓
• Cap rate: 23.18%
• Cash-on-cash: 60.33%
• DSCR: 3.68
• GRM: 3.1

CMA / ARV

• ARV (median comp): $175,399
• List price: $65,000
• Delta: -62.94%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 59.1%
• Equity multiple: 3.62×
• Total profit: $47,768
• Equity at exit: $9,692

10-year hold

• IRR: 63.9%
• Equity multiple: 7.41×
• Total profit: $116,740
• 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 68901

• Active inventory: 191
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,727 medium
• Mortgage (P&I): −$341
• Tax est. 1.5%: −$81 /mo · $975/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$363
• Net cashflow: $915

Break-even live

Break-even rent $569

Max offer price $65,000

Occupancy floor 42%

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 21 events

1. 2026-06-18
   days on market $65,000 Active 70 DOM
2. 2026-06-17
   days on market $65,000 Active 69 DOM
3. 2026-06-16
   days on market $65,000 Active 68 DOM
4. 2026-06-15
   days on market $65,000 Active 67 DOM
5. 2026-06-13
   days on market $65,000 Active 65 DOM
6. 2026-06-12
   pricedays on market $65,000 Active 64 DOM
7. 2026-06-09
   days on market $79,000 Active 61 DOM
8. 2026-06-08
   days on market $79,000 Active 60 DOM
9. 2026-06-07
   days on market $79,000 Active 59 DOM
10. 2026-06-07
    days on market $79,000 Active 58 DOM
11. 2026-06-04
    days on market $79,000 Active 55 DOM
12. 2026-06-02
    days on market $79,000 Active 54 DOM
13. 2026-06-01
    remarks 699-char remark
14. 2026-06-01
    pricestatusdays on marketlisting id $79,000 Active 53 DOM
15. 2026-05-18
    status Pending 407-char remark

    Show marketing remark (407 chars)

    Welcome to this nice 2 bed 1 bath unit. Newer flooring in the kitchen/dining room and living room. Open layout between kitchen and living room with tall ceilings. Windows are new within the last couple years. Roof is less then 5 years old. Newer washer and dryer that stays along with the kitchen appliances. Property includes a storage shed and two parking spots. Property is being sold "as is. "

16. 2026-05-15
    price $79,000 707-char remark

    Show marketing remark (707 chars)

    Spacious 4-bedroom, 2-bath double-wide home offering 1,440 sq ft of comfortable living in Smitty's Trailer Park in Hastings, NE. This well-maintained home features a very large living room and an open kitchen/dining combination with a pantry, providing great space for everyday living and entertaining. The home has been remodeled within the last three years, giving it a fresh and updated feel. Enjoy outdoor living with decks on both the front and back of the home. The fenced backyard offers privacy and space for pets, play, or gardening. Situated on a desirable corner lot with a convenient parking pad. A great opportunity for affordable living with plenty of space both inside and out. Selling as-is.

17. 2026-05-12
    listed $30,000 Active 407-char remark

    Show marketing remark (407 chars)

    Welcome to this nice 2 bed 1 bath unit. Newer flooring in the kitchen/dining room and living room. Open layout between kitchen and living room with tall ceilings. Windows are new within the last couple years. Roof is less then 5 years old. Newer washer and dryer that stays along with the kitchen appliances. Property includes a storage shed and two parking spots. Property is being sold "as is. "

18. 2026-04-09
    listed $85,000 Active 707-char remark

    Show marketing remark (707 chars)

    Spacious 4-bedroom, 2-bath double-wide home offering 1,440 sq ft of comfortable living in Smitty's Trailer Park in Hastings, NE. This well-maintained home features a very large living room and an open kitchen/dining combination with a pantry, providing great space for everyday living and entertaining. The home has been remodeled within the last three years, giving it a fresh and updated feel. Enjoy outdoor living with decks on both the front and back of the home. The fenced backyard offers privacy and space for pets, play, or gardening. Situated on a desirable corner lot with a convenient parking pad. A great opportunity for affordable living with plenty of space both inside and out. Selling as-is.

19. 2023-02-25
    soldstatus $50,000 Closed
20. 2023-02-10
    historical
21. 2023-02-06
    listed $52,000

ⓘ 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 ≥102°F today · 17 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: $20,722
• − Mortgage interest: −$3,641
• − Property taxes: −$975
• − Insurance: −$325
• − Repairs & maintenance: −$1,658
• − Management: −$1,658
• − Depreciation: −$1,891
• Taxable income: $10,574
• Est. tax owed @ 24.0%: −$2,538
• After-tax cash flow: $8,442/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 · 1 photo

Fair 40/100 Moderate rehab

This manufactured home requires significant exterior and interior repairs, but has a good roof and bathrooms. Painting the exterior and replacing the carpet would significantly increase its value.

Repairs flagged

• Major exterior siding — Significant damage and wear
• Major flooring — Worn carpet in need of replacement
• Major interior walls — Painted walls with visible wear

Value-add opportunities

• Resale Paint exterior siding — Enhances curb appeal
• Rental Replace carpet — Improves living space comfort

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Significant damage and wear	Major	$15,000–50,000
flooring · Worn carpet in need of replacement	Major	$15,000–50,000
interior walls · Painted walls with visible wear	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Resale Paint exterior siding — Enhances curb appeal ↑
• Rental Replace carpet — Improves living space comfort ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Hastings Public Schools
• NCES district ID: 3171580
• Math proficiency: 38% ▼ -8.00%
• Reading proficiency: 42% ▼ -4.00%
• Median HH income: $42,942
• Composite: 33.81/100
• National rank: #5363
• State rank: #96 of 111 in NE

Livability — Hastings

• Score: 79/100
• State rank: #41
• US rank: #2188

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hastings, NE
• City population: 26,208
• Population (ZIP): 26,208

Population outlook (Adams County) Hauer SSP2

• Today (2025): 31,965 people
• By 2030: 32,079 · +0.4%
• By 2040: 31,999 · +0.1%
• By 2050: 31,586 · -1.2%
• By 2075: 30,856 · -3.5%
• By 2100: 29,948 · -6.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 14% Two or more races 8% Black 1% Asian 1%
• Hispanic origin (detail): Mexican 9% Cuban 1%
• Common ancestry: Lithuanian 2% Romanian 2% Italian 2%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 9% Vietnamese 1%

Political lean MEDSL · Adams

• 2024 margin: Solid R (+41.6) · D 28.5% · R 70.2% · Other 1.3%
• 2008→2024 swing: -14.6pp toward R · 2008: -27.0pp · 2024: -41.6pp
• All cycles: 2024: R+41.6 2020: R+40.1 2016: R+45.0 2012: R+34.1 2008: R+27.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -255.77%
• Current HPI: 232.0444
• 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

+51.9% since first listed

7 events — show timeline

• 2026-05-18 Pending — GMNMLS
• 2026-05-15 Price Changed $79,000 GIBOR
• 2026-05-12 Listed $30,000 GMNMLS
• 2026-04-09 Listed $85,000 GIBOR
• 2023-02-25 Sold (MLS) $50,000 GMNMLS
• 2023-02-10 Delisted — GMNMLS
• 2023-02-06 Listed $52,000 GMNMLS