5418 N 189th St · Omaha, NE 68022

$399,990

4 bd · 2.5 ba · 2,053 sqft · Other · 172 Days on market

Built 2025 $195/sqft · at area comps Est $389k · at est. ↓ 52% since listing

---

Why this score? — see what drove the D 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 +11.7/30.0
• Schools +6.9/10.0
• ARV discount +6.2/15.0
• Livability +4.2/5.0
• Rent growth +3.6/5.0
• DSCR +3.4/10.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step inside 5418 N 189th St in Belterra, Elkhorn, NE - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of thoughtfully crafted living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy and convenient entertaining. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The oversized primary suite, located at the front, over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Enclave Flats in Elkhorn today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

Key facts

• Large windows
• Sliding glass doors
• Flex room

Tags

• FLEX ROOM
• ELECTRIC FIREPLACE
• LARGE WINDOWS
• SLIDING GLASS DOORS
• LARGE WALK-IN PANTRY
• STAINLESS STEEL APPLIANCES

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath other listed at $400k.

Deal economics

• At list price, monthly cash flow is $-117 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $379k (5.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $280k (29.9% below list).
• Recommended offer: $280k (29.9% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 3.6% 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.
• Elkhorn Public Schools (urban): math 77% / reading 76% proficiency, ranked #1 of 111 in NE (top 1%) — strong family-tenant draw, lease renewals of 3-5y typical; only 5% free/reduced lunch — higher-income household profile.
• Zoned schools: Hillrise Elementary School (math 67% / reading 77%, grade A-, #27 of 502 statewide, top 7%, 341 students, 23% FRL); Elkhorn Middle School (math 68% / reading 61%, grade A-, #10 of 128 statewide, top 8%, 607 students, 20% FRL); Elkhorn High School (math 77% / reading 72%, grade B+, #10 of 261 statewide, top 4%, 741 students, 16% FRL).
• Market conditions: Rents rising fast (+4.2%/yr); 794 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 4,539 units permitted in Douglas County in 2024 (2,583 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.
• Douglas County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 172 days — a 12% lower offer ($352k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask is 7% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $280,256 (29.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 172 days. Have you received any prior offers? Is the seller open to a 30% concession, seller financing, or rate buy-down credit?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.70% ✗
• Cap rate: 5.94%
• Cash-on-cash: -1.26%
• DSCR: 0.94
• GRM: 11.9

CMA / ARV

• ARV (median comp): $389,171
• List price: $399,990
• Delta: 2.78%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.25% rent growth · sell at horizon

5-year hold

• IRR: -17.3%
• Equity multiple: 0.38×
• Total profit: $-68,949
• Equity at exit: $59,640

10-year hold

• IRR: -7.5%
• Equity multiple: 0.50×
• Total profit: $-55,556
• Equity at exit: $34,584

Cash invested: $111,997 (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 68022

• Home prices YoY: -33.9%
• Rents YoY: 4.2%
• Active inventory: 794
• Price-to-rent: 11.9×

Monthly cashflow live

• Estimated rent: $2,803 high
• Mortgage (P&I): −$2,098
• Tax from tax record: −$67 /mo · $806/yr
• Insurance: −$167
• HOA: −$0
• Vacancy / Maint / Mgmt: −$589
• Net cashflow: $-117

Break-even live

Break-even rent $2,951

Max offer price $379,249

Occupancy floor 99%

Sensitivity live

Price	-10% $109	-5% $-4	+0% $-117	+5% $-688	+10% $-827
Rent	-10% $-339	-5% $-228	+0% $-117	+5% $-7	+10% $104
Rate	-1.0pp $84	-0.5pp $-16	base $-117	+0.5pp $-221	+1.0pp $-327

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: $99,998
• Closing costs: $12,000
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5410 N 186th St Elkhorn, NE	5.0	3.0	2483	$3,095	$1.25	23d	1	0.18mi
19111 Grand Ave Elkhorn, NE	4.0–5.0	2.0–3.5	1882	$2,424	$1.29	3d	1	0.39mi
5903 N 183rd St Elkhorn, NE	4.0	3.0	2741	$2,800	$1.02	25d	1	0.57mi
4309 N 175th Ave Omaha, NE	4.0	3.0	2970	$2,995	$1.01	25d	1	1.35mi
17214 Meredith Ave Unit LO Omaha, NE	4.0	3.0	2605	$3,100	$1.19	3d	1	1.47mi

Listing history 30 events

1. 2026-06-21
   days on market $399,990 Active 172 DOM
2. 2026-06-18
   days on market $399,990 Active 169 DOM
3. 2026-06-17
   days on market $399,990 Active 168 DOM
4. 2026-06-16
   days on market $399,990 Active 167 DOM
5. 2026-06-15
   remarks 699-char remark
6. 2026-06-15
   days on marketlisting id $399,990 Active 166 DOM
7. 2026-06-13
   days on market $399,990 Active 164 DOM
8. 2026-06-10
   days on market $399,990 Active 161 DOM
9. 2026-06-09
   days on market $399,990 Active 160 DOM
10. 2026-06-08
    days on market $399,990 Active 159 DOM
11. 2026-06-07
    days on market $399,990 Active 158 DOM
12. 2026-06-03
    days on market $399,990 Active 154 DOM
13. 2026-06-03
    days on market $399,990 Active 153 DOM
14. 2026-06-01
    days on market $399,990 Active 152 DOM
15. 2026-05-31
    days on market $399,990 Active 151 DOM
16. 2026-05-09
    price $399,990 1238-char remark

    Show marketing remark (1238 chars)

    Step inside 5418 N 189th St in Belterra, Elkhorn, NE - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of thoughtfully crafted living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy and convenient entertaining. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The oversized primary suite, located at the front, over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Enclave Flats in Elkhorn today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

17. 2026-05-08
    price $399,990 987-char remark

    Show marketing remark (987 chars)

    Welcome to the Bellhaven in Enclave Flats - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft of living space for everyday living and entertaining. Step inside to find a versatile front flex room—ideal for a home office, playroom, or formal dining. A hallway leads to a guest half bath and an open-concept living space filled with natural light, highlighted by an electric fireplace and large windows. The kitchen boasts a large island, white cabinetry, stainless steel appliances, a walk-in pantry, and connects seamlessly to the dining area. Upstairs, you'll find a central laundry room, three spacious secondary bedrooms, and a full bath with double vanities. The private primary suite includes a walk-in shower, dual sinks, private water closet, and two walk-in closets for ultimate convenience. This home includes smart features and a full unfinished basement. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

18. 2026-04-10
    price $397,990 1238-char remark

    Show marketing remark (1238 chars)

    Step inside 5418 N 189th St in Belterra, Elkhorn, NE - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of thoughtfully crafted living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy and convenient entertaining. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The oversized primary suite, located at the front, over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Enclave Flats in Elkhorn today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

19. 2026-04-09
    price $397,990 987-char remark

    Show marketing remark (987 chars)

    Welcome to the Bellhaven in Enclave Flats - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft of living space for everyday living and entertaining. Step inside to find a versatile front flex room—ideal for a home office, playroom, or formal dining. A hallway leads to a guest half bath and an open-concept living space filled with natural light, highlighted by an electric fireplace and large windows. The kitchen boasts a large island, white cabinetry, stainless steel appliances, a walk-in pantry, and connects seamlessly to the dining area. Upstairs, you'll find a central laundry room, three spacious secondary bedrooms, and a full bath with double vanities. The private primary suite includes a walk-in shower, dual sinks, private water closet, and two walk-in closets for ultimate convenience. This home includes smart features and a full unfinished basement. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

20. 2026-03-22
    price $394,990 1238-char remark

    Show marketing remark (1238 chars)

    Step inside 5418 N 189th St in Belterra, Elkhorn, NE - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of thoughtfully crafted living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy and convenient entertaining. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The oversized primary suite, located at the front, over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Enclave Flats in Elkhorn today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

21. 2026-03-20
    price $394,990 987-char remark

    Show marketing remark (987 chars)

    Welcome to the Bellhaven in Enclave Flats - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft of living space for everyday living and entertaining. Step inside to find a versatile front flex room—ideal for a home office, playroom, or formal dining. A hallway leads to a guest half bath and an open-concept living space filled with natural light, highlighted by an electric fireplace and large windows. The kitchen boasts a large island, white cabinetry, stainless steel appliances, a walk-in pantry, and connects seamlessly to the dining area. Upstairs, you'll find a central laundry room, three spacious secondary bedrooms, and a full bath with double vanities. The private primary suite includes a walk-in shower, dual sinks, private water closet, and two walk-in closets for ultimate convenience. This home includes smart features and a full unfinished basement. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

22. 2026-02-11
    price $392,990 1238-char remark

    Show marketing remark (1238 chars)

    Step inside 5418 N 189th St in Belterra, Elkhorn, NE - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of thoughtfully crafted living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy and convenient entertaining. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The oversized primary suite, located at the front, over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Enclave Flats in Elkhorn today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

23. 2026-02-10
    price $392,990 987-char remark

    Show marketing remark (987 chars)

    Welcome to the Bellhaven in Enclave Flats - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft of living space for everyday living and entertaining. Step inside to find a versatile front flex room—ideal for a home office, playroom, or formal dining. A hallway leads to a guest half bath and an open-concept living space filled with natural light, highlighted by an electric fireplace and large windows. The kitchen boasts a large island, white cabinetry, stainless steel appliances, a walk-in pantry, and connects seamlessly to the dining area. Upstairs, you'll find a central laundry room, three spacious secondary bedrooms, and a full bath with double vanities. The private primary suite includes a walk-in shower, dual sinks, private water closet, and two walk-in closets for ultimate convenience. This home includes smart features and a full unfinished basement. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

24. 2026-01-27
    price $387,990 987-char remark

    Show marketing remark (1238 chars)

    Step inside 5418 N 189th St in Belterra, Elkhorn, NE - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of thoughtfully crafted living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy and convenient entertaining. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The oversized primary suite, located at the front, over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Enclave Flats in Elkhorn today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

25. 2026-01-27
    price $387,990 1238-char remark

    Show marketing remark (1238 chars)

    Step inside 5418 N 189th St in Belterra, Elkhorn, NE - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of thoughtfully crafted living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy and convenient entertaining. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The oversized primary suite, located at the front, over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Enclave Flats in Elkhorn today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

26. 2026-01-16
    price $382,990 1238-char remark

    Show marketing remark (1238 chars)

    Step inside 5418 N 189th St in Belterra, Elkhorn, NE - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of thoughtfully crafted living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy and convenient entertaining. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The oversized primary suite, located at the front, over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Enclave Flats in Elkhorn today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

27. 2026-01-15
    price $382,990 987-char remark

    Show marketing remark (987 chars)

    Welcome to the Bellhaven in Enclave Flats - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft of living space for everyday living and entertaining. Step inside to find a versatile front flex room—ideal for a home office, playroom, or formal dining. A hallway leads to a guest half bath and an open-concept living space filled with natural light, highlighted by an electric fireplace and large windows. The kitchen boasts a large island, white cabinetry, stainless steel appliances, a walk-in pantry, and connects seamlessly to the dining area. Upstairs, you'll find a central laundry room, three spacious secondary bedrooms, and a full bath with double vanities. The private primary suite includes a walk-in shower, dual sinks, private water closet, and two walk-in closets for ultimate convenience. This home includes smart features and a full unfinished basement. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

28. 2026-01-01
    listed $372,990 New 987-char remark

    Show marketing remark (987 chars)

    Welcome to the Bellhaven in Enclave Flats - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft of living space for everyday living and entertaining. Step inside to find a versatile front flex room—ideal for a home office, playroom, or formal dining. A hallway leads to a guest half bath and an open-concept living space filled with natural light, highlighted by an electric fireplace and large windows. The kitchen boasts a large island, white cabinetry, stainless steel appliances, a walk-in pantry, and connects seamlessly to the dining area. Upstairs, you'll find a central laundry room, three spacious secondary bedrooms, and a full bath with double vanities. The private primary suite includes a walk-in shower, dual sinks, private water closet, and two walk-in closets for ultimate convenience. This home includes smart features and a full unfinished basement. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

29. 2025-12-31
    listed $372,990 Active 1238-char remark

    Show marketing remark (1238 chars)

    Step inside 5418 N 189th St in Belterra, Elkhorn, NE - a two-story home with 4 bedrooms, 2.5 baths, and 2,053 sq. ft. of thoughtfully crafted living space. The open-concept living, kitchen, and dining areas flow seamlessly, while all bedrooms are upstairs for added privacy and convenient entertaining. Just inside the front door is a versatile flex room - ideal for a home office, playroom, or formal dining. A guest bath and staircase connect the main and upper levels. The living room features an electric fireplace and large windows for abundant natural light. The adjacent dining area has sliding glass doors, and the kitchen offers white cabinetry, a large walk-in pantry, stainless steel appliances, and a spacious island perfect for casual dining. Upstairs, a central laundry room sits near three secondary bedrooms, a full bath, and linen storage. The oversized primary suite, located at the front, over the garage, includes a double vanity bath, walk-in shower, private water closet, and two walk-in closets. Tour Enclave Flats in Elkhorn today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

30. 2024-10-07
    soldstatus $834,000

ⓘ 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: $806 · $67/mo
• Projected year-2 tax: $6,920 · $577/mo
• Expected delta: +$6,114/yr (+$509/mo · 758.4%)

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

Taxation est. · year 1

• Rental income: $33,631
• − Mortgage interest: −$22,406
• − Property taxes: −$806
• − Insurance: −$2,000
• − Repairs & maintenance: −$2,690
• − Management: −$2,690
• − Depreciation: −$11,636
• Taxable loss: −$8,598
• Est. tax savings @ 24.0%: +$2,064
• After-tax cash flow: $655/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: Elkhorn Public Schools
• NCES district ID: 3170110
• Math proficiency: 77% ▼ -7.00%
• Reading proficiency: 76% ▼ -6.00%
• Median HH income: $96,478
• Composite: 69.21/100
• National rank: #318
• State rank: #1 of 111 in NE

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

• County: Douglas County · 538,646 people
• City population: 552,986
• Metro: Omaha-Council Bluffs, NE-IA
• Population (ZIP): 36,538
• Household income: $148,111
• Rent vs Own: 26.0% rent · 74.0% own
• Severe rent burden: 651.0

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%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Two or more races 6% Asian 4% Hispanic / Latino 4% Black 1%
• Common ancestry: Portuguese 3% Romanian 3% Iranian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 94% English-only · Other Indo-European 1% Other Asian/Pacific 1% Spanish 1%

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: ▼ -102.67%
• Current HPI: 200.1245
• Rent YoY: ▲ 4.25%
• Metro: Omaha-Council Bluffs, NE-IA
• 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

-52.0% since first listed

15 events — show timeline

• 2026-05-09 Price Changed $399,990 Zillow
• 2026-05-08 Price Changed $399,990 GPRMLS
• 2026-04-10 Price Changed $397,990 Zillow
• 2026-04-09 Price Changed $397,990 GPRMLS
• 2026-03-22 Price Changed $394,990 Zillow
• 2026-03-20 Price Changed $394,990 GPRMLS
• 2026-02-11 Price Changed $392,990 Zillow
• 2026-02-10 Price Changed $392,990 GPRMLS
• 2026-01-27 Price Changed $387,990 GPRMLS
• 2026-01-27 Price Changed $387,990 Zillow
• 2026-01-16 Price Changed $382,990 Zillow
• 2026-01-15 Price Changed $382,990 GPRMLS
• 2026-01-01 Listed $372,990 GPRMLS
• 2025-12-31 Listed $372,990 Zillow
• 2024-10-07 Sold (Public Records) $834,000 Public Records

Property tax history

+54.3%/yr

Latest (2025): $806 · +155.1% YoY. Source: county tax records.