417 & 415 Saint James St · Wynot, NE 68792

$125,000

4 bd · 1.0 ba · 4,332 sqft · SingleFamily · 2 Days on market

Built 1900 Fair condition 7,100 sqft 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 +26.0/30.0
• DSCR +8.7/10.0
• ARV discount +7.5/15.0
• 1% rule +6.9/10.0
• Appreciation +6.8/10.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks

INVESTMENT OPPORTUNITY! The income potential is everywhere with this unique Main Street property in Wynot! * Live in or rent the finished apartment * Remodel the second apartment for additional rental income * Operate or lease the bar/restaurant space for a third income stream * Lease one of the two commercial kitchens for even more revenue potential Whether you're an investor, entrepreneur, or someone looking for a property with multiple income opportunities, this one deserves a look. The possibilities are endless—now it's time to tour the property and start envisioning your future here. Call your favorite REALTOR® today to schedule a private showing!

Key facts

• Second apartment
• Bar restaurant space
• Finished apartment

Tags

• FINISHED APARTMENT
• SECOND APARTMENT
• BAR RESTAURANT SPACE
• TWO COMMERCIAL KITCHENS

Property features AI

Finance

• Other: Listing agent: Bridget Whitmire (402-649-0671)

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Brick construction; 4,332 above-grade finished area
• Exterior features: 50 feet frontage; 0.16-acre lot

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Propane heating with forced air
• Interior features: Unfinished basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $125k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $310 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).

Location & tenants

• Location reads 70/100 on livability (#214 in NE) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: health & safety D, amenities F, commute F.
• Wynot Public Schools (rural): math 50% / reading 45% proficiency, ranked #163 of 245 in NE (top 66%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 1 active listings in the ZIP; 11 units permitted in Cedar County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($864 loan paydown + $5k appreciation (3.6% local appreciation)).
• Cedar County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.6% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $125,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.19% ✓
• Cap rate: 9.27%
• Cash-on-cash: 10.62%
• DSCR: 1.47
• GRM: 7.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.65% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 19.0%
• Equity multiple: 2.12×
• Total profit: $39,141
• Equity at exit: $60,814

10-year hold

• IRR: 19.8%
• Equity multiple: 4.04×
• Total profit: $106,522
• Equity at exit: $97,475

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 →

ZIP-level market 68792

• Home prices YoY: 3.2%
• Active inventory: 1
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,486 medium
• Mortgage (P&I): −$656
• Tax est. 1.5%: −$156 /mo · $1,875/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $310

Break-even live

Break-even rent $1,093

Max offer price $125,000

Occupancy floor 74%

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
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-06-19
   days on market $125,000 Active 2 DOM
2. 2026-06-17
   remarks 671-char remark
3. 2026-06-17
   listed $125,000 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

• 🌡 Heat 3/10 Moderate
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,827
• − Mortgage interest: −$7,002
• − Property taxes: −$1,875
• − Insurance: −$625
• − Repairs & maintenance: −$1,426
• − Management: −$1,426
• − Depreciation: −$3,636
• Taxable income: $1,836
• Est. tax owed @ 24.0%: −$441
• After-tax cash flow: $3,276/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 · 12 photos

Fair 45/100 Moderate rehab

This property presents a moderate rehab opportunity with dated kitchen and bathroom fixtures, and average interior walls and flooring. Updates to these areas would significantly enhance its resale and rental value.

Repairs flagged

• Moderate kitchen cabinets — dated and worn
• Moderate kitchen appliances — outdated and worn
• Minor bathroom fixtures — standard and functional

Value-add opportunities

• Both update kitchen cabinets and appliances — modernizing kitchen will appeal to buyers and renters
• Both paint interior walls — fresh paint enhances curb appeal and interior aesthetics
• Both replace carpeted flooring — new flooring improves aesthetics and functionality
• Both update bathroom fixtures — modern fixtures improve aesthetics and functionality

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and worn	Moderate	$3,000–15,000
kitchen appliances · outdated and worn	Moderate	$3,000–15,000
bathroom fixtures · standard and functional	Minor	$500–3,000
Total estimated repair cost · 3 items		$6,500–33,000

Value-add ROI direction

• Both update kitchen cabinets and appliances — modernizing kitchen will appeal to buyers and renters ↑
• Both paint interior walls — fresh paint enhances curb appeal and interior aesthetics ↑
• Both replace carpeted flooring — new flooring improves aesthetics and functionality ↑
• Both update bathroom fixtures — modern fixtures improve aesthetics and functionality ↑

ⓘ 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: Wynot Public Schools
• NCES district ID: 3178990
• Math proficiency: 50% ▲ 10.00%
• Reading proficiency: 45% ▬ 0.00%
• Median HH income: $46,682
• Composite: 42.53/100
• National rank: #6853
• State rank: #163 of 245 in NE

Livability — Wynot

• Score: 70/100
• State rank: #214
• US rank: #7676

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wynot, NE
• Population (ZIP): 359

Population outlook (Cedar County) Hauer SSP2

• Today (2025): 8,114 people
• By 2030: 7,863 · -3.1%
• By 2040: 7,405 · -8.7%
• By 2050: 6,916 · -14.8%
• By 2075: 6,244 · -23.0%
• By 2100: 5,249 · -35.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (99%)
• Race & ethnicity: White 99%
• Common ancestry: Portuguese 3% Serbian 1% Lithuanian 1%
• Foreign-born: 0%

Political lean MEDSL · Cedar

• 2024 margin: Solid R (+70.0) · D 14.3% · R 84.3% · Other 1.4%
• 2008→2024 swing: -28.8pp toward R · 2008: -41.3pp · 2024: -70.0pp
• All cycles: 2024: R+70.0 2020: R+68.8 2016: R+67.9 2012: R+53.5 2008: R+41.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.65%
• Current HPI: 118.2725
• 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

• 2026-06-17 Listed $125,000 MARMLS