907 E 6th St · Hastings, NE 68901

$145,000

2 bd · 1.0 ba · 768 sqft · SingleFamily public records · 102 Days on market

Built 1925 7,405 sqft lot $189/sqft · 52% above area Est $191k · 24% under

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Why this score? — see what drove the C+ 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 +22.7/30.0
• ARV discount +15.0/15.0
• DSCR +7.3/10.0
• 1% rule +5.7/10.0
• Livability +4.0/5.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great investment or starter home opportunity! This 2-bedroom, 1-bath home offers a functional layout with a finished basement that provides additional living space, storage, or room for a home office or recreation area. The home has solid potential and is ready for a buyer to add their own personal touch. A new furnace was installed in 2020, providing added value and peace of mind. Conveniently located in a prime area near Hastings College, this property is ideal for investors, college rentals, or buyers looking to build equity in a great location. Don't miss this opportunity to own in a desirable neighborhood!

Key facts

• New furnace
• Finished basement
• 7,405 sq ft lot

Tags

• FINISHED BASEMENT
• NEW FURNACE
• DESIRABLE NEIGHBORHOOD

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $250 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $132k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 4.3% 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.
• Zoned schools: Alcott Elementary School (math 27% / reading 37%, grade F, #405 of 502 statewide, top 84%, 249 students, 66% FRL); Hastings Middle School (math 39% / reading 42%, grade F, #82 of 128 statewide, top 65%, 780 students, 52% FRL); Hastings Senior High School (math 36% / reading 45%, grade F, #181 of 261 statewide, top 69%, 1,067 students, 52% FRL).
• Market conditions: 193 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 102 days — a 9% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y ago; this cycle's ask has dropped $12k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $80k; list at $145k implies a 81% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $131,950 (9.0% below list)

Questions for the listing agent

1. It's been on market 102 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — 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. 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: 1.07% ✓
• Cap rate: 8.36%
• Cash-on-cash: 7.38%
• DSCR: 1.33
• GRM: 7.8

CMA / ARV

• ARV (median comp): $190,803
• List price: $145,000
• Delta: -24.01%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1103 Waynoka St	0.18mi	2/1.0	743 (-3%)	12mo	$115,000	$155	76

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

Projected returns pro-forma

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

5-year hold

• IRR: -5.0%
• Equity multiple: 0.81×
• Total profit: $-7,578
• Equity at exit: $21,620

10-year hold

• IRR: 4.7%
• Equity multiple: 1.34×
• Total profit: $13,910
• Equity at exit: $12,537

Cash invested: $40,600 (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: 193
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,546 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$151 /mo · $1,808/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $250

Break-even live

Break-even rent $1,230

Max offer price $145,000

Occupancy floor 79%

Sensitivity live

Price	-10% $332	-5% $291	+0% $250	+5% $209	+10% $168
Rent	-10% $128	-5% $189	+0% $250	+5% $311	+10% $372
Rate	-1.0pp $323	-0.5pp $287	base $250	+0.5pp $212	+1.0pp $174

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2404 Hudson Way Apt 106 Hastings, NE	2.0	2.0	1053	$1,750	$1.66	45d	1	1.47mi
2404 Hudson Way Apt 206 Hastings, NE	1.0	1.0	716	$1,395	$1.95	45d	1	1.47mi
2404 Hudson Way Apt 302 Hastings, NE	2.0	2.0	973	$1,625	$1.67	45d	1	1.47mi
2404 Hudson Way Apt 205 Hastings, NE	1.0	1.0	775	$1,475	$1.90	45d	1	1.47mi

Listing history 22 events

1. 2026-06-21
   days on market $145,000 Active 102 DOM
2. 2026-06-21
   days on market $145,000 Active 101 DOM
3. 2026-06-18
   days on market $145,000 Active 99 DOM
4. 2026-06-17
   days on market $145,000 Active 98 DOM
5. 2026-06-16
   days on market $145,000 Active 97 DOM
6. 2026-06-15
   days on market $145,000 Active 96 DOM
7. 2026-06-13
   days on market $145,000 Active 94 DOM
8. 2026-06-12
   days on market $145,000 Active 93 DOM
9. 2026-06-09
   days on market $145,000 Active 90 DOM
10. 2026-06-08
    days on market $145,000 Active 89 DOM
11. 2026-06-07
    days on market $145,000 Active 88 DOM
12. 2026-06-07
    days on market $145,000 Active 87 DOM
13. 2026-06-04
    days on market $145,000 Active 84 DOM
14. 2026-06-02
    days on market $145,000 Active 83 DOM
15. 2026-06-01
    days on market $145,000 Active 82 DOM
16. 2026-05-31
    days on market $145,000 Active 81 DOM
17. 2026-05-15
    price $145,000 618-char remark

    Show marketing remark (618 chars)

    Great investment or starter home opportunity! This 2-bedroom, 1-bath home offers a functional layout with a finished basement that provides additional living space, storage, or room for a home office or recreation area. The home has solid potential and is ready for a buyer to add their own personal touch. A new furnace was installed in 2020, providing added value and peace of mind. Conveniently located in a prime area near Hastings College, this property is ideal for investors, college rentals, or buyers looking to build equity in a great location. Don't miss this opportunity to own in a desirable neighborhood!

18. 2026-04-02
    price $152,000 618-char remark

    Show marketing remark (618 chars)

    Great investment or starter home opportunity! This 2-bedroom, 1-bath home offers a functional layout with a finished basement that provides additional living space, storage, or room for a home office or recreation area. The home has solid potential and is ready for a buyer to add their own personal touch. A new furnace was installed in 2020, providing added value and peace of mind. Conveniently located in a prime area near Hastings College, this property is ideal for investors, college rentals, or buyers looking to build equity in a great location. Don't miss this opportunity to own in a desirable neighborhood!

19. 2026-03-11
    listed $157,000 Active 618-char remark

    Show marketing remark (618 chars)

    Great investment or starter home opportunity! This 2-bedroom, 1-bath home offers a functional layout with a finished basement that provides additional living space, storage, or room for a home office or recreation area. The home has solid potential and is ready for a buyer to add their own personal touch. A new furnace was installed in 2020, providing added value and peace of mind. Conveniently located in a prime area near Hastings College, this property is ideal for investors, college rentals, or buyers looking to build equity in a great location. Don't miss this opportunity to own in a desirable neighborhood!

20. 2015-04-17
    soldstatus $80,000
21. 2015-04-10
    soldstatus $80,000 234-char remark

    Show marketing remark (234 chars)

    RECENTLY REMODELED THROUGHOUT W/ NEWER KITCHEN W/ TILE FLOOR, REMODELED BATH ROOM, MAIN FLOOR LAUNDRY, FULL FINISHED BASEMENT, COVER FRONT PORCH, LARGE WOODEN DECK IN BACK W/ FENCED YARD, ALLEY ACCESS. CLEAN AND WELL LOCATED PROPERTY.

22. 2015-02-10
    listed $87,500 234-char remark

    Show marketing remark (234 chars)

    RECENTLY REMODELED THROUGHOUT W/ NEWER KITCHEN W/ TILE FLOOR, REMODELED BATH ROOM, MAIN FLOOR LAUNDRY, FULL FINISHED BASEMENT, COVER FRONT PORCH, LARGE WOODEN DECK IN BACK W/ FENCED YARD, ALLEY ACCESS. CLEAN AND WELL LOCATED PROPERTY.

ⓘ 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: $1,808 · $151/mo
• Projected year-2 tax: $2,508 · $209/mo
• Expected delta: +$700/yr (+$58/mo · 38.7%)

ⓘ 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 ≥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: $18,552
• − Mortgage interest: −$8,122
• − Property taxes: −$1,808
• − Insurance: −$725
• − Repairs & maintenance: −$1,484
• − Management: −$1,484
• − Depreciation: −$4,218
• Taxable income: $710
• Est. tax owed @ 24.0%: −$170
• After-tax cash flow: $2,828/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: 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

+65.7% since first listed

6 events — show timeline

• 2026-05-15 Price Changed $145,000 GIBOR
• 2026-04-02 Price Changed $152,000 GIBOR
• 2026-03-11 Listed $157,000 GIBOR
• 2015-04-17 Sold (Public Records) $80,000 Public Records
• 2015-04-10 Sold (MLS) $80,000 GMNMLS
• 2015-02-10 Listed $87,500 GMNMLS

Property tax history

+3.9%/yr

Latest (2025): $1,808 · +8.0% YoY. Source: county tax records.