110 First St · Bloomfield, NE 68718

$54,900

4 bd · 1.0 ba · 1,430 sqft · SingleFamily public records · 12 Days on market

Built 1899 $38/sqft · 36% below area Est $85k · 35% under ↓ 18% since listing

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Why this score? — see what drove the A- 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.6/10.0
• Appreciation +5.0/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Older home with lots of space with 4 bedrooms and a main floor laundry. Property is on a large corner lot and has an oversized 2 car garage. Do not miss out on this great opportunity to own your own home at a great price. Agents read the agent only comments. Property is sold as-is. Buyers must have financing in place that is not contingent upon the properties condition or proof of funds.

Key facts

• Large corner lot
• 2 garage spots
• Built 1899

Tags

• LARGE CORNER LOT

Property features AI

Exterior

• Parking: 2-car garage
• Utilities: Public water; Public sewer; Natural gas available
• Home design: Single-family residential; Residential property
• Construction: Frame construction with metal siding; Composition roof
• Exterior features: Deck; Storm door(s)

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 main-level bathroom
• Heating & cooling: Central air
• Interior features: Eat-in kitchen; Window coverings; Partial basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $680 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).

Location & tenants

• Location reads 72/100 on livability (#170 in NE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, amenities F, commute F.
• Bloomfield Community Schools (rural): math 65% / reading 65% proficiency, ranked #36 of 245 in NE (top 15%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Bloomfield Elementary School (math 72% / reading 62%, grade B+, #64 of 502 statewide, top 14%, 135 students, 48% FRL); Bloomfield Jr-Sr High School (math 62% / reading 57%, grade C+, #49 of 261 statewide, top 26%, 136 students, 45% FRL) — zoned schools average 46% FRL vs 28% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 3 active listings in the ZIP; 36 units permitted in Knox County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($380 loan paydown + $2k appreciation (3.0% local appreciation)).
• Knox County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $45k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1899 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $54,900

Questions for the listing agent

1. Built in 1899 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 2.41% ✓
• Cap rate: 21.16%
• Cash-on-cash: 53.09%
• DSCR: 3.36
• GRM: 3.5

CMA / ARV

• ARV (median comp): $85,000
• List price: $54,900
• Delta: -35.41%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
110 First St	0.00mi	4/1.0	1,408 (-2%)	1mo	$45,000	$32	97
109 Jay St	0.15mi	3/1.0 (-1)	1,448 (+1%)	3mo	$75,000	$52	84

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: 58.1%
• Equity multiple: 4.25×
• Total profit: $49,937
• Equity at exit: $24,685

10-year hold

• IRR: 57.7%
• Equity multiple: 8.62×
• Total profit: $117,093
• Equity at exit: $38,043

Cash invested: $15,372 (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 68718

• Active inventory: 3
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,322 medium
• Mortgage (P&I): −$288
• Tax from tax record: −$54 /mo · $645/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $680

Break-even live

Break-even rent $461

Max offer price $54,900

Occupancy floor 44%

Sensitivity live

Price	-10% $711	-5% $696	+0% $680	+5% $665	+10% $649
Rent	-10% $576	-5% $628	+0% $680	+5% $732	+10% $785
Rate	-1.0pp $708	-0.5pp $694	base $680	+0.5pp $666	+1.0pp $651

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: $13,725
• Closing costs: $1,647
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-05-12
   status Pending 390-char remark
2. 2026-04-29
   listed $54,900 Active 390-char remark

ⓘ 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: $645 · $54/mo
• Projected year-2 tax: $950 · $79/mo
• Expected delta: +$305/yr (+$25/mo · 47.4%)

ⓘ 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 2/10 Low 7 d/yr ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,866
• − Mortgage interest: −$3,075
• − Property taxes: −$645
• − Insurance: −$274
• − Repairs & maintenance: −$1,269
• − Management: −$1,269
• − Depreciation: −$1,597
• Taxable income: $7,736
• Est. tax owed @ 24.0%: −$1,857
• After-tax cash flow: $6,304/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: Bloomfield Community Schools
• NCES district ID: 3104140
• Math proficiency: 65% ▼ -5.00%
• Reading proficiency: 65% ▬ 0.00%
• Median HH income: $41,164
• Composite: 55.79/100
• National rank: #2607
• State rank: #36 of 245 in NE

Livability — Bloomfield

• Score: 72/100
• State rank: #170
• US rank: #6068

Category grades

Amenities F 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: Bloomfield, NE
• Population (ZIP): 1,691

Population outlook (Knox County) Hauer SSP2

• Today (2025): 8,195 people
• By 2030: 8,013 · -2.2%
• By 2040: 7,717 · -5.8%
• By 2050: 7,531 · -8.1%
• By 2075: 7,685 · -6.2%
• By 2100: 7,620 · -7.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Native American 5% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Portuguese 3% Romanian 2% Iranian 1%
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Knox

• 2024 margin: Solid R (+63.3) · D 17.7% · R 81.0% · Other 1.3%
• 2008→2024 swing: -27.2pp toward R · 2008: -36.1pp · 2024: -63.3pp
• All cycles: 2024: R+63.3 2020: R+59.8 2016: R+60.7 2012: R+45.4 2008: R+36.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

-18.0% since first listed

4 events — show timeline

• 2026-05-28 Sold (Public Records) $45,000 Public Records
• 2026-05-28 Sold (MLS) $45,000 NNEMLS
• 2026-05-12 Pending — NNEMLS
• 2026-04-29 Listed $54,900 NNEMLS

Property tax history

+1.3%/yr

Latest (2025): $645 · +11.6% YoY. Source: county tax records.