502 Sicily Ave · Ravenna, NE 68869

$129,900

3 bd · 1.0 ba · 1,189 sqft · SingleFamily public records · 17 Days on market

Built 1925 Est $112k · 16% over

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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 +14.3/30.0
• Schools +4.8/10.0
• DSCR +4.4/10.0
• Livability +3.6/5.0
• 1% rule +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.2/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

All on one level this 3 bedroom home has a lot to offer. Located on two lots with one being a corner one. Detached oversized one car garage. All new roof and siding. Open arrangement for family living.

Key facts

• Outside gatherings
• Corner lot
• Open kitchen

Tags

• CORNER LOT
• OPEN KITCHEN
• OUTSIDE GATHERINGS

Property features AI

Finance

• Other: Zoning: R
• Financial info: Details not provided
• HOA & community: Details not provided

Exterior

• Parking: Detached 1-car garage
• Security: Details not provided
• Utilities: Natural gas available; Public water; Public sewer
• Home design: Single-family residence; Residential property; Frame construction
• Construction: Frame construction
• Exterior features: Public water source; Public sewer and septic tank (both listed)

Interior

• Kitchen: Electric range; Disposal
• Bedrooms: Details not provided
• Flooring: Details not provided
• Bathrooms: One main-level bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Window coverings; Disposal; Electric water heater
• Laundry & utility: Laundry located in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $25 ($298/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $109k (16.0% below list).
• Recommended offer: $109k (16.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 71/100 on livability (#199 in NE) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety C-, amenities F, commute F.
• Ravenna Public Schools (rural): math 60% / reading 50% proficiency, ranked #113 of 245 in NE (top 46%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Ravenna Elementary School (math 72% / reading 57%, grade B, #78 of 502 statewide, top 18%, 244 students, 45% FRL); Ravenna Senior High (math 57% / reading 57%, grade C, #70 of 261 statewide, top 30%, 169 students, 43% FRL) — zoned schools average 44% FRL vs 27% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 23 active listings in the ZIP; 125 units permitted in Buffalo County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $898 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Buffalo County population projected at +31% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 12y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $42k; list at $130k implies a 209% 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 $109,064 (16.0% below list)

Questions for the listing agent

1. Built in 1925 — 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. 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?
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: 0.84% ✗
• Cap rate: 6.52%
• Cash-on-cash: 0.82%
• DSCR: 1.04
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $111,766
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
312 Alba Ave	0.25mi	3/1.0	1,206 (+1%)	6mo	$145,900	$121	81
323 Milan Ave	0.10mi	3/1.0	1,284 (+8%)	5mo	$60,000	$47	78
414 W Genoa St	0.41mi	2/1.0 (-1)	1,220 (+3%)	1mo	$145,000	$119	70
524 Kufus Ave	0.43mi	2/1.0 (-1)	1,140 (-4%)	9mo	$180,000	$158	61
323 Padua Ave	0.34mi	3/2.0	1,256 (+6%)	18mo	$102,000	$81	55
524 Padua Ave	0.36mi	2/1.0 (-1)	1,112 (-6%)	20mo	$105,000	$94	51
508 Padua Ave	0.36mi	2/2.0 (-1)	1,288 (+8%)	23mo	$120,000	$93	41

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: -15.0%
• Equity multiple: 0.46×
• Total profit: $-19,488
• Equity at exit: $19,369

10-year hold

• IRR: -6.4%
• Equity multiple: 0.59×
• Total profit: $-15,016
• Equity at exit: $11,231

Cash invested: $36,372 (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 68869

• Home prices YoY: -21.9%
• Active inventory: 23
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,091 medium
• Mortgage (P&I): −$681
• Tax from tax record: −$101 /mo · $1,217/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$229
• Net cashflow: $25

Break-even live

Break-even rent $1,059

Max offer price $129,900

Occupancy floor 93%

Sensitivity live

Price	-10% $98	-5% $62	+0% $25	+5% $-12	+10% $-49
Rent	-10% $-61	-5% $-18	+0% $25	+5% $68	+10% $111
Rate	-1.0pp $90	-0.5pp $58	base $25	+0.5pp $-9	+1.0pp $-43

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-21
   days on market $129,900 Active 17 DOM
2. 2026-06-21
   statusdays on market $129,900 Active 16 DOM
3. 2026-06-12
   statusdays on market $129,900 Pending 15 DOM
4. 2026-06-09
   days on market $129,900 Active 13 DOM
5. 2026-06-08
   days on market $129,900 Active 12 DOM
6. 2026-06-07
   days on market $129,900 Active 11 DOM
7. 2026-06-05
   days on market $129,900 Active 9 DOM
8. 2026-06-04
   days on market $129,900 Active 7 DOM
9. 2026-06-02
   days on market $129,900 Active 6 DOM
10. 2026-06-01
    days on market $129,900 Active 5 DOM
11. 2026-05-31
    days on market $129,900 Active 4 DOM
12. 2026-05-27
    listed $129,900 Active
13. 2015-06-25
    soldstatus $42,000 201-char remark

    Show marketing remark (201 chars)

    All on one level this 3 bedroom home has a lot to offer. Located on two lots with one being a corner one. Detached oversized one car garage. All new roof and siding. Open arrangement for family living.

14. 2015-05-26
    soldstatus $42,000
15. 2014-09-03
    listed $54,000 201-char remark

    Show marketing remark (201 chars)

    All on one level this 3 bedroom home has a lot to offer. Located on two lots with one being a corner one. Detached oversized one car garage. All new roof and siding. Open arrangement for family living.

ⓘ 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: $1,217 · $101/mo
• Projected year-2 tax: $2,247 · $187/mo
• Expected delta: +$1,030/yr (+$86/mo · 84.7%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 16 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: $13,088
• − Mortgage interest: −$7,276
• − Property taxes: −$1,217
• − Insurance: −$650
• − Repairs & maintenance: −$1,047
• − Management: −$1,047
• − Depreciation: −$3,779
• Taxable loss: −$1,928
• Est. tax savings @ 24.0%: +$463
• After-tax cash flow: $761/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: Ravenna Public Schools
• NCES district ID: 3175960
• Math proficiency: 60% ▲ 15.00%
• Reading proficiency: 50% ▼ -1.00%
• Median HH income: $42,945
• Composite: 48.09/100
• National rank: #4760
• State rank: #113 of 245 in NE

Livability — Ravenna

• Score: 71/100
• State rank: #199
• US rank: #7147

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ravenna, NE
• Population (ZIP): 2,158

Population outlook (Buffalo County) Hauer SSP2

• Today (2025): 54,980 people
• By 2030: 58,298 · +6.0%
• By 2040: 64,975 · +18.2%
• By 2050: 72,054 · +31.1%
• By 2075: 90,838 · +65.2%
• By 2100: 106,838 · +94.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 6% Hispanic / Latino 1%
• Common ancestry: Romanian 6% Portuguese 3% Slovak 1%
• Foreign-born: 1% · South Korea

Political lean MEDSL · Buffalo

• 2024 margin: Solid R (+44.9) · D 26.9% · R 71.8% · Other 1.3%
• 2008→2024 swing: -7.5pp toward R · 2008: -37.5pp · 2024: -44.9pp
• All cycles: 2024: R+44.9 2020: R+43.4 2016: R+47.5 2012: R+42.6 2008: R+37.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -51.72%
• Current HPI: 183.9479
• 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

+140.6% since first listed

4 events — show timeline

• 2026-05-27 Listed $129,900 GMNMLS
• 2015-06-25 Sold (MLS) $42,000 GMNMLS
• 2015-05-26 Sold (Public Records) $42,000 Public Records
• 2014-09-03 Listed $54,000 GMNMLS

Property tax history

+1.8%/yr

Latest (2025): $1,217 · +8.2% YoY. Source: county tax records.