7420 N 49 St · Lincoln, NE 68514

$415,000

3 bd · 3.0 ba · 1,339 sqft · SingleFamily public records · 5 Days on market

Built 2021 8,712 sqft lot $310/sqft · 39% above area Est $498k · 17% under $8/mo HOA

---

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).

• ARV discount +15.0/15.0
• Appreciation +5.0/10.0
• Cash flow +4.6/30.0
• Schools +4.4/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.1/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Contingent offer pending. Builders offering a $6,000 credit toward loan and closing costs, if under contract before 11/15/21. Less than 3 minutes to the interstate, (also super quick access to HWYs 77 & 34) Brand New, 3 bedroom, 2 bath, all electric, affordable home, with a large yard. . granite counter tops, easy to care for stainless steel appliances, gorgeous engineered hardwood flooring, and fire place, within a modern open concept. 1st floor laundry. Walk out basement and deck extending from dining area will allow you to enjoy your large back yard. Sod and UGS are part of the package. Maintenance free exterior. The unfinished basement allows the new owners, an opportunity to make it like they want over time. There are rough ins for a third bath, piped for passive radon. A new home in a new neighborhood and ready to go. Call for an appointment today!

Key facts

• 8,712 sq ft lot
• 2 garage spots
• Built 2021

Property features AI

Finance

• HOA & community: Homeowners association with an annual fee of $100

Exterior

• Parking: Attached 2-car garage; 2 covered parking spaces (total 2)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Not new / not a model; Built in 2021
• Construction: Concrete perimeter foundation
• Exterior features: Patio; Deck; Chain link fencing; Lot up to 1/4 acre (approx. 0.2 acres, 125 x 70)

Interior

• Kitchen: Kitchen (approx. 10 x 10.5)
• Bedrooms: Master bedroom on main floor (approx. 12 x 13); Two additional main-floor bedrooms (each approx. 9.5 x 10.5)
• Bathrooms: 2 bathrooms total — 1 full and 1 three-quarter; Main level has 2 bathrooms; below-grade area includes 1 bathroom
• Heating & cooling: Electric forced-air heating; Central air conditioning
• Interior features: Finished basement; Fireplace (1)

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $415k.

Deal economics

• At list price, monthly cash flow is $-1k ($-13k/yr) — negative.
• To cash-flow at today's rent, offer at most $231k (44.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $210k (49.5% below list).
• Recommended offer: $210k (49.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 85/100 on livability (#5 in NE, #545 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime D+.
• Lincoln Public Schools (urban): math 50% / reading 53% proficiency, ranked #59 of 111 in NE (top 53%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Norwood Park Elementary School (math 32% / reading 42%, grade F, #373 of 502 statewide, top 77%, 253 students, 72% FRL); Dawes Middle School (math 32% / reading 38%, grade F, #103 of 128 statewide, top 80%, 405 students, 48% FRL); Lincoln Northeast High School (math 34% / reading 36%, grade F, #207 of 261 statewide, top 79%, 1,812 students, 62% FRL) — zoned schools average 61% FRL vs 37% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 36% at this address vs 52% district-wide (-16 pts) — the specific schools serving this property underperform the Lincoln Public Schools average; the district grade overstates school quality for this exact location.
• Market conditions: 38 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 1,940 units permitted in Lancaster County in 2024 (895 in 5+ unit buildings).

Forward outlook

• In year one you build about $15k of equity ($3k loan paydown + $12k appreciation (3.0% local appreciation)).
• Lancaster County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 3, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 8y 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 $340k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $209,648 (49.5% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-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. Crime grade is D 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: 0.51% ✗
• Cap rate: 3.28%
• Cash-on-cash: -10.76%
• DSCR: 0.52
• GRM: 16.5

CMA / ARV

• ARV (median comp): $497,540
• List price: $415,000
• Delta: -15.79%
• Verdict: UNDERPRICED
• Comps: 19 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -2.5%
• Equity multiple: 0.86×
• Total profit: $-16,455
• Equity at exit: $186,602

10-year hold

• IRR: 1.9%
• Equity multiple: 1.30×
• Total profit: $34,410
• Equity at exit: $287,576

Cash invested: $116,200 (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 68514

• Active inventory: 38
• Price-to-rent: 16.5×

Monthly cashflow live

• Estimated rent: $2,096 medium
• Mortgage (P&I): −$2,176
• Tax from tax record: −$341 /mo · $4,094/yr
• Insurance: −$173
• HOA: −$8
• Vacancy / Maint / Mgmt: −$440
• Net cashflow: $-1,042

Break-even live

Break-even rent $3,416

Max offer price $230,900

Occupancy floor —

Sensitivity live

Price	-10% $-807	-5% $-925	+0% $-1,042	+5% $-1,160	+10% $-1,277
Rent	-10% $-1,208	-5% $-1,125	+0% $-1,042	+5% $-959	+10% $-877
Rate	-1.0pp $-833	-0.5pp $-937	base $-1,042	+0.5pp $-1,150	+1.0pp $-1,259

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: $103,750
• Closing costs: $12,450
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6050 Meridian Dr Lincoln, NE	2.0	2.5	1630	$2,398	$1.47	14d	3	1.30mi
6010 Meridian Dr Lincoln, NE	1.0–2.0	1.0–2.0	1305	$1,954	$1.50	14d	17	1.34mi
2840 Fletcher Ave Lincoln, NE	1.0–3.0	1.0–2.0	990	$1,925	$1.94	14d	37	1.47mi

HOA detail

• Monthly dues: $8 · $96/yr
• Likely covers: electric

Listing history 32 events

1. 2026-06-18
   days on market $415,000 Active 5 DOM
2. 2026-06-18
   status $415,000 Active 4 DOM
3. 2026-06-17
   days on market $415,000 New 4 DOM
4. 2026-06-16
   days on market $415,000 New 3 DOM
5. 2026-06-15
   days on market $415,000 New 2 DOM
6. 2026-06-14
   pricestatusdays on marketlisting id $415,000 New 1 DOM
7. 2026-06-10
   days on market $419,000 Active 34 DOM
8. 2026-06-09
   days on market $419,000 Active 33 DOM
9. 2026-06-08
   days on market $419,000 Active 32 DOM
10. 2026-06-07
    days on market $419,000 Active 31 DOM
11. 2026-06-05
    days on market $419,000 Active 28 DOM
12. 2026-06-03
    days on market $419,000 Active 27 DOM
13. 2026-06-02
    days on market $419,000 Active 26 DOM
14. 2026-06-01
    days on market $419,000 Active 25 DOM
15. 2026-05-31
    days on market $419,000 Active 24 DOM
16. 2026-05-30
    days on market $419,000 Active 23 DOM
17. 2026-05-07
    listed $425,000 New 1035-char remark
18. 2021-12-17
    soldstatus $340,000 Sold 881-char remark

    Show marketing remark (881 chars)

    Contingent offer pending. Builders offering a $6,000 credit toward loan and closing costs, if under contract before 11/15/21. Less than 3 minutes to the interstate, (also super quick access to HWYs 77 & 34) Brand New, 3 bedroom, 2 bath, all electric, affordable home, with a large yard. . granite counter tops, easy to care for stainless steel appliances, gorgeous engineered hardwood flooring, and fire place, within a modern open concept. 1st floor laundry. Walk out basement and deck extending from dining area will allow you to enjoy your large back yard. Sod and UGS are part of the package. Maintenance free exterior. The unfinished basement allows the new owners, an opportunity to make it like they want over time. There are rough ins for a third bath, piped for passive radon. A new home in a new neighborhood and ready to go. Call for an appointment today!

19. 2021-11-03
    status Pending 881-char remark

    Show marketing remark (881 chars)

    Contingent offer pending. Builders offering a $6,000 credit toward loan and closing costs, if under contract before 11/15/21. Less than 3 minutes to the interstate, (also super quick access to HWYs 77 & 34) Brand New, 3 bedroom, 2 bath, all electric, affordable home, with a large yard. . granite counter tops, easy to care for stainless steel appliances, gorgeous engineered hardwood flooring, and fire place, within a modern open concept. 1st floor laundry. Walk out basement and deck extending from dining area will allow you to enjoy your large back yard. Sod and UGS are part of the package. Maintenance free exterior. The unfinished basement allows the new owners, an opportunity to make it like they want over time. There are rough ins for a third bath, piped for passive radon. A new home in a new neighborhood and ready to go. Call for an appointment today!

20. 2021-10-01
    listed $340,000 Active - New 881-char remark

    Show marketing remark (881 chars)

    Contingent offer pending. Builders offering a $6,000 credit toward loan and closing costs, if under contract before 11/15/21. Less than 3 minutes to the interstate, (also super quick access to HWYs 77 & 34) Brand New, 3 bedroom, 2 bath, all electric, affordable home, with a large yard. . granite counter tops, easy to care for stainless steel appliances, gorgeous engineered hardwood flooring, and fire place, within a modern open concept. 1st floor laundry. Walk out basement and deck extending from dining area will allow you to enjoy your large back yard. Sod and UGS are part of the package. Maintenance free exterior. The unfinished basement allows the new owners, an opportunity to make it like they want over time. There are rough ins for a third bath, piped for passive radon. A new home in a new neighborhood and ready to go. Call for an appointment today!

21. 2021-02-15
    soldstatus $52,000 Sold
22. 2020-12-11
    status Pending
23. 2020-06-10
    listed $52,000 Active - New
24. 2020-06-09
    historical
25. 2020-04-02
    historical
26. 2020-01-02
    listed $52,000 Active - New
27. 2020-01-01
    historical
28. 2019-11-19
    listed $342,000 Active - New
29. 2019-09-18
    price $52,000
30. 2019-08-05
    listed $67,000 Active - New
31. 2019-04-26
    historical
32. 2018-05-30
    listed $67,000 Active

ⓘ 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: $4,094 · $341/mo
• Projected year-2 tax: $7,180 · $598/mo
• Expected delta: +$3,086/yr (+$257/mo · 75.4%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°F today · 16 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: $25,158
• − Mortgage interest: −$23,246
• − Property taxes: −$4,094
• − Insurance: −$2,075
• − Repairs & maintenance: −$2,013
• − Management: −$2,013
• − HOA: −$96
• − Depreciation: −$12,073
• Taxable loss: −$20,451
• Est. tax savings @ 24.0%: +$4,908
• After-tax cash flow: $-7,597/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: Lincoln Public Schools
• NCES district ID: 3172840
• Math proficiency: 50% ▼ -6.00%
• Reading proficiency: 53% ▼ -3.00%
• Median HH income: $50,273
• Composite: 44.05/100
• National rank: #2880
• State rank: #59 of 111 in NE

Livability — Lincoln

• Score: 85/100
• State rank: #5
• US rank: #545

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lincoln, NE
• City population: 291,509
• Population (ZIP): 265

Population outlook (Lancaster County) Hauer SSP2

• Today (2025): 352,806 people
• By 2030: 377,899 · +7.1%
• By 2040: 428,582 · +21.5%
• By 2050: 483,103 · +36.9%
• By 2075: 632,390 · +79.2%
• By 2100: 759,513 · +115.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (100%)
• Race & ethnicity: White 100%
• Common ancestry: Portuguese 14%

Political lean MEDSL · Lancaster

• 2024 margin: Toss-up / Even · D 51.4% · R 47.1% · Other 1.5%
• 2008→2024 swing: -0.7pp no change · 2008: 5.0pp · 2024: 4.3pp
• All cycles: 2024: D+4.3 2020: D+7.8 2016: D+0.1 2012: R+1.0 2008: D+5.0

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

+519.4% since first listed

19 events — show timeline

• 2026-06-13 Listing Removed — GPRMLS
• 2026-06-13 Listed $415,000 GPRMLS
• 2026-05-29 Price Changed $419,000 GPRMLS
• 2026-05-07 Listed $425,000 GPRMLS
• 2021-12-17 Sold (MLS) $340,000 GPRMLS
• 2021-11-03 Pending — GPRMLS
• 2021-10-01 Listed $340,000 GPRMLS
• 2021-02-15 Sold (MLS) $52,000 GPRMLS
• 2020-12-11 Pending — GPRMLS
• 2020-06-10 Listed $52,000 GPRMLS
• 2020-06-09 Listing Removed — GPRMLS
• 2020-04-02 Listing Removed — GPRMLS
• 2020-01-02 Listed $52,000 GPRMLS
• 2020-01-01 Listing Removed — GPRMLS
• 2019-11-19 Listed $342,000 GPRMLS
• 2019-09-18 Price Changed $52,000 GPRMLS
• 2019-08-05 Listed $67,000 GPRMLS
• 2019-04-26 Listing Removed — GPRMLS
• 2018-05-30 Listed $67,000 GPRMLS

Property tax history

+60.0%/yr

Latest (2025): $4,094 · -8.2% YoY. Source: county tax records.