434 S 2nd St · Seward, NE 68434

$179,000

4 bd · 2.0 ba · 1,463 sqft · SingleFamily public records · 49 Days on market

Built 1900 5,227 sqft lot $122/sqft · 24% below area Est $236k · 24% under

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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 +23.2/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• Schools +5.9/10.0
• 1% rule +5.1/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this adorable, completely remodeled four bedroom two bath home! Enter into the bright living room with plentiful sunshine, and then move to the large dining room and kitchen! The first floor has two nice size bedrooms and large bath. The lower level has two large bedrooms and a full bath and new carpeting! This home is close to shopping and restaurants!

Key facts

• 5,227 sq ft lot
• Garage
• Built 1900

Property features AI

Exterior

• Parking: Attached garage (1 covered space, total 1 parking space)
• Utilities: Public water; Public sewer; Electricity available on property; Natural gas available; Phone available; Cable available; Fiber optic available
• Home design: Single-family residence; Residential property; Not new / not a model; Approximately 1,470 total building area with about 770 above grade and 700 below grade; Composition roof
• Construction: Vinyl siding; Block foundation; Built in 1900
• Exterior features: Patio; Chain link fencing; Paved road access; City lot with public sidewalk; Lot roughly 118 x 42 x 118 x 42 (approximately 0.12 acre)

Interior

• Kitchen: Range
• Bedrooms: Master bedroom on main floor (12' x 13'); Bedroom 2 on main floor (7' x 10'); Bedroom 3 in basement (7' x 12'); Bedroom 4 in basement (12' x 16')
• Flooring: Carpet; Luxury vinyl plank
• Bathrooms: 2 full bathrooms (1 on main level)
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Daylight basement; No fireplaces; Range

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $179k.

Deal economics

• At list price, monthly cash flow is $323 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $179k).
• Recommended offer: $174k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 2.9% in Seward — 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 83/100 on livability (#12 in NE, #886 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Seward Public Schools (town): math 73% / reading 63% proficiency, ranked #5 of 111 in NE (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 16% free/reduced lunch — higher-income household profile.
• Zoned schools: Seward Elementary School (math 72% / reading 62%, grade B+, #64 of 502 statewide, top 14%, 573 students, 26% FRL); Seward Middle School (math 75% / reading 63%, grade A, #5 of 128 statewide, top 3%, 422 students, 20% FRL); Seward High School (math 67% / reading 62%, grade B-, #25 of 261 statewide, top 13%, 501 students, 19% FRL).
• Market conditions: 62 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 94 units permitted in Seward County in 2024 (48 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 $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($174k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $62k; list at $179k implies a 189% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $173,630 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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 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. 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: 1.01% ✓
• Cap rate: 8.46%
• Cash-on-cash: 7.73%
• DSCR: 1.34
• GRM: 8.3

CMA / ARV

• ARV (median comp): $236,086
• List price: $179,000
• Delta: -24.18%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
426 S 1st St	0.06mi	4/2.0	1,441 (-2%)	0mo	$245,000	$170	94
325 S 2nd St	0.07mi	3/1.0 (-1)	1,550 (+6%)	10mo	$200,000	$129	70
146 Jackson Ave	0.31mi	3/1.5 (-1)	1,384 (-5%)	4mo	$245,000	$177	67
334 Bradford St	0.39mi	3/2.0 (-1)	1,552 (+6%)	6mo	$235,000	$151	61
1042 Seward St	0.61mi	3/2.0 (-1)	1,407 (-4%)	10mo	$175,000	$124	52
541 N 5th St	0.58mi	3/1.0 (-1)	1,430 (-2%)	13mo	$226,850	$159	50
404 N 8 St	0.58mi	4/1.0	1,376 (-6%)	12mo	$225,000	$164	49
638 N 7th St	0.66mi	4/1.5	1,552 (+6%)	16mo	$229,000	$148	44
537 Woodsage Rd	0.73mi	3/2.5 (-1)	1,537 (+5%)	12mo	$444,615	$289	40
1008 Elm St	0.53mi	3/1.5 (-1)	1,286 (-12%)	11mo	$70,000	$54	39
906 Bradford St	0.60mi	4/2.0	1,654 (+13%)	16mo	$212,000	$128	37
605 N 7th St	0.66mi	4/2.0	1,655 (+13%)	19mo	$220,000	$133	32

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: -4.5%
• Equity multiple: 0.83×
• Total profit: $-8,493
• Equity at exit: $26,689

10-year hold

• IRR: 5.1%
• Equity multiple: 1.38×
• Total profit: $18,858
• Equity at exit: $15,477

Cash invested: $50,120 (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 68434

• Home prices YoY: -32.0%
• Active inventory: 62
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,800 medium
• Mortgage (P&I): −$939
• Tax from tax record: −$86 /mo · $1,029/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$378
• Net cashflow: $323

Break-even live

Break-even rent $1,391

Max offer price $179,000

Occupancy floor 77%

Sensitivity live

Price	-10% $424	-5% $374	+0% $323	+5% $272	+10% $222
Rent	-10% $181	-5% $252	+0% $323	+5% $394	+10% $465
Rate	-1.0pp $413	-0.5pp $369	base $323	+0.5pp $277	+1.0pp $229

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
460 S 14th St Seward, NE	2.0–3.0	2.0	1085	$1,800	$1.66	14d	12	0.73mi

Listing history 18 events

1. 2026-06-18
   days on market $179,000 Active 49 DOM
2. 2026-06-17
   days on market $179,000 Active 48 DOM
3. 2026-06-16
   days on market $179,000 Active 47 DOM
4. 2026-06-15
   days on market $179,000 Active 46 DOM
5. 2026-06-14
   days on market $179,000 Active 44 DOM
6. 2026-06-10
   days on market $179,000 Active 41 DOM
7. 2026-06-09
   days on market $179,000 Active 40 DOM
8. 2026-06-08
   days on market $179,000 Active 39 DOM
9. 2026-06-07
   pricedays on market $179,000 Active 38 DOM
10. 2026-06-03
    days on market $184,000 Active 34 DOM
11. 2026-06-02
    days on market $184,000 Active 33 DOM
12. 2026-06-01
    days on market $184,000 Active 32 DOM
13. 2026-05-31
    days on market $184,000 Active 31 DOM
14. 2026-05-30
    days on market $184,000 Active 30 DOM
15. 2026-04-30
    listed $189,000 New 366-char remark
16. 2026-04-30
    historical
17. 2026-04-07
    listed $195,000 New
18. 2000-09-15
    soldstatus $62,000

ⓘ 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: $1,029 · $86/mo
• Projected year-2 tax: $3,097 · $258/mo
• Expected delta: +$2,068/yr (+$172/mo · 201.0%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 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: $21,600
• − Mortgage interest: −$10,027
• − Property taxes: −$1,029
• − Insurance: −$895
• − Repairs & maintenance: −$1,728
• − Management: −$1,728
• − Depreciation: −$5,207
• Taxable income: $986
• Est. tax owed @ 24.0%: −$237
• After-tax cash flow: $3,639/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: Seward Public Schools
• NCES district ID: 3176560
• Math proficiency: 73% ▼ -1.00%
• Reading proficiency: 63% ▼ -8.00%
• Median HH income: $61,041
• Composite: 58.82/100
• National rank: #975
• State rank: #5 of 111 in NE

Livability — Seward

• Score: 83/100
• State rank: #12
• US rank: #886

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Seward, NE
• Population (ZIP): 9,032

Population outlook (Seward County) Hauer SSP2

• Today (2025): 17,435 people
• By 2030: 17,568 · +0.8%
• By 2040: 17,692 · +1.5%
• By 2050: 17,709 · +1.6%
• By 2075: 18,052 · +3.5%
• By 2100: 18,296 · +4.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Iranian 2% Romanian 1% Portuguese 1%
• Foreign-born: 1% · China
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Seward

• 2024 margin: Solid R (+46.6) · D 26.0% · R 72.6% · Other 1.4%
• 2008→2024 swing: -20.8pp toward R · 2008: -25.8pp · 2024: -46.6pp
• All cycles: 2024: R+46.6 2020: R+44.0 2016: R+46.0 2012: R+34.7 2008: R+25.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -105.34%
• Current HPI: 224.0823
• 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

+188.7% since first listed

6 events — show timeline

• 2026-06-05 Price Changed $179,000 GPRMLS
• 2026-05-20 Price Changed $184,000 GPRMLS
• 2026-04-30 Listing Removed — GPRMLS
• 2026-04-30 Listed $189,000 GPRMLS
• 2026-04-07 Listed $195,000 GPRMLS
• 2000-09-15 Sold (Public Records) $62,000 Public Records

Property tax history

-0.6%/yr

Latest (2025): $1,029 · -11.7% YoY. Source: county tax records.