519 E 7th St · Hastings, NE 68901

$125,000

4 bd · 2.0 ba · 1,876 sqft · SingleFamily public records · 163 Days on market

Built 1926 $67/sqft · at area comps Est $206k · 39% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• 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

Spacious 4-bedroom, 2-bath home conveniently located near Hastings College. The property offers generous living space and a functional layout. Currently tenant-occupied and being sold subject to existing tenancy, making it a great investment opportunity in a desirable location or a excellent family home with lots of living space.

Key facts

• Desirable location
• Functional layout
• Built 1926

Tags

• GENEROUS LIVING SPACE
• FUNCTIONAL LAYOUT
• INVESTMENT OPPORTUNITY
• DESIRABLE LOCATION

🏷️ Possibly a rental listed for sale. The $125,000 price doesn't fit this home's estimated sale value (~$206,290) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $498 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.1% vs local median 4.4% 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.
• Market conditions: 191 active listings in the ZIP; 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 $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 163 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $24k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $76k; list at $125k implies a 65% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $110,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 163 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1926 — 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: 1.42% ✓
• Cap rate: 11.07%
• Cash-on-cash: 17.07%
• DSCR: 1.76
• GRM: 5.9

CMA / ARV

• ARV (median comp): $206,290
• List price: $125,000
• Delta: -39.41%
• 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
406 E 6th St	0.15mi	4/2.0	1,942 (+4%)	6mo	$185,000	$95	82
511 E 4th St	0.21mi	3/2.0 (-1)	1,942 (+4%)	8mo	$230,000	$118	72
503-511-513 N Elm Ave	0.16mi	3/3.0 (-1)	1,993 (+6%)	4mo	$175,000	$88	70
523 N 2nd Ave	0.35mi	3/2.0 (-1)	1,768 (-6%)	4mo	$265,000	$150	66
747 E 3rd St	0.32mi	3/2.0 (-1)	1,972 (+5%)	9mo	$135,900	$69	64
834 East Side Blvd	0.41mi	3/2.0 (-1)	1,800 (-4%)	13mo	$180,000	$100	58
743 E 4th St	0.28mi	3/2.0 (-1)	1,666 (-11%)	6mo	$172,000	$103	58
728 N Colorado Ave	0.48mi	5/3.0 (+1)	1,931 (+3%)	13mo	$243,800	$126	53
1310 Mcdonald Ave	0.69mi	3/2.0 (-1)	1,862 (-1%)	16mo	$150,000	$81	48
415 W 9th St	0.64mi	3/3.0 (-1)	1,988 (+6%)	9mo	$115,000	$58	44
507 Lakeside Drrive Dr	0.40mi	3/2.0 (-1)	2,154 (+15%)	14mo	$279,900	$130	40
141 E Park St	0.54mi	3/2.5 (-1)	2,126 (+13%)	11mo	$255,000	$120	37

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: 8.4%
• Equity multiple: 1.33×
• Total profit: $11,514
• Equity at exit: $18,638

10-year hold

• IRR: 17.6%
• Equity multiple: 2.46×
• Total profit: $51,079
• Equity at exit: $10,808

Cash invested: $35,000 (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: 191
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,777 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$198 /mo · $2,378/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $498

Break-even live

Break-even rent $1,147

Max offer price $125,000

Occupancy floor 67%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-18
   days on market $125,000 Active 163 DOM
2. 2026-06-17
   days on market $125,000 Active 162 DOM
3. 2026-06-16
   days on market $125,000 Active 161 DOM
4. 2026-06-15
   days on market $125,000 Active 160 DOM
5. 2026-06-13
   days on market $125,000 Active 158 DOM
6. 2026-06-12
   days on market $125,000 Active 157 DOM
7. 2026-06-09
   days on market $125,000 Active 154 DOM
8. 2026-06-08
   days on market $125,000 Active 153 DOM
9. 2026-06-07
   days on market $125,000 Active 152 DOM
10. 2026-06-07
    days on market $125,000 Active 151 DOM
11. 2026-06-04
    pricedays on market $125,000 Active 148 DOM
12. 2026-06-02
    days on market $129,900 Active 147 DOM
13. 2026-06-01
    days on market $129,900 Active 146 DOM
14. 2026-05-31
    days on market $129,900 Active 145 DOM
15. 2026-03-04
    price $129,900 331-char remark

    Show marketing remark (331 chars)

    Spacious 4-bedroom, 2-bath home conveniently located near Hastings College. The property offers generous living space and a functional layout. Currently tenant-occupied and being sold subject to existing tenancy, making it a great investment opportunity in a desirable location or a excellent family home with lots of living space.

16. 2026-02-04
    price $139,900 331-char remark

    Show marketing remark (331 chars)

    Spacious 4-bedroom, 2-bath home conveniently located near Hastings College. The property offers generous living space and a functional layout. Currently tenant-occupied and being sold subject to existing tenancy, making it a great investment opportunity in a desirable location or a excellent family home with lots of living space.

17. 2026-01-05
    listed $148,500 Active 331-char remark

    Show marketing remark (331 chars)

    Spacious 4-bedroom, 2-bath home conveniently located near Hastings College. The property offers generous living space and a functional layout. Currently tenant-occupied and being sold subject to existing tenancy, making it a great investment opportunity in a desirable location or a excellent family home with lots of living space.

18. 2025-06-26
    soldstatus $75,900 Closed 1508-char remark

    Show marketing remark (1508 chars)

    ONLINE ONLY REAL ESTATE AUCTION!! Property is being sold online only. Auction closing is May 20, 2025, at 7pm soft close. List price is suggested opening bid only. Final price will be determined via the auction. Final bid is subject to seller confirmation. A 10% Buyer's Premium will be added to the sales price. (For example - if you bid $100,000 the total contract price will be $110,000). A payment of $5,000 earnest money will be due within 24 hours of the auction closing. The balance will be due by cash or certified funds on or before June 24, 2025. Possession will be given at closing. Opportunity knocks just blocks from the college and popular Heartwell Park. This spacious 4-bedroom, 2-bath home (plus a 3rd bath in the basement ready for your finishing touch) offers strong rental potential or a profitable flip. Each bedroom features a walk-in closet—rare for the area and ideal for tenants or large households. A welcoming front porch adds charm. Located in a high-demand neighborhood known for consistent occupancy and appreciation. Whether you're building your portfolio or tackling your next project, this property is positioned for profit. The piano and gas stove will be left with the property. Selling AS-IS WHERE IS, not contingent on securing financing. The buyer is responsible to do their own inspections and secure financing prior to the auction closing. Please consult your loan agency prior to the sale. The 2025 real estate taxes will be prorated to the date of the closing.

19. 2025-06-26
    soldstatus $76,000

    Show marketing remark (1508 chars)

    ONLINE ONLY REAL ESTATE AUCTION!! Property is being sold online only. Auction closing is May 20, 2025, at 7pm soft close. List price is suggested opening bid only. Final price will be determined via the auction. Final bid is subject to seller confirmation. A 10% Buyer's Premium will be added to the sales price. (For example - if you bid $100,000 the total contract price will be $110,000). A payment of $5,000 earnest money will be due within 24 hours of the auction closing. The balance will be due by cash or certified funds on or before June 24, 2025. Possession will be given at closing. Opportunity knocks just blocks from the college and popular Heartwell Park. This spacious 4-bedroom, 2-bath home (plus a 3rd bath in the basement ready for your finishing touch) offers strong rental potential or a profitable flip. Each bedroom features a walk-in closet—rare for the area and ideal for tenants or large households. A welcoming front porch adds charm. Located in a high-demand neighborhood known for consistent occupancy and appreciation. Whether you're building your portfolio or tackling your next project, this property is positioned for profit. The piano and gas stove will be left with the property. Selling AS-IS WHERE IS, not contingent on securing financing. The buyer is responsible to do their own inspections and secure financing prior to the auction closing. Please consult your loan agency prior to the sale. The 2025 real estate taxes will be prorated to the date of the closing.

20. 2025-05-21
    status Pending 1508-char remark

    Show marketing remark (1508 chars)

    ONLINE ONLY REAL ESTATE AUCTION!! Property is being sold online only. Auction closing is May 20, 2025, at 7pm soft close. List price is suggested opening bid only. Final price will be determined via the auction. Final bid is subject to seller confirmation. A 10% Buyer's Premium will be added to the sales price. (For example - if you bid $100,000 the total contract price will be $110,000). A payment of $5,000 earnest money will be due within 24 hours of the auction closing. The balance will be due by cash or certified funds on or before June 24, 2025. Possession will be given at closing. Opportunity knocks just blocks from the college and popular Heartwell Park. This spacious 4-bedroom, 2-bath home (plus a 3rd bath in the basement ready for your finishing touch) offers strong rental potential or a profitable flip. Each bedroom features a walk-in closet—rare for the area and ideal for tenants or large households. A welcoming front porch adds charm. Located in a high-demand neighborhood known for consistent occupancy and appreciation. Whether you're building your portfolio or tackling your next project, this property is positioned for profit. The piano and gas stove will be left with the property. Selling AS-IS WHERE IS, not contingent on securing financing. The buyer is responsible to do their own inspections and secure financing prior to the auction closing. Please consult your loan agency prior to the sale. The 2025 real estate taxes will be prorated to the date of the closing.

21. 2025-04-08
    listed $20,000 Active 1508-char remark

    Show marketing remark (1508 chars)

    ONLINE ONLY REAL ESTATE AUCTION!! Property is being sold online only. Auction closing is May 20, 2025, at 7pm soft close. List price is suggested opening bid only. Final price will be determined via the auction. Final bid is subject to seller confirmation. A 10% Buyer's Premium will be added to the sales price. (For example - if you bid $100,000 the total contract price will be $110,000). A payment of $5,000 earnest money will be due within 24 hours of the auction closing. The balance will be due by cash or certified funds on or before June 24, 2025. Possession will be given at closing. Opportunity knocks just blocks from the college and popular Heartwell Park. This spacious 4-bedroom, 2-bath home (plus a 3rd bath in the basement ready for your finishing touch) offers strong rental potential or a profitable flip. Each bedroom features a walk-in closet—rare for the area and ideal for tenants or large households. A welcoming front porch adds charm. Located in a high-demand neighborhood known for consistent occupancy and appreciation. Whether you're building your portfolio or tackling your next project, this property is positioned for profit. The piano and gas stove will be left with the property. Selling AS-IS WHERE IS, not contingent on securing financing. The buyer is responsible to do their own inspections and secure financing prior to the auction closing. Please consult your loan agency prior to the sale. The 2025 real estate taxes will be prorated to the date of the closing.

ⓘ 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: $2,378 · $198/mo
• Projected year-2 tax: $2,378 · $198/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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: $21,322
• − Mortgage interest: −$7,002
• − Property taxes: −$2,378
• − Insurance: −$625
• − Repairs & maintenance: −$1,706
• − Management: −$1,706
• − Depreciation: −$3,636
• Taxable income: $4,270
• Est. tax owed @ 24.0%: −$1,025
• After-tax cash flow: $4,951/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

+549.5% since first listed

7 events — show timeline

• 2026-03-04 Price Changed $129,900 GMNMLS
• 2026-02-04 Price Changed $139,900 GMNMLS
• 2026-01-05 Listed $148,500 GMNMLS
• 2025-06-26 Sold (Public Records) $76,000 Public Records
• 2025-06-26 Sold (MLS) $75,900 GMNMLS
• 2025-05-21 Pending — GMNMLS
• 2025-04-08 Listed $20,000 GMNMLS

Property tax history

+2.6%/yr

Latest (2025): $2,378 · +32.6% YoY. Source: county tax records.