1342 Avenue C · Bayard, NE 69361

$47,000

2 bd · 1.0 ba · 838 sqft · SingleFamily public records · 27 Days on market

Built 1915

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• Garage
• Built 1915
• Listed 26 days

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Frame and stucco construction
• Exterior features: Public water; Public sewer

Interior

• Heating & cooling: Window unit cooling
• Interior features: Gas water heater; Window air conditioning unit(s); Basement
• Laundry & utility: Main level laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $47k.

Deal economics

• At list price, monthly cash flow is $365 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($850 rent vs $47k).
• Recommended offer: $46k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#140 in NE) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, schools D-, amenities F.
• Bayard Public Schools (rural): math 35% / reading 30% proficiency, ranked #231 of 245 in NE (top 94%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 101 active listings in the ZIP.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $325 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Morrill County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $13k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($46k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $6k; list at $47k implies a 670% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $46,295 (1.5% below list)

Questions for the listing agent

1. Built in 1915 — 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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.81% ✓
• Cap rate: 15.62%
• Cash-on-cash: 33.30%
• DSCR: 2.48
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $100,560
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
718 Avenue B	0.49mi	2/1.0	880 (+5%)	6mo	$60,000	$68	64
943 1st Ave	0.38mi	1/1.0 (-1)	832 (-1%)	18mo	$100,000	$120	61
719 Avenue B	0.49mi	3/1.0 (+1)	864 (+3%)	10mo	$50,000	$58	59
142 8th St	0.43mi	2/2.0	816 (-3%)	18mo	$85,000	$104	56
326 W 10th St	0.30mi	3/2.0 (+1)	748 (-11%)	14mo	$135,000	$180	48
627 1st Ave	0.60mi	3/2.0 (+1)	946 (+13%)	24mo	$142,000	$150	22

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: 28.5%
• Equity multiple: 2.19×
• Total profit: $15,646
• Equity at exit: $7,008

10-year hold

• IRR: 35.9%
• Equity multiple: 4.31×
• Total profit: $43,582
• Equity at exit: $4,064

Cash invested: $13,160 (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 69361

• Active inventory: 101
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $850 medium
• Mortgage (P&I): −$246
• Tax from tax record: −$40 /mo · $481/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$178
• Net cashflow: $365

Break-even live

Break-even rent $388

Max offer price $47,000

Occupancy floor 52%

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: $11,750
• Closing costs: $1,410
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $47,000 Active 27 DOM
2. 2026-06-17
   days on market $47,000 Active 26 DOM
3. 2026-06-16
   days on market $47,000 Active 25 DOM
4. 2026-06-15
   days on market $47,000 Active 24 DOM
5. 2026-06-13
   days on market $47,000 Active 22 DOM
6. 2026-06-12
   days on market $47,000 Active 21 DOM
7. 2026-06-09
   days on market $47,000 Active 18 DOM
8. 2026-06-08
   days on market $47,000 Active 17 DOM
9. 2026-06-07
   days on market $47,000 Active 16 DOM
10. 2026-06-05
    days on market $47,000 Active 14 DOM
11. 2026-06-04
    days on market $47,000 Active 12 DOM
12. 2026-06-02
    days on market $47,000 Active 11 DOM
13. 2026-06-01
    days on market $47,000 Active 10 DOM
14. 2026-05-31
    days on market $47,000 Active 9 DOM
15. 2026-04-30
    price $47,000
16. 2026-04-10
    price $48,500
17. 2026-03-24
    listed $49,000 Active
18. 1989-10-23
    soldstatus $6,100

ⓘ 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: $481 · $40/mo
• Projected year-2 tax: $813 · $68/mo
• Expected delta: +$332/yr (+$28/mo · 69.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 19 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: $10,198
• − Mortgage interest: −$2,633
• − Property taxes: −$481
• − Insurance: −$235
• − Repairs & maintenance: −$816
• − Management: −$816
• − Depreciation: −$1,367
• Taxable income: $3,850
• Est. tax owed @ 24.0%: −$924
• After-tax cash flow: $3,459/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: Bayard Public Schools
• NCES district ID: 3100090
• Math proficiency: 35% ▼ -3.00%
• Reading proficiency: 30% ▼ -7.00%
• Median HH income: $43,680
• Composite: 30.41/100
• National rank: #11519
• State rank: #231 of 245 in NE

Livability — Bayard

• Score: 73/100
• State rank: #140
• US rank: #5135

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bayard, NE
• Population (ZIP): 16,965

Population outlook (Morrill County) Hauer SSP2

• Today (2025): 4,778 people
• By 2030: 4,767 · -0.2%
• By 2040: 4,841 · +1.3%
• By 2050: 5,013 · +4.9%
• By 2075: 5,717 · +19.7%
• By 2100: 6,522 · +36.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Hispanic / Latino 26% Two or more races 12% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 23%
• Common ancestry: Iranian 2% Scotch-Irish 2% Portuguese 1%
• Foreign-born: 4% · Canada
• Languages at home: 88% English-only · Spanish 10% Other Asian/Pacific 1%

Political lean MEDSL · Morrill

• 2024 margin: Solid R (+68.4) · D 15.1% · R 83.5% · Other 1.4%
• 2008→2024 swing: -18.7pp toward R · 2008: -49.7pp · 2024: -68.4pp
• All cycles: 2024: R+68.4 2020: R+67.5 2016: R+69.5 2012: R+56.1 2008: R+49.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -181.96%
• Current HPI: 169.5952
• 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

+670.5% since first listed

5 events — show timeline

• 2026-05-21 Listed $47,000 WNBOR
• 2026-04-30 Price Changed $47,000 WNBOR
• 2026-04-10 Price Changed $48,500 WNBOR
• 2026-03-24 Listed $49,000 WNBOR
• 1989-10-23 Sold (Public Records) $6,100 Public Records

Property tax history

+3.0%/yr

Latest (2025): $481 · -4.2% YoY. Source: county tax records.