4939 Pine St · Omaha, NE 68106

$220,000

3 bd · 1.0 ba · 1,592 sqft · Other public records · 1 Days on market

Built 1941 6,970 sqft lot

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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 +14.5/30.0
• ARV discount +7.5/15.0
• DSCR +4.4/10.0
• 1% rule +4.2/10.0
• Livability +4.2/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charmer in Morton Meadows is perfect for an investment opportunity or prime location for college students near Aksarben, UNO & UNMC! This is a well maintained 1.5-story home with large family room addition on a private, top-of-the-hill setting. The new triple-pane windows, water heater, and furnace makes this home move-in ready! Large non-conforming 4th bedroom below with potential for 2nd bath. Short walk to the park, grocery stores, post office, Beals Elementary, bars & restaurants. Schedule your showing today!

Key facts

• New siding
• Brand new roof
• Finished lower level

Tags

• PRIVATE HILLTOP SETTING
• SPACIOUS FAMILY ROOM ADDITION
• BRAND NEW ROOF
• NEW SIDING
• FINISHED LOWER LEVEL

Property features AI

Finance

• Other: Living area reported as 1,640 total with 1,440 above grade and 200 below grade finished

Exterior

• Parking: Attached garage (1 covered space, 1 parking total)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one-half levels; Built in 1941; Not new / not a model; Below-grade finished area included
• Construction: Block foundation
• Exterior features: Patio; Partial fencing; Lot approximately 0.16 acre (about 142 x 50)

Interior

• Kitchen: Range; Refrigerator; Freezer; Dishwasher; Microwave
• Bedrooms: Master bedroom on main floor; Second bedroom on main floor; Third bedroom on second floor
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Partial basement; No fireplaces

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $220k.

Deal economics

• At list price, monthly cash flow is $49 ($585/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 $203k (7.7% below list).
• Recommended offer: $203k (7.7% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 3.6% in Omaha — 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 84/100 on livability (#7 in NE, #663 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F.
• Omaha Public Schools (urban): math 20% / reading 28% proficiency, ranked #110 of 111 in NE (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Beals Elementary School (math 27% / reading 37%, grade F, #405 of 502 statewide, top 84%, 305 students, 0% FRL); Norris Middle School (math 11% / reading 16%, grade F, #126 of 128 statewide, top 98%, 1,187 students, 0% FRL); Central High School (math 29% / reading 40%, grade F, #208 of 261 statewide, top 86%, 2,738 students, 0% FRL) — zoned schools average 0% FRL vs 62% district-wide (62 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+4.3%/yr); 88 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 4,539 units permitted in Douglas County in 2024 (2,583 in 5+ unit buildings).
• This rent runs 35% of the median local income ($70k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Douglas County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts since 25y 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 $167k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1941 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $203,043 (7.7% below list)

Questions for the listing agent

1. Built in 1941 — 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. Crime grade is F 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?
4. 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?
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: 0.92% ✗
• Cap rate: 6.56%
• Cash-on-cash: 0.95%
• DSCR: 1.04
• GRM: 9.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.26% rent growth · sell at horizon

5-year hold

• IRR: -13.3%
• Equity multiple: 0.51×
• Total profit: $-29,884
• Equity at exit: $32,803

10-year hold

• IRR: -2.5%
• Equity multiple: 0.82×
• Total profit: $-10,837
• Equity at exit: $19,022

Cash invested: $61,600 (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 68106

• Rents YoY: 4.3%
• Active inventory: 88
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,030 high
• Mortgage (P&I): −$1,154
• Tax from tax record: −$310 /mo · $3,719/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$426
• Net cashflow: $49

Break-even live

Break-even rent $1,969

Max offer price $220,000

Occupancy floor 93%

Sensitivity live

Price	-10% $173	-5% $111	+0% $49	+5% $-13	+10% $-76
Rent	-10% $-112	-5% $-31	+0% $49	+5% $129	+10% $209
Rate	-1.0pp $160	-0.5pp $105	base $49	+0.5pp $-8	+1.0pp $-66

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4844 Hickory St Omaha, NE	3.0	1.5	1575	$2,100	$1.33	25d	1	0.14mi
4841 Pierce St Omaha, NE	3.0	1.0	1350	$2,000	$1.48	5d	1	0.29mi
5136 Poppleton Ave Omaha, NE	2.0	1.5	1440	$1,600	$1.11	13d	1	0.30mi
5132 Poppleton Ave Unit 5136 Omaha, NE	2.0	1.5	1440	$1,600	$1.11	13d	1	0.32mi
5156 Pierce St Omaha, NE	3.0	1.5	1400	$1,695	$1.21	45d	1	0.36mi
2132 S 48th Ave Omaha, NE	3.0	2.0	1849	$1,900	$1.03	5d	1	0.40mi
2130 S 47th St Omaha, NE	4.0	2.0	1270	$2,100	$1.65	45d	1	0.46mi
5518 Woolworth Ave Omaha, NE	4.0	3.0	1765	$2,700	$1.53	13d	1	0.47mi
814 S 50th Ave Omaha, NE	4.0	2.0	2239	$3,000	$1.34	45d	1	0.55mi
2001 S 60th St Omaha, NE	3.0	2.0	1965	$2,095	$1.07	16d	1	0.78mi
4207 Barker Ave Omaha, NE	3.0	1.0	1200	$1,595	$1.33	45d	1	0.83mi
4228 Mayberry St Omaha, NE	4.0	1.0	1664	$1,700	$1.02	16d	1	0.84mi
4535 Oak St Omaha, NE	3.0	1.0	1200	$1,385	$1.15	45d	1	0.86mi
2115 S 61st St Omaha, NE	3.0	2.0	1696	$2,400	$1.42	25d	1	0.88mi
519 S 56th St Omaha, NE	3.0	2.0	1474	$2,600	$1.76	25d	1	0.91mi
4015 Marcy St Omaha, NE	3.0	1.0	1238	$1,695	$1.37	16d	1	0.96mi
2130 S 61st Ave Omaha, NE	3.0	2.0	2023	$2,350	$1.16	5d	1	0.98mi
4623 Douglas St Omaha, NE	3.0	2.0	1510	$1,750	$1.16	23d	1	1.05mi
3940 Arbor St Omaha, NE	3.0	1.0	1316	$1,800	$1.37	45d	1	1.06mi
4647 Dodge St Omaha, NE	2.0	1.0–2.0	775	$2,850	$3.68	25d	32	1.10mi
2225 S 64th Plz Omaha, NE	2.0	1.0–2.0	905	$2,795	$3.09	4d	30	1.14mi
201 N 46th St Omaha, NE	2.0	1.0–2.0	825	$1,895	$2.30	5d	40	1.19mi
4216 Vinton St Unit 4220 VINTON Omaha, NE	2.0	1.0	1300	$1,675	$1.29	16d	1	1.21mi
5101 Grover St Unit 5633 Omaha, NE	3.0	1.5	1200	$1,695	$1.41	45d	1	1.21mi
5101 Grover St Unit 5635 Omaha, NE	3.0	2.0	1200	$1,800	$1.50	13d	1	1.21mi
3814 Leavenworth St Omaha, NE	2.0	1.0–2.0	818	$1,920	$2.35	25d	19	1.22mi
4903 Chicago St Omaha, NE	1.0–2.0	1.0–2.0	1100	$1,250	$1.14	23d	1	1.25mi
4817 Chicago St Unit 11 Omaha, NE	2.0	1.0	1250	$1,195	$0.96	45d	1	1.25mi
1018 S 36th St Omaha, NE	2.0	2.0	1462	$2,700	$1.85	45d	1	1.27mi
3919 Farnam St Unit 3915 Farnam Omaha, NE	4.0	2.0	1700	$2,350	$1.38	45d	1	1.30mi
411 S 38th Ave Omaha, NE	3.0	3.0	1872	$1,995	$1.07	45d	1	1.36mi
3601 Jones St Omaha, NE	2.0	1.0–2.0	861	$2,214	$2.57	5d	24	1.37mi
617 S 37th St Omaha, NE	1.0–2.0	1.0	845	$1,285	$1.52	12d	8	1.38mi
140 N 41st St Omaha, NE	3.0	2.5	1640	$2,495	$1.52	45d	1	1.39mi
4918 California St Omaha, NE	3.0	1.0	1369	$1,695	$1.24	25d	1	1.40mi
5016 California St #12 Omaha, NE	2.0	2.0	1084	$1,600	$1.48	25d	1	1.41mi
120 N 40th St Omaha, NE	3.0	1.0	1264	$1,745	$1.38	25d	1	1.41mi
535 S 37th St Omaha, NE	1.0–2.0	1.0–2.0	1025	$1,475	$1.44	13d	3	1.42mi
120 N 39th St Omaha, NE	2.0	1.0–2.0	808	$2,375	$2.94	5d	46	1.44mi
3804 Farnam St Omaha, NE	2.0	1.0–2.0	973	$1,622	$1.67	16d	2	1.44mi

Listing history 2 events

1. 2026-06-07
   remarks 699-char remark
2. 2026-06-07
   listed $220,000 Pending 1 DOM

ⓘ 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: $3,719 · $310/mo
• Projected year-2 tax: $3,806 · $317/mo
• Expected delta: +$87/yr (+$7/mo · 2.3%)

ⓘ 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 ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,365
• − Mortgage interest: −$12,323
• − Property taxes: −$3,719
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,949
• − Management: −$1,949
• − Depreciation: −$6,400
• Taxable loss: −$3,075
• Est. tax savings @ 24.0%: +$738
• After-tax cash flow: $1,323/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: Omaha Public Schools
• NCES district ID: 3174820
• Math proficiency: 20% ▼ -10.00%
• Reading proficiency: 28% ▼ -5.00%
• Median HH income: $46,039
• Composite: 20.83/100
• National rank: #8502
• State rank: #110 of 111 in NE

Livability — Omaha

• Score: 84/100
• State rank: #7
• US rank: #663

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Omaha, NE
• County: Douglas County · 538,646 people
• City population: 552,986
• Metro: Omaha-Council Bluffs, NE-IA
• Population (ZIP): 21,224
• Household income: $69,806
• Rent vs Own: 48.9% rent · 51.1% own
• Severe rent burden: 1402.0

Population outlook (Douglas County) Hauer SSP2

• Today (2025): 625,245 people
• By 2030: 661,613 · +5.8%
• By 2040: 732,395 · +17.1%
• By 2050: 801,988 · +28.3%
• By 2075: 968,637 · +54.9%
• By 2100: 1,101,871 · +76.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 13% Two or more races 8% Black 7% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Romanian 4% Slovak 2% Portuguese 2%
• Foreign-born: 11% · Canada, United Kingdom, Jamaica
• Languages at home: 84% English-only · Spanish 9% Other Indo-European 2% French/Haitian/Cajun 1%

Political lean MEDSL · Douglas

• 2024 margin: D (+10.2) · D 54.4% · R 44.2% · Other 1.4%
• 2008→2024 swing: +5.5pp toward D · 2008: 4.6pp · 2024: 10.2pp
• All cycles: 2024: D+10.2 2020: D+11.3 2016: D+1.4 2012: R+4.3 2008: D+4.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -268.80%
• Current HPI: 261.1403
• Rent YoY: ▲ 4.26%
• Metro: Omaha-Council Bluffs, NE-IA
• 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

+134.8% since first listed

34 events — show timeline

• 2026-06-05 Pending — GPRMLS
• 2026-06-04 Listed $220,000 GPRMLS
• 2020-12-02 Sold (Public Records) $167,000 Public Records
• 2020-11-30 Sold (MLS) $167,000 GPRMLS
• 2020-10-06 Pending — GPRMLS
• 2020-10-05 Price Changed $164,000 GPRMLS
• 2020-09-30 Listed $169,000 GPRMLS
• 2018-11-28 Sold (Public Records) $134,000 Public Records
• 2018-11-26 Sold (MLS) $133,500 GPRMLS
• 2018-10-18 Pending — GPRMLS
• 2018-09-28 Price Changed $134,500 GPRMLS
• 2018-09-27 Relisted — GPRMLS
• 2018-09-18 Pending — GPRMLS
• 2018-07-26 Price Changed $138,500 GPRMLS
• 2018-07-13 Price Changed $142,500 GPRMLS
• 2018-07-12 Listed $142,000 GPRMLS
• 2018-07-10 Listing Removed — GPRMLS
• 2018-06-13 Price Changed $145,000 GPRMLS
• 2018-05-31 Listed $150,000 GPRMLS
• 2009-11-19 Sold (Public Records) $113,000 Public Records
• 2009-11-13 Sold (MLS) $112,950 GPRMLS
• 2009-10-01 Listing Removed — GPRMLS
• 2009-07-22 Listed $112,900 GPRMLS
• 2004-06-16 Sold (Public Records) $101,000 Public Records
• 2004-06-11 Sold (MLS) $101,000 GPRMLS
• 2004-05-07 Listing Removed — GPRMLS
• 2004-03-10 Listed $104,950 GPRMLS
• 2003-08-23 Sold (Public Records) $105,000 Public Records
• 2003-06-20 Sold (MLS) $105,000 GPRMLS
• 2003-05-31 Listing Removed — GPRMLS
• 2003-04-14 Listed $109,950 GPRMLS
• 2001-08-16 Sold (MLS) $90,000 GPRMLS
• 2001-07-18 Listing Removed — GPRMLS
• 2001-06-07 Listed $93,700 GPRMLS

Property tax history

+4.1%/yr

Latest (2025): $3,719 · +15.5% YoY. Source: county tax records.