419 W 10th St · North Platte, NE 69101

$63,000

2 bd · 1.0 ba · 600 sqft · SingleFamily public records · 270 Days on market

Built 1922 $105/sqft · 6% below area Est $67k · 6% under ↓ 26% since listing

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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
• DSCR +10.0/10.0
• ARV discount +10.0/15.0
• 1% rule +8.9/10.0
• Schools +4.0/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 2-bedroom, 1-bath bungalow is full of potential and ready for its next chapter! Featuring a welcoming wood front porch, cozy enclosed sunroom, and convenient carport in back, this home offers plenty of charm and opportunity to make it your own. Recently reduced in price and offering great value for buyers or investors alike. Property is being sold as is, where is. Come see the possibilities!

Key facts

• Garage
• Built 1922
• Listed 270 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $63k.

Deal economics

• At list price, monthly cash flow is $275 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($873 rent vs $63k).
• Recommended offer: $55k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.5% vs local median 2.5% in North Platte — 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 74/100 on livability (#109 in NE, #4,400 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, amenities D, commute F.
• North Platte Public Schools (town): math 47% / reading 46% proficiency, ranked #77 of 111 in NE (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 190 active listings in the ZIP; 66 units permitted in Lincoln County in 2024 (0 in 5+ unit buildings).
• This rent is only 17% of the median local income ($62k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $436 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Lincoln County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 270 days — a 12% lower offer ($55k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1922 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $55,440 (12.0% below list)

Questions for the listing agent

1. It's been on market 270 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 1922 — 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. Schools are B-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?
6. 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.
7. 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.
8. 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: 1.39% ✓
• Cap rate: 11.54%
• Cash-on-cash: 18.73%
• DSCR: 1.83
• GRM: 6.0

CMA / ARV

• ARV (median comp): $66,770
• List price: $63,000
• Delta: -5.65%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
502 W 8th St	0.17mi	1/1.0 (-1)	568 (-5%)	1mo	$75,000	$132	78
1212 W 11th St	0.50mi	2/1.0	632 (+5%)	2mo	$90,000	$142	66
809 N Dewey St	0.35mi	2/1.0	640 (+7%)	19mo	$20,000	$31	57
1015 N Willow St	0.06mi	1/1.0 (-1)	680 (+13%)	20mo	$110,000	$162	54
711 E 8th St	0.69mi	2/1.0	648 (+8%)	6mo	$65,000	$100	50
325 E 12 St	0.46mi	2/1.0	660 (+10%)	15mo	$85,000	$129	50
1111 N Walnut St	0.52mi	1/1.0 (-1)	608 (+1%)	23mo	$65,000	$107	49

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: 10.5%
• Equity multiple: 1.42×
• Total profit: $7,326
• Equity at exit: $9,394

10-year hold

• IRR: 19.6%
• Equity multiple: 2.64×
• Total profit: $28,958
• Equity at exit: $5,447

Cash invested: $17,640 (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 69101

• Active inventory: 190
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $873 medium
• Mortgage (P&I): −$330
• Tax from tax record: −$58 /mo · $695/yr
• Insurance: −$26
• HOA: −$0
• Vacancy / Maint / Mgmt: −$183
• Net cashflow: $275

Break-even live

Break-even rent $525

Max offer price $63,000

Occupancy floor 63%

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: $15,750
• Closing costs: $1,890
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-06-01
   status $63,000 Pending 270 DOM
2. 2026-06-01
   days on market $63,000 Active 270 DOM
3. 2026-05-31
   days on market $63,000 Active 269 DOM
4. 2026-05-30
   days on market $63,000 Active 268 DOM
5. 2026-05-19
   price $63,000 399-char remark

   Show marketing remark (399 chars)

   This 2-bedroom, 1-bath bungalow is full of potential and ready for its next chapter! Featuring a welcoming wood front porch, cozy enclosed sunroom, and convenient carport in back, this home offers plenty of charm and opportunity to make it your own. Recently reduced in price and offering great value for buyers or investors alike. Property is being sold as is, where is. Come see the possibilities!

6. 2026-05-07
   price $69,000 399-char remark

   Show marketing remark (399 chars)

   This 2-bedroom, 1-bath bungalow is full of potential and ready for its next chapter! Featuring a welcoming wood front porch, cozy enclosed sunroom, and convenient carport in back, this home offers plenty of charm and opportunity to make it your own. Recently reduced in price and offering great value for buyers or investors alike. Property is being sold as is, where is. Come see the possibilities!

7. 2025-10-29
   price $80,000 399-char remark

   Show marketing remark (399 chars)

   This 2-bedroom, 1-bath bungalow is full of potential and ready for its next chapter! Featuring a welcoming wood front porch, cozy enclosed sunroom, and convenient carport in back, this home offers plenty of charm and opportunity to make it your own. Recently reduced in price and offering great value for buyers or investors alike. Property is being sold as is, where is. Come see the possibilities!

8. 2025-09-03
   listed $85,000 Active 399-char remark

   Show marketing remark (399 chars)

   This 2-bedroom, 1-bath bungalow is full of potential and ready for its next chapter! Featuring a welcoming wood front porch, cozy enclosed sunroom, and convenient carport in back, this home offers plenty of charm and opportunity to make it your own. Recently reduced in price and offering great value for buyers or investors alike. Property is being sold as is, where is. Come see the possibilities!

ⓘ 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: $695 · $58/mo
• Projected year-2 tax: $1,090 · $91/mo
• Expected delta: +$395/yr (+$33/mo · 56.8%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°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: $10,479
• − Mortgage interest: −$3,529
• − Property taxes: −$695
• − Insurance: −$315
• − Repairs & maintenance: −$838
• − Management: −$838
• − Depreciation: −$1,833
• Taxable income: $2,430
• Est. tax owed @ 24.0%: −$583
• After-tax cash flow: $2,720/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: North Platte Public Schools
• NCES district ID: 3100022
• Math proficiency: 47% ▼ -8.00%
• Reading proficiency: 46% ▼ -1.00%
• Median HH income: $47,348
• Composite: 39.64/100
• National rank: #3918
• State rank: #77 of 111 in NE

Livability — North Platte

• Score: 74/100
• State rank: #109
• US rank: #4400

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Platte, NE
• County: Lincoln County · 27,198 people
• City population: 27,198
• Metro: North Platte, NE
• Population (ZIP): 27,198
• Household income: $62,268
• Rent vs Own: 36.8% rent · 63.2% own
• Severe rent burden: 796.0

Population outlook (Lincoln County) Hauer SSP2

• Today (2025): 34,750 people
• By 2030: 34,004 · -2.1%
• By 2040: 32,310 · -7.0%
• By 2050: 30,918 · -11.0%
• By 2075: 29,245 · -15.8%
• By 2100: 29,116 · -16.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 10% Two or more races 5% Native American 1%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Slovak 2% Italian 2% Lithuanian 2%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 3% German/W. Germanic 1%

Political lean MEDSL · Lincoln

• 2024 margin: Solid R (+55.2) · D 21.8% · R 77.0% · Other 1.2%
• 2008→2024 swing: -19.7pp toward R · 2008: -35.5pp · 2024: -55.2pp
• All cycles: 2024: R+55.2 2020: R+54.6 2016: R+58.1 2012: R+40.6 2008: R+35.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -132.87%
• Current HPI: 174.088
• Rent YoY: —
• Metro: North Platte, NE
• 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

-25.9% since first listed

4 events — show timeline

• 2026-05-19 Price Changed $63,000 LCBR
• 2026-05-07 Price Changed $69,000 LCBR
• 2025-10-29 Price Changed $80,000 LCBR
• 2025-09-03 Listed $85,000 LCBR

Property tax history

+0.4%/yr

Latest (2025): $695 · +10.2% YoY. Source: county tax records.