5306 N 47th St · Omaha, NE 68104

$140,000

4 bd · 1.0 ba · 1,032 sqft · SingleFamily public records · 2 Days on market

Built 1957 7,000 sqft lot $136/sqft · 34% above area Est $189k · 26% 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 +24.9/30.0
• ARV discount +15.0/15.0
• DSCR +8.1/10.0
• 1% rule +6.6/10.0
• Livability +4.2/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks

Discover endless potential in this spacious ranch home featuring natural hardwood floors, original wood kitchen cabinets, and a tiled kitchen floor. Four bedrooms, two bathrooms. The large walkout basement offers flexible space for living or entertaining. Full of charm and ready for renovation, this property is sold as-is—an excellent opportunity to create your dream home. Schedule a tour today!

Key facts

• 7,000 sq ft lot
• Built 1957
• Listed 2 days

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Electricity available; Natural gas available; Public water; Public sewer
• Home design: Single-family residence (residential property); Not new / not a model; Two levels including finished below-grade space; Composition roof
• Construction: Wood siding exterior; Built in 1957; Block foundation
• Exterior features: Porch; Chain link partial fencing; Egress windows and daylight windows in lower level; Public sidewalk

Interior

• Kitchen: Ceramic tile floor; Dining area; Ceiling fan in kitchen
• Bedrooms: Main floor primary bedroom with wood floors, window coverings, and ceiling fan; Additional main floor bedrooms with wood floors, window coverings, and ceiling fans; Sitting room
• Flooring: Wood flooring in living areas and bedrooms; Ceramic tile in kitchen
• Bathrooms: Two bathrooms total — one full and one three-quarter; Main-level and below-grade bathrooms present
• Heating & cooling: Natural gas forced air heating; Central air conditioning
• Interior features: Ceiling fans throughout; Humidifier
• Laundry & utility: Humidifier (listed under appliances)

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $299 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Cap rate 8.9% 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: Central Park Elementary School (math 12% / reading 17%, grade F, #484 of 502 statewide, top 97%, 359 students, 0% FRL); Nathan Hale Magnet Middle School (math 13% / reading 18%, grade F, #125 of 128 statewide, top 98%, 620 students, 0% FRL); North High School (math 21% / reading 25%, grade F, #247 of 261 statewide, top 95%, 1,796 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 (+2.4%/yr); 172 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 4,539 units permitted in Douglas County in 2024 (2,583 in 5+ unit buildings).
• This rent runs 32% of the median local income ($61k/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 $968 of loan paydown is wiped out by about $4k 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 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $140,000

Questions for the listing agent

1. Built in 1957 — 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. 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: 1.16% ✓
• Cap rate: 8.86%
• Cash-on-cash: 9.16%
• DSCR: 1.41
• GRM: 7.2

CMA / ARV

• ARV (median comp): $189,053
• List price: $140,000
• Delta: -25.95%
• 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
5324 N 46th St	0.06mi	4/1.0	1,008 (-2%)	3mo	$110,000	$109	91
4552 Ogden Ave	0.16mi	3/1.0 (-1)	975 (-6%)	2mo	$100,500	$103	76
5401 N 45th Ave N	0.13mi	3/1.0 (-1)	912 (-12%)	2mo	$128,500	$141	68
4819 N 47 St	0.29mi	3/1.0 (-1)	1,115 (+8%)	4mo	$70,000	$63	65
4609 Fowler Ave	0.42mi	3/1.0 (-1)	979 (-5%)	3mo	$163,000	$166	64
4502 Jaynes St	0.23mi	3/1.0 (-1)	912 (-12%)	7mo	$175,000	$192	59
5433 N 45th Ave	0.16mi	3/1.5 (-1)	912 (-12%)	10mo	$195,000	$214	58
5307 N 42nd St	0.45mi	3/1.0 (-1)	1,120 (+8%)	2mo	$177,000	$158	58
4511 Laurel Ave	0.37mi	3/1.0 (-1)	912 (-12%)	1mo	$170,000	$186	58
4026 Camden Ave	0.56mi	3/1.0 (-1)	1,094 (+6%)	4mo	$152,500	$139	56
4721 N 42nd St	0.57mi	3/1.0 (-1)	991 (-4%)	8mo	$60,000	$61	55
4319 Larimore Ave	0.43mi	4/1.0	1,176 (+14%)	7mo	$125,000	$106	51

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 · 2.35% rent growth · sell at horizon

5-year hold

• IRR: -3.2%
• Equity multiple: 0.88×
• Total profit: $-4,640
• Equity at exit: $20,874

10-year hold

• IRR: 5.8%
• Equity multiple: 1.42×
• Total profit: $16,375
• Equity at exit: $12,105

Cash invested: $39,200 (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 68104

• Rents YoY: 2.4%
• Active inventory: 172
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,629 high
• Mortgage (P&I): −$734
• Tax from tax record: −$195 /mo · $2,338/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $299

Break-even live

Break-even rent $1,250

Max offer price $140,000

Occupancy floor 77%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4657 Camden Ave Omaha, NE	3.0	1.0	1250	$1,500	$1.20	43d	1	0.11mi
4460 Redman Ave Omaha, NE	3.0	1.0	750	$950	$1.27	43d	1	0.33mi
4706 Kansas Ave Omaha, NE	5.0	2.0	1412	$1,750	$1.24	14d	1	0.50mi
4707 N 40th Ave Omaha, NE	3.0	1.0	1337	$1,500	$1.12	21d	1	0.67mi
6327 N 51st Ave Omaha, NE	3.0	1.0	860	$1,450	$1.69	23d	1	0.84mi
4314 N 52nd St Omaha, NE	3.0	1.0	780	$945	$1.21	14d	1	0.86mi
3808 N 48th St Omaha, NE	3.0	2.0	1400	$2,000	$1.43	3d	1	0.93mi
4026 Bauman Ave Omaha, NE	4.0	1.0	1350	$1,695	$1.26	43d	1	0.93mi
4018 Bauman Ave Omaha, NE	3.0	1.0	925	$1,380	$1.49	43d	1	0.94mi
5615 Northampton Blvd Omaha, NE	3.0	1.0–1.5	781	$1,500	$1.92	2d	1	1.03mi
3535 N 45th Ave Omaha, NE	3.0	1.0	1325	$1,800	$1.36	43d	1	1.06mi
3508 N 47th Ave Omaha, NE	3.0	1.0	1425	$1,600	$1.12	19d	1	1.12mi
5119 Pratt St Omaha, NE	3.0	1.0	1008	$1,900	$1.88	43d	1	1.14mi
3002 N 48th Ave Omaha, NE	4.0	2.0	1205	$1,550	$1.29	23d	1	1.45mi
3674 Bedford Ave Omaha, NE	3.0	1.0	864	$1,275	$1.48	23d	1	1.49mi

Listing history 4 events

1. 2026-05-09
   status Pending 404-char remark
2. 2026-05-07
   listed $140,000 New 404-char remark
3. 2010-01-08
   soldstatus $45,000
4. 1991-01-24
   soldstatus $30,400

ⓘ 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: $2,338 · $195/mo
• Projected year-2 tax: $2,422 · $202/mo
• Expected delta: +$84/yr (+$7/mo · 3.6%)

ⓘ 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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,545
• − Mortgage interest: −$7,842
• − Property taxes: −$2,338
• − Insurance: −$700
• − Repairs & maintenance: −$1,564
• − Management: −$1,564
• − Depreciation: −$4,073
• Taxable income: $1,465
• Est. tax owed @ 24.0%: −$352
• After-tax cash flow: $3,241/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): 36,673
• Household income: $60,549
• Rent vs Own: 42.2% rent · 57.8% own
• Severe rent burden: 1738.0

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: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: White 50% Black 23% Asian 12% Two or more races 11% Hispanic / Latino 7%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Lithuanian 2% Romanian 2%
• Foreign-born: 13% · Philippines, Canada, India
• Languages at home: 83% English-only · Other Asian/Pacific 8% Spanish 5% Other Indo-European 2%

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: ▼ -196.54%
• Current HPI: 298.8625
• Rent YoY: ▲ 2.35%
• 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

+383.6% since first listed

5 events — show timeline

• 2026-05-22 Sold (MLS) $147,000 GPRMLS
• 2026-05-09 Pending — GPRMLS
• 2026-05-07 Listed $140,000 GPRMLS
• 2010-01-08 Sold (Public Records) $45,000 Public Records
• 1991-01-24 Sold (Public Records) $30,400 Public Records

Property tax history

+5.5%/yr

Latest (2025): $2,338 · +36.5% YoY. Source: county tax records.