5312 N 24th St · Omaha, NE 68110

$145,000

4 bd · 1.0 ba · 1,362 sqft · Other public records · 4 Days on market

Built 1917 5,346 sqft lot

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Why this score? — see what drove the C- 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 +22.2/30.0
• ARV discount +7.5/15.0
• DSCR +7.1/10.0
• 1% rule +5.7/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice true 4 bedroom home. Great first time buyer or investment property. Move-in condition. Alleyway access to parking in back. This home is not at REO. AMA. House sold "as is"

Key facts

• Newer ac
• Newer furnace
• Remodeled bathroom

Tags

• REMODELED BATHROOM
• RENOVATED KITCHEN
• FINISHED SECOND STORY
• NEWER FURNACE
• NEWER AC
• WATER HEATER REPLACED

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer; Electricity available; Natural gas available; Storm sewer; Phone available
• Home design: Single family residence; One-and-a-half story; Residential property built in 1917; Not new / not a model
• Construction: Vinyl siding; Composition roof; Block foundation; Living area approximately 1362 square feet
• Exterior features: Front porch; City lot with alley access; Subdivided lot up to 1/4 acre (approx. 0.13 acres, 120 x 44.55)

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Master bedroom on the main floor; Second bedroom on the main floor; Third and fourth bedrooms on the second floor
• Flooring: Carpet; Luxury vinyl plank
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: No fireplaces; Full basement (finished area: 912 sq ft)

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath other listed at $145k.

Deal economics

• At list price, monthly cash flow is $237 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Cap rate 8.3% 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); 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: 45 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 4,539 units permitted in Douglas County in 2024 (2,583 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k 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 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 14y 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 $25k; list at $145k implies a 480% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1917 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $145,000

Questions for the listing agent

1. Built in 1917 — 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: 1.07% ✓
• Cap rate: 8.25%
• Cash-on-cash: 7.00%
• DSCR: 1.31
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -5.6%
• Equity multiple: 0.79×
• Total profit: $-8,396
• Equity at exit: $21,620

10-year hold

• IRR: 4.1%
• Equity multiple: 1.30×
• Total profit: $12,174
• Equity at exit: $12,537

Cash invested: $40,600 (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 68110

• Home prices YoY: -9.5%
• Active inventory: 45
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,551 high
• Mortgage (P&I): −$760
• Tax from tax record: −$167 /mo · $2,010/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $237

Break-even live

Break-even rent $1,251

Max offer price $145,000

Occupancy floor 80%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5348 N 25th St Omaha, NE	4.0	1.0	1446	$1,600	$1.11	43d	1	0.12mi
2436 Laurel Ave Omaha, NE	3.0	1.0	1582	$1,495	$0.95	23d	1	0.39mi
2873 Kansas Ave Omaha, NE	3.0	2.0	1112	$1,450	$1.30	23d	1	0.63mi
4201 N 22nd St Omaha, NE	3.0	1.0	1380	$1,545	$1.12	43d	1	0.69mi
4125 N 19th St Omaha, NE	3.0	1.0	1266	$1,532	$1.21	43d	1	0.77mi
3708 Florence Blvd Omaha, NE	3.0	1.0	1102	$1,395	$1.27	21d	1	1.03mi
3164 Ida St Omaha, NE	3.0	1.0	946	$1,600	$1.69	43d	1	1.20mi
3164 Ida St Omaha, NE	3.0	1.0	946	$1,600	$1.69	1d	1	1.20mi
3164 Ida St Omaha, NE	3.0	1.0	946	$1,600	$1.69	10d	1	1.20mi
3030 Ernst St Omaha, NE	3.0	2.0	1500	$1,500	$1.00	2d	1	1.38mi
4707 N 40th Ave Omaha, NE	3.0	1.0	1337	$1,500	$1.12	21d	1	1.41mi

Listing history 10 events

1. 2026-06-02
   statusdays on market $145,000 Pending 4 DOM
2. 2026-06-01
   days on market $145,000 New 3 DOM
3. 2026-05-15
   status Pending
4. 2026-05-09
   listed $145,000 New
5. 2013-06-24
   soldstatus $25,000 186-char remark

   Show marketing remark (186 chars)

   Nice true 4 bedroom home. Great first time buyer or investment property. Move-in condition. Alleyway access to parking in back. This home is not at REO. AMA. House sold "as is"

6. 2013-06-10
   historical 186-char remark

   Show marketing remark (186 chars)

   Nice true 4 bedroom home. Great first time buyer or investment property. Move-in condition. Alleyway access to parking in back. This home is not at REO. AMA. House sold "as is"

7. 2012-08-11
   listed $27,500 186-char remark

   Show marketing remark (186 chars)

   Nice true 4 bedroom home. Great first time buyer or investment property. Move-in condition. Alleyway access to parking in back. This home is not at REO. AMA. House sold "as is"

8. 2012-08-04
   historical
9. 2012-05-02
   listed $39,500
10. 1997-05-19
    soldstatus $20,000

ⓘ 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: $2,010 · $167/mo
• Projected year-2 tax: $2,508 · $209/mo
• Expected delta: +$499/yr (+$42/mo · 24.8%)

ⓘ 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 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥105°F today · 15 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: $18,610
• − Mortgage interest: −$8,122
• − Property taxes: −$2,010
• − Insurance: −$725
• − Repairs & maintenance: −$1,489
• − Management: −$1,489
• − Depreciation: −$4,218
• Taxable income: $557
• Est. tax owed @ 24.0%: −$134
• After-tax cash flow: $2,709/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
• City population: 552,986
• Population (ZIP): 9,403

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: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: Black 40% White 29% Hispanic / Latino 17% Asian 9% Two or more races 8% Native American 2%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Ukrainian 2% Romanian 1% Portuguese 1%
• Foreign-born: 18% · Canada, India, Philippines
• Languages at home: 73% English-only · Spanish 12% Other Indo-European 6% Other Asian/Pacific 3%

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: ▼ -23.25%
• Current HPI: 220.8647
• 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

+625.0% since first listed

8 events — show timeline

• 2026-05-15 Pending — GPRMLS
• 2026-05-09 Listed $145,000 GPRMLS
• 2013-06-24 Sold (MLS) $25,000 GPRMLS
• 2013-06-10 Listing Removed — GPRMLS
• 2012-08-11 Listed $27,500 GPRMLS
• 2012-08-04 Listing Removed — GPRMLS
• 2012-05-02 Listed $39,500 GPRMLS
• 1997-05-19 Sold (Public Records) $20,000 Public Records

Property tax history

+8.3%/yr

Latest (2025): $2,010 · +22.3% YoY. Source: county tax records.