709 N Platte Ave · York, NE 68467

$77,500

3 bd · 2.0 ba · 1,439 sqft · SingleFamily public records · 12 Days on market

Built 1900 7,405 sqft lot

---

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
• 1% rule +9.9/10.0
• ARV discount +7.5/15.0
• Schools +4.5/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Great opportunity to add your own touch! Investors welcome on this one. Additional rental opportunity on second floor with separate access (1BR 1BA) unit -- almost a blank canvas to make your own. Main floor unit features 2BR 1BA. Living room open to formal dining/flex area. Main floor laundry room! Storage shed in the back yard stays. Fencing is negotiable! Call for a showing today!

Key facts

• Fencing negotiable
• Storage shed
• Separate access

Tags

• SEPARATE ACCESS
• MAIN FLOOR LAUNDRY ROOM
• STORAGE SHED
• FENCING NEGOTIABLE

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Built in 1900; Not new / not a model
• Construction: Brick/mortar foundation
• Exterior features: Front porch; Lot approximately 0.17 acres (about 59.8 x 119.2 feet); Lot up to 1/4 acre

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Main floor primary bedroom; Main floor second bedroom
• Bathrooms: One full bathroom; One partial bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Range and refrigerator included; Partial finished basement (about 250 sq ft); No fireplaces

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $78k.

Deal economics

• At list price, monthly cash flow is $380 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $78k).
• Cap rate 12.2% vs local median 3.2% in York — 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 80/100 on livability (#24 in NE, #1,666 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• York Public Schools (town): math 55% / reading 51% proficiency, ranked #55 of 111 in NE (top 50%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: York Elementary School (math 58% / reading 50%, grade C, #194 of 502 statewide, top 39%, 594 students, 50% FRL); York Middle School (math 54% / reading 52%, grade C+, #41 of 128 statewide, top 32%, 315 students, 44% FRL); York High School (math 52% / reading 47%, grade D, #107 of 261 statewide, top 52%, 522 students, 39% FRL).
• Market conditions: 75 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 29 units permitted in York County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $536 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• York County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $32k; list at $78k implies a 142% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $77,500

Questions for the listing agent

1. Built in 1900 — 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 A-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?
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: 1.49% ✓
• Cap rate: 12.18%
• Cash-on-cash: 21.03%
• DSCR: 1.94
• GRM: 5.6

CMA / ARV

• ARV (on-the-fly): $155,412
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
423 E 6th St	0.32mi	3/1.0	1,424 (-1%)	6mo	$150,000	$105	75
1730 N Main Ave	0.14mi	2/2.5 (-1)	1,370 (-5%)	6mo	$369,300	$270	74
555 W 6th St	0.29mi	4/2.0 (+1)	1,424 (-1%)	10mo	$143,600	$101	72
1125 N Burlington Ave	0.39mi	3/1.0	1,400 (-3%)	6mo	$130,000	$93	68
418 E 5th St	0.35mi	2/1.0 (-1)	1,392 (-3%)	4mo	$150,000	$108	66
201 N Nebraska Ave	0.41mi	3/1.5	1,296 (-10%)	10mo	$182,000	$140	54
1121 N East Ave	0.48mi	3/1.0	1,628 (+13%)	1mo	$75,000	$46	51
321 N Iowa Ave N	0.40mi	4/1.0 (+1)	1,249 (-13%)	2mo	$155,000	$124	48
317 E 16th St	0.59mi	2/1.0 (-1)	1,304 (-9%)	1mo	$155,000	$119	47
1108 N Nebraska Ave	0.35mi	2/1.0 (-1)	1,640 (+14%)	7mo	$175,500	$107	46
828 N Elmer Ave	0.58mi	4/1.5 (+1)	1,582 (+10%)	6mo	$85,000	$54	44
1309 N Blackburn Ave	0.71mi	3/1.0	1,324 (-8%)	7mo	$155,000	$117	44

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: 13.5%
• Equity multiple: 1.54×
• Total profit: $11,673
• Equity at exit: $11,556

10-year hold

• IRR: 22.3%
• Equity multiple: 2.91×
• Total profit: $41,407
• Equity at exit: $6,701

Cash invested: $21,700 (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 68467

• Active inventory: 75
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,154 high
• Mortgage (P&I): −$406
• Tax from tax record: −$92 /mo · $1,108/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$242
• Net cashflow: $380

Break-even live

Break-even rent $672

Max offer price $77,500

Occupancy floor 62%

Sensitivity live

Price	-10% $424	-5% $402	+0% $380	+5% $358	+10% $336
Rent	-10% $289	-5% $335	+0% $380	+5% $426	+10% $471
Rate	-1.0pp $419	-0.5pp $400	base $380	+0.5pp $360	+1.0pp $340

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: $19,375
• Closing costs: $2,325
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1315 N Iowa Ave York, NE	2.0	1.0	980	$1,200	$1.22	44d	1	0.53mi
1201 S Hutchins Ave Unit 205 York, NE	3.0	1.0	996	$1,195	$1.20	44d	1	0.87mi
1201 S Hutchins Ave York, NE	2.0–3.0	1.0	905	$1,195	$1.32	44d	2	0.87mi
1241 S Hutchins Ave York, NE	2.0–3.0	1.0	905	$1,195	$1.32	44d	5	0.89mi
1911 N Linden Ave Unit 09-612 York, NE	3.0	2.0	1345	$1,000	$0.74	44d	1	0.95mi

Listing history 4 events

1. 2026-04-22
   status Pending
2. 2026-04-09
   listed $77,500 New
3. 2013-09-16
   soldstatus $32,000
4. 1998-10-30
   soldstatus $25,000

ⓘ 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: $1,108 · $92/mo
• Projected year-2 tax: $1,341 · $112/mo
• Expected delta: +$233/yr (+$19/mo · 21.0%)

ⓘ 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,842
• − Mortgage interest: −$4,341
• − Property taxes: −$1,108
• − Insurance: −$388
• − Repairs & maintenance: −$1,107
• − Management: −$1,107
• − Depreciation: −$2,255
• Taxable income: $3,536
• Est. tax owed @ 24.0%: −$849
• After-tax cash flow: $3,714/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: York Public Schools
• NCES district ID: 3179050
• Math proficiency: 55% ▼ -9.00%
• Reading proficiency: 51% ▼ -4.00%
• Median HH income: $48,726
• Composite: 45.18/100
• National rank: #2675
• State rank: #55 of 111 in NE

Livability — York

• Score: 80/100
• State rank: #24
• US rank: #1666

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: York, NE
• City population: 9,688
• Population (ZIP): 9,688

Population outlook (York County) Hauer SSP2

• Today (2025): 13,976 people
• By 2030: 14,103 · +0.9%
• By 2040: 14,490 · +3.7%
• By 2050: 15,059 · +7.7%
• By 2075: 18,276 · +30.8%
• By 2100: 21,449 · +53.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 7% Two or more races 6% Black 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Iranian 2% Romanian 1% Italian 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Asian/Pacific 1%

Political lean MEDSL · York

• 2024 margin: Solid R (+51.3) · D 23.6% · R 74.9% · Other 1.5%
• 2008→2024 swing: -2.0pp toward R · 2008: -49.3pp · 2024: -51.3pp
• All cycles: 2024: R+51.3 2020: R+51.8 2016: R+56.0 2012: R+55.4 2008: R+49.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -126.71%
• Current HPI: 192.5562
• 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

+210.0% since first listed

4 events — show timeline

• 2026-04-22 Pending — GPRMLS
• 2026-04-09 Listed $77,500 GPRMLS
• 2013-09-16 Sold (Public Records) $32,000 Public Records
• 1998-10-30 Sold (Public Records) $25,000 Public Records

Property tax history

+5.7%/yr

Latest (2025): $1,108 · +144.0% YoY. Source: county tax records.