644 N National Ave

Superior, NE 68978

$77,000B-

3 bd · 1.0 ba · 1,064 sqft · Built 1900 · SingleFamily · Pending · 37 DOM

Cashflow @ list (25.0% down · 7.5%)

• Estimated rent: $979/mo
• Mortgage (P&I): −$404
• Tax + insurance: −$88
• HOA: −$0
• Vac / Maint / Mgmt: −$206
• Net cashflow: $281/mo
• Annual: $3,373/yr
• Cap rate: 10.67%
• Cash-on-cash: 15.65%
• DSCR: 1.70
• 1% rule: 1.27%
• Cash to close: $21,560

Investor read

• This is a 3-bed/1.0-bath single-family listed at $77k.
• At list price, monthly cash flow is $281 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($979 rent vs $77k).
• It's been on market 37 days — a 3% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• Recommended offer: $75k (3.0% below list) — sets the bar for market timing.
• In year one you build about $5k of equity ($532 loan paydown + $5k appreciation (6.3% local appreciation)).
• Location reads 75/100 on livability (#106 in NE, #4,283 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D+, amenities F, commute F.
• Superior Public Schools (rural): math 40% / reading 43% proficiency, ranked #207 of 245 in NE (top 84%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Superior Elementary School (math 27% / reading 42%, grade F, #390 of 502 statewide, top 80%, 196 students, 48% FRL); Superior Middle School (math 27% / reading 32%, grade F, #113 of 128 statewide, top 89%, 84 students, 52% FRL); Superior Sr High School (math 30% / reading 50%, grade F, #182 of 261 statewide, top 70%, 130 students, 52% FRL) — zoned schools average 51% FRL vs 32% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Market conditions: 17 active listings in the ZIP; 8 units permitted in Nuckolls County in 2024 (0 in 5+ unit buildings).
• Nuckolls County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• 2 sale attempts since 3y 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 $50k; list at $77k implies a 54% gain — meaningful room to come down on a strong offer.
• At projected returns (6.3% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Questions for listing agent

• It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
• Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
• Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
• Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
• 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.
• 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.
• 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.