241 W 8th St · North Bend, NE 68649

$105,000

2 bd · 1.5 ba · 1,223 sqft · SingleFamily public records · 142 Days on market

Built 1950 4,356 sqft lot $86/sqft · 29% below area Est $149k · 29% 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 +21.5/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +6.9/10.0
• Schools +5.5/10.0
• 1% rule +5.0/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to 241 W 8th St, a cozy, 3-bedroom, 1-bath home nestled in the heart of small-town North Bend. Offering 1,223 square feet of living space, enclosed porch, and attached 1-car garage.

Key facts

• 4,356 sq ft lot
• Garage
• Built 1950

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $-269 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $57k (45.3% below list).
• Meets the 1% rule at list price ($1k rent vs $105k).
• Recommended offer: $57k (45.3% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 81/100 on livability (#18 in NE, #1,561 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• North Bend Central Public Schools (rural): math 65% / reading 64% proficiency, ranked #8 of 111 in NE (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 24 active listings in the ZIP; 82 units permitted in Dodge County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $11k of equity ($726 loan paydown + $10k appreciation (10.0% local appreciation)).
• By year 4, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 142 days — a 12% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $38k; list at $105k implies a 176% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $57,451 (45.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 142 days. Have you received any prior offers? Is the seller open to a 45% concession, seller financing, or rate buy-down credit?
3. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.00% ✓
• Cap rate: 8.09%
• Cash-on-cash: 6.42%
• DSCR: 1.29
• GRM: 8.3

CMA / ARV

• ARV (median comp): $148,825
• List price: $105,000
• Delta: -29.45%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
330 W 8th St	0.06mi	3/1.0 (+1)	1,121 (-8%)	5mo	$110,000	$98	72
411 W 8th St	0.10mi	2/1.0	1,344 (+10%)	13mo	$80,000	$60	66
131 W 11th St	0.22mi	2/1.0	1,176 (-4%)	19mo	$152,500	$130	66
421 E 7th St	0.35mi	3/1.5 (+1)	1,170 (-4%)	7mo	$187,000	$160	65
1231 Main St	0.34mi	3/1.0 (+1)	1,344 (+10%)	0mo	$125,000	$93	60
720 W 7th St	0.30mi	3/2.0 (+1)	1,356 (+11%)	23mo	$222,000	$164	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 16.7%
• Equity multiple: 2.37×
• Total profit: $40,290
• Equity at exit: $94,592

10-year hold

• IRR: 16.0%
• Equity multiple: 5.51×
• Total profit: $132,619
• Equity at exit: $203,992

Cash invested: $29,400 (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 68649

• Home prices YoY: 7.8%
• Active inventory: 24
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,054 medium
• Mortgage (P&I): −$551
• Tax from tax record: −$81 /mo · $968/yr
• Insurance: −$44
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$221
• Net cashflow: $-269

Break-even live

Break-even rent $1,394

Max offer price $57,451

Occupancy floor —

Sensitivity live

Price	-10% $-210	-5% $-239	+0% $-269	+5% $-299	+10% $-329
Rent	-10% $-352	-5% $-311	+0% $-269	+5% $-228	+10% $-186
Rate	-1.0pp $-216	-0.5pp $-242	base $-269	+0.5pp $-296	+1.0pp $-324

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-19
   days on market $105,000 Active 142 DOM
2. 2026-06-18
   days on market $105,000 Active 141 DOM
3. 2026-06-17
   days on market $105,000 Active 140 DOM
4. 2026-06-16
   days on market $105,000 Active 139 DOM
5. 2026-06-15
   days on market $105,000 Active 138 DOM
6. 2026-06-14
   days on market $105,000 Active 136 DOM
7. 2026-06-12
   days on market $105,000 Active 135 DOM
8. 2026-06-09
   days on market $105,000 Active 132 DOM
9. 2026-06-08
   days on market $105,000 Active 131 DOM
10. 2026-06-07
    days on market $105,000 Active 130 DOM
11. 2026-06-05
    days on market $105,000 Active 127 DOM
12. 2026-06-03
    days on market $105,000 Active 126 DOM
13. 2026-06-02
    days on market $105,000 Active 125 DOM
14. 2026-06-01
    days on market $105,000 Active 124 DOM
15. 2026-05-31
    days on market $105,000 Active 123 DOM
16. 2026-05-30
    days on market $105,000 Active 122 DOM
17. 2026-01-28
    listed $105,000 New 189-char remark

    Show marketing remark (189 chars)

    Welcome to 241 W 8th St, a cozy, 3-bedroom, 1-bath home nestled in the heart of small-town North Bend. Offering 1,223 square feet of living space, enclosed porch, and attached 1-car garage.

18. 2017-11-21
    soldstatus $38,000
19. 1996-01-02
    soldstatus $28,000

ⓘ 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: $968 · $81/mo
• Projected year-2 tax: $1,816 · $151/mo
• Expected delta: +$848/yr (+$71/mo · 87.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone AE · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 16 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: $12,645
• − Mortgage interest: −$5,882
• − Property taxes: −$968
• − Insurance: −$5,644
• − Repairs & maintenance: −$1,012
• − Management: −$1,012
• − Depreciation: −$3,055
• Taxable loss: −$4,926
• Est. tax savings @ 24.0%: +$1,182
• After-tax cash flow: $-2,048/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 Bend Central Public Schools
• NCES district ID: 3100115
• Math proficiency: 65% ▲ 3.00%
• Reading proficiency: 64% ▲ 2.00%
• Median HH income: $56,916
• Composite: 55.48/100
• National rank: #1246
• State rank: #8 of 111 in NE

Livability — North Bend

• Score: 81/100
• State rank: #18
• US rank: #1561

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Bend, NE
• Population (ZIP): 1,831

Population outlook (Dodge County) Hauer SSP2

• Today (2025): 37,191 people
• By 2030: 37,238 · +0.1%
• By 2040: 37,256 · +0.2%
• By 2050: 37,494 · +0.8%
• By 2075: 39,165 · +5.3%
• By 2100: 40,221 · +8.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 7% Two or more races 6%
• Hispanic origin (detail): Mexican 4% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 3% Scotch-Irish 3%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4% German/W. Germanic 1%

Political lean MEDSL · Dodge

• 2024 margin: Solid R (+32.6) · D 33.0% · R 65.7% · Other 1.3%
• 2008→2024 swing: -20.6pp toward R · 2008: -12.0pp · 2024: -32.6pp
• All cycles: 2024: R+32.6 2020: R+32.1 2016: R+35.3 2012: R+22.7 2008: R+12.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 21.72%
• Current HPI: 298.4561
• 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

+275.0% since first listed

3 events — show timeline

• 2026-01-28 Listed $105,000 GPRMLS
• 2017-11-21 Sold (Public Records) $38,000 Public Records
• 1996-01-02 Sold (Public Records) $28,000 Public Records

Property tax history

+2.2%/yr

Latest (2025): $968 · +29.3% YoY. Source: county tax records.