1555 E 1 St · Fremont, NE 68028

$153,500

2 bd · 2.0 ba · 1,424 sqft · SingleFamily public records · 76 Days on market

Built 1950 4,356 sqft lot $108/sqft · 20% below area Est $213k · 28% under

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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 +19.1/30.0
• ARV discount +15.0/15.0
• DSCR +6.0/10.0
• 1% rule +5.0/10.0
• Livability +3.8/5.0
• Rent growth +3.0/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Decent 2 bed 2 bath ranch on a corner lot. Carport. Good fixer opportunity but also a decent affordable house that just needs a little elbow grease. Add a couple of egress windows in the basement for another 2-3 bedrooms. Newer furnace and air.

Key facts

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

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $154k.

Deal economics

• At list price, monthly cash flow is $162 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $154k).
• Recommended offer: $144k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 3.3% in Fremont — 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 76/100 on livability (#92 in NE, #3,751 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, employment D+, commute F.
• Fremont Public Schools (town): math 34% / reading 36% proficiency, ranked #103 of 111 in NE (top 93%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.9%/yr); 530 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 82 units permitted in Dodge County in 2024 (0 in 5+ unit buildings).
• This rent is only 13% of the median local income ($144k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 76 days — a 6% lower offer ($144k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y ago; this cycle's ask has dropped $16k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $144,290 (6.0% below list)

Questions for the listing agent

1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 7.56%
• Cash-on-cash: 4.52%
• DSCR: 1.20
• GRM: 8.3

CMA / ARV

• ARV (median comp): $213,182
• List price: $153,500
• Delta: -28.00%
• 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
141 N Lincoln St	0.06mi	3/1.0 (+1)	1,332 (-6%)	3mo	$197,500	$148	75
1536 E 1st St	0.04mi	2/1.0	1,227 (-14%)	2mo	$165,000	$134	69
2410 E 1st St	0.65mi	2/2.0	1,428 (+0%)	1mo	$265,000	$186	69
830 N Grant St	0.53mi	2/1.0	1,440 (+1%)	2mo	$250,000	$174	68
118 N Clarmar Ave	0.17mi	3/2.0 (+1)	1,631 (+14%)	1mo	$280,000	$172	62
535 N Pebble St	0.47mi	3/2.0 (+1)	1,248 (-12%)	3mo	$162,319	$130	50
145 N Platte Ave	0.51mi	3/2.0 (+1)	1,632 (+15%)	2mo	$227,900	$140	45
1136 N Garfield St	0.71mi	2/2.0	1,244 (-13%)	1mo	$230,000	$185	45
153 S Luther Rd	0.74mi	3/1.0 (+1)	1,513 (+6%)	3mo	$275,000	$182	44
805 N Hancock St	0.51mi	3/1.0 (+1)	1,212 (-15%)	1mo	$115,000	$95	42
916 N William Ave	0.67mi	3/3.0 (+1)	1,561 (+10%)	7mo	$275,000	$176	38
2500 E Cuming St	0.68mi	3/1.5 (+1)	1,632 (+15%)	0mo	$275,000	$169	36

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 · 1.87% rent growth · sell at horizon

5-year hold

• IRR: -10.5%
• Equity multiple: 0.62×
• Total profit: $-16,271
• Equity at exit: $22,887

10-year hold

• IRR: -2.8%
• Equity multiple: 0.82×
• Total profit: $-7,752
• Equity at exit: $13,272

Cash invested: $42,980 (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 68028

• Home prices YoY: -31.0%
• Rents YoY: 1.9%
• Active inventory: 530
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,540 medium
• Mortgage (P&I): −$805
• Tax from tax record: −$186 /mo · $2,227/yr
• Insurance: −$64
• HOA: −$0
• Vacancy / Maint / Mgmt: −$323
• Net cashflow: $162

Break-even live

Break-even rent $1,335

Max offer price $153,500

Occupancy floor 84%

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: $38,375
• Closing costs: $4,605
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
351 N Clarmar Ave Fremont, NE	3.0	2.5	1847	$1,745	$0.94	3d	1	0.27mi
1619 E Military Ave Unit 2301 Fremont, NE	2.0	2.0	1100	$1,195	$1.09	21d	1	0.33mi
1021 S Howard St Fremont, NE	1.0–3.0	1.0–2.0	1038	$1,400	$1.35	1d	11	0.65mi
550 S Johnson Rd Fremont, NE	2.0	1.0–2.0	797	$1,615	$2.03	1d	12	1.38mi

Listing history 33 events

1. 2026-06-19
   days on market $153,500 Active 76 DOM
2. 2026-06-18
   days on market $153,500 Active 75 DOM
3. 2026-06-17
   days on market $153,500 Active 74 DOM
4. 2026-06-16
   days on market $153,500 Active 73 DOM
5. 2026-06-16
   price $153,500 Active 72 DOM
6. 2026-06-15
   days on market $154,950 Active 72 DOM
7. 2026-06-14
   days on market $154,950 Active 70 DOM
8. 2026-06-12
   days on market $154,950 Active 69 DOM
9. 2026-06-09
   days on market $154,950 Active 66 DOM
10. 2026-06-08
    days on market $154,950 Active 65 DOM
11. 2026-06-07
    days on market $154,950 Active 64 DOM
12. 2026-06-05
    days on market $154,950 Active 61 DOM
13. 2026-06-03
    days on market $154,950 Active 60 DOM
14. 2026-06-02
    days on market $154,950 Active 59 DOM
15. 2026-06-01
    days on market $154,950 Active 58 DOM
16. 2026-05-31
    days on market $154,950 Active 57 DOM
17. 2026-05-30
    days on market $154,950 Active 56 DOM
18. 2026-04-30
    price $154,950 244-char remark

    Show marketing remark (244 chars)

    Decent 2 bed 2 bath ranch on a corner lot. Carport. Good fixer opportunity but also a decent affordable house that just needs a little elbow grease. Add a couple of egress windows in the basement for another 2-3 bedrooms. Newer furnace and air.

19. 2026-04-14
    price $159,950 244-char remark

    Show marketing remark (244 chars)

    Decent 2 bed 2 bath ranch on a corner lot. Carport. Good fixer opportunity but also a decent affordable house that just needs a little elbow grease. Add a couple of egress windows in the basement for another 2-3 bedrooms. Newer furnace and air.

20. 2026-04-08
    price $164,950 244-char remark

    Show marketing remark (244 chars)

    Decent 2 bed 2 bath ranch on a corner lot. Carport. Good fixer opportunity but also a decent affordable house that just needs a little elbow grease. Add a couple of egress windows in the basement for another 2-3 bedrooms. Newer furnace and air.

21. 2026-04-04
    listed $169,950 New 244-char remark

    Show marketing remark (244 chars)

    Decent 2 bed 2 bath ranch on a corner lot. Carport. Good fixer opportunity but also a decent affordable house that just needs a little elbow grease. Add a couple of egress windows in the basement for another 2-3 bedrooms. Newer furnace and air.

22. 2026-02-13
    historical
23. 2026-01-26
    listed $159,950 New
24. 2026-01-26
    listed $169,950 New
25. 2026-01-26
    historical
26. 2022-09-09
    soldstatus $185,000 Sold
27. 2022-09-09
    soldstatus $185,000
28. 2022-08-16
    status Pending
29. 2022-08-10
    price $179,900
30. 2022-08-02
    listed $179,000 Active - New
31. 2022-03-31
    soldstatus $90,000
32. 2002-08-14
    soldstatus $88,000
33. 1994-05-29
    soldstatus $54,200

ⓘ 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: $2,227 · $186/mo
• Projected year-2 tax: $2,656 · $221/mo
• Expected delta: +$428/yr (+$36/mo · 19.2%)

ⓘ 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 (shaded) · 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: $18,478
• − Mortgage interest: −$8,598
• − Property taxes: −$2,227
• − Insurance: −$768
• − Repairs & maintenance: −$1,478
• − Management: −$1,478
• − Depreciation: −$4,465
• Taxable loss: −$537
• Est. tax savings @ 24.0%: +$129
• After-tax cash flow: $2,072/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: Fremont Public Schools
• NCES district ID: 3170710
• Math proficiency: 34% ▼ -8.00%
• Reading proficiency: 36% ▲ 1.00%
• Median HH income: $47,111
• Composite: 30.07/100
• National rank: #6347
• State rank: #103 of 111 in NE

Livability — Fremont

• Score: 76/100
• State rank: #92
• US rank: #3751

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fremont, NE
• County: Sarpy County · 161,202 people
• City population: 31,658
• Metro: Omaha-Council Bluffs, NE-IA
• Population (ZIP): 17,529
• Household income: $143,604
• Rent vs Own: 16.5% rent · 83.5% own
• Severe rent burden: 339.0

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 (93%)
• Race & ethnicity: White 93% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Romanian 4% Iranian 3% Italian 3%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 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: ▼ -108.83%
• Current HPI: 242.6423
• Rent YoY: ▲ 1.87%
• 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

+185.9% since first listed

16 events — show timeline

• 2026-04-30 Price Changed $154,950 GPRMLS
• 2026-04-14 Price Changed $159,950 GPRMLS
• 2026-04-08 Price Changed $164,950 GPRMLS
• 2026-04-04 Listed $169,950 GPRMLS
• 2026-02-13 Listing Removed — GPRMLS
• 2026-01-26 Listing Removed — GPRMLS
• 2026-01-26 Listed $169,950 GPRMLS
• 2026-01-26 Listed $159,950 GPRMLS
• 2022-09-09 Sold (Public Records) $185,000 Public Records
• 2022-09-09 Sold (MLS) $185,000 GPRMLS
• 2022-08-16 Pending — GPRMLS
• 2022-08-10 Price Changed $179,900 GPRMLS
• 2022-08-02 Listed $179,000 GPRMLS
• 2022-03-31 Sold (Public Records) $90,000 Public Records
• 2002-08-14 Sold (Public Records) $88,000 Public Records
• 1994-05-29 Sold (Public Records) $54,200 Public Records

Property tax history

+2.5%/yr

Latest (2025): $2,227 · +10.5% YoY. Source: county tax records.