1053 14th Ave · Columbus, NE 68601

$179,900

3 bd · 1.0 ba · 1,050 sqft · SingleFamily public records · 38 Days on market

Built 1950 Est $214k · 16% 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 +27.8/30.0
• ARV discount +14.7/15.0
• DSCR +9.8/10.0
• 1% rule +6.9/10.0
• Livability +4.0/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

GREAT STARTER HOME OR INVESTMENT OPPORTUNITY. THE HOUSE HAS A 3RD BEDROOM LOCATED IN THE BASEMENT THAT HAS AN EGRESS WINDOW. LOCATED ON A CORNER LOT WITH OFF-STREET PARKING AND A STORAGE SHED. DON'T WAIT, THIS HOUSE IS PRICED TO SELL. .. SEE YOU SOON!

Key facts

• Built 1950
• Listed 38 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $547 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $175k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 3.3% in Columbus — 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 (#20 in NE, #1,633 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities D-, commute F.
• Columbus Public Schools (town): math 39% / reading 43% proficiency, ranked #93 of 111 in NE (top 84%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 300 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 98 units permitted in Platte County in 2024 (17 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 $5k of value loss. Plan a longer hold.
• Platte County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $50k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y 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.

Risks & watch-outs

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

Recommended offer $174,503 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.19% ✓
• Cap rate: 9.94%
• Cash-on-cash: 13.03%
• DSCR: 1.58
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $214,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1307 1st St	0.65mi	3/1.0	1,040 (-1%)	2mo	$220,000	$212	66
861 19th Ave	0.35mi	3/2.0	971 (-8%)	3mo	$180,000	$185	64
1168 19th Ave	0.37mi	2/1.0 (-1)	1,100 (+5%)	7mo	$165,000	$150	64
916 6th St	0.37mi	4/2.0 (+1)	1,008 (-4%)	14mo	$255,000	$253	55
1318 4th St	0.42mi	2/1.0 (-1)	924 (-12%)	2mo	$163,000	$176	54
554 22nd Ave	0.65mi	2/1.0 (-1)	1,080 (+3%)	13mo	$160,000	$148	49
2203 7th St	0.60mi	3/1.0	1,110 (+6%)	24mo	$135,000	$122	42
580 5th Ave	0.65mi	3/1.5	1,200 (+14%)	6mo	$170,000	$142	39
1714 3rd St	0.54mi	3/2.0	914 (-13%)	13mo	$245,000	$268	39
2114 8th St	0.53mi	2/1.0 (-1)	909 (-13%)	14mo	$185,000	$204	36
2018 3rd St	0.66mi	2/1.0 (-1)	912 (-13%)	8mo	$225,000	$247	36
817 3rd St	0.67mi	4/2.0 (+1)	912 (-13%)	23mo	$237,000	$260	19

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: 2.9%
• Equity multiple: 1.11×
• Total profit: $5,650
• Equity at exit: $26,824

10-year hold

• IRR: 12.5%
• Equity multiple: 1.99×
• Total profit: $49,644
• Equity at exit: $15,554

Cash invested: $50,372 (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 68601

• Home prices YoY: -22.4%
• Active inventory: 300
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,135 medium
• Mortgage (P&I): −$943
• Tax from tax record: −$121 /mo · $1,456/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $547

Break-even live

Break-even rent $1,443

Max offer price $179,900

Occupancy floor 69%

Sensitivity live

Price	-10% $649	-5% $598	+0% $547	+5% $496	+10% $445
Rent	-10% $378	-5% $463	+0% $547	+5% $631	+10% $716
Rate	-1.0pp $637	-0.5pp $593	base $547	+0.5pp $500	+1.0pp $453

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
602 8th St Columbus, NE	3.0	1.0–2.0	820	$2,135	$2.60	45d	22	0.54mi

Listing history 10 events

1. 2026-04-03
   soldstatus $187,662
2. 2026-02-26
   status Pending
3. 2026-02-26
   price $179,900
4. 2026-01-19
   listed $185,000 Active
5. 2020-06-11
   soldstatus $128,000
6. 2020-03-16
   soldstatus $116,000
7. 2020-03-13
   soldstatus $114,900 251-char remark

   Show marketing remark (251 chars)

   GREAT STARTER HOME OR INVESTMENT OPPORTUNITY. THE HOUSE HAS A 3RD BEDROOM LOCATED IN THE BASEMENT THAT HAS AN EGRESS WINDOW. LOCATED ON A CORNER LOT WITH OFF-STREET PARKING AND A STORAGE SHED. DON'T WAIT, THIS HOUSE IS PRICED TO SELL. .. SEE YOU SOON!

8. 2020-01-27
   listed $114,900 251-char remark

   Show marketing remark (251 chars)

   GREAT STARTER HOME OR INVESTMENT OPPORTUNITY. THE HOUSE HAS A 3RD BEDROOM LOCATED IN THE BASEMENT THAT HAS AN EGRESS WINDOW. LOCATED ON A CORNER LOT WITH OFF-STREET PARKING AND A STORAGE SHED. DON'T WAIT, THIS HOUSE IS PRICED TO SELL. .. SEE YOU SOON!

9. 2013-12-06
   soldstatus $79,900
10. 2003-04-14
    soldstatus $57,500

ⓘ 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: $1,456 · $121/mo
• Projected year-2 tax: $3,112 · $259/mo
• Expected delta: +$1,656/yr (+$138/mo · 113.7%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°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: $25,620
• − Mortgage interest: −$10,077
• − Property taxes: −$1,456
• − Insurance: −$900
• − Repairs & maintenance: −$2,050
• − Management: −$2,050
• − Depreciation: −$5,233
• Taxable income: $3,854
• Est. tax owed @ 24.0%: −$925
• After-tax cash flow: $5,638/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: Columbus Public Schools
• NCES district ID: 3105340
• Math proficiency: 39% ▼ -10.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $51,074
• Composite: 35.41/100
• National rank: #4942
• State rank: #93 of 111 in NE

Livability — Columbus

• Score: 80/100
• State rank: #20
• US rank: #1633

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Columbus, NE
• City population: 30,619
• Population (ZIP): 30,619

Population outlook (Platte County) Hauer SSP2

• Today (2025): 34,130 people
• By 2030: 34,778 · +1.9%
• By 2040: 36,436 · +6.8%
• By 2050: 38,648 · +13.2%
• By 2075: 47,293 · +38.6%
• By 2100: 57,020 · +67.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 25% Two or more races 14%
• Hispanic origin (detail): Mexican 14% Cuban 2%
• Common ancestry: Romanian 7% Portuguese 2% Lithuanian 1%
• Foreign-born: 14% · Canada
• Languages at home: 79% English-only · Spanish 20%

Political lean MEDSL · Platte

• 2024 margin: Solid R (+58.3) · D 20.4% · R 78.7%
• 2008→2024 swing: -16.8pp toward R · 2008: -41.5pp · 2024: -58.3pp
• All cycles: 2024: R+58.3 2020: R+56.8 2016: R+58.8 2012: R+51.8 2008: R+41.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -100.37%
• Current HPI: 347.5063
• 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

+226.4% since first listed

10 events — show timeline

• 2026-04-03 Sold (Public Records) $187,662 Public Records
• 2026-02-26 Pending — CBOR
• 2026-02-26 Price Changed $179,900 CBOR
• 2026-01-19 Listed $185,000 CBOR
• 2020-06-11 Sold (Public Records) $128,000 Public Records
• 2020-03-16 Sold (Public Records) $116,000 Public Records
• 2020-03-13 Sold (MLS) $114,900 CBOR
• 2020-01-27 Listed $114,900 CBOR
• 2013-12-06 Sold (Public Records) $79,900 Public Records
• 2003-04-14 Sold (Public Records) $57,500 Public Records

Property tax history

+2.8%/yr

Latest (2025): $1,456 · +6.8% YoY. Source: county tax records.