612 W Elm St · Wilber, NE 68465

$172,000

4 bd · 1.0 ba · 1,520 sqft · SingleFamily public records · 75 Days on market

Built 1905 8,316 sqft lot $113/sqft · 7% below area Est $204k · 16% 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).

• ARV discount +14.6/15.0
• Cash flow +13.7/30.0
• Appreciation +10.0/10.0
• DSCR +4.2/10.0
• Livability +3.9/5.0
• Schools +3.4/10.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to small-town charm in Wilber, Nebraska—proudly known as the home of Check Days! This traditional-style home offers timeless character paired with comfortable living in a peaceful, close-knit community. Featuring a classic layout, and a warm, inviting atmosphere, this property is perfect for those seeking a slower pace without sacrificing convenience. Enjoy quiet streets, friendly neighbors, and the unique cultural heritage that makes Wilber a hidden gem in southeast Nebraska. Whether you're looking to settle down or invest, this home captures the essence of traditional Midwestern living.

Key facts

• 8,316 sq ft lot
• Garage
• Built 1905

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $172k.

Deal economics

• At list price, monthly cash flow is $14 ($166/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $133k (22.8% below list).
• Recommended offer: $133k (22.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 78/100 on livability (#49 in NE, #2,481 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D+, amenities F, commute F.
• Wilber-Clatonia Public Schools (rural): math 35% / reading 42% proficiency, ranked #98 of 111 in NE (top 88%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 13 active listings in the ZIP; 36 units permitted in Saline County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $18k of equity ($1k loan paydown + $17k appreciation (10.0% local appreciation)).
• Saline County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $48k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$47k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 75 days — a 6% lower offer ($162k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 16y 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 $108k; list at $172k implies a 59% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1905 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $132,861 (22.8% below list)

Questions for the listing agent

1. It's been on market 75 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
2. Built in 1905 — 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. 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?
6. 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.
7. 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.
8. 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: 0.77% ✗
• Cap rate: 6.39%
• Cash-on-cash: 0.35%
• DSCR: 1.02
• GRM: 10.8

CMA / ARV

• ARV (median comp): $204,139
• List price: $172,000
• Delta: -15.74%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
520 W Hickory St	0.14mi	3/1.5 (-1)	1,531 (+1%)	5mo	$190,000	$124	81
323 N Court St	0.13mi	3/2.0 (-1)	1,552 (+2%)	2mo	$146,000	$94	80
123 N Court St	0.09mi	3/1.0 (-1)	1,506 (-1%)	12mo	$159,000	$106	79
612 W 2nd St	0.13mi	3/2.0 (-1)	1,370 (-10%)	2mo	$260,000	$190	67
224 S Court St	0.22mi	3/2.0 (-1)	1,426 (-6%)	16mo	$215,000	$151	57
315 S School St	0.29mi	3/1.0 (-1)	1,386 (-9%)	20mo	$140,000	$101	50
124 W 1st St	0.32mi	3/1.0 (-1)	1,314 (-14%)	22mo	$169,000	$129	39
105 S OK St	0.61mi	3/2.0 (-1)	1,726 (+14%)	1mo	$242,000	$140	39
615 N Shimerda St	0.44mi	3/2.0 (-1)	1,694 (+11%)	21mo	$240,000	$142	34
809 S Shimerda St	0.66mi	5/3.0 (+1)	1,729 (+14%)	3mo	$310,000	$179	31

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: 24.5%
• Equity multiple: 2.96×
• Total profit: $94,484
• Equity at exit: $154,951

10-year hold

• IRR: 21.7%
• Equity multiple: 6.76×
• Total profit: $277,399
• Equity at exit: $334,158

Cash invested: $48,160 (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 68465

• Home prices YoY: 6.2%
• Active inventory: 13
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $1,329 medium
• Mortgage (P&I): −$902
• Tax from tax record: −$62 /mo · $745/yr
• Insurance: −$72
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $14

Break-even live

Break-even rent $1,311

Max offer price $172,000

Occupancy floor 94%

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: $43,000
• Closing costs: $5,160
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-18
   days on market $172,000 Active 75 DOM
2. 2026-06-17
   days on market $172,000 Active 74 DOM
3. 2026-06-16
   days on market $172,000 Active 73 DOM
4. 2026-06-15
   days on market $172,000 Active 72 DOM
5. 2026-06-13
   days on market $172,000 Active 70 DOM
6. 2026-06-12
   days on market $172,000 Active 69 DOM
7. 2026-06-09
   days on market $172,000 Active 66 DOM
8. 2026-06-08
   days on market $172,000 Active 65 DOM
9. 2026-06-07
   days on market $172,000 Active 64 DOM
10. 2026-06-07
    days on market $172,000 Active 63 DOM
11. 2026-06-04
    days on market $172,000 Active 60 DOM
12. 2026-06-02
    days on market $172,000 Active 59 DOM
13. 2026-06-01
    days on market $172,000 Active 58 DOM
14. 2026-05-31
    days on market $172,000 Active 57 DOM
15. 2026-04-04
    listed $172,000 New 609-char remark

    Show marketing remark (609 chars)

    Welcome to small-town charm in Wilber, Nebraska—proudly known as the home of Check Days! This traditional-style home offers timeless character paired with comfortable living in a peaceful, close-knit community. Featuring a classic layout, and a warm, inviting atmosphere, this property is perfect for those seeking a slower pace without sacrificing convenience. Enjoy quiet streets, friendly neighbors, and the unique cultural heritage that makes Wilber a hidden gem in southeast Nebraska. Whether you're looking to settle down or invest, this home captures the essence of traditional Midwestern living.

16. 2026-04-04
    historical

    Show marketing remark (609 chars)

    Welcome to small-town charm in Wilber, Nebraska—proudly known as the home of Check Days! This traditional-style home offers timeless character paired with comfortable living in a peaceful, close-knit community. Featuring a classic layout, and a warm, inviting atmosphere, this property is perfect for those seeking a slower pace without sacrificing convenience. Enjoy quiet streets, friendly neighbors, and the unique cultural heritage that makes Wilber a hidden gem in southeast Nebraska. Whether you're looking to settle down or invest, this home captures the essence of traditional Midwestern living.

17. 2026-01-15
    price $184,999
18. 2025-12-22
    listed $189,999 New
19. 2022-03-08
    soldstatus $108,000
20. 2022-03-07
    soldstatus $108,000 Sold
21. 2022-01-22
    status Pending
22. 2021-11-19
    listed $109,000 Active - New
23. 2011-01-11
    soldstatus $23,500
24. 2011-01-11
    soldstatus $21,500
25. 2010-12-19
    listed $27,000
26. 2010-12-19
    listed $27,000

ⓘ 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: $745 · $62/mo
• Projected year-2 tax: $2,976 · $248/mo
• Expected delta: +$2,230/yr (+$186/mo · 299.3%)

ⓘ 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 · 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: $15,943
• − Mortgage interest: −$9,635
• − Property taxes: −$745
• − Insurance: −$860
• − Repairs & maintenance: −$1,275
• − Management: −$1,275
• − Depreciation: −$5,004
• Taxable loss: −$2,851
• Est. tax savings @ 24.0%: +$684
• After-tax cash flow: $850/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: Wilber-Clatonia Public Schools
• NCES district ID: 3178720
• Math proficiency: 35% ▼ -8.00%
• Reading proficiency: 42% ▼ -4.00%
• Median HH income: $54,058
• Composite: 33.62/100
• National rank: #5404
• State rank: #98 of 111 in NE

Livability — Wilber

• Score: 78/100
• State rank: #49
• US rank: #2481

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: Wilber, NE
• Population (ZIP): 2,682

Population outlook (Saline County) Hauer SSP2

• Today (2025): 15,242 people
• By 2030: 15,610 · +2.4%
• By 2040: 16,553 · +8.6%
• By 2050: 17,915 · +17.5%
• By 2075: 22,924 · +50.4%
• By 2100: 28,426 · +86.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 21% Two or more races 11% Asian 3%
• Hispanic origin (detail): Mexican 5% Cuban 3%
• Common ancestry: Scotch-Irish 2% Portuguese 1% Italian 1%
• Foreign-born: 14% · Canada, Vietnam, Philippines
• Languages at home: 80% English-only · Spanish 16% Other Asian/Pacific 2% German/W. Germanic 1%

Political lean MEDSL · Saline

• 2024 margin: Solid R (+33.2) · D 32.8% · R 66.0% · Other 1.2%
• 2008→2024 swing: -37.8pp toward R · 2008: 4.6pp · 2024: -33.2pp
• All cycles: 2024: R+33.2 2020: R+28.5 2016: R+25.4 2012: R+5.9 2008: D+4.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 13.86%
• Current HPI: 238.0839
• 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

+537.0% since first listed

12 events — show timeline

• 2026-04-04 Listing Removed — GPRMLS
• 2026-04-04 Listed $172,000 GPRMLS
• 2026-01-15 Price Changed $184,999 GPRMLS
• 2025-12-22 Listed $189,999 GPRMLS
• 2022-03-08 Sold (Public Records) $108,000 Public Records
• 2022-03-07 Sold (MLS) $108,000 GPRMLS
• 2022-01-22 Pending — GPRMLS
• 2021-11-19 Listed $109,000 GPRMLS
• 2011-01-11 Sold (MLS) $21,500 GPRMLS
• 2011-01-11 Sold (MLS) $23,500 GPRMLS
• 2010-12-19 Listed $27,000 GPRMLS
• 2010-12-19 Listed $27,000 GPRMLS

Property tax history

-1.2%/yr

Latest (2025): $745 · -4.7% YoY. Source: county tax records.