344 N 35th Ave · Omaha, NE 68131

$202,900

4 bd · 2.0 ba · 1,730 sqft · Other public records · 1 Days on market

Built 1915 3,920 sqft lot

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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 +20.8/30.0
• ARV discount +7.5/15.0
• DSCR +6.6/10.0
• 1% rule +5.2/10.0
• Livability +4.2/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 4 bed. home offers plenty of space with over 1700 finished sq. ft. There are 2 master bed. , one on the main floor and one on the 2nd level . Note both are large size . New furnace in 2010 and new water heater in 2011 . Gifford Park is only a block away . Home is ideally located close to Midtown Shopping Center , Mutual of Omaha , and downtown . Washer and dryer stay and are located on main floor . Enclosed front porch . This home is a great bargain at this price .

Key facts

• Alley access
• Level lot
• Enclosed front porch

Tags

• ORIGINAL HARDWOOD FLOORS
• WELL-APPOINTED KITCHEN
• ENCLOSED FRONT PORCH
• LEVEL LOT
• ALLEY ACCESS
• NEAR MIDTOWN CROSSING

Property features AI

Exterior

• Parking: Off-street parking; Has garage (details inconsistent with 'No Garage' parking flag)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one-half story; Not new (built in 1915)
• Construction: Built in 1915; Block foundation
• Exterior features: Enclosed porch; Lot approximately 50 x 82 (about 0.09 acre, up to 1/4 acre)

Interior

• Kitchen: Kitchen located on main floor (about 11' x 16')
• Bedrooms: Primary bedroom on 2nd floor (about 20.5' x 11'); Second bedroom on 2nd floor (about 12' x 14'); Third bedroom on 2nd floor (about 7' x 11')
• Bathrooms: Two bathrooms total: one full and one half; One main-level bathroom
• Heating & cooling: Natural gas heating with forced air; Central air conditioning
• Interior features: Formal dining room; Unfinished basement

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath other listed at $203k.

Deal economics

• At list price, monthly cash flow is $278 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $203k).
• Cap rate 7.9% vs local median 3.6% in Omaha — 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 84/100 on livability (#7 in NE, #663 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F.
• Omaha Public Schools (urban): math 20% / reading 28% proficiency, ranked #110 of 111 in NE (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Kellom Elementary School (math 12% / reading 22%, grade F, #471 of 502 statewide, top 95%, 272 students, 0% FRL); Lewis & Clark Middle School (math 23% / reading 35%, grade F, #115 of 128 statewide, top 90%, 860 students, 0% FRL); Central High School (math 29% / reading 40%, grade F, #208 of 261 statewide, top 86%, 2,738 students, 0% FRL) — zoned schools average 0% FRL vs 62% district-wide (62 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+3.8%/yr); 65 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 4,539 units permitted in Douglas County in 2024 (2,583 in 5+ unit buildings).
• At $2,060/mo this rent would consume 51% of the median local household income ($49k/yr) (locally 1468% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Douglas County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 14y 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 1915 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $202,900

Questions for the listing agent

1. Built in 1915 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.02% ✓
• Cap rate: 7.94%
• Cash-on-cash: 5.88%
• DSCR: 1.26
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.82% rent growth · sell at horizon

5-year hold

• IRR: -6.3%
• Equity multiple: 0.76×
• Total profit: $-13,447
• Equity at exit: $30,253

10-year hold

• IRR: 4.2%
• Equity multiple: 1.32×
• Total profit: $18,251
• Equity at exit: $17,543

Cash invested: $56,812 (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 68131

• Home prices YoY: -26.3%
• Rents YoY: 3.8%
• Active inventory: 65
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,060 high
• Mortgage (P&I): −$1,064
• Tax from tax record: −$201 /mo · $2,411/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$433
• Net cashflow: $278

Break-even live

Break-even rent $1,708

Max offer price $202,900

Occupancy floor 82%

Sensitivity live

Price	-10% $393	-5% $336	+0% $278	+5% $221	+10% $163
Rent	-10% $115	-5% $197	+0% $278	+5% $360	+10% $441
Rate	-1.0pp $380	-0.5pp $330	base $278	+0.5pp $226	+1.0pp $172

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: $50,725
• Closing costs: $6,087
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
132 N 35th Ave Omaha, NE	5.0	2.0	1959	$2,550	$1.30	45d	1	0.15mi
303 N 38th St Omaha, NE	4.0	1.5	1472	$1,995	$1.36	25d	1	0.16mi
106 S 36th St Omaha, NE	3.0	3.0	1750	$2,275	$1.30	4d	1	0.25mi
110 N 38th St Unit 110 Omaha, NE	3.0	2.0	1600	$1,750	$1.09	25d	1	0.27mi
120 N 40th St Omaha, NE	3.0	1.0	1264	$1,745	$1.38	25d	1	0.44mi
411 S 38th Ave Omaha, NE	3.0	3.0	1872	$1,995	$1.07	45d	1	0.48mi
140 N 41st St Omaha, NE	3.0	2.5	1640	$2,495	$1.52	45d	1	0.49mi
3919 Farnam St Unit 3915 Farnam Omaha, NE	4.0	2.0	1700	$2,350	$1.38	45d	1	0.51mi
2929 California St Omaha, NE	1.0–4.0	1.0–3.0	1280	$3,340	$2.61	4d	118	0.57mi
3001 Harney St Omaha, NE	3.0	3.0	1764	$2,395	$1.36	45d	1	0.66mi
3430 Seward St Omaha, NE	3.0	1.0	1371	$1,695	$1.24	16d	1	0.76mi
542 S 29th St Omaha, NE	3.0	1.5	1442	$1,750	$1.21	16d	1	0.82mi
2915 Jackson St Unit 2 Omaha, NE	3.0	1.0	1100	$1,195	$1.09	4d	1	0.83mi
3314 Franklin St Omaha, NE	4.0	2.0	1635	$1,600	$0.98	45d	1	0.84mi
806 Park Ave Omaha, NE	3.0	3.0	1650	$2,395	$1.45	25d	2	0.91mi
4015 Marcy St Omaha, NE	3.0	1.0	1238	$1,695	$1.37	16d	1	0.93mi
528 S 26th Ave Ste B Omaha, NE	4.0	1.0	1748	$1,650	$0.94	4d	1	0.93mi
554 S 26th Ave Omaha, NE	3.0	1.0	1484	$1,400	$0.94	4d	1	0.97mi
4623 Douglas St Omaha, NE	3.0	2.0	1510	$1,750	$1.16	23d	1	0.98mi
4228 Mayberry St Omaha, NE	4.0	1.0	1664	$1,700	$1.02	16d	1	1.00mi
4207 Barker Ave Omaha, NE	3.0	1.0	1200	$1,595	$1.33	45d	1	1.04mi
1029 Park Ave Unit 3B Omaha, NE	3.0	1.0	1112	$1,295	$1.16	45d	1	1.06mi
4806 Webster St Omaha, NE	3.0	2.5	1589	$2,295	$1.44	4d	1	1.08mi
424 S 24th St Unit 109 Omaha, NE	4.0	2.0	1170	$1,400	$1.20	4d	1	1.10mi
4824 Webster St Unit 4824/4824 Omaha, NE	4.0	1.0	1317	$1,050	$0.80	45d	1	1.13mi
2211 Howard St Omaha, NE	3.0	1.0–3.0	837	$2,410	$2.88	4d	48	1.20mi
4918 California St Omaha, NE	3.0	1.0	1369	$1,695	$1.24	25d	1	1.23mi
4542 Franklin St Unit Labs Omaha, NE	5.0	2.5	2000	$1,900	$0.95	45d	1	1.24mi
1012 S 24th St Omaha, NE	1.0–3.0	1.0	918	$1,150	$1.25	4d	5	1.31mi
206 S 19th St Omaha, NE	1.0–3.0	1.0–3.0	918	$1,935	$2.11	4d	60	1.31mi
5004 Webster St Omaha, NE	4.0	3.0	2156	$2,500	$1.16	45d	1	1.31mi
1120 N 20th St Unit 309 Omaha, NE	4.0	2.0	1179	$1,550	$1.31	25d	1	1.34mi
1120 N 20th St Unit 103 Omaha, NE	3.0	2.0	1170	$1,150	$0.98	16d	1	1.34mi
1120 N 20th St Unit 102 Omaha, NE	3.0	2.0	1094	$580	$0.53	16d	1	1.34mi
629 S 19th Ave Omaha, NE	3.0	2.0	1364	$1,350	$0.99	45d	1	1.45mi

Listing history 25 events

1. 2026-06-13
   status $202,900 Pending 1 DOM
2. 2026-06-10
   statusdays on marketlisting id $202,900 New 1 DOM
3. 2026-06-09
   days on market $202,900 Active 104 DOM
4. 2026-06-08
   days on market $202,900 Active 103 DOM
5. 2026-06-07
   days on market $202,900 Active 102 DOM
6. 2026-06-03
   days on market $202,900 Active 98 DOM
7. 2026-06-03
   days on market $202,900 Active 97 DOM
8. 2026-06-01
   days on market $202,900 Active 96 DOM
9. 2026-06-01
   days on market $202,900 Active 95 DOM
10. 2026-04-30
    price $202,900 939-char remark
11. 2026-04-23
    price $209,900 939-char remark
12. 2026-04-10
    price $224,900 939-char remark
13. 2026-03-26
    price $229,900 939-char remark
14. 2026-03-06
    status Back On Market 939-char remark
15. 2026-02-27
    status Pending 939-char remark
16. 2026-02-18
    listed $234,900 New 939-char remark
17. 2016-09-23
    soldstatus $3,972,000
18. 2014-09-09
    soldstatus $63,000
19. 2014-09-04
    soldstatus $63,000 474-char remark

    Show marketing remark (474 chars)

    This 4 bed. home offers plenty of space with over 1700 finished sq. ft. There are 2 master bed. , one on the main floor and one on the 2nd level . Note both are large size . New furnace in 2010 and new water heater in 2011 . Gifford Park is only a block away . Home is ideally located close to Midtown Shopping Center , Mutual of Omaha , and downtown . Washer and dryer stay and are located on main floor . Enclosed front porch . This home is a great bargain at this price .

20. 2014-08-14
    historical 474-char remark

    Show marketing remark (474 chars)

    This 4 bed. home offers plenty of space with over 1700 finished sq. ft. There are 2 master bed. , one on the main floor and one on the 2nd level . Note both are large size . New furnace in 2010 and new water heater in 2011 . Gifford Park is only a block away . Home is ideally located close to Midtown Shopping Center , Mutual of Omaha , and downtown . Washer and dryer stay and are located on main floor . Enclosed front porch . This home is a great bargain at this price .

21. 2014-08-06
    listed $69,950 474-char remark

    Show marketing remark (474 chars)

    This 4 bed. home offers plenty of space with over 1700 finished sq. ft. There are 2 master bed. , one on the main floor and one on the 2nd level . Note both are large size . New furnace in 2010 and new water heater in 2011 . Gifford Park is only a block away . Home is ideally located close to Midtown Shopping Center , Mutual of Omaha , and downtown . Washer and dryer stay and are located on main floor . Enclosed front porch . This home is a great bargain at this price .

22. 2012-10-09
    soldstatus $50,000
23. 2012-08-15
    soldstatus $50,000
24. 2012-07-04
    historical
25. 2012-06-21
    listed $50,000

ⓘ 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: $2,411 · $201/mo
• Projected year-2 tax: $3,510 · $293/mo
• Expected delta: +$1,099/yr (+$92/mo · 45.6%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,725
• − Mortgage interest: −$11,366
• − Property taxes: −$2,411
• − Insurance: −$1,014
• − Repairs & maintenance: −$1,978
• − Management: −$1,978
• − Depreciation: −$5,903
• Taxable income: $75
• Est. tax owed @ 24.0%: −$18
• After-tax cash flow: $3,320/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: Omaha Public Schools
• NCES district ID: 3174820
• Math proficiency: 20% ▼ -10.00%
• Reading proficiency: 28% ▼ -5.00%
• Median HH income: $46,039
• Composite: 20.83/100
• National rank: #8502
• State rank: #110 of 111 in NE

Livability — Omaha

• Score: 84/100
• State rank: #7
• US rank: #663

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Omaha, NE
• County: Douglas County · 538,646 people
• City population: 552,986
• Metro: Omaha-Council Bluffs, NE-IA
• Population (ZIP): 14,809
• Household income: $48,925
• Rent vs Own: 75.6% rent · 24.4% own
• Severe rent burden: 1468.0

Population outlook (Douglas County) Hauer SSP2

• Today (2025): 625,245 people
• By 2030: 661,613 · +5.8%
• By 2040: 732,395 · +17.1%
• By 2050: 801,988 · +28.3%
• By 2075: 968,637 · +54.9%
• By 2100: 1,101,871 · +76.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 60% Black 20% Hispanic / Latino 10% Two or more races 7% Asian 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Portuguese 3% Romanian 2% Slovak 2%
• Foreign-born: 17% · Canada, China, South Korea
• Languages at home: 81% English-only · Spanish 5% Other Indo-European 2% Arabic 1%

Political lean MEDSL · Douglas

• 2024 margin: D (+10.2) · D 54.4% · R 44.2% · Other 1.4%
• 2008→2024 swing: +5.5pp toward D · 2008: 4.6pp · 2024: 10.2pp
• All cycles: 2024: D+10.2 2020: D+11.3 2016: D+1.4 2012: R+4.3 2008: D+4.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -109.21%
• Current HPI: 305.4972
• Rent YoY: ▲ 3.82%
• 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

+305.8% since first listed

19 events — show timeline

• 2026-06-10 Pending — GPRMLS
• 2026-06-09 Listing Removed — GPRMLS
• 2026-06-09 Listed $202,900 GPRMLS
• 2026-04-30 Price Changed $202,900 GPRMLS
• 2026-04-23 Price Changed $209,900 GPRMLS
• 2026-04-10 Price Changed $224,900 GPRMLS
• 2026-03-26 Price Changed $229,900 GPRMLS
• 2026-03-06 Relisted — GPRMLS
• 2026-02-27 Pending — GPRMLS
• 2026-02-18 Listed $234,900 GPRMLS
• 2016-09-23 Sold (Public Records) $3,972,000 Public Records
• 2014-09-09 Sold (Public Records) $63,000 Public Records
• 2014-09-04 Sold (MLS) $63,000 GPRMLS
• 2014-08-14 Listing Removed — GPRMLS
• 2014-08-06 Listed $69,950 GPRMLS
• 2012-10-09 Sold (Public Records) $50,000 Public Records
• 2012-08-15 Sold (MLS) $50,000 GPRMLS
• 2012-07-04 Listing Removed — GPRMLS
• 2012-06-21 Listed $50,000 GPRMLS

Property tax history

+2.5%/yr

Latest (2025): $2,411 · +21.8% YoY. Source: county tax records.