3708 N 36th Ave · Omaha, NE 68111

$140,000

2 bd · 1.0 ba · 912 sqft · Other public records · 64 Days on market

Built 1948 5,227 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 +13.7/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +4.2/10.0
• Livability +4.2/5.0
• 1% rule +3.6/10.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0

Listing remarks MLS

This 2-bedroom, 1-bath home offers a functional layout with an attached 1-car garage and a fully fenced backyard. The main level includes a spacious living area, updated bathroom vanity and fixtures, and a practical kitchen with updated flooring and natural light. Hardwood floors are featured in the bedrooms. The lower level provides additional finished space, offering flexibility for storage, recreation, or bonus use. Lease is currently in place through the end of June. Fresh paint & carpet cleaned! Seller also owns 3620 Laurel Ave and 3949 N 36th Ave and is open to selling as a package, though each property may be purchased individually.

Key facts

• Finished space
• Updated flooring
• Hardwood floors

Tags

• FULLY FENCED BACKYARD
• UPDATED BATHROOM VANITY
• UPDATED FLOORING
• HARDWOOD FLOORS
• FINISHED SPACE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $140k.

Deal economics

• At list price, monthly cash flow is $11 ($135/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 $121k (13.7% below list).
• Recommended offer: $121k (13.7% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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: Druid Hill Elementary School (math 12% / reading 12%, grade F, #489 of 502 statewide, top 98%, 279 students, 0% FRL); Mc Millan Magnet Middle School (math 12% / reading 20%, grade F, #124 of 128 statewide, top 97%, 751 students, 0% FRL); North High School (math 21% / reading 25%, grade F, #247 of 261 statewide, top 95%, 1,796 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 (+3.2%/yr); 140 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 4,539 units permitted in Douglas County in 2024 (2,583 in 5+ unit buildings).

Forward outlook

• In year one you build about $15k of equity ($968 loan paydown + $14k appreciation (10.0% local appreciation)).
• Douglas County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.2% rent growth), your $39k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 24y 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 $88k; list at $140k implies a 59% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $120,825 (13.7% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — 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. 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?
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: 0.86% ✗
• Cap rate: 6.39%
• Cash-on-cash: 0.34%
• DSCR: 1.02
• GRM: 9.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.22% rent growth · sell at horizon

5-year hold

• IRR: 24.6%
• Equity multiple: 2.97×
• Total profit: $77,235
• Equity at exit: $126,123

10-year hold

• IRR: 21.8%
• Equity multiple: 6.80×
• Total profit: $227,436
• Equity at exit: $271,989

Cash invested: $39,200 (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 68111

• Home prices YoY: 4.0%
• Rents YoY: 3.2%
• Active inventory: 140
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,208 high
• Mortgage (P&I): −$734
• Tax from tax record: −$151 /mo · $1,809/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $11

Break-even live

Break-even rent $1,194

Max offer price $140,000

Occupancy floor 94%

Sensitivity live

Price	-10% $90	-5% $51	+0% $11	+5% $-28	+10% $-68
Rent	-10% $-84	-5% $-36	+0% $11	+5% $59	+10% $107
Rate	-1.0pp $82	-0.5pp $47	base $11	+0.5pp $-25	+1.0pp $-62

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3674 Bedford Ave Omaha, NE	3.0	1.0	864	$1,275	$1.48	25d	1	0.29mi
3323 N 40th St Omaha, NE	2.0	1.0	1000	$1,575	$1.57	4d	1	0.32mi
3356 N 41st St Omaha, NE	2.0	1.0	720	$1,295	$1.80	25d	1	0.40mi
3212 N 39th St Omaha, NE	1.0	1.0	1025	$785	$0.77	25d	1	0.42mi
3425 N 45th St Omaha, NE	2.0	1.0	872	$1,500	$1.72	16d	1	0.67mi
3502 Lake St Omaha, NE	2.0	1.0	974	$995	$1.02	4d	1	0.78mi
2305 John a Creighton Blvd Omaha, NE	2.0	1.0	672	$1,200	$1.79	23d	1	0.88mi
4112 N 48th St Unit 3 Omaha, NE	2.0	1.0	800	$850	$1.06	25d	1	0.95mi
4112 N 48th St Omaha, NE	2.0	1.0	825	$899	$1.09	12d	2	0.95mi
4112 N 48th St Unit 2 Omaha, NE	2.0	1.0	800	$899	$1.12	25d	1	0.95mi
4822 Sahler St Unit 48268 Omaha, NE	1.0	1.0	600	$700	$1.17	45d	1	1.01mi
4852 Boyd St Omaha, NE	2.0	2.0	912	$1,500	$1.64	45d	1	1.08mi
4844 Taylor St Apt 1 Omaha, NE	1.0	1.0	700	$795	$1.14	4d	1	1.09mi
4844 Taylor St Apt 4 Omaha, NE	2.0	1.0	750	$925	$1.23	25d	1	1.09mi
4874 Maple St Omaha, NE	3.0	1.0	1098	$1,545	$1.41	45d	1	1.15mi
4918 Ames Ave Apt 13 Omaha, NE	1.0	1.0	974	$750	$0.77	45d	1	1.16mi
4918 Ames Ave Unit 17 Omaha, NE	2.0	1.5	1074	$850	$0.79	25d	1	1.16mi
3941 Himebaugh Ave Omaha, NE	2.0	1.0	720	$1,350	$1.88	25d	1	1.27mi
5119 Pratt St Omaha, NE	3.0	1.0	1008	$1,900	$1.88	45d	1	1.34mi
1825 NW Radial Hwy Omaha, NE	1.0	1.0	650	$775	$1.19	45d	1	1.35mi
3708 Florence Blvd Omaha, NE	3.0	1.0	1102	$1,395	$1.27	23d	1	1.37mi
3911 N 52nd St Apt 5 Omaha, NE	1.0	1.0	850	$799	$0.94	16d	1	1.40mi
4460 Redman Ave Omaha, NE	3.0	1.0	750	$950	$1.27	45d	1	1.41mi
4470 Redman Ave Unit 4470A Omaha, NE	2.0	1.5	980	$1,050	$1.07	12d	1	1.43mi
4102 Hamilton St Unit 014 Omaha, NE	2.0	1.0	811	$1,120	$1.38	25d	1	1.47mi
4314 N 52nd St Omaha, NE	3.0	1.0	780	$945	$1.21	16d	1	1.47mi
4102 Hamilton St Omaha, NE	2.0	1.0	811	$1,120	$1.38	4d	1	1.47mi
4315 Charles St Apt 17 Omaha, NE	1.0	1.0	570	$795	$1.39	4d	1	1.48mi
2816 N 19th Ave Omaha, NE	3.0	1.0	860	$1,700	$1.98	45d	1	1.49mi
4157 Hamilton St Unit 7W Omaha, NE	1.0	1.0	600	$750	$1.25	45d	1	1.50mi

Listing history 12 events

1. 2026-04-24
   status Pending 652-char remark

   Show marketing remark (652 chars)

   This 2-bedroom, 1-bath home offers a functional layout with an attached 1-car garage and a fully fenced backyard. The main level includes a spacious living area, updated bathroom vanity and fixtures, and a practical kitchen with updated flooring and natural light. Hardwood floors are featured in the bedrooms. The lower level provides additional finished space, offering flexibility for storage, recreation, or bonus use. Lease is currently in place through the end of June. Fresh paint & carpet cleaned! Seller also owns 3620 Laurel Ave and 3949 N 36th Ave and is open to selling as a package, though each property may be purchased individually.

2. 2026-02-19
   listed $140,000 New 652-char remark

   Show marketing remark (652 chars)

   This 2-bedroom, 1-bath home offers a functional layout with an attached 1-car garage and a fully fenced backyard. The main level includes a spacious living area, updated bathroom vanity and fixtures, and a practical kitchen with updated flooring and natural light. Hardwood floors are featured in the bedrooms. The lower level provides additional finished space, offering flexibility for storage, recreation, or bonus use. Lease is currently in place through the end of June. Fresh paint & carpet cleaned! Seller also owns 3620 Laurel Ave and 3949 N 36th Ave and is open to selling as a package, though each property may be purchased individually.

3. 2021-01-19
   soldstatus $88,000
4. 2021-01-17
   soldstatus $88,000 Sold 409-char remark

   Show marketing remark (409 chars)

   You must see this super cute, newly updated multilevel home. Move in ready so you can enjoy your new space for the upcoming holidays! There will be nothing to worry about with a brand new roof, updated kitchen with new stainless steel appliances, updated bathroom, freshly painted exterior and interior, new garage door, as well as a new electrical panel. Don’t miss this cozy home waiting just for you!

5. 2020-12-03
   status Pending 409-char remark

   Show marketing remark (409 chars)

   You must see this super cute, newly updated multilevel home. Move in ready so you can enjoy your new space for the upcoming holidays! There will be nothing to worry about with a brand new roof, updated kitchen with new stainless steel appliances, updated bathroom, freshly painted exterior and interior, new garage door, as well as a new electrical panel. Don’t miss this cozy home waiting just for you!

6. 2020-11-30
   price $93,000 409-char remark

   Show marketing remark (409 chars)

   You must see this super cute, newly updated multilevel home. Move in ready so you can enjoy your new space for the upcoming holidays! There will be nothing to worry about with a brand new roof, updated kitchen with new stainless steel appliances, updated bathroom, freshly painted exterior and interior, new garage door, as well as a new electrical panel. Don’t miss this cozy home waiting just for you!

7. 2020-11-22
   price $100,000 409-char remark

   Show marketing remark (409 chars)

   You must see this super cute, newly updated multilevel home. Move in ready so you can enjoy your new space for the upcoming holidays! There will be nothing to worry about with a brand new roof, updated kitchen with new stainless steel appliances, updated bathroom, freshly painted exterior and interior, new garage door, as well as a new electrical panel. Don’t miss this cozy home waiting just for you!

8. 2020-11-16
   listed $110,000 Active - New 409-char remark

   Show marketing remark (409 chars)

   You must see this super cute, newly updated multilevel home. Move in ready so you can enjoy your new space for the upcoming holidays! There will be nothing to worry about with a brand new roof, updated kitchen with new stainless steel appliances, updated bathroom, freshly painted exterior and interior, new garage door, as well as a new electrical panel. Don’t miss this cozy home waiting just for you!

9. 2002-08-27
   soldstatus $35,000
10. 2002-08-23
    soldstatus $35,000
11. 2002-07-26
    historical
12. 2002-05-17
    listed $40,000

ⓘ 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: $1,809 · $151/mo
• Projected year-2 tax: $2,422 · $202/mo
• Expected delta: +$613/yr (+$51/mo · 33.9%)

ⓘ 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 ≥105°F today · 14 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: $14,499
• − Mortgage interest: −$7,842
• − Property taxes: −$1,809
• − Insurance: −$700
• − Repairs & maintenance: −$1,160
• − Management: −$1,160
• − Depreciation: −$4,073
• Taxable loss: −$2,245
• Est. tax savings @ 24.0%: +$539
• After-tax cash flow: $674/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): 24,210
• Household income: $42,185
• Rent vs Own: 60.3% rent · 39.7% own
• Severe rent burden: 1913.0

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 0.65)
• Race & ethnicity: Black 52% Hispanic / Latino 21% White 17% Two or more races 15% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Ukrainian 3% Lithuanian 0%
• Foreign-born: 14% · Canada, Philippines
• Languages at home: 75% English-only · Spanish 16% Other Asian/Pacific 3% French/Haitian/Cajun 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: ▲ 13.82%
• Current HPI: 358.7174
• Rent YoY: ▲ 3.22%
• 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

+250.0% since first listed

12 events — show timeline

• 2026-04-24 Pending — GPRMLS
• 2026-02-19 Listed $140,000 GPRMLS
• 2021-01-19 Sold (Public Records) $88,000 Public Records
• 2021-01-17 Sold (MLS) $88,000 GPRMLS
• 2020-12-03 Pending — GPRMLS
• 2020-11-30 Price Changed $93,000 GPRMLS
• 2020-11-22 Price Changed $100,000 GPRMLS
• 2020-11-16 Listed $110,000 GPRMLS
• 2002-08-27 Sold (MLS) $35,000 GPRMLS
• 2002-08-23 Sold (Public Records) $35,000 Public Records
• 2002-07-26 Listing Removed — GPRMLS
• 2002-05-17 Listed $40,000 GPRMLS

Property tax history

+5.8%/yr

Latest (2025): $1,809 · -0.9% YoY. Source: county tax records.