7205 North Ridge Dr · Omaha, NE 68112

$105,000

2 bd · 1.0 ba · 800 sqft · SingleFamily public records

Built 1953 4,356 sqft lot Est $132k · 20% 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 +29.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Very affordable ranch home with a detached garage, fenced back yard, wood floors, full basement that could be finished. This is a great buy!

Key facts

• 4,356 sq ft lot
• Garage
• Built 1953

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $359 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $105k).
• Cap rate 10.4% 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: Florence Elementary School (math 22% / reading 32%, grade F, #438 of 502 statewide, top 88%, 251 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: 60 active listings in the ZIP; 15 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $726 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $29k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 0 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 28y 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 $35k; list at $105k implies a 200% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $105,000

Questions for the listing agent

1. Built in 1953 — 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: 1.30% ✓
• Cap rate: 10.40%
• Cash-on-cash: 14.66%
• DSCR: 1.65
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $132,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3331 Forest Lawn Ave	0.37mi	2/1.0	805 (+1%)	13mo	$144,900	$180	71
3620 Laurel Ave	0.70mi	2/1.0	768 (-4%)	1mo	$120,000	$156	60
3115 Sheffield St	0.58mi	2/1.0	788 (-2%)	16mo	$157,500	$200	57
6323 N 34 St	0.43mi	2/1.0	857 (+7%)	14mo	$120,000	$140	56
4215 Vernon Ave	0.69mi	2/1.5	820 (+2%)	10mo	$165,000	$201	53
3374 Curtis Ave	0.47mi	2/1.0	900 (+12%)	6mo	$124,500	$138	53
6319 N 34th St	0.44mi	3/1.0 (+1)	744 (-7%)	14mo	$125,000	$168	51
5927 N 35th St	0.66mi	2/1.0	757 (-5%)	15mo	$125,000	$165	48
6743 N 33rd St	0.30mi	3/1.0 (+1)	914 (+14%)	19mo	$127,000	$139	42
3119 King St	0.62mi	2/1.0	720 (-10%)	17mo	$126,500	$176	40
4026 Curtis Ave	0.63mi	3/1.0 (+1)	909 (+14%)	8mo	$135,000	$149	36
6012 N 36th St	0.63mi	2/1.0	696 (-13%)	19mo	$75,000	$108	33

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: 5.2%
• Equity multiple: 1.20×
• Total profit: $5,878
• Equity at exit: $15,656

10-year hold

• IRR: 14.6%
• Equity multiple: 2.18×
• Total profit: $34,648
• Equity at exit: $9,078

Cash invested: $29,400 (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 68112

• Home prices YoY: -29.4%
• Active inventory: 60
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,369 high
• Mortgage (P&I): −$551
• Tax from tax record: −$128 /mo · $1,533/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $359

Break-even live

Break-even rent $914

Max offer price $105,000

Occupancy floor 69%

Sensitivity live

Price	-10% $419	-5% $389	+0% $359	+5% $329	+10% $300
Rent	-10% $251	-5% $305	+0% $359	+5% $413	+10% $467
Rate	-1.0pp $412	-0.5pp $386	base $359	+0.5pp $332	+1.0pp $304

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3164 Ida St Omaha, NE	3.0	1.0	946	$1,600	$1.69	11d	1	0.31mi
3164 Ida St Omaha, NE	3.0	1.0	946	$1,600	$1.69	3d	1	0.31mi
3164 Ida St Omaha, NE	3.0	1.0	946	$1,600	$1.69	45d	1	0.31mi
3138 Weber Cir Omaha, NE	2.0	1.0	750	$1,200	$1.60	45d	1	0.41mi
4018 Bauman Ave Omaha, NE	3.0	1.0	925	$1,380	$1.49	45d	1	0.49mi
2723 Newport Ave Omaha, NE	2.0	1.0	1079	$1,450	$1.34	3d	1	0.72mi
2873 Kansas Ave Omaha, NE	3.0	2.0	1112	$1,450	$1.30	25d	1	0.80mi
4414 Curtis Ave Unit CRAWFORD 4414/B Omaha, NE	1.0	1.0	765	$745	$0.97	25d	1	0.80mi
3941 Himebaugh Ave Omaha, NE	2.0	1.0	720	$1,350	$1.88	25d	1	0.83mi
5922 N 28th Ave Omaha, NE	2.0	1.0	764	$950	$1.24	4d	1	0.88mi
3110 State St Unit 10 Omaha, NE	1.0	1.0	750	$995	$1.33	45d	1	1.00mi
3104 State St Unit 16 Omaha, NE	1.0	1.0	750	$995	$1.33	25d	1	1.01mi
4460 Redman Ave Omaha, NE	3.0	1.0	750	$950	$1.27	45d	1	1.07mi
4470 Redman Ave Unit 4470A Omaha, NE	2.0	1.5	980	$1,050	$1.07	11d	1	1.10mi
6327 N 51st Ave Omaha, NE	3.0	1.0	860	$1,450	$1.69	25d	1	1.47mi

Listing history 16 events

1. 2026-05-16
   historical
2. 2026-05-16
   listed $105,000
3. 2024-12-10
   status Pending
4. 2024-12-09
   historical
5. 2024-12-06
   listed $90,000 New
6. 2016-02-19
   soldstatus $35,000 140-char remark

   Show marketing remark (140 chars)

   Very affordable ranch home with a detached garage, fenced back yard, wood floors, full basement that could be finished. This is a great buy!

7. 2015-11-16
   soldstatus $35,000 Sold
8. 2015-10-28
   status Pending
9. 2015-10-02
   listed $33,900 Active - New
10. 2015-09-30
    listed $33,900 140-char remark

    Show marketing remark (140 chars)

    Very affordable ranch home with a detached garage, fenced back yard, wood floors, full basement that could be finished. This is a great buy!

11. 2014-12-04
    historical
12. 2014-07-24
    listed $30,000
13. 1998-05-22
    soldstatus $49,500
14. 1998-04-21
    historical
15. 1998-04-20
    soldstatus $49,500
16. 1998-04-03
    listed $51,000

ⓘ 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: $1,533 · $128/mo
• Projected year-2 tax: $1,816 · $151/mo
• Expected delta: +$283/yr (+$24/mo · 18.5%)

ⓘ 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 · 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: $16,425
• − Mortgage interest: −$5,882
• − Property taxes: −$1,533
• − Insurance: −$525
• − Repairs & maintenance: −$1,314
• − Management: −$1,314
• − Depreciation: −$3,055
• Taxable income: $2,802
• Est. tax owed @ 24.0%: −$673
• After-tax cash flow: $3,637/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): 12,071
• Household income: $56,159
• Rent vs Own: 24.9% rent · 75.1% own
• Severe rent burden: 385.0

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 59% Black 23% Two or more races 11% Hispanic / Latino 11%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Romanian 5% Lithuanian 2% Portuguese 2%
• Foreign-born: 5% · Canada
• Languages at home: 89% English-only · Spanish 9% Other Asian/Pacific 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: ▼ -105.85%
• Current HPI: 254.385
• Rent YoY: —
• 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

+105.9% since first listed

16 events — show timeline

• 2026-05-16 Listed $105,000 GPRMLS
• 2026-05-16 Listing Removed — GPRMLS
• 2024-12-10 Pending — GPRMLS
• 2024-12-09 Listing Removed — GPRMLS
• 2024-12-06 Listed $90,000 GPRMLS
• 2016-02-19 Sold (MLS) $35,000 SWIAR
• 2015-11-16 Sold (MLS) $35,000 GPRMLS
• 2015-10-28 Pending — GPRMLS
• 2015-10-02 Listed $33,900 GPRMLS
• 2015-09-30 Listed $33,900 SWIAR
• 2014-12-04 Listing Removed — GPRMLS
• 2014-07-24 Listed $30,000 GPRMLS
• 1998-05-22 Sold (MLS) $49,500 GPRMLS
• 1998-04-21 Listing Removed — GPRMLS
• 1998-04-20 Sold (Public Records) $49,500 Public Records
• 1998-04-03 Listed $51,000 GPRMLS

Property tax history

+4.1%/yr

Latest (2025): $1,533 · -13.2% YoY. Source: county tax records.