3715 NW Fairwood Ct · Lincoln, NE 68521

$59,900

3 bd · 2.0 ba · 1,216 sqft · Manufactured · 91 Days on market

Built 2016 Good condition $49/sqft · 34% above area Est $45k · 34% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.4/10.0
• Livability +4.2/5.0
• Condition / age +3.8/5.0
• Rent growth +3.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home!! Very well maintained, affordable living in desirable Contempo park. Very spacious, open concept. Tall ceilings, new AC in 2020, kitchen appliances stay, including the gas stove. Huge primary bedroom with large full bath and great walk in closet! 2 additional bedrooms and another full bath complete the package.

Key facts

• Open concept
• Gas stove
• Walk in closet

Tags

• OPEN CONCEPT
• NEW AC
• KITCHEN APPLIANCES STAY
• GAS STOVE
• WALK IN CLOSET

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $60k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $861 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $60k).
• Recommended offer: $55k (9.0% below list) — sets the bar for market timing.
• Cap rate 23.5% vs local median 3.0% in Lincoln — 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 85/100 on livability (#5 in NE, #545 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime D+.
• Lincoln Public Schools (urban): math 50% / reading 53% proficiency, ranked #59 of 111 in NE (top 53%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.0%/yr); 366 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,940 units permitted in Lancaster County in 2024 (895 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $414 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Lancaster County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.0% rent growth), your $17k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($55k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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.

Recommended offer $54,509 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. Crime grade is D 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: 2.69% ✓
• Cap rate: 23.54%
• Cash-on-cash: 61.61%
• DSCR: 3.74
• GRM: 3.1

CMA / ARV

• ARV (median comp): $44,817
• List price: $59,900
• Delta: 33.65%
• Verdict: OVERPRICED
• Comps: 11 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3709 NW Ebony Ct	0.04mi	3/2.0	1,216 (0%)	1mo	$57,500	$47	97
3601 NW Magnolia Ct	0.09mi	3/2.0	1,216 (0%)	10mo	$56,000	$46	88
3601 NW Orange Ct	0.13mi	3/2.0	1,216 (0%)	11mo	$28,000	$23	84
3804 NW Gum Ct	0.05mi	3/3.0	1,184 (-3%)	8mo	$56,000	$47	82
3719 NW Fairwood Ct	0.01mi	3/2.0	1,216 (0%)	21mo	$53,000	$44	82
3604 NW Lime Ct	0.09mi	3/2.0	1,216 (0%)	18mo	$57,500	$47	81
635 W Fairfield St	0.08mi	3/2.0	1,064 (-12%)	2mo	$42,000	$39	74
3616 NW Magnolia Ct	0.06mi	3/2.0	1,050 (-14%)	3mo	$42,000	$40	72
416 West Fairfield St	0.10mi	3/2.0	1,064 (-12%)	4mo	$42,000	$39	71
3619 NW Quincy Ct #184	0.18mi	3/2.0	1,069 (-12%)	9mo	$59,000	$55	64
639 W Fairfield St #283	0.09mi	3/2.0	1,064 (-12%)	24mo	$55,000	$52	55
3600 NW Nutwood Ct	0.12mi	3/2.0	1,036 (-15%)	23mo	$55,000	$53	50

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 · 4.04% rent growth · sell at horizon

5-year hold

• IRR: 61.7%
• Equity multiple: 3.79×
• Total profit: $46,864
• Equity at exit: $8,931

10-year hold

• IRR: 66.6%
• Equity multiple: 8.08×
• Total profit: $118,673
• Equity at exit: $5,179

Cash invested: $16,772 (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 68521

• Home prices YoY: -34.1%
• Rents YoY: 4.0%
• Active inventory: 366
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,614 high
• Mortgage (P&I): −$314
• Tax est. 1.5%: −$75 /mo · $898/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $861

Break-even live

Break-even rent $524

Max offer price $59,900

Occupancy floor 42%

Sensitivity live

Price	-10% $902	-5% $882	+0% $861	+5% $840	+10% $820
Rent	-10% $734	-5% $797	+0% $861	+5% $925	+10% $989
Rate	-1.0pp $891	-0.5pp $876	base $861	+0.5pp $846	+1.0pp $830

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4441 N 1st St Lincoln, NE	3.0	1.0–2.0	853	$1,780	$2.09	14d	39	0.42mi
2900 N 1st St Lincoln, NE	2.0–3.0	1.0–2.0	1061	$1,395	$1.31	44d	3	0.55mi
North Pointe Villas Lincoln, NE	3.0	1.0–2.0	1022	$2,266	$2.22	14d	25	0.58mi
2801 NW 1st St Lincoln, NE	3.0	2.0	1152	$1,349	$1.17	44d	3	0.63mi
2700 N 1st St #2 Lincoln, NE	2.0	1.0	897	$1,095	$1.22	22d	1	0.70mi
4730 Innovation Dr Lincoln, NE	2.0	1.0–2.5	873	$1,800	$2.06	14d	1	0.75mi
535 W Saunders Ave Unit 3 Lincoln, NE	2.0	1.0	889	$945	$1.06	44d	1	0.87mi
2636 N 4th St Unit 2636 Lincoln, NE	3.0	2.0	1060	$1,595	$1.50	44d	1	0.89mi
2635 N 5th St Unit 2635 Lincoln, NE	3.0	2.0	1060	$1,595	$1.50	44d	1	0.90mi
830 Judson St Lincoln, NE	3.0	1.0	816	$1,700	$2.08	44d	1	0.92mi
4420 N 7th St Lincoln, NE	1.0–2.0	1.0–2.0	881	$1,092	$1.24	14d	17	0.97mi
2521 N 9th St Lincoln, NE	1.0–2.0	1.0–2.0	700	$999	$1.43	14d	4	1.11mi
5265 NW 12th St Lincoln, NE	2.0	1.0–2.0	932	$1,895	$2.03	14d	15	1.12mi
1151 Elba Ave Lincoln, NE	3.0	1.5	1443	$1,695	$1.17	44d	1	1.16mi
3201 N 12th St Lincoln, NE	3.0	1.0	928	$1,250	$1.35	14d	1	1.21mi
1205 Adams St Lincoln, NE	2.0	1.0	875	$1,350	$1.54	44d	1	1.25mi

Listing history 18 events

1. 2026-06-18
   days on market $59,900 Active 91 DOM
2. 2026-06-17
   days on market $59,900 Active 90 DOM
3. 2026-06-16
   days on market $59,900 Active 89 DOM
4. 2026-06-15
   days on market $59,900 Active 88 DOM
5. 2026-06-14
   days on market $59,900 Active 86 DOM
6. 2026-06-10
   days on market $59,900 Active 83 DOM
7. 2026-06-09
   days on market $59,900 Active 82 DOM
8. 2026-06-08
   days on market $59,900 Active 81 DOM
9. 2026-06-07
   days on market $59,900 Active 80 DOM
10. 2026-06-05
    days on market $59,900 Active 77 DOM
11. 2026-06-03
    days on market $59,900 Active 76 DOM
12. 2026-06-02
    days on market $59,900 Active 75 DOM
13. 2026-05-31
    days on market $59,900 Active 73 DOM
14. 2026-05-30
    days on market $59,900 Active 72 DOM
15. 2026-03-18
    listed $59,900 New 326-char remark

    Show marketing remark (326 chars)

    Welcome home!! Very well maintained, affordable living in desirable Contempo park. Very spacious, open concept. Tall ceilings, new AC in 2020, kitchen appliances stay, including the gas stove. Huge primary bedroom with large full bath and great walk in closet! 2 additional bedrooms and another full bath complete the package.

16. 2024-08-01
    soldstatus $59,900 Sold 328-char remark

    Show marketing remark (328 chars)

    Welcome home!! Very well maintained, affordable living in desirable Contempo park. Very spacious, open concept. Tall ceilings, new AC in 2020, kitchen appliances stay, including the gas stove. Huge primary bedroom with large full bath and great walk in closet! 2 additional bedrooms and another full bath complete the package.

17. 2024-07-12
    status Pending 328-char remark

    Show marketing remark (328 chars)

    Welcome home!! Very well maintained, affordable living in desirable Contempo park. Very spacious, open concept. Tall ceilings, new AC in 2020, kitchen appliances stay, including the gas stove. Huge primary bedroom with large full bath and great walk in closet! 2 additional bedrooms and another full bath complete the package.

18. 2024-06-26
    listed $59,900 New 328-char remark

    Show marketing remark (328 chars)

    Welcome home!! Very well maintained, affordable living in desirable Contempo park. Very spacious, open concept. Tall ceilings, new AC in 2020, kitchen appliances stay, including the gas stove. Huge primary bedroom with large full bath and great walk in closet! 2 additional bedrooms and another full bath complete the package.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 · 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: $19,367
• − Mortgage interest: −$3,355
• − Property taxes: −$898
• − Insurance: −$300
• − Repairs & maintenance: −$1,549
• − Management: −$1,549
• − Depreciation: −$1,743
• Taxable income: $9,972
• Est. tax owed @ 24.0%: −$2,393
• After-tax cash flow: $7,939/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

This well-maintained mobile home in Contempo Park is ready for a fresh coat of paint and new carpet to enhance its curb appeal and value.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value
• Both Replace carpet — Fresh carpet improves comfort and value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Replace carpet — Fresh carpet improves comfort and value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Lincoln Public Schools
• NCES district ID: 3172840
• Math proficiency: 50% ▼ -6.00%
• Reading proficiency: 53% ▼ -3.00%
• Median HH income: $50,273
• Composite: 44.05/100
• National rank: #2880
• State rank: #59 of 111 in NE

Livability — Lincoln

• Score: 85/100
• State rank: #5
• US rank: #545

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lincoln, NE
• County: Lancaster County · 291,509 people
• City population: 291,509
• Metro: Lincoln, NE
• Population (ZIP): 37,050
• Household income: $67,483
• Rent vs Own: 42.2% rent · 57.8% own
• Severe rent burden: 1500.0

Population outlook (Lancaster County) Hauer SSP2

• Today (2025): 352,806 people
• By 2030: 377,899 · +7.1%
• By 2040: 428,582 · +21.5%
• By 2050: 483,103 · +36.9%
• By 2075: 632,390 · +79.2%
• By 2100: 759,513 · +115.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 12% Asian 8% Two or more races 7% Black 5%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Romanian 2% Arab 2% Italian 2%
• Foreign-born: 15% · Vietnam, Canada, United Kingdom
• Languages at home: 78% English-only · Spanish 9% Vietnamese 6% Arabic 3%

Political lean MEDSL · Lancaster

• 2024 margin: Toss-up / Even · D 51.4% · R 47.1% · Other 1.5%
• 2008→2024 swing: -0.7pp no change · 2008: 5.0pp · 2024: 4.3pp
• All cycles: 2024: D+4.3 2020: D+7.8 2016: D+0.1 2012: R+1.0 2008: D+5.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -124.30%
• Current HPI: 239.8394
• Rent YoY: ▲ 4.04%
• Metro: Lincoln, NE
• 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

+0.0% since first listed

4 events — show timeline

• 2026-03-18 Listed $59,900 GPRMLS
• 2024-08-01 Sold (MLS) $59,900 GPRMLS
• 2024-07-12 Pending — GPRMLS
• 2024-06-26 Listed $59,900 GPRMLS