105 Horton St · Scribner, NE 68057

$155,000

2 bd · 1.0 ba · 1,440 sqft · SingleFamily public records · 58 Days on market

Built 1912 0.51 ac lot $108/sqft · 15% below area Est $183k · 15% under

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Why this score? — see what drove the D+ 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 +14.4/15.0
• Cash flow +8.7/30.0
• Appreciation +6.9/10.0
• Schools +4.9/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.4/10.0
• 1% rule +2.1/10.0

Listing remarks MLS

Peace and quiet awaits in this 4 bedroom home situated on a large lot in Scribner. Home features main floor laundry and eat in kitchen 2 bedrooms on the main floor with 2 additional bedrooms upstairs. A one car attached garage leads out to a large lot for entertaining or gardening.

Key facts

• Attached garage
• Eat in kitchen
• Main floor laundry

Tags

• MAIN FLOOR LAUNDRY
• EAT IN KITCHEN
• LARGE LOT
• ATTACHED GARAGE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $-131 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $132k (15.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $110k (29.1% below list).
• Recommended offer: $110k (29.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 73/100 on livability (#143 in NE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Scribner-Snyder Community Schools (rural): math 55% / reading 55% proficiency, ranked #106 of 245 in NE (top 43%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 12 active listings in the ZIP; 82 units permitted in Dodge County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($1k loan paydown + $6k appreciation (3.7% local appreciation)).
• By year 6, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $45k; list at $155k implies a 244% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1912 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $109,838 (29.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 29% concession, seller financing, or rate buy-down credit?
3. Built in 1912 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.71% ✗
• Cap rate: 5.28%
• Cash-on-cash: -3.63%
• DSCR: 0.84
• GRM: 11.8

CMA / ARV

• ARV (median comp): $183,074
• List price: $155,000
• Delta: -15.33%
• 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
209 8th St	0.40mi	3/2.0 (+1)	1,404 (-2%)	20mo	$85,000	$61	52
516 5 St	0.38mi	2/2.0	1,652 (+15%)	6mo	$197,000	$119	48
404 5th St	0.30mi	3/2.0 (+1)	1,256 (-13%)	9mo	$195,000	$155	48
715 6th St	0.52mi	2/1.0	1,256 (-13%)	11mo	$42,500	$34	45
108 Neff St	0.41mi	3/1.0 (+1)	1,296 (-10%)	19mo	$169,000	$130	44
605 Main St	0.39mi	3/2.0 (+1)	1,628 (+13%)	12mo	$225,000	$138	41
410 Bridge St	0.46mi	2/2.0	1,224 (-15%)	13mo	$189,900	$155	39
801 Logan St	0.41mi	3/1.5 (+1)	1,240 (-14%)	14mo	$182,000	$147	39
202 Bridge St	0.42mi	3/1.0 (+1)	1,292 (-10%)	23mo	$126,000	$98	39
675 County Rd 12 Ct	0.44mi	3/2.0 (+1)	1,596 (+11%)	22mo	$295,000	$185	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.74% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 6.3%
• Equity multiple: 1.38×
• Total profit: $16,435
• Equity at exit: $76,249

10-year hold

• IRR: 8.9%
• Equity multiple: 2.45×
• Total profit: $62,837
• Equity at exit: $122,882

Cash invested: $43,400 (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 68057

• Home prices YoY: 1.4%
• Active inventory: 12
• Price-to-rent: 11.8×

Monthly cashflow live

• Estimated rent: $1,098 medium
• Mortgage (P&I): −$813
• Tax from tax record: −$122 /mo · $1,461/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$231
• Net cashflow: $-131

Break-even live

Break-even rent $1,265

Max offer price $131,784

Occupancy floor —

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $155,000 Active 58 DOM
2. 2026-06-17
   days on market $155,000 Active 57 DOM
3. 2026-06-16
   days on market $155,000 Active 56 DOM
4. 2026-06-15
   days on market $155,000 Active 55 DOM
5. 2026-06-13
   days on market $155,000 Active 53 DOM
6. 2026-06-12
   days on market $155,000 Active 52 DOM
7. 2026-06-09
   days on market $155,000 Active 49 DOM
8. 2026-06-08
   days on market $155,000 Active 48 DOM
9. 2026-06-07
   days on market $155,000 Active 47 DOM
10. 2026-06-05
    days on market $155,000 Active 45 DOM
11. 2026-06-04
    days on market $155,000 Active 43 DOM
12. 2026-06-02
    days on market $155,000 Active 42 DOM
13. 2026-06-01
    days on market $155,000 Active 41 DOM
14. 2026-05-31
    days on market $155,000 Active 40 DOM
15. 2026-04-21
    listed $160,000 New 283-char remark

    Show marketing remark (283 chars)

    Peace and quiet awaits in this 4 bedroom home situated on a large lot in Scribner. Home features main floor laundry and eat in kitchen 2 bedrooms on the main floor with 2 additional bedrooms upstairs. A one car attached garage leads out to a large lot for entertaining or gardening.

16. 2000-05-31
    soldstatus $45,000

ⓘ 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: $1,461 · $122/mo
• Projected year-2 tax: $2,682 · $223/mo
• Expected delta: +$1,221/yr (+$102/mo · 83.6%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X · 22% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 15 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: $13,181
• − Mortgage interest: −$8,682
• − Property taxes: −$1,461
• − Insurance: −$775
• − Repairs & maintenance: −$1,054
• − Management: −$1,054
• − Depreciation: −$4,509
• Taxable loss: −$4,356
• Est. tax savings @ 24.0%: +$1,045
• After-tax cash flow: $-532/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: Scribner-Snyder Community Schools
• NCES district ID: 3100076
• Math proficiency: 55% ▲ 5.00%
• Reading proficiency: 55% ▲ 10.00%
• Median HH income: $47,487
• Composite: 48.51/100
• National rank: #4622
• State rank: #106 of 245 in NE

Livability — Scribner

• Score: 73/100
• State rank: #143
• US rank: #5208

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Scribner, NE
• Population (ZIP): 1,435

Population outlook (Dodge County) Hauer SSP2

• Today (2025): 37,191 people
• By 2030: 37,238 · +0.1%
• By 2040: 37,256 · +0.2%
• By 2050: 37,494 · +0.8%
• By 2075: 39,165 · +5.3%
• By 2100: 40,221 · +8.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 7% Two or more races 4% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Italian 3% Romanian 2% Iranian 1%
• Foreign-born: 2% · South Korea, Canada
• Languages at home: 94% English-only · Spanish 4% German/W. Germanic 1%

Political lean MEDSL · Dodge

• 2024 margin: Solid R (+32.6) · D 33.0% · R 65.7% · Other 1.3%
• 2008→2024 swing: -20.6pp toward R · 2008: -12.0pp · 2024: -32.6pp
• All cycles: 2024: R+32.6 2020: R+32.1 2016: R+35.3 2012: R+22.7 2008: R+12.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.74%
• Current HPI: 269.9092
• 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

+255.6% since first listed

2 events — show timeline

• 2026-04-21 Listed $160,000 GPRMLS
• 2000-05-31 Sold (Public Records) $45,000 Public Records

Property tax history

+5.7%/yr

Latest (2025): $1,461 · +83.8% YoY. Source: county tax records.