1327 N Cedar Ave · Hastings, NE 68901

$139,000

2 bd · 1.0 ba · 858 sqft · SingleFamily public records · 135 Days on market

Built 1940 6,450 sqft lot $162/sqft · 25% above area Est $111k · 25% over

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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 +25.1/30.0
• DSCR +8.2/10.0
• 1% rule +6.3/10.0
• Livability +4.0/5.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This Cute affordable 2 bedroom, 1 bath ranch is ready to go after an extensive remodel. . New furnace, ac, dishwasher, garbage disposal, interior paint, living room carpet, LVP laundry and front entry. .. .and to top it all off, a new roof. Hastings schools. Storage shed. Newer sewer line.

Key facts

• New furnace
• New garbage disposal
• Storage shed

Tags

• NEW FURNACE
• NEW AC
• NEW DISHWASHER
• NEW GARBAGE DISPOSAL
• NEW ROOF
• STORAGE SHED

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $139k.

Deal economics

• At list price, monthly cash flow is $307 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $139k).
• Recommended offer: $122k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 4.3% in Hastings — 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 79/100 on livability (#41 in NE, #2,188 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, amenities D-, commute F.
• Hastings Public Schools (town): math 38% / reading 42% proficiency, ranked #96 of 111 in NE (top 86%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 193 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 217 units permitted in Adams County in 2024 (132 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $961 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 135 days — a 12% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts; this cycle's ask has dropped $8k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $90k; list at $139k implies a 54% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $122,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 135 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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. 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.
6. 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.
7. 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: 1.13% ✓
• Cap rate: 8.95%
• Cash-on-cash: 9.47%
• DSCR: 1.42
• GRM: 7.4

CMA / ARV

• ARV (median comp): $111,311
• List price: $139,000
• Delta: 24.88%
• Verdict: OVERPRICED
• Comps: 13 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1237 N Colorado Ave	0.46mi	2/1.0	820 (-4%)	3mo	$134,500	$164	69

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: -2.0%
• Equity multiple: 0.92×
• Total profit: $-2,945
• Equity at exit: $20,725

10-year hold

• IRR: 7.7%
• Equity multiple: 1.58×
• Total profit: $22,669
• Equity at exit: $12,018

Cash invested: $38,920 (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 68901

• Active inventory: 193
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,573 high
• Mortgage (P&I): −$729
• Tax from tax record: −$148 /mo · $1,782/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$330
• Net cashflow: $307

Break-even live

Break-even rent $1,184

Max offer price $139,000

Occupancy floor 75%

Sensitivity live

Price	-10% $386	-5% $347	+0% $307	+5% $268	+10% $229
Rent	-10% $183	-5% $245	+0% $307	+5% $369	+10% $432
Rate	-1.0pp $377	-0.5pp $343	base $307	+0.5pp $271	+1.0pp $235

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2404 Hudson Way Apt 205 Hastings, NE	1.0	1.0	775	$1,475	$1.90	45d	1	0.70mi
2404 Hudson Way Apt 206 Hastings, NE	1.0	1.0	716	$1,395	$1.95	45d	1	0.70mi
2404 Hudson Way Apt 106 Hastings, NE	2.0	2.0	1053	$1,750	$1.66	45d	1	0.70mi
2404 Hudson Way Apt 302 Hastings, NE	2.0	2.0	973	$1,625	$1.67	45d	1	0.70mi
2314 Hudson WAY Hastings, NE	1.0–2.0	1.0–2.0	855	$1,850	$2.16	45d	71	0.74mi
2524 Hudson Way Apt 203 Hastings, NE	1.0	1.0	716	$1,395	$1.95	45d	1	0.77mi
2524 Hudson Way Apt 307 Hastings, NE	2.0	2.0	973	$1,625	$1.67	45d	1	0.77mi
2524 Hudson Way Apt 202 Hastings, NE	2.0	1.0	903	$1,525	$1.69	45d	1	0.77mi
2524 Hudson Way Apt 304 Hastings, NE	1.0	1.0	775	$1,475	$1.90	45d	1	0.77mi
2524 Hudson Way Apt 306 Hastings, NE	1.0	1.0	726	$1,425	$1.96	45d	1	0.77mi
2524 Hudson Way Apt 205 Hastings, NE	2.0	2.0	1051	$1,695	$1.61	45d	1	0.77mi
2524 Hudson Way Apt 301 Hastings, NE	2.0	2.0	1053	$1,750	$1.66	45d	1	0.77mi
2512 Hudson Way Apt 202 Hastings, NE	2.0	2.0	973	$1,625	$1.67	45d	1	0.77mi
2512 Hudson Way Apt 205 Hastings, NE	1.0	1.0	775	$1,475	$1.90	45d	1	0.77mi
2512 Hudson Way Apt 307 Hastings, NE	2.0	1.0	903	$1,525	$1.69	45d	1	0.77mi
2512 Hudson Way Unit 104 Hastings, NE	1.0	1.0	716	$1,395	$1.95	45d	1	0.77mi
2512 Hudson Way Apt 303 Hastings, NE	1.0	1.0	726	$1,425	$1.96	45d	1	0.77mi
2512 Hudson Way Apt 308 Hastings, NE	2.0	2.0	1053	$1,695	$1.61	45d	1	0.77mi
2512 Hudson Way Unit 208 Hastings, NE	2.0	2.0	1053	$1,750	$1.66	45d	1	0.77mi

Listing history 31 events

1. 2026-06-21
   days on market $139,000 Active 135 DOM
2. 2026-06-18
   days on market $139,000 Active 133 DOM
3. 2026-06-17
   days on market $139,000 Active 132 DOM
4. 2026-06-16
   days on market $139,000 Active 131 DOM
5. 2026-06-15
   days on market $139,000 Active 130 DOM
6. 2026-06-13
   days on market $139,000 Active 128 DOM
7. 2026-06-12
   days on market $139,000 Active 127 DOM
8. 2026-06-09
   days on market $139,000 Active 124 DOM
9. 2026-06-08
   days on market $139,000 Active 123 DOM
10. 2026-06-07
    days on market $139,000 Active 122 DOM
11. 2026-06-07
    days on market $139,000 Active 121 DOM
12. 2026-06-04
    days on market $139,000 Active 118 DOM
13. 2026-06-02
    days on market $139,000 Active 117 DOM
14. 2026-06-01
    days on market $139,000 Active 116 DOM
15. 2026-05-31
    days on market $139,000 Active 115 DOM
16. 2026-04-30
    price $139,000 290-char remark

    Show marketing remark (290 chars)

    This Cute affordable 2 bedroom, 1 bath ranch is ready to go after an extensive remodel. . New furnace, ac, dishwasher, garbage disposal, interior paint, living room carpet, LVP laundry and front entry. .. .and to top it all off, a new roof. Hastings schools. Storage shed. Newer sewer line.

17. 2026-03-03
    price $139,950 290-char remark

    Show marketing remark (290 chars)

    This Cute affordable 2 bedroom, 1 bath ranch is ready to go after an extensive remodel. . New furnace, ac, dishwasher, garbage disposal, interior paint, living room carpet, LVP laundry and front entry. .. .and to top it all off, a new roof. Hastings schools. Storage shed. Newer sewer line.

18. 2026-02-22
    price $144,950 290-char remark

    Show marketing remark (290 chars)

    This Cute affordable 2 bedroom, 1 bath ranch is ready to go after an extensive remodel. . New furnace, ac, dishwasher, garbage disposal, interior paint, living room carpet, LVP laundry and front entry. .. .and to top it all off, a new roof. Hastings schools. Storage shed. Newer sewer line.

19. 2026-02-05
    listed $147,500 Active 290-char remark

    Show marketing remark (290 chars)

    This Cute affordable 2 bedroom, 1 bath ranch is ready to go after an extensive remodel. . New furnace, ac, dishwasher, garbage disposal, interior paint, living room carpet, LVP laundry and front entry. .. .and to top it all off, a new roof. Hastings schools. Storage shed. Newer sewer line.

20. 2025-11-11
    listed $149,000 Active
21. 2025-10-16
    historical
22. 2025-08-11
    price $130,000
23. 2025-08-11
    price $130,000
24. 2025-08-08
    listed $125,000 Active
25. 2025-08-07
    status Back On Market
26. 2025-07-17
    status Pending
27. 2025-06-20
    listed $125,000 New
28. 2021-11-30
    soldstatus $90,000
29. 2021-04-02
    soldstatus $60,000
30. 2013-04-09
    soldstatus $48,000
31. 2009-04-01
    soldstatus $10,000

ⓘ 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: $1,782 · $148/mo
• Projected year-2 tax: $2,405 · $200/mo
• Expected delta: +$623/yr (+$52/mo · 35.0%)

ⓘ 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 ≥102°F today · 17 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: $18,875
• − Mortgage interest: −$7,786
• − Property taxes: −$1,782
• − Insurance: −$695
• − Repairs & maintenance: −$1,510
• − Management: −$1,510
• − Depreciation: −$4,044
• Taxable income: $1,548
• Est. tax owed @ 24.0%: −$372
• After-tax cash flow: $3,316/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: Hastings Public Schools
• NCES district ID: 3171580
• Math proficiency: 38% ▼ -8.00%
• Reading proficiency: 42% ▼ -4.00%
• Median HH income: $42,942
• Composite: 33.81/100
• National rank: #5363
• State rank: #96 of 111 in NE

Livability — Hastings

• Score: 79/100
• State rank: #41
• US rank: #2188

Category grades

Amenities D- 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: Hastings, NE
• City population: 26,208
• Population (ZIP): 26,208

Population outlook (Adams County) Hauer SSP2

• Today (2025): 31,965 people
• By 2030: 32,079 · +0.4%
• By 2040: 31,999 · +0.1%
• By 2050: 31,586 · -1.2%
• By 2075: 30,856 · -3.5%
• By 2100: 29,948 · -6.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 14% Two or more races 8% Black 1% Asian 1%
• Hispanic origin (detail): Mexican 9% Cuban 1%
• Common ancestry: Lithuanian 2% Romanian 2% Italian 2%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 9% Vietnamese 1%

Political lean MEDSL · Adams

• 2024 margin: Solid R (+41.6) · D 28.5% · R 70.2% · Other 1.3%
• 2008→2024 swing: -14.6pp toward R · 2008: -27.0pp · 2024: -41.6pp
• All cycles: 2024: R+41.6 2020: R+40.1 2016: R+45.0 2012: R+34.1 2008: R+27.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -255.77%
• Current HPI: 232.0444
• 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

+1290.0% since first listed

16 events — show timeline

• 2026-04-30 Price Changed $139,000 GMNMLS
• 2026-03-03 Price Changed $139,950 GMNMLS
• 2026-02-22 Price Changed $144,950 GMNMLS
• 2026-02-05 Listed $147,500 GMNMLS
• 2025-11-11 Listed $149,000 GMNMLS
• 2025-10-16 Listing Removed — GPRMLS
• 2025-08-11 Price Changed $130,000 GMNMLS
• 2025-08-11 Price Changed $130,000 GPRMLS
• 2025-08-08 Listed $125,000 GMNMLS
• 2025-08-07 Relisted — GPRMLS
• 2025-07-17 Pending — GPRMLS
• 2025-06-20 Listed $125,000 GPRMLS
• 2021-11-30 Sold (Public Records) $90,000 Public Records
• 2021-04-02 Sold (Public Records) $60,000 Public Records
• 2013-04-09 Sold (Public Records) $48,000 Public Records
• 2009-04-01 Sold (Public Records) $10,000 Public Records

Property tax history

+9.8%/yr

Latest (2025): $1,782 · +11.7% YoY. Source: county tax records.