🏷️ Likely Rental
2019 N 20th St · Omaha, NE
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $1,161 – $2,155
Heat risk 3/10 · Minor
- Hot days now (above 105°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
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
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Livability +4.2/5.0
- Condition / age +4.0/5.0
- Rent growth +2.5/5.0
- Schools +2.5/10.0
- Appreciation +0.0/10.0
$105,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
Opportunity for buyers seeking equity growth or immediate rental income! This spacious 2 story was renovated approximately 2-3 years ago, including new flooring, updated bathrooms, and kitchen improvements with new cabinets and countertops! Bring your paint brush and bring it back to life or sit back and enjoy the passive income! Currently tenant occupied on a month to month at $1300/mo. Property is being sold as-is, needs tlc.
Key facts
- Kitchen improvements
- New flooring
- New cabinets
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath single-family listed at $105k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $577 ($7k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $105k).
- Recommended offer: $96k (9.0% below list) — sets the bar for market timing.
- Cap rate 12.9% vs local median 3.9% 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: Lothrop Magnet Center (math 17% / reading 27%, grade F, #459 of 502 statewide, top 93%, 349 students, 0% FRL); King Science/Tech Magnet Middle School (math 15% / reading 24%, grade F, #121 of 128 statewide, top 95%, 667 students, 0% FRL); Central High School (math 29% / reading 40%, grade F, #208 of 261 statewide, top 86%, 2,738 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: 61 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals lingering (median 32d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 4,539 units permitted in Douglas County in 2024 (2,583 in 5+ unit buildings).
- At $1,654/mo this rent would consume 54% of the median local household income ($37k/yr) — very limited rent-growth headroom before tenants either downsize or default.
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 ~6 years — after that, you're playing with house money.
Negotiation context
- It's been on market 98 days — a 9% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 13y ago; this cycle's ask has dropped $30k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $10k; list at $105k implies a 950% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 98 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- 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
- 1.57% ✓
- Cap rate
- 12.88%
- Cash-on-cash
- 23.54%
- DSCR
- 2.05
- GRM
- 5.3
CMA / ARV
- ARV (median comp)
- $204,775
- List price
- $105,000
- Delta
- -48.72%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 1552 N 17th St | 0.26mi | 3/2.0 | 1,848 (+0%) | 2mo | $242,000 | $131 | 85 |
| 2025 Florence Blvd | 0.07mi | 4/1.0 (+1) | 1,768 (-4%) | 15mo | $210,000 | $119 | 69 |
| 2523 Wirt St | 0.75mi | 3/2.0 | 1,834 (-0%) | 4mo | $175,000 | $95 | 62 |
| 2026 Maple St | 0.48mi | 3/2.0 | 1,994 (+8%) | 8mo | $241,000 | $121 | 57 |
| 2002 Maple St | 0.48mi | 3/1.5 | 1,888 (+3%) | 18mo | $135,000 | $72 | 56 |
| 2530 Patrick Ave | 0.40mi | 4/2.0 (+1) | 1,940 (+6%) | 20mo | $204,000 | $105 | 50 |
| 2195 Parker Cir | 0.15mi | 4/2.0 (+1) | 1,575 (-14%) | 23mo | $235,000 | $149 | 45 |
| 2621 Lizzie Robinson Ave | 0.53mi | 3/2.5 | 2,034 (+11%) | 13mo | $230,000 | $113 | 45 |
| 2628 Franklin St | 0.51mi | 3/3.0 | 1,580 (-14%) | 10mo | $233,500 | $148 | 40 |
| 2819 Blondo St | 0.63mi | 3/2.0 | 1,585 (-14%) | 15mo | $245,000 | $155 | 35 |
| 2512 Binney St | 0.70mi | 4/2.5 (+1) | 2,104 (+14%) | 5mo | $275,000 | $131 | 32 |
| 2815 Blondo St | 0.62mi | 3/2.0 | 1,585 (-14%) | 22mo | $245,000 | $155 | 29 |
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
- IRR
- 16.7%
- Equity multiple
- 1.67×
- Total profit
- $19,744
- Equity at exit
- $15,656
- IRR
- 25.2%
- Equity multiple
- 3.20×
- Total profit
- $64,602
- 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
Active competition Active MLS
- For sale now
- 10 active · 8 under contract
- Months of supply
- 5.5 mo (18%/mo absorbed)
- Median asking
- $175,000 ($121/sqft)
- Median days on market
- 68 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- -8.3% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 68110
- Home prices YoY
- -9.5%
- Active inventory
- 61
- Price-to-rent
- 5.3×
Monthly cashflow live
- Estimated rent
- $1,654 high interval (Pro) →
- Mortgage (P&I)
- −$551
- Tax from tax record
- −$135 /mo · $1,624/yr
- Insurance
- −$44
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$347
- Net cashflow
- $577
Break-even live
Sensitivity live
| Price | -10% $636 | -5% $606 | +0% $577 | +5% $547 | +10% $517 |
|---|---|---|---|---|---|
| Rent | -10% $446 | -5% $511 | +0% $577 | +5% $642 | +10% $707 |
| Rate | -1.0pp $630 | -0.5pp $603 | base $577 | +0.5pp $550 | +1.0pp $522 |
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
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 17 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1820 Miami St Omaha, NE | 4.0 | 1.5 | 1306 | $1,050 | $0.80 | 93d | 1 | 0.39mi |
| 1918 N 28th St Omaha, NE | 3.0 | 2.0 | 1800 | $1,800 | $1.00 | 16d | 1 | 0.61mi |
| 1015 N 16th St Omaha, NE | 1.0–2.0 | 1.0–2.0 | 1127 | $1,625 | $1.44 | 15d | 7 | 0.63mi |
| 1524 Cuming St Omaha, NE | 1.0–2.0 | 1.0–2.0 | 1021 | $1,980 | $1.94 | 15d | 15 | 0.73mi |
| 1415 Cuming St Omaha, NE | 2.0 | 1.0–2.0 | 881 | $1,915 | $2.17 | 15d | 13 | 0.81mi |
| 2431 Emmet St Omaha, NE | 3.0 | 1.0 | 1720 | $1,595 | $0.93 | 41d | 1 | 0.88mi |
| 1417 N 31st St Omaha, NE | 3.0 | 2.0 | 1284 | $1,495 | $1.16 | 31d | 1 | 0.91mi |
| 3314 Franklin St Omaha, NE | 4.0 | 2.0 | 1635 | $1,600 | $0.98 | 93d | 1 | 1.08mi |
| 2929 California St Omaha, NE | 1.0–4.0 | 1.0–3.0 | 1184 | $2,270 | $1.92 | 15d | 89 | 1.13mi |
| 3430 Seward St Omaha, NE | 3.0 | 1.0 | 1371 | $1,695 | $1.24 | 63d | 1 | 1.19mi |
| 3302 Burt St Unit 2 Omaha, NE | 3.0 | 2.0 | 1328 | $1,350 | $1.02 | 41d | 1 | 1.28mi |
| 2223 Dodge St Omaha, NE | 1.0–2.0 | 1.0–2.0 | 986 | $2,075 | $2.10 | 17d | 41 | 1.30mi |
| 4125 N 19th St Omaha, NE | 3.0 | 1.0 | 1266 | $1,532 | $1.21 | 25d | 1 | 1.30mi |
| 4201 N 22nd St Omaha, NE | 3.0 | 1.0 | 1380 | $1,545 | $1.12 | 93d | 1 | 1.33mi |
| 612 N 33rd St Omaha, NE | 3.0 | 2.0 | 2370 | $1,650 | $0.70 | 63d | 1 | 1.36mi |
| 105 S 9th St Omaha, NE | 2.0 | 2.0 | 1255 | $2,200 | $1.75 | 52d | 1 | 1.50mi |
| 105 S 9th St Omaha, NE | 2.0 | 2.0 | 1255 | $2,100 | $1.67 | 15d | 1 | 1.50mi |
Property features AI
Exterior
- Parking
- No garage
- Utilities
- Electricity availableNatural gas availablePublic waterPublic sewer
- Home design
- Single-family residenceTwo levelsNot newCity lot up to 1/4 acre
- Construction
- Wood sidingComposition roofBrick/mortar foundationBuilt in 1910
- Exterior features
- Front porch
Interior
- Kitchen
- RangeRefrigerator
- Bedrooms
- Primary bedroom on main floorAdditional bedrooms on main floor
- Flooring
- CarpetCeramic tileVinyl
- Bathrooms
- 2 total bathrooms (1 full, 1 half)At least one main-level full bathroom
- Heating & cooling
- Natural gas forced-air heatingCentral air conditioning
- Interior features
- Unfinished basementRangeRefrigerator
Listing history 50 events
-
2026-08-08days on market $105,000 Active 98 DOM
-
2026-08-07days on market $105,000 Active 97 DOM
-
2026-08-06days on market $105,000 Active 96 DOM
-
2026-08-05days on market $105,000 Active 95 DOM
-
2026-08-04days on market $105,000 Active 94 DOM
-
2026-08-03days on market $105,000 Active 93 DOM
-
2026-07-31days on market $105,000 Active 90 DOM
-
2026-07-30days on market $105,000 Active 89 DOM
-
2026-07-30days on market $105,000 Active 88 DOM
-
2026-07-28days on market $105,000 Active 87 DOM
-
2026-07-26days on market $105,000 Active 85 DOM
-
2026-07-24days on market $105,000 Active 83 DOM
-
2026-07-23days on market $105,000 Active 82 DOM
-
2026-07-22days on market $105,000 Active 81 DOM
-
2026-07-21days on market $105,000 Active 80 DOM
-
2026-07-20days on market $105,000 Active 79 DOM
-
2026-07-19days on market $105,000 Active 77 DOM
-
2026-07-18remarks 431-char remark
-
2026-07-18pricedays on market $105,000 Active 76 DOM
-
2026-07-16days on market $115,000 Active 75 DOM
-
2026-07-15days on market $115,000 Active 74 DOM
-
2026-07-14days on market $115,000 Active 73 DOM
-
2026-07-13days on market $115,000 Active 72 DOM
-
2026-07-13days on market $115,000 Active 71 DOM
-
2026-07-11days on market $115,000 Active 70 DOM
-
2026-07-10days on market $115,000 Active 69 DOM
-
2026-07-10days on market $115,000 Active 68 DOM
-
2026-07-07days on market $115,000 Active 66 DOM
-
2026-07-06days on market $115,000 Active 65 DOM
-
2026-07-05days on market $115,000 Active 64 DOM
-
2026-07-03days on market $115,000 Active 62 DOM
-
2026-07-02days on market $115,000 Active 61 DOM
-
2026-07-01days on market $115,000 Active 60 DOM
-
2026-06-30days on market $115,000 Active 59 DOM
-
2026-06-29days on market $115,000 Active 58 DOM
-
2026-06-28days on market $115,000 Active 57 DOM
-
2026-06-28days on market $115,000 Active 56 DOM
-
2026-06-25days on market $115,000 Active 53 DOM
-
2026-06-22days on market $115,000 Active 51 DOM
-
2026-06-21days on market $115,000 Active 50 DOM
-
2026-06-18days on market $115,000 Active 47 DOM
-
2026-06-17days on market $115,000 Active 46 DOM
-
2026-06-16days on market $115,000 Active 45 DOM
-
2026-06-15days on market $115,000 Active 44 DOM
-
2026-06-13days on market $115,000 Active 42 DOM
-
2026-06-10days on market $115,000 Active 39 DOM
-
2026-06-09days on market $115,000 Active 38 DOM
-
2026-06-08days on market $115,000 Active 37 DOM
-
2026-06-07pricedays on market $115,000 Active 36 DOM
-
2026-06-03days on market $125,000 Active 32 DOM
ⓘ 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
- $1,624 · $135/mo
- Projected year-2 tax
- $1,816 · $151/mo
- Expected delta
- +$193/yr (+$16/mo · 11.9%)
ⓘ 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 · 15 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $19,844
- − Mortgage interest
- −$5,882
- − Property taxes
- −$1,624
- − Insurance
- −$525
- − Repairs & maintenance
- −$1,588
- − Management
- −$1,588
- − Depreciation
- −$3,055
- Taxable income
- $5,584
- Est. tax owed @ 24.0%
- −$1,340
- After-tax cash flow
- $5,580/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 · 9 photos
This 2-story home, renovated 2 years ago, offers a good investment opportunity with fresh paint, new flooring, and updated bathrooms. Minor exterior touch-ups and cleaning would further enhance its curb appeal and value.
Components & finishes AI
Value-add opportunities
- Both Paint exterior trim — Enhances curb appeal and value ↑
- Both Clean gutters — Improves drainage and property value ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
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
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Omaha, NE
- County
- Pottawattamie · 625,245 people
- City population
- 552,986
- Metro
- Omaha, NE-IA
- Population (ZIP)
- 9,403
- Household income
- $36,517
- Rent vs Own
- Severe rent burden
- 6% of renters
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
- Highly diverse neighborhood (Simpson 0.72)
- Race & ethnicity
- Black 40% White 29% Hispanic / Latino 17% Asian 9% Two or more races 8% Native American 2%
- Hispanic origin (detail)
- Mexican 15%
- Common ancestry
- Ukrainian 2% Romanian 1% Portuguese 1%
- Foreign-born
- 18% · Canada, India, Philippines
- Languages at home
- 73% English-only · Spanish 12% Other Indo-European 6% Other Asian/Pacific 3%
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
- ▼ -23.25%
- Current HPI
- 220.8647
- 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
+827.4% since first listed12 events — show timeline
- 2026-06-04 Price Changed $115,000 GPRMLS
- 2026-05-19 Price Changed $125,000 GPRMLS
- 2026-05-01 Listed $135,000 GPRMLS
- 2023-09-08 Listing Removed — GPRMLS
- 2023-09-08 Listing Removed — GPRMLS
- 2023-09-08 Listed $185,000 GPRMLS
- 2017-11-06 Listing Removed — GPRMLS
- 2017-08-19 Price Changed $47,500 GPRMLS
- 2017-07-18 Listed $60,000 GPRMLS
- 2014-03-07 Sold (MLS) $10,000 GPRMLS
- 2014-02-08 Listing Removed — GPRMLS
- 2013-12-06 Listed $12,400 GPRMLS
Property tax history
+10.7%/yrLatest (2025): $1,624 · +2.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…