4721 N 42nd St · Omaha, NE 68111

$145,000

3 bd · 1.0 ba · 991 sqft · Other public records · 34 Days on market

Built 1910 6,384 sqft lot

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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 +16.3/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +5.0/10.0
• Livability +4.2/5.0
• 1% rule +4.0/10.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0

Listing remarks MLS

Calling all investors! This is your chance to capitalize on a fantastic fix-and-flip and sell or rent! Featuring 3 bedrooms, a 1 car detached garage and a spacious unfinished lower level, this property offers incredible potential to increase square footage and value. Additional perks include fenced front yard and plenty of off-street parking, adding convenience and appeal for future buyers or tenants. Bring your vision and tools!

Key facts

• Spacious yard
• Near fontenelle park
• Near dining

Tags

• SPACIOUS YARD
• NEAR FONTENELLE PARK
• QUICK ACCESS TO DOWNTOWN OMAHA
• NEAR SHOPPING
• NEAR DINING
• NEAR MONROE MIDDLE SCHOOL

Property features AI

Exterior

• Parking: Detached garage (1 covered space, total 1 parking space)
• Utilities: Public water
• Home design: Single-family residence; Residential property; Built in 1910; One-story (living area above grade)
• Construction: Block foundation
• Exterior features: Front porch; Patio; Chain link fencing; Lot about 0.14 acres (approx. 48 x 133)

Interior

• Bedrooms: Master bedroom on the main floor; Additional bedrooms on the main floor
• Bathrooms: One bathroom (main floor)
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Unfinished basement; No fireplaces

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $145k.

Deal economics

• At list price, monthly cash flow is $78 ($940/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $131k (9.7% below list).
• Recommended offer: $131k (9.7% below list) — sets the bar for 1% rule.
• Cap rate 6.9% 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.
• Market conditions: Rents rising (+3.2%/yr); 139 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 4,539 units permitted in Douglas County in 2024 (2,583 in 5+ unit buildings).
• This rent runs 37% of the median local income ($42k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $14k appreciation (10.0% local appreciation)).
• Douglas County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.2% rent growth), your $41k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 22y 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 $60k; list at $145k implies a 142% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $130,909 (9.7% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.90% ✗
• Cap rate: 6.94%
• Cash-on-cash: 2.32%
• DSCR: 1.10
• GRM: 9.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.22% rent growth · sell at horizon

5-year hold

• IRR: 26.0%
• Equity multiple: 3.07×
• Total profit: $84,243
• Equity at exit: $130,627

10-year hold

• IRR: 22.9%
• Equity multiple: 7.03×
• Total profit: $244,734
• Equity at exit: $281,703

Cash invested: $40,600 (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 68111

• Home prices YoY: 4.0%
• Rents YoY: 3.2%
• Active inventory: 139
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,309 high
• Mortgage (P&I): −$760
• Tax from tax record: −$135 /mo · $1,620/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $78

Break-even live

Break-even rent $1,210

Max offer price $145,000

Occupancy floor 89%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4844 Taylor St Apt 4 Omaha, NE	2.0	1.0	750	$925	$1.23	23d	1	0.63mi
4112 N 48th St Unit 2 Omaha, NE	2.0	1.0	800	$899	$1.12	23d	1	0.64mi
4112 N 48th St Omaha, NE	2.0	1.0	825	$899	$1.09	10d	2	0.64mi
4112 N 48th St Unit 3 Omaha, NE	2.0	1.0	800	$850	$1.06	23d	1	0.64mi
4918 Ames Ave Unit 17 Omaha, NE	2.0	1.5	1074	$850	$0.79	23d	1	0.64mi
3941 Himebaugh Ave Omaha, NE	2.0	1.0	720	$1,350	$1.88	23d	1	0.65mi
4852 Boyd St Omaha, NE	2.0	2.0	912	$1,500	$1.64	43d	1	0.67mi
4460 Redman Ave Omaha, NE	3.0	1.0	750	$950	$1.27	43d	1	0.67mi
4470 Redman Ave Unit 4470A Omaha, NE	2.0	1.5	980	$1,050	$1.07	10d	1	0.68mi
3356 N 41st St Omaha, NE	2.0	1.0	720	$1,295	$1.80	23d	1	0.81mi
3425 N 45th St Omaha, NE	2.0	1.0	872	$1,500	$1.72	14d	1	0.84mi
3323 N 40th St Omaha, NE	2.0	1.0	1000	$1,575	$1.57	2d	1	0.90mi
3674 Bedford Ave Omaha, NE	3.0	1.0	864	$1,275	$1.48	23d	1	0.99mi
4314 N 52nd St Omaha, NE	3.0	1.0	780	$945	$1.21	14d	1	1.05mi
4018 Bauman Ave Omaha, NE	3.0	1.0	925	$1,380	$1.49	43d	1	1.14mi
5119 Pratt St Omaha, NE	3.0	1.0	1008	$1,900	$1.88	43d	1	1.14mi
4625 N 56th St Apt 18 Omaha, NE	2.0	1.0	700	$875	$1.25	43d	1	1.22mi
4874 Maple St Omaha, NE	3.0	1.0	1098	$1,545	$1.41	43d	1	1.31mi
5922 N 28th Ave Omaha, NE	2.0	1.0	764	$950	$1.24	2d	1	1.35mi
2873 Kansas Ave Omaha, NE	3.0	2.0	1112	$1,450	$1.30	23d	1	1.35mi
6327 N 51st Ave Omaha, NE	3.0	1.0	860	$1,450	$1.69	23d	1	1.37mi
3502 Lake St Omaha, NE	2.0	1.0	974	$995	$1.02	2d	1	1.50mi

Listing history 33 events

1. 2026-06-15
   days on market $145,000 Active 34 DOM
2. 2026-06-13
   days on market $145,000 Active 32 DOM
3. 2026-06-10
   days on market $145,000 Active 29 DOM
4. 2026-06-09
   days on market $145,000 Active 28 DOM
5. 2026-06-08
   days on market $145,000 Active 27 DOM
6. 2026-06-07
   days on market $145,000 Active 26 DOM
7. 2026-06-03
   days on market $145,000 Active 22 DOM
8. 2026-06-03
   days on market $145,000 Active 21 DOM
9. 2026-06-01
   days on market $145,000 Active 20 DOM
10. 2026-06-01
    days on market $145,000 Active 19 DOM
11. 2026-05-12
    listed $145,000 New 726-char remark
12. 2026-05-12
    historical
13. 2026-04-24
    listed $145,000 New
14. 2025-10-07
    soldstatus $60,000 Sold

    Show marketing remark (433 chars)

    Calling all investors! This is your chance to capitalize on a fantastic fix-and-flip and sell or rent! Featuring 3 bedrooms, a 1 car detached garage and a spacious unfinished lower level, this property offers incredible potential to increase square footage and value. Additional perks include fenced front yard and plenty of off-street parking, adding convenience and appeal for future buyers or tenants. Bring your vision and tools!

15. 2025-10-07
    soldstatus $61,867

    Show marketing remark (433 chars)

    Calling all investors! This is your chance to capitalize on a fantastic fix-and-flip and sell or rent! Featuring 3 bedrooms, a 1 car detached garage and a spacious unfinished lower level, this property offers incredible potential to increase square footage and value. Additional perks include fenced front yard and plenty of off-street parking, adding convenience and appeal for future buyers or tenants. Bring your vision and tools!

16. 2025-09-24
    status Pending

    Show marketing remark (433 chars)

    Calling all investors! This is your chance to capitalize on a fantastic fix-and-flip and sell or rent! Featuring 3 bedrooms, a 1 car detached garage and a spacious unfinished lower level, this property offers incredible potential to increase square footage and value. Additional perks include fenced front yard and plenty of off-street parking, adding convenience and appeal for future buyers or tenants. Bring your vision and tools!

17. 2025-09-22
    price $69,711

    Show marketing remark (433 chars)

    Calling all investors! This is your chance to capitalize on a fantastic fix-and-flip and sell or rent! Featuring 3 bedrooms, a 1 car detached garage and a spacious unfinished lower level, this property offers incredible potential to increase square footage and value. Additional perks include fenced front yard and plenty of off-street parking, adding convenience and appeal for future buyers or tenants. Bring your vision and tools!

18. 2025-08-20
    price $119,711

    Show marketing remark (433 chars)

    Calling all investors! This is your chance to capitalize on a fantastic fix-and-flip and sell or rent! Featuring 3 bedrooms, a 1 car detached garage and a spacious unfinished lower level, this property offers incredible potential to increase square footage and value. Additional perks include fenced front yard and plenty of off-street parking, adding convenience and appeal for future buyers or tenants. Bring your vision and tools!

19. 2025-07-22
    price $129,711

    Show marketing remark (433 chars)

    Calling all investors! This is your chance to capitalize on a fantastic fix-and-flip and sell or rent! Featuring 3 bedrooms, a 1 car detached garage and a spacious unfinished lower level, this property offers incredible potential to increase square footage and value. Additional perks include fenced front yard and plenty of off-street parking, adding convenience and appeal for future buyers or tenants. Bring your vision and tools!

20. 2025-06-10
    listed $139,711 New

    Show marketing remark (433 chars)

    Calling all investors! This is your chance to capitalize on a fantastic fix-and-flip and sell or rent! Featuring 3 bedrooms, a 1 car detached garage and a spacious unfinished lower level, this property offers incredible potential to increase square footage and value. Additional perks include fenced front yard and plenty of off-street parking, adding convenience and appeal for future buyers or tenants. Bring your vision and tools!

21. 2015-11-30
    soldstatus $57,000
22. 2015-07-23
    soldstatus $37,464
23. 2013-02-11
    soldstatus $22,000
24. 2013-01-22
    historical
25. 2012-10-29
    listed $25,000
26. 2010-02-03
    soldstatus $45,000
27. 2010-01-04
    historical
28. 2009-09-01
    listed $29,900
29. 2008-01-01
    historical
30. 2007-06-11
    listed $44,500
31. 2004-05-21
    soldstatus $29,500
32. 2004-05-06
    historical
33. 2004-04-28
    listed $29,500

ⓘ 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: $1,620 · $135/mo
• Projected year-2 tax: $2,508 · $209/mo
• Expected delta: +$888/yr (+$74/mo · 54.8%)

ⓘ 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: $15,709
• − Mortgage interest: −$8,122
• − Property taxes: −$1,620
• − Insurance: −$725
• − Repairs & maintenance: −$1,257
• − Management: −$1,257
• − Depreciation: −$4,218
• Taxable loss: −$1,490
• Est. tax savings @ 24.0%: +$358
• After-tax cash flow: $1,298/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): 24,210
• Household income: $42,185
• Rent vs Own: 60.3% rent · 39.7% own
• Severe rent burden: 1913.0

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 0.65)
• Race & ethnicity: Black 52% Hispanic / Latino 21% White 17% Two or more races 15% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Ukrainian 3% Lithuanian 0%
• Foreign-born: 14% · Canada, Philippines
• Languages at home: 75% English-only · Spanish 16% Other Asian/Pacific 3% French/Haitian/Cajun 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: ▲ 13.82%
• Current HPI: 358.7174
• Rent YoY: ▲ 3.22%
• 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

+391.5% since first listed

24 events — show timeline

• 2026-06-16 Listing Removed — GPRMLS
• 2026-05-12 Listing Removed — GPRMLS
• 2026-05-12 Listed $145,000 GPRMLS
• 2026-04-24 Listed $145,000 GPRMLS
• 2025-10-07 Sold (Public Records) $61,867 Public Records
• 2025-10-07 Sold (MLS) $60,000 GPRMLS
• 2025-09-24 Pending — GPRMLS
• 2025-09-22 Price Changed $69,711 GPRMLS
• 2025-08-20 Price Changed $119,711 GPRMLS
• 2025-07-22 Price Changed $129,711 GPRMLS
• 2025-06-10 Listed $139,711 GPRMLS
• 2015-11-30 Sold (Public Records) $57,000 Public Records
• 2015-07-23 Sold (Public Records) $37,464 Public Records
• 2013-02-11 Sold (MLS) $22,000 GPRMLS
• 2013-01-22 Listing Removed — GPRMLS
• 2012-10-29 Listed $25,000 GPRMLS
• 2010-02-03 Sold (Public Records) $45,000 Public Records
• 2010-01-04 Listing Removed — GPRMLS
• 2009-09-01 Listed $29,900 GPRMLS
• 2008-01-01 Listing Removed — GPRMLS
• 2007-06-11 Listed $44,500 GPRMLS
• 2004-05-21 Sold (MLS) $29,500 GPRMLS
• 2004-05-06 Listing Removed — GPRMLS
• 2004-04-28 Listed $29,500 GPRMLS

Property tax history

+8.7%/yr

Latest (2025): $1,620 · -0.9% YoY. Source: county tax records.