4248 Burdette St · Omaha, NE 68111

$198,500

4 bd · 1.5 ba · 1,580 sqft · Other public records · 4 Days on market

Built 1900 6,000 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 +20.2/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.4/10.0
• 1% rule +4.5/10.0
• Livability +4.2/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0

Listing remarks

Welcome to 4248 Burdette Street, a beautifully refreshed property offering modern updates and low-maintenance living. This home features brand-new windows, a new roof, and new concrete, giving it excellent curb appeal and long-term peace of mind. Inside, you will find a fully remodeled kitchen and updated bathrooms, thoughtfully finished for comfort and style. New blinds throughout add a clean, move-in-ready touch. Located on a corner lot, this home provides extra space and great natural light. Seller assistance available.

Key facts

• New concrete
• Updated bathrooms
• New roof

Tags

• NEW WINDOWS
• NEW ROOF
• NEW CONCRETE
• FULLY REMODELED KITCHEN
• UPDATED BATHROOMS
• CORNER LOT

Property features AI

Exterior

• Parking: No garage
• Utilities: Electricity available; Natural gas available; Public water; Public sewer
• Home design: Single-family residence; Two levels; Not new / not a model
• Construction: Built in 1900; Block foundation; Composition roof
• Exterior features: Porch; Patio; Corner city lot with public sidewalk; Lot approximately 50 x 120 (about 0.13 acre)

Interior

• Kitchen: Range
• Bedrooms: Primary bedroom on second floor; Additional bedrooms on second floor
• Flooring: Laminate
• Bathrooms: Two full bathrooms
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Partially finished basement; No fireplaces; Laminate flooring

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath other listed at $198k.

Deal economics

• At list price, monthly cash flow is $251 ($3k/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 $189k (5.0% below list).
• Recommended offer: $189k (5.0% below list) — sets the bar for 1% rule.

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: King Elementary School (math 8% / reading 12%, grade F, #494 of 502 statewide, top 99%, 326 students, 0% FRL); Monroe Middle School (math 8% / reading 15%, grade F, #127 of 128 statewide, top 99%, 769 students, 0% FRL); Benson High School (math 9% / reading 12%, grade F, #257 of 261 statewide, top 98%, 1,570 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.
• Zoned-school proficiency averages 11% at this address vs 24% district-wide (-13 pts) — the specific schools serving this property underperform the Omaha Public Schools average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+3.2%/yr); 139 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 46% 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).

Forward outlook

• In year one you build about $21k of equity ($1k loan paydown + $20k 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 $56k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 18y 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 $140k; 42% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $188,626 (5.0% below list)

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.95% ✗
• Cap rate: 7.81%
• Cash-on-cash: 5.42%
• DSCR: 1.24
• GRM: 8.8

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: 28.3%
• Equity multiple: 3.24×
• Total profit: $124,449
• Equity at exit: $178,825

10-year hold

• IRR: 24.7%
• Equity multiple: 7.38×
• Total profit: $354,671
• Equity at exit: $385,642

Cash invested: $55,580 (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: 8.8×

Monthly cashflow live

• Estimated rent: $1,886 high
• Mortgage (P&I): −$1,041
• Tax from tax record: −$116 /mo · $1,388/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $251

Break-even live

Break-even rent $1,569

Max offer price $198,500

Occupancy floor 82%

Sensitivity live

Price	-10% $363	-5% $307	+0% $251	+5% $195	+10% $138
Rent	-10% $102	-5% $176	+0% $251	+5% $325	+10% $400
Rate	-1.0pp $351	-0.5pp $301	base $251	+0.5pp $199	+1.0pp $147

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: $49,625
• Closing costs: $5,955
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4542 Franklin St Unit Labs Omaha, NE	5.0	2.5	2000	$1,900	$0.95	44d	1	0.37mi
4276 Binney St Omaha, NE	4.0	1.0	1358	$1,495	$1.10	44d	1	0.45mi
4874 Maple St Omaha, NE	3.0	1.0	1098	$1,545	$1.41	44d	1	0.66mi
3002 N 48th Ave Omaha, NE	4.0	2.0	1205	$1,550	$1.29	24d	1	0.68mi
5011 Miami St Omaha, NE	3.0	3.0	2180	$2,200	$1.01	44d	1	0.72mi
2914 N 49th Ave Omaha, NE	3.0	1.0	1375	$1,615	$1.17	24d	1	0.74mi
3430 Seward St Omaha, NE	3.0	1.0	1371	$1,695	$1.24	15d	1	0.80mi
3314 Franklin St Omaha, NE	4.0	2.0	1635	$1,600	$0.98	44d	1	0.86mi
3508 N 47th Ave Omaha, NE	3.0	1.0	1425	$1,600	$1.12	19d	1	0.88mi
3535 N 45th Ave Omaha, NE	3.0	1.0	1325	$1,800	$1.36	44d	1	0.89mi
4806 Webster St Omaha, NE	3.0	2.5	1589	$2,295	$1.44	3d	1	0.98mi
4824 Webster St Unit 4824/4824 Omaha, NE	4.0	1.0	1317	$1,050	$0.80	44d	1	1.01mi
3808 N 48th St Omaha, NE	3.0	2.0	1400	$2,000	$1.43	3d	1	1.09mi
5004 Webster St Omaha, NE	4.0	3.0	2156	$2,500	$1.16	44d	1	1.11mi
4918 California St Omaha, NE	3.0	1.0	1369	$1,695	$1.24	24d	1	1.17mi
5610 Seward St Omaha, NE	4.0	2.0	1682	$2,200	$1.31	44d	1	1.22mi
5633 Parker St Omaha, NE	3.0	1.5	1200	$1,695	$1.41	44d	1	1.23mi
303 N 38th St Omaha, NE	4.0	1.5	1472	$1,995	$1.36	24d	1	1.27mi
140 N 41st St Omaha, NE	3.0	2.5	1640	$2,495	$1.52	44d	1	1.28mi
3204 N 56th St Omaha, NE	3.0	2.0	1800	$1,700	$0.94	11d	1	1.30mi
120 N 40th St Omaha, NE	3.0	1.0	1264	$1,745	$1.38	24d	1	1.30mi
110 N 38th St Unit 110 Omaha, NE	3.0	2.0	1600	$1,750	$1.09	24d	1	1.38mi
132 N 35th Ave Omaha, NE	5.0	2.0	1959	$2,550	$1.30	44d	1	1.40mi
2817 N 60th St Unit 2821/02 Omaha, NE	3.0	1.0	1188	$1,045	$0.88	24d	1	1.43mi
2817 N 60th St Unit 2817/02 Omaha, NE	3.0	1.0	1188	$1,500	$1.26	3d	1	1.44mi
4623 Douglas St Omaha, NE	3.0	2.0	1510	$1,750	$1.16	22d	1	1.44mi
106 S 36th St Omaha, NE	3.0	3.0	1750	$2,275	$1.30	3d	1	1.47mi
3919 Farnam St Unit 3915 Farnam Omaha, NE	4.0	2.0	1700	$2,350	$1.38	44d	1	1.50mi

Listing history 15 events

1. 2026-05-22
   listed $198,500 New
2. 2026-02-05
   historical
3. 2025-12-29
   status Back On Market
4. 2025-12-15
   status Pending
5. 2025-12-05
   listed $198,500 New
6. 2025-02-25
   soldstatus $140,000
7. 2025-02-06
   historical
8. 2025-02-04
   listed $115,000 New
9. 2020-09-28
   soldstatus $105,000
10. 2020-09-26
    soldstatus $57,000 Sold
11. 2020-09-16
    status Pending
12. 2020-08-12
    listed $65,000 Active - New
13. 2008-12-18
    soldstatus $30,000
14. 2008-12-12
    historical
15. 2008-11-07
    listed $35,000

ⓘ 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: $1,388 · $116/mo
• Projected year-2 tax: $3,434 · $286/mo
• Expected delta: +$2,046/yr (+$171/mo · 147.4%)

ⓘ 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: $22,635
• − Mortgage interest: −$11,119
• − Property taxes: −$1,388
• − Insurance: −$992
• − Repairs & maintenance: −$1,811
• − Management: −$1,811
• − Depreciation: −$5,775
• Taxable loss: −$260
• Est. tax savings @ 24.0%: +$63
• After-tax cash flow: $3,072/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

+467.1% since first listed

15 events — show timeline

• 2026-05-22 Listed $198,500 GPRMLS
• 2026-02-05 Listing Removed — GPRMLS
• 2025-12-29 Relisted — GPRMLS
• 2025-12-15 Pending — GPRMLS
• 2025-12-05 Listed $198,500 GPRMLS
• 2025-02-25 Sold (Public Records) $140,000 Public Records
• 2025-02-06 Listing Removed — GPRMLS
• 2025-02-04 Listed $115,000 GPRMLS
• 2020-09-28 Sold (Public Records) $105,000 Public Records
• 2020-09-26 Sold (MLS) $57,000 GPRMLS
• 2020-09-16 Pending — GPRMLS
• 2020-08-12 Listed $65,000 GPRMLS
• 2008-12-18 Sold (MLS) $30,000 GPRMLS
• 2008-12-12 Listing Removed — GPRMLS
• 2008-11-07 Listed $35,000 GPRMLS

Property tax history

-0.4%/yr

Latest (2025): $1,388 · +2.2% YoY. Source: county tax records.