224 S Market St · Shickley, NE 68436

$150,000

3 bd · 2.0 ba · 2,886 sqft · SingleFamily public records · 24 Days on market

Built 1910 0.48 ac lot $52/sqft · 37% below area Est $137k · 10% over

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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).

• Cash flow +17.3/30.0
• DSCR +5.4/10.0
• Schools +5.1/10.0
• Appreciation +5.0/10.0
• 1% rule +4.0/10.0
• Livability +3.3/5.0
• ARV discount +3.2/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Contract Pending - Accepting backup offers. Corner lot in Shickley with many of the big updates already done: new roof (2023), carport (2024), driveway (2025), updated plumbing and electrical, plus a 10-year transferable bat remediation warranty. This home offers 3 bedrooms, 2 bathrooms, a separate office, and a full basement with partial finish and room to expand. The primary bedroom has its own bathroom, and the upstairs bedroom takes up the entire level. Outside you’ll find a detached 2-car garage, RV-ready carport with 50-amp service, alley access, new siding, and several updated windows. Schedule your showing with your REALTOR®.

Key facts

• Updated electrical
• Corner lot
• New roof

Tags

• CORNER LOT
• NEW ROOF
• UPDATED PLUMBING
• UPDATED ELECTRICAL
• BAT REMEDIATION WARRANTY
• DETACHED GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $111 ($1k/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 $134k (10.4% below list).
• Recommended offer: $134k (10.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 66/100 on livability (#310 in NE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: health & safety C-, amenities F, commute F.
• Shickley Public Schools (rural): math 65% / reading 50% proficiency, ranked #81 of 245 in NE (top 33%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 10% free/reduced lunch — higher-income household profile.
• Zoned schools: Shickley Elementary School (math 64% / reading 54%, grade B-, #111 of 502 statewide, top 26%, 106 students, 20% FRL); Shickley High School (math 54% / reading 44%, grade D, #107 of 261 statewide, top 52%, 58 students, 14% FRL).
• Market conditions: 5 active listings in the ZIP; 10 units permitted in Fillmore County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($1k loan paydown + $4k appreciation (3.0% local appreciation)).
• Fillmore County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y 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.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $134,433 (10.4% below list)

Questions for the listing agent

1. Built in 1910 — 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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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?
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: 7.18%
• Cash-on-cash: 3.18%
• DSCR: 1.14
• GRM: 9.3

CMA / ARV

• ARV (median comp): $136,856
• List price: $150,000
• Delta: 9.60%
• Verdict: FAIR
• Comps: 11 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
408 W Kline St	0.29mi	2/3.0 (-1)	3,050 (+6%)	10mo	$225,000	$74	60

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: 10.5%
• Equity multiple: 1.60×
• Total profit: $25,119
• Equity at exit: $67,446

10-year hold

• IRR: 12.7%
• Equity multiple: 2.89×
• Total profit: $79,476
• Equity at exit: $103,943

Cash invested: $42,000 (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 68436

• Active inventory: 5
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,344 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$102 /mo · $1,221/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$282
• Net cashflow: $111

Break-even live

Break-even rent $1,204

Max offer price $150,000

Occupancy floor 87%

Sensitivity live

Price	-10% $196	-5% $154	+0% $111	+5% $69	+10% $26
Rent	-10% $5	-5% $58	+0% $111	+5% $164	+10% $217
Rate	-1.0pp $187	-0.5pp $149	base $111	+0.5pp $72	+1.0pp $33

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-11
   status Pending 651-char remark

   Show marketing remark (651 chars)

   Contract Pending - Accepting backup offers. Corner lot in Shickley with many of the big updates already done: new roof (2023), carport (2024), driveway (2025), updated plumbing and electrical, plus a 10-year transferable bat remediation warranty. This home offers 3 bedrooms, 2 bathrooms, a separate office, and a full basement with partial finish and room to expand. The primary bedroom has its own bathroom, and the upstairs bedroom takes up the entire level. Outside you’ll find a detached 2-car garage, RV-ready carport with 50-amp service, alley access, new siding, and several updated windows. Schedule your showing with your REALTOR®.

2. 2026-04-09
   listed $150,000 Active 651-char remark

   Show marketing remark (651 chars)

   Contract Pending - Accepting backup offers. Corner lot in Shickley with many of the big updates already done: new roof (2023), carport (2024), driveway (2025), updated plumbing and electrical, plus a 10-year transferable bat remediation warranty. This home offers 3 bedrooms, 2 bathrooms, a separate office, and a full basement with partial finish and room to expand. The primary bedroom has its own bathroom, and the upstairs bedroom takes up the entire level. Outside you’ll find a detached 2-car garage, RV-ready carport with 50-amp service, alley access, new siding, and several updated windows. Schedule your showing with your REALTOR®.

3. 2022-07-13
   soldstatus $135,000 Sold 883-char remark

   Show marketing remark (883 chars)

   Updated!! This 3-bed, 2-bath home has some unique features that will allow you to unpack your boxes and relax! Updated: luxury vinyl, carpet, bathrooms, windows, paint… everywhere including the basement and exterior, and updates in the kitchen too. The shaded front deck welcomes you to the front entry The long living space give you options. Enjoy The windows in the sunroom/dining area that connects directly to kitchen. The primary bedroom is sweet.. oh goodness, a suite! The second bedroom, office and laundry area finish the first floor. Upstairs, it’s a cozy space for a bedroom, play area or hobby space (especially if your hobby include a tv!) The basement is partially finished but clean and tidy! Outside-wow- Lawn. Of. The. Year! A garage, storage shed, lots of cement for entertaining, and a garden space. Come see this affordable home!

4. 2022-06-10
   status Pending 883-char remark

   Show marketing remark (883 chars)

   Updated!! This 3-bed, 2-bath home has some unique features that will allow you to unpack your boxes and relax! Updated: luxury vinyl, carpet, bathrooms, windows, paint… everywhere including the basement and exterior, and updates in the kitchen too. The shaded front deck welcomes you to the front entry The long living space give you options. Enjoy The windows in the sunroom/dining area that connects directly to kitchen. The primary bedroom is sweet.. oh goodness, a suite! The second bedroom, office and laundry area finish the first floor. Upstairs, it’s a cozy space for a bedroom, play area or hobby space (especially if your hobby include a tv!) The basement is partially finished but clean and tidy! Outside-wow- Lawn. Of. The. Year! A garage, storage shed, lots of cement for entertaining, and a garden space. Come see this affordable home!

5. 2022-05-26
   listed $139,000 Active - New 883-char remark

   Show marketing remark (883 chars)

   Updated!! This 3-bed, 2-bath home has some unique features that will allow you to unpack your boxes and relax! Updated: luxury vinyl, carpet, bathrooms, windows, paint… everywhere including the basement and exterior, and updates in the kitchen too. The shaded front deck welcomes you to the front entry The long living space give you options. Enjoy The windows in the sunroom/dining area that connects directly to kitchen. The primary bedroom is sweet.. oh goodness, a suite! The second bedroom, office and laundry area finish the first floor. Upstairs, it’s a cozy space for a bedroom, play area or hobby space (especially if your hobby include a tv!) The basement is partially finished but clean and tidy! Outside-wow- Lawn. Of. The. Year! A garage, storage shed, lots of cement for entertaining, and a garden space. Come see this affordable home!

6. 2008-09-02
   soldstatus $44,000

ⓘ 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: $1,221 · $102/mo
• Projected year-2 tax: $2,595 · $216/mo
• Expected delta: +$1,374/yr (+$115/mo · 112.6%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 66% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 16 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

Taxation est. · year 1

• Rental income: $16,132
• − Mortgage interest: −$8,402
• − Property taxes: −$1,221
• − Insurance: −$750
• − Repairs & maintenance: −$1,291
• − Management: −$1,291
• − Depreciation: −$4,364
• Taxable loss: −$1,186
• Est. tax savings @ 24.0%: +$285
• After-tax cash flow: $1,619/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: Shickley Public Schools
• NCES district ID: 3176650
• Math proficiency: 65% ▲ 10.00%
• Reading proficiency: 50% ▼ -10.00%
• Median HH income: $50,820
• Composite: 50.82/100
• National rank: #3889
• State rank: #81 of 245 in NE

Livability — Shickley

• Score: 66/100
• State rank: #310
• US rank: #11660

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Shickley, NE
• Population (ZIP): 535

Population outlook (Fillmore County) Hauer SSP2

• Today (2025): 5,729 people
• By 2030: 5,696 · -0.6%
• By 2040: 5,561 · -2.9%
• By 2050: 5,412 · -5.5%
• By 2075: 5,437 · -5.1%
• By 2100: 5,373 · -6.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 8% Two or more races 4%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Portuguese 4% Serbian 3% Slovak 2%
• Languages at home: 96% English-only · Spanish 4%

Political lean MEDSL · Fillmore

• 2024 margin: Solid R (+54.9) · D 22.0% · R 76.8% · Other 1.2%
• 2008→2024 swing: -22.6pp toward R · 2008: -32.3pp · 2024: -54.9pp
• All cycles: 2024: R+54.9 2020: R+52.9 2016: R+51.8 2012: R+41.8 2008: R+32.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

+240.9% since first listed

6 events — show timeline

• 2026-05-11 Pending — GPRMLS
• 2026-04-09 Listed $150,000 GPRMLS
• 2022-07-13 Sold (MLS) $135,000 GPRMLS
• 2022-06-10 Pending — GPRMLS
• 2022-05-26 Listed $139,000 GPRMLS
• 2008-09-02 Sold (Public Records) $44,000 Public Records

Property tax history

+3.1%/yr

Latest (2025): $1,221 · +9.5% YoY. Source: county tax records.