115 S Pine St · Polk, NE 68654

$129,500

3 bd · 2.0 ba · 1,652 sqft · SingleFamily public records · 271 Days on market

Built 1926 0.32 ac lot $78/sqft · 12% above area Est $166k · 22% under

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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 +19.1/30.0
• ARV discount +15.0/15.0
• DSCR +6.0/10.0
• Appreciation +5.6/10.0
• 1% rule +4.4/10.0
• Schools +4.1/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

If you love the nostalgia of older homes and small town living, this is it! There is so much character here. From beautiful woodwork, to built-in cabinetry, and adorable entry areas. This home has it all! It's located on a large lot with established trees and a shady patio area. You will appreciate the functionality of the 2 plus car garage. The home is situated in the heart of the small town of Polk, across the street from the city park. You must see this one! BUYER AGENTS WELCOME!

Key facts

• Built-in cabinetry
• City park
• Shady patio area

Tags

• BUILT-IN CABINETRY
• SHADY PATIO AREA
• LARGE LOT
• ESTABLISHED TREES
• CITY PARK

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $138 ($2k/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 $121k (6.3% below list).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#317 in NE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B; Watch: crime C-, health & safety C-, employment D+.
• High Plains Community Schools (rural): math 40% / reading 50% proficiency, ranked #180 of 245 in NE (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 1 active listings in the ZIP; 14 units permitted in Polk County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($895 loan paydown + $2k appreciation (1.2% local appreciation)).
• At projected returns (1.2% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 271 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $28k; list at $130k implies a 362% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $113,960 (12.0% below list)

Questions for the listing agent

1. It's been on market 271 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 1926 — 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. 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?
6. 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.
7. 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.
8. 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: 0.94% ✗
• Cap rate: 7.57%
• Cash-on-cash: 4.56%
• DSCR: 1.20
• GRM: 8.9

CMA / ARV

• ARV (median comp): $166,452
• List price: $129,500
• Delta: -22.20%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
170 S Oak St	0.21mi	2/1.0 (-1)	1,614 (-2%)	10mo	$145,000	$90	68
250 N Walnut St	0.36mi	2/1.0 (-1)	1,664 (+1%)	10mo	$50,000	$30	64
865 Leonard Ave	0.41mi	4/2.0 (+1)	1,724 (+4%)	9mo	$165,000	$96	61
610 Park St	0.21mi	3/1.0	1,743 (+6%)	23mo	$160,000	$92	57

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.18% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 6.6%
• Equity multiple: 1.34×
• Total profit: $12,321
• Equity at exit: $45,429

10-year hold

• IRR: 10.6%
• Equity multiple: 2.31×
• Total profit: $47,664
• Equity at exit: $61,326

Cash invested: $36,260 (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 68654

• Home prices YoY: 0.6%
• Active inventory: 1
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,213 medium
• Mortgage (P&I): −$679
• Tax from tax record: −$87 /mo · $1,047/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $138

Break-even live

Break-even rent $1,038

Max offer price $129,500

Occupancy floor 84%

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: $32,375
• Closing costs: $3,885
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $129,500 Active 271 DOM
2. 2026-06-17
   days on market $129,500 Active 270 DOM
3. 2026-06-16
   days on market $129,500 Active 269 DOM
4. 2026-06-15
   days on market $129,500 Active 268 DOM
5. 2026-06-13
   days on market $129,500 Active 266 DOM
6. 2026-06-12
   days on market $129,500 Active 265 DOM
7. 2026-06-09
   days on market $129,500 Active 262 DOM
8. 2026-06-08
   days on market $129,500 Active 261 DOM
9. 2026-06-07
   days on market $129,500 Active 260 DOM
10. 2026-06-05
    days on market $129,500 Active 258 DOM
11. 2026-06-04
    days on market $129,500 Active 256 DOM
12. 2026-06-02
    days on market $129,500 Active 255 DOM
13. 2026-06-01
    days on market $129,500 Active 254 DOM
14. 2026-05-31
    days on market $129,500 Active 253 DOM
15. 2026-03-21
    status Active 488-char remark

    Show marketing remark (488 chars)

    If you love the nostalgia of older homes and small town living, this is it! There is so much character here. From beautiful woodwork, to built-in cabinetry, and adorable entry areas. This home has it all! It's located on a large lot with established trees and a shady patio area. You will appreciate the functionality of the 2 plus car garage. The home is situated in the heart of the small town of Polk, across the street from the city park. You must see this one! BUYER AGENTS WELCOME!

16. 2026-01-23
    historical 488-char remark

    Show marketing remark (488 chars)

    If you love the nostalgia of older homes and small town living, this is it! There is so much character here. From beautiful woodwork, to built-in cabinetry, and adorable entry areas. This home has it all! It's located on a large lot with established trees and a shady patio area. You will appreciate the functionality of the 2 plus car garage. The home is situated in the heart of the small town of Polk, across the street from the city park. You must see this one! BUYER AGENTS WELCOME!

17. 2025-09-18
    price $129,500 488-char remark

    Show marketing remark (488 chars)

    If you love the nostalgia of older homes and small town living, this is it! There is so much character here. From beautiful woodwork, to built-in cabinetry, and adorable entry areas. This home has it all! It's located on a large lot with established trees and a shady patio area. You will appreciate the functionality of the 2 plus car garage. The home is situated in the heart of the small town of Polk, across the street from the city park. You must see this one! BUYER AGENTS WELCOME!

18. 2025-07-22
    listed $140,000 Active 488-char remark

    Show marketing remark (488 chars)

    If you love the nostalgia of older homes and small town living, this is it! There is so much character here. From beautiful woodwork, to built-in cabinetry, and adorable entry areas. This home has it all! It's located on a large lot with established trees and a shady patio area. You will appreciate the functionality of the 2 plus car garage. The home is situated in the heart of the small town of Polk, across the street from the city park. You must see this one! BUYER AGENTS WELCOME!

19. 1997-07-02
    soldstatus $28,000

ⓘ 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: $1,047 · $87/mo
• Projected year-2 tax: $2,240 · $187/mo
• Expected delta: +$1,194/yr (+$99/mo · 114.0%)

ⓘ 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 ≥103°F today · 16 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: $14,554
• − Mortgage interest: −$7,254
• − Property taxes: −$1,047
• − Insurance: −$648
• − Repairs & maintenance: −$1,164
• − Management: −$1,164
• − Depreciation: −$3,767
• Taxable loss: −$490
• Est. tax savings @ 24.0%: +$118
• After-tax cash flow: $1,772/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: High Plains Community Schools
• NCES district ID: 3100123
• Math proficiency: 40% ▼ -5.00%
• Reading proficiency: 50% ▬ 0.00%
• Median HH income: $49,274
• Composite: 40.77/100
• National rank: #7573
• State rank: #180 of 245 in NE

Livability — Polk

• Score: 66/100
• State rank: #317
• US rank: #11794

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Polk, NE
• Population (ZIP): 528

Population outlook (Polk County) Hauer SSP2

• Today (2025): 5,114 people
• By 2030: 5,091 · -0.4%
• By 2040: 5,081 · -0.6%
• By 2050: 5,142 · +0.5%
• By 2075: 5,836 · +14.1%
• By 2100: 6,569 · +28.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 9% Two or more races 2%
• Hispanic origin (detail): Mexican 6% Cuban 2%
• Common ancestry: Romanian 5% Lithuanian 3% Italian 2%
• Foreign-born: 4% · Canada, Jamaica
• Languages at home: 91% English-only · Spanish 8% German/W. Germanic 1%

Political lean MEDSL · Polk

• 2024 margin: Solid R (+63.7) · D 17.8% · R 81.5%
• 2008→2024 swing: -18.3pp toward R · 2008: -45.4pp · 2024: -63.7pp
• All cycles: 2024: R+63.7 2020: R+61.0 2016: R+63.4 2012: R+55.6 2008: R+45.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.18%
• Current HPI: 192.1873
• 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

+362.5% since first listed

5 events — show timeline

• 2026-03-21 Relisted — GIBOR
• 2026-01-23 Delisted — GIBOR
• 2025-09-18 Price Changed $129,500 GIBOR
• 2025-07-22 Listed $140,000 GIBOR
• 1997-07-02 Sold (Public Records) $28,000 Public Records

Property tax history

+8.3%/yr

Latest (2025): $1,047 · +9.4% YoY. Source: county tax records.