1057 Center Ave · Mitchell, NE 69357

$125,000

3 bd · 1.0 ba · 949 sqft · SingleFamily public records · 3 Days on market

Built 1914 0.48 ac lot Est $117k · 7% 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 +13.3/30.0
• Schools +4.7/10.0
• ARV discount +4.3/15.0
• DSCR +4.0/10.0
• Livability +3.8/5.0
• 1% rule +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• 0.48 acre lot
• Garage
• Built 1914

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $0 ($2/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 $101k (19.3% below list).
• Recommended offer: $101k (19.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 76/100 on livability (#93 in NE, #3,761 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, amenities F, commute F.
• Mitchell Public Schools (rural): math 52% / reading 60% proficiency, ranked #36 of 111 in NE (top 32%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Mitchell Elementary School (math 47% / reading 57%, grade C-, #200 of 502 statewide, top 46%, 352 students, 53% FRL); Mitchell Secondary School (math 57% / reading 62%, grade C+, #49 of 261 statewide, top 26%, 268 students, 45% FRL).
• Market conditions: 24 active listings in the ZIP; 33 units permitted in Scotts Bluff County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Scotts Bluff County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 10y 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 $102k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1914 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $100,882 (19.3% below list)

Questions for the listing agent

1. Built in 1914 — 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: 0.81% ✗
• Cap rate: 6.29%
• Cash-on-cash: 0.01%
• DSCR: 1.00
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $116,727
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1057 Center Ave	0.00mi	3/1.0	1,056 (+11%)	1mo	$130,000	$123	80
1439 18th Ave	0.39mi	3/1.0	1,000 (+5%)	8mo	$105,000	$105	66
1333 13th Ave	0.30mi	2/1.0 (-1)	924 (-3%)	19mo	$112,000	$121	61
1409 18th Ave	0.35mi	3/2.0	988 (+4%)	15mo	$164,000	$166	60
1403 14th St	0.29mi	2/1.0 (-1)	840 (-12%)	11mo	$130,000	$155	53
1538 17th St	0.51mi	2/1.0 (-1)	846 (-11%)	2mo	$110,000	$130	52
1415 14th Ave	0.31mi	2/1.0 (-1)	832 (-12%)	15mo	$102,000	$123	47
1208 12th Ave	0.24mi	4/2.0 (+1)	864 (-9%)	24mo	$162,500	$188	45
1615 Broadway St	0.42mi	4/2.0 (+1)	864 (-9%)	24mo	$82,500	$95	37

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: -16.3%
• Equity multiple: 0.42×
• Total profit: $-20,270
• Equity at exit: $18,638

10-year hold

• IRR: -8.1%
• Equity multiple: 0.49×
• Total profit: $-17,741
• Equity at exit: $10,808

Cash invested: $35,000 (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 69357

• Home prices YoY: -4.5%
• Active inventory: 24
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,009 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$89 /mo · $1,070/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$212
• Net cashflow: $0

Break-even live

Break-even rent $1,009

Max offer price $125,000

Occupancy floor 95%

Sensitivity live

Price	-10% $71	-5% $36	+0% $0	+5% $-35	+10% $-71
Rent	-10% $-80	-5% $-40	+0% $0	+5% $40	+10% $80
Rate	-1.0pp $63	-0.5pp $32	base $0	+0.5pp $-32	+1.0pp $-65

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-04-23
   status Pending
2. 2026-04-20
   listed $125,000 Active
3. 2022-03-02
   soldstatus $102,000
4. 2022-03-02
   soldstatus $102,000
5. 2022-01-17
   listed $102,000
6. 2016-10-31
   soldstatus $50,000
7. 2016-10-31
   soldstatus $50,000
8. 2016-08-22
   listed $52,000
9. 2007-05-24
   soldstatus $39,000
10. 2005-12-19
    soldstatus $37,000
11. 2002-11-08
    soldstatus $37,631
12. 1998-12-30
    soldstatus $33,000

ⓘ 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: $1,070 · $89/mo
• Projected year-2 tax: $2,162 · $180/mo
• Expected delta: +$1,092/yr (+$91/mo · 102.1%)

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

Climate risk First Street

• 🌊 Flood 2/10 Low FEMA zone X · 9% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥94°F today · 19 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: $12,106
• − Mortgage interest: −$7,002
• − Property taxes: −$1,070
• − Insurance: −$625
• − Repairs & maintenance: −$968
• − Management: −$968
• − Depreciation: −$3,636
• Taxable loss: −$2,165
• Est. tax savings @ 24.0%: +$520
• After-tax cash flow: $522/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: Mitchell Public Schools
• NCES district ID: 3173890
• Math proficiency: 52% ▼ -12.00%
• Reading proficiency: 60% ▼ -5.00%
• Median HH income: $45,186
• Composite: 47.28/100
• National rank: #2306
• State rank: #36 of 111 in NE

Livability — Mitchell

• Score: 76/100
• State rank: #93
• US rank: #3761

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mitchell, NE
• Population (ZIP): 3,563

Population outlook (Scotts Bluff County) Hauer SSP2

• Today (2025): 35,740 people
• By 2030: 35,229 · -1.4%
• By 2040: 34,160 · -4.4%
• By 2050: 33,656 · -5.8%
• By 2075: 35,257 · -1.4%
• By 2100: 39,158 · +9.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 18% Two or more races 12%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: Portuguese 6% Iranian 3% Scotch-Irish 2%
• Foreign-born: 5% · Canada
• Languages at home: 90% English-only · Spanish 9% German/W. Germanic 1%

Political lean MEDSL · Scotts Bluff

• 2024 margin: Solid R (+47.7) · D 25.6% · R 73.4% · Other 1.0%
• 2008→2024 swing: -14.0pp toward R · 2008: -33.7pp · 2024: -47.7pp
• All cycles: 2024: R+47.7 2020: R+43.5 2016: R+48.9 2012: R+37.7 2008: R+33.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -11.91%
• Current HPI: 250.473
• 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

+278.8% since first listed

12 events — show timeline

• 2026-04-23 Pending — WNBOR
• 2026-04-20 Listed $125,000 WNBOR
• 2022-03-02 Sold (Public Records) $102,000 Public Records
• 2022-03-02 Sold (MLS) $102,000 WNBOR
• 2022-01-17 Listed $102,000 WNBOR
• 2016-10-31 Sold (Public Records) $50,000 Public Records
• 2016-10-31 Sold (MLS) $50,000 WNBOR
• 2016-08-22 Listed $52,000 WNBOR
• 2007-05-24 Sold (Public Records) $39,000 Public Records
• 2005-12-19 Sold (Public Records) $37,000 Public Records
• 2002-11-08 Sold (Public Records) $37,631 Public Records
• 1998-12-30 Sold (Public Records) $33,000 Public Records

Property tax history

+2.3%/yr

Latest (2025): $1,070 · -6.8% YoY. Source: county tax records.