219 Short St · Leigh, NE 68643

$1,400

5 bd · 1.0 ba · 1,478 sqft · SingleFamily public records · 16 Days on market

Built 1900 $1/sqft · 99% below area

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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 +15.0/30.0
• ARV discount +7.5/15.0
• Appreciation +7.2/10.0
• Schools +5.3/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Home for rent in Leigh, NE — 3 bedrooms, 2 bathrooms, and a 4-car garage. Spacious layout with comfortable living areas and a large yard. Rent is $1,500 per month with equal deposit and a 1-year lease.

Key facts

• 4 garage spots
• Built 1900
• Listed 16 days

Property features AI

Exterior

• Parking: Attached garage with 4 spaces
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Natural gas available
• Home design: Single family residence; Residential property
• Construction: Frame construction; Vinyl siding; Composition roof
• Exterior features: Deck; Shed(s)

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Bathrooms: One main level bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Eat-in kitchen; Window coverings; Full basement
• Laundry & utility: Gas water heater

🏷️ Possibly a rental listed for sale. The $1,400 price doesn't fit this home's estimated sale value (~$165,560) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $1k.

Deal economics

• At list price, monthly cash flow is $996 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $1k).
• Recommended offer: $1k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 75/100 on livability (#105 in NE, #4,264 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Leigh Community Schools (rural): math 50% / reading 70% proficiency, ranked #54 of 245 in NE (top 22%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 4 active listings in the ZIP; 40 units permitted in Colfax County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $72 of equity ($10 loan paydown + $62 appreciation (4.4% local appreciation)).
• Colfax County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (4.4% appreciation + 3.0% rent growth), your $392 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($1k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $1,379 (1.5% 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. 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. 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: 90.93% ✓
• Cap rate: 860.00%
• Cash-on-cash: 3048.94%
• DSCR: 136.66
• GRM: 0.1

CMA / ARV

• ARV (median comp): $165,560
• List price: $1,400
• Delta: -3.36%
• Verdict: FAIR
• Comps: 4 within 1.0 mi

Projected returns pro-forma

4.42% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 163.58×
• Total profit: $63,731
• Equity at exit: $745

10-year hold

• IRR: —
• Equity multiple: 352.73×
• Total profit: $137,876
• Equity at exit: $1,247

Cash invested: $392 (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 68643

• Home prices YoY: 1.1%
• Active inventory: 4
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $1,273 medium
• Mortgage (P&I): −$7
• Tax est. 1.5%: −$2 /mo · $21/yr
• Insurance: −$1
• HOA: −$0
• Vacancy / Maint / Mgmt: −$267
• Net cashflow: $996

Break-even live

Break-even rent $12

Max offer price $1,400

Occupancy floor 17%

Sensitivity live

Price	-10% $997	-5% $996	+0% $996	+5% $996	+10% $995
Rent	-10% $895	-5% $946	+0% $996	+5% $1,046	+10% $1,097
Rate	-1.0pp $997	-0.5pp $996	base $996	+0.5pp $996	+1.0pp $995

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: $350
• Closing costs: $42
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-21
   days on market $1,400 Active 16 DOM
2. 2026-06-21
   days on market $1,400 Active 15 DOM
3. 2026-06-18
   days on market $1,400 Active 13 DOM
4. 2026-06-17
   days on market $1,400 Active 12 DOM
5. 2026-06-16
   days on market $1,400 Active 11 DOM
6. 2026-06-15
   days on market $1,400 Active 10 DOM
7. 2026-06-13
   days on market $1,400 Active 8 DOM
8. 2026-06-12
   days on market $1,400 Active 7 DOM
9. 2026-06-09
   days on market $1,400 Active 4 DOM
10. 2026-06-08
    days on market $1,400 Active 3 DOM
11. 2026-06-07
    pricedays on marketlisting id $1,400 Active 2 DOM
12. 2026-06-05
    days on market $160,000 Active 353 DOM
13. 2026-06-04
    days on market $160,000 Active 351 DOM
14. 2026-06-02
    days on market $160,000 Active 350 DOM
15. 2026-06-01
    days on market $160,000 Active 349 DOM
16. 2026-05-31
    days on market $160,000 Active 348 DOM
17. 2025-11-24
    soldstatus $1,400 Closed 207-char remark

    Show marketing remark (207 chars)

    Home for rent in Leigh, NE — 3 bedrooms, 2 bathrooms, and a 4-car garage. Spacious layout with comfortable living areas and a large yard. Rent is $1,500 per month with equal deposit and a 1-year lease.

18. 2025-10-24
    listed $1,500 Active 207-char remark

    Show marketing remark (207 chars)

    Home for rent in Leigh, NE — 3 bedrooms, 2 bathrooms, and a 4-car garage. Spacious layout with comfortable living areas and a large yard. Rent is $1,500 per month with equal deposit and a 1-year lease.

19. 2025-09-11
    price $160,000 1174-char remark

    Show marketing remark (1174 chars)

    Welcome to this unique and spacious 1.5 story home nestled on a generous lot in the heart of Leigh! This 3-bedroom, 2-bath gem offers the perfect blend of small-town comfort and versatile living space. Step inside to find a warm and inviting layout with plenty of natural light throughout. The home features a large kitchen and dining area, ideal for hosting family and friends. The oversized yard provides endless possibilities for outdoor enjoyment, gardening, or even entertaining. You'll love the convenience of the attached 2-car garage plus an additional 2-car detached garage—perfect for extra storage, hobbies, or a workshop. One of the standout features of this property is the on-site diner, a charming separate space that could easily be converted into a guest house, rental unit, or creative studio. Whether you're looking for multi-generational living or a unique income opportunity, this home has it all. Don't miss your chance to own a property with room to grow and a touch of character you won’t find anywhere else. Schedule your showing today! Home is currently leased until November 30th 2026 for $1,400 a month 24hr notice for showings please

20. 2025-06-17
    listed $179,000 Active 1174-char remark

    Show marketing remark (1174 chars)

    Welcome to this unique and spacious 1.5 story home nestled on a generous lot in the heart of Leigh! This 3-bedroom, 2-bath gem offers the perfect blend of small-town comfort and versatile living space. Step inside to find a warm and inviting layout with plenty of natural light throughout. The home features a large kitchen and dining area, ideal for hosting family and friends. The oversized yard provides endless possibilities for outdoor enjoyment, gardening, or even entertaining. You'll love the convenience of the attached 2-car garage plus an additional 2-car detached garage—perfect for extra storage, hobbies, or a workshop. One of the standout features of this property is the on-site diner, a charming separate space that could easily be converted into a guest house, rental unit, or creative studio. Whether you're looking for multi-generational living or a unique income opportunity, this home has it all. Don't miss your chance to own a property with room to grow and a touch of character you won’t find anywhere else. Schedule your showing today! Home is currently leased until November 30th 2026 for $1,400 a month 24hr notice for showings please

21. 2025-02-10
    soldstatus $1,500 Closed
22. 2025-01-14
    listed $1,500 Active
23. 2007-12-28
    soldstatus $56,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°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: $15,276
• − Mortgage interest: −$78
• − Property taxes: −$21
• − Insurance: −$7
• − Repairs & maintenance: −$1,222
• − Management: −$1,222
• − Depreciation: −$41
• Taxable income: $12,685
• Est. tax owed @ 24.0%: −$3,044
• After-tax cash flow: $8,908/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: Leigh Community Schools
• NCES district ID: 3172720
• Math proficiency: 50% ▼ -15.00%
• Reading proficiency: 70% ▲ 5.00%
• Median HH income: $55,655
• Composite: 53.19/100
• National rank: #3203
• State rank: #54 of 245 in NE

Livability — Leigh

• Score: 75/100
• State rank: #105
• US rank: #4264

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Leigh, NE
• Population (ZIP): 1,055

Population outlook (Colfax County) Hauer SSP2

• Today (2025): 10,949 people
• By 2030: 11,199 · +2.3%
• By 2040: 11,857 · +8.3%
• By 2050: 12,758 · +16.5%
• By 2075: 15,468 · +41.3%
• By 2100: 18,207 · +66.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 4% Two or more races 2%
• Common ancestry: Romanian 4% Lithuanian 1% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 2% Russian/Polish/Slavic 1%

Political lean MEDSL · Colfax

• 2024 margin: Solid R (+50.9) · D 24.0% · R 75.0% · Other 1.0%
• 2008→2024 swing: -23.1pp toward R · 2008: -27.9pp · 2024: -50.9pp
• All cycles: 2024: R+50.9 2020: R+43.2 2016: R+41.4 2012: R+35.6 2008: R+27.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.42%
• Current HPI: 393.0991
• 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

-97.5% since first listed

8 events — show timeline

• 2026-06-04 Listed $1,400 NNEMLS
• 2025-11-24 Sold (MLS) $1,400 NNEMLS
• 2025-10-24 Listed $1,500 NNEMLS
• 2025-09-11 Price Changed $160,000 NNEMLS
• 2025-06-17 Listed $179,000 NNEMLS
• 2025-02-10 Sold (MLS) $1,500 NNEMLS
• 2025-01-14 Listed $1,500 NNEMLS
• 2007-12-28 Sold (Public Records) $56,000 Public Records

Property tax history

+2.7%/yr

Latest (2025): $1,300 · -1.9% YoY. Source: county tax records.