508 E 3rd St · Kimball, NE 69145

$99,000

4 bd · 1.0 ba · 1,466 sqft · SingleFamily public records · 122 Days on market

Built 1916 $68/sqft · 53% below area Est $148k · 33% under ↓ 8% since listing

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Why this score? — see what drove the B 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 +27.3/30.0
• ARV discount +15.0/15.0
• DSCR +9.5/10.0
• 1% rule +7.4/10.0
• Schools +3.7/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• Garage
• Built 1916
• Listed 121 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $285 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Recommended offer: $87k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 74/100 on livability (#120 in NE, #4,631 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: schools D, amenities F, commute F.
• Kimball Public Schools (rural): math 39% / reading 43% proficiency, ranked #205 of 245 in NE (top 84%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 35 active listings in the ZIP; 12 units permitted in Kimball County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Kimball County population projected to shrink 9% 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 $28k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 122 days — a 12% lower offer ($87k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1916 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $87,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 122 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 1916 — 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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.24% ✓
• Cap rate: 9.75%
• Cash-on-cash: 12.35%
• DSCR: 1.55
• GRM: 6.7

CMA / ARV

• ARV (median comp): $147,763
• List price: $99,000
• Delta: -33.00%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
620 S Jefferson St	0.60mi	4/2.0	1,465 (-0%)	1mo	$150,000	$102	66
415 S Nadine St	0.16mi	4/2.0	1,652 (+13%)	3mo	$285,000	$173	65
706 S Howard St	0.61mi	4/2.0	1,424 (-3%)	10mo	$190,000	$133	54
801 S Walnut St	0.47mi	3/1.0 (-1)	1,588 (+8%)	7mo	$167,500	$105	53
611 S Cedar St	0.72mi	4/3.0	1,424 (-3%)	7mo	$275,000	$193	48
3 Rodman Ct	0.47mi	4/2.0	1,272 (-13%)	6mo	$145,000	$114	47
500 S Webster St	0.44mi	5/2.0 (+1)	1,276 (-13%)	3mo	$282,000	$221	46
713 S Maple St	0.57mi	4/2.0	1,282 (-13%)	3mo	$187,000	$146	46
311 S Walnut St	0.23mi	5/3.0 (+1)	1,668 (+14%)	9mo	$37,500	$22	45
507 S Cedar St	0.69mi	3/3.0 (-1)	1,482 (+1%)	11mo	$105,000	$71	44
412 S Webster St	0.43mi	4/3.0	1,302 (-11%)	11mo	$155,000	$119	44
405 S Cedar St	0.66mi	3/3.0 (-1)	1,368 (-7%)	8mo	$250,000	$183	38

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: 2.0%
• Equity multiple: 1.08×
• Total profit: $2,151
• Equity at exit: $14,761

10-year hold

• IRR: 11.6%
• Equity multiple: 1.91×
• Total profit: $25,351
• Equity at exit: $8,560

Cash invested: $27,720 (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 69145

• Home prices YoY: -34.5%
• Active inventory: 35
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,227 medium
• Mortgage (P&I): −$519
• Tax est. 1.5%: −$124 /mo · $1,485/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $285

Break-even live

Break-even rent $866

Max offer price $99,000

Occupancy floor 72%

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $99,000 Active 122 DOM
2. 2026-06-17
   days on market $99,000 Active 121 DOM
3. 2026-06-16
   days on market $99,000 Active 120 DOM
4. 2026-06-15
   days on market $99,000 Active 119 DOM
5. 2026-06-13
   days on market $99,000 Active 117 DOM
6. 2026-06-12
   days on market $99,000 Active 116 DOM
7. 2026-06-09
   days on market $99,000 Active 113 DOM
8. 2026-06-08
   days on market $99,000 Active 112 DOM
9. 2026-06-07
   days on market $99,000 Active 111 DOM
10. 2026-06-05
    days on market $99,000 Active 109 DOM
11. 2026-06-04
    days on market $99,000 Active 107 DOM
12. 2026-06-02
    days on market $99,000 Active 106 DOM
13. 2026-06-01
    days on market $99,000 Active 105 DOM
14. 2026-05-31
    days on market $99,000 Active 104 DOM
15. 2026-03-29
    price $99,000
16. 2026-02-17
    listed $108,000 Active

ⓘ 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 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥93°F today · 17 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: $14,727
• − Mortgage interest: −$5,546
• − Property taxes: −$1,485
• − Insurance: −$495
• − Repairs & maintenance: −$1,178
• − Management: −$1,178
• − Depreciation: −$2,880
• Taxable income: $1,965
• Est. tax owed @ 24.0%: −$472
• After-tax cash flow: $2,953/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: Kimball Public Schools
• NCES district ID: 3172570
• Math proficiency: 39% ▬ 0.00%
• Reading proficiency: 43% ▲ 4.00%
• Median HH income: $42,641
• Composite: 37.0/100
• National rank: #9092
• State rank: #205 of 245 in NE

Livability — Kimball

• Score: 74/100
• State rank: #120
• US rank: #4631

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kimball, NE
• Population (ZIP): 2,583

Population outlook (Kimball County) Hauer SSP2

• Today (2025): 3,547 people
• By 2030: 3,450 · -2.7%
• By 2040: 3,302 · -6.9%
• By 2050: 3,226 · -9.0%
• By 2075: 3,329 · -6.1%
• By 2100: 3,425 · -3.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 10% Two or more races 9% Native American 2% Black 2%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Serbian 4% Italian 2% Portuguese 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2%

Political lean MEDSL · Kimball

• 2024 margin: Solid R (+67.0) · D 15.8% · R 82.8% · Other 1.4%
• 2008→2024 swing: -16.9pp toward R · 2008: -50.1pp · 2024: -67.0pp
• All cycles: 2024: R+67.0 2020: R+69.0 2016: R+66.6 2012: R+49.9 2008: R+50.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -100.10%
• Current HPI: 190.3732
• 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

-8.3% since first listed

2 events — show timeline

• 2026-03-29 Price Changed $99,000 WNBOR
• 2026-02-17 Listed $108,000 WNBOR