18621 Ogden St · Omaha, NE 68022

$354,990

4 bd · 3.0 ba · 1,994 sqft · Other · 97 Days on market

Built 2026 8,276 sqft lot $178/sqft · 10% below area Est $392k · 10% under $8/mo HOA ↓ 56% since listing

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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 +15.9/30.0
• ARV discount +11.8/15.0
• Schools +6.9/10.0
• DSCR +4.9/10.0
• Livability +4.2/5.0
• Rent growth +3.6/5.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step inside 18621 Ogden St in Elkhorn, NE. This modernized split-level home offers 4 bedrooms, 3 bathrooms, and 1,994 sq. ft. of finished living space, designed for both ample comfort and upscale entertaining. The open-concept main level features a bright, open layout with the kitchen showcasing white cabinetry, stainless steel appliances, a large island, and seamless flow to the dining and great room. The great room includes a cozy electric fireplace for nights in, and large windows for abundant natural light. Down the hallway of the main level you'll find two secondary bedrooms that share a full bath, while the primary suite and en-suite at the back end of the hallway offers a private dual-sink vanity, walk-in shower, and spacious walk-in closet. The home's lower level provides a large rec room, a fourth bedroom designed for optional flex use such as office, playroom, game room, etc. , a third full bath, a laundry room, and access to the home's 2 car garage. Step into your new home at Enclave Flats in Elkhorn today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

Key facts

• Natural light
• Open layout
• Split-level home

Tags

• SPLIT-LEVEL HOME
• OPEN LAYOUT
• GREAT ROOM
• ELECTRIC FIREPLACE
• NATURAL LIGHT
• WHITE CABINETRY

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath other listed at $355k.

Deal economics

• At list price, monthly cash flow is $170 ($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 $285k (19.6% below list).
• Recommended offer: $285k (19.6% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 3.6% in Omaha — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 84/100 on livability (#7 in NE, #663 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F.
• Elkhorn Public Schools (urban): math 77% / reading 76% proficiency, ranked #1 of 111 in NE (top 1%) — strong family-tenant draw, lease renewals of 3-5y typical; only 5% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising fast (+4.2%/yr); 793 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 4,539 units permitted in Douglas County in 2024 (2,583 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Douglas County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 97 days — a 9% lower offer ($323k) is reasonable based on typical stale-listing flexibility.
• 2 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.

Recommended offer $285,419 (19.6% below list)

Questions for the listing agent

1. It's been on market 97 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.80% ✗
• Cap rate: 6.87%
• Cash-on-cash: 2.05%
• DSCR: 1.09
• GRM: 10.4

CMA / ARV

• ARV (median comp): $392,273
• List price: $354,990
• Delta: -9.50%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.25% rent growth · sell at horizon

5-year hold

• IRR: -11.9%
• Equity multiple: 0.56×
• Total profit: $-43,238
• Equity at exit: $52,930

10-year hold

• IRR: -1.3%
• Equity multiple: 0.91×
• Total profit: $-9,147
• Equity at exit: $30,693

Cash invested: $99,397 (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 68022

• Home prices YoY: -33.9%
• Rents YoY: 4.2%
• Active inventory: 793
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,854 medium
• Mortgage (P&I): −$1,862
• Tax from tax record: −$67 /mo · $806/yr
• Insurance: −$148
• HOA: −$8
• Vacancy / Maint / Mgmt: −$599
• Net cashflow: $170

Break-even live

Break-even rent $2,639

Max offer price $354,990

Occupancy floor 89%

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: $88,748
• Closing costs: $10,650
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5410 N 186th St Elkhorn, NE	5.0	3.0	2483	$3,095	$1.25	21d	1	0.04mi
19111 Grand Ave Elkhorn, NE	4.0–5.0	2.0–3.5	1882	$2,424	$1.29	2d	1	0.41mi
17214 Meredith Ave Unit LO Omaha, NE	4.0	3.0	2605	$3,100	$1.19	2d	1	1.30mi

HOA detail

• Monthly dues: $8 · $96/yr
• Likely covers: electric

Listing history 20 events

1. 2026-06-18
   days on market $354,990 Active 97 DOM
2. 2026-06-17
   days on market $354,990 Active 96 DOM
3. 2026-06-16
   days on market $354,990 Active 95 DOM
4. 2026-06-15
   days on market $354,990 Active 94 DOM
5. 2026-06-13
   days on market $354,990 Active 92 DOM
6. 2026-06-10
   days on market $354,990 Active 89 DOM
7. 2026-06-09
   days on market $354,990 Active 88 DOM
8. 2026-06-08
   days on market $354,990 Active 87 DOM
9. 2026-06-07
   days on market $354,990 Active 86 DOM
10. 2026-06-03
    days on market $354,990 Active 82 DOM
11. 2026-06-03
    days on market $354,990 Active 81 DOM
12. 2026-06-01
    days on market $354,990 Active 80 DOM
13. 2026-05-31
    days on market $354,990 Active 79 DOM
14. 2026-05-01
    price $354,990 1216-char remark

    Show marketing remark (1216 chars)

    Step inside 18621 Ogden St in Elkhorn, NE. This modernized split-level home offers 4 bedrooms, 3 bathrooms, and 1,994 sq. ft. of finished living space, designed for both ample comfort and upscale entertaining. The open-concept main level features a bright, open layout with the kitchen showcasing white cabinetry, stainless steel appliances, a large island, and seamless flow to the dining and great room. The great room includes a cozy electric fireplace for nights in, and large windows for abundant natural light. Down the hallway of the main level you'll find two secondary bedrooms that share a full bath, while the primary suite and en-suite at the back end of the hallway offers a private dual-sink vanity, walk-in shower, and spacious walk-in closet. The home's lower level provides a large rec room, a fourth bedroom designed for optional flex use such as office, playroom, game room, etc. , a third full bath, a laundry room, and access to the home's 2 car garage. Step into your new home at Enclave Flats in Elkhorn today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

15. 2026-04-30
    price $354,990 946-char remark

    Show marketing remark (946 chars)

    Welcome to the Fremont in Enclave Flats - a split-level home offering 1,994 sq. ft. of finished living space with 4 bedrooms and 3 bathrooms. Perfect for comfort and entertaining, the main level features an open layout with a great room warmed by a cozy electric fireplace and filled with natural light from large windows. The kitchen is both stylish and functional, showcasing white cabinetry, stainless steel appliances, and a large island that connects seamlessly to the dining area. Down the hall are two spacious secondary bedrooms and a full bath. The private primary suite at the rear of the home includes a dual-sink vanity, walk-in shower, and large walk-in closet. The finished basement expands your living space with a generous rec room, fourth bedroom, third full bath, laundry room, and access to a (2-3) car garage. Contact us today to schedule a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

16. 2026-04-10
    price $363,990 1216-char remark

    Show marketing remark (1216 chars)

    Step inside 18621 Ogden St in Elkhorn, NE. This modernized split-level home offers 4 bedrooms, 3 bathrooms, and 1,994 sq. ft. of finished living space, designed for both ample comfort and upscale entertaining. The open-concept main level features a bright, open layout with the kitchen showcasing white cabinetry, stainless steel appliances, a large island, and seamless flow to the dining and great room. The great room includes a cozy electric fireplace for nights in, and large windows for abundant natural light. Down the hallway of the main level you'll find two secondary bedrooms that share a full bath, while the primary suite and en-suite at the back end of the hallway offers a private dual-sink vanity, walk-in shower, and spacious walk-in closet. The home's lower level provides a large rec room, a fourth bedroom designed for optional flex use such as office, playroom, game room, etc. , a third full bath, a laundry room, and access to the home's 2 car garage. Step into your new home at Enclave Flats in Elkhorn today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

17. 2026-04-07
    price $360,990 1216-char remark

    Show marketing remark (1216 chars)

    Step inside 18621 Ogden St in Elkhorn, NE. This modernized split-level home offers 4 bedrooms, 3 bathrooms, and 1,994 sq. ft. of finished living space, designed for both ample comfort and upscale entertaining. The open-concept main level features a bright, open layout with the kitchen showcasing white cabinetry, stainless steel appliances, a large island, and seamless flow to the dining and great room. The great room includes a cozy electric fireplace for nights in, and large windows for abundant natural light. Down the hallway of the main level you'll find two secondary bedrooms that share a full bath, while the primary suite and en-suite at the back end of the hallway offers a private dual-sink vanity, walk-in shower, and spacious walk-in closet. The home's lower level provides a large rec room, a fourth bedroom designed for optional flex use such as office, playroom, game room, etc. , a third full bath, a laundry room, and access to the home's 2 car garage. Step into your new home at Enclave Flats in Elkhorn today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

18. 2026-03-13
    listed $357,990 Active 1216-char remark

    Show marketing remark (946 chars)

    Welcome to the Fremont in Enclave Flats - a split-level home offering 1,994 sq. ft. of finished living space with 4 bedrooms and 3 bathrooms. Perfect for comfort and entertaining, the main level features an open layout with a great room warmed by a cozy electric fireplace and filled with natural light from large windows. The kitchen is both stylish and functional, showcasing white cabinetry, stainless steel appliances, and a large island that connects seamlessly to the dining area. Down the hall are two spacious secondary bedrooms and a full bath. The private primary suite at the rear of the home includes a dual-sink vanity, walk-in shower, and large walk-in closet. The finished basement expands your living space with a generous rec room, fourth bedroom, third full bath, laundry room, and access to a (2-3) car garage. Contact us today to schedule a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

19. 2026-03-13
    listed $357,990 New 946-char remark

    Show marketing remark (946 chars)

    Welcome to the Fremont in Enclave Flats - a split-level home offering 1,994 sq. ft. of finished living space with 4 bedrooms and 3 bathrooms. Perfect for comfort and entertaining, the main level features an open layout with a great room warmed by a cozy electric fireplace and filled with natural light from large windows. The kitchen is both stylish and functional, showcasing white cabinetry, stainless steel appliances, and a large island that connects seamlessly to the dining area. Down the hall are two spacious secondary bedrooms and a full bath. The private primary suite at the rear of the home includes a dual-sink vanity, walk-in shower, and large walk-in closet. The finished basement expands your living space with a generous rec room, fourth bedroom, third full bath, laundry room, and access to a (2-3) car garage. Contact us today to schedule a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

20. 2026-01-29
    soldstatus $805,298

ⓘ 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: $806 · $67/mo
• Projected year-2 tax: $6,141 · $512/mo
• Expected delta: +$5,335/yr (+$445/mo · 661.8%)

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

Taxation est. · year 1

• Rental income: $34,250
• − Mortgage interest: −$19,885
• − Property taxes: −$806
• − Insurance: −$1,775
• − Repairs & maintenance: −$2,740
• − Management: −$2,740
• − HOA: −$96
• − Depreciation: −$10,327
• Taxable loss: −$4,119
• Est. tax savings @ 24.0%: +$989
• After-tax cash flow: $3,030/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: Elkhorn Public Schools
• NCES district ID: 3170110
• Math proficiency: 77% ▼ -7.00%
• Reading proficiency: 76% ▼ -6.00%
• Median HH income: $96,478
• Composite: 69.21/100
• National rank: #318
• State rank: #1 of 111 in NE

Livability — Omaha

• Score: 84/100
• State rank: #7
• US rank: #663

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Douglas County · 538,646 people
• City population: 552,986
• Metro: Omaha-Council Bluffs, NE-IA
• Population (ZIP): 36,538
• Household income: $148,111
• Rent vs Own: 26.0% rent · 74.0% own
• Severe rent burden: 651.0

Population outlook (Douglas County) Hauer SSP2

• Today (2025): 625,245 people
• By 2030: 661,613 · +5.8%
• By 2040: 732,395 · +17.1%
• By 2050: 801,988 · +28.3%
• By 2075: 968,637 · +54.9%
• By 2100: 1,101,871 · +76.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Two or more races 6% Asian 4% Hispanic / Latino 4% Black 1%
• Common ancestry: Portuguese 3% Romanian 3% Iranian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 94% English-only · Other Indo-European 1% Other Asian/Pacific 1% Spanish 1%

Political lean MEDSL · Douglas

• 2024 margin: D (+10.2) · D 54.4% · R 44.2% · Other 1.4%
• 2008→2024 swing: +5.5pp toward D · 2008: 4.6pp · 2024: 10.2pp
• All cycles: 2024: D+10.2 2020: D+11.3 2016: D+1.4 2012: R+4.3 2008: D+4.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -102.67%
• Current HPI: 200.1245
• Rent YoY: ▲ 4.25%
• Metro: Omaha-Council Bluffs, NE-IA
• 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

-55.9% since first listed

7 events — show timeline

• 2026-05-01 Price Changed $354,990 Zillow
• 2026-04-30 Price Changed $354,990 GPRMLS
• 2026-04-10 Price Changed $363,990 Zillow
• 2026-04-07 Price Changed $360,990 Zillow
• 2026-03-13 Listed $357,990 Zillow
• 2026-03-13 Listed $357,990 GPRMLS
• 2026-01-29 Sold (Public Records) $805,298 Public Records

Property tax history

+54.3%/yr

Latest (2025): $806 · +155.1% YoY. Source: county tax records.