929 Lindell St · Fairbury, NE 68352

$19,000

1 bd · 1.0 ba · 864 sqft · SingleFamily public records · 32 Days on market

Built 1890 0.31 ac lot $22/sqft · 66% below area ↓ 46% since listing

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.7/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity awaits with this 0.31-acre property in Fairbury, NE featuring an existing building. Whether you’re looking for an investment project, renovation opportunity, or future building site, this property offers plenty of potential. Property is being sold as-is and will require repairs/work. Don’t miss this chance to add value and make it your own! Property needs work before utilities can be turned on; however, utility hookups are already in place.

Key facts

• As-is condition
• Investment project
• Existing building

Tags

• 0.31-ACRE PROPERTY
• EXISTING BUILDING
• INVESTMENT PROJECT
• RENOVATION OPPORTUNITY
• FUTURE BUILDING SITE
• AS-IS CONDITION

Property features AI

Exterior

• Parking: No garage
• Utilities: Public sewer
• Home design: Single-family residence; Residential property; Not new (built in 1890); 800 square feet above grade
• Construction: Block foundation; Originally built in 1890
• Exterior features: Lot between 1/4 and 1/2 acre; Lot dimensions approximately 144 x 95; Lot included in price

Interior

• Bedrooms: Master bedroom on the main floor
• Bathrooms: One full bathroom (main level)
• Heating & cooling: No fuel heating
• Interior features: No fireplaces; No basement

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $19k.

Deal economics

• At list price, monthly cash flow is $539 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($850 rent vs $19k).
• Recommended offer: $18k (3.0% below list) — sets the bar for market timing.
• Cap rate 40.3% vs local median 4.6% in Fairbury — 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 74/100 on livability (#125 in NE, #4,843 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, employment D+, amenities F.
• Fairbury Public Schools (town): math 39% / reading 37% proficiency, ranked #101 of 111 in NE (top 91%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 36 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 9 units permitted in Jefferson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $131 of loan paydown is wiped out by about $570 of value loss. Plan a longer hold.
• Jefferson County population projected to shrink 6% 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 $5k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($18k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $6k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $18,430 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1890 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 4.47% ✓
• Cap rate: 40.32%
• Cash-on-cash: 121.53%
• DSCR: 6.41
• GRM: 1.9

CMA / ARV

• ARV (median comp): $51,308
• List price: $19,000
• Delta: -62.97%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
818 C St	0.26mi	1/1.0	856 (-1%)	7mo	$63,829	$75	80
1226 Oak St	0.25mi	2/1.0 (+1)	864 (0%)	19mo	$33,500	$39	68
315 12th St	0.33mi	1/1.0	848 (-2%)	19mo	$58,000	$68	66
114 W 4th St	0.46mi	2/1.0 (+1)	924 (+7%)	1mo	$10,000	$11	61
1212 C St	0.32mi	2/1.0 (+1)	952 (+10%)	7mo	$83,000	$87	57
1302 G St	0.60mi	2/1.0 (+1)	735 (-15%)	3mo	$32,000	$44	40
724 G St	0.55mi	2/1.0 (+1)	984 (+14%)	9mo	$68,000	$69	38
1028 H St	0.61mi	2/1.0 (+1)	936 (+8%)	22mo	$74,000	$79	34
1527 H St	0.75mi	2/1.5 (+1)	973 (+13%)	4mo	$70,000	$72	34

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: —
• Equity multiple: 6.87×
• Total profit: $31,250
• Equity at exit: $2,833

10-year hold

• IRR: —
• Equity multiple: 14.43×
• Total profit: $71,455
• Equity at exit: $1,643

Cash invested: $5,320 (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 68352

• Home prices YoY: -9.9%
• Active inventory: 36
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $850 medium
• Mortgage (P&I): −$100
• Tax from tax record: −$25 /mo · $302/yr
• Insurance: −$8
• HOA: −$0
• Vacancy / Maint / Mgmt: −$178
• Net cashflow: $539

Break-even live

Break-even rent $168

Max offer price $19,000

Occupancy floor 32%

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: $4,750
• Closing costs: $570
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1011 K St Unit STREET-301 Fairbury, NE	2.0	1.5	1088	$850	$0.78	44d	1	0.82mi

Listing history 13 events

1. 2026-06-12
   remarks 458-char remark
2. 2026-06-12
   days on market $19,000 Active 32 DOM
3. 2026-06-09
   days on market $19,000 Active 29 DOM
4. 2026-06-08
   days on market $19,000 Active 28 DOM
5. 2026-06-07
   days on market $19,000 Active 27 DOM
6. 2026-06-05
   pricedays on market $19,000 Active 25 DOM
7. 2026-06-04
   days on market $25,000 Active 23 DOM
8. 2026-06-02
   days on market $25,000 Active 22 DOM
9. 2026-06-01
   days on market $25,000 Active 21 DOM
10. 2026-05-31
    days on market $25,000 Active 20 DOM
11. 2026-05-11
    listed $25,000 New 366-char remark
12. 2026-05-06
    historical
13. 2026-04-09
    listed $35,000 New

ⓘ 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: $302 · $25/mo
• Projected year-2 tax: $329 · $27/mo
• Expected delta: +$27/yr (+$2/mo · 8.9%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥105°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: $10,200
• − Mortgage interest: −$1,064
• − Property taxes: −$302
• − Insurance: −$95
• − Repairs & maintenance: −$816
• − Management: −$816
• − Depreciation: −$553
• Taxable income: $6,554
• Est. tax owed @ 24.0%: −$1,573
• After-tax cash flow: $4,892/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: Fairbury Public Schools
• NCES district ID: 3170440
• Math proficiency: 39% ▼ -13.00%
• Reading proficiency: 37% ▲ 4.00%
• Median HH income: $40,800
• Composite: 31.97/100
• National rank: #5842
• State rank: #101 of 111 in NE

Livability — Fairbury

• Score: 74/100
• State rank: #125
• US rank: #4843

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fairbury, NE
• Population (ZIP): 4,897

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 6,961 people
• By 2030: 6,831 · -1.9%
• By 2040: 6,590 · -5.3%
• By 2050: 6,510 · -6.5%
• By 2075: 6,831 · -1.9%
• By 2100: 7,072 · +1.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 7% Two or more races 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 3% Iranian 1% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4% German/W. Germanic 1%

Political lean MEDSL · Jefferson

• 2024 margin: Solid R (+45.3) · D 26.7% · R 72.0% · Other 1.4%
• 2008→2024 swing: -29.6pp toward R · 2008: -15.8pp · 2024: -45.3pp
• All cycles: 2024: R+45.3 2020: R+42.9 2016: R+45.4 2012: R+28.4 2008: R+15.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -25.22%
• Current HPI: 229.7519
• 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

-45.7% since first listed

5 events — show timeline

• 2026-06-13 Listing Removed — GPRMLS
• 2026-06-04 Price Changed $19,000 GPRMLS
• 2026-05-11 Listed $25,000 GPRMLS
• 2026-05-06 Listing Removed — GPRMLS
• 2026-04-09 Listed $35,000 GPRMLS

Property tax history

+20.7%/yr

Latest (2025): $302 · -9.5% YoY. Source: county tax records.