2330 N 69 St · Omaha, NE 68104

$100,000

1 bd · 1.0 ba · 560 sqft · SingleFamily public records · 43 Days on market

Built 1960 6,534 sqft lot $179/sqft · 31% below area Est $145k · 31% under

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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 +16.6/30.0
• ARV discount +15.0/15.0
• DSCR +5.2/10.0
• 1% rule +4.3/10.0
• Livability +4.2/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Open Houe Sunday February 22, 2026 1pm-3pm This property is an ideal starter home, boasting new carpeting, a renovated kitchen with new appliances, cabinetry, faucets, and flooring. The bathroom features a new vanity, faucet, and toilet, while the roof was replaced in 2025. Situated at the rear of the lot, the property offers ample space for future expansion.

Key facts

• New vanity
• New carpeting
• Renovated kitchen

Tags

• NEW CARPETING
• RENOVATED KITCHEN
• NEW APPLIANCES
• NEW VANITY

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $61 ($728/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 $93k (6.7% below list).
• Recommended offer: $93k (6.7% below list) — sets the bar for 1% rule.
• Cap rate 7.0% 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.
• Omaha Public Schools (urban): math 20% / reading 28% proficiency, ranked #110 of 111 in NE (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.4%/yr); 172 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $691 of loan paydown is wiped out by about $3k 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 43 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $19k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $38k; list at $100k implies a 163% gain — meaningful room to come down on a strong offer.

Recommended offer $93,285 (6.7% below list)

Questions for the listing agent

1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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. 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?
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: 0.93% ✗
• Cap rate: 7.02%
• Cash-on-cash: 2.60%
• DSCR: 1.12
• GRM: 8.9

CMA / ARV

• ARV (median comp): $144,597
• List price: $100,000
• Delta: -30.84%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2330 N 69 St	0.00mi	1/1.0	560 (0%)	0mo	$82,000	$146	100
2037 N 67th St	0.25mi	1/1.0	480 (-14%)	3mo	$141,000	$294	62
6425 Franklin St	0.58mi	1/1.0	616 (+10%)	4mo	$155,500	$252	53
2047 N 60 Ave	0.74mi	2/1.0 (+1)	624 (+11%)	6mo	$152,500	$244	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 · 2.35% rent growth · sell at horizon

5-year hold

• IRR: -12.9%
• Equity multiple: 0.54×
• Total profit: $-12,943
• Equity at exit: $14,910

10-year hold

• IRR: -4.9%
• Equity multiple: 0.69×
• Total profit: $-8,731
• Equity at exit: $8,646

Cash invested: $28,000 (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 68104

• Rents YoY: 2.4%
• Active inventory: 172
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $933 high
• Mortgage (P&I): −$524
• Tax from tax record: −$110 /mo · $1,323/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$196
• Net cashflow: $61

Break-even live

Break-even rent $856

Max offer price $100,000

Occupancy floor 88%

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2717 N 73rd St Unit 209 Omaha, NE	1.0	1.0	700	$745	$1.06	23d	1	0.31mi
7316 Maple St Omaha, NE	1.0–2.0	1.0	850	$795	$0.94	43d	10	0.44mi
7306 Maple St Unit 08-7316 Omaha, NE	1.0	1.0	700	$945	$1.35	23d	1	0.45mi
6539 Binney St Omaha, NE	2.0	1.0	720	$1,300	$1.81	23d	1	0.46mi
1711 N 73rd St Unit 1711/06 Omaha, NE	1.0	1.0	731	$815	$1.11	23d	1	0.47mi
1711 N 73rd St Unit 1715/25 Omaha, NE	1.0	1.0	711	$795	$1.12	3d	1	0.47mi
1711 N 73rd St Unit 1715/21 Omaha, NE	1.0	1.0	711	$775	$1.09	43d	1	0.47mi
1711 N 73rd St Omaha, NE	1.0	1.0	711	$775	$1.09	23d	1	0.47mi
7311 Wirt Cir Omaha, NE	1.0–2.0	1.0	850	$845	$0.99	23d	11	0.48mi
2708 N 75th St Unit 23 Omaha, NE	1.0	1.0	735	$895	$1.22	43d	1	0.49mi
2903 N 76th St Unit 2903/05 Omaha, NE	1.0	1.0	630	$785	$1.25	23d	1	0.64mi
6152 Military Ave Omaha, NE	2.0	1.0–2.0	785	$1,320	$1.68	2d	6	0.69mi
7810 Blondo St Unit 206 Omaha, NE	1.0	1.0	650	$725	$1.12	43d	1	0.78mi
7810 Blondo St Unit 208 Omaha, NE	1.0	1.0	650	$775	$1.19	2d	1	0.78mi
2303 Benson Gardens Blvd Omaha, NE	2.0	1.0–2.0	800	$1,011	$1.26	2d	14	0.79mi
5828 Erskine St Unit 5828-5 Omaha, NE	1.0	1.0	700	$850	$1.21	2d	1	0.85mi
2019 Benson Gardens Blvd Unit 6 Omaha, NE	1.0	1.0	600	$875	$1.46	2d	1	0.86mi
2019 Benson Gardens Blvd Unit 3 Omaha, NE	1.0	1.0	600	$795	$1.32	43d	1	0.86mi
5820 Erskine St Unit 5820-2 Omaha, NE	1.0	1.0	700	$845	$1.21	43d	1	0.88mi
7300 Graceland Dr Omaha, NE	1.0	1.0	433	$795	$1.84	2d	1	1.24mi
119 N 72nd St Omaha, NE	1.0	1.0	470	$1,241	$2.64	2d	18	1.39mi
4438 N 61st St Omaha, NE	1.0	1.0	700	$800	$1.14	2d	4	1.40mi

Listing history 6 events

1. 2026-04-18
   price $110,000 362-char remark

   Show marketing remark (362 chars)

   Open Houe Sunday February 22, 2026 1pm-3pm This property is an ideal starter home, boasting new carpeting, a renovated kitchen with new appliances, cabinetry, faucets, and flooring. The bathroom features a new vanity, faucet, and toilet, while the roof was replaced in 2025. Situated at the rear of the lot, the property offers ample space for future expansion.

2. 2026-04-09
   listed $119,000 New 362-char remark

   Show marketing remark (362 chars)

   Open Houe Sunday February 22, 2026 1pm-3pm This property is an ideal starter home, boasting new carpeting, a renovated kitchen with new appliances, cabinetry, faucets, and flooring. The bathroom features a new vanity, faucet, and toilet, while the roof was replaced in 2025. Situated at the rear of the lot, the property offers ample space for future expansion.

3. 2026-04-09
   historical

   Show marketing remark (362 chars)

   Open Houe Sunday February 22, 2026 1pm-3pm This property is an ideal starter home, boasting new carpeting, a renovated kitchen with new appliances, cabinetry, faucets, and flooring. The bathroom features a new vanity, faucet, and toilet, while the roof was replaced in 2025. Situated at the rear of the lot, the property offers ample space for future expansion.

4. 2026-03-04
   price $120,000
5. 2026-01-29
   listed $135,000 New
6. 2012-02-28
   soldstatus $38,000

ⓘ 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: $1,323 · $110/mo
• Projected year-2 tax: $1,730 · $144/mo
• Expected delta: +$407/yr (+$34/mo · 30.8%)

ⓘ 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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,194
• − Mortgage interest: −$5,602
• − Property taxes: −$1,323
• − Insurance: −$500
• − Repairs & maintenance: −$896
• − Management: −$896
• − Depreciation: −$2,909
• Taxable loss: −$930
• Est. tax savings @ 24.0%: +$223
• After-tax cash flow: $951/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: Omaha Public Schools
• NCES district ID: 3174820
• Math proficiency: 20% ▼ -10.00%
• Reading proficiency: 28% ▼ -5.00%
• Median HH income: $46,039
• Composite: 20.83/100
• National rank: #8502
• State rank: #110 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

• Census place: Omaha, NE
• County: Douglas County · 538,646 people
• City population: 552,986
• Metro: Omaha-Council Bluffs, NE-IA
• Population (ZIP): 36,673
• Household income: $60,549
• Rent vs Own: 42.2% rent · 57.8% own
• Severe rent burden: 1738.0

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: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: White 50% Black 23% Asian 12% Two or more races 11% Hispanic / Latino 7%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Lithuanian 2% Romanian 2%
• Foreign-born: 13% · Philippines, Canada, India
• Languages at home: 83% English-only · Other Asian/Pacific 8% Spanish 5% Other Indo-European 2%

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: ▼ -196.54%
• Current HPI: 298.8625
• Rent YoY: ▲ 2.35%
• 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

+189.5% since first listed

6 events — show timeline

• 2026-04-18 Price Changed $110,000 GPRMLS
• 2026-04-09 Listing Removed — GPRMLS
• 2026-04-09 Listed $119,000 GPRMLS
• 2026-03-04 Price Changed $120,000 GPRMLS
• 2026-01-29 Listed $135,000 GPRMLS
• 2012-02-28 Sold (Public Records) $38,000 Public Records

Property tax history

+5.1%/yr

Latest (2025): $1,323 · +2.9% YoY. Source: county tax records.