1121 N East Ave · York, NE 68467

$94,000

3 bd · 2.0 ba · 2,244 sqft · SingleFamily public records · 28 Days on market

Built 1928 6,970 sqft lot $42/sqft · 62% below area Est $178k · 47% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.5/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Ever hear of a renovation loan? This solid home offers strong potential with a functional layout and room to add value. The main floor features a bedroom for convenient living, while two additional bedrooms are located upstairs along with a spacious landing area—ideal for a home office, playroom, or flex space. The unfinished basement provides excellent opportunity for expansion, with tall ceilings and a room previously used as a non-conforming bedroom. With some TLC, this space could be transformed into additional living area. Exterior highlights include durable vinyl siding and a backyard shed equipped with electricity and a concrete floor—perfect for storage, hobbies, or a workshop.

Key facts

• 6,970 sq ft lot
• Built 1928
• Listed 28 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $94k.

Deal economics

• At list price, monthly cash flow is $450 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $94k).
• Recommended offer: $93k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.0% vs local median 3.2% in York — 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 80/100 on livability (#24 in NE, #1,666 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• York Public Schools (town): math 55% / reading 51% proficiency, ranked #55 of 111 in NE (top 50%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 74 active listings in the ZIP; 29 units permitted in York County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $650 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• York County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $26k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($93k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $48k; list at $94k implies a 98% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $92,590 (1.5% below list)

Questions for the listing agent

1. Built in 1928 — 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 A-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: 1.50% ✓
• Cap rate: 12.03%
• Cash-on-cash: 20.49%
• DSCR: 1.91
• GRM: 5.5

CMA / ARV

• ARV (median comp): $177,725
• List price: $94,000
• Delta: -47.11%
• 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
808 N Burlington St	0.25mi	3/1.0	2,020 (-10%)	1mo	$105,000	$52	67
1920 N Lincoln Ave	0.57mi	3/2.0	2,183 (-3%)	3mo	$185,000	$85	66
8 Arbor Ct	0.27mi	3/2.0	2,038 (-9%)	10mo	$280,000	$137	64
649 E 6th St	0.39mi	4/2.0 (+1)	2,076 (-8%)	10mo	$196,000	$94	56
309 N East Ave	0.58mi	4/1.5 (+1)	2,112 (-6%)	1mo	$180,000	$85	55
926 N York Ave	0.48mi	4/2.5 (+1)	2,110 (-6%)	8mo	$100,000	$47	54
1721 N Platte Ave	0.51mi	4/2.0 (+1)	2,024 (-10%)	4mo	$238,000	$118	52
942 E 5th St	0.58mi	4/2.5 (+1)	2,178 (-3%)	12mo	$202,000	$93	51
1302 N Mckaig Ave	0.41mi	3/1.5	1,935 (-14%)	8mo	$235,000	$121	49
2117 N Nebraska Ave	0.67mi	4/2.0 (+1)	2,020 (-10%)	5mo	$230,000	$114	43
936 N Florida Ave	0.59mi	4/3.0 (+1)	2,440 (+9%)	15mo	$240,000	$98	36
5 Fairview Dr	0.66mi	4/2.0 (+1)	1,994 (-11%)	12mo	$235,000	$118	36

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: 12.8%
• Equity multiple: 1.51×
• Total profit: $13,430
• Equity at exit: $14,016

10-year hold

• IRR: 21.7%
• Equity multiple: 2.85×
• Total profit: $48,691
• Equity at exit: $8,127

Cash invested: $26,320 (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 68467

• Active inventory: 74
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,414 medium
• Mortgage (P&I): −$493
• Tax from tax record: −$135 /mo · $1,621/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $450

Break-even live

Break-even rent $845

Max offer price $94,000

Occupancy floor 63%

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: $23,500
• Closing costs: $2,820
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-06
   status Pending 708-char remark

   Show marketing remark (708 chars)

   Ever hear of a renovation loan? This solid home offers strong potential with a functional layout and room to add value. The main floor features a bedroom for convenient living, while two additional bedrooms are located upstairs along with a spacious landing area—ideal for a home office, playroom, or flex space. The unfinished basement provides excellent opportunity for expansion, with tall ceilings and a room previously used as a non-conforming bedroom. With some TLC, this space could be transformed into additional living area. Exterior highlights include durable vinyl siding and a backyard shed equipped with electricity and a concrete floor—perfect for storage, hobbies, or a workshop.

2. 2026-04-27
   price $94,000 708-char remark

   Show marketing remark (708 chars)

   Ever hear of a renovation loan? This solid home offers strong potential with a functional layout and room to add value. The main floor features a bedroom for convenient living, while two additional bedrooms are located upstairs along with a spacious landing area—ideal for a home office, playroom, or flex space. The unfinished basement provides excellent opportunity for expansion, with tall ceilings and a room previously used as a non-conforming bedroom. With some TLC, this space could be transformed into additional living area. Exterior highlights include durable vinyl siding and a backyard shed equipped with electricity and a concrete floor—perfect for storage, hobbies, or a workshop.

3. 2026-04-19
   price $109,900 708-char remark

   Show marketing remark (708 chars)

   Ever hear of a renovation loan? This solid home offers strong potential with a functional layout and room to add value. The main floor features a bedroom for convenient living, while two additional bedrooms are located upstairs along with a spacious landing area—ideal for a home office, playroom, or flex space. The unfinished basement provides excellent opportunity for expansion, with tall ceilings and a room previously used as a non-conforming bedroom. With some TLC, this space could be transformed into additional living area. Exterior highlights include durable vinyl siding and a backyard shed equipped with electricity and a concrete floor—perfect for storage, hobbies, or a workshop.

4. 2026-04-06
   listed $120,000 New 708-char remark

   Show marketing remark (708 chars)

   Ever hear of a renovation loan? This solid home offers strong potential with a functional layout and room to add value. The main floor features a bedroom for convenient living, while two additional bedrooms are located upstairs along with a spacious landing area—ideal for a home office, playroom, or flex space. The unfinished basement provides excellent opportunity for expansion, with tall ceilings and a room previously used as a non-conforming bedroom. With some TLC, this space could be transformed into additional living area. Exterior highlights include durable vinyl siding and a backyard shed equipped with electricity and a concrete floor—perfect for storage, hobbies, or a workshop.

5. 2004-05-28
   soldstatus $47,500
6. 1998-11-13
   soldstatus $36,000

ⓘ 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: $1,621 · $135/mo
• Projected year-2 tax: $1,626 · $136/mo
• Expected delta: +$5/yr ($0/mo · 0.3%)

ⓘ 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,962
• − Mortgage interest: −$5,265
• − Property taxes: −$1,621
• − Insurance: −$470
• − Repairs & maintenance: −$1,357
• − Management: −$1,357
• − Depreciation: −$2,735
• Taxable income: $4,158
• Est. tax owed @ 24.0%: −$998
• After-tax cash flow: $4,396/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: York Public Schools
• NCES district ID: 3179050
• Math proficiency: 55% ▼ -9.00%
• Reading proficiency: 51% ▼ -4.00%
• Median HH income: $48,726
• Composite: 45.18/100
• National rank: #2675
• State rank: #55 of 111 in NE

Livability — York

• Score: 80/100
• State rank: #24
• US rank: #1666

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: York, NE
• City population: 9,688
• Population (ZIP): 9,688

Population outlook (York County) Hauer SSP2

• Today (2025): 13,976 people
• By 2030: 14,103 · +0.9%
• By 2040: 14,490 · +3.7%
• By 2050: 15,059 · +7.7%
• By 2075: 18,276 · +30.8%
• By 2100: 21,449 · +53.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 7% Two or more races 6% Black 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Iranian 2% Romanian 1% Italian 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Asian/Pacific 1%

Political lean MEDSL · York

• 2024 margin: Solid R (+51.3) · D 23.6% · R 74.9% · Other 1.5%
• 2008→2024 swing: -2.0pp toward R · 2008: -49.3pp · 2024: -51.3pp
• All cycles: 2024: R+51.3 2020: R+51.8 2016: R+56.0 2012: R+55.4 2008: R+49.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -126.71%
• Current HPI: 192.5562
• 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

+161.1% since first listed

6 events — show timeline

• 2026-05-06 Pending — GPRMLS
• 2026-04-27 Price Changed $94,000 GPRMLS
• 2026-04-19 Price Changed $109,900 GPRMLS
• 2026-04-06 Listed $120,000 GPRMLS
• 2004-05-28 Sold (Public Records) $47,500 Public Records
• 1998-11-13 Sold (Public Records) $36,000 Public Records

Property tax history

+6.8%/yr

Latest (2025): $1,621 · +90.0% YoY. Source: county tax records.