715 N Webster Ave · Hastings, NE 68901

$144,000

2 bd · 1.0 ba · 1,127 sqft · SingleFamily public records · 98 Days on market

Built 1928 $128/sqft · 45% above area Est $161k · 11% 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 +19.8/30.0
• ARV discount +12.3/15.0
• DSCR +6.3/10.0
• 1% rule +5.2/10.0
• Livability +4.0/5.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Bungalow style home with 2 main floor bedrooms, large living room/dining room with wood floors, eat-in kitchen including all appliances and ample cabinet space including a pull-out pantry cabinet, main floor laundry, enclosed front and back porch, covered back patio and an oversized single garage with workshop.

Key facts

• Main floor laundry
• Large living room
• Eat-in kitchen

Tags

• BUNGALOW STYLE HOME
• LARGE LIVING ROOM
• EAT-IN KITCHEN
• AMPLE CABINET SPACE
• PULL-OUT PANTRY CABINET
• MAIN FLOOR LAUNDRY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $144k.

Deal economics

• At list price, monthly cash flow is $173 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $144k).
• Recommended offer: $131k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 4.3% in Hastings — 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 79/100 on livability (#41 in NE, #2,188 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, amenities D-, commute F.
• Hastings Public Schools (town): math 38% / reading 42% proficiency, ranked #96 of 111 in NE (top 86%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 193 active listings in the ZIP; 217 units permitted in Adams County in 2024 (132 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $996 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 98 days — a 9% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $16k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

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

Recommended offer $131,040 (9.0% below list)

Questions for the listing agent

1. It's been on market 98 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1928 — 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. 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: 1.02% ✓
• Cap rate: 7.73%
• Cash-on-cash: 5.14%
• DSCR: 1.23
• GRM: 8.2

CMA / ARV

• ARV (median comp): $161,009
• List price: $144,000
• Delta: -10.56%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1742 W 5th St	0.37mi	2/1.0	1,170 (+4%)	9mo	$140,000	$120	69
1608 W 4th St	0.29mi	2/1.0	1,152 (+2%)	19mo	$120,000	$104	67
1139 W 5th St	0.23mi	2/1.0	1,247 (+11%)	13mo	$120,000	$96	61
1317 W 3rd St	0.30mi	1/1.0 (-1)	1,250 (+11%)	3mo	$120,000	$96	61
1244 N Webster Ave	0.58mi	2/1.0	1,066 (-5%)	4mo	$100,000	$94	60
1910 W 5th St	0.51mi	2/1.0	1,218 (+8%)	24mo	$88,000	$72	43
2015 Home St	0.75mi	3/2.0 (+1)	1,080 (-4%)	14mo	$240,000	$222	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: -8.3%
• Equity multiple: 0.69×
• Total profit: $-12,329
• Equity at exit: $21,471

10-year hold

• IRR: 1.2%
• Equity multiple: 1.09×
• Total profit: $3,476
• Equity at exit: $12,450

Cash invested: $40,320 (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 68901

• Active inventory: 193
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,463 medium
• Mortgage (P&I): −$755
• Tax from tax record: −$168 /mo · $2,019/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$307
• Net cashflow: $173

Break-even live

Break-even rent $1,245

Max offer price $144,000

Occupancy floor 83%

Sensitivity live

Price	-10% $254	-5% $213	+0% $173	+5% $132	+10% $91
Rent	-10% $57	-5% $115	+0% $173	+5% $230	+10% $288
Rate	-1.0pp $245	-0.5pp $209	base $173	+0.5pp $135	+1.0pp $97

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: $36,000
• Closing costs: $4,320
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-06-04
   statusdays on market $144,000 Pending 98 DOM
2. 2026-06-02
   days on market $144,000 Active 97 DOM
3. 2026-06-01
   days on market $144,000 Active 96 DOM
4. 2026-05-31
   days on market $144,000 Active 95 DOM
5. 2026-04-07
   price $144,000 312-char remark

   Show marketing remark (312 chars)

   Bungalow style home with 2 main floor bedrooms, large living room/dining room with wood floors, eat-in kitchen including all appliances and ample cabinet space including a pull-out pantry cabinet, main floor laundry, enclosed front and back porch, covered back patio and an oversized single garage with workshop.

6. 2026-03-11
   price $149,900 312-char remark

   Show marketing remark (312 chars)

   Bungalow style home with 2 main floor bedrooms, large living room/dining room with wood floors, eat-in kitchen including all appliances and ample cabinet space including a pull-out pantry cabinet, main floor laundry, enclosed front and back porch, covered back patio and an oversized single garage with workshop.

7. 2026-02-20
   listed $159,900 Active 312-char remark

   Show marketing remark (312 chars)

   Bungalow style home with 2 main floor bedrooms, large living room/dining room with wood floors, eat-in kitchen including all appliances and ample cabinet space including a pull-out pantry cabinet, main floor laundry, enclosed front and back porch, covered back patio and an oversized single garage with workshop.

8. 2023-07-05
   soldstatus $140,500 Closed 204-char remark

   Show marketing remark (204 chars)

   This nice bungalow style home offers 2 main floor bedrooms, full bath, large living and dining room, main floor laundry, full basement with work shop. Covered back patio, single car garage with work shop.

9. 2023-06-02
   status Pending 204-char remark

   Show marketing remark (204 chars)

   This nice bungalow style home offers 2 main floor bedrooms, full bath, large living and dining room, main floor laundry, full basement with work shop. Covered back patio, single car garage with work shop.

10. 2023-06-01
    listed $139,500 Active 204-char remark

    Show marketing remark (204 chars)

    This nice bungalow style home offers 2 main floor bedrooms, full bath, large living and dining room, main floor laundry, full basement with work shop. Covered back patio, single car garage with work shop.

ⓘ 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: $2,019 · $168/mo
• Projected year-2 tax: $2,491 · $208/mo
• Expected delta: +$472/yr (+$39/mo · 23.4%)

ⓘ 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 ≥101°F today · 17 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: $17,559
• − Mortgage interest: −$8,066
• − Property taxes: −$2,019
• − Insurance: −$720
• − Repairs & maintenance: −$1,405
• − Management: −$1,405
• − Depreciation: −$4,189
• Taxable loss: −$245
• Est. tax savings @ 24.0%: +$59
• After-tax cash flow: $2,129/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: Hastings Public Schools
• NCES district ID: 3171580
• Math proficiency: 38% ▼ -8.00%
• Reading proficiency: 42% ▼ -4.00%
• Median HH income: $42,942
• Composite: 33.81/100
• National rank: #5363
• State rank: #96 of 111 in NE

Livability — Hastings

• Score: 79/100
• State rank: #41
• US rank: #2188

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hastings, NE
• City population: 26,208
• Population (ZIP): 26,208

Population outlook (Adams County) Hauer SSP2

• Today (2025): 31,965 people
• By 2030: 32,079 · +0.4%
• By 2040: 31,999 · +0.1%
• By 2050: 31,586 · -1.2%
• By 2075: 30,856 · -3.5%
• By 2100: 29,948 · -6.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 14% Two or more races 8% Black 1% Asian 1%
• Hispanic origin (detail): Mexican 9% Cuban 1%
• Common ancestry: Lithuanian 2% Romanian 2% Italian 2%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 9% Vietnamese 1%

Political lean MEDSL · Adams

• 2024 margin: Solid R (+41.6) · D 28.5% · R 70.2% · Other 1.3%
• 2008→2024 swing: -14.6pp toward R · 2008: -27.0pp · 2024: -41.6pp
• All cycles: 2024: R+41.6 2020: R+40.1 2016: R+45.0 2012: R+34.1 2008: R+27.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -255.77%
• Current HPI: 232.0444
• 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

+3.2% since first listed

6 events — show timeline

• 2026-04-07 Price Changed $144,000 GMNMLS
• 2026-03-11 Price Changed $149,900 GMNMLS
• 2026-02-20 Listed $159,900 GMNMLS
• 2023-07-05 Sold (MLS) $140,500 GMNMLS
• 2023-06-02 Pending — GMNMLS
• 2023-06-01 Listed $139,500 GMNMLS

Property tax history

+2.5%/yr

Latest (2025): $2,019 · +2.8% YoY. Source: county tax records.