14 Dollfly · Lemoyne, NE 69146

$65,000

2 bd · 1.0 ba · 480 sqft · Other · 1 Days on market

Built 1968 Fair condition

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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 +27.2/30.0
• DSCR +9.4/10.0
• Appreciation +8.3/10.0
• ARV discount +7.5/15.0
• 1% rule +7.4/10.0
• Schools +4.0/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks

The Lake house is priced to sell and is sold AS IS. Price is firm. Home comes fully furnished. Great little cabin that needs some TLC. The house has a great view of the water and has tons of space being on a corner lot. The storage shed is included with the home.

Key facts

• Corner lot
• Built 1968

Tags

• GREAT VIEW OF THE WATER
• CORNER LOT
• STORAGE SHED INCLUDED

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $65k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $185 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($803 rent vs $65k).

Location & tenants

• Location reads 55/100 on livability (#522 in NE) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A, housing A-; Watch: health & safety C-, schools F, amenities F.
• Ogallala Public Schools (town): math 45% / reading 49% proficiency, ranked #78 of 111 in NE (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 8 active listings in the ZIP; 38 units permitted in Keith County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($449 loan paydown + $4k appreciation (6.7% local appreciation)).
• Keith County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (6.7% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $65,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1968 — 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 F-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. 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: 1.24% ✓
• Cap rate: 9.72%
• Cash-on-cash: 12.23%
• DSCR: 1.54
• GRM: 6.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

6.69% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.9%
• Equity multiple: 2.83×
• Total profit: $33,299
• Equity at exit: $43,743

10-year hold

• IRR: 24.8%
• Equity multiple: 5.84×
• Total profit: $88,122
• Equity at exit: $81,940

Cash invested: $18,200 (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 69146

• Home prices YoY: 2.3%
• Active inventory: 8
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $803 medium
• Mortgage (P&I): −$341
• Tax est. 1.5%: −$81 /mo · $975/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$169
• Net cashflow: $185

Break-even live

Break-even rent $569

Max offer price $65,000

Occupancy floor 72%

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Listing history 1 events

1. 2026-05-26
   listed $65,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 3/10 Moderate 7 d/yr ≥98°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,640
• − Mortgage interest: −$3,641
• − Property taxes: −$975
• − Insurance: −$325
• − Repairs & maintenance: −$771
• − Management: −$771
• − Depreciation: −$1,891
• Taxable income: $1,266
• Est. tax owed @ 24.0%: −$304
• After-tax cash flow: $1,922/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.

Condition & rehab AI · 2 photos

Fair 45/100 Moderate rehab

This home requires significant repairs and updates to improve its condition and value. A fresh coat of paint, new flooring, and a new roof are the top priorities to increase its resale and rental value.

Repairs flagged

• Major siding — Significant wear and tear
• Major roof — No visible damage, but age is implied
• Major flooring — No visible flooring, but wear is implied
• Major interior walls/paint — No visible interior, but wear is implied
• Major systems — No visible systems, but age is implied

Value-add opportunities

• Both paint exterior and interior — Fresh paint enhances curb appeal and interior aesthetics
• Both landscaping — Well-maintained landscaping improves curb appeal and property value
• Both roof replacement — A new roof significantly increases the home's value and longevity
• Both flooring replacement — New flooring improves the home's appearance and functionality
• Both interior updates — Fresh paint and updates inside enhance the home's appeal and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
siding · Significant wear and tear	Major	$15,000–50,000
roof · No visible damage, but age is implied	Major	$15,000–50,000
flooring · No visible flooring, but wear is implied	Major	$15,000–50,000
interior walls/paint · No visible interior, but wear is implied	Major	$15,000–50,000
systems · No visible systems, but age is implied	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Both paint exterior and interior — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both landscaping — Well-maintained landscaping improves curb appeal and property value ↑
• Both roof replacement — A new roof significantly increases the home's value and longevity ↑
• Both flooring replacement — New flooring improves the home's appearance and functionality ↑
• Both interior updates — Fresh paint and updates inside enhance the home's appeal and value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Ogallala Public Schools
• NCES district ID: 3174760
• Math proficiency: 45% ▼ -4.00%
• Reading proficiency: 49% ▲ 2.00%
• Median HH income: $42,347
• Composite: 39.56/100
• National rank: #3934
• State rank: #78 of 111 in NE

Livability — Lemoyne

• Score: 55/100
• State rank: #522
• US rank: #23414

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lemoyne, NE
• Population (ZIP): 241

Population outlook (Keith County) Hauer SSP2

• Today (2025): 7,706 people
• By 2030: 7,508 · -2.6%
• By 2040: 7,139 · -7.4%
• By 2050: 6,916 · -10.3%
• By 2075: 6,810 · -11.6%
• By 2100: 6,635 · -13.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (100%)
• Race & ethnicity: White 100%
• Common ancestry: Iranian 17% Portuguese 2%

Political lean MEDSL · Keith

• 2024 margin: Solid R (+63.9) · D 17.4% · R 81.3% · Other 1.2%
• 2008→2024 swing: -14.3pp toward R · 2008: -49.6pp · 2024: -63.9pp
• All cycles: 2024: R+63.9 2020: R+63.7 2016: R+67.0 2012: R+52.6 2008: R+49.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.69%
• Current HPI: 294.0502
• 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

1 event — show timeline

• 2026-05-26 Listed $65,000 FSBO.com