416 8 St · Scribner, NE 68057

$159,000

5 bd · 2.0 ba · 2,492 sqft · SingleFamily public records · 58 Days on market

Built 1897 0.39 ac lot $64/sqft · 16% below area Est $190k · 16% 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).

• ARV discount +14.8/15.0
• Cash flow +13.3/30.0
• Appreciation +6.9/10.0
• Schools +4.9/10.0
• DSCR +4.0/10.0
• Livability +3.7/5.0
• 1% rule +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

2 Story brick home built in 1898. Eat in Kitchen, Main Floor Bedroom and Bathroom, Enclosed Porch and Covered Porch. Stained Glass Windows, Furnace in 2024, Hot Water Heater 2025. 200 amp Electrical. 2 storage sheds, pond. Off Street Parking.

Key facts

• Covered porch
• 200 amp electrical
• Off street parking

Tags

• EAT IN KITCHEN
• ENCLOSED PORCH
• COVERED PORCH
• STAINED GLASS WINDOWS
• 200 AMP ELECTRICAL
• OFF STREET PARKING

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $0 ($0/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 $130k (18.5% below list).
• Recommended offer: $130k (18.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 73/100 on livability (#143 in NE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Scribner-Snyder Community Schools (rural): math 55% / reading 55% proficiency, ranked #106 of 245 in NE (top 43%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 12 active listings in the ZIP; 82 units permitted in Dodge County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($1k loan paydown + $6k appreciation (3.7% local appreciation)).
• At projected returns (3.7% appreciation + 3.0% rent growth), your $45k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 24y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $45k; list at $159k implies a 253% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1897 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $129,555 (18.5% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
2. Built in 1897 — 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. 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: 0.81% ✗
• Cap rate: 6.29%
• Cash-on-cash: 0.00%
• DSCR: 1.00
• GRM: 10.2

CMA / ARV

• ARV (median comp): $189,720
• List price: $159,000
• Delta: -16.19%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
901 Howard St	0.07mi	4/2.0 (-1)	2,801 (+12%)	18mo	$225,000	$80	56

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.74% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 9.6%
• Equity multiple: 1.57×
• Total profit: $25,449
• Equity at exit: $78,217

10-year hold

• IRR: 11.6%
• Equity multiple: 2.86×
• Total profit: $83,003
• Equity at exit: $126,053

Cash invested: $44,520 (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 68057

• Home prices YoY: 1.4%
• Active inventory: 12
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,296 medium
• Mortgage (P&I): −$834
• Tax from tax record: −$123 /mo · $1,481/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$272
• Net cashflow: $0

Break-even live

Break-even rent $1,296

Max offer price $159,000

Occupancy floor 95%

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $159,000 Active 58 DOM
2. 2026-06-17
   days on market $159,000 Active 57 DOM
3. 2026-06-16
   days on market $159,000 Active 56 DOM
4. 2026-06-15
   days on market $159,000 Active 55 DOM
5. 2026-06-13
   days on market $159,000 Active 53 DOM
6. 2026-06-12
   days on market $159,000 Active 52 DOM
7. 2026-06-09
   days on market $159,000 Active 49 DOM
8. 2026-06-08
   days on market $159,000 Active 48 DOM
9. 2026-06-07
   days on market $159,000 Active 47 DOM
10. 2026-06-05
    days on market $159,000 Active 45 DOM
11. 2026-06-04
    days on market $159,000 Active 43 DOM
12. 2026-06-02
    days on market $159,000 Active 42 DOM
13. 2026-06-01
    days on market $159,000 Active 41 DOM
14. 2026-05-31
    days on market $159,000 Active 40 DOM
15. 2026-04-21
    listed $159,000 New 246-char remark

    Show marketing remark (246 chars)

    2 Story brick home built in 1898. Eat in Kitchen, Main Floor Bedroom and Bathroom, Enclosed Porch and Covered Porch. Stained Glass Windows, Furnace in 2024, Hot Water Heater 2025. 200 amp Electrical. 2 storage sheds, pond. Off Street Parking.

16. 2003-03-07
    soldstatus $45,000 181-char remark

    Show marketing remark (181 chars)

    Victorian-italianette Style, A Property To Use Your Creative Talents For Redecorating, Theres Plenty Of Room, Lrg Corner Lot, A House Like This Is Hrd To Find At An Affordable Price

17. 2003-01-29
    historical 181-char remark

    Show marketing remark (181 chars)

    Victorian-italianette Style, A Property To Use Your Creative Talents For Redecorating, Theres Plenty Of Room, Lrg Corner Lot, A House Like This Is Hrd To Find At An Affordable Price

18. 2003-01-23
    soldstatus $45,000
19. 2002-12-04
    listed $49,500 181-char remark

    Show marketing remark (181 chars)

    Victorian-italianette Style, A Property To Use Your Creative Talents For Redecorating, Theres Plenty Of Room, Lrg Corner Lot, A House Like This Is Hrd To Find At An Affordable Price

ⓘ 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: $1,481 · $123/mo
• Projected year-2 tax: $2,751 · $229/mo
• Expected delta: +$1,270/yr (+$106/mo · 85.8%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°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: $15,547
• − Mortgage interest: −$8,906
• − Property taxes: −$1,481
• − Insurance: −$795
• − Repairs & maintenance: −$1,244
• − Management: −$1,244
• − Depreciation: −$4,625
• Taxable loss: −$2,749
• Est. tax savings @ 24.0%: +$660
• After-tax cash flow: $660/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: Scribner-Snyder Community Schools
• NCES district ID: 3100076
• Math proficiency: 55% ▲ 5.00%
• Reading proficiency: 55% ▲ 10.00%
• Median HH income: $47,487
• Composite: 48.51/100
• National rank: #4622
• State rank: #106 of 245 in NE

Livability — Scribner

• Score: 73/100
• State rank: #143
• US rank: #5208

Category grades

Amenities F 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: Scribner, NE
• Population (ZIP): 1,435

Population outlook (Dodge County) Hauer SSP2

• Today (2025): 37,191 people
• By 2030: 37,238 · +0.1%
• By 2040: 37,256 · +0.2%
• By 2050: 37,494 · +0.8%
• By 2075: 39,165 · +5.3%
• By 2100: 40,221 · +8.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 7% Two or more races 4% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Italian 3% Romanian 2% Iranian 1%
• Foreign-born: 2% · South Korea, Canada
• Languages at home: 94% English-only · Spanish 4% German/W. Germanic 1%

Political lean MEDSL · Dodge

• 2024 margin: Solid R (+32.6) · D 33.0% · R 65.7% · Other 1.3%
• 2008→2024 swing: -20.6pp toward R · 2008: -12.0pp · 2024: -32.6pp
• All cycles: 2024: R+32.6 2020: R+32.1 2016: R+35.3 2012: R+22.7 2008: R+12.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.74%
• Current HPI: 269.9092
• 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

+221.2% since first listed

5 events — show timeline

• 2026-04-21 Listed $159,000 GPRMLS
• 2003-03-07 Sold (MLS) $45,000 GPRMLS
• 2003-01-29 Listing Removed — GPRMLS
• 2003-01-23 Sold (Public Records) $45,000 Public Records
• 2002-12-04 Listed $49,500 GPRMLS

Property tax history

+4.6%/yr

Latest (2025): $1,481 · -17.7% YoY. Source: county tax records.