306 Padua Ave · Ravenna, NE 69969

$149,900

3 bd · 1.0 ba · 1,456 sqft · SingleFamily · 36 Days on market

Built 1920 Poor condition Est $135k · 11% over

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Why this score? — see what drove the D- 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 +11.2/30.0
• Appreciation +5.0/10.0
• Schools +4.8/10.0
• Livability +3.6/5.0
• 1% rule +3.3/10.0
• DSCR +3.3/10.0
• ARV discount +2.7/15.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0

Listing remarks MLS

Cozy home with a garage/man cave building on the north lot. Lots of updates including flooring, windows & roof. Huge double lot.

Key facts

• Close to school
• Close to ballparks
• Close to downtown

Tags

• CLOSE TO SCHOOL
• CLOSE TO BALLPARKS
• CLOSE TO DOWNTOWN

Property features AI

Exterior

• Home design: Single-family residence
• Construction: Property type: Residential
• Exterior features: Zoned residential

Interior

• Bathrooms: One main-level bathroom
• Interior features: Basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $-58 ($-698/yr) — negative.
• To cash-flow at today's rent, offer at most $141k (5.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $124k (17.4% below list).
• Recommended offer: $124k (17.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 71/100 on livability (#199 in NE) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety C-, amenities F, commute F.
• Ravenna Public Schools (rural): math 60% / reading 50% proficiency, ranked #113 of 245 in NE (top 46%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Ravenna Elementary School (math 72% / reading 57%, grade B, #78 of 502 statewide, top 18%, 244 students, 45% FRL); Ravenna Senior High (math 57% / reading 57%, grade C, #70 of 261 statewide, top 30%, 169 students, 43% FRL) — zoned schools average 44% FRL vs 27% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 1 active listings in the ZIP; 125 units permitted in Buffalo County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($1k loan paydown + $4k appreciation (3.0% local appreciation)).
• Buffalo County population projected at +31% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~7 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y 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 $118k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $123,769 (17.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
4. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.83% ✗
• Cap rate: 5.83%
• Cash-on-cash: -1.66%
• DSCR: 0.93
• GRM: 10.1

CMA / ARV

• ARV (on-the-fly): $135,408
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
502 Kufus Ave	0.15mi	2/1.0 (-1)	1,404 (-4%)	7mo	$121,000	$86	76
307 Padua Ave	0.03mi	3/2.0	1,560 (+7%)	12mo	$175,000	$112	73
323 Milan Ave	0.33mi	3/1.0	1,284 (-12%)	5mo	$60,000	$47	61
323 Padua Ave	0.05mi	3/2.0	1,256 (-14%)	18mo	$102,000	$81	56
320 Sicily Ave	0.37mi	4/2.0 (+1)	1,632 (+12%)	3mo	$164,900	$101	52
508 Padua Ave	0.14mi	2/2.0 (-1)	1,288 (-12%)	23mo	$120,000	$93	46

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: 6.0%
• Equity multiple: 1.34×
• Total profit: $14,373
• Equity at exit: $67,402

10-year hold

• IRR: 8.9%
• Equity multiple: 2.34×
• Total profit: $56,405
• Equity at exit: $103,874

Cash invested: $41,972 (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 69969

• Active inventory: 1
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,238 medium
• Mortgage (P&I): −$786
• Tax est. 1.5%: −$187 /mo · $2,248/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $-58

Break-even live

Break-even rent $1,311

Max offer price $141,486

Occupancy floor 100%

Sensitivity live

Price	-10% $45	-5% $-6	+0% $-58	+5% $-110	+10% $-162
Rent	-10% $-156	-5% $-107	+0% $-58	+5% $-9	+10% $40
Rate	-1.0pp $17	-0.5pp $-20	base $-58	+0.5pp $-97	+1.0pp $-137

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-22
   days on market $149,900 Active 36 DOM
2. 2026-06-21
   days on market $149,900 Active 35 DOM
3. 2026-06-21
   days on market $149,900 Active 34 DOM
4. 2026-06-18
   days on market $149,900 Active 32 DOM
5. 2026-06-17
   days on market $149,900 Active 31 DOM
6. 2026-06-16
   days on market $149,900 Active 30 DOM
7. 2026-06-15
   days on market $149,900 Active 29 DOM
8. 2026-06-13
   days on market $149,900 Active 27 DOM
9. 2026-06-12
   days on market $149,900 Active 26 DOM
10. 2026-06-09
    days on market $149,900 Active 23 DOM
11. 2026-06-08
    days on market $149,900 Active 22 DOM
12. 2026-06-07
    days on market $149,900 Active 21 DOM
13. 2026-06-05
    days on market $149,900 Active 19 DOM
14. 2026-06-04
    days on market $149,900 Active 17 DOM
15. 2026-06-02
    days on market $149,900 Active 16 DOM
16. 2026-06-01
    days on market $149,900 Active 15 DOM
17. 2026-05-31
    days on market $149,900 Active 14 DOM
18. 2026-05-16
    listed $149,900 Active
19. 2018-07-13
    soldstatus $118,000 134-char remark

    Show marketing remark (134 chars)

    Cozy home with a garage/man cave building on the north lot. Lots of updates including flooring, windows & roof. Huge double lot.

20. 2017-10-06
    listed $124,900 134-char remark

    Show marketing remark (134 chars)

    Cozy home with a garage/man cave building on the north lot. Lots of updates including flooring, windows & roof. Huge double lot.

ⓘ 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 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 16 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: $14,852
• − Mortgage interest: −$8,397
• − Property taxes: −$2,248
• − Insurance: −$750
• − Repairs & maintenance: −$1,188
• − Management: −$1,188
• − Depreciation: −$4,361
• Taxable loss: −$3,280
• Est. tax savings @ 24.0%: +$787
• After-tax cash flow: $89/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 · 1 photo

Poor 20/100 Extensive rehab

This home requires extensive repairs and maintenance, including roof replacement and exterior repairs, to become move-in ready and increase its value.

Repairs flagged

• Major roof — Exposed roof structure, missing shingles
• Major exterior siding — Weathered siding
• Major steps and handrails — Damaged
• Major landscaping — Overgrown vegetation

Value-add opportunities

• Both repair roof — Critical to the structural integrity and safety of the home
• Both repair exterior siding — Improves the home's appearance and value
• Both repair steps and handrails — Ensures safety and enhances curb appeal
• Both landscaping — Enhances curb appeal and adds value

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · Exposed roof structure, missing shingles	Major	$15,000–50,000
exterior siding · Weathered siding	Major	$15,000–50,000
steps and handrails · Damaged	Major	$15,000–50,000
landscaping · Overgrown vegetation	Major	$15,000–50,000
Total estimated repair cost · 4 items		$60,000–200,000

Value-add ROI direction

• Both repair roof — Critical to the structural integrity and safety of the home ↑
• Both repair exterior siding — Improves the home's appearance and value ↑
• Both repair steps and handrails — Ensures safety and enhances curb appeal ↑
• Both landscaping — Enhances curb appeal and adds 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: Ravenna Public Schools
• NCES district ID: 3175960
• Math proficiency: 60% ▲ 15.00%
• Reading proficiency: 50% ▼ -1.00%
• Median HH income: $42,945
• Composite: 48.09/100
• National rank: #4760
• State rank: #113 of 245 in NE

Livability — Ravenna

• Score: 71/100
• State rank: #199
• US rank: #7147

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ravenna, NE

Population outlook (Buffalo County) Hauer SSP2

• Today (2025): 54,980 people
• By 2030: 58,298 · +6.0%
• By 2040: 64,975 · +18.2%
• By 2050: 72,054 · +31.1%
• By 2075: 90,838 · +65.2%
• By 2100: 106,838 · +94.3%

Not yet ingested

• Political lean: —
• Race & ethnicity: —
• Common origin: —
• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

+20.0% since first listed

3 events — show timeline

• 2026-05-16 Listed $149,900 GMNMLS
• 2018-07-13 Sold (MLS) $118,000 GMNMLS
• 2017-10-06 Listed $124,900 GMNMLS