413 E Highway 26 · Henry, NE 69358

$73,000

4 bd · 2.0 ba · 1,608 sqft · SingleFamily · 270 Days on market

Built 1908 Fair condition $45/sqft · 39% below area Est $120k · 39% under

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Why this score? — see what drove the A- 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
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• Appreciation +6.9/10.0
• Schools +3.6/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Key facts

• Built 1908
• Listed 269 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $73k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $317 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $73k).
• Recommended offer: $64k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 61/100 on livability (#456 in NE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, schools F, amenities F.
• Morrill Public Schools (rural): math 34% / reading 45% proficiency, ranked #216 of 245 in NE (top 88%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 23 active listings in the ZIP; 33 units permitted in Scotts Bluff County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($505 loan paydown + $3k appreciation (3.8% local appreciation)).
• Scotts Bluff County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (3.8% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 10, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 270 days — a 12% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y ago; this cycle's ask has dropped $52k (42%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $52k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1908 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $64,240 (12.0% below list)

Questions for the listing agent

1. It's been on market 270 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1908 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 1.42% ✓
• Cap rate: 11.50%
• Cash-on-cash: 18.61%
• DSCR: 1.83
• GRM: 5.9

CMA / ARV

• ARV (median comp): $120,000
• List price: $73,000
• Delta: -39.17%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1454 Yorick Ave	0.21mi	3/1.0 (-1)	1,519 (-6%)	2mo	$120,000	$79	71

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

Projected returns pro-forma

3.77% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.6%
• Equity multiple: 2.57×
• Total profit: $32,013
• Equity at exit: $36,031

10-year hold

• IRR: 26.6%
• Equity multiple: 5.02×
• Total profit: $82,092
• Equity at exit: $58,162

Cash invested: $20,440 (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 69358

• Home prices YoY: 1.9%
• Active inventory: 23
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,040 medium
• Mortgage (P&I): −$383
• Tax est. 1.5%: −$91 /mo · $1,095/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$218
• Net cashflow: $317

Break-even live

Break-even rent $639

Max offer price $73,000

Occupancy floor 65%

Sensitivity live

Price	-10% $367	-5% $342	+0% $317	+5% $292	+10% $267
Rent	-10% $235	-5% $276	+0% $317	+5% $358	+10% $399
Rate	-1.0pp $354	-0.5pp $336	base $317	+0.5pp $298	+1.0pp $279

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: $18,250
• Closing costs: $2,190
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-21
   days on market $73,000 Active 270 DOM
2. 2026-06-18
   days on market $73,000 Active 267 DOM
3. 2026-06-17
   days on market $73,000 Active 266 DOM
4. 2026-06-16
   days on market $73,000 Active 265 DOM
5. 2026-06-15
   days on market $73,000 Active 264 DOM
6. 2026-06-14
   days on market $73,000 Active 262 DOM
7. 2026-06-10
   days on market $73,000 Active 259 DOM
8. 2026-06-09
   days on market $73,000 Active 258 DOM
9. 2026-06-08
   days on market $73,000 Active 257 DOM
10. 2026-06-07
    days on market $73,000 Active 256 DOM
11. 2026-06-05
    days on market $73,000 Active 253 DOM
12. 2026-06-03
    days on market $73,000 Active 252 DOM
13. 2026-06-02
    days on market $73,000 Active 251 DOM
14. 2026-06-01
    days on market $73,000 Active 250 DOM
15. 2026-05-31
    days on market $73,000 Active 249 DOM
16. 2026-05-31
    days on market $73,000 Active 248 DOM
17. 2026-05-20
    price $73,000
18. 2026-04-22
    price $79,900
19. 2026-03-25
    price $84,900
20. 2026-03-06
    price $92,000
21. 2026-02-03
    price $99,900
22. 2026-01-02
    price $108,000
23. 2025-11-28
    price $114,900
24. 2025-10-27
    price $118,900
25. 2025-09-24
    listed $124,900 Active
26. 2017-08-02
    soldstatus $52,500
27. 2017-05-12
    listed $59,900

ⓘ 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 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥94°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: $12,478
• − Mortgage interest: −$4,089
• − Property taxes: −$1,095
• − Insurance: −$365
• − Repairs & maintenance: −$998
• − Management: −$998
• − Depreciation: −$2,124
• Taxable income: $2,809
• Est. tax owed @ 24.0%: −$674
• After-tax cash flow: $3,130/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 · 12 photos

Fair 45/100 Moderate rehab

The home requires moderate renovations, focusing on updating the kitchen and bathrooms, and improving the landscaping to increase its value.

Repairs flagged

• Minor Paint — Paint appears faded in some areas.
• Moderate Kitchen cabinets — Cabinets appear dated and may need updating.
• Moderate Bathroom fixtures — Fixtures appear dated and may need replacement.
• Minor Landscaping — Overgrown areas need trimming and planting.

Value-add opportunities

• Both Painting and updating kitchen cabinets — Painting and updating cabinets can improve both resale and rental value.
• Both Updating bathroom fixtures — Updating fixtures can improve both resale and rental value.
• Both Landscaping improvements — Landscaping improvements can enhance curb appeal and attract potential buyers/tenants.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Paint · Paint appears faded in some areas.	Minor	$500–3,000
Kitchen cabinets · Cabinets appear dated and may need updating.	Moderate	$3,000–15,000
Bathroom fixtures · Fixtures appear dated and may need replacement.	Moderate	$3,000–15,000
Landscaping · Overgrown areas need trimming and planting.	Minor	$500–3,000
Total estimated repair cost · 4 items		$7,000–36,000

Value-add ROI direction

• Both Painting and updating kitchen cabinets — Painting and updating cabinets can improve both resale and rental value. ↑
• Both Updating bathroom fixtures — Updating fixtures can improve both resale and rental value. ↑
• Both Landscaping improvements — Landscaping improvements can enhance curb appeal and attract potential buyers/tenants. ↑

ⓘ 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: Morrill Public Schools
• NCES district ID: 3100097
• Math proficiency: 34% ▲ 4.00%
• Reading proficiency: 45% ▲ 5.00%
• Median HH income: $46,812
• Composite: 36.2/100
• National rank: #9447
• State rank: #216 of 245 in NE

Livability — Henry

• Score: 61/100
• State rank: #456
• US rank: #17816

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Henry, NE
• Population (ZIP): 1,976

Population outlook (Scotts Bluff County) Hauer SSP2

• Today (2025): 35,740 people
• By 2030: 35,229 · -1.4%
• By 2040: 34,160 · -4.4%
• By 2050: 33,656 · -5.8%
• By 2075: 35,257 · -1.4%
• By 2100: 39,158 · +9.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Hispanic / Latino 11% Two or more races 8% Native American 3%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Iranian 2% Romanian 1% Portuguese 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4% Other Asian/Pacific 1%

Political lean MEDSL · Scotts Bluff

• 2024 margin: Solid R (+47.7) · D 25.6% · R 73.4% · Other 1.0%
• 2008→2024 swing: -14.0pp toward R · 2008: -33.7pp · 2024: -47.7pp
• All cycles: 2024: R+47.7 2020: R+43.5 2016: R+48.9 2012: R+37.7 2008: R+33.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.77%
• Current HPI: 200.6174
• 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

+21.9% since first listed

11 events — show timeline

• 2026-05-20 Price Changed $73,000 WNBOR
• 2026-04-22 Price Changed $79,900 WNBOR
• 2026-03-25 Price Changed $84,900 WNBOR
• 2026-03-06 Price Changed $92,000 WNBOR
• 2026-02-03 Price Changed $99,900 WNBOR
• 2026-01-02 Price Changed $108,000 WNBOR
• 2025-11-28 Price Changed $114,900 WNBOR
• 2025-10-27 Price Changed $118,900 WNBOR
• 2025-09-24 Listed $124,900 WNBOR
• 2017-08-02 Sold (MLS) $52,500 WNBOR
• 2017-05-12 Listed $59,900 WNBOR