13 Hillcrest Ct

Ogallala, NE 69153

$7,500C-

3 bd · 2.0 ba · 1,008 sqft · Built 1986 · SingleFamily · Active · 39 DOM

Cashflow @ list (25.0% down · 7.5%)

• Estimated rent: $1,974/mo
• Mortgage (P&I): −$39
• Tax + insurance: −$9
• HOA: −$0
• Vac / Maint / Mgmt: −$415
• Net cashflow: $1,511/mo
• Annual: $18,132/yr
• Cap rate: 248.05%
• Cash-on-cash: 863.41%
• DSCR: 39.42
• 1% rule: 26.32%
• Cash to close: $2,100

Investor read

• This is a 3-bed/2.0-bath single-family listed at $8k.
• At list price, monthly cash flow is $2k ($18k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $8k).
• It's been on market 39 days — a 3% lower offer ($7k) is reasonable based on typical stale-listing flexibility.
• Recommended offer: $7k (3.0% below list) — sets the bar for market timing.
• In year one you build about $802 of equity ($52 loan paydown + $750 appreciation (10.0% local appreciation)).
• Location reads 70/100 on livability (#223 in NE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D, amenities F, commute 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: 10 active listings in the ZIP; 38 units permitted in Keith County in 2024 (0 in 5+ unit buildings).
• Keith County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $2k cash investment doubles in ~1 year — after that, you're playing with house money.

Questions for listing agent

• It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
• Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
• 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.
• 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.
• 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.