1514 N 70 Ave · Omaha, NE 68104

$150,000

3 bd · 1.0 ba · 960 sqft · SingleFamily public records · 4 Days on market

Built 1953 6,970 sqft lot $156/sqft · 11% below area Est $169k · 11% 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).

• Cash flow +16.0/30.0
• ARV discount +12.7/15.0
• DSCR +5.0/10.0
• Schools +4.7/10.0
• 1% rule +4.5/10.0
• Livability +4.2/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Located in sought-after District 66, this 3-bedroom, 1-bath home offers a great opportunity for an owner-occupant looking to build equity or an investor seeking their next project. The property features an attached 2-car garage, functional layout, and solid potential throughout. With some TLC and updating, this home could truly shine. Conveniently located near shopping, dining, parks, and quick interstate access. Bring your vision and make this one your own!

Key facts

• 6,970 sq ft lot
• 2 garage spots
• Built 1953

Tags

• ATTACHED 2-CAR GARAGE
• QUICK INTERSTATE ACCESS

Property features AI

Exterior

• Parking: Attached 2-car garage (2 covered spaces)
• Utilities: Public water; Sewer available; Electricity available on property; Natural gas available; Phone available; Cable available
• Home design: Single family residence; Residential property; Not new / not a model
• Construction: Vinyl siding; Composition roof; Slab foundation; Built in 1953
• Exterior features: Wood fencing; Corner city lot; Lot up to 1/4 acre (approximately 0.16 acres)

Interior

• Kitchen: Range; Refrigerator; Dishwasher
• Bedrooms: Master bedroom on the main floor; Second bedroom on the main floor; Third bedroom on the main floor
• Flooring: Carpet
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Natural gas forced air heating; Central air conditioning
• Interior features: No basement; No fireplaces
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $75 ($902/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 $143k (4.8% below list).
• Recommended offer: $143k (4.8% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 3.6% in Omaha — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 84/100 on livability (#7 in NE, #663 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F.
• Westside Community Schools (urban): math 51% / reading 56% proficiency, ranked #45 of 111 in NE (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Hillside Elementary School (math 36% / reading 47%, grade F, #342 of 502 statewide, top 68%, 372 students, 43% FRL); Westside Middle School (math 58% / reading 54%, grade B-, #28 of 128 statewide, top 22%, 979 students, 39% FRL); Westside High School (math 49% / reading 55%, grade D+, #98 of 261 statewide, top 40%, 2,106 students, 33% FRL).
• Market conditions: Rents rising (+2.4%/yr); 172 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 4,539 units permitted in Douglas County in 2024 (2,583 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Douglas County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $142,832 (4.8% below list)

Questions for the listing agent

1. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.95% ✗
• Cap rate: 6.89%
• Cash-on-cash: 2.15%
• DSCR: 1.10
• GRM: 8.8

CMA / ARV

• ARV (median comp): $169,416
• List price: $150,000
• Delta: -11.46%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1514 N 70 Ave	0.00mi	3/1.0	960 (0%)	1mo	$153,000	$159	100
6638 Decatur St	0.34mi	3/1.0	960 (0%)	5mo	$160,000	$167	80
6911 Lafayette Ave	0.22mi	3/1.0	864 (-10%)	4mo	$185,000	$214	70
2030 N 68th St	0.38mi	2/1.0 (-1)	952 (-1%)	9mo	$170,000	$179	68
6658 Decatur St	0.28mi	2/1.0 (-1)	903 (-6%)	6mo	$178,000	$197	67
6615 Charles St	0.35mi	2/1.0 (-1)	864 (-10%)	4mo	$168,900	$195	59
6615 Seward St	0.35mi	3/1.0	1,104 (+15%)	1mo	$194,000	$176	58
2316 N 69th St	0.44mi	2/2.0 (-1)	1,018 (+6%)	7mo	$200,000	$196	55
7324 Miami St	0.71mi	2/1.0 (-1)	943 (-2%)	9mo	$101,000	$107	52
2631 N 69 St	0.68mi	2/1.0 (-1)	905 (-6%)	9mo	$215,000	$238	46
6123 Seward St	0.70mi	3/1.0	1,080 (+12%)	8mo	$163,000	$151	39
2302 N 64th St	0.68mi	2/2.0 (-1)	1,088 (+13%)	1mo	$127,500	$117	36

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 · 2.35% rent growth · sell at horizon

5-year hold

• IRR: -13.6%
• Equity multiple: 0.51×
• Total profit: $-20,418
• Equity at exit: $22,365

10-year hold

• IRR: -5.8%
• Equity multiple: 0.64×
• Total profit: $-15,247
• Equity at exit: $12,969

Cash invested: $42,000 (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 68104

• Rents YoY: 2.4%
• Active inventory: 172
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,428 high
• Mortgage (P&I): −$787
• Tax from tax record: −$204 /mo · $2,449/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $75

Break-even live

Break-even rent $1,333

Max offer price $150,000

Occupancy floor 90%

Sensitivity live

Price	-10% $160	-5% $118	+0% $75	+5% $33	+10% $-10
Rent	-10% $-38	-5% $19	+0% $75	+5% $132	+10% $188
Rate	-1.0pp $151	-0.5pp $113	base $75	+0.5pp $36	+1.0pp $-3

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7303 Decatur St Unit 7303/04 Omaha, NE	2.0	1.0	850	$925	$1.09	3d	1	0.23mi
7402 Blondo St Omaha, NE	2.0	1.0	1000	$895	$0.90	44d	1	0.40mi
7349 Grant St Omaha, NE	1.0–2.0	1.0–2.0	967	$1,350	$1.40	3d	6	0.42mi
7602 Parker St Omaha, NE	3.0	2.0	1050	$1,700	$1.62	44d	1	0.53mi
7602 Parker St Omaha, NE	3.0	2.0	1040	$1,695	$1.63	3d	1	0.53mi
2316 N 65th Ave Omaha, NE	2.0	1.5	884	$1,500	$1.70	21d	1	0.62mi
6241 Decatur St Omaha, NE	3.0	1.0	866	$1,595	$1.84	11d	1	0.68mi
7610 Ohio Plz Omaha, NE	2.0	1.0–1.5	1050	$1,138	$1.08	44d	1	0.73mi
2303 Benson Gardens Blvd Omaha, NE	2.0	1.0–2.0	800	$1,275	$1.59	3d	14	0.77mi
6066 Charles St Omaha, NE	2.0	1.0	910	$1,700	$1.87	19d	1	0.80mi
7079 Binney St Omaha, NE	2.0	1.0	840	$1,500	$1.79	24d	1	0.81mi
7316 Maple St Omaha, NE	1.0–2.0	1.0	850	$1,095	$1.29	44d	10	0.82mi
7311 Wirt Cir Omaha, NE	1.0–2.0	1.0	850	$1,045	$1.23	24d	11	0.87mi
6704 Binney St Unit 67045 Omaha, NE	2.0	1.0	800	$850	$1.06	15d	1	0.88mi
6990 Dodge St Omaha, NE	2.0	1.0–2.0	947	$1,495	$1.58	3d	3	0.88mi
1210 N 60th St Unit 4 Omaha, NE	2.0	1.0	900	$1,400	$1.56	44d	1	0.90mi
6539 Binney St Omaha, NE	2.0	1.0	720	$1,300	$1.81	24d	1	0.91mi
5833 Lafayette Ave Unit 5833 Omaha, NE	2.0	1.0	900	$1,295	$1.44	24d	1	0.95mi
1920 Robertson Dr Omaha, NE	2.0	1.0	1100	$1,038	$0.94	44d	5	0.95mi
6152 Military Ave Omaha, NE	2.0	1.0–2.0	785	$1,599	$2.04	3d	6	1.10mi
8004 Farnam Dr Omaha, NE	2.0	1.0–2.0	860	$2,647	$3.08	3d	24	1.33mi
3333 N 61st St Unit 3331 Omaha, NE	2.0	1.0	1077	$1,050	$0.97	12d	1	1.35mi
670 S 69th St Omaha, NE	3.0	1.0	1014	$1,650	$1.63	3d	1	1.40mi
6020 Birch St Unit 6 Omaha, NE	2.0	1.0	800	$1,150	$1.44	44d	1	1.43mi

Listing history 3 events

1. 2026-05-10
   status Pending 462-char remark
2. 2026-05-06
   listed $150,000 New 462-char remark
3. 2001-12-31
   soldstatus $75,000

ⓘ 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: $2,449 · $204/mo
• Projected year-2 tax: $2,595 · $216/mo
• Expected delta: +$146/yr (+$12/mo · 5.9%)

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,140
• − Mortgage interest: −$8,402
• − Property taxes: −$2,449
• − Insurance: −$750
• − Repairs & maintenance: −$1,371
• − Management: −$1,371
• − Depreciation: −$4,364
• Taxable loss: −$1,568
• Est. tax savings @ 24.0%: +$376
• After-tax cash flow: $1,278/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: Westside Community Schools
• NCES district ID: 3178660
• Math proficiency: 51% ▼ -8.00%
• Reading proficiency: 56% ▼ -4.00%
• Median HH income: $58,995
• Composite: 46.53/100
• National rank: #2429
• State rank: #45 of 111 in NE

Livability — Omaha

• Score: 84/100
• State rank: #7
• US rank: #663

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Omaha, NE
• County: Douglas County · 538,646 people
• City population: 552,986
• Metro: Omaha-Council Bluffs, NE-IA
• Population (ZIP): 36,673
• Household income: $60,549
• Rent vs Own: 42.2% rent · 57.8% own
• Severe rent burden: 1738.0

Population outlook (Douglas County) Hauer SSP2

• Today (2025): 625,245 people
• By 2030: 661,613 · +5.8%
• By 2040: 732,395 · +17.1%
• By 2050: 801,988 · +28.3%
• By 2075: 968,637 · +54.9%
• By 2100: 1,101,871 · +76.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: White 50% Black 23% Asian 12% Two or more races 11% Hispanic / Latino 7%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Lithuanian 2% Romanian 2%
• Foreign-born: 13% · Philippines, Canada, India
• Languages at home: 83% English-only · Other Asian/Pacific 8% Spanish 5% Other Indo-European 2%

Political lean MEDSL · Douglas

• 2024 margin: D (+10.2) · D 54.4% · R 44.2% · Other 1.4%
• 2008→2024 swing: +5.5pp toward D · 2008: 4.6pp · 2024: 10.2pp
• All cycles: 2024: D+10.2 2020: D+11.3 2016: D+1.4 2012: R+4.3 2008: D+4.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -196.54%
• Current HPI: 298.8625
• Rent YoY: ▲ 2.35%
• Metro: Omaha-Council Bluffs, NE-IA
• 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

+104.0% since first listed

4 events — show timeline

• 2026-06-03 Sold (MLS) $153,000 GPRMLS
• 2026-05-10 Pending — GPRMLS
• 2026-05-06 Listed $150,000 GPRMLS
• 2001-12-31 Sold (Public Records) $75,000 Public Records

Property tax history

+2.3%/yr

Latest (2025): $2,449 · -2.7% YoY. Source: county tax records.