212 E 2nd St · Lindsay, NE 68644

$125,000

3 bd · 1.0 ba · 1,216 sqft · SingleFamily public records · 11 Days on market

Built 1890 3,100 sqft lot

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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 +18.3/30.0
• Appreciation +7.8/10.0
• ARV discount +7.5/15.0
• DSCR +5.8/10.0
• Schools +5.0/10.0
• 1% rule +3.8/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Welcome home to this well-maintained property located in the quiet community of Lindsay with convenient access to Lindsay Corporation! This move-in ready home offers 3 bedrooms upstairs along with a newly remodeled main-level bathroom. The kitchen comes complete with appliances included, making your move even easier. You’ll appreciate the oversized 2-car garage offering plenty of room for vehicles, storage, hobbies, or workspace needs. Recent improvements including professionally cleaned carpets, fresh paint throughout most of the home, updated windows and siding within the past 20 years, roof replaced in 2022, HVAC new in 2025, and added attic insulation for improved efficiency. Smal

Key facts

• Fresh paint
• Updated windows
• Appliances included

Tags

• WELL MAINTAINED PROPERTY
• APPLIANCES INCLUDED
• OVERSIZED 2-CAR GARAGE
• PROFESSIONALLY CLEANED CARPETS
• FRESH PAINT
• UPDATED WINDOWS

Property features AI

Exterior

• Parking: Detached garage with garage door opener (1 car); Alley access
• Utilities: Public water; Public sewer; Natural gas available; Electricity available
• Home design: Single family residence; 2-story
• Construction: Brick and vinyl siding exterior; Composition roof
• Exterior features: Deck; Paved road with public maintenance; Sidewalks

Interior

• Kitchen: Electric range; Refrigerator
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Electric water heater; Crawl space basement; Smoke detector(s)
• Laundry & utility: Main level laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $115 ($1k/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 $110k (12.4% below list).
• Recommended offer: $110k (12.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 70/100 on livability (#209 in NE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: schools C-, health & safety C-, amenities F.
• Humphrey Public Schools (rural): math 55% / reading 55% proficiency, ranked #95 of 245 in NE (top 39%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: 7 active listings in the ZIP; 98 units permitted in Platte County in 2024 (17 in 5+ unit buildings).

Forward outlook

• In year one you build about $8k of equity ($864 loan paydown + $7k appreciation (5.7% local appreciation)).
• Platte County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (5.7% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 5y 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.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $109,553 (12.4% below list)

Questions for the listing agent

1. Built in 1890 — 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. 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.
4. 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.
5. 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: 0.88% ✗
• Cap rate: 7.40%
• Cash-on-cash: 3.95%
• DSCR: 1.18
• GRM: 9.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

5.67% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 17.8%
• Equity multiple: 2.17×
• Total profit: $40,960
• Equity at exit: $76,007

10-year hold

• IRR: 17.6%
• Equity multiple: 4.29×
• Total profit: $115,314
• Equity at exit: $135,667

Cash invested: $35,000 (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 68644

• Home prices YoY: 1.3%
• Active inventory: 7
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,096 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$43 /mo · $511/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$230
• Net cashflow: $115

Break-even live

Break-even rent $950

Max offer price $125,000

Occupancy floor 84%

Sensitivity live

Price	-10% $186	-5% $151	+0% $115	+5% $80	+10% $45
Rent	-10% $29	-5% $72	+0% $115	+5% $159	+10% $202
Rate	-1.0pp $178	-0.5pp $147	base $115	+0.5pp $83	+1.0pp $50

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-06-07
   statusdays on market $125,000 Pending 11 DOM
2. 2026-06-05
   days on market $125,000 Active 10 DOM
3. 2026-06-04
   days on market $125,000 Active 8 DOM
4. 2026-06-02
   days on market $125,000 Active 7 DOM
5. 2026-06-01
   days on market $125,000 Active 6 DOM
6. 2026-05-31
   days on market $125,000 Active 5 DOM
7. 2026-05-21
   listed $125,000 Active
8. 2021-03-26
   listed $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: $511 · $43/mo
• Projected year-2 tax: $2,162 · $180/mo
• Expected delta: +$1,651/yr (+$138/mo · 323.1%)

ⓘ 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 ≥102°F today · 17 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: $13,146
• − Mortgage interest: −$7,002
• − Property taxes: −$511
• − Insurance: −$625
• − Repairs & maintenance: −$1,052
• − Management: −$1,052
• − Depreciation: −$3,636
• Taxable loss: −$732
• Est. tax savings @ 24.0%: +$176
• After-tax cash flow: $1,559/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: Humphrey Public Schools
• NCES district ID: 3172150
• Math proficiency: 55% ▲ 10.00%
• Reading proficiency: 55% ▬ 0.00%
• Median HH income: $58,234
• Composite: 49.53/100
• National rank: #4286
• State rank: #95 of 245 in NE

Livability — Lindsay

• Score: 70/100
• State rank: #209
• US rank: #7551

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lindsay, NE
• Population (ZIP): 771

Population outlook (Platte County) Hauer SSP2

• Today (2025): 34,130 people
• By 2030: 34,778 · +1.9%
• By 2040: 36,436 · +6.8%
• By 2050: 38,648 · +13.2%
• By 2075: 47,293 · +38.6%
• By 2100: 57,020 · +67.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (99%)
• Race & ethnicity: White 99%
• Common ancestry: Romanian 5% Portuguese 1% Lithuanian 1%
• Foreign-born: 0%
• Languages at home: 98% English-only · Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Platte

• 2024 margin: Solid R (+58.3) · D 20.4% · R 78.7%
• 2008→2024 swing: -16.8pp toward R · 2008: -41.5pp · 2024: -58.3pp
• All cycles: 2024: R+58.3 2020: R+56.8 2016: R+58.8 2012: R+51.8 2008: R+41.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.67%
• Current HPI: 431.5946
• 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

+66.7% since first listed

2 events — show timeline

• 2026-05-21 Listed $125,000 CBOR
• 2021-03-26 Listed $75,000 CBOR

Property tax history

+2.2%/yr

Latest (2018): $511 · +4.0% YoY. Source: county tax records.