17048 Craig St · Omaha, NE 68007

$419,990

4 bd · 3.5 ba · 2,452 sqft · Other · 148 Days on market

Built 2025 8,320 sqft lot ↓ 42% since listing

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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 +10.3/30.0
• ARV discount +7.5/15.0
• Schools +6.1/10.0
• Livability +4.2/5.0
• Rent growth +4.0/5.0
• DSCR +3.0/10.0
• Condition / age +2.5/5.0
• 1% rule +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the Reagan in Majestic Pointe ll - featuring 4 bedrooms, 3.5 bathrooms, and 2,452 sq. ft. of finished living space, including a finished basement. The open-concept layout is ideal for entertaining, with a large living room and cozy electric fireplace, plus a spacious kitchen with white cabinetry, stainless steel appliances, and a large island. The primary suite offers a luxurious retreat with a dual-sink vanity, walk-in shower, and walk-in closet with natural light. Two additional bedrooms share a full bath with dual sinks and a separate water closet. The lower level includes a fourth bedroom, third full bath, and a generous rec room, perfect for relaxing or hosting. Includes 3-car garage, laundry room, and smart home features. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

Key facts

• Walk-in closet
• Finished basement
• Large island

Tags

• FINISHED BASEMENT
• LARGE ISLAND
• ENSUITE BATHROOM
• WALK-IN CLOSET
• FINISHED LOWER LEVEL
• TONS OF STORAGE SPACE

What this means for you Summary

Snapshot

• This is a 4-bed/3.5-bath other listed at $420k.

Deal economics

• At list price, monthly cash flow is $-228 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $380k (9.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $281k (33.1% below list).
• Recommended offer: $281k (33.1% below list) — sets the bar for 1% rule.
• Cap rate 5.6% 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.
• Bennington Public Schools (rural): math 67% / reading 67% proficiency, ranked #3 of 111 in NE (top 3%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 6% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising fast (+5.9%/yr); 468 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 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 $3k of loan paydown is wiped out by about $13k 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

• It's been on market 148 days — a 12% lower offer ($370k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask is 4% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $280,986 (33.1% 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 148 days. Have you received any prior offers? Is the seller open to a 33% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.67% ✗
• Cap rate: 5.64%
• Cash-on-cash: -2.33%
• DSCR: 0.90
• GRM: 12.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.88% rent growth · sell at horizon

5-year hold

• IRR: -17.6%
• Equity multiple: 0.37×
• Total profit: $-74,445
• Equity at exit: $62,622

10-year hold

• IRR: -5.7%
• Equity multiple: 0.59×
• Total profit: $-48,028
• Equity at exit: $36,313

Cash invested: $117,597 (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 68007

• Home prices YoY: -19.4%
• Rents YoY: 5.9%
• Active inventory: 468
• Price-to-rent: 12.5×

Monthly cashflow live

• Estimated rent: $2,810 medium
• Mortgage (P&I): −$2,202
• Tax from tax record: −$70 /mo · $845/yr
• Insurance: −$175
• HOA: −$0
• Vacancy / Maint / Mgmt: −$590
• Net cashflow: $-228

Break-even live

Break-even rent $3,099

Max offer price $379,693

Occupancy floor —

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: $104,998
• Closing costs: $12,600
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7308 N 167th Ave Bennington, NE	4.0	3.0	2213	$3,000	$1.36	1d	1	0.39mi
17451 Tucker St Bennington, NE	3.0	3.5	2442	$3,100	$1.27	23d	1	0.59mi
16333 Potter St Bennington, NE	3.0	2.0	1618	$3,200	$1.98	1d	1	0.60mi
6220 N 160th Ave Omaha, NE	1.0–3.0	1.0–2.5	1137	$2,690	$2.36	1d	13	1.37mi

Listing history 12 events

1. 2026-05-07
   status Pending 852-char remark

   Show marketing remark (852 chars)

   Welcome to the Reagan in Majestic Pointe ll - featuring 4 bedrooms, 3.5 bathrooms, and 2,452 sq. ft. of finished living space, including a finished basement. The open-concept layout is ideal for entertaining, with a large living room and cozy electric fireplace, plus a spacious kitchen with white cabinetry, stainless steel appliances, and a large island. The primary suite offers a luxurious retreat with a dual-sink vanity, walk-in shower, and walk-in closet with natural light. Two additional bedrooms share a full bath with dual sinks and a separate water closet. The lower level includes a fourth bedroom, third full bath, and a generous rec room, perfect for relaxing or hosting. Includes 3-car garage, laundry room, and smart home features. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

2. 2026-05-04
   price $419,990 852-char remark

   Show marketing remark (852 chars)

   Welcome to the Reagan in Majestic Pointe ll - featuring 4 bedrooms, 3.5 bathrooms, and 2,452 sq. ft. of finished living space, including a finished basement. The open-concept layout is ideal for entertaining, with a large living room and cozy electric fireplace, plus a spacious kitchen with white cabinetry, stainless steel appliances, and a large island. The primary suite offers a luxurious retreat with a dual-sink vanity, walk-in shower, and walk-in closet with natural light. Two additional bedrooms share a full bath with dual sinks and a separate water closet. The lower level includes a fourth bedroom, third full bath, and a generous rec room, perfect for relaxing or hosting. Includes 3-car garage, laundry room, and smart home features. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

3. 2026-04-23
   price $414,990 852-char remark

   Show marketing remark (852 chars)

   Welcome to the Reagan in Majestic Pointe ll - featuring 4 bedrooms, 3.5 bathrooms, and 2,452 sq. ft. of finished living space, including a finished basement. The open-concept layout is ideal for entertaining, with a large living room and cozy electric fireplace, plus a spacious kitchen with white cabinetry, stainless steel appliances, and a large island. The primary suite offers a luxurious retreat with a dual-sink vanity, walk-in shower, and walk-in closet with natural light. Two additional bedrooms share a full bath with dual sinks and a separate water closet. The lower level includes a fourth bedroom, third full bath, and a generous rec room, perfect for relaxing or hosting. Includes 3-car garage, laundry room, and smart home features. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

4. 2026-04-16
   status Back On Market 852-char remark

   Show marketing remark (852 chars)

   Welcome to the Reagan in Majestic Pointe ll - featuring 4 bedrooms, 3.5 bathrooms, and 2,452 sq. ft. of finished living space, including a finished basement. The open-concept layout is ideal for entertaining, with a large living room and cozy electric fireplace, plus a spacious kitchen with white cabinetry, stainless steel appliances, and a large island. The primary suite offers a luxurious retreat with a dual-sink vanity, walk-in shower, and walk-in closet with natural light. Two additional bedrooms share a full bath with dual sinks and a separate water closet. The lower level includes a fourth bedroom, third full bath, and a generous rec room, perfect for relaxing or hosting. Includes 3-car garage, laundry room, and smart home features. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

5. 2026-04-10
   status Pending 852-char remark

   Show marketing remark (852 chars)

   Welcome to the Reagan in Majestic Pointe ll - featuring 4 bedrooms, 3.5 bathrooms, and 2,452 sq. ft. of finished living space, including a finished basement. The open-concept layout is ideal for entertaining, with a large living room and cozy electric fireplace, plus a spacious kitchen with white cabinetry, stainless steel appliances, and a large island. The primary suite offers a luxurious retreat with a dual-sink vanity, walk-in shower, and walk-in closet with natural light. Two additional bedrooms share a full bath with dual sinks and a separate water closet. The lower level includes a fourth bedroom, third full bath, and a generous rec room, perfect for relaxing or hosting. Includes 3-car garage, laundry room, and smart home features. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

6. 2026-04-09
   price $409,990 852-char remark

   Show marketing remark (852 chars)

   Welcome to the Reagan in Majestic Pointe ll - featuring 4 bedrooms, 3.5 bathrooms, and 2,452 sq. ft. of finished living space, including a finished basement. The open-concept layout is ideal for entertaining, with a large living room and cozy electric fireplace, plus a spacious kitchen with white cabinetry, stainless steel appliances, and a large island. The primary suite offers a luxurious retreat with a dual-sink vanity, walk-in shower, and walk-in closet with natural light. Two additional bedrooms share a full bath with dual sinks and a separate water closet. The lower level includes a fourth bedroom, third full bath, and a generous rec room, perfect for relaxing or hosting. Includes 3-car garage, laundry room, and smart home features. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

7. 2026-03-20
   price $414,990 852-char remark

   Show marketing remark (852 chars)

   Welcome to the Reagan in Majestic Pointe ll - featuring 4 bedrooms, 3.5 bathrooms, and 2,452 sq. ft. of finished living space, including a finished basement. The open-concept layout is ideal for entertaining, with a large living room and cozy electric fireplace, plus a spacious kitchen with white cabinetry, stainless steel appliances, and a large island. The primary suite offers a luxurious retreat with a dual-sink vanity, walk-in shower, and walk-in closet with natural light. Two additional bedrooms share a full bath with dual sinks and a separate water closet. The lower level includes a fourth bedroom, third full bath, and a generous rec room, perfect for relaxing or hosting. Includes 3-car garage, laundry room, and smart home features. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

8. 2026-02-10
   price $419,990 852-char remark

   Show marketing remark (852 chars)

   Welcome to the Reagan in Majestic Pointe ll - featuring 4 bedrooms, 3.5 bathrooms, and 2,452 sq. ft. of finished living space, including a finished basement. The open-concept layout is ideal for entertaining, with a large living room and cozy electric fireplace, plus a spacious kitchen with white cabinetry, stainless steel appliances, and a large island. The primary suite offers a luxurious retreat with a dual-sink vanity, walk-in shower, and walk-in closet with natural light. Two additional bedrooms share a full bath with dual sinks and a separate water closet. The lower level includes a fourth bedroom, third full bath, and a generous rec room, perfect for relaxing or hosting. Includes 3-car garage, laundry room, and smart home features. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

9. 2026-02-06
   price $414,990 852-char remark

   Show marketing remark (852 chars)

   Welcome to the Reagan in Majestic Pointe ll - featuring 4 bedrooms, 3.5 bathrooms, and 2,452 sq. ft. of finished living space, including a finished basement. The open-concept layout is ideal for entertaining, with a large living room and cozy electric fireplace, plus a spacious kitchen with white cabinetry, stainless steel appliances, and a large island. The primary suite offers a luxurious retreat with a dual-sink vanity, walk-in shower, and walk-in closet with natural light. Two additional bedrooms share a full bath with dual sinks and a separate water closet. The lower level includes a fourth bedroom, third full bath, and a generous rec room, perfect for relaxing or hosting. Includes 3-car garage, laundry room, and smart home features. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

10. 2026-01-27
    price $409,990 852-char remark

    Show marketing remark (852 chars)

    Welcome to the Reagan in Majestic Pointe ll - featuring 4 bedrooms, 3.5 bathrooms, and 2,452 sq. ft. of finished living space, including a finished basement. The open-concept layout is ideal for entertaining, with a large living room and cozy electric fireplace, plus a spacious kitchen with white cabinetry, stainless steel appliances, and a large island. The primary suite offers a luxurious retreat with a dual-sink vanity, walk-in shower, and walk-in closet with natural light. Two additional bedrooms share a full bath with dual sinks and a separate water closet. The lower level includes a fourth bedroom, third full bath, and a generous rec room, perfect for relaxing or hosting. Includes 3-car garage, laundry room, and smart home features. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

11. 2025-12-04
    listed $404,990 New 852-char remark

    Show marketing remark (852 chars)

    Welcome to the Reagan in Majestic Pointe ll - featuring 4 bedrooms, 3.5 bathrooms, and 2,452 sq. ft. of finished living space, including a finished basement. The open-concept layout is ideal for entertaining, with a large living room and cozy electric fireplace, plus a spacious kitchen with white cabinetry, stainless steel appliances, and a large island. The primary suite offers a luxurious retreat with a dual-sink vanity, walk-in shower, and walk-in closet with natural light. Two additional bedrooms share a full bath with dual sinks and a separate water closet. The lower level includes a fourth bedroom, third full bath, and a generous rec room, perfect for relaxing or hosting. Includes 3-car garage, laundry room, and smart home features. Visit today for a personal tour! Ask about builder incentives with preferred lender. Photos similar to.

12. 2025-08-08
    soldstatus $721,000

ⓘ 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: $845 · $70/mo
• Projected year-2 tax: $7,266 · $605/mo
• Expected delta: +$6,421/yr (+$535/mo · 759.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $33,718
• − Mortgage interest: −$23,526
• − Property taxes: −$845
• − Insurance: −$2,100
• − Repairs & maintenance: −$2,697
• − Management: −$2,697
• − Depreciation: −$12,218
• Taxable loss: −$10,366
• Est. tax savings @ 24.0%: +$2,488
• After-tax cash flow: $-250/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: Bennington Public Schools
• NCES district ID: 3103990
• Math proficiency: 67% ▼ -6.00%
• Reading proficiency: 67% ▼ -7.00%
• Median HH income: $87,771
• Composite: 60.5/100
• National rank: #843
• State rank: #3 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

• County: Douglas County · 538,646 people
• City population: 552,986
• Metro: Omaha-Council Bluffs, NE-IA
• Population (ZIP): 19,536
• Household income: $141,042
• Rent vs Own: 7.5% rent · 92.5% own
• Severe rent burden: 107.0

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: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 6% Two or more races 5% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Iranian 4% Romanian 4% Italian 3%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 3% Other Indo-European 1% Russian/Polish/Slavic 1%

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: ▼ -60.06%
• Current HPI: 250.3443
• Rent YoY: ▲ 5.88%
• 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

-41.7% since first listed

12 events — show timeline

• 2026-05-07 Pending — GPRMLS
• 2026-05-04 Price Changed $419,990 GPRMLS
• 2026-04-23 Price Changed $414,990 GPRMLS
• 2026-04-16 Relisted — GPRMLS
• 2026-04-10 Pending — GPRMLS
• 2026-04-09 Price Changed $409,990 GPRMLS
• 2026-03-20 Price Changed $414,990 GPRMLS
• 2026-02-10 Price Changed $419,990 GPRMLS
• 2026-02-06 Price Changed $414,990 GPRMLS
• 2026-01-27 Price Changed $409,990 GPRMLS
• 2025-12-04 Listed $404,990 GPRMLS
• 2025-08-08 Sold (Public Records) $721,000 Public Records

Property tax history

+79.0%/yr

Latest (2025): $845 · +94.4% YoY. Source: county tax records.