266 G St · Platte Center, NE 68653

$179,000

3 bd · 1.0 ba · 1,288 sqft · SingleFamily public records · 38 Days on market

Built 1900 6,600 sqft lot $139/sqft · 12% above area Est $176k · at est.

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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 +9.0/30.0
• Appreciation +7.1/10.0
• ARV discount +6.8/15.0
• Schools +4.6/10.0
• Livability +3.4/5.0
• DSCR +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.8/10.0

Listing remarks MLS

ADORABLE PLATTE CENTER HOME. JUST MOVE RIGHT IN AND ENJOY. THIS HOME HAS BEEN WELL CARED FOR. NEWER SIDING, NEWER SHINGLES & NEWER ENERGY EFFICIENT WINDOWS THROUGHOUT, MAIN FLOOR LAUNDRY. LARGE YARD WITH ESTABLISHED LAWN & LANDSCAPING.

Key facts

• Shed for storage
• 66x100 ft lot
• Built-in grill area

Tags

• LAUNDRY OFF KITCHEN
• UNFINISHED LOFT SPACE
• BUILT-IN GRILL AREA
• SHED FOR STORAGE
• 66X100 FT LOT

Property features AI

Exterior

• Parking: Carport
• Utilities: Public water; Public sewer; Electricity available
• Home design: Single-family residence; 1 story
• Construction: Frame construction with vinyl siding
• Exterior features: Composition roof; Shed(s) and storage

Interior

• Kitchen: Electric range; Microwave; Dishwasher; Electric water heater
• Bedrooms: 1 main-level bedroom
• Heating & cooling: Central air; Forced air heating; Natural gas and propane heating options
• Interior features: Eat-in kitchen; Window coverings
• Laundry & utility: Washer; Dryer; Electric dryer hookup on main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $179k.

Deal economics

• At list price, monthly cash flow is $-142 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $154k (14.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $122k (32.0% below list).
• Recommended offer: $122k (32.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#255 in NE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, amenities F, commute F.
• Lakeview Community Schools (rural): math 54% / reading 51% proficiency, ranked #49 of 111 in NE (top 44%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Shell Creek Elementary School (math 52% / reading 52%, grade C-, #200 of 502 statewide, top 46%, 338 students, 32% FRL); Lakeview Junior High School (math 52% / reading 52%, grade C+, #43 of 128 statewide, top 36%, 147 students, 42% FRL); Lakeview High School (math 57% / reading 52%, grade C-, #80 of 261 statewide, top 37%, 311 students, 36% FRL) — zoned schools at 36% FRL track the district average.
• Market conditions: 6 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 $9k of equity ($1k loan paydown + $7k appreciation (4.2% local appreciation)).
• Platte County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 5, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($174k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 11y 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.
• Current owner paid $52k; list at $179k implies a 241% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $121,649 (32.0% 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 38 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.68% ✗
• Cap rate: 5.34%
• Cash-on-cash: -3.41%
• DSCR: 0.85
• GRM: 12.3

CMA / ARV

• ARV (median comp): $176,336
• List price: $179,000
• Delta: 1.51%
• Verdict: FAIR
• Comps: 3 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
216 2nd St	0.35mi	2/1.0 (-1)	1,356 (+5%)	12mo	$150,500	$111	60

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

Projected returns pro-forma

4.18% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 7.7%
• Equity multiple: 1.48×
• Total profit: $23,826
• Equity at exit: $92,600

10-year hold

• IRR: 9.9%
• Equity multiple: 2.68×
• Total profit: $84,092
• Equity at exit: $152,944

Cash invested: $50,120 (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 68653

• Home prices YoY: 0.9%
• Active inventory: 6
• Price-to-rent: 12.3×

Monthly cashflow live

• Estimated rent: $1,216 medium
• Mortgage (P&I): −$939
• Tax from tax record: −$90 /mo · $1,080/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $-142

Break-even live

Break-even rent $1,397

Max offer price $153,871

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-18
   days on market $179,000 Active 38 DOM
2. 2026-06-17
   days on market $179,000 Active 37 DOM
3. 2026-06-16
   days on market $179,000 Active 36 DOM
4. 2026-06-15
   days on market $179,000 Active 35 DOM
5. 2026-06-13
   days on market $179,000 Active 33 DOM
6. 2026-06-12
   days on market $179,000 Active 32 DOM
7. 2026-06-09
   pricedays on market $179,000 Active 29 DOM
8. 2026-06-08
   days on market $182,000 Active 28 DOM
9. 2026-06-07
   days on market $182,000 Active 27 DOM
10. 2026-06-05
    days on market $182,000 Active 25 DOM
11. 2026-06-04
    days on market $182,000 Active 23 DOM
12. 2026-06-02
    days on market $182,000 Active 22 DOM
13. 2026-06-01
    days on market $182,000 Active 21 DOM
14. 2026-05-31
    days on market $182,000 Active 20 DOM
15. 2026-05-11
    listed $182,000 Active 571-char remark
16. 2026-03-06
    status Pending
17. 2026-02-27
    listed $165,000 Active
18. 2015-07-17
    soldstatus $52,500

    Show marketing remark (247 chars)

    ADORABLE PLATTE CENTER HOME. JUST MOVE RIGHT IN AND ENJOY. THIS HOME HAS BEEN WELL CARED FOR. NEWER SIDING, NEWER SHINGLES & NEWER ENERGY EFFICIENT WINDOWS THROUGHOUT, MAIN FLOOR LAUNDRY. LARGE YARD WITH ESTABLISHED LAWN & LANDSCAPING.

19. 2015-07-17
    soldstatus $52,500

    Show marketing remark (247 chars)

    ADORABLE PLATTE CENTER HOME. JUST MOVE RIGHT IN AND ENJOY. THIS HOME HAS BEEN WELL CARED FOR. NEWER SIDING, NEWER SHINGLES & NEWER ENERGY EFFICIENT WINDOWS THROUGHOUT, MAIN FLOOR LAUNDRY. LARGE YARD WITH ESTABLISHED LAWN & LANDSCAPING.

20. 2015-06-06
    listed $55,000

    Show marketing remark (247 chars)

    ADORABLE PLATTE CENTER HOME. JUST MOVE RIGHT IN AND ENJOY. THIS HOME HAS BEEN WELL CARED FOR. NEWER SIDING, NEWER SHINGLES & NEWER ENERGY EFFICIENT WINDOWS THROUGHOUT, MAIN FLOOR LAUNDRY. LARGE YARD WITH ESTABLISHED LAWN & LANDSCAPING.

21. 2007-08-17
    soldstatus $41,750
22. 2004-04-01
    soldstatus $43,900
23. 1999-06-01
    soldstatus $41,000

ⓘ 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: $1,080 · $90/mo
• Projected year-2 tax: $3,097 · $258/mo
• Expected delta: +$2,017/yr (+$168/mo · 186.7%)

ⓘ 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 ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,598
• − Mortgage interest: −$10,027
• − Property taxes: −$1,080
• − Insurance: −$895
• − Repairs & maintenance: −$1,168
• − Management: −$1,168
• − Depreciation: −$5,207
• Taxable loss: −$4,947
• Est. tax savings @ 24.0%: +$1,187
• After-tax cash flow: $-520/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: Lakeview Community Schools
• NCES district ID: 3100112
• Math proficiency: 54% ▼ -4.00%
• Reading proficiency: 51% ▲ 4.00%
• Median HH income: $62,283
• Composite: 46.05/100
• National rank: #2521
• State rank: #49 of 111 in NE

Livability — Platte Center

• Score: 68/100
• State rank: #255
• US rank: #9209

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Platte Center, NE
• Population (ZIP): 620

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 (96%)
• Race & ethnicity: White 96% Two or more races 2%
• Common ancestry: Romanian 12% Portuguese 2% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 99% English-only · Spanish 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: ▲ 4.18%
• Current HPI: 453.9112
• 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

+336.6% since first listed

10 events — show timeline

• 2026-06-09 Price Changed $179,000 CBOR
• 2026-05-11 Listed $182,000 CBOR
• 2026-03-06 Pending — CBOR
• 2026-02-27 Listed $165,000 CBOR
• 2015-07-17 Sold (Public Records) $52,500 Public Records
• 2015-07-17 Sold (MLS) $52,500 CBOR
• 2015-06-06 Listed $55,000 CBOR
• 2007-08-17 Sold (Public Records) $41,750 Public Records
• 2004-04-01 Sold (Public Records) $43,900 Public Records
• 1999-06-01 Sold (Public Records) $41,000 Public Records

Property tax history

+3.6%/yr

Latest (2025): $1,080 · +15.5% YoY. Source: county tax records.