1404 11th St · Columbus, NE 68601

$159,000

4 bd · 2.0 ba · 1,764 sqft · SingleFamily public records · 36 Days on market

Built 1910 $90/sqft · 20% below area Est $223k · 29% 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 +19.6/30.0
• ARV discount +15.0/15.0
• DSCR +6.2/10.0
• 1% rule +5.2/10.0
• Livability +4.0/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Attention investors! Looking to expand your portfolio or begin your investment journey, this property is for you. This 1764 sq ft 1 1/2 story 4 bedroom 2 bath home sits on a corner lot with a detached garage. The initial work has already been started for you.

Key facts

• 2 garage spots
• Listed 36 days

Property features AI

Exterior

• Parking: Detached 2-car garage
• Home design: Single-family residence; One story
• Exterior features: Located in the Original subdivision

Interior

• Interior features: Basement

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $184 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).
• Recommended offer: $154k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 3.3% in Columbus — 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 80/100 on livability (#20 in NE, #1,633 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities D-, commute F.
• Columbus Public Schools (town): math 39% / reading 43% proficiency, ranked #93 of 111 in NE (top 84%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 301 active listings in the ZIP; 98 units permitted in Platte County in 2024 (17 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 $5k of value loss. Plan a longer hold.
• Platte County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $115k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $154,230 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.02% ✓
• Cap rate: 7.68%
• Cash-on-cash: 4.96%
• DSCR: 1.22
• GRM: 8.2

CMA / ARV

• ARV (median comp): $223,108
• List price: $159,000
• Delta: -28.73%
• 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
1709 12th St	0.21mi	3/2.0 (-1)	1,672 (-5%)	1mo	$195,000	$117	76
1464 22nd Ave	0.58mi	4/2.0	1,824 (+3%)	2mo	$165,000	$90	66
1715 15th St	0.33mi	3/2.0 (-1)	1,856 (+5%)	10mo	$225,000	$121	63
1708 17th St	0.46mi	3/1.0 (-1)	1,834 (+4%)	2mo	$219,000	$119	62
1022 2nd St	0.69mi	4/2.0	1,686 (-4%)	1mo	$299,900	$178	60
2109 7th St	0.57mi	3/2.0 (-1)	1,858 (+5%)	10mo	$210,000	$113	52
125 E Parkway Pkwy	0.73mi	4/2.0	1,879 (+6%)	6mo	$285,000	$152	50
2303 7th St	0.67mi	3/1.0 (-1)	1,796 (+2%)	9mo	$190,000	$106	49
117 S Rose Ln	0.70mi	3/2.0 (-1)	1,920 (+9%)	1mo	$245,000	$128	47
103 E Parkway	0.59mi	3/2.0 (-1)	1,953 (+11%)	5mo	$240,000	$123	45
353 14th Ave	0.56mi	3/1.0 (-1)	1,616 (-8%)	7mo	$175,000	$108	45
418 7th St	0.73mi	4/2.0	2,000 (+13%)	6mo	$275,000	$138	39

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -8.6%
• Equity multiple: 0.68×
• Total profit: $-14,029
• Equity at exit: $23,707

10-year hold

• IRR: 0.9%
• Equity multiple: 1.07×
• Total profit: $2,962
• Equity at exit: $13,747

Cash invested: $44,520 (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 68601

• Home prices YoY: -22.4%
• Active inventory: 301
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,623 medium
• Mortgage (P&I): −$834
• Tax from tax record: −$198 /mo · $2,375/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $184

Break-even live

Break-even rent $1,390

Max offer price $159,000

Occupancy floor 84%

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-06-04
   statusdays on market $159,000 Pending 36 DOM
2. 2026-06-02
   days on market $159,000 Active 35 DOM
3. 2026-06-01
   days on market $159,000 Active 34 DOM
4. 2026-05-31
   days on market $159,000 Active 33 DOM
5. 2026-05-18
   price $159,000 259-char remark
6. 2026-04-24
   listed $169,000 Active 259-char remark
7. 2017-07-03
   soldstatus $115,000
8. 2009-04-22
   soldstatus $60,800
9. 2005-09-30
   soldstatus $80,000

ⓘ 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: $2,375 · $198/mo
• Projected year-2 tax: $2,751 · $229/mo
• Expected delta: +$376/yr (+$31/mo · 15.8%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°F today · 16 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: $19,471
• − Mortgage interest: −$8,906
• − Property taxes: −$2,375
• − Insurance: −$795
• − Repairs & maintenance: −$1,558
• − Management: −$1,558
• − Depreciation: −$4,625
• Taxable loss: −$346
• Est. tax savings @ 24.0%: +$83
• After-tax cash flow: $2,290/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: Columbus Public Schools
• NCES district ID: 3105340
• Math proficiency: 39% ▼ -10.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $51,074
• Composite: 35.41/100
• National rank: #4942
• State rank: #93 of 111 in NE

Livability — Columbus

• Score: 80/100
• State rank: #20
• US rank: #1633

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Columbus, NE
• City population: 30,619
• Population (ZIP): 30,619

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 (71%)
• Race & ethnicity: White 71% Hispanic / Latino 25% Two or more races 14%
• Hispanic origin (detail): Mexican 14% Cuban 2%
• Common ancestry: Romanian 7% Portuguese 2% Lithuanian 1%
• Foreign-born: 14% · Canada
• Languages at home: 79% English-only · Spanish 20%

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: ▼ -100.37%
• Current HPI: 347.5063
• 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

+98.8% since first listed

6 events — show timeline

• 2026-06-04 Pending — CBOR
• 2026-05-18 Price Changed $159,000 CBOR
• 2026-04-24 Listed $169,000 CBOR
• 2017-07-03 Sold (Public Records) $115,000 Public Records
• 2009-04-22 Sold (Public Records) $60,800 Public Records
• 2005-09-30 Sold (Public Records) $80,000 Public Records

Property tax history

+3.8%/yr

Latest (2025): $2,375 · +7.0% YoY. Source: county tax records.