5418 Northwest Dr · Omaha, NE 68104

$120,000

3 bd · 1.5 ba · 1,420 sqft · SingleFamily public records · 2 Days on market

Built 1954 6,555 sqft lot Est $200k · 40% under

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Why this score? — see what drove the B 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 +28.7/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• Livability +4.2/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks

Fixer-Upper Opportunity! This ranch-style home offers great potential with 3 bedrooms, 1.5 bathrooms, and a 1-car attached garage. Features include hardwood floors throughout and a flat backyard perfect for entertaining, gardening, or future outdoor improvements. With solid bones and plenty of charm, this property is ideal for investors, flippers, or buyers looking to add their personal touch. Convenient layout and endless possibilities make this a great opportunity to build equity and create your dream home!

Key facts

• Flat backyard
• Convenient layout
• Hardwood floors

Tags

• HARDWOOD FLOORS
• FLAT BACKYARD
• CONVENIENT LAYOUT

Property features AI

Exterior

• Parking: Attached garage (1 covered space)
• Utilities: Public water; Public sewer; Electricity available; Natural gas available
• Home design: Single-family residence; Concrete block foundation; Aluminum siding; Composition roof; Built in 1954; Approx. 1,420 total finished square feet with about 1,020 above grade and 400 below grade
• Construction: Aluminum siding construction; Block foundation; Composition roof; Year built: 1954
• Exterior features: Patio; Partial chain-link fencing; City lot (approximately 0.15 acres, 57' x 115')

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Master bedroom on main floor with wall-to-wall carpeting (approx. 9.1' x 10.9'); Second bedroom on main floor with wall-to-wall carpeting (approx. 9.1' x 9.4'); Third bedroom on main floor with wall-to-wall carpeting (approx. 9.1' x 10.9')
• Flooring: Wood; Vinyl; Concrete
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Wood-burning fireplace (1); Full basement, partially finished
• Laundry & utility: Basement utility space

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $401 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Cap rate 10.3% 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.
• Omaha Public Schools (urban): math 20% / reading 28% proficiency, ranked #110 of 111 in NE (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Fontenelle Elementary School (math 8% / reading 16%, grade F, #489 of 502 statewide, top 98%, 457 students, 0% FRL); Monroe Middle School (math 8% / reading 15%, grade F, #127 of 128 statewide, top 99%, 769 students, 0% FRL); Benson High School (math 9% / reading 12%, grade F, #257 of 261 statewide, top 98%, 1,570 students, 0% FRL) — zoned schools average 0% FRL vs 62% district-wide (62 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 11% at this address vs 24% district-wide (-13 pts) — the specific schools serving this property underperform the Omaha Public Schools average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+2.4%/yr); 172 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 4,539 units permitted in Douglas County in 2024 (2,583 in 5+ unit buildings).
• This rent runs 33% of the median local income ($61k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $830 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.
• At projected returns (-3.0% appreciation + 2.4% rent growth), your $34k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $40k; list at $120k implies a 196% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $120,000

Questions for the listing agent

1. Built in 1954 — 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: 1.39% ✓
• Cap rate: 10.30%
• Cash-on-cash: 14.30%
• DSCR: 1.64
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $200,220
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5236 Ames Ave	0.16mi	3/2.0	1,400 (-1%)	5mo	$190,000	$136	84
4606 N 54th Cir	0.20mi	4/1.5 (+1)	1,424 (+0%)	1mo	$255,000	$179	84
4408 N 56 St	0.18mi	3/1.0	1,547 (+9%)	5mo	$145,000	$94	70
5002 N 54th St	0.44mi	3/1.5	1,301 (-8%)	1mo	$147,663	$113	65
5839 Sprague St	0.34mi	3/1.0	1,260 (-11%)	3mo	$180,000	$143	61
3544 N 53 St	0.39mi	3/1.5	1,591 (+12%)	2mo	$225,000	$141	60
3414 N 49 St	0.72mi	3/1.5	1,448 (+2%)	4mo	$235,000	$162	60
6120 Manderson St	0.62mi	2/1.5 (-1)	1,347 (-5%)	5mo	$175,000	$130	54
4818 Grand Ave	0.70mi	3/2.0	1,510 (+6%)	2mo	$102,000	$68	53
4624 N 61 St	0.56mi	3/3.0	1,542 (+9%)	3mo	$237,000	$154	51
5626 Fowler Ave	0.32mi	4/2.0 (+1)	1,626 (+14%)	5mo	$255,000	$157	50
5020 Bedford Ave	0.70mi	3/2.0	1,607 (+13%)	4mo	$205,000	$128	40

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: 3.9%
• Equity multiple: 1.15×
• Total profit: $5,059
• Equity at exit: $17,892

10-year hold

• IRR: 12.8%
• Equity multiple: 1.99×
• Total profit: $33,185
• Equity at exit: $10,375

Cash invested: $33,600 (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: 6.0×

Monthly cashflow live

• Estimated rent: $1,666 high
• Mortgage (P&I): −$629
• Tax from tax record: −$236 /mo · $2,833/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $401

Break-even live

Break-even rent $1,159

Max offer price $120,000

Occupancy floor 71%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4114 N 54th St Omaha, NE	3.0	2.0	1683	$1,745	$1.04	3d	1	0.10mi
5119 Pratt St Omaha, NE	3.0	1.0	1008	$1,900	$1.88	44d	1	0.47mi
4852 Boyd St Omaha, NE	2.0	2.0	912	$1,500	$1.64	44d	1	0.53mi
4918 Ames Ave Unit 17 Omaha, NE	2.0	1.5	1074	$850	$0.79	24d	1	0.54mi
6010 Evans St Omaha, NE	3.0	2.0	1196	$1,850	$1.55	24d	1	0.59mi
3808 N 48th St Omaha, NE	3.0	2.0	1400	$2,000	$1.43	3d	1	0.70mi
3204 N 56th St Omaha, NE	3.0	2.0	1800	$1,700	$0.94	10d	1	0.72mi
6116 Pinkney St Omaha, NE	3.0	1.5	1700	$1,800	$1.06	12d	1	0.72mi
3333 N 61st St Unit 3331 Omaha, NE	2.0	1.0	1077	$1,050	$0.97	12d	1	0.73mi
4657 Camden Ave Omaha, NE	3.0	1.0	1250	$1,500	$1.20	44d	1	0.85mi
3508 N 47th Ave Omaha, NE	3.0	1.0	1425	$1,600	$1.12	19d	1	0.85mi
3535 N 45th Ave Omaha, NE	3.0	1.0	1325	$1,800	$1.36	44d	1	0.96mi
6405 Parkview Ln Omaha, NE	3.0	1.5	1718	$1,950	$1.14	44d	1	0.97mi
2914 N 49th Ave Omaha, NE	3.0	1.0	1375	$1,615	$1.17	24d	1	0.97mi
2817 N 60th St Unit 2821/02 Omaha, NE	3.0	1.0	1188	$1,045	$0.88	24d	1	0.97mi
6152 Military Ave Omaha, NE	2.0	1.0–2.0	785	$1,599	$2.04	3d	6	0.97mi
2817 N 60th St Unit 2817/02 Omaha, NE	3.0	1.0	1188	$1,500	$1.26	3d	1	0.98mi
3002 N 48th Ave Omaha, NE	4.0	2.0	1205	$1,550	$1.29	24d	1	1.00mi
4874 Maple St Omaha, NE	3.0	1.0	1098	$1,545	$1.41	44d	1	1.03mi
5615 Northampton Blvd Omaha, NE	3.0	1.0–1.5	781	$1,500	$1.92	2d	1	1.17mi
4470 Redman Ave Unit 4470A Omaha, NE	2.0	1.5	980	$1,050	$1.07	10d	1	1.25mi
6029 Nebraska Ave Omaha, NE	4.0	2.0	1840	$2,000	$1.09	24d	1	1.25mi
4707 N 40th Ave Omaha, NE	3.0	1.0	1337	$1,500	$1.12	21d	1	1.32mi
4276 Binney St Omaha, NE	4.0	1.0	1358	$1,495	$1.10	44d	1	1.34mi
7323 Ames Cir Unit 7225 Omaha, NE	2.0	2.0	1632	$1,250	$0.77	3d	1	1.43mi
2316 N 65th Ave Omaha, NE	2.0	1.5	884	$1,500	$1.70	21d	1	1.47mi
3323 N 40th St Omaha, NE	2.0	1.0	1000	$1,575	$1.57	3d	1	1.48mi
5633 Parker St Omaha, NE	3.0	1.5	1200	$1,695	$1.41	44d	1	1.49mi

Listing history 2 events

1. 2026-05-27
   listed $120,000 New
2. 1990-06-08
   soldstatus $40,500

ⓘ 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: $2,833 · $236/mo
• Projected year-2 tax: $2,833 · $236/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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: $19,988
• − Mortgage interest: −$6,722
• − Property taxes: −$2,833
• − Insurance: −$600
• − Repairs & maintenance: −$1,599
• − Management: −$1,599
• − Depreciation: −$3,491
• Taxable income: $3,144
• Est. tax owed @ 24.0%: −$755
• After-tax cash flow: $4,052/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: Omaha Public Schools
• NCES district ID: 3174820
• Math proficiency: 20% ▼ -10.00%
• Reading proficiency: 28% ▼ -5.00%
• Median HH income: $46,039
• Composite: 20.83/100
• National rank: #8502
• State rank: #110 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

+196.3% since first listed

2 events — show timeline

• 2026-05-27 Listed $120,000 GPRMLS
• 1990-06-08 Sold (Public Records) $40,500 Public Records

Property tax history

+5.2%/yr

Latest (2025): $2,833 · +19.4% YoY. Source: county tax records.