2616 N 59th St · Lincoln, NE 68507

$139,900

3 bd · 1.0 ba · 1,036 sqft · SingleFamily public records · 15 Days on market

Built 1925 6,970 sqft lot $135/sqft · 31% below area Est $203k · 31% 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 +18.9/30.0
• ARV discount +15.0/15.0
• DSCR +5.9/10.0
• 1% rule +5.1/10.0
• Schools +4.4/10.0
• Livability +4.2/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this charming 3 bedroom, 1 bath home. On the main level there is 2 bedrooms, and an open layout including a kitchen with stainless steal appliances that flows seamlessly to the living room area. Upstairs in the finished attic, you will find the 3rd bedroom. This home is ideal for a first time homebuyer or investor looking to grow their portfolio. Don't miss the opportunity to see this one today. Seller holds a Nebraska real estate license.

Key facts

• Finished attic
• Open layout
• 6,970 sq ft lot

Tags

• OPEN LAYOUT
• STAINLESS STEEL APPLIANCES
• FINISHED ATTIC

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer; Electric service available
• Home design: Single-family residence; Residential property; Built in 1925; One story plus second-floor space
• Construction: Concrete perimeter foundation
• Exterior features: Lot approximately 0.16 acres (45 x 193); Lot up to 1/4 acre

Interior

• Bedrooms: Master bedroom on the main floor; Second bedroom on the main floor; Third bedroom on the second floor
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Basement present (approximately 484 finished area); No fireplaces

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $143 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $140k).
• Recommended offer: $138k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.5% vs local median 3.0% in Lincoln — 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 85/100 on livability (#5 in NE, #545 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime D+.
• Lincoln Public Schools (urban): math 50% / reading 53% proficiency, ranked #59 of 111 in NE (top 53%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Brownell Elementary School (math 37% / reading 52%, grade F, #289 of 502 statewide, top 63%, 337 students, 68% FRL); Mickle Middle School (math 53% / reading 55%, grade B-, #38 of 128 statewide, top 31%, 694 students, 46% FRL); Lincoln Northeast High School (math 34% / reading 36%, grade F, #207 of 261 statewide, top 79%, 1,812 students, 62% FRL) — zoned schools average 59% FRL vs 37% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+2.4%/yr); 100 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 1,940 units permitted in Lancaster County in 2024 (895 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Lancaster County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts 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 $70k; list at $140k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $137,801 (1.5% below list)

Questions for the listing agent

1. Built in 1925 — 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. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. Crime grade is D 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?
5. 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.
6. 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.
7. 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: 1.01% ✓
• Cap rate: 7.52%
• Cash-on-cash: 4.37%
• DSCR: 1.19
• GRM: 8.3

CMA / ARV

• ARV (median comp): $203,139
• List price: $139,900
• Delta: -31.13%
• 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
2020 N 57 St	0.43mi	3/2.0	1,015 (-2%)	2mo	$234,900	$231	71
2713 N 59 St	0.07mi	4/2.0 (+1)	928 (-10%)	3mo	$159,900	$172	68
5035 Knox St	0.66mi	3/2.0	1,050 (+1%)	3mo	$194,900	$186	61
5327 Knox St	0.51mi	3/1.0	1,122 (+8%)	2mo	$159,000	$142	60
2958 N 53 St	0.44mi	2/1.0 (-1)	936 (-10%)	1mo	$200,000	$214	58
6338 Hartley St	0.72mi	3/1.0	988 (-5%)	2mo	$256,000	$259	57
5735 Judson St	0.47mi	2/1.5 (-1)	1,128 (+9%)	2mo	$235,000	$208	54
5220 Gladstone St	0.66mi	2/1.5 (-1)	1,070 (+3%)	3mo	$190,000	$178	54
5626 Judson St	0.52mi	2/1.5 (-1)	1,168 (+13%)	3mo	$223,500	$191	45
5140 Judson St	0.66mi	2/2.0 (-1)	1,128 (+9%)	2mo	$117,500	$104	43
5701 Gladstone St	0.54mi	2/1.5 (-1)	1,175 (+13%)	3mo	$210,000	$179	43
4934 Knox St	0.73mi	2/1.0 (-1)	910 (-12%)	0mo	$205,000	$225	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 · 2.37% rent growth · sell at horizon

5-year hold

• IRR: -10.2%
• Equity multiple: 0.63×
• Total profit: $-14,455
• Equity at exit: $20,860

10-year hold

• IRR: -1.7%
• Equity multiple: 0.89×
• Total profit: $-4,397
• Equity at exit: $12,096

Cash invested: $39,172 (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 68507

• Rents YoY: 2.4%
• Active inventory: 100
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,410 high
• Mortgage (P&I): −$734
• Tax from tax record: −$179 /mo · $2,151/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $143

Break-even live

Break-even rent $1,229

Max offer price $139,900

Occupancy floor 85%

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2840 N Cotner Blvd Unit 1 Lincoln, NE	3.0	1.0	1450	$1,425	$0.98	43d	1	0.53mi
2405 N 50th St Apt 4 Lincoln, NE	2.0	1.0	740	$850	$1.15	13d	1	0.62mi
3609 N 60th St Unit 7 Lincoln, NE	2.0	1.0	724	$795	$1.10	43d	1	0.68mi
2742 N 48th St Unit 03 Lincoln, NE	2.0	1.0	769	$895	$1.16	43d	1	0.71mi
2701 N 70th St Lincoln, NE	1.0–2.0	1.0–1.5	886	$960	$1.08	13d	1	0.73mi
5301 Benton St Unit 5307 Lincoln, NE	3.0	2.0	720	$1,295	$1.80	43d	1	0.80mi
3202 N 48th St Unit 2 Lincoln, NE	2.0	1.0	950	$1,050	$1.11	21d	1	0.81mi
4630 Leighton Ave Lincoln, NE	2.0	1.0–2.0	781	$2,141	$2.74	13d	21	0.84mi
4602 Saint Paul Ave Unit 3 Lincoln, NE	4.0	1.0	1344	$1,550	$1.15	13d	1	0.84mi
4715 Gladstone St Lincoln, NE	2.0	1.0	806	$1,025	$1.27	13d	1	0.91mi
4711 Gladstone St Lincoln, NE	2.0	1.0	806	$1,025	$1.27	13d	1	0.91mi
4411 Baldwin Ave Lincoln, NE	3.0	1.0	764	$1,600	$2.09	21d	1	0.97mi
4904 Holdrege St Lincoln, NE	2.0	1.0	1282	$1,299	$1.01	43d	1	0.98mi
1025 N 63rd St Lincoln, NE	1.0–3.0	1.0–2.0	1157	$1,590	$1.37	13d	7	0.98mi
2334 N 44th St Unit 19 Lincoln, NE	2.0	2.0	1035	$1,075	$1.04	21d	1	0.98mi
4800 Holdrege St Lincoln, NE	2.0	1.0–2.0	806	$1,625	$2.01	13d	88	1.01mi
4910 Dudley St Unit 2 Lincoln, NE	3.0	2.0	1073	$1,250	$1.16	21d	1	1.08mi
2635 N 42nd St Apt 3 Lincoln, NE	2.0	1.0	700	$900	$1.29	13d	1	1.14mi
2635 N 42nd St Apt 2 Lincoln, NE	2.0	1.0	700	$900	$1.29	43d	1	1.14mi
4630 Starr St Unit 4630 Lincoln, NE	3.0	1.0	1460	$1,250	$0.86	43d	1	1.15mi
4529 Holdrege St Lincoln, NE	3.0	2.0	1100	$1,250	$1.14	43d	1	1.17mi
4650 Orchard St Lincoln, NE	1.0–2.0	1.0	742	$825	$1.11	43d	1	1.21mi
825 N Cotner Blvd Lincoln, NE	2.0	1.0	900	$1,335	$1.48	21d	2	1.23mi
4444 N 60th St Lincoln, NE	2.0	1.0	1248	$1,440	$1.15	13d	1	1.31mi
6501 Vine St Unit 073* Lincoln, NE	2.0	1.5	830	$975	$1.17	21d	1	1.35mi
6433 Platte Ave Lincoln, NE	2.0	1.0	1386	$1,995	$1.44	21d	1	1.37mi
5101 Vine St Lincoln, NE	1.0–2.0	1.0–2.0	886	$1,370	$1.55	13d	18	1.37mi
6511 Vine St Unit 149* Lincoln, NE	2.0	1.5	897	$1,050	$1.17	21d	1	1.37mi
3811 Baldwin Ave Lincoln, NE	1.0–3.0	1.0–2.0	1015	$1,489	$1.47	13d	14	1.37mi
6417 Burlington Ave Unit 4 Lincoln, NE	3.0	2.0	1000	$1,300	$1.30	43d	1	1.43mi

Listing history 16 events

1. 2026-05-30
   status $139,900 Pending 15 DOM
2. 2026-05-13
   listed $139,900 New 457-char remark
3. 2026-04-24
   status Pending
4. 2026-04-24
   historical
5. 2026-04-12
   listed $149,000 New
6. 2026-04-12
   listed $149,000 New
7. 2026-04-12
   historical
8. 2026-04-12
   historical
9. 2026-03-05
   listed $158,300 New
10. 2026-03-05
    historical
11. 2026-01-22
    listed $168,300 New
12. 2025-07-05
    historical $1,199
13. 2025-06-26
    price $1,199
14. 2025-06-20
    listed $1,299
15. 2023-07-18
    historical
16. 2018-08-10
    soldstatus $70,000

ⓘ 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: $2,151 · $179/mo
• Projected year-2 tax: $2,420 · $202/mo
• Expected delta: +$269/yr (+$22/mo · 12.5%)

ⓘ 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 · 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: $16,918
• − Mortgage interest: −$7,837
• − Property taxes: −$2,151
• − Insurance: −$700
• − Repairs & maintenance: −$1,353
• − Management: −$1,353
• − Depreciation: −$4,070
• Taxable loss: −$546
• Est. tax savings @ 24.0%: +$131
• After-tax cash flow: $1,842/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: Lincoln Public Schools
• NCES district ID: 3172840
• Math proficiency: 50% ▼ -6.00%
• Reading proficiency: 53% ▼ -3.00%
• Median HH income: $50,273
• Composite: 44.05/100
• National rank: #2880
• State rank: #59 of 111 in NE

Livability — Lincoln

• Score: 85/100
• State rank: #5
• US rank: #545

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lincoln, NE
• County: Lancaster County · 291,509 people
• City population: 291,509
• Metro: Lincoln, NE
• Population (ZIP): 16,029
• Household income: $69,488
• Rent vs Own: 33.5% rent · 66.5% own
• Severe rent burden: 557.0

Population outlook (Lancaster County) Hauer SSP2

• Today (2025): 352,806 people
• By 2030: 377,899 · +7.1%
• By 2040: 428,582 · +21.5%
• By 2050: 483,103 · +36.9%
• By 2075: 632,390 · +79.2%
• By 2100: 759,513 · +115.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 10% Hispanic / Latino 9% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Italian 2% Romanian 2% Lithuanian 2%
• Foreign-born: 4% · Canada, China, Vietnam
• Languages at home: 94% English-only · Spanish 4% Vietnamese 1% Arabic 1%

Political lean MEDSL · Lancaster

• 2024 margin: Toss-up / Even · D 51.4% · R 47.1% · Other 1.5%
• 2008→2024 swing: -0.7pp no change · 2008: 5.0pp · 2024: 4.3pp
• All cycles: 2024: D+4.3 2020: D+7.8 2016: D+0.1 2012: R+1.0 2008: D+5.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -273.66%
• Current HPI: 234.3628
• Rent YoY: ▲ 2.37%
• Metro: Lincoln, NE
• 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

+99.9% since first listed

16 events — show timeline

• 2026-05-29 Pending — GPRMLS
• 2026-05-13 Listed $139,900 GPRMLS
• 2026-04-24 Pending — GPRMLS
• 2026-04-24 Listing Removed — GPRMLS
• 2026-04-12 Listing Removed — GPRMLS
• 2026-04-12 Listed $149,000 GPRMLS
• 2026-04-12 Listing Removed — GPRMLS
• 2026-04-12 Listed $149,000 GPRMLS
• 2026-03-05 Listing Removed — GPRMLS
• 2026-03-05 Listed $158,300 GPRMLS
• 2026-01-22 Listed $168,300 GPRMLS
• 2025-07-05 Rental Removed $1,199 APPFOLIO
• 2025-06-26 Price Changed $1,199 APPFOLIO
• 2025-06-20 Listed for Rent $1,299 APPFOLIO
• 2023-07-18 Rental Removed — APPFOLIO
• 2018-08-10 Sold (Public Records) $70,000 Public Records

Property tax history

+6.8%/yr

Latest (2025): $2,151 · +3.7% YoY. Source: county tax records.