1907 W 4th St · North Platte, NE 69101

$130,000

2 bd · 1.0 ba · 1,522 sqft · SingleFamily public records · 15 Days on market

Built 1925 $85/sqft · 20% below area Est $169k · 23% 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).

• ARV discount +15.0/15.0
• Cash flow +14.8/30.0
• DSCR +4.5/10.0
• Schools +4.0/10.0
• 1% rule +3.7/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

So much potential with this property! Bathroom has a claw foot tub & separate shower and loads of storage. There are two closets in master bedroom & a large back yard. Call Kim 308-520-2950 to see this property before its too late!

Key facts

• Open floor plan
• Porch area
• Privacy fence

Tags

• OPEN FLOOR PLAN
• PORCH AREA
• STORAGE AREA
• PRIVACY FENCE
• SEWER LINE REPLACED

Property features AI

Exterior

• Utilities: Public water; Public sewer; Cable available; Natural gas available
• Home design: Single-family residence; Residential property
• Construction: Frame construction
• Exterior features: Wood fencing; Composition roof; Storm door(s)

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bedrooms: 2 main-level bedrooms
• Flooring: Laminate
• Bathrooms: 1 main-level bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Dishwasher; Electric range; Refrigerator; Gas water heater; Laminate flooring; Partial, partially finished basement; Storm door(s)
• Laundry & utility: Laundry in basement; Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $35 ($423/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $112k (13.5% below list).
• Recommended offer: $112k (13.5% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 2.5% in North Platte — 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 74/100 on livability (#109 in NE, #4,400 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, amenities D, commute F.
• North Platte Public Schools (town): math 47% / reading 46% proficiency, ranked #77 of 111 in NE (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 190 active listings in the ZIP; 66 units permitted in Lincoln County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Lincoln County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y 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 $58k; list at $130k implies a 123% 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 $112,466 (13.5% 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 B-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. 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: 0.87% ✗
• Cap rate: 6.62%
• Cash-on-cash: 1.16%
• DSCR: 1.05
• GRM: 9.6

CMA / ARV

• ARV (median comp): $169,199
• List price: $130,000
• Delta: -23.17%
• 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
1610 W 5th St	0.17mi	2/1.5	1,544 (+1%)	1mo	$210,000	$136	87
907 W 6th St	0.63mi	2/1.0	1,527 (+0%)	2mo	$157,000	$103	68
802 N Jackson Ave	0.42mi	3/2.0 (+1)	1,622 (+7%)	3mo	$190,000	$117	58
2905 W 4th	0.62mi	3/2.0 (+1)	1,498 (-2%)	2mo	$280,000	$187	57
1800 W D St	0.61mi	2/2.0	1,590 (+4%)	9mo	$225,000	$142	53
602 N Sherman Ave	0.19mi	1/2.0 (-1)	1,728 (+14%)	9mo	$155,000	$90	52
301 S Carr	0.57mi	3/2.0 (+1)	1,611 (+6%)	4mo	$220,000	$137	51
121 N Elder Ave	0.71mi	3/2.0 (+1)	1,512 (-1%)	9mo	$225,000	$149	49
1302 W 3rd St	0.39mi	3/2.0 (+1)	1,722 (+13%)	2mo	$203,000	$118	49
1512 W B St	0.54mi	3/1.0 (+1)	1,350 (-11%)	6mo	$170,000	$126	46
2211 W E	0.69mi	3/2.0 (+1)	1,644 (+8%)	7mo	$265,000	$161	40
1911 W E St	0.66mi	3/2.0 (+1)	1,300 (-15%)	4mo	$197,000	$152	33

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: -14.5%
• Equity multiple: 0.48×
• Total profit: $-18,833
• Equity at exit: $19,383

10-year hold

• IRR: -5.8%
• Equity multiple: 0.63×
• Total profit: $-13,555
• Equity at exit: $11,240

Cash invested: $36,400 (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 69101

• Active inventory: 190
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,125 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$117 /mo · $1,408/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $35

Break-even live

Break-even rent $1,080

Max offer price $130,000

Occupancy floor 92%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-05-14
   status Pending 315-char remark
2. 2026-04-29
   listed $130,000 Active 315-char remark
3. 2017-03-17
   soldstatus $58,200 244-char remark

   Show marketing remark (244 chars)

   So much potential with this property! Bathroom has a claw foot tub & separate shower and loads of storage. There are two closets in master bedroom & a large back yard. Call Kim 308-520-2950 to see this property before its too late!

4. 2016-09-01
   listed $62,000 244-char remark

   Show marketing remark (244 chars)

   So much potential with this property! Bathroom has a claw foot tub & separate shower and loads of storage. There are two closets in master bedroom & a large back yard. Call Kim 308-520-2950 to see this property before its too late!

5. 2009-06-10
   soldstatus $65,000

ⓘ 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: $1,408 · $117/mo
• Projected year-2 tax: $2,249 · $187/mo
• Expected delta: +$841/yr (+$70/mo · 59.7%)

ⓘ 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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°F today · 17 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: $13,496
• − Mortgage interest: −$7,282
• − Property taxes: −$1,408
• − Insurance: −$650
• − Repairs & maintenance: −$1,080
• − Management: −$1,080
• − Depreciation: −$3,782
• Taxable loss: −$1,786
• Est. tax savings @ 24.0%: +$429
• After-tax cash flow: $851/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: North Platte Public Schools
• NCES district ID: 3100022
• Math proficiency: 47% ▼ -8.00%
• Reading proficiency: 46% ▼ -1.00%
• Median HH income: $47,348
• Composite: 39.64/100
• National rank: #3918
• State rank: #77 of 111 in NE

Livability — North Platte

• Score: 74/100
• State rank: #109
• US rank: #4400

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Platte, NE
• County: Lincoln County · 27,198 people
• City population: 27,198
• Metro: North Platte, NE
• Population (ZIP): 27,198
• Household income: $62,268
• Rent vs Own: 36.8% rent · 63.2% own
• Severe rent burden: 796.0

Population outlook (Lincoln County) Hauer SSP2

• Today (2025): 34,750 people
• By 2030: 34,004 · -2.1%
• By 2040: 32,310 · -7.0%
• By 2050: 30,918 · -11.0%
• By 2075: 29,245 · -15.8%
• By 2100: 29,116 · -16.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 10% Two or more races 5% Native American 1%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Slovak 2% Italian 2% Lithuanian 2%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 3% German/W. Germanic 1%

Political lean MEDSL · Lincoln

• 2024 margin: Solid R (+55.2) · D 21.8% · R 77.0% · Other 1.2%
• 2008→2024 swing: -19.7pp toward R · 2008: -35.5pp · 2024: -55.2pp
• All cycles: 2024: R+55.2 2020: R+54.6 2016: R+58.1 2012: R+40.6 2008: R+35.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -132.87%
• Current HPI: 174.088
• Rent YoY: —
• Metro: North Platte, 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

+100.0% since first listed

5 events — show timeline

• 2026-05-14 Pending — LCBR
• 2026-04-29 Listed $130,000 LCBR
• 2017-03-17 Sold (MLS) $58,200 LCBR
• 2016-09-01 Listed $62,000 LCBR
• 2009-06-10 Sold (Public Records) $65,000 Public Records

Property tax history

+0.5%/yr

Latest (2025): $1,408 · -1.5% YoY. Source: county tax records.