2307 W 42nd St · Scottsbluff, NE 69361

$11,000

2 bd · 2.0 ba · 948 sqft · SingleFamily public records · 29 Days on market

Built 1976

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.7/5.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• Built 1976
• Listed 29 days

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Manufactured home (residential)
• Construction: Metal roof
• Exterior features: Metal roof; Shed(s)

Interior

• Heating & cooling: Forced air heating
• Interior features: Electric water heater; Forced air heating

🏷️ Possibly a rental listed for sale. The $11,000 price doesn't fit this home's estimated sale value (~$229,416) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $11k.

Deal economics

• At list price, monthly cash flow is $624 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($886 rent vs $11k).
• Recommended offer: $11k (1.5% below list) — sets the bar for market timing.
• Cap rate 74.3% vs local median 3.1% in Scottsbluff — 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 (#127 in NE, #4,862 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D+, crime F, amenities D-.
• Scottsbluff Public Schools (town): math 45% / reading 41% proficiency, ranked #89 of 111 in NE (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 103 active listings in the ZIP; 33 units permitted in Scotts Bluff County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $76 of loan paydown is wiped out by about $330 of value loss. Plan a longer hold.
• Scotts Bluff County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $3k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($11k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 5y ago; this cycle's ask has dropped $4k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $10,835 (1.5% below list)

Questions for the listing agent

1. Built in 1976 — 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. 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?
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: 8.05% ✓
• Cap rate: 74.33%
• Cash-on-cash: 242.98%
• DSCR: 11.81
• GRM: 1.0

CMA / ARV

• ARV (on-the-fly): $229,416
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4318 Shady Ln	0.14mi	3/2.0 (+1)	912 (-4%)	5mo	$195,000	$214	78
2909 W 42nd St	0.39mi	3/2.0 (+1)	1,032 (+9%)	12mo	$250,000	$242	52

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: —
• Equity multiple: 13.32×
• Total profit: $37,951
• Equity at exit: $1,640

10-year hold

• IRR: —
• Equity multiple: 28.35×
• Total profit: $84,248
• Equity at exit: $951

Cash invested: $3,080 (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 69361

• Active inventory: 103
• Price-to-rent: 1.0×

Monthly cashflow live

• Estimated rent: $886 medium
• Mortgage (P&I): −$58
• Tax est. 1.5%: −$14 /mo · $165/yr
• Insurance: −$5
• HOA: −$0
• Vacancy / Maint / Mgmt: −$186
• Net cashflow: $624

Break-even live

Break-even rent $96

Max offer price $11,000

Occupancy floor 25%

Sensitivity live

Price	-10% $631	-5% $627	+0% $624	+5% $620	+10% $616
Rent	-10% $554	-5% $589	+0% $624	+5% $659	+10% $694
Rate	-1.0pp $629	-0.5pp $626	base $624	+0.5pp $621	+1.0pp $618

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: $2,750
• Closing costs: $330
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-21
   days on market $11,000 Active 29 DOM
2. 2026-06-18
   days on market $11,000 Active 27 DOM
3. 2026-06-17
   days on market $11,000 Active 26 DOM
4. 2026-06-16
   days on market $11,000 Active 25 DOM
5. 2026-06-15
   days on market $11,000 Active 24 DOM
6. 2026-06-13
   pricedays on market $11,000 Active 22 DOM
7. 2026-06-12
   days on market $12,000 Active 21 DOM
8. 2026-06-09
   days on market $12,000 Active 18 DOM
9. 2026-06-08
   days on market $12,000 Active 17 DOM
10. 2026-06-07
    days on market $12,000 Active 16 DOM
11. 2026-06-07
    days on market $12,000 Active 15 DOM
12. 2026-06-04
    days on market $12,000 Active 12 DOM
13. 2026-06-03
    price $12,000 Active 11 DOM
14. 2026-06-02
    days on market $13,000 Active 11 DOM
15. 2026-06-01
    days on market $13,000 Active 10 DOM
16. 2026-05-31
    days on market $13,000 Active 9 DOM
17. 2026-05-12
    price $15,000
18. 2026-05-04
    price $17,500
19. 2026-04-03
    price $19,900
20. 2026-03-12
    price $40,000
21. 2026-02-27
    soldstatus $32,000 Closed
22. 2026-02-21
    listed $20,000 Active
23. 2026-02-13
    status Pending
24. 2026-02-12
    listed $45,000 Active
25. 2026-02-07
    listed $32,000 Active
26. 2022-03-15
    soldstatus $32,000
27. 2022-01-25
    listed $32,400
28. 2021-10-31
    soldstatus $35,200
29. 2021-07-08
    listed $39,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌡 Heat 3/10 Moderate
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,628
• − Mortgage interest: −$616
• − Property taxes: −$165
• − Insurance: −$55
• − Repairs & maintenance: −$850
• − Management: −$850
• − Depreciation: −$320
• Taxable income: $7,771
• Est. tax owed @ 24.0%: −$1,865
• After-tax cash flow: $5,619/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: Scottsbluff Public Schools
• NCES district ID: 3176470
• Math proficiency: 45% ▼ -1.00%
• Reading proficiency: 41% ▼ -4.00%
• Median HH income: $40,931
• Composite: 36.14/100
• National rank: #4745
• State rank: #89 of 111 in NE

Livability — Scottsbluff

• Score: 74/100
• State rank: #127
• US rank: #4862

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 16,965

Population outlook (Scotts Bluff County) Hauer SSP2

• Today (2025): 35,740 people
• By 2030: 35,229 · -1.4%
• By 2040: 34,160 · -4.4%
• By 2050: 33,656 · -5.8%
• By 2075: 35,257 · -1.4%
• By 2100: 39,158 · +9.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Hispanic / Latino 26% Two or more races 12% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 23%
• Common ancestry: Iranian 2% Scotch-Irish 2% Portuguese 1%
• Foreign-born: 4% · Canada
• Languages at home: 88% English-only · Spanish 10% Other Asian/Pacific 1%

Political lean MEDSL · Scotts Bluff

• 2024 margin: Solid R (+47.7) · D 25.6% · R 73.4% · Other 1.0%
• 2008→2024 swing: -14.0pp toward R · 2008: -33.7pp · 2024: -47.7pp
• All cycles: 2024: R+47.7 2020: R+43.5 2016: R+48.9 2012: R+37.7 2008: R+33.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -181.96%
• Current HPI: 169.5952
• 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

-72.4% since first listed

17 events — show timeline

• 2026-06-12 Price Changed $11,000 WNBOR
• 2026-06-03 Price Changed $12,000 WNBOR
• 2026-05-26 Price Changed $13,000 WNBOR
• 2026-05-21 Listed $15,000 WNBOR
• 2026-05-12 Price Changed $15,000 WNBOR
• 2026-05-04 Price Changed $17,500 WNBOR
• 2026-04-03 Price Changed $19,900 WNBOR
• 2026-03-12 Price Changed $40,000 WNBOR
• 2026-02-27 Sold (MLS) $32,000 WNBOR
• 2026-02-21 Listed $20,000 WNBOR
• 2026-02-13 Pending — WNBOR
• 2026-02-12 Listed $45,000 WNBOR
• 2026-02-07 Listed $32,000 WNBOR
• 2022-03-15 Sold (MLS) $32,000 WNBOR
• 2022-01-25 Listed $32,400 WNBOR
• 2021-10-31 Sold (MLS) $35,200 WNBOR
• 2021-07-08 Listed $39,900 WNBOR

Property tax history

-4.9%/yr

Latest (2025): $9,204 · -2.4% YoY. Source: county tax records.