708 E Grant St · Wausa, NE 68786

$142,500

4 bd · 1.0 ba · 1,580 sqft · SingleFamily public records · 8 Days on market

Built 1890 0.48 ac lot

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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 +17.0/30.0
• ARV discount +7.5/15.0
• Appreciation +6.0/10.0
• DSCR +5.3/10.0
• Schools +4.5/10.0
• 1% rule +3.8/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to 708 E Grant St in Wausa, NE! This charming and updated 4-bedroom home is an affordable gem. Nestled on a large corner lot, it boasts beautiful landscaping that enhances its curb appeal. Step inside to find newer windows that fill the home with natural light and provide energy efficiency. The convenience of main floor laundry makes everyday living a breeze. The spacious garage offers ample storage and parking. With its perfect blend of modern updates and classic charm, this home is move-in ready and waiting for you. Don’t miss the opportunity to own this delightful property in a friendly neighborhood. Schedule your showing today and experience the warmth and comfort of 708 E Grant St!

Key facts

• New furnace
• Main floor laundry
• 3 season front porch

Tags

• MAIN FLOOR LAUNDRY
• MUDROOM
• 3 SEASON FRONT PORCH
• NEW FURNACE
• CENTRAL AIR CONDITIONING
• 6 FOOT PRIVACY FENCE

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $142k.

Deal economics

• At list price, monthly cash flow is $97 ($1k/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 $125k (12.1% below list).
• Recommended offer: $125k (12.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 73/100 on livability (#152 in NE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A-; Watch: amenities F, commute F.
• Wausa Public Schools (rural): math 55% / reading 45% proficiency, ranked #145 of 245 in NE (top 59%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Wausa Elementary School (math 47% / reading 52%, grade D, #233 of 502 statewide, top 52%, 102 students, 18% FRL); Wausa High School (math 64% / reading 54%, grade C+, #49 of 261 statewide, top 26%, 114 students, 31% FRL) — zoned schools at 24% FRL track the district average.
• Market conditions: 3 active listings in the ZIP; 36 units permitted in Knox County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($985 loan paydown + $3k appreciation (2.0% local appreciation)).
• Knox County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (2.0% appreciation + 3.0% rent growth), your $40k cash investment doubles in ~7 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 5y 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 $112k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $125,219 (12.1% below list)

Questions for the listing agent

1. Built in 1890 — 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: 0.88% ✗
• Cap rate: 7.11%
• Cash-on-cash: 2.91%
• DSCR: 1.13
• GRM: 9.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.02% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 7.4%
• Equity multiple: 1.40×
• Total profit: $16,041
• Equity at exit: $56,371

10-year hold

• IRR: 10.7%
• Equity multiple: 2.45×
• Total profit: $57,831
• Equity at exit: $81,303

Cash invested: $39,900 (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 68786

• Home prices YoY: 1.7%
• Active inventory: 3
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,252 medium
• Mortgage (P&I): −$747
• Tax from tax record: −$86 /mo · $1,031/yr
• Insurance: −$59
• HOA: −$0
• Vacancy / Maint / Mgmt: −$263
• Net cashflow: $97

Break-even live

Break-even rent $1,130

Max offer price $142,500

Occupancy floor 87%

Sensitivity live

Price	-10% $177	-5% $137	+0% $97	+5% $56	+10% $16
Rent	-10% $-2	-5% $47	+0% $97	+5% $146	+10% $196
Rate	-1.0pp $168	-0.5pp $133	base $97	+0.5pp $60	+1.0pp $22

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: $35,625
• Closing costs: $4,275
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-03-21
   status Pending
2. 2026-03-13
   listed $142,500 Active
3. 2024-07-12
   soldstatus $112,000 Closed 709-char remark

   Show marketing remark (709 chars)

   Welcome to 708 E Grant St in Wausa, NE! This charming and updated 4-bedroom home is an affordable gem. Nestled on a large corner lot, it boasts beautiful landscaping that enhances its curb appeal. Step inside to find newer windows that fill the home with natural light and provide energy efficiency. The convenience of main floor laundry makes everyday living a breeze. The spacious garage offers ample storage and parking. With its perfect blend of modern updates and classic charm, this home is move-in ready and waiting for you. Don’t miss the opportunity to own this delightful property in a friendly neighborhood. Schedule your showing today and experience the warmth and comfort of 708 E Grant St!

4. 2024-07-12
   soldstatus $112,000

   Show marketing remark (709 chars)

   Welcome to 708 E Grant St in Wausa, NE! This charming and updated 4-bedroom home is an affordable gem. Nestled on a large corner lot, it boasts beautiful landscaping that enhances its curb appeal. Step inside to find newer windows that fill the home with natural light and provide energy efficiency. The convenience of main floor laundry makes everyday living a breeze. The spacious garage offers ample storage and parking. With its perfect blend of modern updates and classic charm, this home is move-in ready and waiting for you. Don’t miss the opportunity to own this delightful property in a friendly neighborhood. Schedule your showing today and experience the warmth and comfort of 708 E Grant St!

5. 2024-06-09
   status Pending 709-char remark

   Show marketing remark (709 chars)

   Welcome to 708 E Grant St in Wausa, NE! This charming and updated 4-bedroom home is an affordable gem. Nestled on a large corner lot, it boasts beautiful landscaping that enhances its curb appeal. Step inside to find newer windows that fill the home with natural light and provide energy efficiency. The convenience of main floor laundry makes everyday living a breeze. The spacious garage offers ample storage and parking. With its perfect blend of modern updates and classic charm, this home is move-in ready and waiting for you. Don’t miss the opportunity to own this delightful property in a friendly neighborhood. Schedule your showing today and experience the warmth and comfort of 708 E Grant St!

6. 2024-06-02
   listed $129,900 Active 709-char remark

   Show marketing remark (709 chars)

   Welcome to 708 E Grant St in Wausa, NE! This charming and updated 4-bedroom home is an affordable gem. Nestled on a large corner lot, it boasts beautiful landscaping that enhances its curb appeal. Step inside to find newer windows that fill the home with natural light and provide energy efficiency. The convenience of main floor laundry makes everyday living a breeze. The spacious garage offers ample storage and parking. With its perfect blend of modern updates and classic charm, this home is move-in ready and waiting for you. Don’t miss the opportunity to own this delightful property in a friendly neighborhood. Schedule your showing today and experience the warmth and comfort of 708 E Grant St!

7. 2023-11-02
   soldstatus $85,000
8. 2022-09-30
   soldstatus $85,000
9. 2022-09-29
   soldstatus $85,000 389-char remark

   Show marketing remark (389 chars)

   4 bedroom, 1 bath home with detached garage, located on a large corner lot in Wausa, NE. Home comes with large eat-in kitchen and living area, master bedroom and walk-through closet, recent remodeled main floor bathroom and main floor laundry room. 3 upstairs bedrooms, full unfinished basement and 2 car over sized garage. Updated windows and aluminum siding as well as newer HVAC system.

10. 2022-08-16
    listed $85,000 389-char remark

    Show marketing remark (389 chars)

    4 bedroom, 1 bath home with detached garage, located on a large corner lot in Wausa, NE. Home comes with large eat-in kitchen and living area, master bedroom and walk-through closet, recent remodeled main floor bathroom and main floor laundry room. 3 upstairs bedrooms, full unfinished basement and 2 car over sized garage. Updated windows and aluminum siding as well as newer HVAC system.

11. 2021-05-27
    soldstatus $69,900
12. 2021-05-26
    soldstatus $70,000
13. 2021-02-25
    listed $69,900
14. 2018-08-30
    soldstatus $60,000

ⓘ 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: $1,031 · $86/mo
• Projected year-2 tax: $2,465 · $205/mo
• Expected delta: +$1,434/yr (+$119/mo · 139.0%)

ⓘ 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 2/10 Low 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,026
• − Mortgage interest: −$7,982
• − Property taxes: −$1,031
• − Insurance: −$712
• − Repairs & maintenance: −$1,202
• − Management: −$1,202
• − Depreciation: −$4,145
• Taxable loss: −$1,250
• Est. tax savings @ 24.0%: +$300
• After-tax cash flow: $1,459/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: Wausa Public Schools
• NCES district ID: 3178450
• Math proficiency: 55% ▼ -5.00%
• Reading proficiency: 45% ▼ -5.00%
• Median HH income: $50,617
• Composite: 44.88/100
• National rank: #5905
• State rank: #145 of 245 in NE

Livability — Wausa

• Score: 73/100
• State rank: #152
• US rank: #5494

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wausa, NE
• Population (ZIP): 1,009

Population outlook (Knox County) Hauer SSP2

• Today (2025): 8,195 people
• By 2030: 8,013 · -2.2%
• By 2040: 7,717 · -5.8%
• By 2050: 7,531 · -8.1%
• By 2075: 7,685 · -6.2%
• By 2100: 7,620 · -7.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Hispanic / Latino 5% Native American 2% Two or more races 1%
• Common ancestry: Iranian 3% Portuguese 3% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 2% German/W. Germanic 1%

Political lean MEDSL · Knox

• 2024 margin: Solid R (+63.3) · D 17.7% · R 81.0% · Other 1.3%
• 2008→2024 swing: -27.2pp toward R · 2008: -36.1pp · 2024: -63.3pp
• All cycles: 2024: R+63.3 2020: R+59.8 2016: R+60.7 2012: R+45.4 2008: R+36.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.02%
• Current HPI: 123.5574
• 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

+137.5% since first listed

14 events — show timeline

• 2026-03-21 Pending — MARMLS
• 2026-03-13 Listed $142,500 MARMLS
• 2024-07-12 Sold (Public Records) $112,000 Public Records
• 2024-07-12 Sold (MLS) $112,000 MARMLS
• 2024-06-09 Pending — MARMLS
• 2024-06-02 Listed $129,900 MARMLS
• 2023-11-02 Sold (Public Records) $85,000 Public Records
• 2022-09-30 Sold (Public Records) $85,000 Public Records
• 2022-09-29 Sold (MLS) $85,000 NNEMLS
• 2022-08-16 Listed $85,000 NNEMLS
• 2021-05-27 Sold (MLS) $69,900 NNEMLS
• 2021-05-26 Sold (Public Records) $70,000 Public Records
• 2021-02-25 Listed $69,900 NNEMLS
• 2018-08-30 Sold (Public Records) $60,000 Public Records

Property tax history

+29.6%/yr

Latest (2025): $1,031 · +8.0% YoY. Source: county tax records.