618 N Jefferson Ave · North Platte, NE 69101

$55,000

2 bd · 1.0 ba · 756 sqft · SingleFamily public records · 32 Days on market

Built 1910 ↓ 5% since listing

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.0/10.0
• 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

CURRENT TENANT IS MONTH TO MONTH PAYS $550 LANDLORD PAYS UTILITIES, LAND LORD DOES ADJUST RENT ACCORDING TO UTILITIES. 618 N JEFFERSON AVENUE TO CLOSE SIMULTANEOUS WITH 614.

Key facts

• Storage shed
• Corner lot
• Built 1910

Tags

• CORNER LOT
• STORAGE SHED

Property features AI

Finance

• Financial info: Annual taxes listed

Exterior

• Home design: Single-family residential property
• Construction: Frame construction

Interior

• Kitchen: Gas range; Refrigerator
• Bedrooms: 1 bedroom on the main level
• Flooring: Laminate
• Bathrooms: 1 bathroom on the main level
• Heating & cooling: Forced air heating
• Interior features: Gas range, refrigerator, and gas water heater; Laminate flooring
• Laundry & utility: Gas water heater

🏷️ Possibly a rental listed for sale. The $55,000 price doesn't fit this home's estimated sale value (~$123,984) 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/1.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $358 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($923 rent vs $55k).
• Recommended offer: $53k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.1% 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).
• This rent is only 18% of the median local income ($62k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 2 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 $25k; list at $55k implies a 120% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $53,350 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.68% ✓
• Cap rate: 14.09%
• Cash-on-cash: 27.86%
• DSCR: 2.24
• GRM: 5.0

CMA / ARV

• ARV (on-the-fly): $123,984
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
614 N Jefferson Ave	0.01mi	2/1.0	768 (+2%)	0mo	$132,000	$172	96
2119 W 5th St	0.47mi	2/1.0	775 (+2%)	3mo	$135,000	$174	72
421 N Jefferson Ave	0.14mi	2/1.0	864 (+14%)	3mo	$142,000	$164	68
1420 W Front St	0.04mi	3/1.0 (+1)	840 (+11%)	10mo	$15,000	$18	67
1908 W 1st St	0.50mi	2/1.0	768 (+2%)	10mo	$115,000	$150	66
1420 W 2nd St	0.34mi	3/1.0 (+1)	720 (-5%)	12mo	$155,000	$215	61
1919 W 6th	0.34mi	2/1.0	672 (-11%)	10mo	$85,000	$126	58
1320 N Jackson Ave	0.59mi	2/1.0	704 (-7%)	5mo	$85,000	$121	57
2217 W 2nd St	0.61mi	2/1.0	736 (-3%)	18mo	$85,000	$115	52
911 N Maple St	0.62mi	1/1.0 (-1)	841 (+11%)	6mo	$50,000	$59	42
2306 W 2nd St	0.66mi	1/1.0 (-1)	660 (-13%)	5mo	$114,000	$173	39
2309 Alpha St	0.74mi	2/1.0	840 (+11%)	13mo	$162,000	$193	36

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: 22.0%
• Equity multiple: 1.90×
• Total profit: $13,869
• Equity at exit: $8,201

10-year hold

• IRR: 30.1%
• Equity multiple: 3.69×
• Total profit: $41,435
• Equity at exit: $4,755

Cash invested: $15,400 (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: 5.0×

Monthly cashflow live

• Estimated rent: $923 medium
• Mortgage (P&I): −$288
• Tax from tax record: −$60 /mo · $719/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$194
• Net cashflow: $358

Break-even live

Break-even rent $470

Max offer price $55,000

Occupancy floor 56%

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-19
   days on market $55,000 Active 32 DOM
2. 2026-06-18
   days on market $55,000 Active 31 DOM
3. 2026-06-17
   days on market $55,000 Active 30 DOM
4. 2026-06-16
   days on market $55,000 Active 29 DOM
5. 2026-06-15
   days on market $55,000 Active 28 DOM
6. 2026-06-14
   days on market $55,000 Active 26 DOM
7. 2026-06-12
   days on market $55,000 Active 25 DOM
8. 2026-06-09
   days on market $55,000 Active 22 DOM
9. 2026-06-08
   days on market $55,000 Active 21 DOM
10. 2026-06-07
    days on market $55,000 Active 20 DOM
11. 2026-06-07
    days on market $55,000 Active 19 DOM
12. 2026-06-03
    days on market $55,000 Active 16 DOM
13. 2026-06-02
    days on market $55,000 Active 15 DOM
14. 2026-06-01
    days on market $55,000 Active 14 DOM
15. 2026-05-31
    days on market $55,000 Active 13 DOM
16. 2026-05-30
    days on market $55,000 Active 12 DOM
17. 2026-05-18
    listed $55,000 Active
18. 2021-12-22
    soldstatus $25,000 173-char remark

    Show marketing remark (173 chars)

    CURRENT TENANT IS MONTH TO MONTH PAYS $550 LANDLORD PAYS UTILITIES, LAND LORD DOES ADJUST RENT ACCORDING TO UTILITIES. 618 N JEFFERSON AVENUE TO CLOSE SIMULTANEOUS WITH 614.

19. 2021-09-05
    listed $30,000 173-char remark

    Show marketing remark (173 chars)

    CURRENT TENANT IS MONTH TO MONTH PAYS $550 LANDLORD PAYS UTILITIES, LAND LORD DOES ADJUST RENT ACCORDING TO UTILITIES. 618 N JEFFERSON AVENUE TO CLOSE SIMULTANEOUS WITH 614.

20. 2015-01-16
    soldstatus $58,000

ⓘ 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: $719 · $60/mo
• Projected year-2 tax: $952 · $79/mo
• Expected delta: +$232/yr (+$19/mo · 32.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (shaded) · 20% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 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: $11,071
• − Mortgage interest: −$3,081
• − Property taxes: −$719
• − Insurance: −$275
• − Repairs & maintenance: −$886
• − Management: −$886
• − Depreciation: −$1,600
• Taxable income: $3,624
• Est. tax owed @ 24.0%: −$870
• After-tax cash flow: $3,421/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

-5.2% since first listed

4 events — show timeline

• 2026-05-18 Listed $55,000 LCBR
• 2021-12-22 Sold (MLS) $25,000 LCBR
• 2021-09-05 Listed $30,000 LCBR
• 2015-01-16 Sold (Public Records) $58,000 Public Records

Property tax history

+4.7%/yr

Latest (2025): $719 · -1.3% YoY. Source: county tax records.