6826 Morrill Ave · Lincoln, NE 68507

$200,000

1 bd · 2.0 ba · 1,756 sqft · SingleFamily public records · 3 Days on market

Built 1922 6,970 sqft lot Est $260k · 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 +14.1/30.0
• Schools +4.4/10.0
• DSCR +4.3/10.0
• Livability +4.2/5.0
• 1% rule +3.3/10.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This 1 + 2 bedroom, 2-bath home offers comfort, flexibility, and room to spread out—inside and out. Step through the front door into a bright, open-concept living room that flows seamlessly into the informal dining area & kitchen. Also on the main floor, you’ll find a private primary suite featuring a generously sized bedroom, an en suite bath with laundry, a walk-in closet, and even a built-in ironing board for added convenience. Just off the kitchen is a versatile second living space—ideal for a cozy family room, home office, or flex area to fit your lifestyle. Downstairs, the finished basement includes a large family room, two non-conforming bedrooms, a ¾ b

Key facts

• Walk-in closet
• 6,970 sq ft lot
• 2 garage spots

Tags

• OPEN CONCEPT LIVING ROOM
• PRIVATE PRIMARY SUITE
• EN SUITE BATH WITH LAUNDRY
• WALK-IN CLOSET
• BUILT-IN IRONING BOARD
• VERSATILE SECOND LIVING SPACE

Property features AI

Exterior

• Parking: Detached garage; Two covered parking spaces (2 total)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property; Not new / not a model; Total living area includes finished below-grade space
• Construction: Built in 1922; Block foundation
• Exterior features: Patio; Full chain-link fencing; Up to 1/4 acre lot (approximately 140 x 50, 0.16 acres)

Interior

• Kitchen: Kitchen on main floor (approx. 7' x 10'); Range; Refrigerator; Dishwasher; Microwave; Disposal
• Bedrooms: Main floor primary bedroom (approx. 11.4' x 14.7')
• Bathrooms: Two bathrooms total — one full and one three-quarter; One main-level bathroom and one below-grade bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Finished basement; Exercise room; No fireplaces
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 1-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $28 ($336/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 $165k (17.4% below list).
• Recommended offer: $165k (17.4% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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: Pershing Elementary School (math 52% / reading 47%, grade D, #233 of 502 statewide, top 52%, 443 students, 73% FRL); Dawes Middle School (math 32% / reading 38%, grade F, #103 of 128 statewide, top 80%, 405 students, 48% 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 61% FRL vs 37% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+2.4%/yr); 105 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 $1k of loan paydown is wiped out by about $6k 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

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $99k; list at $200k implies a 102% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1922 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $165,227 (17.4% below list)

Questions for the listing agent

1. Built in 1922 — 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: 0.83% ✗
• Cap rate: 6.46%
• Cash-on-cash: 0.60%
• DSCR: 1.03
• GRM: 10.1

CMA / ARV

• ARV (on-the-fly): $259,888
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6938 Ballard Ave	0.11mi	2/2.0 (+1)	1,500 (-15%)	12mo	$230,000	$153	56
6934 Morrill Ave	0.08mi	2/2.0 (+1)	1,539 (-12%)	23mo	$205,000	$133	52
6900 Benton St	0.36mi	2/2.0 (+1)	1,515 (-14%)	12mo	$230,000	$152	45
5939 Logan Ave	0.62mi	2/2.0 (+1)	1,516 (-14%)	6mo	$225,000	$148	38
3310 N 72nd St	0.68mi	2/1.5 (+1)	1,940 (+10%)	13mo	$277,000	$143	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 · 2.37% rent growth · sell at horizon

5-year hold

• IRR: -16.0%
• Equity multiple: 0.43×
• Total profit: $-31,708
• Equity at exit: $29,821

10-year hold

• IRR: -8.8%
• Equity multiple: 0.47×
• Total profit: $-29,695
• Equity at exit: $17,292

Cash invested: $56,000 (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: 105
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,652 medium
• Mortgage (P&I): −$1,049
• Tax from tax record: −$145 /mo · $1,742/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$347
• Net cashflow: $28

Break-even live

Break-even rent $1,617

Max offer price $200,000

Occupancy floor 93%

Sensitivity live

Price	-10% $141	-5% $85	+0% $28	+5% $-29	+10% $-85
Rent	-10% $-103	-5% $-37	+0% $28	+5% $93	+10% $158
Rate	-1.0pp $129	-0.5pp $79	base $28	+0.5pp $-24	+1.0pp $-77

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6433 Platte Ave Lincoln, NE	2.0	1.0	1386	$1,995	$1.44	23d	1	0.33mi
4444 N 60th St Lincoln, NE	2.0	1.0	1248	$1,440	$1.15	15d	1	0.63mi
8430 Fremont St Lincoln, NE	1.0–3.0	1.0–2.0	1050	$1,272	$1.21	3d	22	1.21mi

Listing history 3 events

1. 2026-04-30
   status Pending
2. 2026-04-27
   listed $200,000 New
3. 2005-06-20
   soldstatus $99,000

ⓘ 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: $1,742 · $145/mo
• Projected year-2 tax: $3,460 · $288/mo
• Expected delta: +$1,718/yr (+$143/mo · 98.6%)

ⓘ 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 2/10 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: $19,827
• − Mortgage interest: −$11,203
• − Property taxes: −$1,742
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,586
• − Management: −$1,586
• − Depreciation: −$5,818
• Taxable loss: −$3,108
• Est. tax savings @ 24.0%: +$746
• After-tax cash flow: $1,082/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

+102.0% since first listed

3 events — show timeline

• 2026-04-30 Pending — GPRMLS
• 2026-04-27 Listed $200,000 GPRMLS
• 2005-06-20 Sold (Public Records) $99,000 Public Records

Property tax history

-0.6%/yr

Latest (2021): $1,742 · +7.1% YoY. Source: county tax records.