1075 W 8th St #20 · North Bend, NE 68649

$39,900

3 bd · 1.5 ba · 1,216 sqft · Manufactured · 28 Days on market

Built 2013 Good condition $33/sqft · at area comps Est $40k · at est. ↓ 32% since listing

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Why this score? — see what drove the A- 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
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.5/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• Rent growth +2.5/5.0

Listing remarks

Freshly listed and move-in ready, this spacious 3-bedroom, 2-bath mobile home is located in the welcoming community of Heartford Homes Mobile Home Park. The open-concept layout offers a bright, roomy feel with new paint, updated appliances, new carpet, and refreshed flooring throughout. The primary bedroom features its own private bathroom for added comfort. Enjoy affordable living with lot rent at just $300 per month, all within the charming small-town feel of North Bend.

Key facts

• Built 2013
• Listed 27 days

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Manufactured home (residential); Single-story layout; Built in 2013
• Construction: Slab foundation
• Exterior features: Front porch

Interior

• Kitchen: Kitchen located on the main floor
• Bedrooms: Master bedroom on the main floor, approximately 14' x 12.2'; Second bedroom on the main floor, approximately 10.2' x 8.8'; Third bedroom on the main floor, approximately 14' x 8.8'
• Bathrooms: Two bathrooms total (one full, one half), both on the main level
• Heating & cooling: Natural gas forced-air heating; Window cooling units
• Interior features: No fireplaces; No basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath manufactured listed at $40k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $627 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $39k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 81/100 on livability (#18 in NE, #1,561 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• North Bend Central Public Schools (rural): math 65% / reading 64% proficiency, ranked #8 of 111 in NE (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: North Bend Central Elementary School (math 77% / reading 72%, grade A, #20 of 502 statewide, top 5%, 271 students, 26% FRL); North Bend Central Middle School (math 57% / reading 57%, grade B, #25 of 128 statewide, top 20%, 89 students, 26% FRL); North Bend Central High School (math 62% / reading 62%, grade B-, #39 of 261 statewide, top 18%, 226 students, 28% FRL) — zoned schools at 27% FRL track the district average.
• Market conditions: 24 active listings in the ZIP; 82 units permitted in Dodge County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($276 loan paydown + $4k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~1 year — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($39k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.

Recommended offer $39,301 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 2.86% ✓
• Cap rate: 25.14%
• Cash-on-cash: 67.32%
• DSCR: 4.00
• GRM: 2.9

CMA / ARV

• ARV (median comp): $39,900
• List price: $39,900
• Delta: —
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1075 W 8th St #18	0.00mi	3/1.5	1,216 (0%)	0mo	$39,900	$33	100

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 78.6%
• Equity multiple: 6.52×
• Total profit: $61,663
• Equity at exit: $35,945

10-year hold

• IRR: 72.8%
• Equity multiple: 14.45×
• Total profit: $150,233
• Equity at exit: $77,517

Cash invested: $11,172 (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 68649

• Home prices YoY: 7.8%
• Active inventory: 24
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $1,142 medium
• Mortgage (P&I): −$209
• Tax est. 1.5%: −$50 /mo · $598/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$240
• Net cashflow: $627

Break-even live

Break-even rent $349

Max offer price $39,900

Occupancy floor 40%

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-19
   days on market $39,900 Active 28 DOM
2. 2026-06-18
   days on market $39,900 Active 27 DOM
3. 2026-06-17
   days on market $39,900 Active 26 DOM
4. 2026-06-16
   days on market $39,900 Active 25 DOM
5. 2026-06-15
   days on market $39,900 Active 24 DOM
6. 2026-06-14
   days on market $39,900 Active 22 DOM
7. 2026-06-12
   days on market $39,900 Active 21 DOM
8. 2026-06-09
   days on market $39,900 Active 18 DOM
9. 2026-06-08
   statusdays on market $39,900 Active 17 DOM
10. 2026-06-07
    days on market $39,900 Back On Market 16 DOM
11. 2026-06-05
    days on market $39,900 Back On Market 13 DOM
12. 2026-06-03
    status $39,900 Back On Market 12 DOM
13. 2026-05-14
    historical
14. 2026-05-14
    listed $39,900 New 477-char remark
15. 2026-04-20
    price $44,900
16. 2026-02-18
    price $49,900
17. 2026-01-09
    listed $59,000 New

ⓘ 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,708
• − Mortgage interest: −$2,235
• − Property taxes: −$598
• − Insurance: −$200
• − Repairs & maintenance: −$1,097
• − Management: −$1,097
• − Depreciation: −$1,161
• Taxable income: $7,321
• Est. tax owed @ 24.0%: −$1,757
• After-tax cash flow: $5,763/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This move-in ready mobile home is in good condition with fresh paint and updated appliances. It offers a spacious layout and is located in a welcoming community. Consider painting the exterior and interior, updating the flooring, and upgrading the kitchen and bathrooms to maximize its value.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance the curb appeal and interior aesthetics.
• Both Updating the flooring in the living area and bedrooms — New flooring can improve the overall look and feel of the home.
• Both Upgrading the kitchen appliances — Modern appliances can increase the home's appeal and functionality.
• Both Updating the bathrooms with new fixtures and possibly a shower/tub combination — Modern bathrooms can significantly enhance the home's value and functionality.
• Both Landscaping the front yard — A well-maintained front yard can improve curb appeal and add value to the home.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint can enhance the curb appeal and interior aesthetics. ↑
• Both Updating the flooring in the living area and bedrooms — New flooring can improve the overall look and feel of the home. ↑
• Both Upgrading the kitchen appliances — Modern appliances can increase the home's appeal and functionality. ↑
• Both Updating the bathrooms with new fixtures and possibly a shower/tub combination — Modern bathrooms can significantly enhance the home's value and functionality. ↑
• Both Landscaping the front yard — A well-maintained front yard can improve curb appeal and add value to the home. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: North Bend Central Public Schools
• NCES district ID: 3100115
• Math proficiency: 65% ▲ 3.00%
• Reading proficiency: 64% ▲ 2.00%
• Median HH income: $56,916
• Composite: 55.48/100
• National rank: #1246
• State rank: #8 of 111 in NE

Livability — North Bend

• Score: 81/100
• State rank: #18
• US rank: #1561

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Bend, NE
• Population (ZIP): 1,831

Population outlook (Dodge County) Hauer SSP2

• Today (2025): 37,191 people
• By 2030: 37,238 · +0.1%
• By 2040: 37,256 · +0.2%
• By 2050: 37,494 · +0.8%
• By 2075: 39,165 · +5.3%
• By 2100: 40,221 · +8.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 7% Two or more races 6%
• Hispanic origin (detail): Mexican 4% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 3% Scotch-Irish 3%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4% German/W. Germanic 1%

Political lean MEDSL · Dodge

• 2024 margin: Solid R (+32.6) · D 33.0% · R 65.7% · Other 1.3%
• 2008→2024 swing: -20.6pp toward R · 2008: -12.0pp · 2024: -32.6pp
• All cycles: 2024: R+32.6 2020: R+32.1 2016: R+35.3 2012: R+22.7 2008: R+12.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 21.72%
• Current HPI: 298.4561
• 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

-32.4% since first listed

7 events — show timeline

• 2026-06-03 Relisted — GPRMLS
• 2026-05-26 Pending — GPRMLS
• 2026-05-14 Listing Removed — GPRMLS
• 2026-05-14 Listed $39,900 GPRMLS
• 2026-04-20 Price Changed $44,900 GPRMLS
• 2026-02-18 Price Changed $49,900 GPRMLS
• 2026-01-09 Listed $59,000 GPRMLS