4919 Leighton Ave · Lincoln, NE 68504

$158,000

2 bd · 1.0 ba · 1,632 sqft · SingleFamily public records · 5 Days on market

Built 1930 7,405 sqft lot Est $256k · 38% 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).

• Cash flow +15.3/30.0
• ARV discount +15.0/15.0
• DSCR +4.7/10.0
• Schools +4.4/10.0
• Livability +4.2/5.0
• 1% rule +4.0/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 4919 Leighton Ave. , This, 1000 sq ft home built in 1930, is charming and spacious. The first-floor features 2 bedrooms and 1 bath that flow to the living and dining room. The upstairs offers a loft with a bedroom and bathroom. The basement has 2 additional bedrooms, a third bath and storage. Move in ready with NEW carpet throughout the house. Conveniently located off of 49th and Leighton, this is close to schools, shops and dining. A perfect home for first time home buyers or an investor looking to expand their portfolio. Don't miss the opportunity to see this one today!

Key facts

• Upstairs loft
• First floor
• Basement storage

Tags

• FIRST FLOOR
• UPSTAIRS LOFT
• BASEMENT STORAGE
• MOVE IN READY
• CONVENIENTLY LOCATED

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $158k.

Deal economics

• At list price, monthly cash flow is $58 ($700/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 $142k (10.1% below list).
• Recommended offer: $142k (10.1% below list) — sets the bar for 1% rule.
• Cap rate 6.7% 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: Riley Elementary School (math 42% / reading 47%, grade F, #289 of 502 statewide, top 63%, 280 students, 68% 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 59% FRL vs 37% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 38% at this address vs 52% district-wide (-13 pts) — the specific schools serving this property underperform the Lincoln Public Schools average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 60 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 1,940 units permitted in Lancaster County in 2024 (895 in 5+ unit buildings).
• This rent runs 30% of the median local income ($56k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 14y 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.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $142,017 (10.1% below list)

Questions for the listing agent

1. Built in 1930 — 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: 0.90% ✗
• Cap rate: 6.74%
• Cash-on-cash: 1.58%
• DSCR: 1.07
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $256,224
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5337 Garland St	0.30mi	2/1.5	1,635 (+0%)	6mo	$216,500	$132	79
4611 Madison Ave	0.41mi	3/2.0 (+1)	1,662 (+2%)	1mo	$225,000	$135	68
4311 Saint Paul Ave	0.50mi	3/2.0 (+1)	1,666 (+2%)	0mo	$261,000	$157	64
2645 N 57th St	0.53mi	3/2.0 (+1)	1,541 (-6%)	1mo	$250,600	$163	56
2242 N 56th St	0.41mi	3/1.0 (+1)	1,431 (-12%)	2mo	$234,000	$164	53
3141 N 44th St	0.75mi	3/2.0 (+1)	1,603 (-2%)	1mo	$155,000	$97	52
5945 Francis St	0.69mi	2/1.5	1,518 (-7%)	3mo	$245,000	$161	52
5135 Judson St	0.73mi	2/1.0	1,468 (-10%)	2mo	$207,000	$141	48
6018 Baldwin Ave	0.74mi	3/1.0 (+1)	1,502 (-8%)	2mo	$176,000	$117	46
1721 N 57th St	0.56mi	3/2.0 (+1)	1,457 (-11%)	4mo	$240,000	$165	44
4410 Baldwin Ave	0.42mi	3/2.5 (+1)	1,408 (-14%)	5mo	$190,000	$135	42
6100 Lexington Ave	0.74mi	2/2.0	1,454 (-11%)	5mo	$230,000	$158	39

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 · 0.56% rent growth · sell at horizon

5-year hold

• IRR: -16.5%
• Equity multiple: 0.43×
• Total profit: $-25,286
• Equity at exit: $23,558

10-year hold

• IRR: -13.2%
• Equity multiple: 0.31×
• Total profit: $-30,518
• Equity at exit: $13,661

Cash invested: $44,240 (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 68504

• Rents YoY: 0.6%
• Active inventory: 60
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,420 high
• Mortgage (P&I): −$829
• Tax from tax record: −$169 /mo · $2,030/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $58

Break-even live

Break-even rent $1,346

Max offer price $158,000

Occupancy floor 91%

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: $39,500
• Closing costs: $4,740
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4800 Holdrege St Lincoln, NE	2.0	1.0–2.0	806	$1,625	$2.01	13d	88	0.46mi
4904 Holdrege St Lincoln, NE	2.0	1.0	1282	$1,299	$1.01	43d	1	0.47mi
4529 Holdrege St Lincoln, NE	3.0	2.0	1100	$1,250	$1.14	43d	1	0.56mi
4630 Starr St Unit 4630 Lincoln, NE	3.0	1.0	1460	$1,250	$0.86	43d	1	0.57mi
4910 Dudley St Unit 2 Lincoln, NE	3.0	2.0	1073	$1,250	$1.16	21d	1	0.59mi
3811 Baldwin Ave Lincoln, NE	1.0–3.0	1.0–2.0	1015	$1,269	$1.25	13d	14	0.76mi
2228 Mirwyn Ct Lincoln, NE	3.0	3.0	1748	$2,200	$1.26	43d	1	0.87mi
2210 Mirwyn Ct Lincoln, NE	3.0	3.0	1748	$2,000	$1.14	13d	1	0.87mi
1025 N 63rd St Lincoln, NE	1.0–3.0	1.0–2.0	1157	$1,278	$1.10	13d	7	0.97mi
5101 Vine St Lincoln, NE	1.0–2.0	1.0–2.0	886	$1,370	$1.55	13d	18	1.00mi
2840 N Cotner Blvd Unit 1 Lincoln, NE	3.0	1.0	1450	$1,425	$0.98	43d	1	1.22mi
301 N 44th St Lincoln, NE	1.0–2.0	1.0–2.0	870	$1,310	$1.50	13d	17	1.35mi
225 N Cotner Blvd Lincoln, NE	2.0	1.0–2.0	791	$1,895	$2.39	13d	25	1.46mi

Listing history 18 events

1. 2026-04-17
   status Pending
2. 2026-04-11
   listed $158,000 New
3. 2026-03-19
   historical
4. 2026-03-09
   listed $158,300 New
5. 2026-03-09
   historical
6. 2026-01-28
   listed $168,300 New
7. 2025-10-24
   historical $1,800
8. 2025-07-19
   listed $1,800
9. 2024-03-14
   historical $1,800
10. 2024-01-18
    price $1,800
11. 2023-10-02
    listed $1,900
12. 2019-10-31
    soldstatus $350,000
13. 2013-03-20
    soldstatus $40,000
14. 2013-03-20
    soldstatus $40,000
15. 2013-03-11
    historical
16. 2013-03-06
    historical
17. 2012-10-17
    listed $55,000
18. 2012-10-17
    listed $55,000

ⓘ 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: $2,030 · $169/mo
• Projected year-2 tax: $2,733 · $228/mo
• Expected delta: +$703/yr (+$59/mo · 34.6%)

ⓘ 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 1/10 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: $17,042
• − Mortgage interest: −$8,850
• − Property taxes: −$2,030
• − Insurance: −$790
• − Repairs & maintenance: −$1,363
• − Management: −$1,363
• − Depreciation: −$4,596
• Taxable loss: −$1,952
• Est. tax savings @ 24.0%: +$468
• After-tax cash flow: $1,169/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): 17,278
• Household income: $56,213
• Rent vs Own: 68.5% rent · 31.5% own
• Severe rent burden: 1076.0

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 (71%)
• Race & ethnicity: White 71% Hispanic / Latino 9% Two or more races 9% Black 7% Asian 5% Native American 1%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Romanian 4% Lithuanian 2% Portuguese 2%
• Foreign-born: 10% · Canada, South Korea, Vietnam
• Languages at home: 86% English-only · Spanish 4% Other Indo-European 4% Arabic 2%

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: ▼ -157.10%
• Current HPI: 246.8013
• Rent YoY: ▲ 0.56%
• 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

+187.3% since first listed

18 events — show timeline

• 2026-04-17 Pending — GPRMLS
• 2026-04-11 Listed $158,000 GPRMLS
• 2026-03-19 Listing Removed — GPRMLS
• 2026-03-09 Listing Removed — GPRMLS
• 2026-03-09 Listed $158,300 GPRMLS
• 2026-01-28 Listed $168,300 GPRMLS
• 2025-10-24 Rental Removed $1,800 APPFOLIO
• 2025-07-19 Listed for Rent $1,800 APPFOLIO
• 2024-03-14 Rental Removed $1,800 APPFOLIO
• 2024-01-18 Price Changed $1,800 APPFOLIO
• 2023-10-02 Listed for Rent $1,900 APPFOLIO
• 2019-10-31 Sold (Public Records) $350,000 Public Records
• 2013-03-20 Sold (MLS) $40,000 GPRMLS
• 2013-03-20 Sold (MLS) $40,000 GPRMLS
• 2013-03-11 Listing Removed — GPRMLS
• 2013-03-06 Listing Removed — GPRMLS
• 2012-10-17 Listed $55,000 GPRMLS
• 2012-10-17 Listed $55,000 GPRMLS

Property tax history

+1.8%/yr

Latest (2025): $2,030 · +4.3% YoY. Source: county tax records.