611 Cora St · Chapman, NE 68827

$60,000

2 bd · 1.0 ba · 980 sqft · Manufactured public records · 49 Days on market

Built 2012 ↓ 20% 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
• Appreciation +7.3/10.0
• Schools +4.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Don't miss this charming 3 bed 2 bath mobile home situated on lot 16! It features a kitchen/dining room combo as well as a covered porch. Lot rent is $325 and includes water, sewer, and one trash can. Call for a showing today!

Key facts

• Covered porch
• Built 2012
• Listed 48 days

Tags

• KITCHEN DINING ROOM COMBO
• COVERED PORCH

Property features AI

Finance

• Financial info: Annual tax approximately $298.76

Exterior

• Home design: Mobile home (residential)
• Construction: Zoned SF (single-family)

Interior

• Bathrooms: Two bathrooms on the main level
• Interior features: Main-level laundry
• Laundry & utility: Main-level laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $60k.

Deal economics

• At list price, monthly cash flow is $370 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($994 rent vs $60k).
• Recommended offer: $58k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#376 in NE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, schools D+, amenities F.
• Northwest Public Schools (rural): math 53% / reading 51% proficiency, ranked #53 of 111 in NE (top 48%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 32 active listings in the ZIP; 43 units permitted in Merrick County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($415 loan paydown + $3k appreciation (4.7% local appreciation)).
• Merrick County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (4.7% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 10, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($58k) is reasonable based on typical stale-listing flexibility.

Recommended offer $58,200 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.66% ✓
• Cap rate: 13.70%
• Cash-on-cash: 26.46%
• DSCR: 2.18
• GRM: 5.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

4.65% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 35.4%
• Equity multiple: 3.16×
• Total profit: $36,248
• Equity at exit: $32,737

10-year hold

• IRR: 34.0%
• Equity multiple: 6.35×
• Total profit: $89,806
• Equity at exit: $55,481

Cash invested: $16,800 (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 68827

• Home prices YoY: 1.7%
• Active inventory: 32
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $994 medium
• Mortgage (P&I): −$315
• Tax est. 1.5%: −$75 /mo · $900/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$209
• Net cashflow: $370

Break-even live

Break-even rent $525

Max offer price $60,000

Occupancy floor 58%

Sensitivity live

Price	-10% $412	-5% $391	+0% $370	+5% $350	+10% $329
Rent	-10% $292	-5% $331	+0% $370	+5% $410	+10% $449
Rate	-1.0pp $401	-0.5pp $386	base $370	+0.5pp $355	+1.0pp $339

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-19
   days on market $60,000 Active 49 DOM
2. 2026-06-18
   days on market $60,000 Active 48 DOM
3. 2026-06-17
   days on market $60,000 Active 47 DOM
4. 2026-06-16
   days on market $60,000 Active 46 DOM
5. 2026-06-15
   days on market $60,000 Active 45 DOM
6. 2026-06-14
   days on market $60,000 Active 43 DOM
7. 2026-06-12
   days on market $60,000 Active 42 DOM
8. 2026-06-09
   days on market $60,000 Active 39 DOM
9. 2026-06-08
   days on market $60,000 Active 38 DOM
10. 2026-06-07
    days on market $60,000 Active 37 DOM
11. 2026-06-05
    pricedays on market $60,000 Active 34 DOM
12. 2026-06-02
    days on market $70,000 Active 32 DOM
13. 2026-06-01
    days on market $70,000 Active 31 DOM
14. 2026-05-31
    days on market $70,000 Active 30 DOM
15. 2026-05-30
    days on market $70,000 Active 29 DOM
16. 2026-04-30
    listed $75,000 Active 226-char remark

ⓘ 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

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 16 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: $11,925
• − Mortgage interest: −$3,361
• − Property taxes: −$900
• − Insurance: −$300
• − Repairs & maintenance: −$954
• − Management: −$954
• − Depreciation: −$1,745
• Taxable income: $3,711
• Est. tax owed @ 24.0%: −$891
• After-tax cash flow: $3,555/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: Northwest Public Schools
• NCES district ID: 3174580
• Math proficiency: 53% ▼ -10.00%
• Reading proficiency: 51% ▼ -5.00%
• Median HH income: $58,589
• Composite: 45.28/100
• National rank: #2654
• State rank: #53 of 111 in NE

Livability — Chapman

• Score: 64/100
• State rank: #376
• US rank: #14029

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chapman, NE
• Population (ZIP): 737

Population outlook (Merrick County) Hauer SSP2

• Today (2025): 7,635 people
• By 2030: 7,504 · -1.7%
• By 2040: 7,217 · -5.5%
• By 2050: 6,843 · -10.4%
• By 2075: 5,739 · -24.8%
• By 2100: 4,320 · -43.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Hispanic / Latino 3% Two or more races 1%
• Common ancestry: Romanian 2% Iranian 2% Portuguese 1%
• Foreign-born: 0% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Merrick

• 2024 margin: Solid R (+65.0) · D 16.8% · R 81.8% · Other 1.4%
• 2008→2024 swing: -24.5pp toward R · 2008: -40.5pp · 2024: -65.0pp
• All cycles: 2024: R+65.0 2020: R+62.5 2016: R+62.4 2012: R+45.0 2008: R+40.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.65%
• Current HPI: 283.8371
• 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

-20.0% since first listed

3 events — show timeline

• 2026-06-05 Price Changed $60,000 GMNMLS
• 2026-05-19 Price Changed $70,000 GMNMLS
• 2026-04-30 Listed $75,000 GMNMLS

Property tax history

+7.2%/yr

Latest (2025): $64 · +1646.7% YoY. Source: county tax records.