310 N Cedar Ave · Hastings, NE 68901

$175,000

3 bd · 2.0 ba · 1,040 sqft · SingleFamily public records · 19 Days on market

Built 1927 6,534 sqft lot Est $154k · 14% over

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Why this score? — see what drove the D- 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 +15.4/30.0
• DSCR +4.7/10.0
• Livability +4.0/5.0
• 1% rule +3.8/10.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +1.3/15.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this 3 bedroom, 1 3/4 bathroom home conveniently located across the street from an elementary school. This home has had its original hardwood floors recently refinished as well as new paint through most of the home. The basement features a large family room that has recently been updated. Basement bathroom is in working condition w/ the possibility of adding a shower if you desire. Large fenced in back yard. Call today for your showing.

Key facts

• Large family room
• Fenced in back yard
• Hardwood floors

Tags

• HARDWOOD FLOORS
• LARGE FAMILY ROOM
• FENCED IN BACK YARD

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence
• Exterior features: Lot zoned R

Interior

• Kitchen: Dishwasher; Electric range; Microwave
• Bathrooms: One main-level bathroom
• Heating & cooling: Central air conditioning
• Interior features: Dishwasher; Electric range; Microwave; Central air
• Laundry & utility: Laundry in basement; Full, partially finished basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $66 ($794/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 $153k (12.4% below list).
• Recommended offer: $153k (12.4% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 4.3% in Hastings — 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 79/100 on livability (#41 in NE, #2,188 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, amenities D-, commute F.
• Hastings Public Schools (town): math 38% / reading 42% proficiency, ranked #96 of 111 in NE (top 86%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Alcott Elementary School (math 27% / reading 37%, grade F, #405 of 502 statewide, top 84%, 249 students, 66% FRL); Hastings Middle School (math 39% / reading 42%, grade F, #82 of 128 statewide, top 65%, 780 students, 52% FRL); Hastings Senior High School (math 36% / reading 45%, grade F, #181 of 261 statewide, top 69%, 1,067 students, 52% FRL).
• Market conditions: 193 active listings in the ZIP; 217 units permitted in Adams County in 2024 (132 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 $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($172k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $153,315 (12.4% below list)

Questions for the listing agent

1. Built in 1927 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.88% ✗
• Cap rate: 6.75%
• Cash-on-cash: 1.62%
• DSCR: 1.07
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $153,920
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
407 E 4th St	0.07mi	2/2.0 (-1)	1,134 (+9%)	3mo	$110,111	$97	74
142 E 4th St	0.24mi	4/1.0 (+1)	1,049 (+1%)	10mo	$155,000	$148	70
217 W 4th St	0.44mi	3/2.0	919 (-12%)	3mo	$150,000	$163	58
734 E 4th St	0.20mi	2/1.0 (-1)	1,124 (+8%)	13mo	$200,000	$178	58
515 S Kansas Ave	0.74mi	2/1.0 (-1)	898 (-14%)	8mo	$110,000	$122	28

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: -13.7%
• Equity multiple: 0.51×
• Total profit: $-24,158
• Equity at exit: $26,093

10-year hold

• IRR: -4.9%
• Equity multiple: 0.68×
• Total profit: $-15,674
• Equity at exit: $15,131

Cash invested: $49,000 (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 68901

• Active inventory: 193
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,533 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$154 /mo · $1,852/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$322
• Net cashflow: $66

Break-even live

Break-even rent $1,449

Max offer price $175,000

Occupancy floor 91%

Sensitivity live

Price	-10% $165	-5% $116	+0% $66	+5% $17	+10% $-33
Rent	-10% $-55	-5% $6	+0% $66	+5% $127	+10% $187
Rate	-1.0pp $154	-0.5pp $111	base $66	+0.5pp $21	+1.0pp $-25

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-21
   days on market $175,000 Active 19 DOM
2. 2026-06-21
   days on market $175,000 Active 18 DOM
3. 2026-06-18
   days on market $175,000 Active 16 DOM
4. 2026-06-17
   days on market $175,000 Active 15 DOM
5. 2026-06-16
   days on market $175,000 Active 14 DOM
6. 2026-06-15
   days on market $175,000 Active 13 DOM
7. 2026-06-13
   days on market $175,000 Active 11 DOM
8. 2026-06-12
   days on market $175,000 Active 10 DOM
9. 2026-06-09
   days on market $175,000 Active 7 DOM
10. 2026-06-08
    days on market $175,000 Active 6 DOM
11. 2026-06-07
    days on market $175,000 Active 5 DOM
12. 2026-06-07
    days on market $175,000 Active 4 DOM
13. 2026-06-02
    remarks 456-char remark
14. 2026-06-02
    listed $175,000 Active 1 DOM

ⓘ 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: $1,852 · $154/mo
• Projected year-2 tax: $3,028 · $252/mo
• Expected delta: +$1,175/yr (+$98/mo · 63.4%)

ⓘ 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 ≥102°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: $18,398
• − Mortgage interest: −$9,803
• − Property taxes: −$1,852
• − Insurance: −$875
• − Repairs & maintenance: −$1,472
• − Management: −$1,472
• − Depreciation: −$5,091
• Taxable loss: −$2,167
• Est. tax savings @ 24.0%: +$520
• After-tax cash flow: $1,314/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: Hastings Public Schools
• NCES district ID: 3171580
• Math proficiency: 38% ▼ -8.00%
• Reading proficiency: 42% ▼ -4.00%
• Median HH income: $42,942
• Composite: 33.81/100
• National rank: #5363
• State rank: #96 of 111 in NE

Livability — Hastings

• Score: 79/100
• State rank: #41
• US rank: #2188

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hastings, NE
• City population: 26,208
• Population (ZIP): 26,208

Population outlook (Adams County) Hauer SSP2

• Today (2025): 31,965 people
• By 2030: 32,079 · +0.4%
• By 2040: 31,999 · +0.1%
• By 2050: 31,586 · -1.2%
• By 2075: 30,856 · -3.5%
• By 2100: 29,948 · -6.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 14% Two or more races 8% Black 1% Asian 1%
• Hispanic origin (detail): Mexican 9% Cuban 1%
• Common ancestry: Lithuanian 2% Romanian 2% Italian 2%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 9% Vietnamese 1%

Political lean MEDSL · Adams

• 2024 margin: Solid R (+41.6) · D 28.5% · R 70.2% · Other 1.3%
• 2008→2024 swing: -14.6pp toward R · 2008: -27.0pp · 2024: -41.6pp
• All cycles: 2024: R+41.6 2020: R+40.1 2016: R+45.0 2012: R+34.1 2008: R+27.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -255.77%
• Current HPI: 232.0444
• 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

1 event — show timeline

• 2026-06-02 Listed $175,000 GMNMLS

Property tax history

+1.1%/yr

Latest (2025): $1,852 · +4.5% YoY. Source: county tax records.