1231 Main St · North Bend, NE 68649

$125,000

3 bd · 1.0 ba · 1,344 sqft · SingleFamily public records · 4 Days on market

Built 1950 0.32 ac lot $93/sqft · 29% below area Est $177k · 29% under

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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 +19.9/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +6.3/10.0
• Schools +5.5/10.0
• 1% rule +4.7/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Key facts

• 0.32 acre lot
• Garage
• Built 1950

Property features AI

Finance

• Financial info: Annual tax information available

Exterior

• Parking: Attached garage (1 car); One covered parking space
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property; Built in 1950; 1344 square feet above grade
• Construction: Slab foundation
• Exterior features: Porch; Lot over 1/4 up to 1/2 acre; Lot dimensions approximately 70 x 198; Lot of about 0.31 acre

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Master bedroom on the main floor; Second bedroom on the main floor; Third bedroom on the main floor
• Bathrooms: One full bathroom (main floor)
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: No fireplaces; Porch
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $-276 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $76k (39.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $121k (3.2% below list).
• Recommended offer: $76k (39.1% below list) — sets the bar for cash-flow.

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 $13k of equity ($864 loan paydown + $12k appreciation (10.0% local appreciation)).
• By year 3, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $76,182 (39.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.97% ✗
• Cap rate: 7.73%
• Cash-on-cash: 5.15%
• DSCR: 1.23
• GRM: 8.6

CMA / ARV

• ARV (median comp): $177,156
• List price: $125,000
• Delta: -29.44%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1231 Main St	0.00mi	3/1.0	1,344 (0%)	0mo	$125,000	$93	100
940 Mulberry St	0.19mi	3/2.0	1,435 (+7%)	5mo	$185,000	$129	72
411 W 8th St	0.39mi	2/1.0 (-1)	1,344 (0%)	13mo	$80,000	$60	66
610 W 8th St	0.45mi	3/1.0	1,434 (+7%)	5mo	$139,000	$97	63
131 W 11th St	0.12mi	2/1.0 (-1)	1,176 (-12%)	19mo	$152,500	$130	53
140 W 13th St	0.07mi	3/1.5	1,529 (+14%)	24mo	$260,000	$170	52
421 E 7th St	0.44mi	3/1.5	1,170 (-13%)	7mo	$187,000	$160	50
720 W 7th St	0.55mi	3/2.0	1,356 (+1%)	23mo	$222,000	$164	49
311 W 9th St	0.29mi	3/2.0	1,508 (+12%)	19mo	$215,000	$143	46
730 Cottonwood St	0.62mi	4/2.0 (+1)	1,444 (+7%)	6mo	$175,000	$121	45

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: 17.7%
• Equity multiple: 2.45×
• Total profit: $50,722
• Equity at exit: $112,610

10-year hold

• IRR: 16.7%
• Equity multiple: 5.68×
• Total profit: $163,695
• Equity at exit: $242,848

Cash invested: $35,000 (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 68649

• Home prices YoY: 7.8%
• Active inventory: 24
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,210 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$98 /mo · $1,174/yr
• Insurance: −$52
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $-276

Break-even live

Break-even rent $1,559

Max offer price $76,182

Occupancy floor —

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-05-15
   listed $125,000 New
2. 2017-05-19
   soldstatus $63,000

ⓘ 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: $1,174 · $98/mo
• Projected year-2 tax: $2,162 · $180/mo
• Expected delta: +$989/yr (+$82/mo · 84.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone AE · 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,515
• − Mortgage interest: −$7,002
• − Property taxes: −$1,174
• − Insurance: −$5,744
• − Repairs & maintenance: −$1,161
• − Management: −$1,161
• − Depreciation: −$3,636
• Taxable loss: −$5,363
• Est. tax savings @ 24.0%: +$1,287
• After-tax cash flow: $-2,029/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: 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

+98.4% since first listed

4 events — show timeline

• 2026-06-17 Sold (MLS) $125,000 GPRMLS
• 2026-05-19 Pending — GPRMLS
• 2026-05-15 Listed $125,000 GPRMLS
• 2017-05-19 Sold (Public Records) $63,000 Public Records

Property tax history

+0.8%/yr

Latest (2025): $1,174 · +21.2% YoY. Source: county tax records.