3119 14th St · Columbus, NE 68601

$185,000

16 bd · 16.0 ba · 2,001 sqft · Other · 1 Days on market

Built 1920 Fair condition

---

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 +14.8/30.0
• ARV discount +7.5/15.0
• DSCR +4.5/10.0
• 1% rule +4.1/10.0
• Livability +4.0/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks

4 plex - all electric 1 bedroom studio apartments - community coin laundry - all 4 apartments have been remodeled with 3 apartments recently updated - each apartment has it & acirc; & euro; & trade; s our breaker box and water heater - off street parking - great cash flow with most recent rent of $500 each - easy potential of $2,100 for all 4 - great location to downtown

Key facts

• Off street parking
• Remodeled apartments
• Built 1920

Tags

• REMODELED APARTMENTS
• OFF STREET PARKING
• GREAT LOCATION TO DOWNTOWN

What this means for you Summary

Snapshot

• This is a 16-bed/16.0-bath other listed at $185k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $49 ($593/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 $168k (9.1% below list).
• Recommended offer: $168k (9.1% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 3.3% in Columbus — 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 80/100 on livability (#20 in NE, #1,633 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities D-, commute F.
• Columbus Public Schools (town): math 39% / reading 43% proficiency, ranked #93 of 111 in NE (top 84%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Emerson Elementary School (math 32% / reading 52%, grade F, #319 of 502 statewide, top 68%, 281 students, 52% FRL); Columbus Middle School (math 39% / reading 42%, grade F, #82 of 128 statewide, top 65%, 1,174 students, 55% FRL); Columbus High School (math 38% / reading 39%, grade F, #199 of 261 statewide, top 77%, 1,273 students, 46% FRL).
• Market conditions: 300 active listings in the ZIP; 98 units permitted in Platte County in 2024 (17 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 $6k of value loss. Plan a longer hold.
• Platte County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $168,095 (9.1% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.91% ✗
• Cap rate: 6.61%
• Cash-on-cash: 1.15%
• DSCR: 1.05
• GRM: 9.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -14.5%
• Equity multiple: 0.48×
• Total profit: $-26,803
• Equity at exit: $27,584

10-year hold

• IRR: -5.7%
• Equity multiple: 0.63×
• Total profit: $-19,180
• Equity at exit: $15,995

Cash invested: $51,800 (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 68601

• Home prices YoY: -22.4%
• Active inventory: 300
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,681 medium
• Mortgage (P&I): −$970
• Tax est. 1.5%: −$231 /mo · $2,775/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $49

Break-even live

Break-even rent $1,618

Max offer price $185,000

Occupancy floor 92%

Sensitivity live

Price	-10% $177	-5% $113	+0% $49	+5% $-14	+10% $-78
Rent	-10% $-83	-5% $-17	+0% $49	+5% $116	+10% $182
Rate	-1.0pp $143	-0.5pp $97	base $49	+0.5pp $2	+1.0pp $-47

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Listing history 1 events

1. 2026-05-26
   listed $185,000 Active

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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: $20,171
• − Mortgage interest: −$10,363
• − Property taxes: −$2,775
• − Insurance: −$925
• − Repairs & maintenance: −$1,614
• − Management: −$1,614
• − Depreciation: −$5,382
• Taxable loss: −$2,501
• Est. tax savings @ 24.0%: +$600
• After-tax cash flow: $1,194/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 · 1 photo

Fair 40/100 Moderate rehab

The property requires significant repairs and maintenance, particularly to the roof and siding, which will significantly impact its value. Immediate action is needed to address these issues and improve the property's condition.

Repairs flagged

• Major roof — Significant damage and visible leaks.
• Major siding — Significant damage and discoloration.
• Major flooring — Worn-out and in need of replacement.
• Major paint — Peeling and in need of repainting.
• Minor HVAC units — Intact but may need cleaning or minor repairs based on the roof and siding condition.
• Minor windows — Intact but may need sealing or replacement based on the roof and siding condition.
• Minor landscaping — Well-maintained but may need trimming or additional plants based on the roof and siding condition.

Value-add opportunities

• Both roof replacement — Fixing the roof will improve the overall condition and appearance of the property, enhancing both resale and rental value.
• Both siding repair/replacement — Repairing or replacing the siding will improve the property's curb appeal and structural integrity, enhancing both resale and rental value.
• Both flooring replacement — Replacing the worn-out flooring will improve the property's interior condition and appearance, enhancing both resale and rental value.
• Both painting — Repainting the walls will improve the property's interior condition and appearance, enhancing both resale and rental value.
• Rental HVAC cleaning/repair — Cleaning or repairing the HVAC units will improve the property's comfort and energy efficiency, enhancing rental value.
• Rental window sealing/repair — Sealing or repairing the windows will improve the property's energy efficiency and comfort, enhancing rental value.
• Both landscaping enhancement — Enhancing the landscaping will improve the property's curb appeal and overall condition, enhancing both resale and rental value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · Significant damage and visible leaks.	Major	$15,000–50,000
siding · Significant damage and discoloration.	Major	$15,000–50,000
flooring · Worn-out and in need of replacement.	Major	$15,000–50,000
paint · Peeling and in need of repainting.	Major	$15,000–50,000
HVAC units · Intact but may need cleaning or minor repairs based on the roof and siding condition.	Minor	$500–3,000
windows · Intact but may need sealing or replacement based on the roof and siding condition.	Minor	$500–3,000
landscaping · Well-maintained but may need trimming or additional plants based on the roof and siding condition.	Minor	$500–3,000
Total estimated repair cost · 7 items		$61,500–209,000

Value-add ROI direction

• Both roof replacement — Fixing the roof will improve the overall condition and appearance of the property, enhancing both resale and rental value. ↑
• Both siding repair/replacement — Repairing or replacing the siding will improve the property's curb appeal and structural integrity, enhancing both resale and rental value. ↑
• Both flooring replacement — Replacing the worn-out flooring will improve the property's interior condition and appearance, enhancing both resale and rental value. ↑
• Both painting — Repainting the walls will improve the property's interior condition and appearance, enhancing both resale and rental value. ↑
• Rental HVAC cleaning/repair — Cleaning or repairing the HVAC units will improve the property's comfort and energy efficiency, enhancing rental value. ↑
• Rental window sealing/repair — Sealing or repairing the windows will improve the property's energy efficiency and comfort, enhancing rental value. ↑
• Both landscaping enhancement — Enhancing the landscaping will improve the property's curb appeal and overall condition, enhancing both resale and rental value. ↑

ⓘ 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: Columbus Public Schools
• NCES district ID: 3105340
• Math proficiency: 39% ▼ -10.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $51,074
• Composite: 35.41/100
• National rank: #4942
• State rank: #93 of 111 in NE

Livability — Columbus

• Score: 80/100
• State rank: #20
• US rank: #1633

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Columbus, NE
• City population: 30,619
• Population (ZIP): 30,619

Population outlook (Platte County) Hauer SSP2

• Today (2025): 34,130 people
• By 2030: 34,778 · +1.9%
• By 2040: 36,436 · +6.8%
• By 2050: 38,648 · +13.2%
• By 2075: 47,293 · +38.6%
• By 2100: 57,020 · +67.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 25% Two or more races 14%
• Hispanic origin (detail): Mexican 14% Cuban 2%
• Common ancestry: Romanian 7% Portuguese 2% Lithuanian 1%
• Foreign-born: 14% · Canada
• Languages at home: 79% English-only · Spanish 20%

Political lean MEDSL · Platte

• 2024 margin: Solid R (+58.3) · D 20.4% · R 78.7%
• 2008→2024 swing: -16.8pp toward R · 2008: -41.5pp · 2024: -58.3pp
• All cycles: 2024: R+58.3 2020: R+56.8 2016: R+58.8 2012: R+51.8 2008: R+41.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -100.37%
• Current HPI: 347.5063
• 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

• 2026-05-26 Listed $185,000 FSBO.com