720 W D St · Hastings, NE 68901

$115,000

2 bd · 1.0 ba · 1,026 sqft · SingleFamily public records · 45 Days on market

Built 1904 2,614 sqft lot Est $154k · 25% 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 +28.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.9/10.0
• 1% rule +7.3/10.0
• Livability +4.0/5.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Recently updated 3 bedroom, 1.5 bath ranch style bungalow. Eat in kitchen and living room all on main floor, updated bathroom has a stackable washer and dryer. Fresh paint and flooring. Cute little front porch and nice deck on back. Attached 1 car garage w/ entry door back of house/garage. Great starter home or investment. New Price to include brand new washer and dryer and repairs done.

Key facts

• 2,614 sq ft lot
• Garage
• Built 1904

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $358 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $112k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 4.4% 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: Lincoln Elementary School (math 27% / reading 32%, grade F, #427 of 502 statewide, top 87%, 299 students, 75% 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: 191 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 $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $32k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $20k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $100k; 15% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1904 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $111,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1904 — 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. 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: 1.23% ✓
• Cap rate: 10.03%
• Cash-on-cash: 13.34%
• DSCR: 1.59
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $153,900
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
901 S Lincoln Ave	0.37mi	3/1.0 (+1)	1,044 (+2%)	1mo	$215,000	$206	74
719 S Kansas Ave	0.28mi	2/2.0	936 (-9%)	6mo	$165,000	$176	63
515 S Kansas Ave	0.24mi	2/1.0	898 (-12%)	8mo	$110,000	$122	62
520 W F St	0.24mi	2/3.0	1,071 (+4%)	15mo	$175,000	$163	61
308 S Garfield Ave	0.45mi	2/1.0	910 (-11%)	3mo	$95,000	$104	58
1002 S Lincoln Ave	0.50mi	1/1.0 (-1)	1,091 (+6%)	5mo	$110,000	$101	57
410 S Lexington Ave	0.22mi	1/1.0 (-1)	947 (-8%)	19mo	$142,000	$150	56
217 W 4th St	0.63mi	3/2.0 (+1)	919 (-10%)	3mo	$150,000	$163	42
1129 Renae Ln	0.53mi	3/2.0 (+1)	920 (-10%)	12mo	$125,500	$136	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.4%
• Equity multiple: 1.13×
• Total profit: $4,159
• Equity at exit: $17,147

10-year hold

• IRR: 12.9%
• Equity multiple: 2.02×
• Total profit: $32,966
• Equity at exit: $9,943

Cash invested: $32,200 (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: 191
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,410 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$105 /mo · $1,264/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $358

Break-even live

Break-even rent $957

Max offer price $115,000

Occupancy floor 70%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-02-11
   status Pending
2. 2024-12-18
   soldstatus $100,000 Closed 390-char remark

   Show marketing remark (390 chars)

   Recently updated 3 bedroom, 1.5 bath ranch style bungalow. Eat in kitchen and living room all on main floor, updated bathroom has a stackable washer and dryer. Fresh paint and flooring. Cute little front porch and nice deck on back. Attached 1 car garage w/ entry door back of house/garage. Great starter home or investment. New Price to include brand new washer and dryer and repairs done.

3. 2024-12-18
   soldstatus $100,000

   Show marketing remark (390 chars)

   Recently updated 3 bedroom, 1.5 bath ranch style bungalow. Eat in kitchen and living room all on main floor, updated bathroom has a stackable washer and dryer. Fresh paint and flooring. Cute little front porch and nice deck on back. Attached 1 car garage w/ entry door back of house/garage. Great starter home or investment. New Price to include brand new washer and dryer and repairs done.

4. 2024-12-12
   status Pending 390-char remark

   Show marketing remark (390 chars)

   Recently updated 3 bedroom, 1.5 bath ranch style bungalow. Eat in kitchen and living room all on main floor, updated bathroom has a stackable washer and dryer. Fresh paint and flooring. Cute little front porch and nice deck on back. Attached 1 car garage w/ entry door back of house/garage. Great starter home or investment. New Price to include brand new washer and dryer and repairs done.

5. 2024-12-10
   status Active 390-char remark

   Show marketing remark (390 chars)

   Recently updated 3 bedroom, 1.5 bath ranch style bungalow. Eat in kitchen and living room all on main floor, updated bathroom has a stackable washer and dryer. Fresh paint and flooring. Cute little front porch and nice deck on back. Attached 1 car garage w/ entry door back of house/garage. Great starter home or investment. New Price to include brand new washer and dryer and repairs done.

6. 2024-10-21
   status Pending 390-char remark

   Show marketing remark (390 chars)

   Recently updated 3 bedroom, 1.5 bath ranch style bungalow. Eat in kitchen and living room all on main floor, updated bathroom has a stackable washer and dryer. Fresh paint and flooring. Cute little front porch and nice deck on back. Attached 1 car garage w/ entry door back of house/garage. Great starter home or investment. New Price to include brand new washer and dryer and repairs done.

7. 2024-10-17
   status Active 390-char remark

   Show marketing remark (390 chars)

   Recently updated 3 bedroom, 1.5 bath ranch style bungalow. Eat in kitchen and living room all on main floor, updated bathroom has a stackable washer and dryer. Fresh paint and flooring. Cute little front porch and nice deck on back. Attached 1 car garage w/ entry door back of house/garage. Great starter home or investment. New Price to include brand new washer and dryer and repairs done.

8. 2024-06-07
   price $120,000 390-char remark

   Show marketing remark (390 chars)

   Recently updated 3 bedroom, 1.5 bath ranch style bungalow. Eat in kitchen and living room all on main floor, updated bathroom has a stackable washer and dryer. Fresh paint and flooring. Cute little front porch and nice deck on back. Attached 1 car garage w/ entry door back of house/garage. Great starter home or investment. New Price to include brand new washer and dryer and repairs done.

9. 2024-05-10
   status Pending
10. 2024-05-08
    status Pending 390-char remark

    Show marketing remark (390 chars)

    Recently updated 3 bedroom, 1.5 bath ranch style bungalow. Eat in kitchen and living room all on main floor, updated bathroom has a stackable washer and dryer. Fresh paint and flooring. Cute little front porch and nice deck on back. Attached 1 car garage w/ entry door back of house/garage. Great starter home or investment. New Price to include brand new washer and dryer and repairs done.

11. 2024-05-06
    price $115,000

    Show marketing remark (390 chars)

    Recently updated 3 bedroom, 1.5 bath ranch style bungalow. Eat in kitchen and living room all on main floor, updated bathroom has a stackable washer and dryer. Fresh paint and flooring. Cute little front porch and nice deck on back. Attached 1 car garage w/ entry door back of house/garage. Great starter home or investment. New Price to include brand new washer and dryer and repairs done.

12. 2024-05-06
    price $115,000 390-char remark

    Show marketing remark (390 chars)

    Recently updated 3 bedroom, 1.5 bath ranch style bungalow. Eat in kitchen and living room all on main floor, updated bathroom has a stackable washer and dryer. Fresh paint and flooring. Cute little front porch and nice deck on back. Attached 1 car garage w/ entry door back of house/garage. Great starter home or investment. New Price to include brand new washer and dryer and repairs done.

13. 2024-04-16
    price $120,000 390-char remark

    Show marketing remark (390 chars)

    Recently updated 3 bedroom, 1.5 bath ranch style bungalow. Eat in kitchen and living room all on main floor, updated bathroom has a stackable washer and dryer. Fresh paint and flooring. Cute little front porch and nice deck on back. Attached 1 car garage w/ entry door back of house/garage. Great starter home or investment. New Price to include brand new washer and dryer and repairs done.

14. 2024-04-03
    price $128,000 390-char remark

    Show marketing remark (390 chars)

    Recently updated 3 bedroom, 1.5 bath ranch style bungalow. Eat in kitchen and living room all on main floor, updated bathroom has a stackable washer and dryer. Fresh paint and flooring. Cute little front porch and nice deck on back. Attached 1 car garage w/ entry door back of house/garage. Great starter home or investment. New Price to include brand new washer and dryer and repairs done.

15. 2024-04-03
    price $128,000

    Show marketing remark (390 chars)

    Recently updated 3 bedroom, 1.5 bath ranch style bungalow. Eat in kitchen and living room all on main floor, updated bathroom has a stackable washer and dryer. Fresh paint and flooring. Cute little front porch and nice deck on back. Attached 1 car garage w/ entry door back of house/garage. Great starter home or investment. New Price to include brand new washer and dryer and repairs done.

16. 2024-03-26
    listed $135,500 Active
17. 2024-03-25
    listed $135,500 Active 390-char remark

    Show marketing remark (390 chars)

    Recently updated 3 bedroom, 1.5 bath ranch style bungalow. Eat in kitchen and living room all on main floor, updated bathroom has a stackable washer and dryer. Fresh paint and flooring. Cute little front porch and nice deck on back. Attached 1 car garage w/ entry door back of house/garage. Great starter home or investment. New Price to include brand new washer and dryer and repairs done.

18. 2024-02-23
    soldstatus $60,000

ⓘ 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: $1,264 · $105/mo
• Projected year-2 tax: $1,990 · $166/mo
• Expected delta: +$725/yr (+$60/mo · 57.4%)

ⓘ 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: $16,925
• − Mortgage interest: −$6,442
• − Property taxes: −$1,264
• − Insurance: −$575
• − Repairs & maintenance: −$1,354
• − Management: −$1,354
• − Depreciation: −$3,345
• Taxable income: $2,591
• Est. tax owed @ 24.0%: −$622
• After-tax cash flow: $3,673/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

+66.7% since first listed

18 events — show timeline

• 2026-02-11 Pending — GIBOR
• 2024-12-18 Sold (Public Records) $100,000 Public Records
• 2024-12-18 Sold (MLS) $100,000 GMNMLS
• 2024-12-12 Pending — GMNMLS
• 2024-12-10 Relisted — GMNMLS
• 2024-10-21 Pending — GMNMLS
• 2024-10-17 Relisted — GMNMLS
• 2024-06-07 Price Changed $120,000 GMNMLS
• 2024-05-10 Pending — GIBOR
• 2024-05-08 Pending — GMNMLS
• 2024-05-06 Price Changed $115,000 GIBOR
• 2024-05-06 Price Changed $115,000 GMNMLS
• 2024-04-16 Price Changed $120,000 GMNMLS
• 2024-04-03 Price Changed $128,000 GMNMLS
• 2024-04-03 Price Changed $128,000 GIBOR
• 2024-03-26 Listed $135,500 GIBOR
• 2024-03-25 Listed $135,500 GMNMLS
• 2024-02-23 Sold (Public Records) $60,000 Public Records

Property tax history

+2.4%/yr

Latest (2025): $1,264 · +7.5% YoY. Source: county tax records.