199 Pine St

Tilden, NE 68781

$69,900B+

3 bd · 2.0 ba · 1,782 sqft · Built 1995 · SingleFamily · Active · 220 DOM

Cashflow @ list (25.0% down · 7.5%)

• Estimated rent: $1,211/mo
• Mortgage (P&I): −$367
• Tax + insurance: −$96
• HOA: −$0
• Vac / Maint / Mgmt: −$254
• Net cashflow: $494/mo
• Annual: $5,932/yr
• Cap rate: 14.78%
• Cash-on-cash: 30.31%
• DSCR: 2.35
• 1% rule: 1.73%
• Cash to close: $19,572

Investor read

• This is a 3-bed/2.0-bath single-family listed at $70k.
• At list price, monthly cash flow is $494 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• It's been on market 220 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.
• In year one you build about $3k of equity ($483 loan paydown + $3k appreciation (4.0% local appreciation)).
• Location reads 74/100 on livability (#117 in NE, #4,564 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Elkhorn Valley Schools (rural): math 47% / reading 54% proficiency, ranked #66 of 111 in NE (top 60%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Elkhorn Valley Elementary Sch (math 57% / reading 57%, grade C+, #136 of 502 statewide, top 31%, 258 students, 26% FRL); Elkhorn Valley High School (math 37% / reading 52%, grade F, #146 of 261 statewide, top 67%, 188 students, 27% FRL) — zoned schools at 26% FRL track the district average.
• Market conditions: 7 active listings in the ZIP; 13 units permitted in Antelope County in 2024 (0 in 5+ unit buildings).
• Antelope County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• Current owner paid $52k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.
• At projected returns (4.0% appreciation + 3.0% rent growth), your $20k 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.

Questions for listing agent

• It's been on market 220 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
• Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
• Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
• 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.
• 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.
• 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.