406 C Ave · Axtell, NE 68924

$94,900

3 bd · 3.0 ba · 2,219 sqft · SingleFamily public records · 4 Days on market

Built 1906 0.31 ac lot $43/sqft · 52% below area

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +7.2/10.0
• Schools +4.9/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

This home is the perfect summer project! It has a great location and a large lot with great sq ft and 2 car garage. Newer windows throughout the home!

Key facts

• 0.31 acre lot
• 2 garage spots
• Built 1906

Property features AI

Finance

• Financial info: Annual taxes listed

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Frame construction with wood siding
• Exterior features: 96 x 140 lot; Residential zoning

Interior

• Bathrooms: One main-level bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Partial basement
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $450 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).

Location & tenants

• Location reads 70/100 on livability (#221 in NE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, amenities F, commute F.
• Axtell Community Schools (rural): math 65% / reading 45% proficiency, ranked #97 of 245 in NE (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 15% free/reduced lunch — higher-income household profile.
• Zoned schools: Axtell Elementary School (math 52% / reading 57%, grade C, #161 of 502 statewide, top 38%, 200 students, 28% FRL); Axtell High School (math 44% / reading 44%, grade F, #146 of 261 statewide, top 67%, 135 students, 31% FRL).
• Market conditions: 10 active listings in the ZIP; 10 units permitted in Kearney County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($656 loan paydown + $4k appreciation (4.5% local appreciation)).
• Kearney County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (4.5% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$31k 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: built in 1906 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $94,900

Questions for the listing agent

1. Built in 1906 — 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. Schools are A-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?
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: 1.53% ✓
• Cap rate: 11.98%
• Cash-on-cash: 20.32%
• DSCR: 1.90
• GRM: 5.4

CMA / ARV

• ARV (median comp): $236,280
• List price: $94,900
• Delta: -59.84%
• Verdict: UNDERPRICED
• Comps: 13 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
403 W 5th St	0.06mi	4/2.0 (+1)	2,322 (+5%)	18mo	$165,000	$71	66
501 A Ave	0.11mi	3/1.0	1,944 (-12%)	3mo	$229,500	$118	64
103 E 5th St	0.29mi	4/2.0 (+1)	2,109 (-5%)	20mo	$187,000	$89	53

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

4.48% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 29.6%
• Equity multiple: 2.80×
• Total profit: $47,798
• Equity at exit: $50,821

10-year hold

• IRR: 28.7%
• Equity multiple: 5.56×
• Total profit: $121,224
• Equity at exit: $85,357

Cash invested: $26,572 (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 68924

• Home prices YoY: 2.5%
• Active inventory: 10
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,453 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$161 /mo · $1,929/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $450

Break-even live

Break-even rent $883

Max offer price $94,900

Occupancy floor 64%

Sensitivity live

Price	-10% $504	-5% $477	+0% $450	+5% $423	+10% $396
Rent	-10% $335	-5% $393	+0% $450	+5% $507	+10% $565
Rate	-1.0pp $498	-0.5pp $474	base $450	+0.5pp $425	+1.0pp $400

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: $23,725
• Closing costs: $2,847
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-05-12
   status Pending 151-char remark
2. 2026-05-06
   listed $94,900 Active 151-char remark

ⓘ 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: $1,929 · $161/mo
• Projected year-2 tax: $1,929 · $161/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥101°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: $17,437
• − Mortgage interest: −$5,316
• − Property taxes: −$1,929
• − Insurance: −$474
• − Repairs & maintenance: −$1,395
• − Management: −$1,395
• − Depreciation: −$2,761
• Taxable income: $4,167
• Est. tax owed @ 24.0%: −$1,000
• After-tax cash flow: $4,399/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: Axtell Community Schools
• NCES district ID: 3103420
• Math proficiency: 65% ▲ 15.00%
• Reading proficiency: 45% ▲ 10.00%
• Median HH income: $55,039
• Composite: 49.27/100
• National rank: #4367
• State rank: #97 of 245 in NE

Livability — Axtell

• Score: 70/100
• State rank: #221
• US rank: #7798

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Axtell, NE
• Population (ZIP): 1,403

Population outlook (Kearney County) Hauer SSP2

• Today (2025): 6,866 people
• By 2030: 7,013 · +2.1%
• By 2040: 7,352 · +7.1%
• By 2050: 7,765 · +13.1%
• By 2075: 9,479 · +38.1%
• By 2100: 11,070 · +61.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 4% Hispanic / Latino 2% Native American 2%
• Common ancestry: Lithuanian 2% Romanian 1% Portuguese 1%
• Foreign-born: 2%
• Languages at home: 97% English-only · German/W. Germanic 1% Other Asian/Pacific 1% Spanish 1%

Political lean MEDSL · Kearney

• 2024 margin: Solid R (+58.0) · D 20.4% · R 78.5% · Other 1.1%
• 2008→2024 swing: -15.3pp toward R · 2008: -42.8pp · 2024: -58.0pp
• All cycles: 2024: R+58.0 2020: R+58.6 2016: R+60.7 2012: R+50.1 2008: R+42.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.48%
• Current HPI: 186.5328
• 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

2 events — show timeline

• 2026-05-12 Pending — GMNMLS
• 2026-05-06 Listed $94,900 GMNMLS

Property tax history

-0.1%/yr

Latest (2025): $1,929 · +2.3% YoY. Source: county tax records.