18117 Ogden St · Omaha, NE 68022

$379,000

3 bd · 2.0 ba · 2,102 sqft · SingleFamily public records · 47 Days on market

Built 2024 7,536 sqft lot $180/sqft · 12% below area Est $410k · 8% under $10/mo HOA

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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).

• ARV discount +10.9/15.0
• Schools +6.9/10.0
• Cash flow +6.0/30.0
• Livability +4.2/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• 1% rule +1.7/10.0
• DSCR +0.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This stunning 4-bedroom, 3-bath walkout ranch offers the perfect blend of modern comfort and functional design. Featuring an open-concept main level, a spacious, fully finished basement, and a fenced in backyard, this home is designed for both relaxing family life and effortless entertaining. Enjoy the convenience of main-level living with expansive, bright spaces.

Key facts

• Fenced in backyard
• 7,536 sq ft lot
• 2 garage spots

Tags

• OPEN-CONCEPT MAIN LEVEL
• FULLY FINISHED BASEMENT
• FENCED IN BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $379k.

Deal economics

• At list price, monthly cash flow is $-732 ($-9k/yr) — negative.
• To cash-flow at today's rent, offer at most $250k (34.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $254k (32.9% below list).
• Recommended offer: $250k (34.1% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 84/100 on livability (#7 in NE, #663 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F.
• Elkhorn Public Schools (urban): math 77% / reading 76% proficiency, ranked #1 of 111 in NE (top 1%) — strong family-tenant draw, lease renewals of 3-5y typical; only 5% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising fast (+4.2%/yr); 793 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 4,539 units permitted in Douglas County in 2024 (2,583 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Douglas County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($368k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $249,639 (34.1% 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. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 34% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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?
7. 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.
8. 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.
9. 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: 0.67% ✗
• Cap rate: 3.97%
• Cash-on-cash: -8.28%
• DSCR: 0.63
• GRM: 12.4

CMA / ARV

• ARV (median comp): $410,030
• List price: $379,000
• Delta: -7.57%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5409 N 182 St	0.08mi	4/2.5 (+1)	2,129 (+1%)	1mo	$417,900	$196	86
5401 N 182 St	0.06mi	4/3.0 (+1)	1,949 (-7%)	1mo	$394,900	$203	75
5941 N 183 Ave	0.43mi	4/2.5 (+1)	2,209 (+5%)	2mo	$433,155	$196	63
5506 N 189 St	0.60mi	4/2.5 (+1)	2,053 (-2%)	0mo	$394,990	$192	61
5402 N 187th St	0.48mi	4/3.0 (+1)	2,191 (+4%)	1mo	$385,000	$176	61
5410 N 182 St	0.10mi	4/3.0 (+1)	2,409 (+15%)	2mo	$449,900	$187	61
5406 N 189 St	0.59mi	4/2.5 (+1)	2,053 (-2%)	2mo	$378,990	$185	60
5502 N 189 St	0.60mi	4/3.5 (+1)	2,191 (+4%)	0mo	$397,990	$182	54
5410 N 189 St	0.59mi	4/3.5 (+1)	2,191 (+4%)	2mo	$384,000	$175	53
17570 Grand Ave	0.58mi	4/2.5 (+1)	1,853 (-12%)	1mo	$365,000	$197	46
5413 N 190 St	0.67mi	4/2.5 (+1)	2,299 (+9%)	2mo	$460,000	$200	44
5401 N 190th St	0.67mi	4/2.5 (+1)	2,364 (+12%)	1mo	$505,000	$214	40

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 · 4.25% rent growth · sell at horizon

5-year hold

• IRR: -29.4%
• Equity multiple: 0.01×
• Total profit: $-104,700
• Equity at exit: $56,510

10-year hold

• IRR: -24.9%
• Equity multiple: -0.29×
• Total profit: $-137,127
• Equity at exit: $32,769

Cash invested: $106,120 (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 68022

• Home prices YoY: -33.9%
• Rents YoY: 4.2%
• Active inventory: 793
• Price-to-rent: 12.4×

Monthly cashflow live

• Estimated rent: $2,544 high
• Mortgage (P&I): −$1,988
• Tax from tax record: −$587 /mo · $7,042/yr
• Insurance: −$158
• HOA: −$10
• Vacancy / Maint / Mgmt: −$534
• Net cashflow: $-732

Break-even live

Break-even rent $3,471

Max offer price $249,639

Occupancy floor —

Sensitivity live

Price	-10% $-518	-5% $-625	+0% $-732	+5% $-840	+10% $-947
Rent	-10% $-933	-5% $-833	+0% $-732	+5% $-632	+10% $-531
Rate	-1.0pp $-541	-0.5pp $-636	base $-732	+0.5pp $-830	+1.0pp $-930

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: $94,750
• Closing costs: $11,370
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5903 N 183rd St Elkhorn, NE	4.0	3.0	2741	$2,800	$1.02	25d	1	0.40mi
19111 Grand Ave Elkhorn, NE	4.0–5.0	2.0–3.5	1882	$2,424	$1.29	3d	1	0.80mi
4309 N 175th Ave Omaha, NE	4.0	3.0	2970	$2,995	$1.01	25d	1	0.81mi
17214 Meredith Ave Unit LO Omaha, NE	4.0	3.0	2605	$3,100	$1.19	3d	1	0.88mi
4113 N 170th St Omaha, NE	3.0	2.0	1469	$2,150	$1.46	45d	1	1.22mi
17159 Spaulding St Omaha, NE	3.0	2.0	1416	$2,200	$1.55	45d	1	1.25mi

HOA detail

• Monthly dues: $10 · $120/yr

Listing history 10 events

1. 2026-05-18
   price $379,000 367-char remark

   Show marketing remark (367 chars)

   This stunning 4-bedroom, 3-bath walkout ranch offers the perfect blend of modern comfort and functional design. Featuring an open-concept main level, a spacious, fully finished basement, and a fenced in backyard, this home is designed for both relaxing family life and effortless entertaining. Enjoy the convenience of main-level living with expansive, bright spaces.

2. 2026-04-21
   price $385,000 367-char remark

   Show marketing remark (367 chars)

   This stunning 4-bedroom, 3-bath walkout ranch offers the perfect blend of modern comfort and functional design. Featuring an open-concept main level, a spacious, fully finished basement, and a fenced in backyard, this home is designed for both relaxing family life and effortless entertaining. Enjoy the convenience of main-level living with expansive, bright spaces.

3. 2026-04-08
   status Back On Market 367-char remark

   Show marketing remark (367 chars)

   This stunning 4-bedroom, 3-bath walkout ranch offers the perfect blend of modern comfort and functional design. Featuring an open-concept main level, a spacious, fully finished basement, and a fenced in backyard, this home is designed for both relaxing family life and effortless entertaining. Enjoy the convenience of main-level living with expansive, bright spaces.

4. 2026-04-08
   price $395,000 367-char remark

   Show marketing remark (367 chars)

   This stunning 4-bedroom, 3-bath walkout ranch offers the perfect blend of modern comfort and functional design. Featuring an open-concept main level, a spacious, fully finished basement, and a fenced in backyard, this home is designed for both relaxing family life and effortless entertaining. Enjoy the convenience of main-level living with expansive, bright spaces.

5. 2026-03-05
   status Pending 367-char remark

   Show marketing remark (367 chars)

   This stunning 4-bedroom, 3-bath walkout ranch offers the perfect blend of modern comfort and functional design. Featuring an open-concept main level, a spacious, fully finished basement, and a fenced in backyard, this home is designed for both relaxing family life and effortless entertaining. Enjoy the convenience of main-level living with expansive, bright spaces.

6. 2026-02-25
   listed $385,000 New 367-char remark

   Show marketing remark (367 chars)

   This stunning 4-bedroom, 3-bath walkout ranch offers the perfect blend of modern comfort and functional design. Featuring an open-concept main level, a spacious, fully finished basement, and a fenced in backyard, this home is designed for both relaxing family life and effortless entertaining. Enjoy the convenience of main-level living with expansive, bright spaces.

7. 2024-12-09
   soldstatus $381,779 Sold 997-char remark

   Show marketing remark (997 chars)

   Welcome to The Jordan by Celebrity Homes. This Ranch Design offers 3 bedrooms on the main floor (2 on one side, 1 on the other)…with privacy for the Owner’s Suite! The JORDAN Design has a spacious main floor Gathering Room leading into an Eat-In Island Kitchen and Dining Area. And with Raised Ceilings towering over 9’, the main floor seems even more spacious. Plenty of room in the lower level for a Rec Room, additional Bedroom, and even another ¾ Bath! Owner’s Suite is appointed with a walk-in closet, ¾ Privacy Bath Design with a Dual Vanity. Features of this 3 Bedroom, 2 Bath Home Include: 2 Car Garage with a Garage Door Opener, Refrigerator, Washer/Dryer Package, Quartz Countertops, Luxury Vinyl Panel Flooring (LVP) Package, Sprinkler System, Extended 2-10 Warranty Program, 3/4 Bath Rough-In, Professionally Installed Blinds, and that’s just the start! (Pictures of Model Home) Price may reflect promotional discounts, if applicable

8. 2024-05-29
   price $381,779 997-char remark

   Show marketing remark (997 chars)

   Welcome to The Jordan by Celebrity Homes. This Ranch Design offers 3 bedrooms on the main floor (2 on one side, 1 on the other)…with privacy for the Owner’s Suite! The JORDAN Design has a spacious main floor Gathering Room leading into an Eat-In Island Kitchen and Dining Area. And with Raised Ceilings towering over 9’, the main floor seems even more spacious. Plenty of room in the lower level for a Rec Room, additional Bedroom, and even another ¾ Bath! Owner’s Suite is appointed with a walk-in closet, ¾ Privacy Bath Design with a Dual Vanity. Features of this 3 Bedroom, 2 Bath Home Include: 2 Car Garage with a Garage Door Opener, Refrigerator, Washer/Dryer Package, Quartz Countertops, Luxury Vinyl Panel Flooring (LVP) Package, Sprinkler System, Extended 2-10 Warranty Program, 3/4 Bath Rough-In, Professionally Installed Blinds, and that’s just the start! (Pictures of Model Home) Price may reflect promotional discounts, if applicable

9. 2024-05-29
   historical 997-char remark

   Show marketing remark (997 chars)

   Welcome to The Jordan by Celebrity Homes. This Ranch Design offers 3 bedrooms on the main floor (2 on one side, 1 on the other)…with privacy for the Owner’s Suite! The JORDAN Design has a spacious main floor Gathering Room leading into an Eat-In Island Kitchen and Dining Area. And with Raised Ceilings towering over 9’, the main floor seems even more spacious. Plenty of room in the lower level for a Rec Room, additional Bedroom, and even another ¾ Bath! Owner’s Suite is appointed with a walk-in closet, ¾ Privacy Bath Design with a Dual Vanity. Features of this 3 Bedroom, 2 Bath Home Include: 2 Car Garage with a Garage Door Opener, Refrigerator, Washer/Dryer Package, Quartz Countertops, Luxury Vinyl Panel Flooring (LVP) Package, Sprinkler System, Extended 2-10 Warranty Program, 3/4 Bath Rough-In, Professionally Installed Blinds, and that’s just the start! (Pictures of Model Home) Price may reflect promotional discounts, if applicable

10. 2024-05-18
    listed $380,700 997-char remark

    Show marketing remark (997 chars)

    Welcome to The Jordan by Celebrity Homes. This Ranch Design offers 3 bedrooms on the main floor (2 on one side, 1 on the other)…with privacy for the Owner’s Suite! The JORDAN Design has a spacious main floor Gathering Room leading into an Eat-In Island Kitchen and Dining Area. And with Raised Ceilings towering over 9’, the main floor seems even more spacious. Plenty of room in the lower level for a Rec Room, additional Bedroom, and even another ¾ Bath! Owner’s Suite is appointed with a walk-in closet, ¾ Privacy Bath Design with a Dual Vanity. Features of this 3 Bedroom, 2 Bath Home Include: 2 Car Garage with a Garage Door Opener, Refrigerator, Washer/Dryer Package, Quartz Countertops, Luxury Vinyl Panel Flooring (LVP) Package, Sprinkler System, Extended 2-10 Warranty Program, 3/4 Bath Rough-In, Professionally Installed Blinds, and that’s just the start! (Pictures of Model Home) Price may reflect promotional discounts, if applicable

ⓘ 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: $7,042 · $587/mo
• Projected year-2 tax: $7,042 · $587/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $30,531
• − Mortgage interest: −$21,230
• − Property taxes: −$7,042
• − Insurance: −$1,895
• − Repairs & maintenance: −$2,442
• − Management: −$2,442
• − HOA: −$120
• − Depreciation: −$11,025
• Taxable loss: −$15,666
• Est. tax savings @ 24.0%: +$3,760
• After-tax cash flow: $-5,028/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: Elkhorn Public Schools
• NCES district ID: 3170110
• Math proficiency: 77% ▼ -7.00%
• Reading proficiency: 76% ▼ -6.00%
• Median HH income: $96,478
• Composite: 69.21/100
• National rank: #318
• State rank: #1 of 111 in NE

Livability — Omaha

• Score: 84/100
• State rank: #7
• US rank: #663

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Douglas County · 538,646 people
• City population: 552,986
• Metro: Omaha-Council Bluffs, NE-IA
• Population (ZIP): 36,538
• Household income: $148,111
• Rent vs Own: 26.0% rent · 74.0% own
• Severe rent burden: 651.0

Population outlook (Douglas County) Hauer SSP2

• Today (2025): 625,245 people
• By 2030: 661,613 · +5.8%
• By 2040: 732,395 · +17.1%
• By 2050: 801,988 · +28.3%
• By 2075: 968,637 · +54.9%
• By 2100: 1,101,871 · +76.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Two or more races 6% Asian 4% Hispanic / Latino 4% Black 1%
• Common ancestry: Portuguese 3% Romanian 3% Iranian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 94% English-only · Other Indo-European 1% Other Asian/Pacific 1% Spanish 1%

Political lean MEDSL · Douglas

• 2024 margin: D (+10.2) · D 54.4% · R 44.2% · Other 1.4%
• 2008→2024 swing: +5.5pp toward D · 2008: 4.6pp · 2024: 10.2pp
• All cycles: 2024: D+10.2 2020: D+11.3 2016: D+1.4 2012: R+4.3 2008: D+4.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -102.67%
• Current HPI: 200.1245
• Rent YoY: ▲ 4.25%
• Metro: Omaha-Council Bluffs, NE-IA
• 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

-0.4% since first listed

10 events — show timeline

• 2026-05-18 Price Changed $379,000 GPRMLS
• 2026-04-21 Price Changed $385,000 GPRMLS
• 2026-04-08 Relisted — GPRMLS
• 2026-04-08 Price Changed $395,000 GPRMLS
• 2026-03-05 Pending — GPRMLS
• 2026-02-25 Listed $385,000 GPRMLS
• 2024-12-09 Sold (MLS) $381,779 GPRMLS
• 2024-05-29 Listing Removed — GPRMLS
• 2024-05-29 Price Changed $381,779 GPRMLS
• 2024-05-18 Listed $380,700 GPRMLS

Property tax history

+221.4%/yr

Latest (2025): $7,042 · +1035.3% YoY. Source: county tax records.