414 S Bellevue Ave · Hastings, NE 68901

$144,000

3 bd · 1.0 ba · 1,376 sqft · SingleFamily public records · 31 Days on market

Built 1890 $105/sqft · 8% above area Est $133k · 8% over

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Why this score? — see what drove the C 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 +25.2/30.0
• DSCR +8.2/10.0
• 1% rule +6.1/10.0
• Livability +4.0/5.0
• ARV discount +3.9/15.0
• 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

This charming 3-bedroom, 1-bathroom ranch-style home offers comfortable one-level living in Hastings. The thoughtfully updated interior features new flooring throughout, a modernized bathroom, and a spacious new walk-in closet in the primary bedroom. An open-concept layout seamlessly connects the kitchen, dining, and living areas, creating a bright and welcoming space for daily living and entertaining. Additional conveniences include a dedicated office and a practical mudroom/laundry room, with a 1-car detached garage completing the package. It is conveniently located close Carter Park, this home is perfect for families, downsizers, or investors looking for a solid opportunity.

Key facts

• Walk-in closet
• Modernized bathroom
• Updated interior

Tags

• ONE LEVEL LIVING
• UPDATED INTERIOR
• MODERNIZED BATHROOM
• WALK-IN CLOSET
• OPEN-CONCEPT LAYOUT
• DEDICATED OFFICE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $144k.

Deal economics

• At list price, monthly cash flow is $321 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $144k).
• Recommended offer: $140k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.0% 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.
• 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 $996 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $99k; 45% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $139,680 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 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 1890 — 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: 1.11% ✓
• Cap rate: 8.97%
• Cash-on-cash: 9.55%
• DSCR: 1.42
• GRM: 7.5

CMA / ARV

• ARV (median comp): $133,365
• List price: $144,000
• Delta: 7.97%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
527 S New York Ave	0.21mi	2/1.0 (-1)	1,340 (-3%)	16mo	$112,000	$84	67
1423 W B St	0.33mi	3/1.0	1,488 (+8%)	20mo	$132,000	$89	54
512 W F St	0.49mi	3/3.0	1,395 (+1%)	16mo	$195,000	$140	54
1610 W 3rd St	0.62mi	2/1.0 (-1)	1,408 (+2%)	11mo	$126,000	$89	53
1718 W 3rd St	0.68mi	2/1.0 (-1)	1,393 (+1%)	11mo	$81,000	$58	52
1122 W 6th St	0.63mi	3/1.0	1,516 (+10%)	5mo	$150,000	$99	50
1210 W 7th St	0.70mi	2/1.0 (-1)	1,329 (-3%)	10mo	$160,000	$120	48
1139 W 5th St	0.55mi	2/1.0 (-1)	1,247 (-9%)	13mo	$120,000	$96	43

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: -1.9%
• Equity multiple: 0.93×
• Total profit: $-2,916
• Equity at exit: $21,471

10-year hold

• IRR: 7.8%
• Equity multiple: 1.59×
• Total profit: $23,722
• Equity at exit: $12,450

Cash invested: $40,320 (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: 7.5×

Monthly cashflow live

• Estimated rent: $1,593 medium
• Mortgage (P&I): −$755
• Tax from tax record: −$123 /mo · $1,472/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $321

Break-even live

Break-even rent $1,187

Max offer price $144,000

Occupancy floor 75%

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: $36,000
• Closing costs: $4,320
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-05-02
   status Pending 686-char remark

   Show marketing remark (686 chars)

   This charming 3-bedroom, 1-bathroom ranch-style home offers comfortable one-level living in Hastings. The thoughtfully updated interior features new flooring throughout, a modernized bathroom, and a spacious new walk-in closet in the primary bedroom. An open-concept layout seamlessly connects the kitchen, dining, and living areas, creating a bright and welcoming space for daily living and entertaining. Additional conveniences include a dedicated office and a practical mudroom/laundry room, with a 1-car detached garage completing the package. It is conveniently located close Carter Park, this home is perfect for families, downsizers, or investors looking for a solid opportunity.

2. 2026-04-16
   price $144,000 686-char remark

   Show marketing remark (686 chars)

   This charming 3-bedroom, 1-bathroom ranch-style home offers comfortable one-level living in Hastings. The thoughtfully updated interior features new flooring throughout, a modernized bathroom, and a spacious new walk-in closet in the primary bedroom. An open-concept layout seamlessly connects the kitchen, dining, and living areas, creating a bright and welcoming space for daily living and entertaining. Additional conveniences include a dedicated office and a practical mudroom/laundry room, with a 1-car detached garage completing the package. It is conveniently located close Carter Park, this home is perfect for families, downsizers, or investors looking for a solid opportunity.

3. 2026-03-31
   listed $150,000 Active 686-char remark

   Show marketing remark (686 chars)

   This charming 3-bedroom, 1-bathroom ranch-style home offers comfortable one-level living in Hastings. The thoughtfully updated interior features new flooring throughout, a modernized bathroom, and a spacious new walk-in closet in the primary bedroom. An open-concept layout seamlessly connects the kitchen, dining, and living areas, creating a bright and welcoming space for daily living and entertaining. Additional conveniences include a dedicated office and a practical mudroom/laundry room, with a 1-car detached garage completing the package. It is conveniently located close Carter Park, this home is perfect for families, downsizers, or investors looking for a solid opportunity.

4. 2023-06-16
   soldstatus $99,000

ⓘ 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: $1,472 · $123/mo
• Projected year-2 tax: $2,491 · $208/mo
• Expected delta: +$1,019/yr (+$85/mo · 69.2%)

ⓘ 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: $19,118
• − Mortgage interest: −$8,066
• − Property taxes: −$1,472
• − Insurance: −$720
• − Repairs & maintenance: −$1,529
• − Management: −$1,529
• − Depreciation: −$4,189
• Taxable income: $1,612
• Est. tax owed @ 24.0%: −$387
• After-tax cash flow: $3,462/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

+45.5% since first listed

4 events — show timeline

• 2026-05-02 Pending — GMNMLS
• 2026-04-16 Price Changed $144,000 GMNMLS
• 2026-03-31 Listed $150,000 GMNMLS
• 2023-06-16 Sold (Public Records) $99,000 Public Records

Property tax history

+6.2%/yr

Latest (2025): $1,472 · +6.4% YoY. Source: county tax records.