51 N Seward St · Red Cloud, NE 68970

$142,000

3 bd · 2.0 ba · 1,816 sqft · SingleFamily public records · 89 Days on market

Built 1900 9,583 sqft lot $78/sqft · 68% above area

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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 +16.3/30.0
• ARV discount +7.5/15.0
• Appreciation +6.8/10.0
• DSCR +5.0/10.0
• Livability +3.7/5.0
• 1% rule +3.6/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This two-story home is full of potential and ready for you to make it your own! The main level offers a spacious living room, formal dining area, and a functional galley-style kitchen, along with the convenience of main-floor laundry. You’ll also find a comfortable bedroom and full bathroom on the main level. Upstairs features two additional bedrooms, a ¾ bathroom, and a versatile office nook or den—perfect for working from home or creating a cozy reading space. Step outside to enjoy the covered patio, ideal for relaxing or entertaining, along with a large two-car detached garage for added storage and convenience. With a little TLC, this home could truly shine. Plus, the seller is offering an $8,000 credit toward a new main-floor HVAC system, and a flooring allowance is negotiable—giving you the opportunity to add your own personal touches from the start!

Key facts

• Covered patio
• Main-floor laundry
• Detached garage

Tags

• MAIN-FLOOR LAUNDRY
• COVERED PATIO
• DETACHED GARAGE
• OFFICE NOOK

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $142k.

Deal economics

• At list price, monthly cash flow is $78 ($930/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $122k (13.8% below list).
• Recommended offer: $122k (13.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 74/100 on livability (#121 in NE, #4,675 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D+, amenities F, commute F.
• Red Cloud Community Schools (rural): math 40% / reading 40% proficiency, ranked #219 of 245 in NE (top 89%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Red Cloud Elementary School (math 47% / reading 37%, grade F, #319 of 502 statewide, top 68%, 163 students, 58% FRL); Red Cloud High School (math 44% / reading 44%, grade F, #146 of 261 statewide, top 67%, 106 students, 46% FRL).
• Market conditions: 7 active listings in the ZIP; 2 units permitted in Webster County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($982 loan paydown + $5k appreciation (3.5% local appreciation)).
• Webster County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (3.5% appreciation + 3.0% rent growth), your $40k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 89 days — a 6% lower offer ($133k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.
• Current owner paid $75k; list at $142k implies a 89% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $122,370 (13.8% below list)

Questions for the listing agent

1. It's been on market 89 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 0.86% ✗
• Cap rate: 6.95%
• Cash-on-cash: 2.34%
• DSCR: 1.10
• GRM: 9.7

CMA / ARV

• ARV (median comp): $83,127
• List price: $142,000
• Delta: 70.82%
• Verdict: OVERPRICED
• Comps: 5 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
29 N Webster St	0.18mi	3/1.0	1,756 (-3%)	6mo	$71,500	$41	78
442 N Franklin St	0.42mi	2/2.0 (-1)	1,882 (+4%)	4mo	$125,000	$66	66

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

Projected returns pro-forma

3.54% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.1%
• Equity multiple: 1.66×
• Total profit: $26,136
• Equity at exit: $68,245

10-year hold

• IRR: 13.0%
• Equity multiple: 3.04×
• Total profit: $81,092
• Equity at exit: $108,727

Cash invested: $39,760 (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 68970

• Home prices YoY: 1.6%
• Active inventory: 7
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,224 medium
• Mortgage (P&I): −$745
• Tax from tax record: −$85 /mo · $1,025/yr
• Insurance: −$59
• HOA: −$0
• Vacancy / Maint / Mgmt: −$257
• Net cashflow: $78

Break-even live

Break-even rent $1,126

Max offer price $142,000

Occupancy floor 89%

Sensitivity live

Price	-10% $158	-5% $118	+0% $78	+5% $37	+10% $-3
Rent	-10% $-19	-5% $29	+0% $78	+5% $126	+10% $174
Rate	-1.0pp $149	-0.5pp $114	base $78	+0.5pp $41	+1.0pp $3

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: $35,500
• Closing costs: $4,260
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-22
   days on market $142,000 Active 89 DOM
2. 2026-06-21
   days on market $142,000 Active 88 DOM
3. 2026-06-21
   days on market $142,000 Active 87 DOM
4. 2026-06-18
   days on market $142,000 Active 85 DOM
5. 2026-06-17
   days on market $142,000 Active 84 DOM
6. 2026-06-16
   days on market $142,000 Active 83 DOM
7. 2026-06-15
   days on market $142,000 Active 82 DOM
8. 2026-06-13
   days on market $142,000 Active 80 DOM
9. 2026-06-12
   days on market $142,000 Active 79 DOM
10. 2026-06-09
    days on market $142,000 Active 76 DOM
11. 2026-06-08
    days on market $142,000 Active 75 DOM
12. 2026-06-07
    days on market $142,000 Active 74 DOM
13. 2026-06-05
    days on market $142,000 Active 72 DOM
14. 2026-06-04
    days on market $142,000 Active 70 DOM
15. 2026-06-02
    days on market $142,000 Active 69 DOM
16. 2026-06-01
    days on market $142,000 Active 68 DOM
17. 2026-05-31
    days on market $142,000 Active 67 DOM
18. 2026-05-07
    price $144,000 892-char remark

    Show marketing remark (892 chars)

    This two-story home is full of potential and ready for you to make it your own! The main level offers a spacious living room, formal dining area, and a functional galley-style kitchen, along with the convenience of main-floor laundry. You’ll also find a comfortable bedroom and full bathroom on the main level. Upstairs features two additional bedrooms, a ¾ bathroom, and a versatile office nook or den—perfect for working from home or creating a cozy reading space. Step outside to enjoy the covered patio, ideal for relaxing or entertaining, along with a large two-car detached garage for added storage and convenience. With a little TLC, this home could truly shine. Plus, the seller is offering an $8,000 credit toward a new main-floor HVAC system, and a flooring allowance is negotiable—giving you the opportunity to add your own personal touches from the start!

19. 2026-03-25
    listed $146,000 New 892-char remark

    Show marketing remark (892 chars)

    This two-story home is full of potential and ready for you to make it your own! The main level offers a spacious living room, formal dining area, and a functional galley-style kitchen, along with the convenience of main-floor laundry. You’ll also find a comfortable bedroom and full bathroom on the main level. Upstairs features two additional bedrooms, a ¾ bathroom, and a versatile office nook or den—perfect for working from home or creating a cozy reading space. Step outside to enjoy the covered patio, ideal for relaxing or entertaining, along with a large two-car detached garage for added storage and convenience. With a little TLC, this home could truly shine. Plus, the seller is offering an $8,000 credit toward a new main-floor HVAC system, and a flooring allowance is negotiable—giving you the opportunity to add your own personal touches from the start!

20. 2025-04-28
    price $174,000
21. 2025-02-12
    price $180,000
22. 2025-01-21
    listed $200,000 Active
23. 2018-08-15
    soldstatus $75,000

ⓘ 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: $1,025 · $85/mo
• Projected year-2 tax: $2,457 · $205/mo
• Expected delta: +$1,432/yr (+$119/mo · 139.7%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,684
• − Mortgage interest: −$7,954
• − Property taxes: −$1,025
• − Insurance: −$710
• − Repairs & maintenance: −$1,175
• − Management: −$1,175
• − Depreciation: −$4,131
• Taxable loss: −$1,485
• Est. tax savings @ 24.0%: +$356
• After-tax cash flow: $1,286/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: Red Cloud Community Schools
• NCES district ID: 3175990
• Math proficiency: 40% ▼ -5.00%
• Reading proficiency: 40% ▬ 0.00%
• Median HH income: $35,560
• Composite: 35.54/100
• National rank: #9734
• State rank: #219 of 245 in NE

Livability — Red Cloud

• Score: 74/100
• State rank: #121
• US rank: #4675

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Red Cloud, NE
• Population (ZIP): 1,243

Population outlook (Webster County) Hauer SSP2

• Today (2025): 3,563 people
• By 2030: 3,510 · -1.5%
• By 2040: 3,463 · -2.8%
• By 2050: 3,394 · -4.7%
• By 2075: 3,239 · -9.1%
• By 2100: 2,706 · -24.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 4% Hispanic / Latino 4% Native American 2%
• Common ancestry: Scottish 2% Lithuanian 2% Portuguese 2%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Webster

• 2024 margin: Solid R (+65.4) · D 16.8% · R 82.2% · Other 1.0%
• 2008→2024 swing: -27.9pp toward R · 2008: -37.5pp · 2024: -65.4pp
• All cycles: 2024: R+65.4 2020: R+62.7 2016: R+60.1 2012: R+47.1 2008: R+37.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.54%
• Current HPI: 224.6825
• 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

+92.0% since first listed

6 events — show timeline

• 2026-05-07 Price Changed $144,000 GPRMLS
• 2026-03-25 Listed $146,000 GPRMLS
• 2025-04-28 Price Changed $174,000 GMNMLS
• 2025-02-12 Price Changed $180,000 GMNMLS
• 2025-01-21 Listed $200,000 GMNMLS
• 2018-08-15 Sold (Public Records) $75,000 Public Records

Property tax history

-2.0%/yr

Latest (2025): $1,025 · +9.2% YoY. Source: county tax records.