4519 Browne St · Omaha, NE 68104

$155,000

3 bd · 2.0 ba · 1,510 sqft · SingleFamily public records · 52 Days on market

Built 1953 6,098 sqft lot $103/sqft · 23% below area Est $141k · 10% over

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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).

• Cash flow +20.9/30.0
• DSCR +6.7/10.0
• 1% rule +5.7/10.0
• Livability +4.2/5.0
• Rent growth +3.1/5.0
• ARV discount +2.9/15.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Good Opportunity! Priced according to condition and $25,000 below assessed value. 3 main floor bedrooms, 2 baths, and walkout basement. Bank owned, seller exempt from disclosure, sold in as is condition. Garage has a partial wall which would need to be removed to allow a vehicle to be parked in it. AMA.

Key facts

• 6,098 sq ft lot
• Garage
• Built 1953

Property features AI

Exterior

• Parking: Attached covered garage for 1 car
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property; Not new (built in 1953); One-story entry (living area all above grade)
• Construction: Block foundation; Built in 1953
• Exterior features: Patio; Chain-link fencing; Lot approximately 0.14 acres (50 x 128)

Interior

• Bedrooms: Master bedroom on the main floor; Additional bedrooms on the main floor
• Bathrooms: Two full bathrooms (one on the main floor, one below grade)
• Heating & cooling: Electric forced-air heating; Central air conditioning
• Interior features: Full basement; No fireplaces

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $216 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $150k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 3.6% in Omaha — 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 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.
• Omaha Public Schools (urban): math 20% / reading 28% proficiency, ranked #110 of 111 in NE (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Central Park Elementary School (math 12% / reading 17%, grade F, #484 of 502 statewide, top 97%, 359 students, 0% FRL); Nathan Hale Magnet Middle School (math 13% / reading 18%, grade F, #125 of 128 statewide, top 98%, 620 students, 0% FRL); North High School (math 21% / reading 25%, grade F, #247 of 261 statewide, top 95%, 1,796 students, 0% FRL) — zoned schools average 0% FRL vs 62% district-wide (62 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+2.4%/yr); 176 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 4,539 units permitted in Douglas County in 2024 (2,583 in 5+ unit buildings).
• This rent runs 33% of the median local income ($61k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 52 days — a 3% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 17y 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.
• Current owner paid $25k; list at $155k implies a 520% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $150,350 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 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 1953 — 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. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.07% ✓
• Cap rate: 7.96%
• Cash-on-cash: 5.96%
• DSCR: 1.27
• GRM: 7.8

CMA / ARV

• ARV (median comp): $140,762
• List price: $155,000
• Delta: 10.12%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4818 Grand Ave	0.29mi	3/2.0	1,510 (0%)	2mo	$102,000	$68	85
4851 Browne St	0.27mi	3/1.5	1,557 (+3%)	5mo	$235,000	$151	76
4573 Butler Ave	0.30mi	3/2.0	1,398 (-7%)	0mo	$255,000	$182	74
4536 Camden Ave	0.08mi	3/1.0	1,378 (-9%)	6mo	$230,000	$167	73
4740 N 39th St	0.55mi	4/2.0 (+1)	1,524 (+1%)	1mo	$195,000	$128	67
5004 N 48th St	0.22mi	3/1.5	1,683 (+12%)	4mo	$215,000	$128	65
4740 N 40th Ave	0.44mi	4/1.0 (+1)	1,548 (+2%)	2mo	$178,000	$115	65
4908 N 48 St	0.23mi	3/1.0	1,308 (-13%)	4mo	$180,000	$138	60
5351 N 47th Ave	0.30mi	3/1.0	1,306 (-14%)	1mo	$195,000	$149	58
4240 Nebraska Ave	0.73mi	2/1.5 (-1)	1,512 (+0%)	2mo	$166,000	$110	57
4419 N 39th St	0.71mi	3/1.0	1,417 (-6%)	6mo	$120,000	$85	48
5302 N 39th Cir	0.55mi	3/2.0	1,300 (-14%)	5mo	$120,000	$92	47

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 · 2.35% rent growth · sell at horizon

5-year hold

• IRR: -7.8%
• Equity multiple: 0.71×
• Total profit: $-12,426
• Equity at exit: $23,111

10-year hold

• IRR: 0.9%
• Equity multiple: 1.06×
• Total profit: $2,655
• Equity at exit: $13,402

Cash invested: $43,400 (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 68104

• Rents YoY: 2.4%
• Active inventory: 176
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,657 high
• Mortgage (P&I): −$813
• Tax from tax record: −$216 /mo · $2,592/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$348
• Net cashflow: $216

Break-even live

Break-even rent $1,384

Max offer price $155,000

Occupancy floor 82%

Sensitivity live

Price	-10% $303	-5% $259	+0% $216	+5% $172	+10% $128
Rent	-10% $85	-5% $150	+0% $216	+5% $281	+10% $346
Rate	-1.0pp $294	-0.5pp $255	base $216	+0.5pp $175	+1.0pp $135

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4657 Camden Ave Omaha, NE	3.0	1.0	1250	$1,500	$1.20	45d	1	0.17mi
4240 Fowler Ave Omaha, NE	4.0	2.0	1956	$1,895	$0.97	25d	1	0.33mi
4918 Ames Ave Unit 17 Omaha, NE	2.0	1.5	1074	$850	$0.79	25d	1	0.46mi
4707 N 40th Ave Omaha, NE	3.0	1.0	1337	$1,500	$1.12	22d	1	0.51mi
4655 Curtis Ave Omaha, NE	3.0	2.0	2000	$1,900	$0.95	45d	1	0.73mi
3808 N 48th St Omaha, NE	3.0	2.0	1400	$2,000	$1.43	4d	1	0.81mi
3535 N 45th Ave Omaha, NE	3.0	1.0	1325	$1,800	$1.36	45d	1	0.92mi
3901 Curtis Ave Omaha, NE	2.0	2.5	1745	$1,850	$1.06	4d	1	0.92mi
3508 N 47th Ave Omaha, NE	3.0	1.0	1425	$1,600	$1.12	20d	1	0.99mi
4114 N 54th St Omaha, NE	3.0	2.0	1683	$1,745	$1.04	4d	1	1.00mi
4026 Bauman Ave Omaha, NE	4.0	1.0	1350	$1,695	$1.26	45d	1	1.01mi
5615 Northampton Blvd Omaha, NE	3.0	1.0–1.5	781	$1,500	$1.92	3d	1	1.19mi
3002 N 48th Ave Omaha, NE	4.0	2.0	1205	$1,550	$1.29	25d	1	1.33mi
4276 Binney St Omaha, NE	4.0	1.0	1358	$1,495	$1.10	45d	1	1.36mi
2914 N 49th Ave Omaha, NE	3.0	1.0	1375	$1,615	$1.17	25d	1	1.39mi
4874 Maple St Omaha, NE	3.0	1.0	1098	$1,545	$1.41	45d	1	1.39mi
6029 Nebraska Ave Omaha, NE	4.0	2.0	1840	$2,000	$1.09	25d	1	1.42mi
6124 N 30th St Unit STREET2 Omaha, NE	2.0	1.0	1190	$1,075	$0.90	45d	1	1.47mi

Listing history 21 events

1. 2026-06-21
   days on market $155,000 Active 52 DOM
2. 2026-06-18
   days on market $155,000 Active 49 DOM
3. 2026-06-17
   days on market $155,000 Active 48 DOM
4. 2026-06-16
   days on market $155,000 Active 47 DOM
5. 2026-06-15
   days on market $155,000 Active 46 DOM
6. 2026-06-13
   days on market $155,000 Active 44 DOM
7. 2026-06-10
   days on market $155,000 Active 41 DOM
8. 2026-06-09
   days on market $155,000 Active 40 DOM
9. 2026-06-08
   days on market $155,000 Active 39 DOM
10. 2026-06-07
    days on market $155,000 Active 38 DOM
11. 2026-06-03
    days on market $155,000 Active 34 DOM
12. 2026-06-03
    days on market $155,000 Active 33 DOM
13. 2026-06-01
    days on market $155,000 Active 32 DOM
14. 2026-06-01
    days on market $155,000 Active 31 DOM
15. 2026-04-30
    listed $155,000 New 312-char remark
16. 2010-04-27
    soldstatus $25,000 304-char remark

    Show marketing remark (304 chars)

    Good Opportunity! Priced according to condition and $25,000 below assessed value. 3 main floor bedrooms, 2 baths, and walkout basement. Bank owned, seller exempt from disclosure, sold in as is condition. Garage has a partial wall which would need to be removed to allow a vehicle to be parked in it. AMA.

17. 2010-01-31
    historical 304-char remark

    Show marketing remark (304 chars)

    Good Opportunity! Priced according to condition and $25,000 below assessed value. 3 main floor bedrooms, 2 baths, and walkout basement. Bank owned, seller exempt from disclosure, sold in as is condition. Garage has a partial wall which would need to be removed to allow a vehicle to be parked in it. AMA.

18. 2010-01-29
    listed $25,000 304-char remark

    Show marketing remark (304 chars)

    Good Opportunity! Priced according to condition and $25,000 below assessed value. 3 main floor bedrooms, 2 baths, and walkout basement. Bank owned, seller exempt from disclosure, sold in as is condition. Garage has a partial wall which would need to be removed to allow a vehicle to be parked in it. AMA.

19. 2009-04-14
    historical
20. 2009-04-09
    listed $25,000
21. 1995-10-14
    soldstatus $36,500

ⓘ 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: $2,592 · $216/mo
• Projected year-2 tax: $2,682 · $223/mo
• Expected delta: +$90/yr (+$7/mo · 3.5%)

ⓘ 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 ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,883
• − Mortgage interest: −$8,682
• − Property taxes: −$2,592
• − Insurance: −$775
• − Repairs & maintenance: −$1,591
• − Management: −$1,591
• − Depreciation: −$4,509
• Taxable income: $143
• Est. tax owed @ 24.0%: −$34
• After-tax cash flow: $2,552/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: Omaha Public Schools
• NCES district ID: 3174820
• Math proficiency: 20% ▼ -10.00%
• Reading proficiency: 28% ▼ -5.00%
• Median HH income: $46,039
• Composite: 20.83/100
• National rank: #8502
• State rank: #110 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

• Census place: Omaha, NE
• County: Douglas County · 538,646 people
• City population: 552,986
• Metro: Omaha-Council Bluffs, NE-IA
• Population (ZIP): 36,673
• Household income: $60,549
• Rent vs Own: 42.2% rent · 57.8% own
• Severe rent burden: 1738.0

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: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: White 50% Black 23% Asian 12% Two or more races 11% Hispanic / Latino 7%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Lithuanian 2% Romanian 2%
• Foreign-born: 13% · Philippines, Canada, India
• Languages at home: 83% English-only · Other Asian/Pacific 8% Spanish 5% Other Indo-European 2%

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: ▼ -196.54%
• Current HPI: 298.8625
• Rent YoY: ▲ 2.35%
• 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

+324.7% since first listed

7 events — show timeline

• 2026-04-30 Listed $155,000 GPRMLS
• 2010-04-27 Sold (MLS) $25,000 GPRMLS
• 2010-01-31 Listing Removed — GPRMLS
• 2010-01-29 Listed $25,000 GPRMLS
• 2009-04-14 Listing Removed — GPRMLS
• 2009-04-09 Listed $25,000 GPRMLS
• 1995-10-14 Sold (Public Records) $36,500 Public Records

Property tax history

+7.3%/yr

Latest (2025): $2,592 · +8.6% YoY. Source: county tax records.