14220 Kenilworth St · Waverly, NE 68426-0000

$530,000

84 bd · 49.0 ba · 6,920 sqft · MultiFamily public records · 206 Days on market

Built 1912 Fair condition 3,843 sqft lot ↓ 4% since listing

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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
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Schools +4.8/10.0
• Livability +4.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 7 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Amazing opportunity to own a charming 7 unit multi-family property that has the potential to be an excellent investment! There are four ground level units and three 2nd floor units that are all unique and range from 510 SF to 1310 SF! All units are on separate utilities and most have their own laundry! Being located in Waverly, this property is sure to attract tenants who are looking for convenience, comfort and a place to call home!

Key facts

• Separate utilities
• Ground level units
• Own laundry

Tags

• MULTI-FAMILY PROPERTY
• GROUND LEVEL UNITS
• SEPARATE UTILITIES
• OWN LAUNDRY
• LOCATED IN WAVERLY

What this means for you Summary

Snapshot

• This is a 7 × 12-bed/7.0-bath units multifamily listed at $530k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $3k ($32k/yr) — positive. Per door: $380/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($8k rent vs $530k).
• Recommended offer: $466k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.3% vs local median 1.8% in Waverly — 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 86/100 on livability (#2 in NE, #441 nationally) — a professional / high-income tenant draw. Strengths: crime A+, employment A+, cost of living A+; Watch: commute D, amenities F.
• Waverly School District 145 (rural): math 54% / reading 52% proficiency, ranked #31 of 111 in NE (top 28%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 14% free/reduced lunch — higher-income household profile.
• Market conditions: 1 active listings in the ZIP; 1,940 units permitted in Lancaster County in 2024 (895 in 5+ unit buildings).

Forward outlook

• In year one you build about $20k of equity ($4k loan paydown + $16k appreciation (3.0% local appreciation)).
• Lancaster County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $148k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, 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 206 days — a 12% lower offer ($466k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $40k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1912 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $466,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 206 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
5. Built in 1912 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.49% ✓
• Cap rate: 12.32%
• Cash-on-cash: 21.53%
• DSCR: 1.96
• GRM: 5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 27.8%
• Equity multiple: 2.57×
• Total profit: $233,479
• Equity at exit: $238,311

10-year hold

• IRR: 28.3%
• Equity multiple: 5.00×
• Total profit: $593,673
• Equity at exit: $367,266

Cash invested: $148,400 (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 68426-0000

• Active inventory: 1
• Price-to-rent: 39.2×

Monthly cashflow live

• Estimated rent: $7,882 medium
• Mortgage (P&I): −$2,779
• Tax from tax record: −$564 /mo · $6,769/yr
• Insurance: −$221
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,655
• Net cashflow: $2,662

Break-even live

Break-even rent $4,512

Max offer price $530,000

Occupancy floor 61%

7-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 7× units	12	7	$7,882
Total (7 units)			$7,882

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: $132,500
• Closing costs: $15,900
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-18
   days on market $530,000 Active 206 DOM
2. 2026-06-17
   days on market $530,000 Active 205 DOM
3. 2026-06-16
   days on market $530,000 Active 204 DOM
4. 2026-06-15
   days on market $530,000 Active 203 DOM
5. 2026-06-14
   days on market $530,000 Active 201 DOM
6. 2026-06-13
   days on market $530,000 Active 200 DOM
7. 2026-06-10
   days on market $530,000 Active 198 DOM
8. 2026-06-09
   days on market $530,000 Active 197 DOM
9. 2026-06-08
   days on market $530,000 Active 196 DOM
10. 2026-06-07
    days on market $530,000 Active 195 DOM
11. 2026-06-03
    days on market $530,000 Active 191 DOM
12. 2026-06-02
    days on market $530,000 Active 190 DOM
13. 2026-06-01
    days on market $530,000 Active 189 DOM
14. 2026-05-31
    days on market $530,000 Active 188 DOM
15. 2026-05-30
    days on market $530,000 Active 187 DOM
16. 2026-04-22
    price $530,000 437-char remark

    Show marketing remark (437 chars)

    Amazing opportunity to own a charming 7 unit multi-family property that has the potential to be an excellent investment! There are four ground level units and three 2nd floor units that are all unique and range from 510 SF to 1310 SF! All units are on separate utilities and most have their own laundry! Being located in Waverly, this property is sure to attract tenants who are looking for convenience, comfort and a place to call home!

17. 2025-12-22
    price $550,000 437-char remark

    Show marketing remark (437 chars)

    Amazing opportunity to own a charming 7 unit multi-family property that has the potential to be an excellent investment! There are four ground level units and three 2nd floor units that are all unique and range from 510 SF to 1310 SF! All units are on separate utilities and most have their own laundry! Being located in Waverly, this property is sure to attract tenants who are looking for convenience, comfort and a place to call home!

18. 2025-11-11
    listed $570,000 New 437-char remark

    Show marketing remark (437 chars)

    Amazing opportunity to own a charming 7 unit multi-family property that has the potential to be an excellent investment! There are four ground level units and three 2nd floor units that are all unique and range from 510 SF to 1310 SF! All units are on separate utilities and most have their own laundry! Being located in Waverly, this property is sure to attract tenants who are looking for convenience, comfort and a place to call home!

19. 2023-09-18
    soldstatus $515,000 Sold 437-char remark

    Show marketing remark (437 chars)

    Amazing opportunity to own a charming 7 unit multi-family property that has the potential to be an excellent investment! There are four ground level units and three 2nd floor units that are all unique and range from 510 SF to 1310 SF! All units are on separate utilities and most have their own laundry! Being located in Waverly, this property is sure to attract tenants who are looking for convenience, comfort and a place to call home!

20. 2023-09-11
    status Pending 437-char remark

    Show marketing remark (437 chars)

    Amazing opportunity to own a charming 7 unit multi-family property that has the potential to be an excellent investment! There are four ground level units and three 2nd floor units that are all unique and range from 510 SF to 1310 SF! All units are on separate utilities and most have their own laundry! Being located in Waverly, this property is sure to attract tenants who are looking for convenience, comfort and a place to call home!

21. 2023-09-04
    status Back On Market 437-char remark

    Show marketing remark (437 chars)

    Amazing opportunity to own a charming 7 unit multi-family property that has the potential to be an excellent investment! There are four ground level units and three 2nd floor units that are all unique and range from 510 SF to 1310 SF! All units are on separate utilities and most have their own laundry! Being located in Waverly, this property is sure to attract tenants who are looking for convenience, comfort and a place to call home!

22. 2023-08-21
    status Pending 437-char remark

    Show marketing remark (437 chars)

    Amazing opportunity to own a charming 7 unit multi-family property that has the potential to be an excellent investment! There are four ground level units and three 2nd floor units that are all unique and range from 510 SF to 1310 SF! All units are on separate utilities and most have their own laundry! Being located in Waverly, this property is sure to attract tenants who are looking for convenience, comfort and a place to call home!

23. 2023-04-12
    listed $550,000 New 437-char remark

    Show marketing remark (437 chars)

    Amazing opportunity to own a charming 7 unit multi-family property that has the potential to be an excellent investment! There are four ground level units and three 2nd floor units that are all unique and range from 510 SF to 1310 SF! All units are on separate utilities and most have their own laundry! Being located in Waverly, this property is sure to attract tenants who are looking for convenience, comfort and a place to call home!

ⓘ 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: $6,769 · $564/mo
• Projected year-2 tax: $9,169 · $764/mo
• Expected delta: +$2,400/yr (+$200/mo · 35.5%)

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

Climate risk First Street

• 🌡 Heat 3/10 Moderate
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $94,584
• − Mortgage interest: −$29,688
• − Property taxes: −$6,769
• − Insurance: −$2,650
• − Repairs & maintenance: −$7,567
• − Management: −$7,567
• − Depreciation: −$15,418
• Taxable income: $24,925
• Est. tax owed @ 24.0%: −$5,982
• After-tax cash flow: $25,968/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.

Condition & rehab AI · 1 photo

Fair 45/100 Moderate rehab

This multi-family property requires moderate repairs and maintenance to improve its condition and value. Exterior paint, roof repair, and interior paint updates would significantly enhance its curb appeal and property value.

Repairs flagged

• Minor exterior paint — Some discoloration visible
• Moderate roof — Metal roof with visible wear
• Minor interior paint — Painted walls with some wear

Value-add opportunities

• Both exterior paint — Enhances curb appeal and property value
• Both roof repair — Prevents further damage and improves property value
• Both interior paint — Fresh paint improves aesthetics and property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior paint · Some discoloration visible	Minor	$500–3,000
roof · Metal roof with visible wear	Moderate	$3,000–15,000
interior paint · Painted walls with some wear	Minor	$500–3,000
Total estimated repair cost · 3 items		$4,000–21,000

Value-add ROI direction

• Both exterior paint — Enhances curb appeal and property value ↑
• Both roof repair — Prevents further damage and improves property value ↑
• Both interior paint — Fresh paint improves aesthetics and property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Waverly School District 145
• NCES district ID: 3100021
• Math proficiency: 54% ▼ -4.00%
• Reading proficiency: 52% ▬ 0.00%
• Median HH income: $81,839
• Composite: 48.33/100
• National rank: #2148
• State rank: #31 of 111 in NE

Livability — Waverly

• Score: 86/100
• State rank: #2
• US rank: #441

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Waverly, NE

Population outlook (Lancaster County) Hauer SSP2

• Today (2025): 352,806 people
• By 2030: 377,899 · +7.1%
• By 2040: 428,582 · +21.5%
• By 2050: 483,103 · +36.9%
• By 2075: 632,390 · +79.2%
• By 2100: 759,513 · +115.3%

Not yet ingested

• Political lean: —
• Race & ethnicity: —
• Common origin: —
• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

-3.6% since first listed

8 events — show timeline

• 2026-04-22 Price Changed $530,000 GPRMLS
• 2025-12-22 Price Changed $550,000 GPRMLS
• 2025-11-11 Listed $570,000 GPRMLS
• 2023-09-18 Sold (MLS) $515,000 GPRMLS
• 2023-09-11 Pending — GPRMLS
• 2023-09-04 Relisted — GPRMLS
• 2023-08-21 Pending — GPRMLS
• 2023-04-12 Listed $550,000 GPRMLS

Property tax history

+6.8%/yr

Latest (2025): $6,769 · +6.8% YoY. Source: county tax records.