2611 W 5th St · Hastings, NE 68901

$129,700

3 bd · 2.0 ba · 2,512 sqft · SingleFamily public records · 7 Days on market

Built 1910 0.25 ac lot Est $231k · 44% under ↓ 32% 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 +25.4/30.0
• ARV discount +15.0/15.0
• DSCR +8.4/10.0
• 1% rule +7.4/10.0
• Livability +4.0/5.0
• 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

Charming home with recently remodeled exterior, featuring a brand new roof, siding, and gutters. Situated on a picturesque quarter-acre lot, this property offers endless potential. Interior awaits your personal touch and complete remodel, providing a blank canvas for customization. Don't miss out on this opportunity to create your dream home in a desirable location!

Key facts

• Unfinished basement
• Large kitchen
• Newer water softener

Tags

• LARGE KITCHEN
• UNFINISHED BASEMENT
• NEWER WATER SOFTENER
• UNDERGROUND SPRINKLERS

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer; Natural gas available
• Home design: Single-family residence; Residential property
• Construction: Frame construction
• Exterior features: Quarter-acre lot (approx. 0.25 acre); Zoned R

Interior

• Kitchen: Electric range; Microwave; Refrigerator; Water softener
• Bathrooms: One main-level bathroom
• Heating & cooling: Forced air heating
• Interior features: Window coverings; Water softener; Gas water heater; Electric range; Microwave; Refrigerator; Wood-burning fireplace in the living room; Full basement
• Laundry & utility: Main-level laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $299 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Cap rate 9.1% vs local median 4.3% 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.
• Zoned schools: Hawthorne Elementary School (math 47% / reading 42%, grade F, #289 of 502 statewide, top 63%, 332 students, 49% FRL); Hastings Middle School (math 39% / reading 42%, grade F, #82 of 128 statewide, top 65%, 780 students, 52% FRL); Hastings Senior High School (math 36% / reading 45%, grade F, #181 of 261 statewide, top 69%, 1,067 students, 52% FRL) — zoned schools at 51% FRL track the district average.
• Market conditions: 193 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 $897 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 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.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $129,700

Questions for the listing agent

1. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.24% ✓
• Cap rate: 9.05%
• Cash-on-cash: 9.86%
• DSCR: 1.44
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $231,104
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
401 Sunset Dr	0.10mi	3/2.5	2,617 (+4%)	8mo	$225,000	$86	80
2229 W 8th St	0.32mi	3/2.0	2,419 (-4%)	7mo	$175,000	$72	73
2501 W 10th St	0.46mi	3/2.0	2,552 (+2%)	8mo	$262,000	$103	70
2019 W 9th St	0.49mi	3/1.0	2,346 (-7%)	1mo	$180,000	$77	61
1934 W 9th St	0.58mi	3/2.0	2,652 (+6%)	3mo	$194,000	$73	61
2413 W 11th St	0.50mi	2/2.0 (-1)	2,460 (-2%)	10mo	$286,000	$116	60
2301 Bateman St	0.26mi	2/2.0 (-1)	2,168 (-14%)	3mo	$199,500	$92	57
514 Oswego Ave	0.65mi	3/1.0	2,566 (+2%)	8mo	$139,000	$54	56
2500 W 10th St	0.48mi	2/2.0 (-1)	2,314 (-8%)	10mo	$210,000	$91	51
2210 W 12th St	0.69mi	3/2.0	2,680 (+7%)	9mo	$255,000	$95	49
1911 W 11th St	0.68mi	3/2.0	2,200 (-12%)	4mo	$234,000	$106	44
1801 W 7th St	0.62mi	3/4.0	2,799 (+11%)	6mo	$264,000	$94	39

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: -1.4%
• Equity multiple: 0.95×
• Total profit: $-1,935
• Equity at exit: $19,339

10-year hold

• IRR: 8.3%
• Equity multiple: 1.64×
• Total profit: $23,076
• Equity at exit: $11,214

Cash invested: $36,316 (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: 193
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,604 medium
• Mortgage (P&I): −$680
• Tax from tax record: −$234 /mo · $2,812/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $299

Break-even live

Break-even rent $1,226

Max offer price $129,700

Occupancy floor 76%

Sensitivity live

Price	-10% $372	-5% $335	+0% $299	+5% $262	+10% $225
Rent	-10% $172	-5% $235	+0% $299	+5% $362	+10% $425
Rate	-1.0pp $364	-0.5pp $332	base $299	+0.5pp $265	+1.0pp $231

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: $32,425
• Closing costs: $3,891
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-04-29
   status Pending
2. 2026-04-22
   listed $129,700 Active
3. 2024-10-15
   soldstatus $118,000 Sold 368-char remark

   Show marketing remark (220 chars)

   Investors Special! This one is for you if you are looking for a project house in a great location. 3 bedrooms, 1 bathroom and 2 car garage. Large kitchen. This home has so much potential. Call today to see for yourself.

4. 2024-10-15
   soldstatus $118,000 Closed 220-char remark

   Show marketing remark (220 chars)

   Investors Special! This one is for you if you are looking for a project house in a great location. 3 bedrooms, 1 bathroom and 2 car garage. Large kitchen. This home has so much potential. Call today to see for yourself.

5. 2024-10-15
   soldstatus $118,000

   Show marketing remark (220 chars)

   Investors Special! This one is for you if you are looking for a project house in a great location. 3 bedrooms, 1 bathroom and 2 car garage. Large kitchen. This home has so much potential. Call today to see for yourself.

6. 2024-09-17
   status Pending 220-char remark

   Show marketing remark (220 chars)

   Investors Special! This one is for you if you are looking for a project house in a great location. 3 bedrooms, 1 bathroom and 2 car garage. Large kitchen. This home has so much potential. Call today to see for yourself.

7. 2024-09-11
   status Pending 368-char remark

   Show marketing remark (368 chars)

   Charming home with recently remodeled exterior, featuring a brand new roof, siding, and gutters. Situated on a picturesque quarter-acre lot, this property offers endless potential. Interior awaits your personal touch and complete remodel, providing a blank canvas for customization. Don't miss out on this opportunity to create your dream home in a desirable location!

8. 2024-08-01
   price $130,000 368-char remark

   Show marketing remark (220 chars)

   Investors Special! This one is for you if you are looking for a project house in a great location. 3 bedrooms, 1 bathroom and 2 car garage. Large kitchen. This home has so much potential. Call today to see for yourself.

9. 2024-08-01
   price $130,000 220-char remark

   Show marketing remark (220 chars)

   Investors Special! This one is for you if you are looking for a project house in a great location. 3 bedrooms, 1 bathroom and 2 car garage. Large kitchen. This home has so much potential. Call today to see for yourself.

10. 2024-07-01
    price $169,900 368-char remark

    Show marketing remark (368 chars)

    Charming home with recently remodeled exterior, featuring a brand new roof, siding, and gutters. Situated on a picturesque quarter-acre lot, this property offers endless potential. Interior awaits your personal touch and complete remodel, providing a blank canvas for customization. Don't miss out on this opportunity to create your dream home in a desirable location!

11. 2024-06-28
    listed $169,900 Active 220-char remark

    Show marketing remark (220 chars)

    Investors Special! This one is for you if you are looking for a project house in a great location. 3 bedrooms, 1 bathroom and 2 car garage. Large kitchen. This home has so much potential. Call today to see for yourself.

12. 2024-05-28
    listed $189,900 New 368-char remark

    Show marketing remark (368 chars)

    Charming home with recently remodeled exterior, featuring a brand new roof, siding, and gutters. Situated on a picturesque quarter-acre lot, this property offers endless potential. Interior awaits your personal touch and complete remodel, providing a blank canvas for customization. Don't miss out on this opportunity to create your dream home in a desirable location!

ⓘ 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: $2,812 · $234/mo
• Projected year-2 tax: $2,812 · $234/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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: $19,247
• − Mortgage interest: −$7,265
• − Property taxes: −$2,812
• − Insurance: −$648
• − Repairs & maintenance: −$1,540
• − Management: −$1,540
• − Depreciation: −$3,773
• Taxable income: $1,668
• Est. tax owed @ 24.0%: −$400
• After-tax cash flow: $3,182/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

-31.7% since first listed

12 events — show timeline

• 2026-04-29 Pending — GMNMLS
• 2026-04-22 Listed $129,700 GMNMLS
• 2024-10-15 Sold (Public Records) $118,000 Public Records
• 2024-10-15 Sold (MLS) $118,000 GMNMLS
• 2024-10-15 Sold (MLS) $118,000 GPRMLS
• 2024-09-17 Pending — GMNMLS
• 2024-09-11 Pending — GPRMLS
• 2024-08-01 Price Changed $130,000 GPRMLS
• 2024-08-01 Price Changed $130,000 GMNMLS
• 2024-07-01 Price Changed $169,900 GPRMLS
• 2024-06-28 Listed $169,900 GMNMLS
• 2024-05-28 Listed $189,900 GPRMLS

Property tax history

+2.7%/yr

Latest (2025): $2,812 · +2.1% YoY. Source: county tax records.