6904 Lafayette Ave · Omaha, NE 68132

$169,900

3 bd · 1.0 ba · 960 sqft · SingleFamily public records · 9 Days on market

Built 1953 6,834 sqft lot Est $172k · at est.

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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 +11.5/30.0
• ARV discount +8.0/15.0
• Rent growth +4.7/5.0
• Schools +4.7/10.0
• Livability +4.2/5.0
• 1% rule +3.4/10.0
• DSCR +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity knocks with this 3 bedroom ranch! Perfect for a first time homebuyer or investment property! This home offers a huge lot, spacious living room, abundant kitchen cabinets, newer carpet and vinyl windows! The seller added a new additional driveway for extra off-street parking, and there is a workshop behind with amazing space to pursue your hobbies! You can’t beat the location – close to Methodist, The Med Center, UNO, and is in the Westside/District 66 school district! AMA

Key facts

• Move-in ready
• New a/c system
• Corner lot

Tags

• CORNER LOT
• NEW A/C SYSTEM
• DETACHED SHED
• MOVE-IN READY

Property features AI

Exterior

• Parking: Attached covered garage (1 car)
• Utilities: Public water; Public sewer; Electricity available; Natural gas available; Cable available; Storm sewer
• Home design: Single-family residence; Residential property; Not new (built in 1953)
• Construction: Wood siding exterior; Composition roof; Slab foundation; Built in 1953
• Exterior features: Deck; Corner lot; Curb and gutter; Sloped lot; Wooded lot

Interior

• Kitchen: Range; Refrigerator; Dishwasher; Microwave; Laminate flooring in the kitchen
• Bedrooms: Primary bedroom on the main floor with luxury vinyl plank flooring and ceiling fan; Two additional main-floor bedrooms with luxury vinyl plank flooring and ceiling fans
• Flooring: Luxury vinyl plank; Vinyl
• Bathrooms: One full bathroom on the main floor
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Ceiling fans in living areas and bedrooms; No fireplace; Washer and dryer included; Microwave included
• Laundry & utility: Washer and dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $-57 ($-684/yr) — negative.
• To cash-flow at today's rent, offer at most $160k (5.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $143k (15.7% below list).
• Recommended offer: $143k (15.7% below list) — sets the bar for 1% rule.
• Cap rate 5.9% 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.
• Westside Community Schools (urban): math 51% / reading 56% proficiency, ranked #45 of 111 in NE (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Hillside Elementary School (math 36% / reading 47%, grade F, #342 of 502 statewide, top 68%, 372 students, 43% FRL); Westside Middle School (math 58% / reading 54%, grade B-, #28 of 128 statewide, top 22%, 979 students, 39% FRL); Westside High School (math 49% / reading 55%, grade D+, #98 of 261 statewide, top 40%, 2,106 students, 33% FRL).
• Market conditions: Rents rising fast (+8.9%/yr); 86 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 4,539 units permitted in Douglas County in 2024 (2,583 in 5+ unit buildings).

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

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 23y 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 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $143,247 (15.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
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: 0.84% ✗
• Cap rate: 5.89%
• Cash-on-cash: -1.44%
• DSCR: 0.94
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $171,840
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1514 N 70 Ave	0.20mi	3/1.0	960 (0%)	1mo	$153,000	$159	90
6911 Lafayette Ave	0.04mi	3/1.0	864 (-10%)	4mo	$185,000	$214	78
6638 Decatur St	0.38mi	3/1.0	960 (0%)	5mo	$160,000	$167	78
6643 Hamilton St	0.16mi	3/2.0	928 (-3%)	10mo	$182,500	$197	75
6632 Franklin St	0.31mi	3/1.0	908 (-5%)	10mo	$162,000	$178	68
6615 Charles St	0.24mi	2/1.0 (-1)	864 (-10%)	4mo	$168,900	$195	64
2030 N 68th St	0.50mi	2/1.0 (-1)	952 (-1%)	9mo	$170,000	$179	63
6658 Decatur St	0.38mi	2/1.0 (-1)	903 (-6%)	6mo	$178,000	$197	62
6615 Seward St	0.27mi	3/1.0	1,104 (+15%)	1mo	$194,000	$176	61
2316 N 69th St	0.58mi	2/2.0 (-1)	1,018 (+6%)	7mo	$200,000	$196	48
6123 Seward St	0.60mi	3/1.0	1,080 (+12%)	8mo	$163,000	$151	44
2302 N 64th St	0.70mi	2/2.0 (-1)	1,088 (+13%)	2mo	$127,500	$117	35

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -13.1%
• Equity multiple: 0.50×
• Total profit: $-23,562
• Equity at exit: $25,333

10-year hold

• IRR: 2.3%
• Equity multiple: 1.20×
• Total profit: $9,385
• Equity at exit: $14,690

Cash invested: $47,572 (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 68132

• Rents YoY: 8.9%
• Active inventory: 86
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,432 high
• Mortgage (P&I): −$891
• Tax from tax record: −$227 /mo · $2,723/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $-57

Break-even live

Break-even rent $1,505

Max offer price $159,826

Occupancy floor 99%

Sensitivity live

Price	-10% $39	-5% $-9	+0% $-57	+5% $-105	+10% $-153
Rent	-10% $-170	-5% $-114	+0% $-57	+5% $0	+10% $56
Rate	-1.0pp $29	-0.5pp $-14	base $-57	+0.5pp $-101	+1.0pp $-146

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7303 Decatur St Unit 7303/04 Omaha, NE	2.0	1.0	850	$925	$1.09	5d	1	0.44mi
6241 Decatur St Omaha, NE	3.0	1.0	866	$1,595	$1.84	12d	1	0.57mi
7402 Blondo St Omaha, NE	2.0	1.0	1000	$895	$0.90	45d	1	0.61mi
7349 Grant St Omaha, NE	1.0–2.0	1.0–2.0	967	$1,350	$1.40	4d	6	0.62mi
2316 N 65th Ave Omaha, NE	2.0	1.5	884	$1,500	$1.70	23d	1	0.63mi
6066 Charles St Omaha, NE	2.0	1.0	910	$1,700	$1.87	21d	1	0.65mi
1210 N 60th St Unit 4 Omaha, NE	2.0	1.0	900	$1,400	$1.56	45d	1	0.72mi
7602 Parker St Omaha, NE	3.0	2.0	1040	$1,695	$1.63	5d	1	0.73mi
7602 Parker St Omaha, NE	3.0	2.0	1050	$1,700	$1.62	45d	1	0.73mi
6990 Dodge St Omaha, NE	2.0	1.0–2.0	947	$1,495	$1.58	5d	3	0.75mi
5833 Lafayette Ave Unit 5833 Omaha, NE	2.0	1.0	900	$1,295	$1.44	25d	1	0.77mi
7610 Ohio Plz Omaha, NE	2.0	1.0–1.5	1050	$1,138	$1.08	45d	1	0.94mi
7079 Binney St Omaha, NE	2.0	1.0	840	$1,500	$1.79	25d	1	0.97mi
2303 Benson Gardens Blvd Omaha, NE	2.0	1.0–2.0	800	$1,275	$1.59	4d	14	0.98mi
6704 Binney St Unit 67045 Omaha, NE	2.0	1.0	800	$850	$1.06	16d	1	0.98mi
6539 Binney St Omaha, NE	2.0	1.0	720	$1,300	$1.81	25d	1	0.98mi
7316 Maple St Omaha, NE	1.0–2.0	1.0	850	$1,095	$1.29	45d	10	1.00mi
7311 Wirt Cir Omaha, NE	1.0–2.0	1.0	850	$1,045	$1.23	25d	11	1.05mi
6152 Military Ave Omaha, NE	2.0	1.0–2.0	785	$1,599	$2.04	4d	6	1.13mi
1920 Robertson Dr Omaha, NE	2.0	1.0	1100	$1,038	$0.94	45d	5	1.14mi
670 S 69th St Omaha, NE	3.0	1.0	1014	$1,650	$1.63	4d	1	1.26mi
8004 Farnam Dr Omaha, NE	2.0	1.0–2.0	860	$2,647	$3.08	5d	24	1.33mi
3333 N 61st St Unit 3331 Omaha, NE	2.0	1.0	1077	$1,050	$0.97	13d	1	1.38mi
7520 Howard St Omaha, NE	1.0–2.0	1.0	750	$1,125	$1.50	21d	11	1.45mi
6020 Birch St Unit 6 Omaha, NE	2.0	1.0	800	$1,150	$1.44	45d	1	1.47mi

Listing history 7 events

1. 2026-06-22
   days on market $169,900 Active 9 DOM
2. 2026-06-18
   days on market $169,900 Active 6 DOM
3. 2026-06-17
   statusdays on market $169,900 Active 5 DOM
4. 2026-06-16
   days on market $169,900 New 4 DOM
5. 2026-06-15
   days on market $169,900 New 3 DOM
6. 2026-06-13
   remarks 572-char remark
7. 2026-06-13
   listed $169,900 New 1 DOM

ⓘ 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: $2,723 · $227/mo
• Projected year-2 tax: $2,939 · $245/mo
• Expected delta: +$216/yr (+$18/mo · 7.9%)

ⓘ 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: $17,190
• − Mortgage interest: −$9,517
• − Property taxes: −$2,723
• − Insurance: −$850
• − Repairs & maintenance: −$1,375
• − Management: −$1,375
• − Depreciation: −$4,943
• Taxable loss: −$3,593
• Est. tax savings @ 24.0%: +$862
• After-tax cash flow: $178/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: Westside Community Schools
• NCES district ID: 3178660
• Math proficiency: 51% ▼ -8.00%
• Reading proficiency: 56% ▼ -4.00%
• Median HH income: $58,995
• Composite: 46.53/100
• National rank: #2429
• State rank: #45 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): 13,960
• Household income: $68,221
• Rent vs Own: 44.1% rent · 55.9% own
• Severe rent burden: 540.0

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: Predominantly White (75%)
• Race & ethnicity: White 75% Hispanic / Latino 11% Black 7% Asian 3% Two or more races 3%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Lithuanian 4% Romanian 2% Slovak 2%
• Foreign-born: 9% · United Kingdom, Canada, Philippines
• Languages at home: 85% English-only · Spanish 8% French/Haitian/Cajun 3% Other Indo-European 1%

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: ▼ -388.04%
• Current HPI: 236.9179
• Rent YoY: ▲ 8.88%
• 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

+422.8% since first listed

17 events — show timeline

• 2026-06-12 Listed $169,900 GPRMLS
• 2023-08-09 Sold (Public Records) $160,000 Public Records
• 2023-08-01 Sold (MLS) $160,000 GPRMLS
• 2023-07-09 Pending — GPRMLS
• 2023-07-07 Listed $150,000 GPRMLS
• 2021-06-14 Sold (Public Records) $139,000 Public Records
• 2021-06-08 Sold (MLS) $139,000 GPRMLS
• 2021-05-10 Pending — GPRMLS
• 2021-05-04 Listed $120,000 GPRMLS
• 2018-11-06 Sold (Public Records) $83,000 Public Records
• 2018-10-29 Sold (MLS) $83,000 GPRMLS
• 2018-09-25 Pending — GPRMLS
• 2018-09-20 Listed $85,000 GPRMLS
• 2018-09-17 Sold (Public Records) $61,000 Public Records
• 2003-10-03 Listing Removed — GPRMLS
• 2003-04-21 Listed $79,950 GPRMLS
• 1990-10-12 Sold (Public Records) $32,500 Public Records

Property tax history

+4.3%/yr

Latest (2025): $2,723 · -2.7% YoY. Source: county tax records.