902 W 24th Ave · Bellevue, NE 68005

$135,000

3 bd · 2.0 ba · 1,352 sqft · SingleFamily public records · 10 Days on market

Built 1936 7,841 sqft lot Est $249k · 46% under

---

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).

• ARV discount +15.0/15.0
• Cash flow +11.9/30.0
• 1% rule +4.8/10.0
• Livability +4.4/5.0
• Schools +4.2/10.0
• Rent growth +3.8/5.0
• DSCR +3.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 bedroom, 1.5 bath home with very nice 30x24 garage on a fenced corner lot. Room to build some equity with repairs. For property condition addendum, to submit an offer and to check availability, visit HUDHomeStore.com CASE #321-383317. SOLD AS IS. AMA. Please verify schools directly with the school administrative office Association dues (if any) are thought to be accurate. Buyer is responsible to ensure accuracy.

Key facts

• 7,841 sq ft lot
• 3 garage spots
• Built 1936

Property features AI

Exterior

• Parking: Detached garage; 3 parking spaces (3 covered)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one-half story; Built in 1936; Living area above grade: 1356 square feet
• Construction: Block foundation; Roof information not provided
• Exterior features: Patio; Chain link fencing; Lot approximately 0.18 acres (about 72.5 x 109)

Interior

• Bedrooms: Master bedroom on 2nd floor; Additional bedrooms on 2nd floor
• Bathrooms: One full bathroom; One half bathroom; One bathroom on main level; Bathrooms total: 2
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Unfinished basement; No fireplaces

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $-35 ($-420/yr) — negative.
• To cash-flow at today's rent, offer at most $129k (4.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $132k (2.1% below list).
• Recommended offer: $129k (4.6% below list) — sets the bar for cash-flow.
• Cap rate 6.0% vs local median 3.3% in Bellevue — 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 88/100 on livability (#1 in NE, #206 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, cost of living A+; Watch: commute D+.
• Bellevue Public Schools (suburban): math 47% / reading 49% proficiency, ranked #67 of 111 in NE (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Betz Elementary School (math 32% / reading 27%, grade F, #427 of 502 statewide, top 87%, 285 students, 72% FRL); Bellevue Mission Middle School (math 38% / reading 41%, grade F, #86 of 128 statewide, top 73%, 391 students, 51% FRL); Bellevue East Sr High School (math 36% / reading 41%, grade F, #199 of 261 statewide, top 77%, 1,423 students, 46% FRL) — zoned schools average 56% FRL vs 25% district-wide (31 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 36% at this address vs 48% district-wide (-12 pts) — the specific schools serving this property underperform the Bellevue Public Schools average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+5.3%/yr); 84 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,612 units permitted in Sarpy County in 2024 (364 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Sarpy County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 11 sale attempts since 19y 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: property tax is 2.8% of price; built in 1936 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $128,821 (4.6% 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 1936 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 0.98% ✗
• Cap rate: 5.98%
• Cash-on-cash: -1.11%
• DSCR: 0.95
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $248,768
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
914 Mclaughlin Cir	0.24mi	3/2.0	1,258 (-7%)	2mo	$239,900	$191	75
2509 Van Buren St	0.21mi	2/2.0 (-1)	1,425 (+5%)	1mo	$215,000	$151	75
102 W 28th Ave	0.64mi	3/2.0	1,408 (+4%)	1mo	$259,000	$184	62
2411 Madison St	0.31mi	3/1.0	1,183 (-12%)	2mo	$150,000	$127	59
2509 Madison St	0.33mi	3/1.0	1,180 (-13%)	1mo	$201,000	$170	59
2503 Washington St	0.45mi	4/1.0 (+1)	1,222 (-10%)	3mo	$155,000	$127	52
1704 Pelton Ave	0.55mi	3/1.5	1,500 (+11%)	3mo	$220,000	$147	52
1227 Sunset Dr	0.60mi	3/2.5	1,204 (-11%)	3mo	$250,000	$208	49
1703 Pelton Ave	0.55mi	3/1.5	1,160 (-14%)	3mo	$265,000	$228	46
1216 Hillcrest Dr	0.72mi	3/2.5	1,214 (-10%)	3mo	$265,000	$218	45
2309 Main St	0.73mi	2/2.0 (-1)	1,508 (+12%)	2mo	$192,000	$127	40
2405 Hancock St	0.65mi	3/1.0	1,157 (-14%)	2mo	$216,000	$187	40

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 · 5.3% rent growth · sell at horizon

5-year hold

• IRR: -15.1%
• Equity multiple: 0.45×
• Total profit: $-20,866
• Equity at exit: $20,129

10-year hold

• IRR: -2.5%
• Equity multiple: 0.81×
• Total profit: $-7,137
• Equity at exit: $11,672

Cash invested: $37,800 (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 68005

• Rents YoY: 5.3%
• Active inventory: 84
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,321 high
• Mortgage (P&I): −$708
• Tax from tax record: −$315 /mo · $3,777/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $-35

Break-even live

Break-even rent $1,366

Max offer price $128,821

Occupancy floor 98%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2304 Jackson St Bellevue, NE	3.0	2.0	1636	$1,650	$1.01	43d	1	0.23mi
801 W 29th Ave Bellevue, NE	2.0	2.0	1160	$1,200	$1.03	1d	1	0.52mi
1508 Lee Dr Unit 158 Bellevue, NE	2.0	1.0	875	$1,245	$1.42	3d	1	0.67mi
3008 S Washington St Unit 02 Bellevue, NE	2.0	1.0	1000	$975	$0.97	14d	1	0.69mi
1501 Buck Dr Unit 143 Bellevue, NE	2.0	1.0	875	$1,050	$1.20	21d	1	0.75mi
1501 Buck Dr Unit 139 Bellevue, NE	2.0	1.0	875	$970	$1.11	23d	1	0.75mi
1408 Lee Dr Apt 40 Bellevue, NE	2.0	1.0	875	$1,050	$1.20	43d	1	0.78mi
1409 Buck Dr Bellevue, NE	1.0–2.0	1.0	802	$1,245	$1.55	1d	6	0.80mi
1307 Galvin Rd S Bellevue, NE	1.0–2.0	1.0–2.0	850	$1,185	$1.39	11d	13	0.86mi
1400 Lee Dr Unit 94 Bellevue, NE	2.0	1.0	875	$1,050	$1.20	23d	1	0.86mi
1400 Lee Dr Apt 92 Bellevue, NE	2.0	1.0	875	$1,050	$1.20	43d	1	0.86mi
1320 Englewood Dr Bellevue, NE	3.0	2.0	1316	$2,300	$1.75	43d	1	0.94mi
1302 Wilroy Rd #3 Bellevue, NE	2.0	1.5	1050	$1,325	$1.26	23d	1	0.94mi
401 E 16th Ave Bellevue, NE	1.0–2.0	1.0	875	$1,100	$1.26	1d	4	1.00mi
1511 Thomas Dr Bellevue, NE	2.0	1.0	1000	$1,002	$1.00	43d	2	1.17mi
818 Lincoln Rd Bellevue, NE	1.0–2.0	1.0	825	$955	$1.16	3d	3	1.21mi

Listing history 28 events

1. 2026-04-27
   status Pending 417-char remark

   Show marketing remark (417 chars)

   3 bedroom, 1.5 bath home with very nice 30x24 garage on a fenced corner lot. Room to build some equity with repairs. For property condition addendum, to submit an offer and to check availability, visit HUDHomeStore.com CASE #321-383317. SOLD AS IS. AMA. Please verify schools directly with the school administrative office Association dues (if any) are thought to be accurate. Buyer is responsible to ensure accuracy.

2. 2026-04-27
   status Pending

   Show marketing remark (417 chars)

   3 bedroom, 1.5 bath home with very nice 30x24 garage on a fenced corner lot. Room to build some equity with repairs. For property condition addendum, to submit an offer and to check availability, visit HUDHomeStore.com CASE #321-383317. SOLD AS IS. AMA. Please verify schools directly with the school administrative office Association dues (if any) are thought to be accurate. Buyer is responsible to ensure accuracy.

3. 2026-04-26
   status Active 417-char remark

   Show marketing remark (417 chars)

   3 bedroom, 1.5 bath home with very nice 30x24 garage on a fenced corner lot. Room to build some equity with repairs. For property condition addendum, to submit an offer and to check availability, visit HUDHomeStore.com CASE #321-383317. SOLD AS IS. AMA. Please verify schools directly with the school administrative office Association dues (if any) are thought to be accurate. Buyer is responsible to ensure accuracy.

4. 2026-04-22
   status Back On Market
5. 2026-04-14
   status Pending 417-char remark

   Show marketing remark (417 chars)

   3 bedroom, 1.5 bath home with very nice 30x24 garage on a fenced corner lot. Room to build some equity with repairs. For property condition addendum, to submit an offer and to check availability, visit HUDHomeStore.com CASE #321-383317. SOLD AS IS. AMA. Please verify schools directly with the school administrative office Association dues (if any) are thought to be accurate. Buyer is responsible to ensure accuracy.

6. 2026-04-14
   status Pending

   Show marketing remark (417 chars)

   3 bedroom, 1.5 bath home with very nice 30x24 garage on a fenced corner lot. Room to build some equity with repairs. For property condition addendum, to submit an offer and to check availability, visit HUDHomeStore.com CASE #321-383317. SOLD AS IS. AMA. Please verify schools directly with the school administrative office Association dues (if any) are thought to be accurate. Buyer is responsible to ensure accuracy.

7. 2026-04-09
   listed $135,000 Active 417-char remark

   Show marketing remark (417 chars)

   3 bedroom, 1.5 bath home with very nice 30x24 garage on a fenced corner lot. Room to build some equity with repairs. For property condition addendum, to submit an offer and to check availability, visit HUDHomeStore.com CASE #321-383317. SOLD AS IS. AMA. Please verify schools directly with the school administrative office Association dues (if any) are thought to be accurate. Buyer is responsible to ensure accuracy.

8. 2026-04-09
   listed $135,000 New

   Show marketing remark (417 chars)

   3 bedroom, 1.5 bath home with very nice 30x24 garage on a fenced corner lot. Room to build some equity with repairs. For property condition addendum, to submit an offer and to check availability, visit HUDHomeStore.com CASE #321-383317. SOLD AS IS. AMA. Please verify schools directly with the school administrative office Association dues (if any) are thought to be accurate. Buyer is responsible to ensure accuracy.

9. 2025-09-01
   historical
10. 2025-06-02
    price $187,500
11. 2025-03-04
    listed $197,500 New
12. 2021-04-16
    soldstatus $175,000
13. 2021-04-13
    soldstatus $175,000 Sold
14. 2021-03-01
    status Pending
15. 2021-02-25
    listed $150,000 Active - New
16. 2019-07-01
    historical
17. 2019-06-25
    listed $113,000 Active - New
18. 2019-06-25
    historical
19. 2019-05-30
    historical
20. 2019-05-29
    listed $115,000 Active - New
21. 2019-05-17
    listed $120,000 Active - New
22. 2019-05-17
    historical
23. 2019-05-07
    price $125,000
24. 2019-04-29
    listed $130,000 Active - New
25. 2007-09-28
    soldstatus $121,000
26. 2007-09-26
    soldstatus $121,000
27. 2007-09-05
    historical
28. 2007-08-17
    listed $127,000

ⓘ 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: $3,777 · $315/mo
• Projected year-2 tax: $3,777 · $315/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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥105°F today · 15 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: $15,858
• − Mortgage interest: −$7,562
• − Property taxes: −$3,777
• − Insurance: −$675
• − Repairs & maintenance: −$1,269
• − Management: −$1,269
• − Depreciation: −$3,927
• Taxable loss: −$2,621
• Est. tax savings @ 24.0%: +$629
• After-tax cash flow: $209/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: Bellevue Public Schools
• NCES district ID: 3103810
• Math proficiency: 47% ▼ -6.00%
• Reading proficiency: 49% ▼ -4.00%
• Median HH income: $62,859
• Composite: 42.36/100
• National rank: #3248
• State rank: #67 of 111 in NE

Livability — Bellevue

• Score: 88/100
• State rank: #1
• US rank: #206

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bellevue, NE
• County: Sarpy County · 161,202 people
• City population: 55,788
• Metro: Omaha-Council Bluffs, NE-IA
• Population (ZIP): 21,984
• Household income: $66,551
• Rent vs Own: 43.8% rent · 56.2% own
• Severe rent burden: 725.0

Population outlook (Sarpy County) Hauer SSP2

• Today (2025): 211,769 people
• By 2030: 229,365 · +8.3%
• By 2040: 264,122 · +24.7%
• By 2050: 298,087 · +40.8%
• By 2075: 381,667 · +80.2%
• By 2100: 448,180 · +111.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Hispanic / Latino 15% Two or more races 10% Black 8% Asian 3%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Romanian 5% Lithuanian 2% Slovak 2%
• Foreign-born: 8% · Canada, United Kingdom, South Korea
• Languages at home: 88% English-only · Spanish 7% Chinese 1% German/W. Germanic 1%

Political lean MEDSL · Sarpy

• 2024 margin: R (+11.7) · D 43.5% · R 55.2% · Other 1.3%
• 2008→2024 swing: +4.2pp toward D · 2008: -15.9pp · 2024: -11.7pp
• All cycles: 2024: R+11.7 2020: R+11.2 2016: R+21.8 2012: R+23.6 2008: R+15.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -149.94%
• Current HPI: 247.6885
• Rent YoY: ▲ 5.30%
• 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

+6.3% since first listed

28 events — show timeline

• 2026-04-27 Pending — SWIAR
• 2026-04-27 Pending — GPRMLS
• 2026-04-26 Relisted — SWIAR
• 2026-04-22 Relisted — GPRMLS
• 2026-04-14 Pending — SWIAR
• 2026-04-14 Pending — GPRMLS
• 2026-04-09 Listed $135,000 SWIAR
• 2026-04-09 Listed $135,000 GPRMLS
• 2025-09-01 Listing Removed — GPRMLS
• 2025-06-02 Price Changed $187,500 GPRMLS
• 2025-03-04 Listed $197,500 GPRMLS
• 2021-04-16 Sold (Public Records) $175,000 Public Records
• 2021-04-13 Sold (MLS) $175,000 GPRMLS
• 2021-03-01 Pending — GPRMLS
• 2021-02-25 Listed $150,000 GPRMLS
• 2019-07-01 Listing Removed — GPRMLS
• 2019-06-25 Listing Removed — GPRMLS
• 2019-06-25 Listed $113,000 GPRMLS
• 2019-05-30 Listing Removed — GPRMLS
• 2019-05-29 Listed $115,000 GPRMLS
• 2019-05-17 Listing Removed — GPRMLS
• 2019-05-17 Listed $120,000 GPRMLS
• 2019-05-07 Price Changed $125,000 GPRMLS
• 2019-04-29 Listed $130,000 GPRMLS
• 2007-09-28 Sold (Public Records) $121,000 Public Records
• 2007-09-26 Sold (MLS) $121,000 GPRMLS
• 2007-09-05 Listing Removed — GPRMLS
• 2007-08-17 Listed $127,000 GPRMLS

Property tax history

+4.8%/yr

Latest (2025): $3,777 · +8.0% YoY. Source: county tax records.