610 3rd St · Syracuse, NE 68446

$30,000

1 bd · 1.0 ba · 628 sqft · SingleFamily public records · 306 Days on market

Built 1900 5,663 sqft lot $48/sqft · 74% below area ↓ 14% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.2/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor opportunity! This property is a blank canvas ready for your vision—bring your ideas and transform this space into the perfect home or investment. With a little TLC, this home offers great potential for equity growth. Enjoy the charm of small-town living while staying close to schools, shopping, and dining. Don’t miss your chance to make this one your own—schedule a showing today!

Key facts

• 5,663 sq ft lot
• 2 garage spots
• Built 1900

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $435 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($795 rent vs $30k).
• Recommended offer: $26k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 81/100 on livability (#17 in NE, #1,404 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Syracuse-Dunbar-Avoca Schools (rural): math 65% / reading 57% proficiency, ranked #16 of 111 in NE (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: 25 active listings in the ZIP; 29 units permitted in Otoe County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $207 of loan paydown is wiped out by about $900 of value loss. Plan a longer hold.
• Otoe County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 306 days — a 12% lower offer ($26k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (33%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $26,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 306 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 2.65% ✓
• Cap rate: 23.70%
• Cash-on-cash: 62.15%
• DSCR: 3.77
• GRM: 3.1

CMA / ARV

• ARV (median comp): $115,500
• List price: $30,000
• Delta: -74.03%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 61.1%
• Equity multiple: 3.72×
• Total profit: $22,851
• Equity at exit: $4,473

10-year hold

• IRR: 65.7%
• Equity multiple: 7.62×
• Total profit: $55,590
• Equity at exit: $2,594

Cash invested: $8,400 (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 68446

• Home prices YoY: -6.8%
• Active inventory: 25
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $795 medium
• Mortgage (P&I): −$157
• Tax from tax record: −$23 /mo · $279/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$167
• Net cashflow: $435

Break-even live

Break-even rent $244

Max offer price $30,000

Occupancy floor 40%

Sensitivity live

Price	-10% $452	-5% $444	+0% $435	+5% $427	+10% $418
Rent	-10% $372	-5% $404	+0% $435	+5% $466	+10% $498
Rate	-1.0pp $450	-0.5pp $443	base $435	+0.5pp $427	+1.0pp $419

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: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-21
   days on market $30,000 Active 306 DOM
2. 2026-06-18
   days on market $30,000 Active 304 DOM
3. 2026-06-17
   days on market $30,000 Active 303 DOM
4. 2026-06-16
   days on market $30,000 Active 302 DOM
5. 2026-06-15
   days on market $30,000 Active 301 DOM
6. 2026-06-13
   days on market $30,000 Active 299 DOM
7. 2026-06-12
   days on market $30,000 Active 298 DOM
8. 2026-06-09
   days on market $30,000 Active 295 DOM
9. 2026-06-08
   days on market $30,000 Active 294 DOM
10. 2026-06-07
    days on market $30,000 Active 293 DOM
11. 2026-06-07
    days on market $30,000 Active 292 DOM
12. 2026-06-04
    days on market $30,000 Active 289 DOM
13. 2026-06-02
    days on market $30,000 Active 288 DOM
14. 2026-06-01
    days on market $30,000 Active 287 DOM
15. 2026-05-31
    days on market $30,000 Active 286 DOM
16. 2026-05-16
    price $30,000 409-char remark

    Show marketing remark (409 chars)

    Investor opportunity! This property is a blank canvas ready for your vision—bring your ideas and transform this space into the perfect home or investment. With a little TLC, this home offers great potential for equity growth. Enjoy the charm of small-town living while staying close to schools, shopping, and dining. Don’t miss your chance to make this one your own—schedule a showing today!

17. 2026-02-15
    price $35,000 409-char remark

    Show marketing remark (409 chars)

    Investor opportunity! This property is a blank canvas ready for your vision—bring your ideas and transform this space into the perfect home or investment. With a little TLC, this home offers great potential for equity growth. Enjoy the charm of small-town living while staying close to schools, shopping, and dining. Don’t miss your chance to make this one your own—schedule a showing today!

18. 2025-08-15
    listed $45,000 New 409-char remark

    Show marketing remark (409 chars)

    Investor opportunity! This property is a blank canvas ready for your vision—bring your ideas and transform this space into the perfect home or investment. With a little TLC, this home offers great potential for equity growth. Enjoy the charm of small-town living while staying close to schools, shopping, and dining. Don’t miss your chance to make this one your own—schedule a showing today!

19. 2025-01-17
    soldstatus $38,000 Sold 193-char remark

    Show marketing remark (193 chars)

    Investment opportunity in Syracuse, NE. Handyman or sweat equity could turn this into a nice 1 bedroom rental. Home will be cleaned out before closing. Huge detached garage & corner lot.

20. 2025-01-11
    status Pending 193-char remark

    Show marketing remark (193 chars)

    Investment opportunity in Syracuse, NE. Handyman or sweat equity could turn this into a nice 1 bedroom rental. Home will be cleaned out before closing. Huge detached garage & corner lot.

21. 2025-01-07
    listed $35,000 New 193-char remark

    Show marketing remark (193 chars)

    Investment opportunity in Syracuse, NE. Handyman or sweat equity could turn this into a nice 1 bedroom rental. Home will be cleaned out before closing. Huge detached garage & corner lot.

ⓘ 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: $279 · $23/mo
• Projected year-2 tax: $519 · $43/mo
• Expected delta: +$240/yr (+$20/mo · 86.3%)

ⓘ 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 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥106°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: $9,541
• − Mortgage interest: −$1,680
• − Property taxes: −$279
• − Insurance: −$150
• − Repairs & maintenance: −$763
• − Management: −$763
• − Depreciation: −$873
• Taxable income: $5,032
• Est. tax owed @ 24.0%: −$1,208
• After-tax cash flow: $4,013/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: Syracuse-Dunbar-Avoca Schools
• NCES district ID: 3177550
• Math proficiency: 65% ▬ 0.00%
• Reading proficiency: 57% ▼ -5.00%
• Median HH income: $51,897
• Composite: 52.13/100
• National rank: #1616
• State rank: #16 of 111 in NE

Livability — Syracuse

• Score: 81/100
• State rank: #17
• US rank: #1404

Category grades

Amenities F Commute F 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: Syracuse, NE
• Population (ZIP): 2,871

Population outlook (Otoe County) Hauer SSP2

• Today (2025): 16,475 people
• By 2030: 16,627 · +0.9%
• By 2040: 16,911 · +2.6%
• By 2050: 17,186 · +4.3%
• By 2075: 18,549 · +12.6%
• By 2100: 19,590 · +18.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 4%
• Common ancestry: Serbian 3% Portuguese 3% Lithuanian 3%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Otoe

• 2024 margin: Solid R (+38.9) · D 30.0% · R 68.9% · Other 1.0%
• 2008→2024 swing: -23.1pp toward R · 2008: -15.8pp · 2024: -38.9pp
• All cycles: 2024: R+38.9 2020: R+37.8 2016: R+38.7 2012: R+24.4 2008: R+15.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -17.32%
• Current HPI: 237.2558
• 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

-14.3% since first listed

6 events — show timeline

• 2026-05-16 Price Changed $30,000 GPRMLS
• 2026-02-15 Price Changed $35,000 GPRMLS
• 2025-08-15 Listed $45,000 GPRMLS
• 2025-01-17 Sold (MLS) $38,000 GPRMLS
• 2025-01-11 Pending — GPRMLS
• 2025-01-07 Listed $35,000 GPRMLS

Property tax history

-0.1%/yr

Latest (2025): $279 · -5.3% YoY. Source: county tax records.