310 N Thorne St · Bladen, NE 68928

$40,000

2 bd · 1.0 ba · 1,374 sqft · SingleFamily public records · 198 Days on market

Built 1925 $29/sqft · 63% below area ↓ 20% 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
• Appreciation +5.6/10.0
• Schools +3.6/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This home has undergone major renovations inside and out. Recent updates include a new roof, vinyl siding, doors, and windows. The interior has been completely gutted down to the studs, with framing replaced as needed, and redesigned with a modern, open layout. The new floor plan features: Spacious open-concept living, dining, and kitchen area 3 bedrooms, 2 full bathrooms (including a primary ensuite) Ample storage with plenty of closets, including a large walk-in closet in the master 2 pantries, one of which is walk-in Additional highlights: Partial unfinished basement All new plumbing and electrical throughout Offered at $50,000 – sellers are motivated.

Key facts

• Modern open layout
• Vinyl siding
• Large walk-in closet

Tags

• NEW ROOF
• VINYL SIDING
• MODERN OPEN LAYOUT
• SPACIOUS OPEN-CONCEPT LIVING
• AMPLE STORAGE
• LARGE WALK-IN CLOSET

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $639 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $35k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#374 in NE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing B+; Watch: health & safety C-, crime D+, amenities F.
• Silver Lake Public Schools (rural): math 40% / reading 40% proficiency, ranked #213 of 245 in NE (top 87%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 1 active listings in the ZIP; 2 units permitted in Webster County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $749 of equity ($277 loan paydown + $472 appreciation (1.2% local appreciation)).
• Webster County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (1.2% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 198 days — a 12% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $35,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 198 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 1925 — 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. Crime grade is D 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?
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: 2.79% ✓
• Cap rate: 25.47%
• Cash-on-cash: 68.50%
• DSCR: 4.05
• GRM: 3.0

CMA / ARV

• ARV (median comp): $123,271
• List price: $40,000
• Delta: -67.55%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
303 W Mariel St	0.13mi	3/2.0 (+1)	1,362 (-1%)	10mo	$147,500	$108	75
103 S Main St	0.22mi	3/2.0 (+1)	1,568 (+14%)	13mo	$55,000	$35	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.18% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 71.5%
• Equity multiple: 4.73×
• Total profit: $41,816
• Equity at exit: $14,033

10-year hold

• IRR: 72.5%
• Equity multiple: 9.64×
• Total profit: $96,776
• Equity at exit: $18,943

Cash invested: $11,200 (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 68928

• Home prices YoY: 1.0%
• Active inventory: 1
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,116 medium
• Mortgage (P&I): −$210
• Tax from tax record: −$16 /mo · $189/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$234
• Net cashflow: $639

Break-even live

Break-even rent $307

Max offer price $40,000

Occupancy floor 38%

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: $10,000
• Closing costs: $1,200
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-06-09
   status $40,000 Pending 198 DOM
2. 2026-06-08
   days on market $40,000 Active 198 DOM
3. 2026-06-07
   days on market $40,000 Active 197 DOM
4. 2026-06-05
   days on market $40,000 Active 195 DOM
5. 2026-06-04
   days on market $40,000 Active 193 DOM
6. 2026-06-02
   days on market $40,000 Active 192 DOM
7. 2026-06-01
   days on market $40,000 Active 191 DOM
8. 2026-05-31
   days on market $40,000 Active 190 DOM
9. 2026-03-26
   price $40,000 677-char remark

   Show marketing remark (677 chars)

   This home has undergone major renovations inside and out. Recent updates include a new roof, vinyl siding, doors, and windows. The interior has been completely gutted down to the studs, with framing replaced as needed, and redesigned with a modern, open layout. The new floor plan features: Spacious open-concept living, dining, and kitchen area 3 bedrooms, 2 full bathrooms (including a primary ensuite) Ample storage with plenty of closets, including a large walk-in closet in the master 2 pantries, one of which is walk-in Additional highlights: Partial unfinished basement All new plumbing and electrical throughout Offered at $50,000 – sellers are motivated.

10. 2026-03-25
    status Active 677-char remark

    Show marketing remark (677 chars)

    This home has undergone major renovations inside and out. Recent updates include a new roof, vinyl siding, doors, and windows. The interior has been completely gutted down to the studs, with framing replaced as needed, and redesigned with a modern, open layout. The new floor plan features: Spacious open-concept living, dining, and kitchen area 3 bedrooms, 2 full bathrooms (including a primary ensuite) Ample storage with plenty of closets, including a large walk-in closet in the master 2 pantries, one of which is walk-in Additional highlights: Partial unfinished basement All new plumbing and electrical throughout Offered at $50,000 – sellers are motivated.

11. 2026-01-12
    status Pending 677-char remark

    Show marketing remark (677 chars)

    This home has undergone major renovations inside and out. Recent updates include a new roof, vinyl siding, doors, and windows. The interior has been completely gutted down to the studs, with framing replaced as needed, and redesigned with a modern, open layout. The new floor plan features: Spacious open-concept living, dining, and kitchen area 3 bedrooms, 2 full bathrooms (including a primary ensuite) Ample storage with plenty of closets, including a large walk-in closet in the master 2 pantries, one of which is walk-in Additional highlights: Partial unfinished basement All new plumbing and electrical throughout Offered at $50,000 – sellers are motivated.

12. 2025-10-28
    price $46,900 677-char remark

    Show marketing remark (677 chars)

    This home has undergone major renovations inside and out. Recent updates include a new roof, vinyl siding, doors, and windows. The interior has been completely gutted down to the studs, with framing replaced as needed, and redesigned with a modern, open layout. The new floor plan features: Spacious open-concept living, dining, and kitchen area 3 bedrooms, 2 full bathrooms (including a primary ensuite) Ample storage with plenty of closets, including a large walk-in closet in the master 2 pantries, one of which is walk-in Additional highlights: Partial unfinished basement All new plumbing and electrical throughout Offered at $50,000 – sellers are motivated.

13. 2025-09-03
    listed $50,000 Active 677-char remark

    Show marketing remark (677 chars)

    This home has undergone major renovations inside and out. Recent updates include a new roof, vinyl siding, doors, and windows. The interior has been completely gutted down to the studs, with framing replaced as needed, and redesigned with a modern, open layout. The new floor plan features: Spacious open-concept living, dining, and kitchen area 3 bedrooms, 2 full bathrooms (including a primary ensuite) Ample storage with plenty of closets, including a large walk-in closet in the master 2 pantries, one of which is walk-in Additional highlights: Partial unfinished basement All new plumbing and electrical throughout Offered at $50,000 – sellers are motivated.

ⓘ 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: $189 · $16/mo
• Projected year-2 tax: $692 · $58/mo
• Expected delta: +$503/yr (+$42/mo · 265.8%)

ⓘ 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 ≥102°F today · 16 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: $13,390
• − Mortgage interest: −$2,241
• − Property taxes: −$189
• − Insurance: −$200
• − Repairs & maintenance: −$1,071
• − Management: −$1,071
• − Depreciation: −$1,164
• Taxable income: $7,454
• Est. tax owed @ 24.0%: −$1,789
• After-tax cash flow: $5,883/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: Silver Lake Public Schools
• NCES district ID: 3100066
• Math proficiency: 40% ▼ -10.00%
• Reading proficiency: 40% ▬ 0.00%
• Median HH income: $44,335
• Composite: 36.38/100
• National rank: #9362
• State rank: #213 of 245 in NE

Livability — Bladen

• Score: 64/100
• State rank: #374
• US rank: #13945

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bladen, NE
• Population (ZIP): 331

Population outlook (Webster County) Hauer SSP2

• Today (2025): 3,563 people
• By 2030: 3,510 · -1.5%
• By 2040: 3,463 · -2.8%
• By 2050: 3,394 · -4.7%
• By 2075: 3,239 · -9.1%
• By 2100: 2,706 · -24.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Hispanic / Latino 3%
• Common ancestry: Italian 13% Slovak 3% Serbian 2%
• Languages at home: 96% English-only · Spanish 4%

Political lean MEDSL · Webster

• 2024 margin: Solid R (+65.4) · D 16.8% · R 82.2% · Other 1.0%
• 2008→2024 swing: -27.9pp toward R · 2008: -37.5pp · 2024: -65.4pp
• All cycles: 2024: R+65.4 2020: R+62.7 2016: R+60.1 2012: R+47.1 2008: R+37.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.18%
• Current HPI: 119.2807
• 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

-20.0% since first listed

5 events — show timeline

• 2026-03-26 Price Changed $40,000 GMNMLS
• 2026-03-25 Relisted — GMNMLS
• 2026-01-12 Pending — GMNMLS
• 2025-10-28 Price Changed $46,900 GMNMLS
• 2025-09-03 Listed $50,000 GMNMLS

Property tax history

-7.8%/yr

Latest (2025): $189 · -38.6% YoY. Source: county tax records.