2776 California Ct · Lincoln, NE 68510

$79,000

2 bd · 1.0 ba · 885 sqft · SingleFamily public records · 4 Days on market

Built 1920 2,614 sqft lot $89/sqft · 54% below area

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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).

• Cash flow +23.0/30.0
• ARV discount +7.5/15.0
• DSCR +7.4/10.0
• 1% rule +6.8/10.0
• Schools +4.4/10.0
• Livability +4.2/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Single-family residence offering a straightforward layout and strong potential. Ideal for both owner-occupants and investors looking to add to their portfolio. Conveniently located with access to nearby amenities and major routes. This property is tenant occupied.

Key facts

• 2,614 sq ft lot
• Built 1920
• Listed 4 days

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property; Built in 1920; One story (living area all above grade)
• Construction: Concrete perimeter foundation
• Exterior features: Up to 1/4 acre lot; Lot dimensions approximately 51 x 47; Lot included in price

Interior

• Bedrooms: Master bedroom on the main floor; Second bedroom on the main floor
• Bathrooms: One full bathroom (main floor)
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: No fireplaces; Enclosed porch

🏷️ Possibly a rental listed for sale. The $79,000 price doesn't fit this home's estimated sale value (~$173,367) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $141 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($934 rent vs $79k).
• Cap rate 8.4% vs local median 3.0% in Lincoln — 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 85/100 on livability (#5 in NE, #545 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime D+.
• Lincoln Public Schools (urban): math 50% / reading 53% proficiency, ranked #59 of 111 in NE (top 53%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Elliott Elementary School (math 37% / reading 42%, grade F, #346 of 502 statewide, top 74%, 370 students, 0% FRL); Lefler Middle School (math 46% / reading 45%, grade D+, #63 of 128 statewide, top 50%, 613 students, 61% FRL); Lincoln High School (math 38% / reading 41%, grade F, #184 of 261 statewide, top 76%, 2,196 students, 59% FRL) — zoned schools at 40% FRL track the district average.
• Market conditions: Rents rising (+1.8%/yr); 119 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 1,940 units permitted in Lancaster County in 2024 (895 in 5+ unit buildings).
• This rent is only 17% of the median local income ($66k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $546 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Lancaster County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts 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 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $79,000

Questions for the listing agent

1. Built in 1920 — 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. 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?
4. 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?
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: 1.18% ✓
• Cap rate: 8.43%
• Cash-on-cash: 7.64%
• DSCR: 1.34
• GRM: 7.0

CMA / ARV

• ARV (median comp): $173,367
• List price: $79,000
• Delta: -54.43%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2776 California Ct	0.00mi	2/1.0	885 (0%)	1mo	$80,000	$90	99
3132 F St	0.26mi	2/1.0	904 (+2%)	1mo	$215,000	$238	83
900 Elmwood Ave	0.36mi	2/1.0	886 (+0%)	4mo	$219,900	$248	80
3244 C St	0.42mi	2/1.0	936 (+6%)	6mo	$215,000	$230	66
2520 Garfield St	0.66mi	2/1.0	864 (-2%)	0mo	$100,000	$116	65
1215 S 22nd St	0.57mi	3/1.0 (+1)	864 (-2%)	5mo	$72,000	$83	60
901 S 24th St	0.35mi	1/1.0 (-1)	981 (+11%)	2mo	$128,000	$130	59
1349 Chautauqua Ave	0.51mi	2/1.0	816 (-8%)	6mo	$165,000	$202	58
2839 Sumner St	0.73mi	2/1.0	845 (-4%)	3mo	$200,000	$237	56
3521 D St	0.60mi	2/1.0	948 (+7%)	5mo	$195,000	$206	56
850 S 36th St	0.60mi	2/1.5	1,008 (+14%)	2mo	$226,000	$224	45
3510 L St	0.66mi	2/2.0	1,017 (+15%)	6mo	$219,000	$215	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 · 1.78% rent growth · sell at horizon

5-year hold

• IRR: -6.1%
• Equity multiple: 0.78×
• Total profit: $-4,919
• Equity at exit: $11,779

10-year hold

• IRR: 2.0%
• Equity multiple: 1.13×
• Total profit: $2,916
• Equity at exit: $6,830

Cash invested: $22,120 (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 68510

• Rents YoY: 1.8%
• Active inventory: 119
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $934 high
• Mortgage (P&I): −$414
• Tax from tax record: −$150 /mo · $1,796/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$196
• Net cashflow: $141

Break-even live

Break-even rent $756

Max offer price $79,000

Occupancy floor 80%

Sensitivity live

Price	-10% $186	-5% $163	+0% $141	+5% $118	+10% $96
Rent	-10% $67	-5% $104	+0% $141	+5% $178	+10% $215
Rate	-1.0pp $181	-0.5pp $161	base $141	+0.5pp $120	+1.0pp $100

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
861 S 29th St Unit 865 Lincoln, NE	2.0	1.0	902	$795	$0.88	14d	1	0.09mi
636 S 27th St Apt 6 Lincoln, NE	2.0	1.0	690	$725	$1.05	21d	1	0.14mi
2527 H St Lincoln, NE	2.0	1.0	625	$725	$1.16	44d	1	0.24mi
2612 J St Unit 4 Lincoln, NE	3.0	2.0	1050	$1,235	$1.18	14d	1	0.24mi
1001 S 26th St Lincoln, NE	2.0	1.0	790	$799	$1.01	14d	1	0.29mi
2510 E St Unit 3 Lincoln, NE	2.0	1.0	800	$875	$1.09	14d	1	0.30mi
526 S 25th St Unit 5 Lincoln, NE	2.0	1.0	670	$895	$1.34	14d	1	0.31mi
2444 E St Lincoln, NE	2.0	1.0	650	$749	$1.15	44d	1	0.33mi
2406 J St Unit G Lincoln, NE	1.0	1.0	605	$800	$1.32	44d	1	0.36mi
1100 S 25th St Unit 3 Lincoln, NE	1.0	1.0	553	$825	$1.49	44d	1	0.37mi
244 S 26th St Lincoln, NE	1.0	1.0	550	$600	$1.09	14d	1	0.41mi
240 S 26th St Lincoln, NE	2.0	1.0	820	$875	$1.07	14d	1	0.42mi
2501 N St Lincoln, NE	1.0	1.0	625	$720	$1.15	21d	1	0.48mi
2501 N St Lincoln, NE	1.0	1.0	576	$720	$1.25	44d	1	0.48mi
2423 B St Unit 1 Lincoln, NE	2.0	1.0	705	$845	$1.20	44d	1	0.53mi
2209 D St Lincoln, NE	1.0–2.0	1.0	760	$914	$1.20	14d	3	0.53mi
2110 J St Unit 3 Lincoln, NE	1.0	1.0	560	$695	$1.24	44d	1	0.56mi
130 N 27th St Unit 2 Lincoln, NE	2.0	1.0	735	$950	$1.29	14d	1	0.57mi
2335 B St Unit 5 Lincoln, NE	2.0	1.0	920	$875	$0.95	21d	1	0.57mi
2701 P St Unit 1 Lincoln, NE	2.0	1.0	864	$1,050	$1.22	21d	1	0.59mi
2040 F St Unit 7 Lincoln, NE	1.0	1.0	570	$695	$1.22	14d	1	0.59mi
2044 E St Lincoln, NE	1.0	1.0	575	$695	$1.21	21d	1	0.61mi
2800 P St Unit 5 Lincoln, NE	2.0	1.0	941	$995	$1.06	14d	1	0.61mi
2144 B St Unit 3 Lincoln, NE	1.0	1.0	700	$700	$1.00	21d	1	0.64mi
660 S 20th St Unit 1 Lincoln, NE	2.0	1.0	710	$825	$1.16	44d	1	0.64mi
660 S 20th St Unit 2 Lincoln, NE	2.0	1.0	710	$825	$1.16	21d	1	0.64mi
660 S 20th St Unit 5 Lincoln, NE	2.0	1.0	710	$825	$1.16	14d	1	0.64mi
2015 J St Unit 2 Lincoln, NE	1.0	1.0	604	$745	$1.23	21d	1	0.64mi
2015 J St Unit 7 Lincoln, NE	1.0	1.0	604	$775	$1.28	21d	1	0.64mi
2904 Q St Unit 2906 Lincoln, NE	3.0	1.5	1060	$1,458	$1.38	14d	1	0.69mi
1905 G St Unit 3 Lincoln, NE	1.0	1.0	755	$800	$1.06	44d	1	0.70mi
1905 G St Unit 1 Lincoln, NE	2.0	2.0	935	$960	$1.03	44d	1	0.71mi
1900 F St Unit B12 Lincoln, NE	1.0	1.0	648	$750	$1.16	44d	1	0.73mi
1901 E St Apt 1 Lincoln, NE	1.0	1.0	566	$700	$1.24	14d	1	0.74mi
1900 K St Lincoln, NE	2.0	1.0–2.0	775	$1,630	$2.10	44d	1	0.74mi
2430 Q St Apt 8 Lincoln, NE	2.0	1.0	780	$1,095	$1.40	44d	1	0.76mi
1820 F St Unit 7 Lincoln, NE	1.0	1.0	616	$725	$1.18	14d	1	0.77mi
1820 F St Unit 4 Lincoln, NE	1.0	1.0	616	$725	$1.18	44d	1	0.77mi
1821 G St Unit 4 Lincoln, NE	1.0	1.0	625	$735	$1.18	44d	1	0.77mi
2800 R St Unit 2 Lincoln, NE	2.0	2.0	973	$945	$0.97	14d	1	0.78mi

Listing history 10 events

1. 2026-05-05
   status Pending 264-char remark
2. 2026-05-01
   listed $79,000 New 264-char remark
3. 2026-05-01
   historical
4. 2026-04-12
   listed $99,000 New
5. 2026-04-12
   historical
6. 2026-03-05
   listed $112,000 New
7. 2026-03-05
   historical
8. 2026-01-20
   listed $122,000 New
9. 2019-10-31
   soldstatus $350,000
10. 2003-01-02
    soldstatus $59,000

ⓘ 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: $1,796 · $150/mo
• Projected year-2 tax: $1,796 · $150/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 ≥104°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: $11,206
• − Mortgage interest: −$4,425
• − Property taxes: −$1,796
• − Insurance: −$395
• − Repairs & maintenance: −$896
• − Management: −$896
• − Depreciation: −$2,298
• Taxable income: $498
• Est. tax owed @ 24.0%: −$120
• After-tax cash flow: $1,570/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: Lincoln Public Schools
• NCES district ID: 3172840
• Math proficiency: 50% ▼ -6.00%
• Reading proficiency: 53% ▼ -3.00%
• Median HH income: $50,273
• Composite: 44.05/100
• National rank: #2880
• State rank: #59 of 111 in NE

Livability — Lincoln

• Score: 85/100
• State rank: #5
• US rank: #545

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lincoln, NE
• County: Lancaster County · 291,509 people
• City population: 291,509
• Metro: Lincoln, NE
• Population (ZIP): 19,391
• Household income: $65,951
• Rent vs Own: 41.7% rent · 58.3% own
• Severe rent burden: 622.0

Population outlook (Lancaster County) Hauer SSP2

• Today (2025): 352,806 people
• By 2030: 377,899 · +7.1%
• By 2040: 428,582 · +21.5%
• By 2050: 483,103 · +36.9%
• By 2075: 632,390 · +79.2%
• By 2100: 759,513 · +115.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 7% Two or more races 6% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Arab 2% Romanian 2% Iranian 2%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 4% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Lancaster

• 2024 margin: Toss-up / Even · D 51.4% · R 47.1% · Other 1.5%
• 2008→2024 swing: -0.7pp no change · 2008: 5.0pp · 2024: 4.3pp
• All cycles: 2024: D+4.3 2020: D+7.8 2016: D+0.1 2012: R+1.0 2008: D+5.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -152.27%
• Current HPI: 243.7469
• Rent YoY: ▲ 1.78%
• Metro: Lincoln, NE
• 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

+39.8% since first listed

12 events — show timeline

• 2026-06-04 Sold (Public Records) $82,489 Public Records
• 2026-05-27 Sold (MLS) $80,000 GPRMLS
• 2026-05-05 Pending — GPRMLS
• 2026-05-01 Listing Removed — GPRMLS
• 2026-05-01 Listed $79,000 GPRMLS
• 2026-04-12 Listing Removed — GPRMLS
• 2026-04-12 Listed $99,000 GPRMLS
• 2026-03-05 Listing Removed — GPRMLS
• 2026-03-05 Listed $112,000 GPRMLS
• 2026-01-20 Listed $122,000 GPRMLS
• 2019-10-31 Sold (Public Records) $350,000 Public Records
• 2003-01-02 Sold (Public Records) $59,000 Public Records

Property tax history

+2.6%/yr

Latest (2025): $1,796 · +12.3% YoY. Source: county tax records.