411 Pine St · Clarkson, NE 68629

$99,900

3 bd · 1.0 ba · 1,176 sqft · SingleFamily public records · 28 Days on market

Built 1900 8,820 sqft lot Est $127k · 21% under

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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 +24.8/30.0
• ARV discount +15.0/15.0
• DSCR +8.0/10.0
• Appreciation +7.4/10.0
• 1% rule +5.8/10.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This well cared for 2 bed 3/4 bath home is a must see! Lots of storage, windows, kitchen, furnace, ac, and water heater have been updated, roof replaced in 2019, vinyl siding. This property has a summer kitchen behind it with electricity, a shed and single car garage! the property has existing apple, cherry, and choke cherry trees, a large patch of asparagus, horseradish and rhubarb, as well as red large rasberries. It is also zero entry on the side of the house.

Key facts

• 8,820 sq ft lot
• Built 1900
• Listed 28 days

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Single-family home; One and one-half stories; Built in 1900; Not new / not a model
• Construction: Block foundation
• Exterior features: Partial fencing; Shed(s) on the property; Lot about 0.2 acres (approx. 63 x 140); Yard included in price

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Main floor primary bedroom approximately 12 x 12 (about 147 sq ft); Second-floor bedroom approximately 12 x 9.25 (about 111 sq ft); Second-floor bedroom approximately 15.25 x 14.5 (about 221 sq ft)
• Bathrooms: One bathroom (main level)
• Heating & cooling: Propane forced-air heating; Central air conditioning
• Interior features: Range; Refrigerator; No fireplaces

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $210 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $98k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 71/100 on livability (#192 in NE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, employment A-; Watch: amenities F, commute F.
• Clarkson Public Schools (rural): math 45% / reading 60% proficiency, ranked #128 of 245 in NE (top 52%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 17% free/reduced lunch — higher-income household profile.
• Zoned schools: Clarkson Elementary School (math 34% / reading 44%, grade F, #346 of 502 statewide, top 74%, 108 students, 42% FRL); Clarkson Jr-Sr High School (math 44% / reading 54%, grade D, #107 of 261 statewide, top 52%, 116 students, 35% FRL) — zoned schools average 38% FRL vs 17% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 2 active listings in the ZIP; 40 units permitted in Colfax County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($691 loan paydown + $5k appreciation (4.7% local appreciation)).
• Colfax County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (4.7% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($98k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y 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.
• Current owner paid $38k; list at $100k implies a 166% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $98,401 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — 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 B-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. 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.
5. 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.
6. 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: 1.08% ✓
• Cap rate: 8.82%
• Cash-on-cash: 9.02%
• DSCR: 1.40
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $127,008
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
411 Pine St	0.00mi	3/1.0	1,324 (+13%)	1mo	$89,000	$67	78
517 3rd St	0.41mi	3/2.0	1,200 (+2%)	2mo	$130,000	$108	72

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

Projected returns pro-forma

4.72% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.0%
• Equity multiple: 2.25×
• Total profit: $34,833
• Equity at exit: $54,943

10-year hold

• IRR: 19.9%
• Equity multiple: 4.38×
• Total profit: $94,478
• Equity at exit: $93,471

Cash invested: $27,972 (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 68629

• Home prices YoY: 1.9%
• Active inventory: 2
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,076 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$74 /mo · $887/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$226
• Net cashflow: $210

Break-even live

Break-even rent $809

Max offer price $99,900

Occupancy floor 75%

Sensitivity live

Price	-10% $267	-5% $239	+0% $210	+5% $182	+10% $154
Rent	-10% $125	-5% $168	+0% $210	+5% $253	+10% $295
Rate	-1.0pp $261	-0.5pp $236	base $210	+0.5pp $184	+1.0pp $158

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-05-01
   status Pending
2. 2026-04-02
   listed $99,900 New
3. 2021-06-30
   soldstatus $37,500 468-char remark

   Show marketing remark (468 chars)

   This well cared for 2 bed 3/4 bath home is a must see! Lots of storage, windows, kitchen, furnace, ac, and water heater have been updated, roof replaced in 2019, vinyl siding. This property has a summer kitchen behind it with electricity, a shed and single car garage! the property has existing apple, cherry, and choke cherry trees, a large patch of asparagus, horseradish and rhubarb, as well as red large rasberries. It is also zero entry on the side of the house.

4. 2021-06-08
   listed $42,000 468-char remark

   Show marketing remark (468 chars)

   This well cared for 2 bed 3/4 bath home is a must see! Lots of storage, windows, kitchen, furnace, ac, and water heater have been updated, roof replaced in 2019, vinyl siding. This property has a summer kitchen behind it with electricity, a shed and single car garage! the property has existing apple, cherry, and choke cherry trees, a large patch of asparagus, horseradish and rhubarb, as well as red large rasberries. It is also zero entry on the side of the house.

ⓘ 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: $887 · $74/mo
• Projected year-2 tax: $1,728 · $144/mo
• Expected delta: +$842/yr (+$70/mo · 94.9%)

ⓘ 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 ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,906
• − Mortgage interest: −$5,596
• − Property taxes: −$887
• − Insurance: −$500
• − Repairs & maintenance: −$1,032
• − Management: −$1,032
• − Depreciation: −$2,906
• Taxable income: $953
• Est. tax owed @ 24.0%: −$229
• After-tax cash flow: $2,294/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: Clarkson Public Schools
• NCES district ID: 3105160
• Math proficiency: 45% ▬ 0.00%
• Reading proficiency: 60% ▼ -5.00%
• Median HH income: $49,418
• Composite: 46.69/100
• National rank: #5253
• State rank: #128 of 245 in NE

Livability — Clarkson

• Score: 71/100
• State rank: #192
• US rank: #6772

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clarkson, NE
• Population (ZIP): 1,211

Population outlook (Colfax County) Hauer SSP2

• Today (2025): 10,949 people
• By 2030: 11,199 · +2.3%
• By 2040: 11,857 · +8.3%
• By 2050: 12,758 · +16.5%
• By 2075: 15,468 · +41.3%
• By 2100: 18,207 · +66.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (98%)
• Race & ethnicity: White 98%
• Common ancestry: Romanian 2% Iranian 1% Italian 1%
• Languages at home: 99% English-only · Russian/Polish/Slavic 1%

Political lean MEDSL · Colfax

• 2024 margin: Solid R (+50.9) · D 24.0% · R 75.0% · Other 1.0%
• 2008→2024 swing: -23.1pp toward R · 2008: -27.9pp · 2024: -50.9pp
• All cycles: 2024: R+50.9 2020: R+43.2 2016: R+41.4 2012: R+35.6 2008: R+27.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.72%
• Current HPI: 247.2366
• 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

+137.9% since first listed

4 events — show timeline

• 2026-05-01 Pending — GPRMLS
• 2026-04-02 Listed $99,900 GPRMLS
• 2021-06-30 Sold (MLS) $37,500 NNEMLS
• 2021-06-08 Listed $42,000 NNEMLS

Property tax history

+18.4%/yr

Latest (2025): $887 · +27.2% YoY. Source: county tax records.