3103 & 3101 W Laux Dr · Hastings, NE 68901

$210,000

3 bd · 2.0 ba · 3,576 sqft · SingleFamily · 87 Days on market

Built 2026 5,227 sqft lot $59/sqft · 46% below area Est $386k · 46% under ↓ 4% since listing

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Why this score? — see what drove the D 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 +8.5/30.0
• Livability +4.0/5.0
• Schools +3.4/10.0
• 1% rule +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investment Opportunity! Framed duplex featuring 1788 sq ft. on each unit and an attached 2 car garage. So many possibilities! This property is waiting for the new owner to make it their own. The property is being Sold As Is. Call for a showing today!

Key facts

• 5,227 sq ft lot
• 2 garage spots
• Built 2026

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $-183 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $183k (12.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $160k (23.6% below list).
• Recommended offer: $160k (23.6% below list) — sets the bar for 1% rule.
• Cap rate 5.2% vs local median 4.3% in Hastings — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 79/100 on livability (#41 in NE, #2,188 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, amenities D-, commute F.
• Hastings Public Schools (town): math 38% / reading 42% proficiency, ranked #96 of 111 in NE (top 86%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Hastings Middle School (math 39% / reading 42%, grade F, #82 of 128 statewide, top 65%, 780 students, 52% FRL); Adams Central Jr-Sr High Sch (math 57% / reading 52%, grade C-, #80 of 261 statewide, top 37%, 430 students, 20% FRL).
• Market conditions: 194 active listings in the ZIP; 217 units permitted in Adams County in 2024 (132 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 87 days — a 6% lower offer ($197k) is reasonable based on typical stale-listing flexibility.

Recommended offer $160,482 (23.6% 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. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.76% ✗
• Cap rate: 5.24%
• Cash-on-cash: -3.74%
• DSCR: 0.83
• GRM: 10.9

CMA / ARV

• ARV (median comp): $386,393
• List price: $210,000
• Delta: -45.65%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3011 E Laux Dr	0.23mi	3/2.0	3,366 (-6%)	8mo	$310,000	$92	73
3704 Fisherman Ln	0.62mi	4/3.5 (+1)	3,442 (-4%)	12mo	$429,000	$125	44
607 Shoreside Cv	0.57mi	4/3.0 (+1)	3,776 (+6%)	14mo	$351,000	$93	44
3704 Fisherman Ln	0.60mi	4/4.0 (+1)	3,442 (-4%)	12mo	$429,000	$125	43

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -22.6%
• Equity multiple: 0.22×
• Total profit: $-45,689
• Equity at exit: $31,312

10-year hold

• IRR: -16.8%
• Equity multiple: 0.07×
• Total profit: $-54,732
• Equity at exit: $18,157

Cash invested: $58,800 (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 68901

• Active inventory: 194
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $1,605 medium
• Mortgage (P&I): −$1,101
• Tax est. 1.5%: −$262 /mo · $3,150/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $-183

Break-even live

Break-even rent $1,837

Max offer price $183,454

Occupancy floor —

Sensitivity live

Price	-10% $-38	-5% $-111	+0% $-183	+5% $-256	+10% $-329
Rent	-10% $-310	-5% $-247	+0% $-183	+5% $-120	+10% $-57
Rate	-1.0pp $-78	-0.5pp $-130	base $-183	+0.5pp $-238	+1.0pp $-293

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-22
   days on market $210,000 Active 87 DOM
2. 2026-06-21
   days on market $210,000 Active 86 DOM
3. 2026-06-21
   days on market $210,000 Active 85 DOM
4. 2026-06-18
   days on market $210,000 Active 83 DOM
5. 2026-06-17
   days on market $210,000 Active 82 DOM
6. 2026-06-16
   days on market $210,000 Active 81 DOM
7. 2026-06-15
   days on market $210,000 Active 80 DOM
8. 2026-06-13
   days on market $210,000 Active 78 DOM
9. 2026-06-12
   days on market $210,000 Active 77 DOM
10. 2026-06-09
    days on market $210,000 Active 74 DOM
11. 2026-06-08
    days on market $210,000 Active 73 DOM
12. 2026-06-07
    days on market $210,000 Active 72 DOM
13. 2026-06-07
    days on market $210,000 Active 71 DOM
14. 2026-06-04
    days on market $210,000 Active 68 DOM
15. 2026-06-02
    days on market $210,000 Active 67 DOM
16. 2026-06-01
    days on market $210,000 Active 66 DOM
17. 2026-05-31
    days on market $210,000 Active 65 DOM
18. 2026-04-14
    price $220,000 250-char remark

    Show marketing remark (250 chars)

    Investment Opportunity! Framed duplex featuring 1788 sq ft. on each unit and an attached 2 car garage. So many possibilities! This property is waiting for the new owner to make it their own. The property is being Sold As Is. Call for a showing today!

19. 2026-03-27
    listed $230,000 Active 250-char remark

    Show marketing remark (250 chars)

    Investment Opportunity! Framed duplex featuring 1788 sq ft. on each unit and an attached 2 car garage. So many possibilities! This property is waiting for the new owner to make it their own. The property is being Sold As Is. Call for a showing today!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 · 18 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: $19,258
• − Mortgage interest: −$11,763
• − Property taxes: −$3,150
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,541
• − Management: −$1,541
• − Depreciation: −$6,109
• Taxable loss: −$5,896
• Est. tax savings @ 24.0%: +$1,415
• After-tax cash flow: $-786/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: Hastings Public Schools
• NCES district ID: 3171580
• Math proficiency: 38% ▼ -8.00%
• Reading proficiency: 42% ▼ -4.00%
• Median HH income: $42,942
• Composite: 33.81/100
• National rank: #5363
• State rank: #96 of 111 in NE

Livability — Hastings

• Score: 79/100
• State rank: #41
• US rank: #2188

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hastings, NE
• City population: 26,208
• Population (ZIP): 26,208

Population outlook (Adams County) Hauer SSP2

• Today (2025): 31,965 people
• By 2030: 32,079 · +0.4%
• By 2040: 31,999 · +0.1%
• By 2050: 31,586 · -1.2%
• By 2075: 30,856 · -3.5%
• By 2100: 29,948 · -6.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 14% Two or more races 8% Black 1% Asian 1%
• Hispanic origin (detail): Mexican 9% Cuban 1%
• Common ancestry: Lithuanian 2% Romanian 2% Italian 2%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 9% Vietnamese 1%

Political lean MEDSL · Adams

• 2024 margin: Solid R (+41.6) · D 28.5% · R 70.2% · Other 1.3%
• 2008→2024 swing: -14.6pp toward R · 2008: -27.0pp · 2024: -41.6pp
• All cycles: 2024: R+41.6 2020: R+40.1 2016: R+45.0 2012: R+34.1 2008: R+27.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -255.77%
• Current HPI: 232.0444
• 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

-4.3% since first listed

2 events — show timeline

• 2026-04-14 Price Changed $220,000 GMNMLS
• 2026-03-27 Listed $230,000 GMNMLS

Property tax history

+159.9%/yr

Latest (2025): $148 · -9.1% YoY. Source: county tax records.