133 S 7th St · Hebron, NE 68370

$39,900

2 bd · 1.0 ba · 965 sqft · SingleFamily public records · 203 Days on market

Built 1920 0.36 ac lot $41/sqft · 54% below area

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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
• Appreciation +4.4/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Discover this charming home in Hebron, set on a generous 0.36-acre lot and filled with timeless character. The exterior showcases vintage architectural details, while inside you'll find beautiful wood floors, classic colonnades, and spaces ready to shine. This home offers 2 bedrooms, 1 bathroom, a circuit breaker box, and a newer roof. A bright and cheery sun porch invites morning coffee, afternoon reading, or simply soaking in the natural light. If you're someone who appreciates older homes and isn't afraid to roll up your sleeves, this property is full of potential. With a bit of vision and effort, you can transform it into the inviting home it's meant to be. Seller is selling the property as-is.

Key facts

• Classic colonnades
• 0.36-acre lot
• 0.36 acre lot

Tags

• 0.36-ACRE LOT
• VINTAGE ARCHITECTURAL DETAILS
• BEAUTIFUL WOOD FLOORS
• CLASSIC COLONNADES
• BRIGHT AND CHEERY SUN PORCH

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 $351 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($750 rent vs $40k).
• Recommended offer: $35k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 79/100 on livability (#39 in NE, #2,155 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Thayer Central Community Schools (rural): math 67% / reading 57% proficiency, ranked #15 of 111 in NE (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 3 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 3 units permitted in Thayer County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-1.2%/yr); year-one equity from $276 of loan paydown is wiped out by about $494 of value loss. Plan a longer hold.
• Thayer County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-1.2% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 203 days — a 12% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $6k; list at $40k implies a 565% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $35,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 203 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 1920 — 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 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?
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: 1.88% ✓
• Cap rate: 16.85%
• Cash-on-cash: 37.71%
• DSCR: 2.68
• GRM: 4.4

CMA / ARV

• ARV (median comp): $86,868
• List price: $39,900
• Delta: -54.07%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
649 N 4th St	0.62mi	2/2.0	1,089 (+13%)	24mo	$141,000	$129	26

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

Projected returns pro-forma

-1.24% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 36.6%
• Equity multiple: 2.69×
• Total profit: $18,921
• Equity at exit: $9,177

10-year hold

• IRR: 41.3%
• Equity multiple: 5.30×
• Total profit: $48,046
• Equity at exit: $9,254

Cash invested: $11,172 (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 68370

• Home prices YoY: -0.6%
• Active inventory: 3
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $750 medium
• Mortgage (P&I): −$209
• Tax from tax record: −$16 /mo · $186/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$158
• Net cashflow: $351

Break-even live

Break-even rent $306

Max offer price $39,900

Occupancy floor 48%

Sensitivity live

Price	-10% $374	-5% $362	+0% $351	+5% $340	+10% $329
Rent	-10% $292	-5% $321	+0% $351	+5% $381	+10% $410
Rate	-1.0pp $371	-0.5pp $361	base $351	+0.5pp $341	+1.0pp $330

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
130 S 5th St Unit 201 Hebron, NE	1.0	1.0	552	$750	$1.36	44d	1	0.14mi
915 Lincoln Ave Hebron, NE	2.0	1.0	632	$750	$1.19	44d	1	0.16mi

Listing history 10 events

1. 2026-06-08
   days on market $39,900 Active 203 DOM
2. 2026-06-07
   days on market $39,900 Active 202 DOM
3. 2026-06-05
   days on market $39,900 Active 200 DOM
4. 2026-06-04
   days on market $39,900 Active 198 DOM
5. 2026-06-02
   days on market $39,900 Active 197 DOM
6. 2026-06-01
   days on market $39,900 Active 196 DOM
7. 2026-05-31
   days on market $39,900 Active 195 DOM
8. 2026-05-11
   price $39,900 709-char remark

   Show marketing remark (709 chars)

   Discover this charming home in Hebron, set on a generous 0.36-acre lot and filled with timeless character. The exterior showcases vintage architectural details, while inside you'll find beautiful wood floors, classic colonnades, and spaces ready to shine. This home offers 2 bedrooms, 1 bathroom, a circuit breaker box, and a newer roof. A bright and cheery sun porch invites morning coffee, afternoon reading, or simply soaking in the natural light. If you're someone who appreciates older homes and isn't afraid to roll up your sleeves, this property is full of potential. With a bit of vision and effort, you can transform it into the inviting home it's meant to be. Seller is selling the property as-is.

9. 2025-11-14
   listed $54,000 New 709-char remark

   Show marketing remark (709 chars)

   Discover this charming home in Hebron, set on a generous 0.36-acre lot and filled with timeless character. The exterior showcases vintage architectural details, while inside you'll find beautiful wood floors, classic colonnades, and spaces ready to shine. This home offers 2 bedrooms, 1 bathroom, a circuit breaker box, and a newer roof. A bright and cheery sun porch invites morning coffee, afternoon reading, or simply soaking in the natural light. If you're someone who appreciates older homes and isn't afraid to roll up your sleeves, this property is full of potential. With a bit of vision and effort, you can transform it into the inviting home it's meant to be. Seller is selling the property as-is.

10. 2015-09-14
    soldstatus $6,000

ⓘ 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: $186 · $16/mo
• Projected year-2 tax: $690 · $58/mo
• Expected delta: +$504/yr (+$42/mo · 270.6%)

ⓘ 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 5/10 Major
• 🌡 Heat 4/10 Moderate 7 d/yr ≥105°F today · 16 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: $9,000
• − Mortgage interest: −$2,235
• − Property taxes: −$186
• − Insurance: −$200
• − Repairs & maintenance: −$720
• − Management: −$720
• − Depreciation: −$1,161
• Taxable income: $3,778
• Est. tax owed @ 24.0%: −$907
• After-tax cash flow: $3,307/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: Thayer Central Community Schools
• NCES district ID: 3100132
• Math proficiency: 67% ▲ 2.00%
• Reading proficiency: 57% ▼ -5.00%
• Median HH income: $43,690
• Composite: 52.18/100
• National rank: #1611
• State rank: #15 of 111 in NE

Livability — Hebron

• Score: 79/100
• State rank: #39
• US rank: #2155

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hebron, NE
• Population (ZIP): 1,953

Population outlook (Thayer County) Hauer SSP2

• Today (2025): 4,947 people
• By 2030: 4,983 · +0.7%
• By 2040: 5,052 · +2.1%
• By 2050: 5,224 · +5.6%
• By 2075: 6,247 · +26.3%
• By 2100: 6,520 · +31.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Lithuanian 3% Serbian 2% Portuguese 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Thayer

• 2024 margin: Solid R (+60.8) · D 19.1% · R 79.9% · Other 1.1%
• 2008→2024 swing: -27.4pp toward R · 2008: -33.4pp · 2024: -60.8pp
• All cycles: 2024: R+60.8 2020: R+56.3 2016: R+57.5 2012: R+43.0 2008: R+33.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1.24%
• Current HPI: 199.9314
• 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

+565.0% since first listed

3 events — show timeline

• 2026-05-11 Price Changed $39,900 GPRMLS
• 2025-11-14 Listed $54,000 GPRMLS
• 2015-09-14 Sold (Public Records) $6,000 Public Records

Property tax history

-2.9%/yr

Latest (2025): $186 · +26.0% YoY. Source: county tax records.