2621 W 7th St · Hastings, NE 68901

$132,000

2 bd · 1.0 ba · 672 sqft · SingleFamily public records · 150 Days on market

Built 1952 $196/sqft · 6% below area Est $140k · 6% under

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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).

• Cash flow +17.7/30.0
• ARV discount +10.2/15.0
• DSCR +5.5/10.0
• 1% rule +4.2/10.0
• Livability +4.0/5.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This property offers a great investment opportunity or ideal starter home with plenty of potential! Featuring 2 bedrooms, 1 bathroom, and a detached single car garage. Enjoy the convenience of main floor living! This home features a new roof in 2025 and a nice sized backyard. Call today for a showing!

Key facts

• Garage
• Built 1952
• Listed 149 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $132k.

Deal economics

• At list price, monthly cash flow is $105 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $122k (7.9% below list).
• Recommended offer: $116k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 4.3% in Hastings — 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 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.
• Market conditions: 193 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 $913 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 150 days — a 12% lower offer ($116k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y ago; this cycle's ask has dropped $8k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $48k; list at $132k implies a 175% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $116,160 (12.0% below list)

Questions for the listing agent

1. It's been on market 150 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 1952 — 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. 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: 0.92% ✗
• Cap rate: 7.25%
• Cash-on-cash: 3.42%
• DSCR: 1.15
• GRM: 9.0

CMA / ARV

• ARV (median comp): $140,444
• List price: $132,000
• Delta: -6.01%
• Verdict: FAIR
• Comps: 13 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2616 W 6th St	0.04mi	2/1.0	672 (0%)	9mo	$105,000	$156	91
2315 W 6th St	0.20mi	2/1.0	672 (0%)	23mo	$105,000	$156	71
1907 W 3rd St	0.61mi	2/2.0	672 (0%)	18mo	$135,000	$201	52

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: -10.9%
• Equity multiple: 0.60×
• Total profit: $-14,696
• Equity at exit: $19,682

10-year hold

• IRR: -1.7%
• Equity multiple: 0.89×
• Total profit: $-4,223
• Equity at exit: $11,413

Cash invested: $36,960 (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: 193
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,216 medium
• Mortgage (P&I): −$692
• Tax from tax record: −$108 /mo · $1,298/yr
• Insurance: −$55
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $105

Break-even live

Break-even rent $1,083

Max offer price $132,000

Occupancy floor 86%

Sensitivity live

Price	-10% $180	-5% $143	+0% $105	+5% $68	+10% $31
Rent	-10% $9	-5% $57	+0% $105	+5% $153	+10% $201
Rate	-1.0pp $172	-0.5pp $139	base $105	+0.5pp $71	+1.0pp $36

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: $33,000
• Closing costs: $3,960
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-09
   days on market $132,000 Active 150 DOM
2. 2026-06-08
   days on market $132,000 Active 149 DOM
3. 2026-06-07
   days on market $132,000 Active 148 DOM
4. 2026-06-07
   days on market $132,000 Active 147 DOM
5. 2026-06-04
   days on market $132,000 Active 144 DOM
6. 2026-06-02
   days on market $132,000 Active 143 DOM
7. 2026-06-01
   days on market $132,000 Active 142 DOM
8. 2026-05-31
   days on market $132,000 Active 141 DOM
9. 2026-05-12
   price $132,000 302-char remark

   Show marketing remark (302 chars)

   This property offers a great investment opportunity or ideal starter home with plenty of potential! Featuring 2 bedrooms, 1 bathroom, and a detached single car garage. Enjoy the convenience of main floor living! This home features a new roof in 2025 and a nice sized backyard. Call today for a showing!

10. 2026-04-15
    price $135,000 302-char remark

    Show marketing remark (302 chars)

    This property offers a great investment opportunity or ideal starter home with plenty of potential! Featuring 2 bedrooms, 1 bathroom, and a detached single car garage. Enjoy the convenience of main floor living! This home features a new roof in 2025 and a nice sized backyard. Call today for a showing!

11. 2026-01-10
    listed $139,500 Active 302-char remark

    Show marketing remark (302 chars)

    This property offers a great investment opportunity or ideal starter home with plenty of potential! Featuring 2 bedrooms, 1 bathroom, and a detached single car garage. Enjoy the convenience of main floor living! This home features a new roof in 2025 and a nice sized backyard. Call today for a showing!

12. 2015-05-11
    soldstatus $48,000 234-char remark

    Show marketing remark (234 chars)

    Great little home perfect for a starter home or investment property. Newer furnace, AC and water heater. Sewer lines under the home recently updated. Washer and Dryer hook ups in the kitchen. Current tenent have through July 8, 2015.-

13. 2015-05-11
    soldstatus $48,000

    Show marketing remark (234 chars)

    Great little home perfect for a starter home or investment property. Newer furnace, AC and water heater. Sewer lines under the home recently updated. Washer and Dryer hook ups in the kitchen. Current tenent have through July 8, 2015.-

14. 2015-03-18
    listed $48,500 234-char remark

    Show marketing remark (234 chars)

    Great little home perfect for a starter home or investment property. Newer furnace, AC and water heater. Sewer lines under the home recently updated. Washer and Dryer hook ups in the kitchen. Current tenent have through July 8, 2015.-

ⓘ 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: $1,298 · $108/mo
• Projected year-2 tax: $2,284 · $190/mo
• Expected delta: +$985/yr (+$82/mo · 75.9%)

ⓘ 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 ≥101°F today · 17 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: $14,594
• − Mortgage interest: −$7,394
• − Property taxes: −$1,298
• − Insurance: −$660
• − Repairs & maintenance: −$1,168
• − Management: −$1,168
• − Depreciation: −$3,840
• Taxable loss: −$933
• Est. tax savings @ 24.0%: +$224
• After-tax cash flow: $1,488/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

+172.2% since first listed

6 events — show timeline

• 2026-05-12 Price Changed $132,000 GMNMLS
• 2026-04-15 Price Changed $135,000 GMNMLS
• 2026-01-10 Listed $139,500 GMNMLS
• 2015-05-11 Sold (Public Records) $48,000 Public Records
• 2015-05-11 Sold (MLS) $48,000 GMNMLS
• 2015-03-18 Listed $48,500 GMNMLS

Property tax history

+4.0%/yr

Latest (2025): $1,298 · +3.1% YoY. Source: county tax records.