300 N Bare Ave · North Platte, NE 69101

$59,000

3 bd · 2.0 ba · 1,056 sqft · Manufactured · 61 Days on market

Built 1997 Good condition $56/sqft · 75% above 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 +4.0/10.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

LOTS OF UPDATES TO THIS WELL MAINTAINED MOBILE HOME. NEWER FURNACE AND AC AS WELL AS WATER HEATER, NEWER WINDOWS, ROOF HAS BEEN RECOATED, BOTH DECKS ARE NEWER, NEWER SKIRTING, WASHER AND DRYER ARE NEGOTIABLE. LOT RENT IS $481 INCLUSED WATER AND TRASH

Key facts

• Recently remodeled
• Hot tub stays
• New windows

Tags

• RECENTLY REMODELED
• NEW WINDOWS
• FULLY APPLIANCED KITCHEN
• HOT TUB STAYS

Property features AI

Finance

• Other: Lot is leased

Exterior

• Utilities: Public water; Public sewer; Natural gas available
• Home design: Manufactured home; Residential property
• Construction: Vinyl siding; Composition roof
• Exterior features: Deck

Interior

• Kitchen: Dishwasher; Gas range; Refrigerator
• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 2 bathrooms on the main level
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Eat-in kitchen
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $59k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $539 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $59k).
• Recommended offer: $55k (6.0% below list) — sets the bar for market timing.
• Cap rate 17.2% vs local median 2.5% in North Platte — 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 74/100 on livability (#109 in NE, #4,400 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, amenities D, commute F.
• North Platte Public Schools (town): math 47% / reading 46% proficiency, ranked #77 of 111 in NE (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Eisenhower Elementary School (math 67% / reading 62%, grade B, #78 of 502 statewide, top 18%, 212 students, 0% FRL); Adams Middle School (math 43% / reading 43%, grade D-, #70 of 128 statewide, top 54%, 566 students, 48% FRL); North Platte High School (math 31% / reading 31%, grade F, #231 of 261 statewide, top 88%, 1,212 students, 42% FRL) — zoned schools at 30% FRL track the district average.
• Market conditions: 191 active listings in the ZIP; 66 units permitted in Lincoln County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $408 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Lincoln County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 61 days — a 6% lower offer ($55k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 4y 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 $15k; list at $59k implies a 293% gain — meaningful room to come down on a strong offer.

Recommended offer $55,460 (6.0% below list)

Questions for the listing agent

1. It's been on market 61 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 2.03% ✓
• Cap rate: 17.25%
• Cash-on-cash: 39.12%
• DSCR: 2.74
• GRM: 4.1

CMA / ARV

• ARV (median comp): $33,750
• List price: $59,000
• Delta: 74.81%
• Verdict: OVERPRICED
• Comps: 4 within 2.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3301 W 2nd, #32a St	0.05mi	2/2.0 (-1)	1,126 (+7%)	9mo	$18,000	$16	74
3301 W 2nd St #28 St	0.05mi	2/1.0 (-1)	1,056 (0%)	22mo	$44,500	$42	70
3301 W 2nd #36 St	0.15mi	2/2.0 (-1)	1,140 (+8%)	17mo	$35,000	$31	61

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: 35.4%
• Equity multiple: 2.50×
• Total profit: $24,758
• Equity at exit: $8,797

10-year hold

• IRR: 42.1%
• Equity multiple: 4.98×
• Total profit: $65,800
• Equity at exit: $5,101

Cash invested: $16,520 (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 69101

• Active inventory: 191
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,198 medium
• Mortgage (P&I): −$309
• Tax est. 1.5%: −$74 /mo · $885/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $539

Break-even live

Break-even rent $516

Max offer price $59,000

Occupancy floor 50%

Sensitivity live

Price	-10% $579	-5% $559	+0% $539	+5% $518	+10% $498
Rent	-10% $444	-5% $491	+0% $539	+5% $586	+10% $633
Rate	-1.0pp $568	-0.5pp $554	base $539	+0.5pp $523	+1.0pp $508

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: $14,750
• Closing costs: $1,770
• Reserves months: —
• Total cash needed: —

Listing history 32 events

1. 2026-06-21
   days on market $59,000 Active 61 DOM
2. 2026-06-19
   days on market $59,000 Active 59 DOM
3. 2026-06-18
   days on market $59,000 Active 58 DOM
4. 2026-06-17
   days on market $59,000 Active 57 DOM
5. 2026-06-16
   days on market $59,000 Active 56 DOM
6. 2026-06-15
   days on market $59,000 Active 55 DOM
7. 2026-06-14
   days on market $59,000 Active 53 DOM
8. 2026-06-12
   days on market $59,000 Active 52 DOM
9. 2026-06-09
   days on market $59,000 Active 49 DOM
10. 2026-06-08
    days on market $59,000 Active 48 DOM
11. 2026-06-07
    days on market $59,000 Active 47 DOM
12. 2026-06-07
    days on market $59,000 Active 46 DOM
13. 2026-06-03
    days on market $59,000 Active 43 DOM
14. 2026-06-02
    days on market $59,000 Active 42 DOM
15. 2026-06-01
    days on market $59,000 Active 41 DOM
16. 2026-05-31
    days on market $59,000 Active 40 DOM
17. 2026-05-30
    days on market $59,000 Active 39 DOM
18. 2026-04-20
    listed $62,000 Active 354-char remark
19. 2025-08-08
    soldstatus $15,000 Closed 250-char remark

    Show marketing remark (250 chars)

    LOTS OF UPDATES TO THIS WELL MAINTAINED MOBILE HOME. NEWER FURNACE AND AC AS WELL AS WATER HEATER, NEWER WINDOWS, ROOF HAS BEEN RECOATED, BOTH DECKS ARE NEWER, NEWER SKIRTING, WASHER AND DRYER ARE NEGOTIABLE. LOT RENT IS $481 INCLUSED WATER AND TRASH

20. 2025-07-28
    status Pending 250-char remark

    Show marketing remark (250 chars)

    LOTS OF UPDATES TO THIS WELL MAINTAINED MOBILE HOME. NEWER FURNACE AND AC AS WELL AS WATER HEATER, NEWER WINDOWS, ROOF HAS BEEN RECOATED, BOTH DECKS ARE NEWER, NEWER SKIRTING, WASHER AND DRYER ARE NEGOTIABLE. LOT RENT IS $481 INCLUSED WATER AND TRASH

21. 2025-07-09
    listed $20,000 Active 250-char remark

    Show marketing remark (250 chars)

    LOTS OF UPDATES TO THIS WELL MAINTAINED MOBILE HOME. NEWER FURNACE AND AC AS WELL AS WATER HEATER, NEWER WINDOWS, ROOF HAS BEEN RECOATED, BOTH DECKS ARE NEWER, NEWER SKIRTING, WASHER AND DRYER ARE NEGOTIABLE. LOT RENT IS $481 INCLUSED WATER AND TRASH

22. 2024-04-16
    soldstatus $29,000 Closed
23. 2024-03-11
    status Pending
24. 2024-02-14
    listed $28,000 Active
25. 2024-02-08
    historical $28,000
26. 2023-05-30
    soldstatus $20,000
27. 2023-05-15
    listed $20,000
28. 2023-05-09
    soldstatus $16,000 Closed
29. 2023-04-05
    status Pending
30. 2022-10-28
    soldstatus $25,000
31. 2022-10-22
    listed $23,500 Active
32. 2022-08-02
    listed $25,000

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

Taxation est. · year 1

• Rental income: $14,374
• − Mortgage interest: −$3,305
• − Property taxes: −$885
• − Insurance: −$295
• − Repairs & maintenance: −$1,150
• − Management: −$1,150
• − Depreciation: −$1,716
• Taxable income: $5,873
• Est. tax owed @ 24.0%: −$1,409
• After-tax cash flow: $5,053/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.

Condition & rehab AI · 8 photos

Good 80/100 Cosmetic rehab

This recently remodeled mobile home is move-in ready with new appliances, siding, and flooring. It offers a good condition score and is well-suited for both resale and rental markets.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both Replace carpet with hardwood flooring — Hardwood flooring is more durable and adds value
• Both Install new lighting fixtures — Modern lighting enhances the home's appeal and functionality

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Replace carpet with hardwood flooring — Hardwood flooring is more durable and adds value ↑
• Both Install new lighting fixtures — Modern lighting enhances the home's appeal and functionality ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: North Platte Public Schools
• NCES district ID: 3100022
• Math proficiency: 47% ▼ -8.00%
• Reading proficiency: 46% ▼ -1.00%
• Median HH income: $47,348
• Composite: 39.64/100
• National rank: #3918
• State rank: #77 of 111 in NE

Livability — North Platte

• Score: 74/100
• State rank: #109
• US rank: #4400

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Platte, NE
• County: Lincoln County · 27,198 people
• City population: 27,198
• Metro: North Platte, NE
• Population (ZIP): 27,198
• Household income: $62,268
• Rent vs Own: 36.8% rent · 63.2% own
• Severe rent burden: 796.0

Population outlook (Lincoln County) Hauer SSP2

• Today (2025): 34,750 people
• By 2030: 34,004 · -2.1%
• By 2040: 32,310 · -7.0%
• By 2050: 30,918 · -11.0%
• By 2075: 29,245 · -15.8%
• By 2100: 29,116 · -16.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 10% Two or more races 5% Native American 1%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Slovak 2% Italian 2% Lithuanian 2%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 3% German/W. Germanic 1%

Political lean MEDSL · Lincoln

• 2024 margin: Solid R (+55.2) · D 21.8% · R 77.0% · Other 1.2%
• 2008→2024 swing: -19.7pp toward R · 2008: -35.5pp · 2024: -55.2pp
• All cycles: 2024: R+55.2 2020: R+54.6 2016: R+58.1 2012: R+40.6 2008: R+35.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -132.87%
• Current HPI: 174.088
• Rent YoY: —
• Metro: North Platte, 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

+136.0% since first listed

35 events — show timeline

• 2026-05-20 Price Changed $59,000 LCBR
• 2026-04-20 Listed $62,000 LCBR
• 2025-08-08 Sold (MLS) $15,000 LCBR
• 2025-07-28 Pending — LCBR
• 2025-07-09 Listed $20,000 LCBR
• 2025-03-31 Sold (MLS) $44,000 LCBR
• 2025-03-22 Pending — LCBR
• 2025-02-24 Listed $49,000 LCBR
• 2024-12-19 Sold (MLS) $50,000 LCBR
• 2024-11-26 Pending — LCBR
• 2024-10-25 Price Changed $54,500 LCBR
• 2024-10-07 Listed $59,500 LCBR
• 2024-07-31 Sold (MLS) $39,900 LCBR
• 2024-07-24 Pending — LCBR
• 2024-06-20 Price Changed $39,900 LCBR
• 2024-05-20 Price Changed $45,000 LCBR
• 2024-04-27 Listed $49,500 LCBR
• 2024-04-16 Sold (MLS) $29,000 LCBR
• 2024-03-11 Pending — LCBR
• 2024-02-14 Listed $28,000 LCBR
• 2024-02-08 Coming Soon $28,000 LCBR
• 2023-10-23 Sold (MLS) $43,500 LCBR
• 2023-09-21 Pending — LCBR
• 2023-09-10 Listed $49,000 LCBR
• 2023-05-30 Sold (MLS) $20,000 LCBR
• 2023-05-15 Listed $20,000 LCBR
• 2023-05-09 Sold (MLS) $16,000 LCBR
• 2023-04-05 Pending — LCBR
• 2023-03-15 Sold (MLS) $12,500 LCBR
• 2023-02-08 Listed $15,000 LCBR
• 2022-10-28 Sold (MLS) $25,000 LCBR
• 2022-10-22 Listed $23,500 LCBR
• 2022-10-14 Sold (MLS) $34,500 LCBR
• 2022-09-26 Listed $38,000 LCBR
• 2022-08-02 Listed $25,000 LCBR