2215 7th St · Columbus, NE 68601

$179,000

2 bd · 1.0 ba · 1,064 sqft · SingleFamily public records · 172 Days on market

Built 2007 8,712 sqft lot Est $187k · at est.

---

Why this score? — see what drove the C- 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 +19.4/30.0
• ARV discount +9.5/15.0
• DSCR +6.1/10.0
• 1% rule +5.1/10.0
• Livability +4.0/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This home has been very well taken care of and shows very well. This 2 bedroom 1 bath ranch home was built in 2007. It also features a finished garage that is insulated and would be easy to put a heater in as it has it's own circuit panel. It's very warm with plush new carpet in each of the bedrooms. Call today for your private tour.

Key facts

• Insulated garage
• Circuit panel
• Finished garage

Tags

• FINISHED GARAGE
• INSULATED GARAGE
• CIRCUIT PANEL

Property features AI

Exterior

• Parking: Detached garage with garage door opener; 1 garage space
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Frame construction; Composition roof
• Exterior features: Patio

Interior

• Kitchen: Electric range; Microwave; Refrigerator; Dishwasher
• Bedrooms: 2 main-level bedrooms
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Water purifier; Disposal; Crawl space basement
• Laundry & utility: Electric dryer hookup on the main level; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $179k.

Deal economics

• At list price, monthly cash flow is $200 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $179k).
• Recommended offer: $158k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 3.3% in Columbus — 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 80/100 on livability (#20 in NE, #1,633 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities D-, commute F.
• Columbus Public Schools (town): math 39% / reading 43% proficiency, ranked #93 of 111 in NE (top 84%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Centennial Elementary School (math 52% / reading 47%, grade D, #233 of 502 statewide, top 52%, 413 students, 53% FRL).
• Market conditions: 300 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 98 units permitted in Platte County in 2024 (17 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 $5k of value loss. Plan a longer hold.
• Platte County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 172 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $60k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $14k; list at $179k implies a 1188% gain — meaningful room to come down on a strong offer.

Recommended offer $157,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 172 days. Have you received any prior offers? Is the seller open to a 12% 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. 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: 1.01% ✓
• Cap rate: 7.64%
• Cash-on-cash: 4.79%
• DSCR: 1.21
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $187,264
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
554 22nd Ave	0.11mi	2/1.0	1,080 (+2%)	13mo	$160,000	$148	81
1168 19th Ave	0.42mi	2/1.0	1,100 (+3%)	7mo	$165,000	$150	69
754 28th Ave	0.37mi	2/1.0	1,142 (+7%)	4mo	$189,900	$166	67
2203 7th St	0.03mi	3/1.0 (+1)	1,110 (+4%)	24mo	$135,000	$122	67
861 19th Ave	0.27mi	3/2.0 (+1)	971 (-9%)	3mo	$180,000	$185	61
2114 8th St	0.12mi	2/1.0	909 (-15%)	14mo	$185,000	$204	59
2018 3rd St	0.28mi	2/1.0	912 (-14%)	8mo	$225,000	$247	57
1318 4th St	0.61mi	2/1.0	924 (-13%)	2mo	$163,000	$176	47
1210 9th St	0.69mi	1/2.0 (-1)	1,056 (-1%)	13mo	$146,000	$138	46
1714 3rd St	0.42mi	3/2.0 (+1)	914 (-14%)	13mo	$245,000	$268	37

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: -8.8%
• Equity multiple: 0.68×
• Total profit: $-16,229
• Equity at exit: $26,689

10-year hold

• IRR: 0.7%
• Equity multiple: 1.05×
• Total profit: $2,386
• Equity at exit: $15,477

Cash invested: $50,120 (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 68601

• Home prices YoY: -22.4%
• Active inventory: 300
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,811 medium
• Mortgage (P&I): −$939
• Tax from tax record: −$218 /mo · $2,610/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $200

Break-even live

Break-even rent $1,558

Max offer price $179,000

Occupancy floor 84%

Sensitivity live

Price	-10% $302	-5% $251	+0% $200	+5% $150	+10% $99
Rent	-10% $57	-5% $129	+0% $200	+5% $272	+10% $343
Rate	-1.0pp $290	-0.5pp $246	base $200	+0.5pp $154	+1.0pp $107

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1281 37th Ave Columbus, NE	2.0	2.0	1250	$1,850	$1.48	44d	1	1.02mi
602 8th St Columbus, NE	3.0	1.0–2.0	820	$1,765	$2.15	44d	22	1.11mi

Listing history 11 events

1. 2026-04-28
   status Pending
2. 2026-03-31
   status Active
3. 2026-03-31
   price $179,000
4. 2026-03-06
   status Pending
5. 2026-03-04
   price $189,000
6. 2026-01-27
   price $199,000
7. 2025-11-26
   price $219,000
8. 2025-10-13
   listed $238,500 Active
9. 2007-03-07
   soldstatus $13,900
10. 2002-03-11
    soldstatus $12,500
11. 2000-07-20
    soldstatus $12,500

ⓘ 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: $2,610 · $218/mo
• Projected year-2 tax: $3,097 · $258/mo
• Expected delta: +$487/yr (+$41/mo · 18.6%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 16 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: $21,737
• − Mortgage interest: −$10,027
• − Property taxes: −$2,610
• − Insurance: −$895
• − Repairs & maintenance: −$1,739
• − Management: −$1,739
• − Depreciation: −$5,207
• Taxable loss: −$480
• Est. tax savings @ 24.0%: +$115
• After-tax cash flow: $2,518/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: Columbus Public Schools
• NCES district ID: 3105340
• Math proficiency: 39% ▼ -10.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $51,074
• Composite: 35.41/100
• National rank: #4942
• State rank: #93 of 111 in NE

Livability — Columbus

• Score: 80/100
• State rank: #20
• US rank: #1633

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Columbus, NE
• City population: 30,619
• Population (ZIP): 30,619

Population outlook (Platte County) Hauer SSP2

• Today (2025): 34,130 people
• By 2030: 34,778 · +1.9%
• By 2040: 36,436 · +6.8%
• By 2050: 38,648 · +13.2%
• By 2075: 47,293 · +38.6%
• By 2100: 57,020 · +67.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 25% Two or more races 14%
• Hispanic origin (detail): Mexican 14% Cuban 2%
• Common ancestry: Romanian 7% Portuguese 2% Lithuanian 1%
• Foreign-born: 14% · Canada
• Languages at home: 79% English-only · Spanish 20%

Political lean MEDSL · Platte

• 2024 margin: Solid R (+58.3) · D 20.4% · R 78.7%
• 2008→2024 swing: -16.8pp toward R · 2008: -41.5pp · 2024: -58.3pp
• All cycles: 2024: R+58.3 2020: R+56.8 2016: R+58.8 2012: R+51.8 2008: R+41.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -100.37%
• Current HPI: 347.5063
• 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

+1332.0% since first listed

11 events — show timeline

• 2026-04-28 Pending — CBOR
• 2026-03-31 Relisted — CBOR
• 2026-03-31 Price Changed $179,000 CBOR
• 2026-03-06 Pending — CBOR
• 2026-03-04 Price Changed $189,000 CBOR
• 2026-01-27 Price Changed $199,000 CBOR
• 2025-11-26 Price Changed $219,000 CBOR
• 2025-10-13 Listed $238,500 CBOR
• 2007-03-07 Sold (Public Records) $13,900 Public Records
• 2002-03-11 Sold (Public Records) $12,500 Public Records
• 2000-07-20 Sold (Public Records) $12,500 Public Records

Property tax history

+2.9%/yr

Latest (2025): $2,610 · +8.4% YoY. Source: county tax records.