342 S 29th St · Lincoln, NE 68510

$240,000

4 bd · 3.0 ba · 2,647 sqft · SingleFamily public records · 15 Days on market

Built 1910 6,534 sqft lot $91/sqft · at area comps Est $250k · at est.

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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 +14.0/30.0
• ARV discount +9.3/15.0
• Schools +4.4/10.0
• DSCR +4.3/10.0
• Livability +4.2/5.0
• 1% rule +3.6/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful home with a lot of space and updates, it has a new roof, gutters, kitchen, bathroom, stainless steel appliances, the wood floors refinished and a finished basement and the homes is conducive to renting out the basement for income or just leave as a family room. It has alley access to add a garage in the back yard. What else can you ask for when looking for a home with character and lots of space for your money? Come check it out today.

Key facts

• Wood floors
• Updated windows
• Spacious bedrooms

Tags

• WOODS PARK NEIGHBORHOOD
• WOOD FLOORS
• UPDATED WINDOWS
• LARGE LIVING AND DINING ROOM
• SPACIOUS BEDROOMS
• PLENTY OF SPACE FOR STORAGE

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer; Natural gas available
• Home design: Single-family residence; Two levels; Not a new home (built in 1910); Below-grade finished area included
• Construction: Built in 1910; Block foundation
• Exterior features: Lot about 0.15 acre (approx. 45 x 141); Porch

Interior

• Kitchen: Range; Refrigerator; Disposal
• Bedrooms: Primary bedroom on 2nd floor (approximately 11 x 12); Second bedroom on 2nd floor (approximately 10 x 14); Third bedroom on 2nd floor (approximately 10 x 11); Fourth bedroom on 2nd floor (approximately 11 x 12)
• Bathrooms: Three total bathrooms: two 3/4 baths and one half bath; One main-floor bathroom; One second-floor bathroom
• Heating & cooling: Natural gas heating (steam system); Window cooling units
• Interior features: Unfinished basement; Basement present; Porch
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $32 ($379/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 $205k (14.5% below list).
• Recommended offer: $205k (14.5% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 3.0% in Lincoln — 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 85/100 on livability (#5 in NE, #545 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime D+.
• Lincoln Public Schools (urban): math 50% / reading 53% proficiency, ranked #59 of 111 in NE (top 53%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Elliott Elementary School (math 37% / reading 42%, grade F, #346 of 502 statewide, top 74%, 370 students, 0% FRL); Lefler Middle School (math 46% / reading 45%, grade D+, #63 of 128 statewide, top 50%, 613 students, 61% FRL); Lincoln High School (math 38% / reading 41%, grade F, #184 of 261 statewide, top 76%, 2,196 students, 59% FRL) — zoned schools at 40% FRL track the district average.
• Market conditions: Rents rising (+1.8%/yr); 124 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,940 units permitted in Lancaster County in 2024 (895 in 5+ unit buildings).
• This rent runs 37% of the median local income ($66k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Lancaster County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($236k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 14y 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.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $205,257 (14.5% below list)

Questions for the listing agent

1. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-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?
4. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.86% ✗
• Cap rate: 6.45%
• Cash-on-cash: 0.56%
• DSCR: 1.03
• GRM: 9.7

CMA / ARV

• ARV (median comp): $250,007
• List price: $240,000
• Delta: -4.00%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
342 S 29th St	0.00mi	4/2.5	2,647 (0%)	1mo	$235,000	$89	98
3353 M St	0.42mi	4/2.0	2,601 (-2%)	3mo	$399,000	$153	71
3410 L St	0.44mi	4/2.5	2,355 (-11%)	1mo	$325,000	$138	59
630 S 28th St	0.20mi	5/2.5 (+1)	2,392 (-10%)	12mo	$299,900	$125	58
912 S 31st St	0.44mi	4/2.5	2,424 (-8%)	8mo	$248,000	$102	57
611 Elmwood Ave	0.32mi	3/2.0 (-1)	2,314 (-13%)	1mo	$300,000	$130	55
135 S 35th St	0.53mi	4/2.0	2,857 (+8%)	6mo	$345,000	$121	53
3405 M St	0.43mi	3/2.0 (-1)	2,823 (+7%)	8mo	$333,900	$118	53
2850 P St	0.33mi	3/1.5 (-1)	2,864 (+8%)	11mo	$140,000	$49	51
1245 S 26th St	0.71mi	3/2.0 (-1)	2,610 (-1%)	7mo	$267,000	$102	50
3271 Randolph St	0.42mi	3/1.5 (-1)	2,294 (-13%)	0mo	$226,000	$99	47
2411 D St	0.65mi	3/1.0 (-1)	2,845 (+8%)	6mo	$307,500	$108	39

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 · 1.78% rent growth · sell at horizon

5-year hold

• IRR: -16.7%
• Equity multiple: 0.41×
• Total profit: $-39,382
• Equity at exit: $35,785

10-year hold

• IRR: -10.8%
• Equity multiple: 0.38×
• Total profit: $-41,718
• Equity at exit: $20,751

Cash invested: $67,200 (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 68510

• Rents YoY: 1.8%
• Active inventory: 124
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,053 medium
• Mortgage (P&I): −$1,259
• Tax from tax record: −$231 /mo · $2,777/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$431
• Net cashflow: $32

Break-even live

Break-even rent $2,013

Max offer price $240,000

Occupancy floor 93%

Sensitivity live

Price	-10% $167	-5% $99	+0% $32	+5% $-36	+10% $-104
Rent	-10% $-131	-5% $-50	+0% $32	+5% $113	+10% $194
Rate	-1.0pp $152	-0.5pp $93	base $32	+0.5pp $-31	+1.0pp $-94

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2253 Orchard St Unit 1 Lincoln, NE	4.0	3.0	2000	$2,400	$1.20	45d	1	1.15mi
1424 F St Lincoln, NE	4.0	2.0	3091	$2,095	$0.68	45d	1	1.17mi
1710 Harwood St Lincoln, NE	4.0	2.0	2200	$1,800	$0.82	45d	1	1.46mi

Listing history 14 events

1. 2026-05-07
   status Pending 550-char remark
2. 2026-02-19
   listed $240,000 New 550-char remark
3. 2016-12-14
   soldstatus $134,000
4. 2016-12-12
   soldstatus $134,000 449-char remark

   Show marketing remark (449 chars)

   Beautiful home with a lot of space and updates, it has a new roof, gutters, kitchen, bathroom, stainless steel appliances, the wood floors refinished and a finished basement and the homes is conducive to renting out the basement for income or just leave as a family room. It has alley access to add a garage in the back yard. What else can you ask for when looking for a home with character and lots of space for your money? Come check it out today.

5. 2016-11-11
   historical 449-char remark

   Show marketing remark (449 chars)

   Beautiful home with a lot of space and updates, it has a new roof, gutters, kitchen, bathroom, stainless steel appliances, the wood floors refinished and a finished basement and the homes is conducive to renting out the basement for income or just leave as a family room. It has alley access to add a garage in the back yard. What else can you ask for when looking for a home with character and lots of space for your money? Come check it out today.

6. 2016-09-01
   listed $138,900 449-char remark

   Show marketing remark (449 chars)

   Beautiful home with a lot of space and updates, it has a new roof, gutters, kitchen, bathroom, stainless steel appliances, the wood floors refinished and a finished basement and the homes is conducive to renting out the basement for income or just leave as a family room. It has alley access to add a garage in the back yard. What else can you ask for when looking for a home with character and lots of space for your money? Come check it out today.

7. 2014-02-11
   historical
8. 2014-01-06
   listed $109,900
9. 2013-11-03
   historical
10. 2013-08-03
    listed $119,900
11. 2013-07-24
    historical
12. 2013-04-24
    listed $119,900
13. 2013-02-15
    historical
14. 2012-10-22
    listed $119,900

ⓘ 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: $2,777 · $231/mo
• Projected year-2 tax: $4,152 · $346/mo
• Expected delta: +$1,375/yr (+$115/mo · 49.5%)

ⓘ 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 ≥104°F today · 15 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: $24,631
• − Mortgage interest: −$13,444
• − Property taxes: −$2,777
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,970
• − Management: −$1,970
• − Depreciation: −$6,982
• Taxable loss: −$3,712
• Est. tax savings @ 24.0%: +$891
• After-tax cash flow: $1,270/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: Lincoln Public Schools
• NCES district ID: 3172840
• Math proficiency: 50% ▼ -6.00%
• Reading proficiency: 53% ▼ -3.00%
• Median HH income: $50,273
• Composite: 44.05/100
• National rank: #2880
• State rank: #59 of 111 in NE

Livability — Lincoln

• Score: 85/100
• State rank: #5
• US rank: #545

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lincoln, NE
• County: Lancaster County · 291,509 people
• City population: 291,509
• Metro: Lincoln, NE
• Population (ZIP): 19,391
• Household income: $65,951
• Rent vs Own: 41.7% rent · 58.3% own
• Severe rent burden: 622.0

Population outlook (Lancaster County) Hauer SSP2

• Today (2025): 352,806 people
• By 2030: 377,899 · +7.1%
• By 2040: 428,582 · +21.5%
• By 2050: 483,103 · +36.9%
• By 2075: 632,390 · +79.2%
• By 2100: 759,513 · +115.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 7% Two or more races 6% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Arab 2% Romanian 2% Iranian 2%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 4% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Lancaster

• 2024 margin: Toss-up / Even · D 51.4% · R 47.1% · Other 1.5%
• 2008→2024 swing: -0.7pp no change · 2008: 5.0pp · 2024: 4.3pp
• All cycles: 2024: D+4.3 2020: D+7.8 2016: D+0.1 2012: R+1.0 2008: D+5.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -152.27%
• Current HPI: 243.7469
• Rent YoY: ▲ 1.78%
• Metro: Lincoln, 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

+102.1% since first listed

16 events — show timeline

• 2026-06-04 Sold (Public Records) $242,311 Public Records
• 2026-06-03 Sold (MLS) $235,000 GPRMLS
• 2026-05-07 Pending — GPRMLS
• 2026-02-19 Listed $240,000 GPRMLS
• 2016-12-14 Sold (Public Records) $134,000 Public Records
• 2016-12-12 Sold (MLS) $134,000 GPRMLS
• 2016-11-11 Listing Removed — GPRMLS
• 2016-09-01 Listed $138,900 GPRMLS
• 2014-02-11 Listing Removed — GPRMLS
• 2014-01-06 Listed $109,900 GPRMLS
• 2013-11-03 Listing Removed — GPRMLS
• 2013-08-03 Listed $119,900 GPRMLS
• 2013-07-24 Listing Removed — GPRMLS
• 2013-04-24 Listed $119,900 GPRMLS
• 2013-02-15 Listing Removed — GPRMLS
• 2012-10-22 Listed $119,900 GPRMLS

Property tax history

+0.6%/yr

Latest (2025): $2,777 · -4.0% YoY. Source: county tax records.