419 N Bellevue Ave · Hastings, NE 68901

$199,500

4 bd · 2.0 ba · 1,838 sqft · SingleFamily public records · 68 Days on market

Built 1905 $109/sqft · 64% above area Est $193k · 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 +16.6/30.0
• ARV discount +6.0/15.0
• DSCR +5.2/10.0
• Livability +4.0/5.0
• 1% rule +3.8/10.0
• 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

Fully remodeled and move-in ready, this 4-bedroom, 2.5-bath home offers a functional layout with plenty of space to fit your needs. The main floor features a comfortable living room, dining area, updated kitchen, convenient laundry room, two bedrooms, and 1.5 bathrooms, along with additional storage space. Upstairs, you’ll find two more bedrooms and a full bathroom, providing a great setup for family or guests. The unfinished basement houses utilities and offers extra storage potential. A 1-car attached garage adds everyday convenience. This well-maintained home combines modern updates with practical living space—schedule your showing today!

Key facts

• Garage
• Built 1905
• Listed 67 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $121 ($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 $175k (12.3% below list).
• Recommended offer: $175k (12.3% below list) — sets the bar for 1% rule.
• Cap rate 7.0% 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.
• Zoned schools: Hastings Middle School (math 39% / reading 42%, grade F, #82 of 128 statewide, top 65%, 780 students, 52% FRL); Hastings Senior High School (math 36% / reading 45%, grade F, #181 of 261 statewide, top 69%, 1,067 students, 52% FRL) — zoned schools at 52% FRL track the district average.
• Market conditions: 194 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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 68 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $26k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $65k; list at $200k implies a 207% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1905 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $174,927 (12.3% below list)

Questions for the listing agent

1. It's been on market 68 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 1905 — 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: 0.88% ✗
• Cap rate: 7.02%
• Cash-on-cash: 2.60%
• DSCR: 1.12
• GRM: 9.5

CMA / ARV

• ARV (median comp): $193,080
• List price: $199,500
• Delta: 3.32%
• 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
313 Jefferson Ave	0.49mi	4/2.0	1,922 (+5%)	3mo	$230,000	$120	67
410 S Chicago Ave	0.54mi	3/1.0 (-1)	1,834 (-0%)	2mo	$172,500	$94	64
1810 W 8th St	0.67mi	3/2.0 (-1)	1,872 (+2%)	1mo	$215,000	$115	60
809 N Burlington Ave	0.33mi	4/2.0	2,034 (+11%)	10mo	$165,000	$81	58
1405 W 6th St	0.28mi	4/2.0	2,106 (+15%)	5mo	$244,000	$116	58
803 N Briggs Ave	0.32mi	3/2.0 (-1)	1,980 (+8%)	12mo	$218,000	$110	57
410 Garfield Ave	0.56mi	3/2.0 (-1)	1,872 (+2%)	11mo	$160,000	$85	57
1014 N Briggs Ave	0.51mi	4/2.0	2,101 (+14%)	3mo	$210,000	$100	50
1124 Williams Ave	0.60mi	3/1.0 (-1)	1,688 (-8%)	1mo	$180,000	$107	48
728 N Colorado Ave	0.61mi	5/3.0 (+1)	1,931 (+5%)	13mo	$243,800	$126	44
1734 W 2nd St	0.57mi	3/2.0 (-1)	1,632 (-11%)	8mo	$59,000	$36	43
415 W 9th St	0.58mi	3/3.0 (-1)	1,988 (+8%)	9mo	$115,000	$58	43

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: -12.2%
• Equity multiple: 0.56×
• Total profit: $-24,678
• Equity at exit: $29,746

10-year hold

• IRR: -3.1%
• Equity multiple: 0.79×
• Total profit: $-11,767
• Equity at exit: $17,249

Cash invested: $55,860 (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: 194
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,749 medium
• Mortgage (P&I): −$1,046
• Tax from tax record: −$132 /mo · $1,581/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $121

Break-even live

Break-even rent $1,596

Max offer price $199,500

Occupancy floor 88%

Sensitivity live

Price	-10% $234	-5% $177	+0% $121	+5% $64	+10% $8
Rent	-10% $-17	-5% $52	+0% $121	+5% $190	+10% $259
Rate	-1.0pp $221	-0.5pp $172	base $121	+0.5pp $69	+1.0pp $17

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: $49,875
• Closing costs: $5,985
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-22
   days on market $199,500 Active 68 DOM
2. 2026-06-21
   days on market $199,500 Active 67 DOM
3. 2026-06-21
   days on market $199,500 Active 66 DOM
4. 2026-06-18
   days on market $199,500 Active 64 DOM
5. 2026-06-17
   days on market $199,500 Active 63 DOM
6. 2026-06-16
   days on market $199,500 Active 62 DOM
7. 2026-06-15
   days on market $199,500 Active 61 DOM
8. 2026-06-13
   days on market $199,500 Active 59 DOM
9. 2026-06-12
   days on market $199,500 Active 58 DOM
10. 2026-06-09
    days on market $199,500 Active 55 DOM
11. 2026-06-08
    days on market $199,500 Active 54 DOM
12. 2026-06-07
    days on market $199,500 Active 53 DOM
13. 2026-06-07
    days on market $199,500 Active 52 DOM
14. 2026-06-04
    pricedays on market $199,500 Active 49 DOM
15. 2026-06-02
    days on market $215,000 Active 48 DOM
16. 2026-06-01
    days on market $215,000 Active 47 DOM
17. 2026-05-31
    days on market $215,000 Active 46 DOM
18. 2026-05-07
    price $215,000 661-char remark

    Show marketing remark (661 chars)

    Fully remodeled and move-in ready, this 4-bedroom, 2.5-bath home offers a functional layout with plenty of space to fit your needs. The main floor features a comfortable living room, dining area, updated kitchen, convenient laundry room, two bedrooms, and 1.5 bathrooms, along with additional storage space. Upstairs, you’ll find two more bedrooms and a full bathroom, providing a great setup for family or guests. The unfinished basement houses utilities and offers extra storage potential. A 1-car attached garage adds everyday convenience. This well-maintained home combines modern updates with practical living space—schedule your showing today!

19. 2026-04-13
    listed $225,000 Active 661-char remark

    Show marketing remark (661 chars)

    Fully remodeled and move-in ready, this 4-bedroom, 2.5-bath home offers a functional layout with plenty of space to fit your needs. The main floor features a comfortable living room, dining area, updated kitchen, convenient laundry room, two bedrooms, and 1.5 bathrooms, along with additional storage space. Upstairs, you’ll find two more bedrooms and a full bathroom, providing a great setup for family or guests. The unfinished basement houses utilities and offers extra storage potential. A 1-car attached garage adds everyday convenience. This well-maintained home combines modern updates with practical living space—schedule your showing today!

20. 2026-03-16
    price $240,000
21. 2024-09-30
    soldstatus $65,000
22. 2024-09-13
    soldstatus $65,000 Closed
23. 2024-08-12
    status Pending
24. 2024-08-01
    listed $75,000 Active
25. 2008-12-16
    soldstatus $53,000

ⓘ 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: $1,581 · $132/mo
• Projected year-2 tax: $3,451 · $288/mo
• Expected delta: +$1,870/yr (+$156/mo · 118.3%)

ⓘ 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: $20,991
• − Mortgage interest: −$11,175
• − Property taxes: −$1,581
• − Insurance: −$998
• − Repairs & maintenance: −$1,679
• − Management: −$1,679
• − Depreciation: −$5,804
• Taxable loss: −$1,925
• Est. tax savings @ 24.0%: +$462
• After-tax cash flow: $1,912/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

+305.7% since first listed

8 events — show timeline

• 2026-05-07 Price Changed $215,000 GMNMLS
• 2026-04-13 Listed $225,000 GMNMLS
• 2026-03-16 Price Changed $240,000 GIBOR
• 2024-09-30 Sold (Public Records) $65,000 Public Records
• 2024-09-13 Sold (MLS) $65,000 GMNMLS
• 2024-08-12 Pending — GMNMLS
• 2024-08-01 Listed $75,000 GMNMLS
• 2008-12-16 Sold (Public Records) $53,000 Public Records

Property tax history

+1.2%/yr

Latest (2025): $1,581 · -9.2% YoY. Source: county tax records.