1610 Harwood St · Lincoln, NE 68502

$75,000

3 bd · 1.0 ba · 1,236 sqft · SingleFamily public records

Built 1920 6,970 sqft lot ↓ 11% since listing

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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 +29.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Livability +4.2/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• 6,970 sq ft lot
• Garage
• Built 1920

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $257 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Cap rate 10.4% 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: Prescott Elementary School (math 37% / reading 52%, grade F, #289 of 502 statewide, top 63%, 505 students, 71% FRL); Irving Middle School (math 50% / reading 55%, grade C+, #42 of 128 statewide, top 32%, 890 students, 46% FRL); Lincoln High School (math 38% / reading 41%, grade F, #184 of 261 statewide, top 76%, 2,196 students, 59% FRL) — zoned schools average 59% FRL vs 37% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+2.4%/yr); 146 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 2.4% rent growth), your $21k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 0 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $75,000

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.44% ✓
• Cap rate: 10.41%
• Cash-on-cash: 14.70%
• DSCR: 1.65
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $189,108
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1915 S 17th St	0.06mi	3/1.5	1,212 (-2%)	0mo	$165,000	$136	92
1934 Park Ave	0.38mi	2/1.0 (-1)	1,248 (+1%)	4mo	$207,000	$166	72
2313 S 11th St	0.49mi	3/1.0	1,154 (-7%)	2mo	$170,000	$147	64
1621 Harrison Ave	0.45mi	3/2.0	1,157 (-6%)	4mo	$205,000	$177	61
1233 Stillwater Ave	0.44mi	3/2.0	1,346 (+9%)	2mo	$205,000	$152	59
1810 Otoe St	0.69mi	2/2.0 (-1)	1,211 (-2%)	2mo	$294,000	$243	54
1729 S 9th St	0.58mi	3/1.0	1,370 (+11%)	1mo	$210,000	$153	54
1560 S 19 St	0.33mi	2/1.5 (-1)	1,072 (-13%)	3mo	$130,000	$121	53
1430 S 10th St	0.58mi	3/1.0	1,400 (+13%)	1mo	$168,000	$120	50
2610 S 13 St	0.50mi	2/1.5 (-1)	1,360 (+10%)	5mo	$214,900	$158	49
1414 S 9th St	0.65mi	2/2.0 (-1)	1,332 (+8%)	1mo	$186,200	$140	47
1819 Perkins Blvd	0.47mi	2/1.5 (-1)	1,408 (+14%)	5mo	$240,000	$170	44

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 · 2.38% rent growth · sell at horizon

5-year hold

• IRR: 4.5%
• Equity multiple: 1.17×
• Total profit: $3,620
• Equity at exit: $11,183

10-year hold

• IRR: 13.4%
• Equity multiple: 2.04×
• Total profit: $21,789
• Equity at exit: $6,485

Cash invested: $21,000 (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 68502

• Rents YoY: 2.4%
• Active inventory: 146
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,081 high
• Mortgage (P&I): −$393
• Tax from tax record: −$172 /mo · $2,069/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$227
• Net cashflow: $257

Break-even live

Break-even rent $756

Max offer price $75,000

Occupancy floor 71%

Sensitivity live

Price	-10% $300	-5% $278	+0% $257	+5% $236	+10% $215
Rent	-10% $172	-5% $214	+0% $257	+5% $300	+10% $343
Rate	-1.0pp $295	-0.5pp $276	base $257	+0.5pp $238	+1.0pp $218

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1641 Prospect St Unit 3 Lincoln, NE	2.0	1.0	761	$1,099	$1.44	22d	1	0.14mi
1530 Rose St Unit 1534 Lincoln, NE	2.0	1.0	864	$975	$1.13	45d	1	0.15mi
1736 Euclid Ave Lincoln, NE	2.0	1.0	1120	$850	$0.76	22d	1	0.15mi
2068 S 18th St Unit 1 Lincoln, NE	3.0	1.0	1048	$1,295	$1.24	45d	1	0.16mi
1618 S 14th St Apt 3 Lincoln, NE	3.0	1.0	1100	$1,350	$1.23	22d	1	0.31mi
1618 S 14th St Apt 2 Lincoln, NE	2.0	1.0	900	$1,200	$1.33	22d	1	0.31mi
1929 Sumner St Lincoln, NE	2.0	2.0	1236	$1,575	$1.27	22d	1	0.32mi
1833 Washington St Lincoln, NE	2.0	1.0	761	$829	$1.09	45d	1	0.37mi
1528 S 19th St Unit 20 Lincoln, NE	2.0	1.0	821	$845	$1.03	22d	1	0.38mi
1560 S 20th St Lincoln, NE	2.0	1.0	900	$999	$1.11	22d	1	0.43mi
1422 A St Unit 6 Lincoln, NE	2.0	1.0	933	$895	$0.96	22d	1	0.47mi
2000 Washington St Lincoln, NE	2.0	1.0	743	$895	$1.20	45d	1	0.49mi
1444 S 20th St Lincoln, NE	2.0	1.0	743	$930	$1.25	45d	1	0.50mi
1515 S 11th St Unit 5 Lincoln, NE	2.0	1.0	757	$825	$1.09	22d	1	0.53mi
1730 B St Apt 2 Lincoln, NE	2.0	1.0	911	$950	$1.04	45d	1	0.53mi
1446 S 11th St Unit 2 Lincoln, NE	2.0	2.0	1100	$1,600	$1.45	45d	1	0.53mi
1027 A St Unit 31 Lincoln, NE	2.0	1.0	830	$895	$1.08	45d	1	0.60mi
1612 C St Lincoln, NE	2.0	1.0	720	$829	$1.15	22d	1	0.60mi
1619 D St Unit 1621 Lincoln, NE	2.0	2.0	750	$1,195	$1.59	15d	1	0.63mi
2224 A St #1 Lincoln, NE	2.0	1.0	1150	$1,099	$0.96	45d	1	0.65mi
1341 D St Unit 1 Lincoln, NE	3.0	1.0	1300	$1,100	$0.85	45d	1	0.67mi
1315 D St Unit 8 Lincoln, NE	2.0	1.5	775	$825	$1.06	45d	1	0.67mi
1626 D St Lincoln, NE	2.0	1.0	555	$850	$1.53	22d	4	0.68mi
922 A St Unit 4 Lincoln, NE	2.0	1.0	736	$975	$1.32	45d	1	0.69mi
835 A St Lincoln, NE	2.0	2.0	1000	$1,200	$1.20	45d	1	0.71mi
2335 B St Unit 5 Lincoln, NE	2.0	1.0	920	$875	$0.95	22d	1	0.73mi
1101 D St Unit A5 Lincoln, NE	2.0	1.5	947	$825	$0.87	22d	1	0.74mi
1020 S 13th St Unit 421 Lincoln, NE	2.0	1.0	935	$1,275	$1.36	22d	1	0.74mi
1020 S 13th St Unit 418 Lincoln, NE	2.0	1.0	895	$1,225	$1.37	22d	1	0.74mi
1215 E St Lincoln, NE	2.0	1.0	710	$750	$1.06	15d	1	0.77mi
2423 B St Unit 1 Lincoln, NE	2.0	1.0	705	$845	$1.20	45d	1	0.79mi
926 S 14th St Apt 2 Lincoln, NE	2.0	1.0	708	$700	$0.99	15d	1	0.79mi
2209 D St Lincoln, NE	1.0–2.0	1.0	760	$914	$1.20	15d	3	0.80mi
1708 S 6th St Unit 2 Lincoln, NE	4.0	2.0	1444	$1,800	$1.25	15d	1	0.80mi
945 D St Lincoln, NE	2.0	1.0	700	$888	$1.27	22d	1	0.81mi
1025 E St Unit 302 Lincoln, NE	2.0	1.0	830	$799	$0.96	45d	1	0.84mi
1025 E St Apt 204 Lincoln, NE	2.0	1.0	830	$850	$1.02	45d	1	0.84mi
2457 S 27th St Unit B Lincoln, NE	2.0	1.0	950	$1,450	$1.53	45d	1	0.86mi
1905 G St Unit 1 Lincoln, NE	2.0	2.0	935	$960	$1.03	45d	1	0.90mi
930 F St Lincoln, NE	2.0	1.0	861	$1,150	$1.34	22d	1	0.97mi

Listing history 3 events

1. 2026-02-25
   historical
2. 2026-02-24
   listed $75,000
3. 2006-06-27
   soldstatus $84,000

ⓘ 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: $2,069 · $172/mo
• Projected year-2 tax: $2,069 · $172/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 · 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: $12,974
• − Mortgage interest: −$4,201
• − Property taxes: −$2,069
• − Insurance: −$375
• − Repairs & maintenance: −$1,038
• − Management: −$1,038
• − Depreciation: −$2,182
• Taxable income: $2,071
• Est. tax owed @ 24.0%: −$497
• After-tax cash flow: $2,589/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): 25,846
• Household income: $68,523
• Rent vs Own: 44.4% rent · 55.6% own
• Severe rent burden: 1252.0

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 (72%)
• Race & ethnicity: White 72% Hispanic / Latino 13% Two or more races 11% Black 6% Asian 3%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Portuguese 3% Romanian 2% Lithuanian 2%
• Foreign-born: 10% · Canada, Vietnam, Philippines
• Languages at home: 86% English-only · Spanish 9% Other Asian/Pacific 2% 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: ▼ -252.87%
• Current HPI: 240.304
• Rent YoY: ▲ 2.38%
• 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

-10.7% since first listed

3 events — show timeline

• 2026-02-25 Listing Removed — GPRMLS
• 2026-02-24 Listed $75,000 GPRMLS
• 2006-06-27 Sold (Public Records) $84,000 Public Records

Property tax history

+3.3%/yr

Latest (2025): $2,069 · -10.3% YoY. Source: county tax records.