4019 Seward St · Omaha, NE 68111

$225,000

4 bd · 1.5 ba · 1,356 sqft · Other public records · 9 Days on market

Built 1910 6,098 sqft lot

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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 +15.6/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +4.8/10.0
• Livability +4.2/5.0
• 1% rule +3.4/10.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0

Listing remarks

Completely restored Midtown historic charmer bursting with personality! New Roof Prior to Closing! High ceilings and stunning original woodwork create a warm, timeless feel throughout. The main floor offers a spacious living and dining area perfect for entertaining, plus a full bath with shower for added convenience. The beautifully updated kitchen shines with top-tier appliances, tiled backsplash, modern cabinetry, and sleek countertops. Upstairs, bedrooms are thoughtfully spaced with impressive closet storage. Walk-up basement offers endless potential for future finish. Enjoy rare dual four-season spaces at both the front and back of the home—ideal for relaxing year-round. Outside,

Key facts

• 6,098 sq ft lot
• Garage
• Built 1910

Property features AI

Exterior

• Parking: Detached garage (1 covered space, total 1 parking space)
• Utilities: Electricity available; Natural gas available; Public water; Public sewer
• Home design: Single-family residence; 2.5-story home; Not new / not a model
• Construction: Built in 1910; Vinyl siding; Composition roof; Block foundation
• Exterior features: Patio; Enclosed porch; Chain link fencing; City lot up to 1/4 acre (approximately 0.14 acres, 130 x 50)

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Primary bedroom on 2nd floor; Additional bedrooms on 2nd floor
• Bathrooms: Two bathrooms (one on main floor, one on 2nd floor)
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Unfinished basement; No fireplaces

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath other listed at $225k.

Deal economics

• At list price, monthly cash flow is $95 ($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 $190k (15.7% below list).
• Recommended offer: $190k (15.7% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 3.6% in Omaha — 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 84/100 on livability (#7 in NE, #663 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F.
• Omaha Public Schools (urban): math 20% / reading 28% proficiency, ranked #110 of 111 in NE (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Walnut Hill Elementary School (math 8% / reading 22%, grade F, #482 of 502 statewide, top 96%, 400 students, 0% FRL); Lewis & Clark Middle School (math 23% / reading 35%, grade F, #115 of 128 statewide, top 90%, 860 students, 0% FRL); Benson High School (math 9% / reading 12%, grade F, #257 of 261 statewide, top 98%, 1,570 students, 0% FRL) — zoned schools average 0% FRL vs 62% district-wide (62 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+3.2%/yr); 139 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 4,539 units permitted in Douglas County in 2024 (2,583 in 5+ unit buildings).

Forward outlook

• In year one you build about $24k of equity ($2k loan paydown + $22k appreciation (10.0% local appreciation)).
• Douglas County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.2% rent growth), your $63k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 18y 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 $105k; list at $225k implies a 114% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $189,566 (15.7% 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. Crime grade is F 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?
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: 0.84% ✗
• Cap rate: 6.80%
• Cash-on-cash: 1.80%
• DSCR: 1.08
• GRM: 9.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.22% rent growth · sell at horizon

5-year hold

• IRR: 25.6%
• Equity multiple: 3.05×
• Total profit: $128,930
• Equity at exit: $202,698

10-year hold

• IRR: 22.6%
• Equity multiple: 6.96×
• Total profit: $375,664
• Equity at exit: $437,126

Cash invested: $63,000 (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 68111

• Home prices YoY: 4.0%
• Rents YoY: 3.2%
• Active inventory: 139
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,896 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$129 /mo · $1,550/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$398
• Net cashflow: $95

Break-even live

Break-even rent $1,776

Max offer price $225,000

Occupancy floor 90%

Sensitivity live

Price	-10% $222	-5% $158	+0% $95	+5% $31	+10% $-33
Rent	-10% $-55	-5% $20	+0% $95	+5% $170	+10% $244
Rate	-1.0pp $208	-0.5pp $152	base $95	+0.5pp $36	+1.0pp $-23

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1004 Glenwood Ave Unit 2 Omaha, NE	3.0	1.5	1000	$1,500	$1.50	3d	1	0.44mi
3430 Seward St Omaha, NE	3.0	1.0	1371	$1,695	$1.24	15d	1	0.51mi
3314 Franklin St Omaha, NE	4.0	2.0	1635	$1,600	$0.98	44d	1	0.61mi
4276 Binney St Omaha, NE	4.0	1.0	1358	$1,495	$1.10	44d	1	0.82mi
4806 Webster St Omaha, NE	3.0	2.5	1589	$2,295	$1.44	3d	1	0.83mi
4824 Webster St Unit 4824/4824 Omaha, NE	4.0	1.0	1317	$1,050	$0.80	44d	1	0.88mi
303 N 38th St Omaha, NE	4.0	1.5	1472	$1,995	$1.36	24d	1	0.88mi
140 N 41st St Omaha, NE	3.0	2.5	1640	$2,495	$1.52	44d	1	0.93mi
120 N 40th St Omaha, NE	3.0	1.0	1264	$1,745	$1.38	24d	1	0.94mi
110 N 38th St Unit 110 Omaha, NE	3.0	2.0	1600	$1,750	$1.09	24d	1	0.99mi
4918 California St Omaha, NE	3.0	1.0	1369	$1,695	$1.24	24d	1	1.05mi
4874 Maple St Omaha, NE	3.0	1.0	1098	$1,545	$1.41	44d	1	1.05mi
3002 N 48th Ave Omaha, NE	4.0	2.0	1205	$1,550	$1.29	24d	1	1.07mi
106 S 36th St Omaha, NE	3.0	3.0	1750	$2,275	$1.30	3d	1	1.08mi
2914 N 49th Ave Omaha, NE	3.0	1.0	1375	$1,615	$1.17	24d	1	1.13mi
3919 Farnam St Unit 3915 Farnam Omaha, NE	4.0	2.0	1700	$2,350	$1.38	44d	1	1.13mi
2929 California St Omaha, NE	1.0–4.0	1.0–3.0	1280	$3,340	$2.61	3d	118	1.14mi
4623 Douglas St Omaha, NE	3.0	2.0	1510	$1,750	$1.16	22d	1	1.18mi
411 S 38th Ave Omaha, NE	3.0	3.0	1872	$1,995	$1.07	44d	1	1.20mi
3535 N 45th Ave Omaha, NE	3.0	1.0	1325	$1,800	$1.36	44d	1	1.28mi
3508 N 47th Ave Omaha, NE	3.0	1.0	1425	$1,600	$1.12	20d	1	1.28mi
5610 Seward St Omaha, NE	4.0	2.0	1682	$2,200	$1.31	44d	1	1.39mi
5633 Parker St Omaha, NE	3.0	1.5	1200	$1,695	$1.41	44d	1	1.44mi
3808 N 48th St Omaha, NE	3.0	2.0	1400	$2,000	$1.43	3d	1	1.49mi

Listing history 29 events

1. 2026-04-20
   status Pending
2. 2026-04-10
   listed $225,000 New
3. 2026-02-12
   historical
4. 2025-12-11
   listed $227,000 New
5. 2025-12-05
   historical
6. 2025-11-04
   listed $229,000 New
7. 2025-11-04
   historical
8. 2025-10-08
   price $233,000
9. 2025-09-18
   price $240,000
10. 2025-09-03
    listed $245,000 New
11. 2025-08-28
    historical
12. 2025-07-30
    price $249,700
13. 2025-07-10
    price $255,000
14. 2025-06-27
    listed $265,000 New
15. 2024-09-30
    soldstatus $105,000
16. 2024-09-27
    soldstatus $105,000 Sold
17. 2024-09-12
    status Pending
18. 2024-09-09
    listed $110,000 New
19. 2024-09-06
    status Pending
20. 2024-09-05
    historical
21. 2024-09-03
    price $110,000
22. 2024-08-27
    price $115,000
23. 2024-08-13
    listed $120,000 New
24. 2018-03-02
    historical
25. 2017-09-08
    listed $55,000 Active - New
26. 2008-07-13
    historical
27. 2008-06-12
    listed $22,000
28. 2008-06-12
    historical
29. 2008-03-11
    listed $26,000

ⓘ 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: $1,550 · $129/mo
• Projected year-2 tax: $3,892 · $324/mo
• Expected delta: +$2,342/yr (+$195/mo · 151.1%)

ⓘ 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 ≥103°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,748
• − Mortgage interest: −$12,603
• − Property taxes: −$1,550
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,820
• − Management: −$1,820
• − Depreciation: −$6,545
• Taxable loss: −$2,716
• Est. tax savings @ 24.0%: +$652
• After-tax cash flow: $1,788/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: Omaha Public Schools
• NCES district ID: 3174820
• Math proficiency: 20% ▼ -10.00%
• Reading proficiency: 28% ▼ -5.00%
• Median HH income: $46,039
• Composite: 20.83/100
• National rank: #8502
• State rank: #110 of 111 in NE

Livability — Omaha

• Score: 84/100
• State rank: #7
• US rank: #663

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Omaha, NE
• County: Douglas County · 538,646 people
• City population: 552,986
• Metro: Omaha-Council Bluffs, NE-IA
• Population (ZIP): 24,210
• Household income: $42,185
• Rent vs Own: 60.3% rent · 39.7% own
• Severe rent burden: 1913.0

Population outlook (Douglas County) Hauer SSP2

• Today (2025): 625,245 people
• By 2030: 661,613 · +5.8%
• By 2040: 732,395 · +17.1%
• By 2050: 801,988 · +28.3%
• By 2075: 968,637 · +54.9%
• By 2100: 1,101,871 · +76.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Black 52% Hispanic / Latino 21% White 17% Two or more races 15% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Ukrainian 3% Lithuanian 0%
• Foreign-born: 14% · Canada, Philippines
• Languages at home: 75% English-only · Spanish 16% Other Asian/Pacific 3% French/Haitian/Cajun 1%

Political lean MEDSL · Douglas

• 2024 margin: D (+10.2) · D 54.4% · R 44.2% · Other 1.4%
• 2008→2024 swing: +5.5pp toward D · 2008: 4.6pp · 2024: 10.2pp
• All cycles: 2024: D+10.2 2020: D+11.3 2016: D+1.4 2012: R+4.3 2008: D+4.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 13.82%
• Current HPI: 358.7174
• Rent YoY: ▲ 3.22%
• Metro: Omaha-Council Bluffs, NE-IA
• 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

+765.4% since first listed

29 events — show timeline

• 2026-04-20 Pending — GPRMLS
• 2026-04-10 Listed $225,000 GPRMLS
• 2026-02-12 Listing Removed — GPRMLS
• 2025-12-11 Listed $227,000 GPRMLS
• 2025-12-05 Listing Removed — GPRMLS
• 2025-11-04 Listing Removed — GPRMLS
• 2025-11-04 Listed $229,000 GPRMLS
• 2025-10-08 Price Changed $233,000 GPRMLS
• 2025-09-18 Price Changed $240,000 GPRMLS
• 2025-09-03 Listed $245,000 GPRMLS
• 2025-08-28 Listing Removed — GPRMLS
• 2025-07-30 Price Changed $249,700 GPRMLS
• 2025-07-10 Price Changed $255,000 GPRMLS
• 2025-06-27 Listed $265,000 GPRMLS
• 2024-09-30 Sold (Public Records) $105,000 Public Records
• 2024-09-27 Sold (MLS) $105,000 GPRMLS
• 2024-09-12 Pending — GPRMLS
• 2024-09-09 Listed $110,000 GPRMLS
• 2024-09-06 Pending — GPRMLS
• 2024-09-05 Listing Removed — GPRMLS
• 2024-09-03 Price Changed $110,000 GPRMLS
• 2024-08-27 Price Changed $115,000 GPRMLS
• 2024-08-13 Listed $120,000 GPRMLS
• 2018-03-02 Listing Removed — GPRMLS
• 2017-09-08 Listed $55,000 GPRMLS
• 2008-07-13 Listing Removed — GPRMLS
• 2008-06-12 Listing Removed — GPRMLS
• 2008-06-12 Listed $22,000 GPRMLS
• 2008-03-11 Listed $26,000 GPRMLS

Property tax history

+2.8%/yr

Latest (2025): $1,550 · +0.3% YoY. Source: county tax records.