205 Ida St · Fullerton, NE 68638

$94,000

3 bd · 2.0 ba · 1,392 sqft · SingleFamily public records · 117 Days on market

Built 1975

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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 +25.5/30.0
• Appreciation +8.8/10.0
• DSCR +8.5/10.0
• ARV discount +7.5/15.0
• 1% rule +6.7/10.0
• Schools +4.8/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Key facts

• Built 1975
• Listed 117 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $94k.

Deal economics

• At list price, monthly cash flow is $220 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $94k).
• Recommended offer: $86k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#157 in NE) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: employment D+, amenities F, commute F.
• Fullerton Public Schools (rural): math 50% / reading 60% proficiency, ranked #117 of 245 in NE (top 48%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Fullerton Elementary School (math 47% / reading 52%, grade D, #233 of 502 statewide, top 52%, 164 students, 30% FRL); Fullerton High School (math 37% / reading 47%, grade F, #176 of 261 statewide, top 68%, 135 students, 38% FRL).
• Market conditions: 5 active listings in the ZIP; 4 units permitted in Nance County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $8k of equity ($650 loan paydown + $7k appreciation (7.6% local appreciation)).
• Nance County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (7.6% appreciation + 3.0% rent growth), your $26k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 117 days — a 9% lower offer ($86k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $32k; list at $94k implies a 194% gain — meaningful room to come down on a strong offer.

Recommended offer $85,540 (9.0% below list)

Questions for the listing agent

1. It's been on market 117 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — 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. Schools are B-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?
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: 1.17% ✓
• Cap rate: 9.11%
• Cash-on-cash: 10.05%
• DSCR: 1.45
• GRM: 7.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

7.6% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 27.0%
• Equity multiple: 2.91×
• Total profit: $50,364
• Equity at exit: $68,851

10-year hold

• IRR: 24.4%
• Equity multiple: 6.16×
• Total profit: $135,705
• Equity at exit: $134,293

Cash invested: $26,320 (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 68638

• Home prices YoY: 4.4%
• Active inventory: 5
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,100 medium
• Mortgage (P&I): −$493
• Tax from tax record: −$116 /mo · $1,397/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$231
• Net cashflow: $220

Break-even live

Break-even rent $821

Max offer price $94,000

Occupancy floor 75%

Sensitivity live

Price	-10% $274	-5% $247	+0% $220	+5% $194	+10% $167
Rent	-10% $133	-5% $177	+0% $220	+5% $264	+10% $307
Rate	-1.0pp $268	-0.5pp $244	base $220	+0.5pp $196	+1.0pp $171

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: $23,500
• Closing costs: $2,820
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-21
   days on market $94,000 Active 117 DOM
2. 2026-06-21
   pricedays on market $94,000 Active 116 DOM
3. 2026-06-18
   days on market $99,000 Active 114 DOM
4. 2026-06-17
   days on market $99,000 Active 113 DOM
5. 2026-06-16
   days on market $99,000 Active 112 DOM
6. 2026-06-15
   days on market $99,000 Active 111 DOM
7. 2026-06-13
   days on market $99,000 Active 109 DOM
8. 2026-06-12
   days on market $99,000 Active 108 DOM
9. 2026-06-09
   days on market $99,000 Active 105 DOM
10. 2026-06-08
    days on market $99,000 Active 104 DOM
11. 2026-06-07
    days on market $99,000 Active 103 DOM
12. 2026-06-05
    days on market $99,000 Active 101 DOM
13. 2026-06-04
    days on market $99,000 Active 99 DOM
14. 2026-06-02
    days on market $99,000 Active 98 DOM
15. 2026-06-01
    days on market $99,000 Active 97 DOM
16. 2026-05-31
    days on market $99,000 Active 96 DOM
17. 2026-02-23
    listed $99,000 Active
18. 2024-02-09
    soldstatus $32,000

ⓘ 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: $1,397 · $116/mo
• Projected year-2 tax: $1,626 · $136/mo
• Expected delta: +$229/yr (+$19/mo · 16.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $13,199
• − Mortgage interest: −$5,265
• − Property taxes: −$1,397
• − Insurance: −$470
• − Repairs & maintenance: −$1,056
• − Management: −$1,056
• − Depreciation: −$2,735
• Taxable income: $1,220
• Est. tax owed @ 24.0%: −$293
• After-tax cash flow: $2,352/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: Fullerton Public Schools
• NCES district ID: 3100091
• Math proficiency: 50% ▼ -5.00%
• Reading proficiency: 60% ▬ 0.00%
• Median HH income: $41,717
• Composite: 47.93/100
• National rank: #4828
• State rank: #117 of 245 in NE

Livability — Fullerton

• Score: 73/100
• State rank: #157
• US rank: #5637

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fullerton, NE
• Population (ZIP): 1,810

Population outlook (Nance County) Hauer SSP2

• Today (2025): 3,425 people
• By 2030: 3,330 · -2.8%
• By 2040: 3,165 · -7.6%
• By 2050: 3,004 · -12.3%
• By 2075: 2,787 · -18.6%
• By 2100: 2,559 · -25.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Romanian 25% Iranian 1% Serbian 1%
• Foreign-born: 0% · Canada
• Languages at home: 98% English-only · Spanish 1% Korean 1%

Political lean MEDSL · Nance

• 2024 margin: Solid R (+60.4) · D 19.2% · R 79.6% · Other 1.2%
• 2008→2024 swing: -27.2pp toward R · 2008: -33.2pp · 2024: -60.4pp
• All cycles: 2024: R+60.4 2020: R+58.8 2016: R+61.1 2012: R+38.7 2008: R+33.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.60%
• Current HPI: 178.5145
• 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

+209.4% since first listed

2 events — show timeline

• 2026-02-23 Listed $99,000 NNEMLS
• 2024-02-09 Sold (Public Records) $32,000 Public Records

Property tax history

+6.2%/yr

Latest (2025): $1,397 · -3.2% YoY. Source: county tax records.