5430 W Cleveland Ave · Lincoln, NE 68524-2145

$245,000

2 bd · 2.0 ba · 1,556 sqft · SingleFamily public records · 20 Days on market

Built 2000 4,792 sqft lot $157/sqft · 7% below area Est $265k · 7% under

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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).

• ARV discount +10.9/15.0
• Cash flow +7.7/30.0
• Appreciation +5.0/10.0
• Schools +4.4/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0
• DSCR +1.8/10.0

Listing remarks MLS

Welcome to this well-maintained home located at 5430 W. Cleveland Ave in desirable Lincoln! Nestled in a growing and rapidly developing neighborhood, this property offers the perfect combination of comfort, convenience, and long-term value. This home features a freshly painted back deck, perfect for relaxing or entertaining, along with an extra parking slab providing additional space for vehicles or guests. Inside, you’ll appreciate recent updates including a new water heater installed in 2025, adding peace of mind for years to come. Location is key, and this home delivers. Situated near multiple schools, making daily commutes simple and convenient. Enjoy being just minutes from the Lincoln Airport and close to major highways, offering easy access across town for work, shopping, and entertainment. The surrounding area continues to expand with new development, amenities, and improvements, enhancing both lifestyle and investment potential. Don't hesitate. Schedule a showing today!

Key facts

• New water heater
• Extra parking slab
• 4,792 sq ft lot

Tags

• FRESHLY PAINTED BACK DECK
• EXTRA PARKING SLAB
• NEW WATER HEATER
• NEAR MULTIPLE SCHOOLS
• MINUTES FROM LINCOLN AIRPORT
• CLOSE TO MAJOR HIGHWAYS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $245k.

Deal economics

• At list price, monthly cash flow is $-279 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $196k (20.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $169k (31.0% below list).
• Recommended offer: $169k (31.0% below list) — sets the bar for 1% rule.
• Cap rate 4.9% 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: Arnold Elementary School (math 33% / reading 45%, grade F, #371 of 502 statewide, top 74%, 739 students, 66% FRL); Schoo Middle School (math 48% / reading 50%, grade C-, #56 of 128 statewide, top 44%, 917 students, 0% FRL); North Star High School (math 36% / reading 33%, grade F, #208 of 261 statewide, top 86%, 2,072 students, 55% FRL) — zoned schools at 40% FRL track the district average.
• Market conditions: 1 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 1,940 units permitted in Lancaster County in 2024 (895 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($2k loan paydown + $7k appreciation (3.0% local appreciation)).
• Lancaster County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 4, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($241k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y 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.

Recommended offer $168,996 (31.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
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: 0.69% ✗
• Cap rate: 4.93%
• Cash-on-cash: -4.88%
• DSCR: 0.78
• GRM: 12.1

CMA / ARV

• ARV (median comp): $264,727
• List price: $245,000
• Delta: -7.45%
• 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
5430 W Cleveland Ave	0.00mi	3/2.0 (+1)	1,556 (0%)	0mo	$245,000	$157	95
2540 NW 55th St	0.26mi	3/2.0 (+1)	1,504 (-3%)	2mo	$265,000	$176	76
2541 Northwest 55th St	0.27mi	3/3.0 (+1)	1,526 (-2%)	1mo	$269,000	$176	74
2600 NW 53rd St	0.26mi	3/2.0 (+1)	1,678 (+8%)	1mo	$286,000	$170	69
2724 NW Columbine Dr	0.27mi	3/3.0 (+1)	1,486 (-4%)	3mo	$295,000	$199	69
2516 NW 55th St	0.30mi	3/2.0 (+1)	1,438 (-8%)	2mo	$270,000	$188	67
5420 W Leighton Ave	0.44mi	3/2.0 (+1)	1,626 (+4%)	1mo	$275,000	$169	66
5511 W Kingsley St	0.20mi	3/1.0 (+1)	1,375 (-12%)	2mo	$188,000	$137	60
5011 W Saint Paul Ave	0.31mi	3/2.0 (+1)	1,360 (-13%)	2mo	$240,000	$176	58
5030 W Sparrow Ln	0.59mi	3/2.5 (+1)	1,482 (-5%)	2mo	$289,900	$196	56
2348 NW 57th St	0.44mi	3/2.0 (+1)	1,360 (-13%)	0mo	$320,000	$235	53
5270 W Thatcher Ln	0.60mi	3/1.0 (+1)	1,326 (-15%)	2mo	$269,900	$204	37

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: 3.0%
• Equity multiple: 1.17×
• Total profit: $11,725
• Equity at exit: $110,163

10-year hold

• IRR: 6.4%
• Equity multiple: 1.97×
• Total profit: $66,645
• Equity at exit: $169,774

Cash invested: $68,600 (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 68524-2145

• Active inventory: 1
• Price-to-rent: 12.1×

Monthly cashflow live

• Estimated rent: $1,690 medium
• Mortgage (P&I): −$1,285
• Tax from tax record: −$227 /mo · $2,725/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $-279

Break-even live

Break-even rent $2,043

Max offer price $195,725

Occupancy floor —

Sensitivity live

Price	-10% $-140	-5% $-210	+0% $-279	+5% $-348	+10% $-418
Rent	-10% $-412	-5% $-346	+0% $-279	+5% $-212	+10% $-145
Rate	-1.0pp $-156	-0.5pp $-217	base $-279	+0.5pp $-342	+1.0pp $-407

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: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5300 W Zeamer St Lincoln, NE	3.0	1.0	1500	$1,678	$1.12	15d	1	0.15mi
5321 Michael Cir Lincoln, NE	3.0	2.0	1915	$1,750	$0.91	45d	1	0.50mi
1550 NW 48th St Lincoln, NE	2.0	1.0–2.0	831	$1,650	$1.98	15d	60	0.99mi

Listing history 12 events

1. 2026-05-07
   status Pending 999-char remark

   Show marketing remark (999 chars)

   Welcome to this well-maintained home located at 5430 W. Cleveland Ave in desirable Lincoln! Nestled in a growing and rapidly developing neighborhood, this property offers the perfect combination of comfort, convenience, and long-term value. This home features a freshly painted back deck, perfect for relaxing or entertaining, along with an extra parking slab providing additional space for vehicles or guests. Inside, you’ll appreciate recent updates including a new water heater installed in 2025, adding peace of mind for years to come. Location is key, and this home delivers. Situated near multiple schools, making daily commutes simple and convenient. Enjoy being just minutes from the Lincoln Airport and close to major highways, offering easy access across town for work, shopping, and entertainment. The surrounding area continues to expand with new development, amenities, and improvements, enhancing both lifestyle and investment potential. Don't hesitate. Schedule a showing today!

2. 2026-04-14
   listed $245,000 New 999-char remark

   Show marketing remark (999 chars)

   Welcome to this well-maintained home located at 5430 W. Cleveland Ave in desirable Lincoln! Nestled in a growing and rapidly developing neighborhood, this property offers the perfect combination of comfort, convenience, and long-term value. This home features a freshly painted back deck, perfect for relaxing or entertaining, along with an extra parking slab providing additional space for vehicles or guests. Inside, you’ll appreciate recent updates including a new water heater installed in 2025, adding peace of mind for years to come. Location is key, and this home delivers. Situated near multiple schools, making daily commutes simple and convenient. Enjoy being just minutes from the Lincoln Airport and close to major highways, offering easy access across town for work, shopping, and entertainment. The surrounding area continues to expand with new development, amenities, and improvements, enhancing both lifestyle and investment potential. Don't hesitate. Schedule a showing today!

3. 2024-05-01
   soldstatus $215,000
4. 2024-04-30
   soldstatus $215,000 Sold 295-char remark

   Show marketing remark (295 chars)

   Welcome to 5430 W Cleveland Ave! This cute 3 bedroom, 2 bath ranch features 2 beds up and one downstairs as well as a bathroom on each level. Out back, you will enjoy your fenced yard from your deck while entertaining your family or guests. Part of the front pad of drive has just been replaced.

5. 2024-04-07
   status Pending 295-char remark

   Show marketing remark (295 chars)

   Welcome to 5430 W Cleveland Ave! This cute 3 bedroom, 2 bath ranch features 2 beds up and one downstairs as well as a bathroom on each level. Out back, you will enjoy your fenced yard from your deck while entertaining your family or guests. Part of the front pad of drive has just been replaced.

6. 2024-04-02
   price $207,000 295-char remark

   Show marketing remark (295 chars)

   Welcome to 5430 W Cleveland Ave! This cute 3 bedroom, 2 bath ranch features 2 beds up and one downstairs as well as a bathroom on each level. Out back, you will enjoy your fenced yard from your deck while entertaining your family or guests. Part of the front pad of drive has just been replaced.

7. 2024-03-12
   listed $215,000 New 295-char remark

   Show marketing remark (295 chars)

   Welcome to 5430 W Cleveland Ave! This cute 3 bedroom, 2 bath ranch features 2 beds up and one downstairs as well as a bathroom on each level. Out back, you will enjoy your fenced yard from your deck while entertaining your family or guests. Part of the front pad of drive has just been replaced.

8. 2020-03-27
   soldstatus $157,000 Sold
9. 2020-03-27
   soldstatus $157,000
10. 2020-03-08
    status Pending
11. 2020-02-13
    listed $160,000 Active - New
12. 2009-12-15
    soldstatus $108,000

ⓘ 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: $2,725 · $227/mo
• Projected year-2 tax: $4,238 · $353/mo
• Expected delta: +$1,513/yr (+$126/mo · 55.5%)

ⓘ 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 3/10 Moderate
• 🌡 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: $20,280
• − Mortgage interest: −$13,724
• − Property taxes: −$2,725
• − Insurance: −$1,225
• − Repairs & maintenance: −$1,622
• − Management: −$1,622
• − Depreciation: −$7,127
• Taxable loss: −$7,767
• Est. tax savings @ 24.0%: +$1,864
• After-tax cash flow: $-1,483/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

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%

Not yet ingested

• Political lean: —
• Race & ethnicity: —
• Common origin: —
• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

+126.9% since first listed

12 events — show timeline

• 2026-05-07 Pending — GPRMLS
• 2026-04-14 Listed $245,000 GPRMLS
• 2024-05-01 Sold (Public Records) $215,000 Public Records
• 2024-04-30 Sold (MLS) $215,000 GPRMLS
• 2024-04-07 Pending — GPRMLS
• 2024-04-02 Price Changed $207,000 GPRMLS
• 2024-03-12 Listed $215,000 GPRMLS
• 2020-03-27 Sold (Public Records) $157,000 Public Records
• 2020-03-27 Sold (MLS) $157,000 GPRMLS
• 2020-03-08 Pending — GPRMLS
• 2020-02-13 Listed $160,000 GPRMLS
• 2009-12-15 Sold (Public Records) $108,000 Public Records

Property tax history

+3.7%/yr

Latest (2025): $2,725 · +7.1% YoY. Source: county tax records.