1014 Quint Ave · Carroll, IA 51401

$99,000

2 bd · 1.0 ba · 846 sqft · SingleFamily public records · 2 Days on market

Built 1900 0.35 ac lot Est $99k · 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 +13.7/30.0
• ARV discount +7.5/15.0
• Schools +6.1/10.0
• DSCR +4.2/10.0
• Livability +4.1/5.0
• 1% rule +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Lots of yard space at this 2 bedroom, 1 bath home. Kitchen included gas stove replacement windows, enclosed front porch, & a 1 car garage. Call for your personal tour!

Key facts

• Alley access
• Generously sized lot
• Unfinished basement

Tags

• UNFINISHED BASEMENT
• DETACHED ONE-CAR GARAGE
• GENEROUSLY SIZED LOT
• ALLEY ACCESS

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer; Electric: fuses
• Home design: Single family residential property
• Construction: Metal siding
• Exterior features: Shingle roof

Interior

• Kitchen: Range (stove)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Range (stove); Basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $8 ($96/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 $82k (16.8% below list).
• Recommended offer: $82k (16.8% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 3.2% in Carroll — 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 82/100 on livability (#54 in IA, #1,282 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities D+, commute F.
• Carroll Community School District (town): math 72% / reading 72% proficiency, ranked #113 of 289 in IA (top 39%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Zoned schools: Fairview Elementary School (469 students, 42% FRL); Carroll Middle School (math 74% / reading 72%, grade A, #87 of 246 statewide, top 36%, 489 students, 39% FRL); Carroll High School (math 75% / reading 80%, grade A-, #56 of 336 statewide, top 17%, 544 students, 29% FRL).
• Market conditions: 93 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 32 units permitted in Carroll County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Carroll County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 8y 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 $63k; list at $99k implies a 57% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $82,377 (16.8% below list)

Questions for the listing agent

1. Built in 1900 — 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. 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. 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?
5. 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.
6. 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.
7. 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: 0.83% ✗
• Cap rate: 6.39%
• Cash-on-cash: 0.35%
• DSCR: 1.02
• GRM: 10.0

CMA / ARV

• ARV (on-the-fly): $98,982
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1014 Quint Ave	0.00mi	2/1.0	846 (0%)	1mo	$99,000	$117	99
511 W 15th St	0.21mi	3/1.0 (+1)	864 (+2%)	1mo	$165,000	$191	81
1306 Simon Ave	0.11mi	2/1.0	748 (-12%)	4mo	$65,000	$87	72
1118 N Carroll St #4	0.34mi	2/1.0	836 (-1%)	13mo	$64,000	$77	72
1517 Highland Dr	0.25mi	3/1.0 (+1)	864 (+2%)	13mo	$145,000	$168	69
1525 Birch St	0.40mi	3/2.0 (+1)	864 (+2%)	3mo	$195,000	$226	66
1120 N Carroll St #6	0.33mi	2/1.0	836 (-1%)	21mo	$74,000	$89	65
226 W 13th St	0.36mi	2/2.0	936 (+11%)	7mo	$165,000	$176	56
217 E 8th St	0.61mi	1/1.0 (-1)	884 (+4%)	17mo	$55,000	$62	45
1518 N Adams St	0.47mi	2/1.0	720 (-15%)	22mo	$142,200	$198	35
310 W 2nd St	0.69mi	2/1.0	768 (-9%)	22mo	$78,000	$102	34

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: -15.8%
• Equity multiple: 0.44×
• Total profit: $-15,544
• Equity at exit: $14,761

10-year hold

• IRR: -7.4%
• Equity multiple: 0.53×
• Total profit: $-12,930
• Equity at exit: $8,560

Cash invested: $27,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Iowa: 83 Strongly Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; mostly landlord-friendly statewide.

Methodology + full state rankings →

ZIP-level market 51401

• Home prices YoY: -22.3%
• Active inventory: 93
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $824 medium
• Mortgage (P&I): −$519
• Tax from tax record: −$82 /mo · $988/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$173
• Net cashflow: $8

Break-even live

Break-even rent $814

Max offer price $99,000

Occupancy floor 94%

Sensitivity live

Price	-10% $64	-5% $36	+0% $8	+5% $-20	+10% $-48
Rent	-10% $-57	-5% $-25	+0% $8	+5% $41	+10% $73
Rate	-1.0pp $58	-0.5pp $33	base $8	+0.5pp $-18	+1.0pp $-44

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
506-12 E 18th St Unit I01 Carroll, IA	2.0	1.0	672	$875	$1.30	45d	1	0.82mi
512 E 18th St Apt 3J Carroll, IA	1.0	1.0	560	$700	$1.25	45d	1	0.83mi
520-26 E 18th St Unit C07 Carroll, IA	2.0	1.0	672	$875	$1.30	45d	1	0.83mi

Listing history 4 events

1. 2026-04-30
   status Pending
2. 2026-04-28
   listed $99,000 Active
3. 2018-08-01
   soldstatus $63,000 172-char remark

   Show marketing remark (172 chars)

   Lots of yard space at this 2 bedroom, 1 bath home. Kitchen included gas stove replacement windows, enclosed front porch, & a 1 car garage. Call for your personal tour!

4. 2018-05-25
   listed $74,500 172-char remark

   Show marketing remark (172 chars)

   Lots of yard space at this 2 bedroom, 1 bath home. Kitchen included gas stove replacement windows, enclosed front porch, & a 1 car garage. Call for your personal tour!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IA · Partial reset (capped growth)

• Current annual tax: $988 · $82/mo
• Projected year-2 tax: $1,271 · $106/mo
• Expected delta: +$283/yr (+$24/mo · 28.7%)

ⓘ 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 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥101°F today · 15 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: $9,885
• − Mortgage interest: −$5,546
• − Property taxes: −$988
• − Insurance: −$495
• − Repairs & maintenance: −$791
• − Management: −$791
• − Depreciation: −$2,880
• Taxable loss: −$1,605
• Est. tax savings @ 24.0%: +$385
• After-tax cash flow: $482/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: Carroll Community School District
• NCES district ID: 1906330
• Math proficiency: 72% ▼ -6.00%
• Reading proficiency: 72% ▲ 2.00%
• Median HH income: $50,124
• Composite: 61.04/100
• National rank: #793
• State rank: #113 of 289 in IA

Livability — Carroll

• Score: 82/100
• State rank: #54
• US rank: #1282

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Carroll, IA
• City population: 12,113
• Population (ZIP): 12,113

Population outlook (Carroll County) Hauer SSP2

• Today (2025): 19,745 people
• By 2030: 19,244 · -2.5%
• By 2040: 18,251 · -7.6%
• By 2050: 17,223 · -12.8%
• By 2075: 16,258 · -17.7%
• By 2100: 15,591 · -21.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Italian 2% Lithuanian 2% Iranian 1%
• Foreign-born: 2% · Canada, South Korea
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Carroll

• 2024 margin: Solid R (+41.9) · D 28.4% · R 70.3% · Other 1.4%
• 2008→2024 swing: -45.6pp toward R · 2008: 3.6pp · 2024: -41.9pp
• All cycles: 2024: R+41.9 2020: R+37.8 2016: R+31.8 2012: R+6.3 2008: D+3.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -76.74%
• Current HPI: 267.0068
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.48%
• F500 in state: 4

Industry mix (Fortune 500 HQ in IA)

Industry	F500 HQs	Revenue
▸Financial Services	1	$16B
▸Retail / Convenience	1	$15B

Price history

+32.9% since first listed

4 events — show timeline

• 2026-04-30 Pending — IAR
• 2026-04-28 Listed $99,000 IAR
• 2018-08-01 Sold (MLS) $63,000 IAR
• 2018-05-25 Listed $74,500 IAR

Property tax history

+3.1%/yr

Latest (2025): $988 · +1.9% YoY. Source: county tax records.