602 E Maple St · Hubbard, IA 50122

$134,999

4 bd · 1.5 ba · 1,770 sqft · SingleFamily public records · 205 Days on market

Built 1908 0.29 ac lot $76/sqft · at area comps Est $149k · 9% under ↓ 21% 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 +21.1/30.0
• ARV discount +11.6/15.0
• Appreciation +6.8/10.0
• DSCR +6.7/10.0
• Schools +5.7/10.0
• 1% rule +4.7/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome home to this inviting 3-bedroom, 2 bath, two-story residence offering 1,894 sq. ft. of comfortable living space in the heart of Hubbard, Iowa. Situated on a large lot, this property provides plenty of room to relax, garden, and enjoy outdoor activities. Step inside to find a bright and welcoming main floor featuring a generous living area, formal dining space, and a functional kitchen ready for your personal touch. The enclosed porch is perfect for morning coffee, hobbies, or additional living space—add to the home’s charm and versatility. Upstairs, you’ll find three spacious bedrooms and a full bath, offering ample space for family or guests. The double detached garage provides convenient parking and extra storage for tools, vehicles, or recreational equipment. With its classic character, roomy layout, and great location, this home offers the perfect opportunity to enjoy small-town living with plenty of space both inside and out.

Key facts

• Functional kitchen
• Enclosed porches
• Great location

Tags

• LARGE LOT
• ENCLOSED PORCHES
• FUNCTIONAL KITCHEN
• DOUBLE DETACHED GARAGE
• GREAT LOCATION

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $193 ($2k/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 $131k (2.9% below list).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#508 in IA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B; Watch: amenities F, commute F, health & safety D-.
• Hubbard-Radcliffe Community School District (rural): math 68% / reading 65% proficiency, ranked #175 of 289 in IA (top 61%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 15 active listings in the ZIP; 6 units permitted in Hardin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($933 loan paydown + $5k appreciation (3.7% local appreciation)).
• Hardin County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (3.7% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 6, 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 205 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $15k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1908 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $118,799 (12.0% below list)

Questions for the listing agent

1. It's been on market 205 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1908 — 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: 0.97% ✗
• Cap rate: 8.01%
• Cash-on-cash: 6.12%
• DSCR: 1.27
• GRM: 8.6

CMA / ARV

• ARV (median comp): $148,678
• List price: $134,999
• Delta: -9.20%
• Verdict: FAIR
• Comps: 12 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
318 S Illinois St	0.28mi	3/2.0 (-1)	1,595 (-10%)	1mo	$155,000	$97	63
402 E Elm St	0.20mi	3/1.0 (-1)	1,717 (-3%)	23mo	$80,000	$47	60
112 E Elm St	0.34mi	4/1.0	1,900 (+7%)	20mo	$35,000	$18	53
220 W Maple St	0.52mi	3/2.0 (-1)	1,696 (-4%)	14mo	$185,000	$109	50
214 W Maple St	0.48mi	3/1.5 (-1)	1,531 (-14%)	9mo	$163,500	$107	43
222 W Chestnut St	0.55mi	3/3.0 (-1)	1,672 (-6%)	16mo	$172,000	$103	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.7% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 15.0%
• Equity multiple: 1.89×
• Total profit: $33,562
• Equity at exit: $66,084

10-year hold

• IRR: 16.2%
• Equity multiple: 3.54×
• Total profit: $96,167
• Equity at exit: $106,242

Cash invested: $37,800 (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 50122

• Home prices YoY: 2.3%
• Active inventory: 15
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,310 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$78 /mo · $937/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $193

Break-even live

Break-even rent $1,066

Max offer price $134,999

Occupancy floor 80%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-07
   status $134,999 Pending 205 DOM
2. 2026-06-05
   days on market $134,999 Active 205 DOM
3. 2026-06-04
   days on market $134,999 Active 203 DOM
4. 2026-06-02
   days on market $134,999 Active 202 DOM
5. 2026-06-01
   days on market $134,999 Active 201 DOM
6. 2026-05-31
   days on market $134,999 Active 200 DOM
7. 2026-05-31
   days on market $134,999 Active 199 DOM
8. 2026-05-14
   historical Active Under Contract 970-char remark

   Show marketing remark (970 chars)

   Welcome home to this inviting 3-bedroom, 2 bath, two-story residence offering 1,894 sq. ft. of comfortable living space in the heart of Hubbard, Iowa. Situated on a large lot, this property provides plenty of room to relax, garden, and enjoy outdoor activities. Step inside to find a bright and welcoming main floor featuring a generous living area, formal dining space, and a functional kitchen ready for your personal touch. The enclosed porch is perfect for morning coffee, hobbies, or additional living space—add to the home’s charm and versatility. Upstairs, you’ll find three spacious bedrooms and a full bath, offering ample space for family or guests. The double detached garage provides convenient parking and extra storage for tools, vehicles, or recreational equipment. With its classic character, roomy layout, and great location, this home offers the perfect opportunity to enjoy small-town living with plenty of space both inside and out.

9. 2026-04-22
   price $134,999 970-char remark

   Show marketing remark (970 chars)

   Welcome home to this inviting 3-bedroom, 2 bath, two-story residence offering 1,894 sq. ft. of comfortable living space in the heart of Hubbard, Iowa. Situated on a large lot, this property provides plenty of room to relax, garden, and enjoy outdoor activities. Step inside to find a bright and welcoming main floor featuring a generous living area, formal dining space, and a functional kitchen ready for your personal touch. The enclosed porch is perfect for morning coffee, hobbies, or additional living space—add to the home’s charm and versatility. Upstairs, you’ll find three spacious bedrooms and a full bath, offering ample space for family or guests. The double detached garage provides convenient parking and extra storage for tools, vehicles, or recreational equipment. With its classic character, roomy layout, and great location, this home offers the perfect opportunity to enjoy small-town living with plenty of space both inside and out.

10. 2026-04-22
    price $134,999 970-char remark

    Show marketing remark (970 chars)

    Welcome home to this inviting 3-bedroom, 2 bath, two-story residence offering 1,894 sq. ft. of comfortable living space in the heart of Hubbard, Iowa. Situated on a large lot, this property provides plenty of room to relax, garden, and enjoy outdoor activities. Step inside to find a bright and welcoming main floor featuring a generous living area, formal dining space, and a functional kitchen ready for your personal touch. The enclosed porch is perfect for morning coffee, hobbies, or additional living space—add to the home’s charm and versatility. Upstairs, you’ll find three spacious bedrooms and a full bath, offering ample space for family or guests. The double detached garage provides convenient parking and extra storage for tools, vehicles, or recreational equipment. With its classic character, roomy layout, and great location, this home offers the perfect opportunity to enjoy small-town living with plenty of space both inside and out.

11. 2026-02-02
    price $144,900 970-char remark

    Show marketing remark (970 chars)

    Welcome home to this inviting 3-bedroom, 2 bath, two-story residence offering 1,894 sq. ft. of comfortable living space in the heart of Hubbard, Iowa. Situated on a large lot, this property provides plenty of room to relax, garden, and enjoy outdoor activities. Step inside to find a bright and welcoming main floor featuring a generous living area, formal dining space, and a functional kitchen ready for your personal touch. The enclosed porch is perfect for morning coffee, hobbies, or additional living space—add to the home’s charm and versatility. Upstairs, you’ll find three spacious bedrooms and a full bath, offering ample space for family or guests. The double detached garage provides convenient parking and extra storage for tools, vehicles, or recreational equipment. With its classic character, roomy layout, and great location, this home offers the perfect opportunity to enjoy small-town living with plenty of space both inside and out.

12. 2026-02-02
    price $144,900 970-char remark

    Show marketing remark (970 chars)

    Welcome home to this inviting 3-bedroom, 2 bath, two-story residence offering 1,894 sq. ft. of comfortable living space in the heart of Hubbard, Iowa. Situated on a large lot, this property provides plenty of room to relax, garden, and enjoy outdoor activities. Step inside to find a bright and welcoming main floor featuring a generous living area, formal dining space, and a functional kitchen ready for your personal touch. The enclosed porch is perfect for morning coffee, hobbies, or additional living space—add to the home’s charm and versatility. Upstairs, you’ll find three spacious bedrooms and a full bath, offering ample space for family or guests. The double detached garage provides convenient parking and extra storage for tools, vehicles, or recreational equipment. With its classic character, roomy layout, and great location, this home offers the perfect opportunity to enjoy small-town living with plenty of space both inside and out.

13. 2025-11-12
    listed $149,900 Active 970-char remark

    Show marketing remark (970 chars)

    Welcome home to this inviting 3-bedroom, 2 bath, two-story residence offering 1,894 sq. ft. of comfortable living space in the heart of Hubbard, Iowa. Situated on a large lot, this property provides plenty of room to relax, garden, and enjoy outdoor activities. Step inside to find a bright and welcoming main floor featuring a generous living area, formal dining space, and a functional kitchen ready for your personal touch. The enclosed porch is perfect for morning coffee, hobbies, or additional living space—add to the home’s charm and versatility. Upstairs, you’ll find three spacious bedrooms and a full bath, offering ample space for family or guests. The double detached garage provides convenient parking and extra storage for tools, vehicles, or recreational equipment. With its classic character, roomy layout, and great location, this home offers the perfect opportunity to enjoy small-town living with plenty of space both inside and out.

14. 2025-11-12
    listed $149,900 Active 970-char remark

    Show marketing remark (970 chars)

    Welcome home to this inviting 3-bedroom, 2 bath, two-story residence offering 1,894 sq. ft. of comfortable living space in the heart of Hubbard, Iowa. Situated on a large lot, this property provides plenty of room to relax, garden, and enjoy outdoor activities. Step inside to find a bright and welcoming main floor featuring a generous living area, formal dining space, and a functional kitchen ready for your personal touch. The enclosed porch is perfect for morning coffee, hobbies, or additional living space—add to the home’s charm and versatility. Upstairs, you’ll find three spacious bedrooms and a full bath, offering ample space for family or guests. The double detached garage provides convenient parking and extra storage for tools, vehicles, or recreational equipment. With its classic character, roomy layout, and great location, this home offers the perfect opportunity to enjoy small-town living with plenty of space both inside and out.

15. 2025-10-01
    price $162,500
16. 2025-09-03
    listed $170,000 Active

ⓘ 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: $937 · $78/mo
• Projected year-2 tax: $1,528 · $127/mo
• Expected delta: +$591/yr (+$49/mo · 63.1%)

ⓘ 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 ≥102°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: $15,722
• − Mortgage interest: −$7,562
• − Property taxes: −$937
• − Insurance: −$675
• − Repairs & maintenance: −$1,258
• − Management: −$1,258
• − Depreciation: −$3,927
• Taxable income: $105
• Est. tax owed @ 24.0%: −$25
• After-tax cash flow: $2,288/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: Hubbard-Radcliffe Community School District
• NCES district ID: 1914310
• Math proficiency: 68% ▼ -4.00%
• Reading proficiency: 65% ▼ -2.00%
• Median HH income: $56,284
• Composite: 57.09/100
• National rank: #1103
• State rank: #175 of 289 in IA

Livability — Hubbard

• Score: 66/100
• State rank: #508
• US rank: #11245

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hubbard, IA
• City population: 1,348
• Population (ZIP): 1,348

Population outlook (Hardin County) Hauer SSP2

• Today (2025): 17,474 people
• By 2030: 17,369 · -0.6%
• By 2040: 17,018 · -2.6%
• By 2050: 16,454 · -5.8%
• By 2075: 14,665 · -16.1%
• By 2100: 12,404 · -29.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Hispanic / Latino 3%
• Common ancestry: Portuguese 14% Italian 1% Iranian 1%
• Foreign-born: 2% · South Korea, Canada

Political lean MEDSL · Hardin

• 2024 margin: Solid R (+38.4) · D 30.3% · R 68.7% · Other 1.1%
• 2008→2024 swing: -39.3pp toward R · 2008: 0.9pp · 2024: -38.4pp
• All cycles: 2024: R+38.4 2020: R+32.0 2016: R+29.2 2012: R+7.1 2008: D+0.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.70%
• Current HPI: 164.9646
• 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

-20.6% since first listed

9 events — show timeline

• 2026-05-14 Contingent — IAR
• 2026-04-22 Price Changed $134,999 IAR
• 2026-04-22 Price Changed $134,999 NEIRBR as distributed by MLS GRID
• 2026-02-02 Price Changed $144,900 NEIRBR as distributed by MLS GRID
• 2026-02-02 Price Changed $144,900 IAR
• 2025-11-12 Listed $149,900 NEIRBR as distributed by MLS GRID
• 2025-11-12 Listed $149,900 IAR
• 2025-10-01 Price Changed $162,500 IAR
• 2025-09-03 Listed $170,000 IAR

Property tax history

+6.3%/yr

Latest (2025): $937 · +2.3% YoY. Source: county tax records.