148 NE 3rd Ave · Titonka, IA 50480

$105,000

2 bd · 1.5 ba · 1,040 sqft · SingleFamily public records · 29 Days on market

Built 1959 8,910 sqft lot Est $100k · 5% over

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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 +18.4/30.0
• Appreciation +8.4/10.0
• DSCR +5.8/10.0
• Schools +5.7/10.0
• ARV discount +5.2/15.0
• 1% rule +4.1/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Cozy and neat 2 bedroom ranch style home that is move in ready. The main floor consists of the kitchen with appliances and eating area, spacious living room, 2 nice bedrooms and a full bathroom. The laundry and an additional half bath are located in the basement. Other nice features of this home include steel siding, new roof in 2023, a quiet neighborhood and low maintenance. Outside concrete patio in the back. 12 x 12 portable shed included. Single attached garage with nice curb appeal.

Key facts

• Full bathroom
• Laundry in basement
• New roof

Tags

• KITCHEN WITH APPLIANCES
• SPACIOUS LIVING ROOM
• FULL BATHROOM
• LAUNDRY IN BASEMENT
• HALF BATH IN BASEMENT
• NEW ROOF

Property features AI

Exterior

• Parking: Attached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Residential single-family home
• Construction: Metal siding
• Exterior features: Shingle roof

Interior

• Kitchen: Range; Cooktop; Microwave; Refrigerator
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Range; Cooktop; Microwave; Refrigerator; Basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $99 ($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 $95k (9.1% below list).
• Recommended offer: $95k (9.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 64/100 on livability (#597 in IA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, schools F, amenities F.
• Algona Community School District (town): math 65% / reading 70% proficiency, ranked #170 of 289 in IA (top 59%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 6 active listings in the ZIP; 15 units permitted in Kossuth County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $8k of equity ($726 loan paydown + $7k appreciation (6.8% local appreciation)).
• Kossuth County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (6.8% appreciation + 3.0% rent growth), your $29k 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 29 days — a 2% lower offer ($103k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $28k; list at $105k implies a 282% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $95,439 (9.1% below list)

Questions for the listing agent

1. Built in 1959 — 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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.91% ✗
• Cap rate: 7.42%
• Cash-on-cash: 4.03%
• DSCR: 1.18
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $99,840
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
35 5th Ave NE	0.18mi	3/1.0 (+1)	1,056 (+2%)	5mo	$75,000	$71	78
224 Buffalo St SW	0.36mi	2/1.0	1,040 (0%)	10mo	$100,000	$96	72
223 State St	0.32mi	3/1.0 (+1)	1,064 (+2%)	9mo	$123,500	$116	67
011 Giesking St	0.21mi	3/1.5 (+1)	1,196 (+15%)	15mo	$84,900	$71	48

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

Projected returns pro-forma

6.81% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.5%
• Equity multiple: 2.42×
• Total profit: $41,714
• Equity at exit: $71,473

10-year hold

• IRR: 19.3%
• Equity multiple: 4.97×
• Total profit: $116,621
• Equity at exit: $134,614

Cash invested: $29,400 (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 50480

• Home prices YoY: 6.0%
• Active inventory: 6
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $954 medium
• Mortgage (P&I): −$551
• Tax from tax record: −$61 /mo · $730/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$200
• Net cashflow: $99

Break-even live

Break-even rent $829

Max offer price $105,000

Occupancy floor 85%

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $105,000 Active 29 DOM
2. 2026-06-17
   days on market $105,000 Active 28 DOM
3. 2026-06-16
   days on market $105,000 Active 27 DOM
4. 2026-06-16
   price $105,000 Active 26 DOM
5. 2026-06-15
   days on market $124,900 Active 26 DOM
6. 2026-06-13
   days on market $124,900 Active 24 DOM
7. 2026-06-12
   days on market $124,900 Active 23 DOM
8. 2026-06-09
   days on market $124,900 Active 20 DOM
9. 2026-06-08
   days on market $124,900 Active 19 DOM
10. 2026-06-07
    days on market $124,900 Active 18 DOM
11. 2026-06-07
    days on market $124,900 Active 17 DOM
12. 2026-06-04
    days on market $124,900 Active 14 DOM
13. 2026-06-02
    days on market $124,900 Active 13 DOM
14. 2026-06-01
    days on market $124,900 Active 12 DOM
15. 2026-05-31
    days on market $124,900 Active 11 DOM
16. 2026-05-31
    days on market $124,900 Active 10 DOM
17. 2026-05-20
    listed $124,900 Active
18. 2013-07-18
    soldstatus $27,500

ⓘ 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: $730 · $61/mo
• Projected year-2 tax: $1,189 · $99/mo
• Expected delta: +$459/yr (+$38/mo · 62.9%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥99°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: $11,453
• − Mortgage interest: −$5,882
• − Property taxes: −$730
• − Insurance: −$525
• − Repairs & maintenance: −$916
• − Management: −$916
• − Depreciation: −$3,055
• Taxable loss: −$571
• Est. tax savings @ 24.0%: +$137
• After-tax cash flow: $1,322/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: Algona Community School District
• NCES district ID: 1903360
• Math proficiency: 65% ▼ -8.00%
• Reading proficiency: 70% ▼ -7.00%
• Median HH income: $51,369
• Composite: 57.41/100
• National rank: #1076
• State rank: #170 of 289 in IA

Livability — Titonka

• Score: 64/100
• State rank: #597
• US rank: #13618

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Titonka, IA
• Population (ZIP): 926

Population outlook (Kossuth County) Hauer SSP2

• Today (2025): 14,667 people
• By 2030: 14,445 · -1.5%
• By 2040: 14,093 · -3.9%
• By 2050: 13,825 · -5.7%
• By 2075: 14,039 · -4.3%
• By 2100: 13,662 · -6.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Black 2% Hispanic / Latino 1% Two or more races 1%
• Common ancestry: Portuguese 6% Iranian 2% Lithuanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Kossuth

• 2024 margin: Solid R (+44.2) · D 27.3% · R 71.4% · Other 1.3%
• 2008→2024 swing: -47.4pp toward R · 2008: 3.2pp · 2024: -44.2pp
• All cycles: 2024: R+44.2 2020: R+39.4 2016: R+36.5 2012: R+12.3 2008: D+3.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.81%
• Current HPI: 119.7268
• 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

+354.2% since first listed

2 events — show timeline

• 2026-05-20 Listed $124,900 IAR
• 2013-07-18 Sold (Public Records) $27,500 Public Records

Property tax history

+0.3%/yr

Latest (2025): $730 · -2.7% YoY. Source: county tax records.