100 W North St · Olin, IA 52320

$60,000

2 bd · 1.0 ba · 1,220 sqft · SingleFamily public records · 5 Days on market

Built 1920 6,534 sqft lot Est $113k · 47% under

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Why this score? — see what drove the A 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +7.9/10.0
• Schools +4.5/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Located in the quiet community of Olin, this 2-bedroom, 1-bath home offers 1,220 square feet of opportunity and potential. Featuring a spacious kitchen and dining combo, the layout provides a great foundation for someone ready to make it their own. Situated on a 0.15-acre lot, the property also includes a detached garage and additional storage shed. The vinyl-sided exterior offers low-maintenance appeal, while the interior is ready for updates and personal touches. Whether you're looking for an investment property, renovation project, or affordable small-town living, this home is full of possibilities! Currently tenant-occupied with a renter who would be happy to stay!

Key facts

• Vinyl-sided exterior
• Detached garage
• 6,534 sq ft lot

Tags

• DETACHED GARAGE
• ADDITIONAL STORAGE SHED
• VINYL-SIDED EXTERIOR

Property features AI

Exterior

• Parking: Detached garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Frame construction with vinyl siding
• Exterior features: Shed(s); Lot approximately 0.15 acres (55 x 120)

Interior

• Kitchen: Dishwasher; Range
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Natural gas forced air heating
• Interior features: Dishwasher; Range; Partial basement; 5 total rooms

🏷️ Possibly a rental listed for sale. The $60,000 price doesn't fit this home's estimated sale value (~$113,460) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $84 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).

Location & tenants

• Location reads 62/100 on livability (#721 in IA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A-; Watch: crime C-, employment D+, amenities F.
• Olin Consolidated School District (rural): math 60% / reading 40% proficiency, ranked #320 of 330 in IA (top 97%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Olin Elementary School (math 44% / reading 34%, grade F, #579 of 616 statewide, top 95%, 92 students, 50% FRL).
• Market conditions: 6 active listings in the ZIP; 25 units permitted in Jones County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($415 loan paydown + $3k appreciation (5.7% local appreciation)).
• Jones County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (5.7% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: flood insurance adds $314/mo; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $60,000

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.71% ✓
• Cap rate: 14.25%
• Cash-on-cash: 28.42%
• DSCR: 2.26
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $113,460
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
200 E 2nd St St	0.17mi	2/1.0	1,232 (+1%)	7mo	$115,000	$93	85
609 Resident Street St	0.15mi	3/1.0 (+1)	1,268 (+4%)	14mo	$107,500	$85	70
406 Highland Street St	0.30mi	3/1.0 (+1)	1,094 (-10%)	0mo	$15,000	$14	63
200 W Cleveland St	0.10mi	2/2.0	1,326 (+9%)	18mo	$127,000	$96	61
110 Midway St	0.42mi	3/2.0 (+1)	1,222 (+0%)	17mo	$168,000	$137	57

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

Projected returns pro-forma

5.73% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 19.9%
• Equity multiple: 2.31×
• Total profit: $21,929
• Equity at exit: $36,699

10-year hold

• IRR: 19.4%
• Equity multiple: 4.63×
• Total profit: $60,986
• Equity at exit: $65,689

Cash invested: $16,800 (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 52320

• Home prices YoY: 3.8%
• Active inventory: 6
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,023 medium
• Mortgage (P&I): −$315
• Tax from tax record: −$71 /mo · $852/yr
• Insurance: −$25
• Flood insurance flood zone: −$314 /mo · $3,765/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$215
• Net cashflow: $84

Break-even live

Break-even rent $917

Max offer price $60,000

Occupancy floor 87%

Sensitivity live

Price	-10% $118	-5% $101	+0% $84	+5% $67	+10% $50
Rent	-10% $3	-5% $44	+0% $84	+5% $125	+10% $165
Rate	-1.0pp $114	-0.5pp $99	base $84	+0.5pp $69	+1.0pp $53

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Listing history 1 events

1. 2026-05-22
   listed $60,000 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: $852 · $71/mo
• Projected year-2 tax: $897 · $75/mo
• Expected delta: +$45/yr (+$4/mo · 5.3%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone A · 23% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,281
• − Mortgage interest: −$3,361
• − Property taxes: −$852
• − Insurance: −$4,065
• − Repairs & maintenance: −$983
• − Management: −$983
• − Depreciation: −$1,745
• Taxable income: $293
• Est. tax owed @ 24.0%: −$70
• After-tax cash flow: $939/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: Olin Consolidated School District
• NCES district ID: 1921720
• Math proficiency: 60% ▬ 0.00%
• Reading proficiency: 40% ▼ -30.00%
• Median HH income: $52,473
• Composite: 45.08/100
• National rank: #5829
• State rank: #320 of 330 in IA

Livability — Olin

• Score: 62/100
• State rank: #721
• US rank: #16679

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Olin, IA
• City population: 1,243
• Population (ZIP): 1,243

Population outlook (Jones County) Hauer SSP2

• Today (2025): 20,023 people
• By 2030: 19,702 · -1.6%
• By 2040: 19,007 · -5.1%
• By 2050: 18,396 · -8.1%
• By 2075: 17,955 · -10.3%
• By 2100: 17,448 · -12.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Two or more races 9% Hispanic / Latino 4%
• Common ancestry: Slovak 9% Iranian 4% Italian 3%
• Foreign-born: 0%

Political lean MEDSL · Jones

• 2024 margin: Strong R (+26.3) · D 36.0% · R 62.3% · Other 1.7%
• 2008→2024 swing: -36.7pp toward R · 2008: 10.4pp · 2024: -26.3pp
• All cycles: 2024: R+26.3 2020: R+21.5 2016: R+19.4 2012: D+7.7 2008: D+10.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.73%
• Current HPI: 155.6929
• 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

1 event — show timeline

• 2026-05-22 Listed $60,000 CRAAR, CDRMLS

Property tax history

-1.9%/yr

Latest (2025): $852 · -0.2% YoY. Source: county tax records.