214 E Shaw St · Osceola, IA 50213

$229,000

4 bd · 2.0 ba · 1,794 sqft · MultiFamily public records · 22 Days on market

Built 2005 8,712 sqft lot $128/sqft · 36% above area Est $169k · 36% over

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Why this score? — see what drove the F 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).

• Appreciation +10.0/10.0
• Cash flow +5.9/30.0
• Schools +4.4/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.7/10.0
• DSCR +0.3/10.0
• ARV discount +0.0/15.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Looking for TWO? Check out this townhome - 2 BR and 1 Bath in each unit, attached 1 car garage, cement drive, open floor plan is cozy and comfortable! Patio for each unit, yard is spacious for entertaining or pets!

Key facts

• Spacious yard
• Open floor plan
• Patio for each unit

Tags

• OPEN FLOOR PLAN
• PATIO FOR EACH UNIT
• SPACIOUS YARD

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath multifamily listed at $229k.

Deal economics

• At list price, monthly cash flow is $-445 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $150k (34.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $153k (33.0% below list).
• Recommended offer: $150k (34.3% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 74/100 on livability (#253 in IA, #4,874 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: amenities F, commute F.
• Clarke Community School District (town): math 47% / reading 58% proficiency, ranked #275 of 289 in IA (top 95%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 52 active listings in the ZIP; 125 units permitted in Clarke County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $24k of equity ($2k loan paydown + $23k appreciation (10.0% local appreciation)).
• By year 2, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 12y 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 $140k; list at $229k implies a 64% gain — meaningful room to come down on a strong offer.

Recommended offer $150,410 (34.3% 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. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.67% ✗
• Cap rate: 3.96%
• Cash-on-cash: -8.33%
• DSCR: 0.63
• GRM: 12.4

CMA / ARV

• ARV (median comp): $168,848
• List price: $229,000
• Delta: 35.63%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

9.99% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.4%
• Equity multiple: 2.50×
• Total profit: $96,358
• Equity at exit: $206,199

10-year hold

• IRR: 17.1%
• Equity multiple: 5.77×
• Total profit: $306,150
• Equity at exit: $444,567

Cash invested: $64,120 (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 50213

• Home prices YoY: 4.8%
• Active inventory: 52
• Price-to-rent: 12.4×

Monthly cashflow live

• Estimated rent: $1,534 medium
• Mortgage (P&I): −$1,201
• Tax from tax record: −$361 /mo · $4,328/yr
• Insurance: −$95
• HOA: −$0
• Vacancy / Maint / Mgmt: −$322
• Net cashflow: $-445

Break-even live

Break-even rent $2,097

Max offer price $150,410

Occupancy floor —

Sensitivity live

Price	-10% $-315	-5% $-380	+0% $-445	+5% $-510	+10% $-575
Rent	-10% $-566	-5% $-505	+0% $-445	+5% $-384	+10% $-324
Rate	-1.0pp $-330	-0.5pp $-387	base $-445	+0.5pp $-504	+1.0pp $-565

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: $57,250
• Closing costs: $6,870
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-05-07
   status Pending 216-char remark

   Show marketing remark (216 chars)

   Looking for TWO? Check out this townhome - 2 BR and 1 Bath in each unit, attached 1 car garage, cement drive, open floor plan is cozy and comfortable! Patio for each unit, yard is spacious for entertaining or pets!

2. 2026-04-15
   listed $229,000 Active 216-char remark

   Show marketing remark (216 chars)

   Looking for TWO? Check out this townhome - 2 BR and 1 Bath in each unit, attached 1 car garage, cement drive, open floor plan is cozy and comfortable! Patio for each unit, yard is spacious for entertaining or pets!

3. 2014-06-05
   soldstatus $140,000
4. 2014-03-05
   listed $146,000
5. 1993-09-07
   soldstatus $21,000

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

Tax reassessment forecast IA · Partial reset (capped growth)

• Current annual tax: $4,328 · $361/mo
• Projected year-2 tax: $4,328 · $361/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥105°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,412
• − Mortgage interest: −$12,828
• − Property taxes: −$4,328
• − Insurance: −$1,145
• − Repairs & maintenance: −$1,473
• − Management: −$1,473
• − Depreciation: −$6,662
• Taxable loss: −$9,497
• Est. tax savings @ 24.0%: +$2,279
• After-tax cash flow: $-3,059/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: Clarke Community School District
• NCES district ID: 1907410
• Math proficiency: 47% ▼ -8.00%
• Reading proficiency: 58% ▲ 1.00%
• Median HH income: $44,866
• Composite: 44.33/100
• National rank: #2825
• State rank: #275 of 289 in IA

Livability — Osceola

• Score: 74/100
• State rank: #253
• US rank: #4874

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Osceola, IA
• County: Clarke County · 7,489 people
• City population: 7,489
• Metro: nan
• Population (ZIP): 7,489
• Household income: $73,026
• Rent vs Own: 31.2% rent · 68.8% own
• Severe rent burden: 102.0

Population outlook (Clarke County) Hauer SSP2

• Today (2025): 9,307 people
• By 2030: 9,294 · -0.1%
• By 2040: 9,259 · -0.5%
• By 2050: 9,345 · +0.4%
• By 2075: 10,219 · +9.8%
• By 2100: 11,526 · +23.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 20% Two or more races 8%
• Hispanic origin (detail): Mexican 19%
• Common ancestry: Portuguese 2% Iranian 2% Lithuanian 2%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 13% Other Asian/Pacific 1%

Political lean MEDSL · Clarke

• 2024 margin: Solid R (+42.0) · D 28.4% · R 70.4% · Other 1.2%
• 2008→2024 swing: -44.3pp toward R · 2008: 2.2pp · 2024: -42.0pp
• All cycles: 2024: R+42.0 2020: R+35.9 2016: R+28.2 2012: D+1.4 2008: D+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 9.99%
• Current HPI: 216.6704
• Rent YoY: —
• Metro: nan
• 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

+990.5% since first listed

5 events — show timeline

• 2026-05-07 Pending — IAR
• 2026-04-15 Listed $229,000 IAR
• 2014-06-05 Sold (Public Records) $140,000 Public Records
• 2014-03-05 Listed $146,000 NORTHSTARMLS as Distributed by MLS Grid
• 1993-09-07 Sold (Public Records) $21,000 Public Records

Property tax history

+3.0%/yr

Latest (2025): $4,328 · +3.6% YoY. Source: county tax records.