427 Anderson St · Jewell Junction, IA 50130

$175,000

4 bd · 2.0 ba · 2,040 sqft · SingleFamily public records · 38 Days on market

Built 1914 0.44 ac lot $86/sqft · 7% below area Est $188k · 7% under ↓ 5% since listing

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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).

• ARV discount +10.6/15.0
• Cash flow +7.3/30.0
• Schools +6.8/10.0
• Appreciation +6.5/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• DSCR +1.5/10.0

Listing remarks

Step into a piece of Jewell history at 427 Anderson St. , where timeless character and craftsmanship still shine throughout this stunning 1914 stucco home. From the moment you walk into the enclosed porch and through the grand original front door with beveled glass, you'll appreciate the warmth of the dark oak trim, rich hardwood floors, and beautiful original details that make this home truly special. The living room welcomes you with a decorative fireplace flanked by beveled glass cabinets, while two stained glass windows above add even more charm. Colonnades create an elegant transition into the formal dining room featuring decorative wainscoting, a built-in buffet, and a dark oak bench

Key facts

• 0.44 acre lot
• 2 garage spots
• Built 1914

Property features AI

Exterior

• Parking: 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single family residence; Two levels
• Construction: Stucco construction
• Exterior features: Patio; Shed(s); Level lot

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator
• Flooring: Hardwood; Carpet
• Bathrooms: One three-quarter bathroom; Two half bathrooms
• Heating & cooling: Hot water heating; Central air conditioning
• Interior features: Ceiling fan(s); Window treatments; Daylight, unfinished basement
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $-231 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $134k (23.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $129k (26.4% below list).
• Recommended offer: $129k (26.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 80/100 on livability (#81 in IA, #1,683 nationally) — a professional / high-income tenant draw. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F.
• South Hamilton Community School District (rural): math 77% / reading 82% proficiency, ranked #30 of 289 in IA (top 10%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Zoned schools: South Hamilton Elem (math 82% / reading 82%, grade A+, #44 of 616 statewide, top 9%, 362 students, 30% FRL); South Hamilton Middle And High School (math 75% / reading 81%, grade A-, #53 of 336 statewide, top 16%, 328 students, 26% FRL) — zoned schools at 28% FRL track the district average.
• Market conditions: 17 active listings in the ZIP; 29 units permitted in Hamilton County in 2024 (5 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($1k loan paydown + $5k appreciation (3.0% local appreciation)).
• Hamilton County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 6, 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 38 days — a 3% lower offer ($170k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1914 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $128,789 (26.4% 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. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. Built in 1914 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.74% ✗
• Cap rate: 4.71%
• Cash-on-cash: -5.65%
• DSCR: 0.75
• GRM: 11.3

CMA / ARV

• ARV (median comp): $188,073
• List price: $175,000
• Delta: -6.95%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
412 Anderson St	0.04mi	4/1.5	2,000 (-2%)	1mo	$200,000	$100	92
420 Division St	0.10mi	4/2.0	1,840 (-10%)	12mo	$328,000	$178	69
400 Division St	0.13mi	3/2.0 (-1)	1,807 (-11%)	10mo	$230,000	$127	61

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

Projected returns pro-forma

3.04% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 2.4%
• Equity multiple: 1.14×
• Total profit: $6,789
• Equity at exit: $79,068

10-year hold

• IRR: 5.9%
• Equity multiple: 1.91×
• Total profit: $44,403
• Equity at exit: $122,150

Cash invested: $49,000 (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 50130

• Home prices YoY: 1.7%
• Active inventory: 17
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $1,288 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$258 /mo · $3,090/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $-231

Break-even live

Break-even rent $1,580

Max offer price $134,245

Occupancy floor —

Sensitivity live

Price	-10% $-132	-5% $-181	+0% $-231	+5% $-280	+10% $-330
Rent	-10% $-332	-5% $-282	+0% $-231	+5% $-180	+10% $-129
Rate	-1.0pp $-143	-0.5pp $-186	base $-231	+0.5pp $-276	+1.0pp $-322

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-21
   days on market $175,000 Active 38 DOM
2. 2026-06-21
   days on market $175,000 Active 37 DOM
3. 2026-06-18
   days on market $175,000 Active 35 DOM
4. 2026-06-17
   days on market $175,000 Active 34 DOM
5. 2026-06-16
   days on market $175,000 Active 33 DOM
6. 2026-06-15
   days on market $175,000 Active 32 DOM
7. 2026-06-13
   pricedays on market $175,000 Active 30 DOM
8. 2026-06-12
   days on market $179,000 Active 29 DOM
9. 2026-06-09
   days on market $179,000 Active 26 DOM
10. 2026-06-09
    price $179,000 Active 25 DOM
11. 2026-06-08
    days on market $185,000 Active 25 DOM
12. 2026-06-07
    days on market $185,000 Active 24 DOM
13. 2026-06-05
    days on market $185,000 Active 22 DOM
14. 2026-06-04
    days on market $185,000 Active 20 DOM
15. 2026-06-02
    days on market $185,000 Active 19 DOM
16. 2026-06-01
    days on market $185,000 Active 18 DOM
17. 2026-05-31
    days on market $185,000 Active 17 DOM
18. 2026-05-31
    days on market $185,000 Active 16 DOM
19. 2026-05-14
    listed $185,000 Active
20. 2026-05-14
    listed $185,000 Active 1445-char remark

ⓘ 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: $3,090 · $258/mo
• Projected year-2 tax: $3,090 · $258/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 5/10 Major FEMA zone X (unshaded) · 47% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 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: $15,455
• − Mortgage interest: −$9,803
• − Property taxes: −$3,090
• − Insurance: −$875
• − Repairs & maintenance: −$1,236
• − Management: −$1,236
• − Depreciation: −$5,091
• Taxable loss: −$5,877
• Est. tax savings @ 24.0%: +$1,410
• After-tax cash flow: $-1,358/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: South Hamilton Community School District
• NCES district ID: 1926640
• Math proficiency: 77% ▼ -2.00%
• Reading proficiency: 82% ▬ 0.00%
• Median HH income: $58,301
• Composite: 68.02/100
• National rank: #356
• State rank: #30 of 289 in IA

Livability — Jewell Junction

• Score: 80/100
• State rank: #81
• US rank: #1683

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jewell Junction, IA
• Population (ZIP): 1,517

Population outlook (Hamilton County) Hauer SSP2

• Today (2025): 14,602 people
• By 2030: 14,210 · -2.7%
• By 2040: 13,312 · -8.8%
• By 2050: 12,469 · -14.6%
• By 2075: 11,449 · -21.6%
• By 2100: 10,806 · -26.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 4% Two or more races 4% Native American 2% Asian 2%
• Common ancestry: Portuguese 23% Lithuanian 4% Iranian 3%
• Foreign-born: 5% · Canada, China
• Languages at home: 97% English-only · Spanish 3% Other Asian/Pacific 1%

Political lean MEDSL · Hamilton

• 2024 margin: Solid R (+33.3) · D 32.8% · R 66.1% · Other 1.1%
• 2008→2024 swing: -34.6pp toward R · 2008: 1.3pp · 2024: -33.3pp
• All cycles: 2024: R+33.3 2020: R+26.6 2016: R+22.9 2012: R+2.7 2008: D+1.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.04%
• Current HPI: 182.2937
• 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

-5.4% since first listed

6 events — show timeline

• 2026-06-12 Price Changed $175,000 CIBOR
• 2026-06-12 Price Changed $175,000 DMMLS
• 2026-06-08 Price Changed $179,000 CIBOR
• 2026-06-08 Price Changed $179,000 DMMLS
• 2026-05-14 Listed $185,000 DMMLS
• 2026-05-14 Listed $185,000 CIBOR

Property tax history

+4.0%/yr

Latest (2025): $3,090 · +4.1% YoY. Source: county tax records.