322 W Lincoln St · Walcott, IA 52773

$99,500

2 bd · 1.0 ba · 1,700 sqft · SingleFamily public records

Built 1900 9,583 sqft lot ↓ 8% since listing

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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 +21.5/30.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• 1% rule +5.6/10.0
• Schools +3.9/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Solid 2 story home for sale in Walcott, IA! Fantastic, large lot that backs up to a small creek! Across the creek is a park! This home has been owned by the same family since 1949! It's ready for a make-over! The main floor has a large kitchen with a pantry and room for a 2nd pantry or back porch! The main floor also features a formal dining room, good-sized living room and enclosed porch! Upstairs you will find 2 very spacious bedrooms, a large bathroom plus a pull down attic with tons of room for storage! The basement is already outfitted with a 2nd toilet. The 1 car garage has electricity and an automatic garage door opener. This home is being sold "as-is, where is". Priced to

Key facts

• 9,583 sq ft lot
• Garage
• Built 1900

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $150 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).

Location & tenants

• Location reads 72/100 on livability (#310 in IA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Davenport Community School District (urban): math 43% / reading 50% proficiency, ranked #288 of 289 in IA (top 100%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 9 active listings in the ZIP; 805 units permitted in Scott County in 2024 (479 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $688 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Scott County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 0 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $99,500

Questions for the listing agent

1. Built in 1900 — 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 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?
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: 1.06% ✓
• Cap rate: 8.10%
• Cash-on-cash: 6.45%
• DSCR: 1.29
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $299,200
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
322 W Lincoln St	0.00mi	2/1.0	1,700 (0%)	6mo	$92,000	$54	95
344 W Meadow Ln	0.28mi	3/2.0 (+1)	1,690 (-1%)	19mo	$264,990	$157	61
202 E Park View Dr	0.41mi	2/2.0	1,905 (+12%)	20mo	$365,000	$192	41
418 Michelle Ln	0.41mi	3/2.5 (+1)	1,922 (+13%)	10mo	$375,000	$195	40
320 N Century St	0.48mi	3/3.0 (+1)	1,592 (-6%)	22mo	$280,700	$176	35

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

Projected returns pro-forma

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

5-year hold

• IRR: -6.4%
• Equity multiple: 0.76×
• Total profit: $-6,568
• Equity at exit: $14,836

10-year hold

• IRR: 3.3%
• Equity multiple: 1.24×
• Total profit: $6,625
• Equity at exit: $8,603

Cash invested: $27,860 (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 52773

• Home prices YoY: -24.6%
• Active inventory: 9
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,057 medium
• Mortgage (P&I): −$522
• Tax from tax record: −$122 /mo · $1,462/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$222
• Net cashflow: $150

Break-even live

Break-even rent $867

Max offer price $99,500

Occupancy floor 81%

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: $24,875
• Closing costs: $2,985
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-05-24
   status Pending
2. 2026-05-24
   status Pending
3. 2026-05-22
   status Pending
4. 2026-01-08
   status Pending
5. 2026-01-05
   historical
6. 2025-12-24
   status Pending
7. 2025-12-24
   status Pending
8. 2025-12-19
   soldstatus $92,000 Closed
9. 2025-12-19
   soldstatus $92,000 Closed
10. 2025-12-19
    soldstatus $92,000 Closed
11. 2025-12-19
    soldstatus $92,000 Closed
12. 2025-12-19
    soldstatus $92,000 Closed
13. 2025-12-19
    soldstatus $92,000 Closed
14. 2025-12-19
    soldstatus $92,000
15. 2025-12-03
    status Pending
16. 2025-12-02
    historical
17. 2025-12-02
    historical
18. 2025-11-13
    price
19. 2025-10-08
    listed $99,500
20. 2025-10-08
    listed 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: $1,462 · $122/mo
• Projected year-2 tax: $1,512 · $126/mo
• Expected delta: +$50/yr (+$4/mo · 3.4%)

ⓘ 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 ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,682
• − Mortgage interest: −$5,574
• − Property taxes: −$1,462
• − Insurance: −$498
• − Repairs & maintenance: −$1,015
• − Management: −$1,015
• − Depreciation: −$2,895
• Taxable income: $225
• Est. tax owed @ 24.0%: −$54
• After-tax cash flow: $1,744/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: Davenport Community School District
• NCES district ID: 1908580
• Math proficiency: 43% ▼ -11.00%
• Reading proficiency: 50% ▼ -3.00%
• Median HH income: $46,157
• Composite: 39.49/100
• National rank: #3951
• State rank: #288 of 289 in IA

Livability — Walcott

• Score: 72/100
• State rank: #310
• US rank: #6090

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Walcott, IA
• Population (ZIP): 2,668

Population outlook (Scott County) Hauer SSP2

• Today (2025): 188,878 people
• By 2030: 196,648 · +4.1%
• By 2040: 210,860 · +11.6%
• By 2050: 224,359 · +18.8%
• By 2075: 258,884 · +37.1%
• By 2100: 286,447 · +51.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 5% Hispanic / Latino 3% Black 2%
• Common ancestry: Lithuanian 5% Portuguese 4% English 1%
• Foreign-born: 0%

Political lean MEDSL · Scott

• 2024 margin: Toss-up / Even · D 47.3% · R 51.2% · Other 1.4%
• 2008→2024 swing: -18.4pp toward R · 2008: 14.6pp · 2024: -3.9pp
• All cycles: 2024: R+3.9 2020: D+3.5 2016: D+1.4 2012: D+13.8 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -67.34%
• Current HPI: 206.0786
• 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

-7.5% since first listed

20 events — show timeline

• 2026-05-24 Pending — MRED as Distributed by MLS Grid
• 2026-05-24 Pending — MRED as Distributed by MLS Grid
• 2026-05-22 Pending — MRED as Distributed by MLS Grid
• 2026-01-08 Pending — MRED as Distributed by MLS Grid
• 2026-01-05 Listing Removed — MRED as Distributed by MLS Grid
• 2025-12-24 Pending — MRED as Distributed by MLS Grid
• 2025-12-24 Pending — MRED as Distributed by MLS Grid
• 2025-12-19 Sold (Public Records) $92,000 Public Records
• 2025-12-19 Sold (MLS) $92,000 MRED as Distributed by MLS Grid
• 2025-12-19 Sold (MLS) $92,000 MRED as Distributed by MLS Grid
• 2025-12-19 Sold (MLS) $92,000 MRED as Distributed by MLS Grid
• 2025-12-19 Sold (MLS) $92,000 MRED as Distributed by MLS Grid
• 2025-12-19 Sold (MLS) $92,000 MRED as Distributed by MLS Grid
• 2025-12-19 Sold (MLS) $92,000 MRED as Distributed by MLS Grid
• 2025-12-03 Pending — RMLSA as Distributed by MLS Grid
• 2025-12-02 Listing Removed — RMLSA as Distributed by MLS Grid
• 2025-12-02 Listing Removed — MRED as Distributed by MLS Grid
• 2025-11-13 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-10-08 Listed — RMLSA as Distributed by MLS Grid
• 2025-10-08 Listed $99,500 MRED as Distributed by MLS Grid

Property tax history

+0.2%/yr

Latest (2025): $1,462 · +2.0% YoY. Source: county tax records.