512 N D St · Albia, IA 52531

$175,000

5 bd · 1.5 ba · 2,094 sqft · Other · 12 Days on market

Built 1900 0.68 ac lot

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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).

• Appreciation +10.0/10.0
• Cash flow +7.8/30.0
• ARV discount +7.5/15.0
• Schools +6.1/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• DSCR +1.9/10.0

Listing remarks MLS

This two-story home built in 1900 is oozing with character and charm that you have to tour to fully appreciate! During your tour, you’ll appreciate the cozy living area and bright & airy formal dining room all accented with beautiful hardwood floors, some arched doorways, and many windows offering an abundance of natural light. The formal dining room seamlessly flows into the functional kitchen featuring built in double ovens, a cooktop, and newer refrigerator and microwave. The main floor is also home to a bedroom, ½ bathroom with a stunning hand-crafted floor, and a versatile bonus room that can easily transform into a home gym, office, game room, or whatever suits your needs. The character and charm continue with the staircase as you travel to the second story. On the upper level you’ll find three generously sized bedrooms, a sizeable full bathroom with an oversized vanity, and a conveniently located laundry area. The basement is home to storage and utilities. An added bonus to this home is the sunroom located off the kitchen and mudroom. This space offers options for storage, relaxing, and much more. The exterior boasts a newer roof and siding, beautiful front porch, and don’t overlook the great yard space. The property’s fantastic location on Highway 5 and just north of the Highway 5 & 137 really rounds out the many great features of this Albia home for sale. * Note – the cabinet doors in the main floor bathroom will be replaced as the originals will go with the seller.

Key facts

• Second-floor laundry
• Country style living
• Double ovens

Tags

• HARDWOOD FLOORS
• DOUBLE OVENS
• BRIGHT SUNROOM
• SECOND-FLOOR LAUNDRY
• COUNTRY STYLE LIVING

Property features AI

Finance

• Other: Lot about 0.68 acres; Annual taxes listed

Exterior

• Utilities: Public water; Public sewer
• Home design: 2-story residence; Resale property
• Construction: Asphalt shingle roof
• Exterior features: Residential zoning

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Stove
• Bedrooms: 2 main-level bedrooms
• Flooring: Hardwood flooring; Laminate flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Crawl space basement
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 5-bed/1.5-bath other listed at $175k.

Deal economics

• At list price, monthly cash flow is $-192 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $141k (19.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $130k (25.5% below list).
• Recommended offer: $130k (25.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 73/100 on livability (#265 in IA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D+, employment D+, amenities F.
• Albia Community School District (town): math 68% / reading 77% proficiency, ranked #117 of 289 in IA (top 40%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Zoned schools: Lincoln Center (math 66% / reading 69%, grade B+, #270 of 616 statewide, top 44%, 293 students, 42% FRL); Albia Middle School (math 72% / reading 82%, grade A, #52 of 246 statewide, top 22%, 164 students, 40% FRL); Albia High School (math 68% / reading 83%, grade A-, #79 of 336 statewide, top 25%, 374 students, 38% FRL).
• Market conditions: 30 active listings in the ZIP; 13 units permitted in Monroe County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $19k of equity ($1k loan paydown + $18k appreciation (10.0% local appreciation)).
• By year 2, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 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.
• Current owner paid $150k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

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

Recommended offer $130,292 (25.5% 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. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 4.97%
• Cash-on-cash: -4.71%
• DSCR: 0.79
• GRM: 11.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.9%
• Equity multiple: 2.70×
• Total profit: $83,087
• Equity at exit: $157,654

10-year hold

• IRR: 19.0%
• Equity multiple: 6.19×
• Total profit: $254,365
• Equity at exit: $339,987

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 52531

• Home prices YoY: 23.6%
• Active inventory: 30
• Price-to-rent: 11.2×

Monthly cashflow live

• Estimated rent: $1,303 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$231 /mo · $2,772/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $-192

Break-even live

Break-even rent $1,546

Max offer price $141,024

Occupancy floor —

Sensitivity live

Price	-10% $-93	-5% $-143	+0% $-192	+5% $-242	+10% $-291
Rent	-10% $-295	-5% $-244	+0% $-192	+5% $-141	+10% $-89
Rate	-1.0pp $-104	-0.5pp $-148	base $-192	+0.5pp $-238	+1.0pp $-284

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 10 events

1. 2026-06-21
   days on market $175,000 Active 12 DOM
2. 2026-06-21
   days on market $175,000 Active 11 DOM
3. 2026-06-18
   days on market $175,000 Active 9 DOM
4. 2026-06-17
   days on market $175,000 Active 8 DOM
5. 2026-06-16
   days on market $175,000 Active 7 DOM
6. 2026-06-15
   days on market $175,000 Active 6 DOM
7. 2026-06-13
   days on market $175,000 Active 4 DOM
8. 2026-06-12
   days on market $175,000 Active 3 DOM
9. 2026-06-09
   remarks 699-char remark
10. 2026-06-09
    listed $175,000 Active 1 DOM

ⓘ 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: $2,772 · $231/mo
• Projected year-2 tax: $2,772 · $231/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 2/10 Low
• 🌡 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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,635
• − Mortgage interest: −$9,803
• − Property taxes: −$2,772
• − Insurance: −$875
• − Repairs & maintenance: −$1,251
• − Management: −$1,251
• − Depreciation: −$5,091
• Taxable loss: −$5,407
• Est. tax savings @ 24.0%: +$1,298
• After-tax cash flow: $-1,010/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: Albia Community School District
• NCES district ID: 1903270
• Math proficiency: 68% ▼ -9.00%
• Reading proficiency: 77% ▬ 0.00%
• Median HH income: $44,429
• Composite: 60.88/100
• National rank: #814
• State rank: #117 of 289 in IA

Livability — Albia

• Score: 73/100
• State rank: #265
• US rank: #5139

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Albia, IA
• City population: 5,885
• Population (ZIP): 5,885

Population outlook (Monroe County) Hauer SSP2

• Today (2025): 7,921 people
• By 2030: 7,918 · +-0.0%
• By 2040: 7,873 · -0.6%
• By 2050: 7,776 · -1.8%
• By 2075: 7,556 · -4.6%
• By 2100: 7,055 · -10.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 4% Asian 1%
• Common ancestry: Iranian 4% Scotch-Irish 2% Italian 2%
• Foreign-born: 2% · Vietnam
• Languages at home: 97% English-only · German/W. Germanic 1% Spanish 1% Other Asian/Pacific 1%

Political lean MEDSL · Monroe

• 2024 margin: Solid R (+50.7) · D 24.2% · R 74.9%
• 2008→2024 swing: -45.5pp toward R · 2008: -5.2pp · 2024: -50.7pp
• All cycles: 2024: R+50.7 2020: R+46.4 2016: R+41.2 2012: R+7.7 2008: R+5.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 60.82%
• Current HPI: 318.4427
• 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

+112.1% since first listed

10 events — show timeline

• 2026-06-09 Listed $175,000 DMMLS
• 2025-05-07 Sold (MLS) $150,000 DMMLS
• 2025-05-07 Listing Removed — DMMLS
• 2025-05-07 Listed $150,000 DMMLS
• 2025-05-06 Sold (Public Records) $150,000 Public Records
• 2025-05-01 Sold (MLS) $150,000 IAR
• 2025-04-21 Pending — IAR
• 2025-03-24 Contingent — IAR
• 2025-03-17 Listed $150,000 IAR
• 2007-03-12 Sold (Public Records) $82,500 Public Records

Property tax history

+4.1%/yr

Latest (2025): $2,772 · +11.6% YoY. Source: county tax records.