1603 10th St · Eldora, IA 50627

$61,000

3 bd · 1.0 ba · 1,350 sqft · SingleFamily public records · 13 Days on market

Built 1900 9,380 sqft lot

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Why this score? — see what drove the B 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +2.0/10.0

Listing remarks MLS

Cute and cozy is the best way to describe this home. A 3 bedroom ranch style home situated on a corner lot close to the city park. One bedroom can be used as a main floor laundry room. The kitchen has an eat-in area. There is a single detached garage and off-road parking. Call Eldora Iowa Realty for a showing today.

Key facts

• Eldora community
• Healthcare
• Schools

Tags

• ELDORA COMMUNITY
• PINE LAKE STATE PARK
• LOCAL SHOPS
• RESTAURANTS
• HEALTHCARE
• SCHOOLS

Property features AI

Exterior

• Parking: Detached one-car garage
• Utilities: Public water; Public sewer
• Home design: Single-story home
• Construction: Wood siding; Shingle (asphalt) roof; Block and stone foundation; Resale condition
• Exterior features: Concrete road access; Residential zoning

Interior

• Bedrooms: Three main-level bedrooms
• Flooring: Hardwood
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Gas heating
• Interior features: Dining area; Hardwood flooring; Unfinished basement; One fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $61k.

Deal economics

• At list price, monthly cash flow is $444 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $61k).

Location & tenants

• Location reads 71/100 on livability (#336 in IA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Eldora-New Providence Community School District (rural): math 60% / reading 66% proficiency, ranked #217 of 289 in IA (top 75%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 29 active listings in the ZIP; 6 units permitted in Hardin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $422 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Hardin County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 7y ago; this cycle's ask has dropped $8k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $33k; list at $61k implies a 85% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $61,000

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. Crime grade is F 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?
5. 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.
6. 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.
7. 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: 1.80% ✓
• Cap rate: 15.03%
• Cash-on-cash: 31.19%
• DSCR: 2.39
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $129,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1809 11th St	0.18mi	4/1.5 (+1)	1,340 (-1%)	1mo	$143,000	$107	83
1407 18th Ave	0.33mi	2/1.0 (-1)	1,336 (-1%)	7mo	$77,000	$58	72
2004 12th St	0.31mi	3/2.0	1,360 (+1%)	10mo	$150,000	$110	72
1702 Washington St	0.23mi	3/1.5	1,464 (+8%)	4mo	$120,000	$82	70
1101 18th Ave	0.17mi	3/1.0	1,412 (+5%)	18mo	$75,000	$53	70
1818 12th St	0.24mi	3/1.5	1,151 (-15%)	14mo	$130,000	$113	50
1301 6th St	0.34mi	2/2.0 (-1)	1,160 (-14%)	2mo	$56,000	$48	50
1118 8th Ave	0.56mi	2/1.0 (-1)	1,244 (-8%)	13mo	$85,000	$68	45
1513 16th Ave	0.38mi	2/2.0 (-1)	1,512 (+12%)	18mo	$166,000	$110	39
706 12th St	0.58mi	2/2.0 (-1)	1,169 (-13%)	4mo	$90,000	$77	38
1606 3rd St Pl	0.51mi	3/3.0	1,536 (+14%)	8mo	$148,000	$96	38
806 12th St	0.53mi	3/2.0	1,546 (+14%)	17mo	$158,000	$102	33

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: 26.0%
• Equity multiple: 2.08×
• Total profit: $18,409
• Equity at exit: $9,095

10-year hold

• IRR: 33.7%
• Equity multiple: 4.07×
• Total profit: $52,508
• Equity at exit: $5,274

Cash invested: $17,080 (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 50627

• Home prices YoY: -3.7%
• Active inventory: 29
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,096 medium
• Mortgage (P&I): −$320
• Tax est. 1.5%: −$76 /mo · $915/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$230
• Net cashflow: $444

Break-even live

Break-even rent $534

Max offer price $61,000

Occupancy floor 54%

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: $15,250
• Closing costs: $1,830
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-18
   days on market $61,000 Active 13 DOM
2. 2026-06-17
   price $61,000 Active 12 DOM
3. 2026-06-17
   days on market $69,000 Active 12 DOM
4. 2026-06-16
   days on market $69,000 Active 11 DOM
5. 2026-06-15
   days on market $69,000 Active 10 DOM
6. 2026-06-13
   days on market $69,000 Active 8 DOM
7. 2026-06-12
   days on market $69,000 Active 7 DOM
8. 2026-06-09
   days on market $69,000 Active 4 DOM
9. 2026-06-08
   days on market $69,000 Active 3 DOM
10. 2026-06-07
    days on market $69,000 Active 2 DOM
11. 2026-06-07
    remarks 699-char remark
12. 2026-06-07
    listed $69,000 Active 1 DOM

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,147
• − Mortgage interest: −$3,417
• − Property taxes: −$915
• − Insurance: −$305
• − Repairs & maintenance: −$1,052
• − Management: −$1,052
• − Depreciation: −$1,775
• Taxable income: $4,632
• Est. tax owed @ 24.0%: −$1,112
• After-tax cash flow: $4,216/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: Eldora-New Providence Community School District
• NCES district ID: 1910690
• Math proficiency: 60% ▬ 0.00%
• Reading proficiency: 66% ▲ 1.00%
• Median HH income: $48,655
• Composite: 53.42/100
• National rank: #1470
• State rank: #217 of 289 in IA

Livability — Eldora

• Score: 71/100
• State rank: #336
• US rank: #6849

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Eldora, IA
• City population: 3,431
• Population (ZIP): 3,431

Population outlook (Hardin County) Hauer SSP2

• Today (2025): 17,474 people
• By 2030: 17,369 · -0.6%
• By 2040: 17,018 · -2.6%
• By 2050: 16,454 · -5.8%
• By 2075: 14,665 · -16.1%
• By 2100: 12,404 · -29.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 5% Asian 3% Black 2% Hispanic / Latino 1%
• Common ancestry: Portuguese 4% Iranian 3% Slovak 3%
• Foreign-born: 3% · Vietnam
• Languages at home: 95% English-only · Vietnamese 1% Arabic 1% Spanish 1%

Political lean MEDSL · Hardin

• 2024 margin: Solid R (+38.4) · D 30.3% · R 68.7% · Other 1.1%
• 2008→2024 swing: -39.3pp toward R · 2008: 0.9pp · 2024: -38.4pp
• All cycles: 2024: R+38.4 2020: R+32.0 2016: R+29.2 2012: R+7.1 2008: D+0.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -5.92%
• Current HPI: 155.9198
• 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

+92.2% since first listed

5 events — show timeline

• 2026-06-04 Listed $69,000 DMMLS
• 2020-04-06 Sold (MLS) $33,000 IAR
• 2020-04-02 Sold (MLS) $33,000 IAR
• 2020-02-10 Listed $35,900 IAR
• 2019-10-25 Listed $35,900 IAR

Property tax history

-24.3%/yr

Latest (2025): $10 · -93.6% YoY. Source: county tax records.