208 Orange Dr · New Providence, IA 50206

$69,900

2 bd · 1.0 ba · 1,160 sqft · SingleFamily public records · 30 Days on market

Built 1918 0.35 ac 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
• DSCR +10.0/10.0
• 1% rule +9.1/10.0
• ARV discount +7.5/15.0
• Appreciation +5.4/10.0
• Schools +5.3/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to this charming 3-bedroom, 1-bath home nestled in the quiet community of New Providence. From the moment you arrive, you’ll appreciate the small-town setting, spacious lot, and incredible 3-stall garage that offers plenty of room for vehicles, hobbies, and storage. Inside, the home features a traditional layout with a formal dining room and a comfortable living room—perfect for gatherings, holidays, or everyday living. A bright sunroom provides a cozy spot to relax with your morning coffee or unwind at the end of the day while enjoying views of the yard. Convenience is key with the main-level laundry room, which also offers abundant storage to help keep everything organized. Step outside to the expansive backyard, where there is ample space for play, gardening, entertaining, or simply enjoying the outdoors. If you’ve been looking for a well-cared-for home with character, functional space, and a great lot in a welcoming small town, this New Providence property is one you won’t want to miss!

Key facts

• 3 stall garage
• Formal dining room
• Expansive backyard

Tags

• 3 STALL GARAGE
• FORMAL DINING ROOM
• COMFORTABLE LIVING ROOM
• BRIGHT SUNROOM
• MAIN LEVEL LAUNDRY ROOM
• EXPANSIVE BACKYARD

Property features AI

Exterior

• Parking: Detached carport with 3 carport spaces
• Utilities: Public water; Public sewer; Electric water heater
• Home design: Single-family residence; Single-story
• Construction: Vinyl siding; Shingle roof; Built on traditional foundation (basement present)
• Exterior features: Concrete road access

Interior

• Kitchen: Microwave, Free-Standing Range, Refrigerator, Dishwasher not listed
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Dryer, Washer, Microwave, Free-Standing Range, Refrigerator, Electric water heater; Basement with interior entry, block construction and sump pump; No fireplace
• Laundry & utility: Dedicated laundry room; Dryer and Washer included

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $359 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($987 rent vs $70k).
• Recommended offer: $69k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 60/100 on livability (#819 in IA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing B+; Watch: amenities F, commute F, health & safety D-.
• 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.
• Zoned schools: South Hardin High School (math 57% / reading 72%, grade B-, #211 of 336 statewide, top 70%, 242 students, 43% FRL) — zoned schools at 43% FRL track the district average.
• Market conditions: 3 active listings in the ZIP; 6 units permitted in Hardin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($483 loan paydown + $548 appreciation (0.8% local appreciation)).
• Hardin County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (0.8% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($69k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1918 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $68,851 (1.5% below list)

Questions for the listing agent

1. Built in 1918 — 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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.41% ✓
• Cap rate: 12.46%
• Cash-on-cash: 22.04%
• DSCR: 1.98
• GRM: 5.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.78% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.7%
• Equity multiple: 2.20×
• Total profit: $23,446
• Equity at exit: $23,082

10-year hold

• IRR: 26.8%
• Equity multiple: 4.17×
• Total profit: $62,034
• Equity at exit: $30,079

Cash invested: $19,572 (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 50206

• Home prices YoY: 0.7%
• Active inventory: 3
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $987 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$25 /mo · $296/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$207
• Net cashflow: $359

Break-even live

Break-even rent $532

Max offer price $69,900

Occupancy floor 59%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $69,900 Active 30 DOM
2. 2026-06-17
   days on market $69,900 Active 29 DOM
3. 2026-06-16
   days on market $69,900 Active 28 DOM
4. 2026-06-15
   days on market $69,900 Active 27 DOM
5. 2026-06-13
   days on market $69,900 Active 25 DOM
6. 2026-06-12
   days on market $69,900 Active 24 DOM
7. 2026-06-09
   days on market $69,900 Active 21 DOM
8. 2026-06-08
   days on market $69,900 Active 20 DOM
9. 2026-06-07
   days on market $69,900 Active 19 DOM
10. 2026-06-07
    pricedays on market $69,900 Active 18 DOM
11. 2026-06-04
    days on market $79,900 Active 15 DOM
12. 2026-06-02
    days on market $79,900 Active 14 DOM
13. 2026-06-01
    days on market $79,900 Active 13 DOM
14. 2026-05-31
    days on market $79,900 Active 12 DOM
15. 2026-05-31
    days on market $79,900 Active 11 DOM
16. 2026-05-19
    listed $79,900 Active

    Show marketing remark (1037 chars)

    Welcome to this charming 3-bedroom, 1-bath home nestled in the quiet community of New Providence. From the moment you arrive, you’ll appreciate the small-town setting, spacious lot, and incredible 3-stall garage that offers plenty of room for vehicles, hobbies, and storage. Inside, the home features a traditional layout with a formal dining room and a comfortable living room—perfect for gatherings, holidays, or everyday living. A bright sunroom provides a cozy spot to relax with your morning coffee or unwind at the end of the day while enjoying views of the yard. Convenience is key with the main-level laundry room, which also offers abundant storage to help keep everything organized. Step outside to the expansive backyard, where there is ample space for play, gardening, entertaining, or simply enjoying the outdoors. If you’ve been looking for a well-cared-for home with character, functional space, and a great lot in a welcoming small town, this New Providence property is one you won’t want to miss!

17. 2026-05-19
    listed $79,900 Active 1037-char remark

    Show marketing remark (1037 chars)

    Welcome to this charming 3-bedroom, 1-bath home nestled in the quiet community of New Providence. From the moment you arrive, you’ll appreciate the small-town setting, spacious lot, and incredible 3-stall garage that offers plenty of room for vehicles, hobbies, and storage. Inside, the home features a traditional layout with a formal dining room and a comfortable living room—perfect for gatherings, holidays, or everyday living. A bright sunroom provides a cozy spot to relax with your morning coffee or unwind at the end of the day while enjoying views of the yard. Convenience is key with the main-level laundry room, which also offers abundant storage to help keep everything organized. Step outside to the expansive backyard, where there is ample space for play, gardening, entertaining, or simply enjoying the outdoors. If you’ve been looking for a well-cared-for home with character, functional space, and a great lot in a welcoming small town, this New Providence property is one you won’t want to miss!

ⓘ 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: $296 · $25/mo
• Projected year-2 tax: $697 · $58/mo
• Expected delta: +$401/yr (+$33/mo · 135.4%)

ⓘ 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 2/10 Low 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: $11,846
• − Mortgage interest: −$3,915
• − Property taxes: −$296
• − Insurance: −$350
• − Repairs & maintenance: −$948
• − Management: −$948
• − Depreciation: −$2,033
• Taxable income: $3,356
• Est. tax owed @ 24.0%: −$805
• After-tax cash flow: $3,508/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 — New Providence

• Score: 60/100
• State rank: #819
• US rank: #18852

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Providence, IA
• Population (ZIP): 460

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 (97%)
• Race & ethnicity: White 97% Two or more races 2%
• Common ancestry: Portuguese 23% Serbian 8% Lithuanian 1%
• Foreign-born: 1%
• Languages at home: 99% English-only · Tagalog/Filipino 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: ▲ 0.78%
• Current HPI: 116.7217
• 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

+0.0% since first listed

2 events — show timeline

• 2026-05-19 Listed $79,900 IAR
• 2026-05-19 Listed $79,900 NEIRBR as distributed by MLS GRID

Property tax history

-1.3%/yr

Latest (2025): $296 · -24.5% YoY. Source: county tax records.