114 E Grant St · Osceola, IA 50213

$64,000

2 bd · 1.0 ba · 1,176 sqft · SingleFamily public records · 288 Days on market

Built 1920 10,149 sqft lot $54/sqft · 53% below area

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Why this score? — see what drove the A- 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
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This 2-bedroom, 1-bath home is full of potential and just a short distance from Osceola’s convenient town square. The interior already features several updates, with room for you to add your finishing touches and build instant equity. Enjoy the ease of an attached garage with workspace, a spacious yard perfect for outdoor living, and peace of mind with a newer roof already in place. Whether you’re a first-time buyer, investor, or someone looking for a project with upside, this home is ready to be made yours.

Key facts

• Spacious yard
• Attached garage
• Newer roof

Tags

• ATTACHED GARAGE
• SPACIOUS YARD
• NEWER ROOF

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $64k.

Deal economics

• At list price, monthly cash flow is $456 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $64k).
• Recommended offer: $56k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.8% vs local median 4.2% in Osceola — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#253 in IA, #4,874 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: amenities F, commute F.
• Clarke Community School District (town): math 47% / reading 58% proficiency, ranked #275 of 289 in IA (top 95%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 52 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 125 units permitted in Clarke County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($442 loan paydown + $6k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 288 days — a 12% lower offer ($56k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y ago; this cycle's ask has dropped $61k (49%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $35k; list at $64k implies a 83% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $56,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 288 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.77% ✓
• Cap rate: 14.85%
• Cash-on-cash: 30.55%
• DSCR: 2.36
• GRM: 4.7

CMA / ARV

• ARV (median comp): $136,073
• List price: $64,000
• Delta: -52.97%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
602 S Fillmore St	0.17mi	2/1.0	1,078 (-8%)	1mo	$100,000	$93	78
419 E Grant St	0.30mi	2/1.0	1,080 (-8%)	7mo	$171,000	$158	66
301 E Washington St	0.42mi	3/2.0 (+1)	1,201 (+2%)	7mo	$114,500	$95	62
425 E Ayers St	0.74mi	3/1.0 (+1)	1,136 (-3%)	3mo	$187,500	$165	53
707 S Fillmore St	0.20mi	3/2.0 (+1)	1,350 (+15%)	7mo	$158,000	$117	51
520 S Temple St	0.31mi	3/2.0 (+1)	999 (-15%)	1mo	$205,000	$205	51
321 S Ridge Rd	0.74mi	2/1.5	1,232 (+5%)	6mo	$150,000	$122	51
110 N Osceola St	0.59mi	2/3.0	1,077 (-8%)	0mo	$219,000	$203	50
215 N Lincoln St	0.65mi	3/2.0 (+1)	1,248 (+6%)	3mo	$260,000	$208	48
114 W Ayers St	0.64mi	2/2.0	1,092 (-7%)	8mo	$155,000	$142	47
117 W Logan St	0.73mi	3/1.0 (+1)	1,010 (-14%)	1mo	$160,000	$158	36
321 W Clay St	0.65mi	3/2.0 (+1)	1,008 (-14%)	4mo	$145,000	$144	33

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

Projected returns pro-forma

9.99% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 47.5%
• Equity multiple: 4.57×
• Total profit: $63,896
• Equity at exit: $57,628

10-year hold

• IRR: 41.3%
• Equity multiple: 10.23×
• Total profit: $165,338
• Equity at exit: $124,246

Cash invested: $17,920 (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 50213

• Home prices YoY: 4.8%
• Active inventory: 52
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,132 medium
• Mortgage (P&I): −$336
• Tax from tax record: −$76 /mo · $906/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$238
• Net cashflow: $456

Break-even live

Break-even rent $554

Max offer price $64,000

Occupancy floor 55%

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: $16,000
• Closing costs: $1,920
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
422 S Gustin Unit 1 Osceola, IA	2.0	1.0	750	$300	$0.40	2d	1	0.63mi
113 W Clay St #2 Osceola, IA	2.0	1.0	1008	$995	$0.99	19d	1	0.63mi
502 Wildflower Dr Osceola, IA	3.0	1.0–2.0	1098	$1,152	$1.05	2d	8	1.37mi
332 Wildflower Dr Osceola, IA	3.0	2.0	1240	$1,235	$1.00	2d	3	1.38mi

Listing history 24 events

1. 2026-06-18
   days on market $64,000 Active 288 DOM
2. 2026-06-17
   days on market $64,000 Active 287 DOM
3. 2026-06-16
   days on market $64,000 Active 286 DOM
4. 2026-06-15
   days on market $64,000 Active 285 DOM
5. 2026-06-14
   days on market $64,000 Active 283 DOM
6. 2026-06-13
   days on market $64,000 Active 282 DOM
7. 2026-06-10
   days on market $64,000 Active 280 DOM
8. 2026-06-09
   days on market $64,000 Active 279 DOM
9. 2026-06-08
   days on market $64,000 Active 278 DOM
10. 2026-06-07
    days on market $64,000 Active 277 DOM
11. 2026-06-03
    days on market $64,000 Active 273 DOM
12. 2026-06-02
    days on market $64,000 Active 272 DOM
13. 2026-06-01
    days on market $64,000 Active 271 DOM
14. 2026-05-31
    days on market $64,000 Active 270 DOM
15. 2026-05-31
    days on market $64,000 Active 269 DOM
16. 2026-05-06
    price $69,000 525-char remark

    Show marketing remark (525 chars)

    This 2-bedroom, 1-bath home is full of potential and just a short distance from Osceola’s convenient town square. The interior already features several updates, with room for you to add your finishing touches and build instant equity. Enjoy the ease of an attached garage with workspace, a spacious yard perfect for outdoor living, and peace of mind with a newer roof already in place. Whether you’re a first-time buyer, investor, or someone looking for a project with upside, this home is ready to be made yours.

17. 2026-02-16
    price $85,000 525-char remark

    Show marketing remark (525 chars)

    This 2-bedroom, 1-bath home is full of potential and just a short distance from Osceola’s convenient town square. The interior already features several updates, with room for you to add your finishing touches and build instant equity. Enjoy the ease of an attached garage with workspace, a spacious yard perfect for outdoor living, and peace of mind with a newer roof already in place. Whether you’re a first-time buyer, investor, or someone looking for a project with upside, this home is ready to be made yours.

18. 2026-02-09
    price $95,000 525-char remark

    Show marketing remark (525 chars)

    This 2-bedroom, 1-bath home is full of potential and just a short distance from Osceola’s convenient town square. The interior already features several updates, with room for you to add your finishing touches and build instant equity. Enjoy the ease of an attached garage with workspace, a spacious yard perfect for outdoor living, and peace of mind with a newer roof already in place. Whether you’re a first-time buyer, investor, or someone looking for a project with upside, this home is ready to be made yours.

19. 2026-01-12
    price $105,000 525-char remark

    Show marketing remark (525 chars)

    This 2-bedroom, 1-bath home is full of potential and just a short distance from Osceola’s convenient town square. The interior already features several updates, with room for you to add your finishing touches and build instant equity. Enjoy the ease of an attached garage with workspace, a spacious yard perfect for outdoor living, and peace of mind with a newer roof already in place. Whether you’re a first-time buyer, investor, or someone looking for a project with upside, this home is ready to be made yours.

20. 2025-09-09
    price $115,000 525-char remark

    Show marketing remark (525 chars)

    This 2-bedroom, 1-bath home is full of potential and just a short distance from Osceola’s convenient town square. The interior already features several updates, with room for you to add your finishing touches and build instant equity. Enjoy the ease of an attached garage with workspace, a spacious yard perfect for outdoor living, and peace of mind with a newer roof already in place. Whether you’re a first-time buyer, investor, or someone looking for a project with upside, this home is ready to be made yours.

21. 2025-09-03
    listed $125,000 Active 525-char remark

    Show marketing remark (525 chars)

    This 2-bedroom, 1-bath home is full of potential and just a short distance from Osceola’s convenient town square. The interior already features several updates, with room for you to add your finishing touches and build instant equity. Enjoy the ease of an attached garage with workspace, a spacious yard perfect for outdoor living, and peace of mind with a newer roof already in place. Whether you’re a first-time buyer, investor, or someone looking for a project with upside, this home is ready to be made yours.

22. 2019-09-30
    historical
23. 2019-04-15
    listed $49,995
24. 2016-04-13
    soldstatus $35,000

ⓘ 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: $906 · $76/mo
• Projected year-2 tax: $955 · $80/mo
• Expected delta: +$49/yr (+$4/mo · 5.5%)

ⓘ 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 3/10 Moderate
• 🌡 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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,579
• − Mortgage interest: −$3,585
• − Property taxes: −$906
• − Insurance: −$320
• − Repairs & maintenance: −$1,086
• − Management: −$1,086
• − Depreciation: −$1,862
• Taxable income: $4,733
• Est. tax owed @ 24.0%: −$1,136
• After-tax cash flow: $4,338/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: Clarke Community School District
• NCES district ID: 1907410
• Math proficiency: 47% ▼ -8.00%
• Reading proficiency: 58% ▲ 1.00%
• Median HH income: $44,866
• Composite: 44.33/100
• National rank: #2825
• State rank: #275 of 289 in IA

Livability — Osceola

• Score: 74/100
• State rank: #253
• US rank: #4874

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Osceola, IA
• County: Clarke County · 7,489 people
• City population: 7,489
• Metro: nan
• Population (ZIP): 7,489
• Household income: $73,026
• Rent vs Own: 31.2% rent · 68.8% own
• Severe rent burden: 102.0

Population outlook (Clarke County) Hauer SSP2

• Today (2025): 9,307 people
• By 2030: 9,294 · -0.1%
• By 2040: 9,259 · -0.5%
• By 2050: 9,345 · +0.4%
• By 2075: 10,219 · +9.8%
• By 2100: 11,526 · +23.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 20% Two or more races 8%
• Hispanic origin (detail): Mexican 19%
• Common ancestry: Portuguese 2% Iranian 2% Lithuanian 2%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 13% Other Asian/Pacific 1%

Political lean MEDSL · Clarke

• 2024 margin: Solid R (+42.0) · D 28.4% · R 70.4% · Other 1.2%
• 2008→2024 swing: -44.3pp toward R · 2008: 2.2pp · 2024: -42.0pp
• All cycles: 2024: R+42.0 2020: R+35.9 2016: R+28.2 2012: D+1.4 2008: D+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 9.99%
• Current HPI: 216.6704
• Rent YoY: —
• Metro: nan
• 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

+97.1% since first listed

9 events — show timeline

• 2026-05-06 Price Changed $69,000 DMMLS
• 2026-02-16 Price Changed $85,000 DMMLS
• 2026-02-09 Price Changed $95,000 DMMLS
• 2026-01-12 Price Changed $105,000 DMMLS
• 2025-09-09 Price Changed $115,000 DMMLS
• 2025-09-03 Listed $125,000 DMMLS
• 2019-09-30 Listing Removed — DMMLS
• 2019-04-15 Listed $49,995 DMMLS
• 2016-04-13 Sold (Public Records) $35,000 Public Records

Property tax history

-0.5%/yr

Latest (2025): $906 · +4.1% YoY. Source: county tax records.