707 E 6th St · Wellsburg, IA 50680

$95,500

2 bd · 1.0 ba · 868 sqft · SingleFamily public records · 163 Days on market

Built 1920 6,500 sqft lot $110/sqft · at area comps Est $93k · at est.

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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 +18.4/30.0
• ARV discount +6.3/15.0
• Appreciation +6.2/10.0
• DSCR +5.8/10.0
• Schools +5.5/10.0
• 1% rule +4.1/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to 707 E 6th St, a charming updated 3-bedroom, 1-bath home that's ready for you to move right in! This home features a freshly remodeled interior with modern finishes throughout. The bright and inviting kitchen is equipped with brand-new appliances, making cooking a breeze. Enjoy outdoor living with a newly built deck off the front, perfect for relaxing or entertaining guests. The home also includes a convenient 1-stall detached garage for extra storage or parking. With its recent updates and charming character, this home offers comfort and style in a fantastic location. Don't miss out – schedule your showing today!

Key facts

• Remodeled interior
• Bright kitchen
• New appliances

Tags

• REMODELED INTERIOR
• BRIGHT KITCHEN
• NEW APPLIANCES
• NEWLY BUILT DECK
• DETACHED GARAGE
• FANTASTIC LOCATION

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $96k.

Deal economics

• At list price, monthly cash flow is $89 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $86k (9.4% below list).
• Recommended offer: $84k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 70/100 on livability (#359 in IA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools A; Watch: employment D+, amenities F, commute F.
• Agwsr Community School District (rural): math 60% / reading 69% proficiency, ranked #198 of 289 in IA (top 68%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 19 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 14 units permitted in Grundy County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($660 loan paydown + $2k appreciation (2.4% local appreciation)).
• At projected returns (2.4% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 163 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 11y ago; this cycle's ask has dropped $14k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $75k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

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

Recommended offer $84,040 (12.0% below list)

Questions for the listing agent

1. It's been on market 163 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. 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?
6. 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.
7. 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.
8. 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: 0.91% ✗
• Cap rate: 7.41%
• Cash-on-cash: 3.99%
• DSCR: 1.18
• GRM: 9.2

CMA / ARV

• ARV (median comp): $93,044
• List price: $95,500
• Delta: 2.64%
• Verdict: FAIR
• Comps: 15 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
804 S Jefferson St	0.24mi	2/2.0	896 (+3%)	3mo	$153,500	$171	77
201 W 4th St	0.38mi	2/1.0	838 (-4%)	8mo	$115,500	$138	70
209 W 4th St	0.36mi	2/1.0	840 (-3%)	16mo	$42,500	$51	64
115 W 4th St	0.54mi	2/2.0	864 (-0%)	12mo	$173,600	$201	60

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

Projected returns pro-forma

2.38% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 9.5%
• Equity multiple: 1.53×
• Total profit: $14,057
• Equity at exit: $39,661

10-year hold

• IRR: 12.3%
• Equity multiple: 2.72×
• Total profit: $46,016
• Equity at exit: $58,686

Cash invested: $26,740 (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 50680

• Home prices YoY: 1.4%
• Active inventory: 19
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $865 medium
• Mortgage (P&I): −$501
• Tax from tax record: −$54 /mo · $646/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$182
• Net cashflow: $89

Break-even live

Break-even rent $752

Max offer price $95,500

Occupancy floor 85%

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: $23,875
• Closing costs: $2,865
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
201 2nd St Wellsburg, IA	2.0	1.0	878	$865	$0.99	43d	1	0.45mi

Listing history 26 events

1. 2026-06-18
   days on market $95,500 Active 163 DOM
2. 2026-06-17
   days on market $95,500 Active 162 DOM
3. 2026-06-17
   status $95,500 Active 161 DOM
4. 2026-06-03
   status $95,500 Pending 161 DOM
5. 2026-06-02
   days on market $95,500 Active 161 DOM
6. 2026-06-01
   days on market $95,500 Active 160 DOM
7. 2026-05-31
   days on market $95,500 Active 159 DOM
8. 2026-05-31
   days on market $95,500 Active 158 DOM
9. 2026-05-08
   price $95,500 637-char remark

   Show marketing remark (637 chars)

   Welcome to 707 E 6th St, a charming updated 3-bedroom, 1-bath home that's ready for you to move right in! This home features a freshly remodeled interior with modern finishes throughout. The bright and inviting kitchen is equipped with brand-new appliances, making cooking a breeze. Enjoy outdoor living with a newly built deck off the front, perfect for relaxing or entertaining guests. The home also includes a convenient 1-stall detached garage for extra storage or parking. With its recent updates and charming character, this home offers comfort and style in a fantastic location. Don't miss out – schedule your showing today!

10. 2026-05-08
    price $95,500 637-char remark

    Show marketing remark (637 chars)

    Welcome to 707 E 6th St, a charming updated 3-bedroom, 1-bath home that's ready for you to move right in! This home features a freshly remodeled interior with modern finishes throughout. The bright and inviting kitchen is equipped with brand-new appliances, making cooking a breeze. Enjoy outdoor living with a newly built deck off the front, perfect for relaxing or entertaining guests. The home also includes a convenient 1-stall detached garage for extra storage or parking. With its recent updates and charming character, this home offers comfort and style in a fantastic location. Don't miss out – schedule your showing today!

11. 2026-04-15
    price $100,500 637-char remark

    Show marketing remark (637 chars)

    Welcome to 707 E 6th St, a charming updated 3-bedroom, 1-bath home that's ready for you to move right in! This home features a freshly remodeled interior with modern finishes throughout. The bright and inviting kitchen is equipped with brand-new appliances, making cooking a breeze. Enjoy outdoor living with a newly built deck off the front, perfect for relaxing or entertaining guests. The home also includes a convenient 1-stall detached garage for extra storage or parking. With its recent updates and charming character, this home offers comfort and style in a fantastic location. Don't miss out – schedule your showing today!

12. 2026-04-15
    price $100,500 637-char remark

    Show marketing remark (637 chars)

    Welcome to 707 E 6th St, a charming updated 3-bedroom, 1-bath home that's ready for you to move right in! This home features a freshly remodeled interior with modern finishes throughout. The bright and inviting kitchen is equipped with brand-new appliances, making cooking a breeze. Enjoy outdoor living with a newly built deck off the front, perfect for relaxing or entertaining guests. The home also includes a convenient 1-stall detached garage for extra storage or parking. With its recent updates and charming character, this home offers comfort and style in a fantastic location. Don't miss out – schedule your showing today!

13. 2026-01-26
    status Active 637-char remark

    Show marketing remark (637 chars)

    Welcome to 707 E 6th St, a charming updated 3-bedroom, 1-bath home that's ready for you to move right in! This home features a freshly remodeled interior with modern finishes throughout. The bright and inviting kitchen is equipped with brand-new appliances, making cooking a breeze. Enjoy outdoor living with a newly built deck off the front, perfect for relaxing or entertaining guests. The home also includes a convenient 1-stall detached garage for extra storage or parking. With its recent updates and charming character, this home offers comfort and style in a fantastic location. Don't miss out – schedule your showing today!

14. 2026-01-26
    status Active 637-char remark

    Show marketing remark (637 chars)

    Welcome to 707 E 6th St, a charming updated 3-bedroom, 1-bath home that's ready for you to move right in! This home features a freshly remodeled interior with modern finishes throughout. The bright and inviting kitchen is equipped with brand-new appliances, making cooking a breeze. Enjoy outdoor living with a newly built deck off the front, perfect for relaxing or entertaining guests. The home also includes a convenient 1-stall detached garage for extra storage or parking. With its recent updates and charming character, this home offers comfort and style in a fantastic location. Don't miss out – schedule your showing today!

15. 2026-01-26
    historical Active Under Contract 637-char remark

    Show marketing remark (637 chars)

    Welcome to 707 E 6th St, a charming updated 3-bedroom, 1-bath home that's ready for you to move right in! This home features a freshly remodeled interior with modern finishes throughout. The bright and inviting kitchen is equipped with brand-new appliances, making cooking a breeze. Enjoy outdoor living with a newly built deck off the front, perfect for relaxing or entertaining guests. The home also includes a convenient 1-stall detached garage for extra storage or parking. With its recent updates and charming character, this home offers comfort and style in a fantastic location. Don't miss out – schedule your showing today!

16. 2026-01-26
    status Pending 637-char remark

    Show marketing remark (637 chars)

    Welcome to 707 E 6th St, a charming updated 3-bedroom, 1-bath home that's ready for you to move right in! This home features a freshly remodeled interior with modern finishes throughout. The bright and inviting kitchen is equipped with brand-new appliances, making cooking a breeze. Enjoy outdoor living with a newly built deck off the front, perfect for relaxing or entertaining guests. The home also includes a convenient 1-stall detached garage for extra storage or parking. With its recent updates and charming character, this home offers comfort and style in a fantastic location. Don't miss out – schedule your showing today!

17. 2026-01-26
    price $105,900 637-char remark

    Show marketing remark (637 chars)

    Welcome to 707 E 6th St, a charming updated 3-bedroom, 1-bath home that's ready for you to move right in! This home features a freshly remodeled interior with modern finishes throughout. The bright and inviting kitchen is equipped with brand-new appliances, making cooking a breeze. Enjoy outdoor living with a newly built deck off the front, perfect for relaxing or entertaining guests. The home also includes a convenient 1-stall detached garage for extra storage or parking. With its recent updates and charming character, this home offers comfort and style in a fantastic location. Don't miss out – schedule your showing today!

18. 2026-01-26
    price $105,900 637-char remark

    Show marketing remark (637 chars)

    Welcome to 707 E 6th St, a charming updated 3-bedroom, 1-bath home that's ready for you to move right in! This home features a freshly remodeled interior with modern finishes throughout. The bright and inviting kitchen is equipped with brand-new appliances, making cooking a breeze. Enjoy outdoor living with a newly built deck off the front, perfect for relaxing or entertaining guests. The home also includes a convenient 1-stall detached garage for extra storage or parking. With its recent updates and charming character, this home offers comfort and style in a fantastic location. Don't miss out – schedule your showing today!

19. 2025-12-22
    listed $109,900 Active 637-char remark

    Show marketing remark (637 chars)

    Welcome to 707 E 6th St, a charming updated 3-bedroom, 1-bath home that's ready for you to move right in! This home features a freshly remodeled interior with modern finishes throughout. The bright and inviting kitchen is equipped with brand-new appliances, making cooking a breeze. Enjoy outdoor living with a newly built deck off the front, perfect for relaxing or entertaining guests. The home also includes a convenient 1-stall detached garage for extra storage or parking. With its recent updates and charming character, this home offers comfort and style in a fantastic location. Don't miss out – schedule your showing today!

20. 2025-12-22
    listed $109,900 Active 637-char remark

    Show marketing remark (637 chars)

    Welcome to 707 E 6th St, a charming updated 3-bedroom, 1-bath home that's ready for you to move right in! This home features a freshly remodeled interior with modern finishes throughout. The bright and inviting kitchen is equipped with brand-new appliances, making cooking a breeze. Enjoy outdoor living with a newly built deck off the front, perfect for relaxing or entertaining guests. The home also includes a convenient 1-stall detached garage for extra storage or parking. With its recent updates and charming character, this home offers comfort and style in a fantastic location. Don't miss out – schedule your showing today!

21. 2025-03-13
    soldstatus $75,000
22. 2025-03-06
    soldstatus $75,000 Closed
23. 2025-01-30
    status Pending
24. 2024-11-25
    listed $84,900 Active
25. 2016-12-01
    soldstatus $12,500
26. 2015-12-21
    listed $24,500

ⓘ 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: $646 · $54/mo
• Projected year-2 tax: $1,073 · $89/mo
• Expected delta: +$427/yr (+$36/mo · 66.0%)

ⓘ 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 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: $10,380
• − Mortgage interest: −$5,349
• − Property taxes: −$646
• − Insurance: −$478
• − Repairs & maintenance: −$830
• − Management: −$830
• − Depreciation: −$2,778
• Taxable loss: −$532
• Est. tax savings @ 24.0%: +$128
• After-tax cash flow: $1,195/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: Agwsr Community School District
• NCES district ID: 1903060
• Math proficiency: 60% ▼ -9.00%
• Reading proficiency: 69% ▼ -1.00%
• Median HH income: $51,863
• Composite: 54.95/100
• National rank: #1304
• State rank: #198 of 289 in IA

Livability — Wellsburg

• Score: 70/100
• State rank: #359
• US rank: #7523

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wellsburg, IA
• Population (ZIP): 1,077

Population outlook (Grundy County) Hauer SSP2

• Today (2025): 12,452 people
• By 2030: 12,452 · +0.0%
• By 2040: 12,437 · -0.1%
• By 2050: 12,370 · -0.7%
• By 2075: 12,495 · +0.3%
• By 2100: 11,823 · -5.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (98%)
• Race & ethnicity: White 98%
• Common ancestry: Iranian 3% Lithuanian 3% Portuguese 2%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · German/W. Germanic 2% Spanish 1%

Political lean MEDSL · Grundy

• 2024 margin: Solid R (+41.8) · D 28.3% · R 70.1% · Other 1.6%
• 2008→2024 swing: -24.9pp toward R · 2008: -16.9pp · 2024: -41.8pp
• All cycles: 2024: R+41.8 2020: R+37.4 2016: R+39.5 2012: R+23.1 2008: R+16.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.38%
• Current HPI: 174.2664
• 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

+289.8% since first listed

18 events — show timeline

• 2026-05-08 Price Changed $95,500 NEIRBR as distributed by MLS GRID
• 2026-05-08 Price Changed $95,500 IAR
• 2026-04-15 Price Changed $100,500 NEIRBR as distributed by MLS GRID
• 2026-04-15 Price Changed $100,500 IAR
• 2026-01-26 Relisted — IAR
• 2026-01-26 Relisted — NEIRBR as distributed by MLS GRID
• 2026-01-26 Contingent — IAR
• 2026-01-26 Pending — NEIRBR as distributed by MLS GRID
• 2026-01-26 Price Changed $105,900 NEIRBR as distributed by MLS GRID
• 2026-01-26 Price Changed $105,900 IAR
• 2025-12-22 Listed $109,900 IAR
• 2025-12-22 Listed $109,900 NEIRBR as distributed by MLS GRID
• 2025-03-13 Sold (Public Records) $75,000 Public Records
• 2025-03-06 Sold (MLS) $75,000 NEIRBR as distributed by MLS GRID
• 2025-01-30 Pending — NEIRBR as distributed by MLS GRID
• 2024-11-25 Listed $84,900 NEIRBR as distributed by MLS GRID
• 2016-12-01 Sold (MLS) $12,500 NEIRBR as distributed by MLS GRID
• 2015-12-21 Listed $24,500 NEIRBR as distributed by MLS GRID

Property tax history

+1.2%/yr

Latest (2025): $646 · +3.5% YoY. Source: county tax records.