4513 Navajo Dr Dr NE · Cedar Rapids, IA 52402

$185,000

4 bd · 1.0 ba · 1,737 sqft · SingleFamily public records · 3 Days on market

Built 1965 3,268 ac lot $107/sqft · 7% below area Est $198k · 7% under

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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 +21.6/30.0
• ARV discount +10.5/15.0
• DSCR +6.9/10.0
• 1% rule +6.0/10.0
• Rent growth +5.0/5.0
• Schools +4.7/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home has the perfect NE location on over . 19 of an acre located on an end street! Kitchen has been updated from top to bottom and has ample room for the chef of the home. You will enjoy relaxing on the large deck with fenced-in backyard, and fire-pit on those crisp fall nights. Beautiful & YUMMY fruit trees and bushes have been planted among the yard within the last few years. If you do chose to be away from this LOVELY home, you will be able to set your Nest Thermostat to adjust your away setting which will return to your personal home temperature liking upon your home arrival. Newer windows, roof, gutters, inside and outside doors, and backyard shed. Water heater NEW in 2016. Lennox Furnace NEW in 2009. Lower level has been finished with a 4th bedroom & Rec/toy room which includes a chalkboard wall! Large laundry/storage room allows plenty of room for adding a 2nd bathroom. COME SEE TODAY!!

Key facts

• Split foyer home
• Attached garage
• Large backyard

Tags

• SPLIT FOYER HOME
• LARGE BACKYARD
• DECK
• LAUNDRY STORAGE ROOM
• ATTACHED GARAGE
• VALUE ADD OPPORTUNITY

Property features AI

Exterior

• Parking: Attached garage with garage door opener (1 car)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Multi/split levels
• Construction: Aluminum siding and frame construction
• Exterior features: Deck; Patio; Fenced yard; Shed

Interior

• Kitchen: Dishwasher; Range; Microwave; Range hood; Refrigerator; Disposal
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Eat-in kitchen; Full basement
• Laundry & utility: Washer; Dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $283 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Cap rate 8.1% vs local median 3.5% in Cedar Rapids — 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 78/100 on livability (#134 in IA, #2,474 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, commute F.
• Cedar Rapids Community School District (urban): math 50% / reading 59% proficiency, ranked #265 of 289 in IA (top 92%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Wright Elementary School (math 47% / reading 47%, grade D-, #530 of 616 statewide, top 88%, 295 students, 76% FRL); Harding Middle School (math 61% / reading 69%, grade A-, #154 of 246 statewide, top 63%, 713 students, 43% FRL); John F Kennedy High School (math 63% / reading 77%, grade B+, #146 of 336 statewide, top 45%, 1,714 students, 31% FRL).
• Market conditions: Rents rising fast (+11.0%/yr); 286 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,023 units permitted in Linn County in 2024 (456 in 5+ unit buildings).
• This rent runs 33% of the median local income ($73k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Linn County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $52k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 10y ago 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 $139k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $185,000

Questions for the listing agent

1. Built in 1965 — 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. 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: 1.10% ✓
• Cap rate: 8.13%
• Cash-on-cash: 6.55%
• DSCR: 1.29
• GRM: 7.6

CMA / ARV

• ARV (median comp): $198,286
• List price: $185,000
• Delta: -6.70%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4436 Rushmore Dr Dr NE	0.09mi	3/2.0 (-1)	1,523 (-12%)	2mo	$210,000	$138	64
2106 42nd St St NE	0.43mi	3/2.0 (-1)	1,680 (-3%)	4mo	$175,000	$104	62
1626 Hollywood Blvd Blvd NE	0.50mi	3/2.0 (-1)	1,802 (+4%)	1mo	$231,000	$128	61
2044 Evergreen St	0.43mi	4/2.5	1,646 (-5%)	7mo	$240,000	$146	60
2237 Evergreen St NE	0.64mi	3/1.5 (-1)	1,802 (+4%)	2mo	$206,100	$114	56
4524 Fairlane Dr NE	0.57mi	3/1.5 (-1)	1,643 (-5%)	9mo	$225,000	$137	50
4656 Northwood Dr NE	0.64mi	3/2.5 (-1)	1,818 (+5%)	2mo	$255,900	$141	49
3821 Oakland Road Rd NE	0.58mi	4/1.0	1,996 (+15%)	1mo	$192,500	$96	47
1101 NE Dover St	0.60mi	3/1.0 (-1)	1,482 (-15%)	6mo	$160,000	$108	37
2041 Birchwood Dr Dr NE	0.75mi	3/2.5 (-1)	1,613 (-7%)	6mo	$185,000	$115	37
1601 Arizona Ave	0.60mi	3/2.0 (-1)	1,540 (-11%)	9mo	$180,000	$117	36
1728 34th St NE	0.74mi	3/2.0 (-1)	1,496 (-14%)	12mo	$211,000	$141	23

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -0.6%
• Equity multiple: 0.98×
• Total profit: $-1,205
• Equity at exit: $27,584

10-year hold

• IRR: 13.8%
• Equity multiple: 2.37×
• Total profit: $71,135
• Equity at exit: $15,995

Cash invested: $51,800 (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 52402

• Rents YoY: 11.0%
• Active inventory: 286
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,028 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$272 /mo · $3,268/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$426
• Net cashflow: $283

Break-even live

Break-even rent $1,670

Max offer price $185,000

Occupancy floor 81%

Sensitivity live

Price	-10% $387	-5% $335	+0% $283	+5% $230	+10% $178
Rent	-10% $122	-5% $202	+0% $283	+5% $363	+10% $443
Rate	-1.0pp $376	-0.5pp $330	base $283	+0.5pp $235	+1.0pp $186

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1127 34th St NE Cedar Rapids, IA	3.0	2.0	1152	$1,385	$1.20	44d	1	0.97mi
419 Cimarron Dr Hiawatha, IA	3.0	2.5	1680	$2,650	$1.58	44d	1	1.15mi

Listing history 5 events

1. 2026-05-16
   status Pending 586-char remark
2. 2026-05-13
   listed $185,000 Active 586-char remark
3. 2016-10-03
   soldstatus $139,000
4. 2016-09-30
   soldstatus $139,000 923-char remark

   Show marketing remark (923 chars)

   This home has the perfect NE location on over . 19 of an acre located on an end street! Kitchen has been updated from top to bottom and has ample room for the chef of the home. You will enjoy relaxing on the large deck with fenced-in backyard, and fire-pit on those crisp fall nights. Beautiful & YUMMY fruit trees and bushes have been planted among the yard within the last few years. If you do chose to be away from this LOVELY home, you will be able to set your Nest Thermostat to adjust your away setting which will return to your personal home temperature liking upon your home arrival. Newer windows, roof, gutters, inside and outside doors, and backyard shed. Water heater NEW in 2016. Lennox Furnace NEW in 2009. Lower level has been finished with a 4th bedroom & Rec/toy room which includes a chalkboard wall! Large laundry/storage room allows plenty of room for adding a 2nd bathroom. COME SEE TODAY!!

5. 2016-08-22
   listed $142,000 923-char remark

   Show marketing remark (923 chars)

   This home has the perfect NE location on over . 19 of an acre located on an end street! Kitchen has been updated from top to bottom and has ample room for the chef of the home. You will enjoy relaxing on the large deck with fenced-in backyard, and fire-pit on those crisp fall nights. Beautiful & YUMMY fruit trees and bushes have been planted among the yard within the last few years. If you do chose to be away from this LOVELY home, you will be able to set your Nest Thermostat to adjust your away setting which will return to your personal home temperature liking upon your home arrival. Newer windows, roof, gutters, inside and outside doors, and backyard shed. Water heater NEW in 2016. Lennox Furnace NEW in 2009. Lower level has been finished with a 4th bedroom & Rec/toy room which includes a chalkboard wall! Large laundry/storage room allows plenty of room for adding a 2nd bathroom. COME SEE TODAY!!

ⓘ 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: $3,268 · $272/mo
• Projected year-2 tax: $3,268 · $272/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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°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: $24,337
• − Mortgage interest: −$10,363
• − Property taxes: −$3,268
• − Insurance: −$925
• − Repairs & maintenance: −$1,947
• − Management: −$1,947
• − Depreciation: −$5,382
• Taxable income: $505
• Est. tax owed @ 24.0%: −$121
• After-tax cash flow: $3,270/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: Cedar Rapids Community School District
• NCES district ID: 1906540
• Math proficiency: 50% ▼ -12.00%
• Reading proficiency: 59% ▼ -6.00%
• Median HH income: $53,568
• Composite: 46.82/100
• National rank: #2378
• State rank: #265 of 289 in IA

Livability — Cedar Rapids

• Score: 78/100
• State rank: #134
• US rank: #2474

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cedar Rapids, IA
• County: Linn County · 179,860 people
• City population: 137,154
• Metro: Cedar Rapids, IA
• Population (ZIP): 42,938
• Household income: $73,439
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 971.0

Population outlook (Linn County) Hauer SSP2

• Today (2025): 239,589 people
• By 2030: 248,587 · +3.8%
• By 2040: 264,817 · +10.5%
• By 2050: 278,685 · +16.3%
• By 2075: 311,754 · +30.1%
• By 2100: 336,773 · +40.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Two or more races 7% Black 6% Asian 6% Hispanic / Latino 4%
• Common ancestry: Portuguese 4% Lithuanian 2% Iranian 2%
• Foreign-born: 8% · Canada, Philippines, China
• Languages at home: 89% English-only · Spanish 3% Other Indo-European 3% Other Asian/Pacific 2%

Political lean MEDSL · Linn

• 2024 margin: Lean D (+9.9) · D 54.2% · R 44.3% · Other 1.4%
• 2008→2024 swing: -11.6pp toward R · 2008: 21.5pp · 2024: 9.9pp
• All cycles: 2024: D+9.9 2020: D+13.7 2016: D+9.0 2012: D+17.6 2008: D+21.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -133.31%
• Current HPI: 201.7061
• Rent YoY: ▲ 10.97%
• Metro: Cedar Rapids, IA
• 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

+30.3% since first listed

5 events — show timeline

• 2026-05-16 Pending — CRAAR, CDRMLS
• 2026-05-13 Listed $185,000 CRAAR, CDRMLS
• 2016-10-03 Sold (Public Records) $139,000 Public Records
• 2016-09-30 Sold (MLS) $139,000 CRAAR, CDRMLS
• 2016-08-22 Listed $142,000 CRAAR, CDRMLS

Property tax history

+2.4%/yr

Latest (2025): $3,268 · +13.2% YoY. Source: county tax records.