739 N Durant St · Algona, IA 50511

$72,500

2 bd · 1.0 ba · 1,135 sqft · SingleFamily public records · 12 Days on market

Built 1951 5,586 sqft lot

---

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 +26.4/30.0
• DSCR +9.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.0/10.0
• Schools +5.7/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming and move-in ready, this 860 sq ft ranch home offers a great blend of comfort and value. Featuring two nice-sized bedrooms and a 3/4 bath, this home has been refreshed with new paint and several recent updates throughout. The functional layout provides easy, single-level living, making it ideal for a first-time home buyer or those looking to downsize. With its affordable price point and solid potential, this property also presents a great investment opportunity. Don’t miss your chance to own a nice home with plenty of possibilities

Key facts

• 5,586 sq ft lot
• Garage
• Built 1951

Property features AI

Exterior

• Parking: Detached garage (1 car); Shared driveway
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Wood siding
• Exterior features: Lot dimensions approximately 57' x 98'

Interior

• Bathrooms: One three-quarter bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Basement present

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $72k.

Deal economics

• At list price, monthly cash flow is $189 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($869 rent vs $72k).
• Cap rate 9.4% vs local median 3.7% in Algona — 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 79/100 on livability (#98 in IA, #2,006 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, cost of living A+; Watch: employment D+, amenities F, commute F.
• Algona Community School District (town): math 65% / reading 70% proficiency, ranked #170 of 289 in IA (top 59%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 50 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 15 units permitted in Kossuth County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $501 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Kossuth 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 $20k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 8y 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 $45k; list at $72k implies a 61% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $72,500

Questions for the listing agent

1. Built in 1951 — 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 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?
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: 1.20% ✓
• Cap rate: 9.41%
• Cash-on-cash: 11.15%
• DSCR: 1.50
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $150,955
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
702 Diagonal St	0.07mi	3/1.0 (+1)	1,123 (-1%)	2mo	$75,000	$67	89
931 E Oak St	0.18mi	2/2.0	1,144 (+1%)	2mo	$150,000	$131	85
1227 E Linden St	0.18mi	2/2.0	1,124 (-1%)	7mo	$165,000	$147	80
302 N Woodworth St	0.30mi	2/1.0	1,176 (+4%)	6mo	$155,000	$132	74
730 N Durant St St	0.03mi	3/1.0 (+1)	1,008 (-11%)	4mo	$134,000	$133	72
905 N Wooster St	0.46mi	3/1.0 (+1)	1,080 (-5%)	3mo	$49,901	$46	63
412 N Clarke St	0.52mi	3/1.5 (+1)	1,120 (-1%)	8mo	$159,750	$143	60
1010 E Mcgregor St	0.63mi	3/2.0 (+1)	1,148 (+1%)	4mo	$118,500	$103	56
1703 E Mcgregor St	0.65mi	2/2.0	1,202 (+6%)	2mo	$166,500	$139	54
2109 E Spruce St	0.56mi	3/2.0 (+1)	1,040 (-8%)	1mo	$152,000	$146	50
213 N Clarke St	0.56mi	2/2.5	1,260 (+11%)	2mo	$225,000	$179	48
1203 N Mccoy St	0.46mi	3/1.0 (+1)	1,288 (+14%)	7mo	$163,500	$127	45

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: 0.4%
• Equity multiple: 1.01×
• Total profit: $276
• Equity at exit: $10,810

10-year hold

• IRR: 10.0%
• Equity multiple: 1.78×
• Total profit: $15,754
• Equity at exit: $6,268

Cash invested: $20,300 (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 50511

• Home prices YoY: -27.4%
• Active inventory: 50
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $869 high
• Mortgage (P&I): −$380
• Tax from tax record: −$87 /mo · $1,048/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$182
• Net cashflow: $189

Break-even live

Break-even rent $630

Max offer price $72,500

Occupancy floor 73%

Sensitivity live

Price	-10% $230	-5% $209	+0% $189	+5% $168	+10% $148
Rent	-10% $120	-5% $154	+0% $189	+5% $223	+10% $257
Rate	-1.0pp $225	-0.5pp $207	base $189	+0.5pp $170	+1.0pp $151

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: $18,125
• Closing costs: $2,175
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
914 E Elm St Unit 5 Algona, IA	2.0	1.0	865	$850	$0.98	44d	1	0.28mi
916 E Elm St Unit 2 Algona, IA	2.0	1.0	865	$825	$0.95	44d	1	0.30mi
916 E Elm St Unit 3 Algona, IA	2.0	1.0	865	$800	$0.92	44d	1	0.30mi
1715 E Mound St Unit 7 Algona, IA	2.0	1.0	865	$995	$1.15	44d	1	0.54mi
1805 E Mound St Unit 6 Algona, IA	2.0	1.0	865	$995	$1.15	44d	1	0.56mi
515 S Hall St Unit 6 Algona, IA	2.0	1.0	930	$850	$0.91	44d	1	1.17mi

Listing history 6 events

1. 2026-04-22
   status Pending
2. 2026-04-10
   listed $72,500 Active
3. 2018-10-10
   soldstatus $45,000
4. 2018-10-09
   soldstatus $45,000
5. 2018-06-11
   listed $49,000
6. 1991-11-14
   soldstatus $27,000

ⓘ 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: $1,048 · $87/mo
• Projected year-2 tax: $1,093 · $91/mo
• Expected delta: +$45/yr (+$4/mo · 4.3%)

ⓘ 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 2/10 Low 7 d/yr ≥99°F today · 16 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: $10,426
• − Mortgage interest: −$4,061
• − Property taxes: −$1,048
• − Insurance: −$362
• − Repairs & maintenance: −$834
• − Management: −$834
• − Depreciation: −$2,109
• Taxable income: $1,177
• Est. tax owed @ 24.0%: −$282
• After-tax cash flow: $1,981/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: Algona Community School District
• NCES district ID: 1903360
• Math proficiency: 65% ▼ -8.00%
• Reading proficiency: 70% ▼ -7.00%
• Median HH income: $51,369
• Composite: 57.41/100
• National rank: #1076
• State rank: #170 of 289 in IA

Livability — Algona

• Score: 79/100
• State rank: #98
• US rank: #2006

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Algona, IA
• City population: 6,987
• Population (ZIP): 6,987

Population outlook (Kossuth County) Hauer SSP2

• Today (2025): 14,667 people
• By 2030: 14,445 · -1.5%
• By 2040: 14,093 · -3.9%
• By 2050: 13,825 · -5.7%
• By 2075: 14,039 · -4.3%
• By 2100: 13,662 · -6.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 7% Two or more races 4%
• Hispanic origin (detail): Mexican 3% Cuban 1%
• Common ancestry: Portuguese 7% Lithuanian 3% Iranian 1%
• Foreign-born: 5% · Canada, South Korea
• Languages at home: 94% English-only · Spanish 5% German/W. Germanic 1%

Political lean MEDSL · Kossuth

• 2024 margin: Solid R (+44.2) · D 27.3% · R 71.4% · Other 1.3%
• 2008→2024 swing: -47.4pp toward R · 2008: 3.2pp · 2024: -44.2pp
• All cycles: 2024: R+44.2 2020: R+39.4 2016: R+36.5 2012: R+12.3 2008: D+3.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -68.32%
• Current HPI: 180.5984
• 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

+168.5% since first listed

6 events — show timeline

• 2026-04-22 Pending — IAR
• 2026-04-10 Listed $72,500 IAR
• 2018-10-10 Sold (Public Records) $45,000 Public Records
• 2018-10-09 Sold (MLS) $45,000 IAR
• 2018-06-11 Listed $49,000 IAR
• 1991-11-14 Sold (Public Records) $27,000 Public Records

Property tax history

+3.1%/yr

Latest (2025): $1,048 · +2.7% YoY. Source: county tax records.