1109 14th Ave SW · Cedar Rapids, IA 52404

$145,000

3 bd · 2.0 ba · 1,608 sqft · SingleFamily public records · 7 Days on market

Built 1914 4,792 sqft lot Est $199k · 27% 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 +20.7/30.0
• ARV discount +15.0/15.0
• DSCR +6.6/10.0
• 1% rule +5.1/10.0
• Rent growth +4.7/5.0
• Schools +4.7/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

On the main level of this home is a generous living room off of a spacious kitchen. Featuring a welcoming front porch and a privacy fenced-in backyard, the exterior of this property invites you to get outside enjoy the surroundings. This property offers multiple bedrooms, providing comfortable and private spaces for everyone in the house. While this is located close to amenities, being on the end of the road provides more of a private location. This allows for a wonderful combination of comfort and convenience. There is also room to expand with a clean and well kept blank canvas in the basement. Being sold AS IS.

Key facts

• 4,792 sq ft lot
• Built 1914
• Listed 7 days

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels / 2 stories
• Construction: Frame construction with vinyl siding
• Exterior features: Deck; Fenced yard; Shed(s)

Interior

• Kitchen: Range, Range Hood, Refrigerator
• Bedrooms: Total of 5 rooms (includes bedrooms and living spaces)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas forced air heating; Window and wall/window cooling units
• Interior features: Dryer, Washer, Refrigerator, Range, Range Hood, Gas water heater; Full basement
• Laundry & utility: Washer and Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $197 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $145k).
• Cap rate 7.9% 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: Cedar River Academy At Taylor (math 22% / reading 27%, grade F, #613 of 616 statewide, top 100%, 296 students, 78% FRL); Wilson Middle School (math 42% / reading 49%, grade D+, #231 of 246 statewide, top 94%, 395 students, 72% FRL); Thomas Jefferson High School (math 41% / reading 62%, grade D+, #307 of 336 statewide, top 91%, 1,543 students, 56% FRL) — zoned schools average 69% FRL vs 43% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 40% at this address vs 54% district-wide (-14 pts) — the specific schools serving this property underperform the Cedar Rapids Community School District average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+8.8%/yr); 421 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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 $41k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 12y 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 $108k; 34% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1914 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $145,000

Questions for the listing agent

1. Built in 1914 — 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: 1.01% ✓
• Cap rate: 7.93%
• Cash-on-cash: 5.83%
• DSCR: 1.26
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $199,392
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
812 16th Ave Ave SW	0.23mi	3/2.0	1,489 (-7%)	2mo	$100,000	$67	75
932 22nd Ave SW	0.48mi	3/2.0	1,690 (+5%)	4mo	$207,500	$123	66
460 9th Ave SW	0.47mi	3/1.5	1,741 (+8%)	2mo	$150,000	$86	61
1100 18th St NW	0.64mi	3/1.0	1,563 (-3%)	3mo	$244,000	$156	59
1818 Holly Meadow Ave SW	0.70mi	3/2.0	1,686 (+5%)	2mo	$300,337	$178	57
1824 Holly Meadow Ave Ct SW	0.71mi	3/2.0	1,686 (+5%)	4mo	$299,490	$178	56
1300 M St SW	0.61mi	3/2.5	1,496 (-7%)	3mo	$202,500	$135	55
1211 22nd Ave Ave SW	0.51mi	2/1.5 (-1)	1,774 (+10%)	2mo	$160,000	$90	51
918 22nd Ave Ave SW	0.48mi	2/2.0 (-1)	1,390 (-14%)	0mo	$172,250	$124	50
147 18th St SW	0.71mi	2/1.5 (-1)	1,710 (+6%)	3mo	$150,000	$88	47
1801 Shady Grove Rd SW	0.70mi	3/2.0	1,427 (-11%)	3mo	$364,990	$256	46
353 7th Ave SW	0.65mi	4/1.5 (+1)	1,406 (-13%)	1mo	$55,000	$39	41

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: -2.0%
• Equity multiple: 0.92×
• Total profit: $-3,181
• Equity at exit: $21,620

10-year hold

• IRR: 12.4%
• Equity multiple: 2.20×
• Total profit: $48,694
• Equity at exit: $12,537

Cash invested: $40,600 (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 52404

• Rents YoY: 8.8%
• Active inventory: 421
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,468 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$141 /mo · $1,696/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$308
• Net cashflow: $197

Break-even live

Break-even rent $1,218

Max offer price $145,000

Occupancy floor 82%

Sensitivity live

Price	-10% $279	-5% $238	+0% $197	+5% $156	+10% $115
Rent	-10% $81	-5% $139	+0% $197	+5% $255	+10% $313
Rate	-1.0pp $270	-0.5pp $234	base $197	+0.5pp $160	+1.0pp $121

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1001 C Ave NW Cedar Rapids, IA	3.0	1.5	1446	$1,500	$1.04	16d	1	0.82mi
417 9th St NW Cedar Rapids, IA	3.0	1.0	1061	$1,300	$1.23	46d	1	0.87mi

Listing history 7 events

1. 2026-06-23
   pricedays on market $145,000 Active 7 DOM
2. 2026-06-21
   pricedays on market $149,990 Active 6 DOM
3. 2026-06-19
   days on market $150,000 Active 4 DOM
4. 2026-06-18
   days on market $150,000 Active 3 DOM
5. 2026-06-17
   days on market $150,000 Active 2 DOM
6. 2026-06-15
   remarks 699-char remark
7. 2026-06-15
   listed $150,000 Active 1 DOM

ⓘ 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: $1,696 · $141/mo
• Projected year-2 tax: $1,986 · $166/mo
• Expected delta: +$290/yr (+$24/mo · 17.1%)

ⓘ 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 ≥103°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: $17,611
• − Mortgage interest: −$8,122
• − Property taxes: −$1,696
• − Insurance: −$725
• − Repairs & maintenance: −$1,409
• − Management: −$1,409
• − Depreciation: −$4,218
• Taxable income: $32
• Est. tax owed @ 24.0%: −$8
• After-tax cash flow: $2,359/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): 42,958
• Household income: $61,870
• Rent vs Own: 33.9% rent · 66.1% own
• Severe rent burden: 1041.0

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 (74%)
• Race & ethnicity: White 74% Black 10% Two or more races 10% Hispanic / Latino 7%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Portuguese 3% Lithuanian 2% Romanian 2%
• Foreign-born: 8% · Canada
• Languages at home: 90% English-only · Spanish 3% French/Haitian/Cajun 2% Other Asian/Pacific 1%

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: ▼ -154.96%
• Current HPI: 241.81
• Rent YoY: ▲ 8.79%
• 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

+79.6% since first listed

9 events — show timeline

• 2026-06-15 Listed $150,000 CRAAR, CDRMLS
• 2023-06-27 Sold (Public Records) $108,000 Public Records
• 2023-06-22 Sold (MLS) $108,000 CRAAR, CDRMLS
• 2023-05-23 Pending — CRAAR, CDRMLS
• 2023-05-19 Listed $105,000 CRAAR, CDRMLS
• 2016-11-10 Listed $69,900 CRAAR, CDRMLS
• 2015-02-03 Sold (MLS) $31,000 CRAAR, CDRMLS
• 2014-11-07 Listed $33,500 CRAAR, CDRMLS
• 2009-02-27 Sold (Public Records) $83,500 Public Records

Property tax history

+1.0%/yr

Latest (2025): $1,696 · -7.7% YoY. Source: county tax records.