1302 S 14 St · Burlington, IA 52601

$15,000

4 bd · 1.0 ba · 1,659 sqft · SingleFamily public records · 17 Days on market

Built 1880 4,680 sqft lot $9/sqft · 85% below area

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.0/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This home is a fixer upper and could be brought back to a very nice family home. THE PRICE IS NOT NEGOTIABLE. Seller is a licensed realtor in the state of Iowa.

Key facts

• 4,680 sq ft lot
• 2 garage spots
• Built 1880

Property features AI

Finance

• Financial info: Annual tax amount reported

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Two-story single family residence; Residential property
• Construction: Constructed with other materials
• Exterior features: Gravel driveway; Lot dimensions approximately 40 x 117

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Basement present

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $15k.

Deal economics

• At list price, monthly cash flow is $850 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $15k).
• Recommended offer: $15k (1.5% below list) — sets the bar for market timing.
• Cap rate 74.3% vs local median 6.0% in Burlington — 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 73/100 on livability (#287 in IA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D+, employment D, amenities F.
• Burlington Community School District (town): math 42% / reading 54% proficiency, ranked #286 of 289 in IA (top 99%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Black Hawk Elementary School (math 52% / reading 52%, grade C-, #494 of 616 statewide, top 83%, 316 students, 72% FRL); Edward Stone Middle School (math 34% / reading 48%, grade F, #236 of 246 statewide, top 96%, 489 students, 63% FRL); Burlington Community High School (math 45% / reading 64%, grade C-, #290 of 336 statewide, top 87%, 1,092 students, 58% FRL).
• Market conditions: 188 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 53 units permitted in Des Moines County in 2024 (40 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $104 of loan paydown is wiped out by about $450 of value loss. Plan a longer hold.
• Des Moines 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 $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($15k) is reasonable based on typical stale-listing flexibility.
• 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.

Risks & watch-outs

• Watch-outs: property tax is 5.0% of price; built in 1880 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $14,775 (1.5% below list)

Questions for the listing agent

1. Built in 1880 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 8.42% ✓
• Cap rate: 74.31%
• Cash-on-cash: 242.94%
• DSCR: 11.81
• GRM: 1.0

CMA / ARV

• ARV (median comp): $97,937
• List price: $15,000
• Delta: -84.68%
• 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
1302 S 14 St	0.00mi	4/1.0	1,659 (0%)	0mo	$15,000	$9	100
910 S 14th St	0.18mi	3/1.0 (-1)	1,552 (-6%)	2mo	$64,000	$41	74
705 S Central Ave	0.36mi	3/1.0 (-1)	1,600 (-4%)	2mo	$99,020	$62	70
1820 Dill St	0.47mi	3/1.0 (-1)	1,622 (-2%)	1mo	$150,000	$92	69
1632 S Central St	0.29mi	3/1.0 (-1)	1,768 (+7%)	2mo	$95,000	$54	69
810 S 14th St	0.25mi	4/1.0	1,883 (+14%)	3mo	$15,000	$8	64
1200 Perkins Ave	0.23mi	3/2.0 (-1)	1,478 (-11%)	2mo	$104,000	$70	60
526 S Central Ave	0.58mi	3/1.0 (-1)	1,737 (+5%)	4mo	$73,500	$42	57
716 S 5th St	0.63mi	4/2.0	1,840 (+11%)	0mo	$84,900	$46	48
316 Barret St	0.67mi	3/2.0 (-1)	1,794 (+8%)	2mo	$177,000	$99	44
1027 S Plane St	0.68mi	4/2.5	1,905 (+15%)	3mo	$245,000	$129	35
1103 Hagemann Ave	0.73mi	3/2.5 (-1)	1,426 (-14%)	1mo	$279,000	$196	31

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: —
• Equity multiple: 13.33×
• Total profit: $51,769
• Equity at exit: $2,237

10-year hold

• IRR: —
• Equity multiple: 28.38×
• Total profit: $114,998
• Equity at exit: $1,297

Cash invested: $4,200 (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 52601

• Active inventory: 188
• Price-to-rent: 1.0×

Monthly cashflow live

• Estimated rent: $1,262 medium
• Mortgage (P&I): −$79
• Tax from tax record: −$62 /mo · $744/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$265
• Net cashflow: $850

Break-even live

Break-even rent $186

Max offer price $15,000

Occupancy floor 28%

Sensitivity live

Price	-10% $904	-5% $899	+0% $850	+5% $846	+10% $842
Rent	-10% $751	-5% $800	+0% $850	+5% $900	+10% $950
Rate	-1.0pp $858	-0.5pp $854	base $850	+0.5pp $846	+1.0pp $842

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: $3,750
• Closing costs: $450
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1601 Division St Burlington, IA	3.0	1.0	1440	$1,100	$0.76	45d	1	0.99mi

Listing history 13 events

1. 2026-06-01
   status $15,000 Pending 17 DOM
2. 2026-06-01
   days on market $15,000 Active 17 DOM
3. 2026-05-31
   days on market $15,000 Active 16 DOM
4. 2026-05-30
   days on market $15,000 Active 15 DOM
5. 2026-05-15
   listed $15,000 Active 160-char remark
6. 2026-01-21
   status Pending
7. 2025-12-21
   price $15,000
8. 2025-10-17
   listed $22,000 Active
9. 2023-08-01
   soldstatus $25,000
10. 2021-05-13
    soldstatus $32,000
11. 2015-10-30
    soldstatus $29,500
12. 2015-04-18
    listed $35,000
13. 2014-09-22
    listed $40,000

ⓘ 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: $744 · $62/mo
• Projected year-2 tax: $744 · $62/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 ≥106°F today · 16 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: $15,147
• − Mortgage interest: −$840
• − Property taxes: −$744
• − Insurance: −$75
• − Repairs & maintenance: −$1,212
• − Management: −$1,212
• − Depreciation: −$436
• Taxable income: $10,628
• Est. tax owed @ 24.0%: −$2,551
• After-tax cash flow: $7,653/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: Burlington Community School District
• NCES district ID: 1905790
• Math proficiency: 42% ▼ -4.00%
• Reading proficiency: 54% ▼ -1.00%
• Median HH income: $41,833
• Composite: 40.3/100
• National rank: #3753
• State rank: #286 of 289 in IA

Livability — Burlington

• Score: 73/100
• State rank: #287
• US rank: #5540

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Burlington, IA
• County: Des Moines County · 27,341 people
• City population: 27,341
• Metro: Burlington, IA-IL
• Population (ZIP): 27,341
• Household income: $60,983
• Rent vs Own: 26.8% rent · 73.2% own
• Severe rent burden: 963.0

Population outlook (Des Moines County) Hauer SSP2

• Today (2025): 39,735 people
• By 2030: 39,257 · -1.2%
• By 2040: 38,090 · -4.1%
• By 2050: 37,156 · -6.5%
• By 2075: 36,905 · -7.1%
• By 2100: 37,222 · -6.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Two or more races 8% Black 5% Hispanic / Latino 4% Asian 1%
• Common ancestry: Iranian 2% Lithuanian 2% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Asian/Pacific 1%

Political lean MEDSL · Des Moines

• 2024 margin: R (+15.1) · D 41.8% · R 56.8% · Other 1.4%
• 2008→2024 swing: -38.1pp toward R · 2008: 23.0pp · 2024: -15.1pp
• All cycles: 2024: R+15.1 2020: R+8.5 2016: R+7.0 2012: D+18.5 2008: D+23.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -83.48%
• Current HPI: 149.7662
• Rent YoY: —
• Metro: Burlington, IA-IL
• 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

-62.5% since first listed

11 events — show timeline

• 2026-06-15 Sold (MLS) $15,000 IAR
• 2026-06-01 Pending — IAR
• 2026-05-15 Listed $15,000 IAR
• 2026-01-21 Pending — IAR
• 2025-12-21 Price Changed $15,000 IAR
• 2025-10-17 Listed $22,000 IAR
• 2023-08-01 Sold (Public Records) $25,000 Public Records
• 2021-05-13 Sold (Public Records) $32,000 Public Records
• 2015-10-30 Sold (MLS) $29,500 IAR
• 2015-04-18 Listed $35,000 IAR
• 2014-09-22 Listed $40,000 IAR

Property tax history

-3.0%/yr

Latest (2025): $744 · +14.5% YoY. Source: county tax records.