114 25th St Dr Dr SE · Cedar Rapids, IA 52403

$150,000

2 bd · 1.0 ba · 944 sqft · SingleFamily public records · 1 Days on market

Built 1920 8,407 sqft lot Est $159k · 5% under

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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 +12.0/30.0
• ARV discount +9.9/15.0
• Rent growth +5.0/5.0
• Schools +4.7/10.0
• Livability +3.9/5.0
• 1% rule +3.6/10.0
• DSCR +3.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Loads of beautiful updates in this 2 bedroom charmer! From the moment you approach, the unique cottage character shines through. Guests will be wowed by the gorgeous, refinished original wood floors and you have plenty of space to entertain them in the large dining room as well as the exterior deck leading to the big fenced yard. A functional kitchen layout is highlighted by lovely open shelving, lots of storage, gas stove, newer dishwasher, a cute little breakfast bar, and space for a bistro table or re-imagine the layout for your future dream kitchen – ample square footage for all your ideas. Your bathroom has been thoughtfully redone with new subway tile, vanity, lighting, fixtures, custom tile flooring – everything here is fresh, on-trend perfection! Extras: ceiling fans; many newer windows; walk-up attic that you could finish for an office or play space; vinyl siding; furnace and CA new in 2013; 1 car detached garage. Fantastic opportunity in a wonderful neighborhood 3 blocks to the Cedar Rapids Country Club! Truly, “Home Sweet Home”.

Key facts

• Quiet street
• Attached kitchen
• Formal dining room

Tags

• RANCH-STYLE HOME
• QUIET STREET
• HIGHLY CONVENIENT LOCATION
• OPEN-LAYOUT
• FORMAL DINING ROOM
• ATTACHED KITCHEN

Property features AI

Exterior

• Parking: Detached garage; 1 garage space; On-street parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Frame construction with vinyl siding
• Exterior features: Deck; Fenced yard; Pets allowed

Interior

• Kitchen: Range; Microwave; Dishwasher; Refrigerator
• Bedrooms: 5 total rooms (bedroom count not specified)
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Dryer; Dishwasher; Gas water heater; Microwave; Range; Refrigerator; Washer; Full basement
• Laundry & utility: Washer and dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $-36 ($-430/yr) — negative.
• To cash-flow at today's rent, offer at most $144k (4.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $129k (14.3% below list).
• Recommended offer: $129k (14.3% below list) — sets the bar for 1% rule.
• Cap rate 6.0% 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: Franklin Middle School (math 49% / reading 59%, grade B-, #206 of 246 statewide, top 84%, 537 students, 56% FRL); George Washington High School (math 44% / reading 62%, grade C-, #296 of 336 statewide, top 88%, 1,291 students, 49% FRL).
• Market conditions: Rents rising fast (+14.7%/yr); 236 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; 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.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 13y 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 $128k; 18% 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 $128,579 (14.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.86% ✗
• Cap rate: 6.01%
• Cash-on-cash: -1.02%
• DSCR: 0.95
• GRM: 9.7

CMA / ARV

• ARV (on-the-fly): $158,592
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
114 25th St Dr Dr SE	0.00mi	2/1.0	944 (0%)	0mo	$162,000	$172	100
208 24th St NE	0.16mi	2/1.0	972 (+3%)	3mo	$112,066	$115	85
2424 A Ave	0.14mi	2/1.0	972 (+3%)	7mo	$151,000	$155	83
306 21st St NE	0.40mi	3/1.0 (+1)	943 (-0%)	6mo	$132,500	$141	71
2036 Linn Blvd	0.58mi	2/1.0	972 (+3%)	4mo	$170,000	$175	65
616 25th St St NE	0.48mi	3/1.5 (+1)	972 (+3%)	1mo	$199,500	$205	65
2124 1st Ave NE	0.37mi	2/1.0	1,021 (+8%)	8mo	$140,000	$137	63
381 31st Street Dr SE	0.55mi	2/1.0	862 (-9%)	2mo	$149,500	$173	58
421 Dunreath Dr NE	0.66mi	2/1.0	864 (-8%)	9mo	$145,500	$168	48
2027 Linn Blvd SE	0.60mi	3/1.0 (+1)	1,040 (+10%)	4mo	$146,000	$140	46
2435 Franklin Ave Ave NE	0.45mi	3/2.0 (+1)	1,075 (+14%)	6mo	$53,000	$49	42
3124 Sidney St SE	0.61mi	3/1.0 (+1)	814 (-14%)	8mo	$143,000	$176	36

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: -12.4%
• Equity multiple: 0.53×
• Total profit: $-19,766
• Equity at exit: $22,365

10-year hold

• IRR: 2.9%
• Equity multiple: 1.26×
• Total profit: $10,893
• Equity at exit: $12,969

Cash invested: $42,000 (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 52403

• Rents YoY: 14.7%
• Active inventory: 236
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,286 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$202 /mo · $2,430/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $-36

Break-even live

Break-even rent $1,331

Max offer price $143,668

Occupancy floor 98%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
511 23rd St NE Cedar Rapids, IA	2.0	1.0	888	$1,500	$1.69	43d	1	0.40mi
306 29th Street Dr SE Cedar Rapids, IA	2.0	1.0	1100	$850	$0.77	21d	1	0.41mi
253 38th Street Dr SE Cedar Rapids, IA	2.0	1.0	757	$799	$1.06	43d	1	1.04mi
4341 1st Ave SE Cedar Rapids, IA	2.0	1.0	610	$1,000	$1.64	43d	1	1.47mi

Listing history 9 events

1. 2026-05-17
   status Pending
2. 2026-05-16
   listed $150,000 Active
3. 2021-06-29
   soldstatus $127,500
4. 2017-11-20
   soldstatus $110,000
5. 2017-10-30
   soldstatus $110,000 1079-char remark

   Show marketing remark (1079 chars)

   Loads of beautiful updates in this 2 bedroom charmer! From the moment you approach, the unique cottage character shines through. Guests will be wowed by the gorgeous, refinished original wood floors and you have plenty of space to entertain them in the large dining room as well as the exterior deck leading to the big fenced yard. A functional kitchen layout is highlighted by lovely open shelving, lots of storage, gas stove, newer dishwasher, a cute little breakfast bar, and space for a bistro table or re-imagine the layout for your future dream kitchen – ample square footage for all your ideas. Your bathroom has been thoughtfully redone with new subway tile, vanity, lighting, fixtures, custom tile flooring – everything here is fresh, on-trend perfection! Extras: ceiling fans; many newer windows; walk-up attic that you could finish for an office or play space; vinyl siding; furnace and CA new in 2013; 1 car detached garage. Fantastic opportunity in a wonderful neighborhood 3 blocks to the Cedar Rapids Country Club! Truly, “Home Sweet Home”.

6. 2017-08-03
   listed $115,000 1079-char remark

   Show marketing remark (1079 chars)

   Loads of beautiful updates in this 2 bedroom charmer! From the moment you approach, the unique cottage character shines through. Guests will be wowed by the gorgeous, refinished original wood floors and you have plenty of space to entertain them in the large dining room as well as the exterior deck leading to the big fenced yard. A functional kitchen layout is highlighted by lovely open shelving, lots of storage, gas stove, newer dishwasher, a cute little breakfast bar, and space for a bistro table or re-imagine the layout for your future dream kitchen – ample square footage for all your ideas. Your bathroom has been thoughtfully redone with new subway tile, vanity, lighting, fixtures, custom tile flooring – everything here is fresh, on-trend perfection! Extras: ceiling fans; many newer windows; walk-up attic that you could finish for an office or play space; vinyl siding; furnace and CA new in 2013; 1 car detached garage. Fantastic opportunity in a wonderful neighborhood 3 blocks to the Cedar Rapids Country Club! Truly, “Home Sweet Home”.

7. 2014-04-25
   soldstatus $91,000
8. 2014-04-11
   soldstatus $90,745 393-char remark

   Show marketing remark (393 chars)

   CUTE BUNGALOW IN A GREAT SE NEIGHBORHOOD CLOSE TO EVERYTHING. THIS HOME HAS A NEW FURNACE AND AIR IN 2013 AND A NEWER ROOF. THE CHARM OF THIS HOME COMES FROM THE QUALITY CRAFTMANSHIP OF PLASTER WALLS, HARDWOOD FLOORS PLUS AN AWESOME DECK TO ENJOY THOSE SPRING DAYS AHEAD. A FENCEED YARD AND MATURE TREES ROUND OUT THIS GREAT HOME. FIRST TIME HOME BUYERS ASK ABOUT THE MCC CREDIT NOW AVAILABLE.

9. 2013-08-05
   listed $99,000 393-char remark

   Show marketing remark (393 chars)

   CUTE BUNGALOW IN A GREAT SE NEIGHBORHOOD CLOSE TO EVERYTHING. THIS HOME HAS A NEW FURNACE AND AIR IN 2013 AND A NEWER ROOF. THE CHARM OF THIS HOME COMES FROM THE QUALITY CRAFTMANSHIP OF PLASTER WALLS, HARDWOOD FLOORS PLUS AN AWESOME DECK TO ENJOY THOSE SPRING DAYS AHEAD. A FENCEED YARD AND MATURE TREES ROUND OUT THIS GREAT HOME. FIRST TIME HOME BUYERS ASK ABOUT THE MCC CREDIT NOW AVAILABLE.

ⓘ 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: $2,430 · $202/mo
• Projected year-2 tax: $2,430 · $202/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 3/10 Moderate
• 🌡 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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,429
• − Mortgage interest: −$8,402
• − Property taxes: −$2,430
• − Insurance: −$750
• − Repairs & maintenance: −$1,234
• − Management: −$1,234
• − Depreciation: −$4,364
• Taxable loss: −$2,985
• Est. tax savings @ 24.0%: +$716
• After-tax cash flow: $286/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): 22,551
• Household income: $74,703
• Rent vs Own: 23.0% rent · 77.0% own
• Severe rent burden: 452.0

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 (85%)
• Race & ethnicity: White 85% Black 7% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Italian 3% Slovak 3% Portuguese 3%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 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: ▼ -170.15%
• Current HPI: 196.1114
• Rent YoY: ▲ 14.67%
• 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

+51.5% since first listed

9 events — show timeline

• 2026-05-17 Pending — CRAAR, CDRMLS
• 2026-05-16 Listed $150,000 CRAAR, CDRMLS
• 2021-06-29 Sold (Public Records) $127,500 Public Records
• 2017-11-20 Sold (Public Records) $110,000 Public Records
• 2017-10-30 Sold (MLS) $110,000 CRAAR, CDRMLS
• 2017-08-03 Listed $115,000 CRAAR, CDRMLS
• 2014-04-25 Sold (Public Records) $91,000 Public Records
• 2014-04-11 Sold (MLS) $90,745 CRAAR, CDRMLS
• 2013-08-05 Listed $99,000 CRAAR, CDRMLS

Property tax history

+1.8%/yr

Latest (2025): $2,430 · +2.4% YoY. Source: county tax records.