608 S Broadway St · Toledo, IA 52342

$79,000

4 bd · 2.0 ba · 1,733 sqft · SingleFamily public records · 186 Days on market

Built 1920 0.25 ac lot $46/sqft · 48% below area Est $153k · 48% under

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Why this score? — see what drove the A- 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 +28.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.9/10.0
• 1% rule +8.9/10.0
• Appreciation +8.4/10.0
• Schools +4.0/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Looking for a home with charm, space, and room to grow in Toledo? Welcome to 608 S Broadway St! This inviting 4-bedroom home on a ¼-acre lot offers all of that and more. With 1,700+ sq ft, high ceilings, original hardwood floors, and beautiful woodwork, this home is filled with the kind of character and warmth families love (and are always on the hunt for). Recent newer siding pairs perfectly with the home's solid foundation and great bones, giving you confidence and a strong head start for future updates. Step inside to a beautiful foyer featuring the original staircase, French door entrance to the spacious living room, a semi-updated kitchen, main level laundry room, bathroom and main level master bedroom. The three bedrooms on the second level are generously sized, offering flexibility for kids, guests, hobbies, or that cozy home office you've been dreaming about. Outside, the ¼-acre yard is ready for fun-think playtime, pets, gardens, bonfires, or backyard BBQs. There's plenty of room to enjoy life both inside and out. Packed with potential and original local charm, this home is a wonderful match for families looking to build sweat equity or investors searching for their next project. Located in a friendly neighborhood near schools, parks, and community amenities, 608 S Broadway St is ready to start its next chapter-maybe with you!

Key facts

• Semi-updated kitchen
• Original staircase
• 0.25 acre lot

Tags

• ORIGINAL HARDWOOD FLOORS
• ORIGINAL STAIRCASE
• SEMI-UPDATED KITCHEN
• MAIN LEVEL LAUNDRY ROOM
• MAIN LEVEL MASTER BEDROOM
• GENEROUSLY SIZED BEDROOMS

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $246 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $79k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 74/100 on livability (#245 in IA, #4,722 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools C-, amenities F, commute F.
• South Tama County (town): math 44% / reading 50% proficiency, ranked #287 of 289 in IA (top 99%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 16 active listings in the ZIP; 17 units permitted in Tama County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($546 loan paydown + $5k appreciation (6.8% local appreciation)).
• Tama County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (6.8% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 186 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $69,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 186 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.39% ✓
• Cap rate: 10.02%
• Cash-on-cash: 13.32%
• DSCR: 1.59
• GRM: 6.0

CMA / ARV

• ARV (median comp): $152,660
• List price: $79,000
• Delta: -48.25%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
407 S Broadway St	0.15mi	3/1.5 (-1)	1,766 (+2%)	15mo	$147,000	$83	70
208 E Carleton St	0.33mi	3/2.0 (-1)	1,781 (+3%)	7mo	$157,500	$88	69
408 & 406 E South St	0.38mi	4/2.0	1,701 (-2%)	23mo	$126,500	$74	60
809 S Main St	0.15mi	3/1.5 (-1)	1,547 (-11%)	11mo	$155,000	$100	59
702 E Harrison St	0.54mi	3/2.0 (-1)	1,824 (+5%)	3mo	$165,000	$90	58
209 S Ann St	0.63mi	3/1.0 (-1)	1,728 (-0%)	6mo	$185,000	$107	57
700 E Carleton St	0.51mi	4/3.0	1,743 (+1%)	19mo	$267,500	$153	55
726 Country View Dr	0.60mi	4/—	1,829 (+6%)	13mo	$399,900	$219	52
804 N Court St	0.62mi	3/1.0 (-1)	1,824 (+5%)	13mo	$130,100	$71	42
101 N Wilson St	0.57mi	3/1.0 (-1)	1,616 (-7%)	16mo	$140,000	$87	40
304 N Church St	0.62mi	5/3.5 (+1)	1,800 (+4%)	23mo	$234,000	$130	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

6.78% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 28.0%
• Equity multiple: 2.91×
• Total profit: $42,231
• Equity at exit: $53,619

10-year hold

• IRR: 25.8%
• Equity multiple: 6.03×
• Total profit: $111,300
• Equity at exit: $100,847

Cash invested: $22,120 (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 52342

• Home prices YoY: 3.6%
• Active inventory: 16
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,099 medium
• Mortgage (P&I): −$414
• Tax from tax record: −$175 /mo · $2,104/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$231
• Net cashflow: $246

Break-even live

Break-even rent $788

Max offer price $79,000

Occupancy floor 73%

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-19
   days on market $79,000 Active 186 DOM
2. 2026-06-18
   days on market $79,000 Active 185 DOM
3. 2026-06-17
   days on market $79,000 Active 184 DOM
4. 2026-06-16
   days on market $79,000 Active 183 DOM
5. 2026-06-15
   days on market $79,000 Active 182 DOM
6. 2026-06-14
   days on market $79,000 Active 180 DOM
7. 2026-06-12
   days on market $79,000 Active 179 DOM
8. 2026-06-09
   days on market $79,000 Active 176 DOM
9. 2026-06-08
   days on market $79,000 Active 175 DOM
10. 2026-06-07
    days on market $79,000 Active 174 DOM
11. 2026-06-05
    days on market $79,000 Active 171 DOM
12. 2026-06-03
    days on market $79,000 Active 170 DOM
13. 2026-06-02
    days on market $79,000 Active 169 DOM
14. 2026-06-01
    days on market $79,000 Active 168 DOM
15. 2026-05-31
    days on market $79,000 Active 167 DOM
16. 2026-05-30
    days on market $79,000 Active 166 DOM
17. 2026-04-06
    price $90,000 1371-char remark

    Show marketing remark (1371 chars)

    Looking for a home with charm, space, and room to grow in Toledo? Welcome to 608 S Broadway St! This inviting 4-bedroom home on a ¼-acre lot offers all of that and more. With 1,700+ sq ft, high ceilings, original hardwood floors, and beautiful woodwork, this home is filled with the kind of character and warmth families love (and are always on the hunt for). Recent newer siding pairs perfectly with the home's solid foundation and great bones, giving you confidence and a strong head start for future updates. Step inside to a beautiful foyer featuring the original staircase, French door entrance to the spacious living room, a semi-updated kitchen, main level laundry room, bathroom and main level master bedroom. The three bedrooms on the second level are generously sized, offering flexibility for kids, guests, hobbies, or that cozy home office you've been dreaming about. Outside, the ¼-acre yard is ready for fun-think playtime, pets, gardens, bonfires, or backyard BBQs. There's plenty of room to enjoy life both inside and out. Packed with potential and original local charm, this home is a wonderful match for families looking to build sweat equity or investors searching for their next project. Located in a friendly neighborhood near schools, parks, and community amenities, 608 S Broadway St is ready to start its next chapter-maybe with you!

18. 2026-02-24
    price $95,000 1371-char remark

    Show marketing remark (1371 chars)

    Looking for a home with charm, space, and room to grow in Toledo? Welcome to 608 S Broadway St! This inviting 4-bedroom home on a ¼-acre lot offers all of that and more. With 1,700+ sq ft, high ceilings, original hardwood floors, and beautiful woodwork, this home is filled with the kind of character and warmth families love (and are always on the hunt for). Recent newer siding pairs perfectly with the home's solid foundation and great bones, giving you confidence and a strong head start for future updates. Step inside to a beautiful foyer featuring the original staircase, French door entrance to the spacious living room, a semi-updated kitchen, main level laundry room, bathroom and main level master bedroom. The three bedrooms on the second level are generously sized, offering flexibility for kids, guests, hobbies, or that cozy home office you've been dreaming about. Outside, the ¼-acre yard is ready for fun-think playtime, pets, gardens, bonfires, or backyard BBQs. There's plenty of room to enjoy life both inside and out. Packed with potential and original local charm, this home is a wonderful match for families looking to build sweat equity or investors searching for their next project. Located in a friendly neighborhood near schools, parks, and community amenities, 608 S Broadway St is ready to start its next chapter-maybe with you!

19. 2025-12-15
    listed $105,000 Active 1371-char remark

    Show marketing remark (1371 chars)

    Looking for a home with charm, space, and room to grow in Toledo? Welcome to 608 S Broadway St! This inviting 4-bedroom home on a ¼-acre lot offers all of that and more. With 1,700+ sq ft, high ceilings, original hardwood floors, and beautiful woodwork, this home is filled with the kind of character and warmth families love (and are always on the hunt for). Recent newer siding pairs perfectly with the home's solid foundation and great bones, giving you confidence and a strong head start for future updates. Step inside to a beautiful foyer featuring the original staircase, French door entrance to the spacious living room, a semi-updated kitchen, main level laundry room, bathroom and main level master bedroom. The three bedrooms on the second level are generously sized, offering flexibility for kids, guests, hobbies, or that cozy home office you've been dreaming about. Outside, the ¼-acre yard is ready for fun-think playtime, pets, gardens, bonfires, or backyard BBQs. There's plenty of room to enjoy life both inside and out. Packed with potential and original local charm, this home is a wonderful match for families looking to build sweat equity or investors searching for their next project. Located in a friendly neighborhood near schools, parks, and community amenities, 608 S Broadway St is ready to start its next chapter-maybe with you!

20. 2008-07-02
    soldstatus $70,000

ⓘ 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: $2,104 · $175/mo
• Projected year-2 tax: $2,104 · $175/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 7/10 Severe
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 15 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: $13,186
• − Mortgage interest: −$4,425
• − Property taxes: −$2,104
• − Insurance: −$395
• − Repairs & maintenance: −$1,055
• − Management: −$1,055
• − Depreciation: −$2,298
• Taxable income: $1,854
• Est. tax owed @ 24.0%: −$445
• After-tax cash flow: $2,502/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: South Tama County
• NCES district ID: 1926730
• Math proficiency: 44% ▼ -14.00%
• Reading proficiency: 50% ▼ -7.00%
• Median HH income: $46,147
• Composite: 39.91/100
• National rank: #3853
• State rank: #287 of 289 in IA

Livability — Toledo

• Score: 74/100
• State rank: #245
• US rank: #4722

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: Toledo, IA
• Population (ZIP): 2,898

Population outlook (Tama County) Hauer SSP2

• Today (2025): 16,690 people
• By 2030: 16,217 · -2.8%
• By 2040: 15,207 · -8.9%
• By 2050: 14,186 · -15.0%
• By 2075: 12,228 · -26.7%
• By 2100: 10,386 · -37.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 7% Native American 6% Two or more races 3% Black 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Portuguese 2% Iranian 2% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 94% English-only · Spanish 4%

Political lean MEDSL · Tama

• 2024 margin: Strong R (+26.9) · D 35.7% · R 62.6% · Other 1.7%
• 2008→2024 swing: -39.1pp toward R · 2008: 12.2pp · 2024: -26.9pp
• All cycles: 2024: R+26.9 2020: R+19.1 2016: R+20.6 2012: D+7.4 2008: D+12.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.78%
• Current HPI: 195.2678
• 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

+28.6% since first listed

4 events — show timeline

• 2026-04-06 Price Changed $90,000 DMMLS
• 2026-02-24 Price Changed $95,000 DMMLS
• 2025-12-15 Listed $105,000 DMMLS
• 2008-07-02 Sold (Public Records) $70,000 Public Records

Property tax history

+6.2%/yr

Latest (2025): $2,104 · +4.9% YoY. Source: county tax records.