300 N Fillmore St · Osceola, IA 50213

$146,850

3 bd · 1.0 ba · 1,240 sqft · SingleFamily public records · 3 Days on market

Built 1920 5,183 sqft lot Est $156k · 6% 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 +13.6/30.0
• ARV discount +10.2/15.0
• Appreciation +10.0/10.0
• Schools +4.4/10.0
• DSCR +4.1/10.0
• Livability +3.7/5.0
• 1% rule +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Super sweet 3 Bedroom with bonus space! Counter's galore in this oversized galley style kitchen with outside access for your grill! New front deck, one full bath down and 1/2 bath up, dining room, large living room, detached garage, original hardwood floors and trim in upper level, main level laundry and cute back yard! Permanent siding, paved driveway, corner lot in a convenient location!

Key facts

• 5,183 sq ft lot
• Garage
• Built 1920

Property features AI

Exterior

• Parking: Detached one-car garage
• Utilities: Public water; Public sewer
• Home design: Single-story home; Resale property
• Construction: Metal siding; Asphalt shingle roof; Crawl space foundation; Built with residential zoning
• Exterior features: Rectangular lot; Concrete road access

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Stove
• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom; 1 half bathroom
• Interior features: Cable TV
• Laundry & utility: Washer; Dryer; Laundry on main level

Heating & cooling

• Heating & cooling: Forced air heating (natural gas); Central air conditioning

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $147k.

Deal economics

• At list price, monthly cash flow is $8 ($100/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $118k (19.3% below list).
• Recommended offer: $118k (19.3% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 4.2% in Osceola — 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 74/100 on livability (#253 in IA, #4,874 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: amenities F, commute F.
• Clarke Community School District (town): math 47% / reading 58% proficiency, ranked #275 of 289 in IA (top 95%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 52 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 125 units permitted in Clarke County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $41k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 3y 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 $110k; 33% 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 $118,480 (19.3% below list)

Questions for the listing agent

1. Built in 1920 — 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. 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.
4. 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.
5. 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: 0.81% ✗
• Cap rate: 6.36%
• Cash-on-cash: 0.24%
• DSCR: 1.01
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $156,240
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
215 N Lincoln St	0.22mi	3/2.0	1,248 (+1%)	3mo	$260,000	$208	83
214 N Fillmore St	0.07mi	2/1.5 (-1)	1,238 (-0%)	9mo	$40,000	$32	82
128 W Logan St	0.12mi	4/2.0 (+1)	1,320 (+6%)	7mo	$54,000	$41	69
301 E Washington St	0.38mi	3/2.0	1,201 (-3%)	7mo	$114,500	$95	67
425 E Ayers St	0.48mi	3/1.0	1,136 (-8%)	3mo	$187,500	$165	62
114 W Ayers St	0.09mi	2/2.0 (-1)	1,092 (-12%)	8mo	$155,000	$142	60
205 N Park St	0.24mi	3/2.0	1,390 (+12%)	9mo	$175,000	$126	57
321 S Ridge Rd	0.75mi	2/1.5 (-1)	1,232 (-1%)	6mo	$150,000	$122	52
602 S Fillmore St	0.67mi	2/1.0 (-1)	1,078 (-13%)	1mo	$100,000	$93	42
707 S Fillmore St	0.74mi	3/2.0	1,350 (+9%)	7mo	$158,000	$117	41
110 N Osceola St	0.62mi	2/3.0 (-1)	1,077 (-13%)	0mo	$219,000	$203	36
419 E Grant St	0.72mi	2/1.0 (-1)	1,080 (-13%)	7mo	$171,000	$158	34

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

Projected returns pro-forma

9.99% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.4%
• Equity multiple: 2.96×
• Total profit: $80,414
• Equity at exit: $132,229

10-year hold

• IRR: 21.6%
• Equity multiple: 6.75×
• Total profit: $236,300
• Equity at exit: $285,086

Cash invested: $41,118 (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 50213

• Home prices YoY: 4.8%
• Active inventory: 52
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,185 medium
• Mortgage (P&I): −$770
• Tax from tax record: −$96 /mo · $1,156/yr
• Insurance: −$61
• HOA: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $8

Break-even live

Break-even rent $1,174

Max offer price $146,850

Occupancy floor 94%

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: $36,712
• Closing costs: $4,406
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
113 W Clay St #2 Osceola, IA	2.0	1.0	1008	$995	$0.99	19d	1	0.06mi
422 S Gustin Unit 1 Osceola, IA	2.0	1.0	750	$300	$0.40	2d	1	0.76mi
332 Wildflower Dr Osceola, IA	3.0	2.0	1240	$1,235	$1.00	2d	3	1.33mi
502 Wildflower Dr Osceola, IA	3.0	1.0–2.0	1098	$1,152	$1.05	2d	8	1.36mi

Listing history 3 events

1. 2026-06-18
   days on market $146,850 Active 3 DOM
2. 2026-06-17
   days on market $146,850 Active 2 DOM
3. 2026-06-15
   listed $146,850 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: $1,156 · $96/mo
• Projected year-2 tax: $1,731 · $144/mo
• Expected delta: +$575/yr (+$48/mo · 49.7%)

ⓘ 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 ≥104°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: $14,218
• − Mortgage interest: −$8,226
• − Property taxes: −$1,156
• − Insurance: −$734
• − Repairs & maintenance: −$1,137
• − Management: −$1,137
• − Depreciation: −$4,272
• Taxable loss: −$2,445
• Est. tax savings @ 24.0%: +$587
• After-tax cash flow: $687/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: Clarke Community School District
• NCES district ID: 1907410
• Math proficiency: 47% ▼ -8.00%
• Reading proficiency: 58% ▲ 1.00%
• Median HH income: $44,866
• Composite: 44.33/100
• National rank: #2825
• State rank: #275 of 289 in IA

Livability — Osceola

• Score: 74/100
• State rank: #253
• US rank: #4874

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Osceola, IA
• County: Clarke County · 7,489 people
• City population: 7,489
• Metro: nan
• Population (ZIP): 7,489
• Household income: $73,026
• Rent vs Own: 31.2% rent · 68.8% own
• Severe rent burden: 102.0

Population outlook (Clarke County) Hauer SSP2

• Today (2025): 9,307 people
• By 2030: 9,294 · -0.1%
• By 2040: 9,259 · -0.5%
• By 2050: 9,345 · +0.4%
• By 2075: 10,219 · +9.8%
• By 2100: 11,526 · +23.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 20% Two or more races 8%
• Hispanic origin (detail): Mexican 19%
• Common ancestry: Portuguese 2% Iranian 2% Lithuanian 2%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 13% Other Asian/Pacific 1%

Political lean MEDSL · Clarke

• 2024 margin: Solid R (+42.0) · D 28.4% · R 70.4% · Other 1.2%
• 2008→2024 swing: -44.3pp toward R · 2008: 2.2pp · 2024: -42.0pp
• All cycles: 2024: R+42.0 2020: R+35.9 2016: R+28.2 2012: D+1.4 2008: D+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 9.99%
• Current HPI: 216.6704
• Rent YoY: —
• Metro: nan
• 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

+607.7% since first listed

11 events — show timeline

• 2026-06-15 Listed $146,850 DMMLS
• 2023-08-03 Listing Removed — DMMLS
• 2023-08-03 Listed $110,500 DMMLS
• 2023-05-30 Sold (Public Records) $110,500 Public Records
• 2023-05-30 Sold (MLS) $110,500 IAR
• 2023-03-30 Pending — IAR
• 2023-03-14 Price Changed $109,500 IAR
• 2023-02-17 Price Changed $112,500 IAR
• 2023-01-19 Price Changed $119,000 IAR
• 2023-01-12 Listed $124,900 IAR
• 1977-04-23 Sold (Public Records) $20,750 Public Records

Property tax history

+2.2%/yr

Latest (2025): $1,156 · -0.3% YoY. Source: county tax records.