115 W Mclane St · Osceola, IA 50213

$128,900

3 bd · 1.5 ba · 2,196 sqft · SingleFamily public records · 108 Days on market

Built 1920 6,098 sqft lot $59/sqft · 31% below area Est $187k · 31% under

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Why this score? — see what drove the B 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 +21.8/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +7.0/10.0
• 1% rule +6.1/10.0
• Schools +4.4/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Why rent when you can own this large, recently updated home offering space, flexibility, and opportunity—all at a price cheaper than rent? Centrally located near the intersection of Highways 34 & 69, this property delivers convenience, visibility, and incredible potential for whatever vision you may have. Inside, you’ll find generous living spaces with recent updates that make the home move-in ready while still leaving room to add your personal touch. With plenty of square footage, there’s room for the whole family to spread out, entertain, work from home, or create hobby areas. The prime location offers quick access in every direction—ideal for commuters or anyone looking for a property with flexible possibilities. Whether you're searching for an affordable primary residence, investment opportunity, or space to bring your ideas to life, this home checks the boxes. Don’t miss your chance to own a centrally located property with room to grow and priced to make sense!

Key facts

• Move-in ready
• Quick access
• Prime location

Tags

• GENEROUS LIVING SPACES
• MOVE-IN READY
• PRIME LOCATION
• QUICK ACCESS

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $129k.

Deal economics

• At list price, monthly cash flow is $200 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $129k).
• Recommended offer: $117k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.2% 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; 125 units permitted in Clarke County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $14k of equity ($891 loan paydown + $13k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 108 days — a 9% lower offer ($117k) is reasonable based on typical stale-listing flexibility.
• 7 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 $75k; list at $129k implies a 72% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $117,299 (9.0% below list)

Questions for the listing agent

1. It's been on market 108 days. Have you received any prior offers? Is the seller open to a 9% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.11% ✓
• Cap rate: 8.16%
• Cash-on-cash: 6.65%
• DSCR: 1.30
• GRM: 7.5

CMA / ARV

• ARV (median comp): $187,182
• List price: $128,900
• Delta: -31.14%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
314 S Fillmore St	0.09mi	3/2.0	2,240 (+2%)	8mo	$252,500	$113	84
116 W Grant St	0.09mi	3/1.5	2,052 (-7%)	6mo	$205,000	$100	79
725 S Jackson St	0.30mi	3/2.0	2,163 (-2%)	12mo	$198,500	$92	72
600 S Lincoln St	0.35mi	3/2.0	2,408 (+10%)	11mo	$232,000	$96	56
611 S Fillmore St	0.18mi	3/2.0	1,902 (-13%)	15mo	$128,000	$67	55
130 S Jackson St	0.26mi	4/2.0 (+1)	2,087 (-5%)	23mo	$156,000	$75	53
530 N Fillmore St	0.68mi	4/1.0 (+1)	2,239 (+2%)	22mo	$175,000	$78	40
209 Manor Dr	0.74mi	4/3.5 (+1)	2,443 (+11%)	1mo	$307,500	$126	33
500 N Main St	0.64mi	4/2.0 (+1)	1,914 (-13%)	23mo	$252,000	$132	22

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: 29.1%
• Equity multiple: 3.30×
• Total profit: $82,935
• Equity at exit: $116,066

10-year hold

• IRR: 25.3%
• Equity multiple: 7.49×
• Total profit: $234,291
• Equity at exit: $250,239

Cash invested: $36,092 (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: 7.5×

Monthly cashflow live

• Estimated rent: $1,434 medium
• Mortgage (P&I): −$676
• Tax from tax record: −$203 /mo · $2,435/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $200

Break-even live

Break-even rent $1,180

Max offer price $128,900

Occupancy floor 81%

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: $32,225
• Closing costs: $3,867
• Reserves months: —
• Total cash needed: —

Listing history 45 events

1. 2026-06-18
   days on market $128,900 Active 108 DOM
2. 2026-06-17
   days on market $128,900 Active 107 DOM
3. 2026-06-16
   days on market $128,900 Active 106 DOM
4. 2026-06-15
   days on market $128,900 Active 105 DOM
5. 2026-06-14
   days on market $128,900 Active 103 DOM
6. 2026-06-13
   days on market $128,900 Active 102 DOM
7. 2026-06-10
   days on market $128,900 Active 100 DOM
8. 2026-06-09
   days on market $128,900 Active 99 DOM
9. 2026-06-08
   days on market $128,900 Active 98 DOM
10. 2026-06-07
    days on market $128,900 Active 97 DOM
11. 2026-06-03
    days on market $128,900 Active 93 DOM
12. 2026-06-02
    days on market $128,900 Active 92 DOM
13. 2026-06-01
    days on market $128,900 Active 91 DOM
14. 2026-05-31
    days on market $128,900 Active 90 DOM
15. 2026-05-31
    days on market $128,900 Active 89 DOM
16. 2026-04-27
    price $128,900 1016-char remark

    Show marketing remark (1016 chars)

    Why rent when you can own this large, recently updated home offering space, flexibility, and opportunity—all at a price cheaper than rent? Centrally located near the intersection of Highways 34 & 69, this property delivers convenience, visibility, and incredible potential for whatever vision you may have. Inside, you’ll find generous living spaces with recent updates that make the home move-in ready while still leaving room to add your personal touch. With plenty of square footage, there’s room for the whole family to spread out, entertain, work from home, or create hobby areas. The prime location offers quick access in every direction—ideal for commuters or anyone looking for a property with flexible possibilities. Whether you're searching for an affordable primary residence, investment opportunity, or space to bring your ideas to life, this home checks the boxes. Don’t miss your chance to own a centrally located property with room to grow and priced to make sense!

17. 2026-03-02
    listed $133,900 Active 1016-char remark

    Show marketing remark (1016 chars)

    Why rent when you can own this large, recently updated home offering space, flexibility, and opportunity—all at a price cheaper than rent? Centrally located near the intersection of Highways 34 & 69, this property delivers convenience, visibility, and incredible potential for whatever vision you may have. Inside, you’ll find generous living spaces with recent updates that make the home move-in ready while still leaving room to add your personal touch. With plenty of square footage, there’s room for the whole family to spread out, entertain, work from home, or create hobby areas. The prime location offers quick access in every direction—ideal for commuters or anyone looking for a property with flexible possibilities. Whether you're searching for an affordable primary residence, investment opportunity, or space to bring your ideas to life, this home checks the boxes. Don’t miss your chance to own a centrally located property with room to grow and priced to make sense!

18. 2025-09-08
    soldstatus $75,000
19. 2025-09-05
    soldstatus $75,000 Closed 896-char remark

    Show marketing remark (896 chars)

    Welcome to this enchanting 1920s gem located in the heart of Osceola, IA. This versatile property, offering both residential comfort and commercial potential, is perfect for those seeking a home with historic charm or a prime location for a business venture. Key features include 3 spacious bedrooms for a growing family or an office setup, 1.5 bathrooms perfectly situated for guests or clients, a fireplace for those Iowa winters, historic 1920's architecture, and great outdoor space for a family garden or office meeting. Whether you envision this property as your next family home or the site of your thriving business, it offers unparalleled charm, flexibility, and potential. Don't miss the opportunity to own a piece of Osceola's history while enjoying the benefits of modern living or business operations. Schedule your showing today to experience the endless possibilities of this home.

20. 2025-08-29
    soldstatus $75,000 Closed
21. 2025-08-15
    status Pending

    Show marketing remark (896 chars)

    Welcome to this enchanting 1920s gem located in the heart of Osceola, IA. This versatile property, offering both residential comfort and commercial potential, is perfect for those seeking a home with historic charm or a prime location for a business venture. Key features include 3 spacious bedrooms for a growing family or an office setup, 1.5 bathrooms perfectly situated for guests or clients, a fireplace for those Iowa winters, historic 1920's architecture, and great outdoor space for a family garden or office meeting. Whether you envision this property as your next family home or the site of your thriving business, it offers unparalleled charm, flexibility, and potential. Don't miss the opportunity to own a piece of Osceola's history while enjoying the benefits of modern living or business operations. Schedule your showing today to experience the endless possibilities of this home.

22. 2025-08-15
    status Pending 896-char remark

    Show marketing remark (896 chars)

    Welcome to this enchanting 1920s gem located in the heart of Osceola, IA. This versatile property, offering both residential comfort and commercial potential, is perfect for those seeking a home with historic charm or a prime location for a business venture. Key features include 3 spacious bedrooms for a growing family or an office setup, 1.5 bathrooms perfectly situated for guests or clients, a fireplace for those Iowa winters, historic 1920's architecture, and great outdoor space for a family garden or office meeting. Whether you envision this property as your next family home or the site of your thriving business, it offers unparalleled charm, flexibility, and potential. Don't miss the opportunity to own a piece of Osceola's history while enjoying the benefits of modern living or business operations. Schedule your showing today to experience the endless possibilities of this home.

23. 2025-08-11
    price $99,000

    Show marketing remark (896 chars)

    Welcome to this enchanting 1920s gem located in the heart of Osceola, IA. This versatile property, offering both residential comfort and commercial potential, is perfect for those seeking a home with historic charm or a prime location for a business venture. Key features include 3 spacious bedrooms for a growing family or an office setup, 1.5 bathrooms perfectly situated for guests or clients, a fireplace for those Iowa winters, historic 1920's architecture, and great outdoor space for a family garden or office meeting. Whether you envision this property as your next family home or the site of your thriving business, it offers unparalleled charm, flexibility, and potential. Don't miss the opportunity to own a piece of Osceola's history while enjoying the benefits of modern living or business operations. Schedule your showing today to experience the endless possibilities of this home.

24. 2025-08-11
    price $99,000 896-char remark

    Show marketing remark (896 chars)

    Welcome to this enchanting 1920s gem located in the heart of Osceola, IA. This versatile property, offering both residential comfort and commercial potential, is perfect for those seeking a home with historic charm or a prime location for a business venture. Key features include 3 spacious bedrooms for a growing family or an office setup, 1.5 bathrooms perfectly situated for guests or clients, a fireplace for those Iowa winters, historic 1920's architecture, and great outdoor space for a family garden or office meeting. Whether you envision this property as your next family home or the site of your thriving business, it offers unparalleled charm, flexibility, and potential. Don't miss the opportunity to own a piece of Osceola's history while enjoying the benefits of modern living or business operations. Schedule your showing today to experience the endless possibilities of this home.

25. 2025-08-08
    price $109,000

    Show marketing remark (896 chars)

    Welcome to this enchanting 1920s gem located in the heart of Osceola, IA. This versatile property, offering both residential comfort and commercial potential, is perfect for those seeking a home with historic charm or a prime location for a business venture. Key features include 3 spacious bedrooms for a growing family or an office setup, 1.5 bathrooms perfectly situated for guests or clients, a fireplace for those Iowa winters, historic 1920's architecture, and great outdoor space for a family garden or office meeting. Whether you envision this property as your next family home or the site of your thriving business, it offers unparalleled charm, flexibility, and potential. Don't miss the opportunity to own a piece of Osceola's history while enjoying the benefits of modern living or business operations. Schedule your showing today to experience the endless possibilities of this home.

26. 2025-08-08
    price $109,000 896-char remark

    Show marketing remark (896 chars)

    Welcome to this enchanting 1920s gem located in the heart of Osceola, IA. This versatile property, offering both residential comfort and commercial potential, is perfect for those seeking a home with historic charm or a prime location for a business venture. Key features include 3 spacious bedrooms for a growing family or an office setup, 1.5 bathrooms perfectly situated for guests or clients, a fireplace for those Iowa winters, historic 1920's architecture, and great outdoor space for a family garden or office meeting. Whether you envision this property as your next family home or the site of your thriving business, it offers unparalleled charm, flexibility, and potential. Don't miss the opportunity to own a piece of Osceola's history while enjoying the benefits of modern living or business operations. Schedule your showing today to experience the endless possibilities of this home.

27. 2025-06-24
    listed $119,000 Active

    Show marketing remark (896 chars)

    Welcome to this enchanting 1920s gem located in the heart of Osceola, IA. This versatile property, offering both residential comfort and commercial potential, is perfect for those seeking a home with historic charm or a prime location for a business venture. Key features include 3 spacious bedrooms for a growing family or an office setup, 1.5 bathrooms perfectly situated for guests or clients, a fireplace for those Iowa winters, historic 1920's architecture, and great outdoor space for a family garden or office meeting. Whether you envision this property as your next family home or the site of your thriving business, it offers unparalleled charm, flexibility, and potential. Don't miss the opportunity to own a piece of Osceola's history while enjoying the benefits of modern living or business operations. Schedule your showing today to experience the endless possibilities of this home.

28. 2025-06-24
    listed $119,000 Active 896-char remark

    Show marketing remark (896 chars)

    Welcome to this enchanting 1920s gem located in the heart of Osceola, IA. This versatile property, offering both residential comfort and commercial potential, is perfect for those seeking a home with historic charm or a prime location for a business venture. Key features include 3 spacious bedrooms for a growing family or an office setup, 1.5 bathrooms perfectly situated for guests or clients, a fireplace for those Iowa winters, historic 1920's architecture, and great outdoor space for a family garden or office meeting. Whether you envision this property as your next family home or the site of your thriving business, it offers unparalleled charm, flexibility, and potential. Don't miss the opportunity to own a piece of Osceola's history while enjoying the benefits of modern living or business operations. Schedule your showing today to experience the endless possibilities of this home.

29. 2025-06-13
    historical
30. 2025-05-03
    historical
31. 2025-04-28
    price $129,900
32. 2025-04-28
    price $129,900
33. 2025-04-28
    price $129,900
34. 2025-03-11
    price $144,000
35. 2025-03-11
    price $144,000
36. 2025-03-11
    price $144,000
37. 2024-12-18
    listed $154,000 Active
38. 2024-12-18
    listed $154,000 Active
39. 2016-05-13
    soldstatus $65,000
40. 2015-05-29
    soldstatus $65,000
41. 2015-05-22
    soldstatus $65,000
42. 2015-05-22
    soldstatus $65,000
43. 2014-11-17
    listed $67,500
44. 2014-11-17
    listed $67,500
45. 1984-06-28
    soldstatus $30,000

ⓘ 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: $2,435 · $203/mo
• Projected year-2 tax: $2,435 · $203/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $17,204
• − Mortgage interest: −$7,220
• − Property taxes: −$2,435
• − Insurance: −$644
• − Repairs & maintenance: −$1,376
• − Management: −$1,376
• − Depreciation: −$3,750
• Taxable income: $402
• Est. tax owed @ 24.0%: −$96
• After-tax cash flow: $2,304/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

+329.7% since first listed

30 events — show timeline

• 2026-04-27 Price Changed $128,900 IAR
• 2026-03-02 Listed $133,900 IAR
• 2025-09-08 Sold (Public Records) $75,000 Public Records
• 2025-09-05 Sold (MLS) $75,000 DMMLS
• 2025-08-29 Sold (MLS) $75,000 IAR
• 2025-08-15 Pending — IAR
• 2025-08-15 Pending — DMMLS
• 2025-08-11 Price Changed $99,000 IAR
• 2025-08-11 Price Changed $99,000 DMMLS
• 2025-08-08 Price Changed $109,000 IAR
• 2025-08-08 Price Changed $109,000 DMMLS
• 2025-06-24 Listed $119,000 IAR
• 2025-06-24 Listed $119,000 DMMLS
• 2025-06-13 Listing Removed — DMMLS
• 2025-05-03 Delisted — IAR
• 2025-04-28 Price Changed $129,900 IAR
• 2025-04-28 Price Changed $129,900 CIBOR
• 2025-04-28 Price Changed $129,900 DMMLS
• 2025-03-11 Price Changed $144,000 IAR
• 2025-03-11 Price Changed $144,000 CIBOR
• 2025-03-11 Price Changed $144,000 DMMLS
• 2024-12-18 Listed $154,000 IAR
• 2024-12-18 Listed $154,000 DMMLS
• 2016-05-13 Sold (Public Records) $65,000 Public Records
• 2015-05-29 Sold (Public Records) $65,000 Public Records
• 2015-05-22 Sold (MLS) $65,000 IAR
• 2015-05-22 Sold (MLS) $65,000 NORTHSTARMLS as Distributed by MLS Grid
• 2014-11-17 Listed $67,500 IAR
• 2014-11-17 Listed $67,500 NORTHSTARMLS as Distributed by MLS Grid
• 1984-06-28 Sold (Public Records) $30,000 Public Records

Property tax history

+2.1%/yr

Latest (2025): $2,435 · +6.0% YoY. Source: county tax records.