323 Walnut St · Milo, IA 50166

$100,000

3 bd · 1.0 ba · 1,171 sqft · SingleFamily public records · 6 Days on market

Built 1900 8,700 sqft lot $85/sqft · 47% below area Est $187k · 47% 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 +24.8/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +8.0/10.0
• 1% rule +6.2/10.0
• Schools +5.8/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Don't miss out on this home that is cheaper than rent! This home has a large entry area that could be used as a dining area, craft room or ? The good sized kitchen has a sliding door that goes to the patio and fully fenced yard. The living room is spacious with a potential bedroom off of the living room. The laundry hookups and full bathroom are on the main level. Upstairs there is an open area that would make a great play or gaming room and 2 more bedrooms. Seller is willing to sell on a 3yr contract with a balloon payment, and a minimum of $12,000 down.

Key facts

• 8,700 sq ft lot
• Garage
• Built 1900

Property features AI

Exterior

• Parking: Detached one-car garage
• Utilities: Public water; Public sewer
• Home design: Residential zoning; Metal roof
• Construction: Construction details: see remarks
• Exterior features: Fully fenced yard; Open patio; Storage structure; Chain link full fence; Concrete road access; Rectangular lot

Interior

• Kitchen: Stove
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas heating
• Interior features: Crawl space basement
• Laundry & utility: Laundry on main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $211 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).

Location & tenants

• Location reads 66/100 on livability (#505 in IA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A, schools B+; Watch: amenities F, commute F, health & safety F.
• Southeast Warren Community School District (rural): math 65% / reading 70% proficiency, ranked #162 of 289 in IA (top 56%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 12 active listings in the ZIP; 439 units permitted in Warren County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $11k of equity ($691 loan paydown + $10k appreciation (10.0% local appreciation)).
• Warren County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 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.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $100,000

Questions for the listing agent

1. Built in 1900 — 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. 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?
4. 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.
5. 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.
6. 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: 1.12% ✓
• Cap rate: 8.82%
• Cash-on-cash: 9.03%
• DSCR: 1.40
• GRM: 7.4

CMA / ARV

• ARV (median comp): $187,315
• List price: $100,000
• Delta: -46.61%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
329 Spruce St	0.07mi	3/1.0	1,008 (-14%)	5mo	$209,050	$207	70
212 Pine St	0.31mi	3/1.0	1,070 (-9%)	3mo	$125,900	$118	68
102 N 4th St	0.21mi	3/2.0	1,120 (-4%)	15mo	$212,000	$189	67
207 Elm St	0.43mi	3/2.0	1,288 (+10%)	1mo	$215,000	$167	58
312 Elm St	0.44mi	2/1.0 (-1)	1,056 (-10%)	20mo	$134,900	$128	42
105 E Elm St	0.48mi	3/2.0	1,008 (-14%)	23mo	$151,000	$150	31

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 30.9%
• Equity multiple: 3.42×
• Total profit: $67,891
• Equity at exit: $90,088

10-year hold

• IRR: 26.7%
• Equity multiple: 7.76×
• Total profit: $189,391
• Equity at exit: $194,278

Cash invested: $28,000 (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 50166

• Home prices YoY: 13.1%
• Active inventory: 12
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,124 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$111 /mo · $1,336/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $211

Break-even live

Break-even rent $857

Max offer price $100,000

Occupancy floor 76%

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-05-11
   status Pending 436-char remark
2. 2026-05-05
   listed $100,000 Active 436-char remark
3. 2022-05-27
   soldstatus $100,000
4. 2021-11-30
   soldstatus $100,000 Closed 561-char remark

   Show marketing remark (561 chars)

   Don't miss out on this home that is cheaper than rent! This home has a large entry area that could be used as a dining area, craft room or ? The good sized kitchen has a sliding door that goes to the patio and fully fenced yard. The living room is spacious with a potential bedroom off of the living room. The laundry hookups and full bathroom are on the main level. Upstairs there is an open area that would make a great play or gaming room and 2 more bedrooms. Seller is willing to sell on a 3yr contract with a balloon payment, and a minimum of $12,000 down.

5. 2021-11-13
   status Pending 561-char remark

   Show marketing remark (561 chars)

   Don't miss out on this home that is cheaper than rent! This home has a large entry area that could be used as a dining area, craft room or ? The good sized kitchen has a sliding door that goes to the patio and fully fenced yard. The living room is spacious with a potential bedroom off of the living room. The laundry hookups and full bathroom are on the main level. Upstairs there is an open area that would make a great play or gaming room and 2 more bedrooms. Seller is willing to sell on a 3yr contract with a balloon payment, and a minimum of $12,000 down.

6. 2021-11-04
   status Active 561-char remark

   Show marketing remark (561 chars)

   Don't miss out on this home that is cheaper than rent! This home has a large entry area that could be used as a dining area, craft room or ? The good sized kitchen has a sliding door that goes to the patio and fully fenced yard. The living room is spacious with a potential bedroom off of the living room. The laundry hookups and full bathroom are on the main level. Upstairs there is an open area that would make a great play or gaming room and 2 more bedrooms. Seller is willing to sell on a 3yr contract with a balloon payment, and a minimum of $12,000 down.

7. 2021-10-26
   status Pending 561-char remark

   Show marketing remark (561 chars)

   Don't miss out on this home that is cheaper than rent! This home has a large entry area that could be used as a dining area, craft room or ? The good sized kitchen has a sliding door that goes to the patio and fully fenced yard. The living room is spacious with a potential bedroom off of the living room. The laundry hookups and full bathroom are on the main level. Upstairs there is an open area that would make a great play or gaming room and 2 more bedrooms. Seller is willing to sell on a 3yr contract with a balloon payment, and a minimum of $12,000 down.

8. 2021-10-14
   listed $100,000 Active 561-char remark

   Show marketing remark (561 chars)

   Don't miss out on this home that is cheaper than rent! This home has a large entry area that could be used as a dining area, craft room or ? The good sized kitchen has a sliding door that goes to the patio and fully fenced yard. The living room is spacious with a potential bedroom off of the living room. The laundry hookups and full bathroom are on the main level. Upstairs there is an open area that would make a great play or gaming room and 2 more bedrooms. Seller is willing to sell on a 3yr contract with a balloon payment, and a minimum of $12,000 down.

9. 2013-12-11
   soldstatus $14,900

   Show marketing remark (69 chars)

   2 story home in Milo, IA. Home is sold "as is" - needs TLC.

10. 2013-09-27
    listed $14,900

    Show marketing remark (69 chars)

    2 story home in Milo, IA. Home is sold "as is" - needs TLC.

ⓘ 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: $1,336 · $111/mo
• Projected year-2 tax: $1,453 · $121/mo
• Expected delta: +$117/yr (+$10/mo · 8.8%)

ⓘ 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,490
• − Mortgage interest: −$5,602
• − Property taxes: −$1,336
• − Insurance: −$500
• − Repairs & maintenance: −$1,079
• − Management: −$1,079
• − Depreciation: −$2,909
• Taxable income: $985
• Est. tax owed @ 24.0%: −$236
• After-tax cash flow: $2,292/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: Southeast Warren Community School District
• NCES district ID: 1926850
• Math proficiency: 65% ▼ -1.00%
• Reading proficiency: 70% ▲ 2.00%
• Median HH income: $60,443
• Composite: 58.28/100
• National rank: #1018
• State rank: #162 of 289 in IA

Livability — Milo

• Score: 66/100
• State rank: #505
• US rank: #11233

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Milo, IA
• Population (ZIP): 2,083

Population outlook (Warren County) Hauer SSP2

• Today (2025): 54,222 people
• By 2030: 56,863 · +4.9%
• By 2040: 61,691 · +13.8%
• By 2050: 65,939 · +21.6%
• By 2075: 75,626 · +39.5%
• By 2100: 80,425 · +48.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 9% Hispanic / Latino 9%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Iranian 17% Italian 7% Portuguese 5%
• Foreign-born: 4% · Canada
• Languages at home: 91% English-only · Spanish 9%

Political lean MEDSL · Warren

• 2024 margin: Strong R (+20.7) · D 38.9% · R 59.7% · Other 1.4%
• 2008→2024 swing: -21.4pp toward R · 2008: 0.6pp · 2024: -20.7pp
• All cycles: 2024: R+20.7 2020: R+16.8 2016: R+16.4 2012: R+2.0 2008: D+0.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 30.77%
• Current HPI: 266.5546
• 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

+571.1% since first listed

10 events — show timeline

• 2026-05-11 Pending — DMMLS
• 2026-05-05 Listed $100,000 DMMLS
• 2022-05-27 Sold (Public Records) $100,000 Public Records
• 2021-11-30 Sold (MLS) $100,000 DMMLS
• 2021-11-13 Pending — DMMLS
• 2021-11-04 Relisted — DMMLS
• 2021-10-26 Pending — DMMLS
• 2021-10-14 Listed $100,000 DMMLS
• 2013-12-11 Sold (MLS) $14,900 DMMLS
• 2013-09-27 Listed $14,900 DMMLS

Property tax history

+4.3%/yr

Latest (2025): $1,336 · +2.1% YoY. Source: county tax records.