214 N 3rd St · Clinton, IA 52732

$69,900

2 bd · 1.0 ba · 800 sqft · SingleFamily public records · 4 Days on market

Built 1940 2,831 sqft lot

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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 +23.5/30.0
• DSCR +7.5/10.0
• ARV discount +7.5/15.0
• 1% rule +5.9/10.0
• Schools +4.5/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This cute updated home is waiting for you!! Within the past 10 years this home has upgrades that include updated electrical wiring, newer windows and plumbing. The the vinyl floor and updated bathroom complete this beautiful home for it's new owner. Enjoy the sunrise on the enclosed front porch. Schedule your private showing today.

Key facts

• Newer windows
• Updated bathroom
• Enclosed front porch

Tags

• UPDATED ELECTRICAL WIRING
• NEWER WINDOWS
• UPDATED BATHROOM
• ENCLOSED FRONT PORCH

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story layout; Built before 1978
• Construction: Vinyl siding exterior; Brick/mortar foundation; Asphalt roof; Approximately 80+ years old
• Exterior features: Corner lot

Interior

• Kitchen: Range; Microwave; Refrigerator
• Bedrooms: Two bedrooms (both on the main level); Master bedroom on the main level
• Flooring: Hardwood flooring in most main rooms; Luxury vinyl in the living room
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas heat; Central air conditioning
• Interior features: Five total rooms; Full, unfinished basement
• Laundry & utility: Washer; Dryer; Laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $130 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($762 rent vs $70k).
• Cap rate 8.5% vs local median 6.7% in Clinton — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 75/100 on livability (#222 in IA, #4,192 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, crime D, employment D.
• Clinton Community School District (town): math 52% / reading 56% proficiency, ranked #273 of 289 in IA (top 94%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 246 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 116 units permitted in Clinton County in 2024 (50 in 5+ unit buildings).
• This rent is only 15% of the median local income ($61k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Clinton County population projected at -19% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 24y 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 $44k; list at $70k implies a 57% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $69,900

Questions for the listing agent

1. Built in 1940 — 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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.09% ✓
• Cap rate: 8.53%
• Cash-on-cash: 7.97%
• DSCR: 1.35
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $44,800
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
235 4th Ave N	0.08mi	2/1.0	785 (-2%)	3mo	$24,900	$32	90
319 3rd Ave N	0.04mi	2/—	790 (-1%)	17mo	$2,500	$3	82
410 N 3rd St	0.09mi	2/1.5	740 (-8%)	2mo	$17,000	$23	80
500 4th Ave N	0.27mi	1/1.0 (-1)	812 (+2%)	5mo	$84,500	$104	76
515 N Bluff Blvd	0.37mi	2/1.0	788 (-2%)	16mo	$44,000	$56	66
204 Adams Pl	0.50mi	2/1.0	847 (+6%)	1mo	$78,400	$93	66
617 N 5th St	0.34mi	3/1.0 (+1)	826 (+3%)	14mo	$44,500	$54	62
622 N 4th St	0.30mi	2/1.0	726 (-9%)	15mo	$24,250	$33	58
435 3rd Ave N	0.21mi	2/1.0	918 (+15%)	10mo	$56,000	$61	57
515 1st Ave	0.32mi	2/1.0	917 (+15%)	6mo	$96,500	$105	55
725 4th Ave S	0.73mi	1/1.0 (-1)	816 (+2%)	15mo	$45,000	$55	45
532 8th Ave S	0.72mi	1/1.0 (-1)	720 (-10%)	12mo	$69,000	$96	35

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -4.1%
• Equity multiple: 0.84×
• Total profit: $-3,040
• Equity at exit: $10,422

10-year hold

• IRR: 5.5%
• Equity multiple: 1.41×
• Total profit: $8,037
• Equity at exit: $6,044

Cash invested: $19,572 (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 52732

• Home prices YoY: -34.9%
• Active inventory: 246
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $762 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$76 /mo · $916/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$160
• Net cashflow: $130

Break-even live

Break-even rent $597

Max offer price $69,900

Occupancy floor 78%

Sensitivity live

Price	-10% $170	-5% $150	+0% $130	+5% $110	+10% $90
Rent	-10% $70	-5% $100	+0% $130	+5% $160	+10% $190
Rate	-1.0pp $165	-0.5pp $148	base $130	+0.5pp $112	+1.0pp $93

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
516 2nd Ave S Unit 2 Clinton, IA	2.0	1.0	1082	$750	$0.69	45d	1	0.33mi
416 7th Ave S Unit C Clinton, IA	1.0	1.0	773	$700	$0.91	45d	1	0.56mi
1216 9th Ave S Clinton, IA	2.0	1.0	804	$1,000	$1.24	45d	1	1.42mi

Listing history 5 events

1. 2026-06-19
   days on market $69,900 Active 4 DOM
2. 2026-06-18
   days on market $69,900 Active 3 DOM
3. 2026-06-17
   days on market $69,900 Active 2 DOM
4. 2026-06-16
   remarks 333-char remark
5. 2026-06-16
   listed $69,900 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: $916 · $76/mo
• Projected year-2 tax: $1,007 · $84/mo
• Expected delta: +$91/yr (+$8/mo · 9.9%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X · 71% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,145
• − Mortgage interest: −$3,915
• − Property taxes: −$916
• − Insurance: −$350
• − Repairs & maintenance: −$732
• − Management: −$732
• − Depreciation: −$2,033
• Taxable income: $468
• Est. tax owed @ 24.0%: −$112
• After-tax cash flow: $1,448/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: Clinton Community School District
• NCES district ID: 1907710
• Math proficiency: 52% ▼ -13.00%
• Reading proficiency: 56% ▼ -8.00%
• Median HH income: $40,900
• Composite: 45.22/100
• National rank: #2666
• State rank: #273 of 289 in IA

Livability — Clinton

• Score: 75/100
• State rank: #222
• US rank: #4192

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clinton, IA
• County: Clinton County · 25,880 people
• City population: 25,880
• Metro: Clinton, IA
• Population (ZIP): 25,880
• Household income: $61,105
• Rent vs Own: 30.1% rent · 69.9% own
• Severe rent burden: 889.0

Population outlook (Clinton County) Hauer SSP2

• Today (2025): 44,817 people
• By 2030: 43,090 · -3.9%
• By 2040: 39,513 · -11.8%
• By 2050: 36,209 · -19.2%
• By 2075: 31,888 · -28.8%
• By 2100: 30,382 · -32.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Two or more races 7% Hispanic / Latino 5% Black 4%
• Common ancestry: Iranian 4% Portuguese 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2% Arabic 1%

Political lean MEDSL · Clinton

• 2024 margin: R (+18.9) · D 39.8% · R 58.6% · Other 1.6%
• 2008→2024 swing: -41.9pp toward R · 2008: 23.0pp · 2024: -18.9pp
• All cycles: 2024: R+18.9 2020: R+10.3 2016: R+5.1 2012: D+22.9 2008: D+23.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -83.23%
• Current HPI: 155.3426
• Rent YoY: —
• Metro: Clinton, 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

+94.2% since first listed

18 events — show timeline

• 2026-06-15 Listed $69,900 MRED as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2019-12-30 Sold (Public Records) $44,500 Public Records
• 2019-12-27 Sold (MLS) $44,500 MRED as Distributed by MLS Grid
• 2019-12-27 Sold (MLS) $44,500 RMLSA as Distributed by MLS Grid
• 2019-10-16 Listed $42,500 MRED as Distributed by MLS Grid
• 2019-10-16 Listed $42,500 RMLSA as Distributed by MLS Grid
• 2019-02-03 Listing Removed — MRED as Distributed by MLS Grid
• 2011-08-11 Sold (Public Records) $39,500 Public Records
• 2011-08-09 Sold (MLS) $39,900 RMLSA as Distributed by MLS Grid
• 2011-08-09 Sold (MLS) $39,900 MRED as Distributed by MLS Grid
• 2011-06-20 Listed $39,900 RMLSA as Distributed by MLS Grid
• 2011-06-20 Listed $39,900 MRED as Distributed by MLS Grid
• 2005-04-06 Sold (MLS) $33,500 RMLSA as Distributed by MLS Grid
• 2005-02-16 Listed $34,900 RMLSA as Distributed by MLS Grid
• 2002-08-06 Sold (MLS) $32,000 RMLSA as Distributed by MLS Grid
• 2002-05-28 Listed $36,000 RMLSA as Distributed by MLS Grid

Property tax history

+0.3%/yr

Latest (2025): $916 · +1.8% YoY. Source: county tax records.