702 NW 4th St · Ogden, IA 50212

$199,900

4 bd · 2.5 ba · 1,960 sqft · SingleFamily public records · 22 Days on market

Built 1910 8,200 sqft lot Est $159k · 26% over

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Why this score? — see what drove the D- 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).

• Appreciation +10.0/10.0
• Cash flow +7.1/30.0
• Schools +6.5/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.6/10.0
• DSCR +1.3/10.0
• ARV discount +0.0/15.0

Listing remarks

Charming 4-bedroom, 2-bath home in ogden featuring both a detached 2-car garage and an additional detached 1-car garage, offering exceptional storage, workshop, hobby, or extra parking space. Recent updates include new carpet and flooring, freshly painted exterior trim on both garages and the home, providing a clean and well-maintained feel throughout. This home offers character with a spacious and functional layout, generous bedroom sizes, multiple porch spaces, and convenient access to schools, parks, and downtown amenities. Situated on a corner lot, this property provides great potential for owner-occupants or investors alike. Schedule your showing today!

Key facts

• New carpet
• New flooring
• 8,200 sq ft lot

Tags

• DETACHED 2-CAR GARAGE
• DETACHED 1-CAR GARAGE
• NEW CARPET
• NEW FLOORING
• FRESHLY PAINTED EXTERIOR TRIM
• MULTIPLE PORCH SPACES

Property features AI

Finance

• Other: Level lot; Lot dimensions approximately 100 x 82 (about 0.19 acres); Zoned R

Exterior

• Parking: Attached or detached garage with 1 space
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels
• Construction: Aluminum siding; Block foundation
• Exterior features: Enclosed porch

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator; Water softener (owned)
• Bedrooms: Master downstairs
• Flooring: Vinyl; Laminate; Carpet
• Bathrooms: Two three-quarter bathrooms
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Ceiling fans; Master bedroom on main floor; Full unfinished basement with sump pump
• Laundry & utility: Washer; Dryer; Main-level laundry

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-282 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $150k (24.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $131k (34.4% below list).
• Recommended offer: $131k (34.4% below list) — sets the bar for 1% rule.
• Cap rate 4.6% vs local median 2.8% in Ogden — 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 81/100 on livability (#70 in IA, #1,530 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, cost of living A+; Watch: employment D, amenities F, commute F.
• Ogden Community School District (rural): math 74% / reading 77% proficiency, ranked #61 of 289 in IA (top 21%) — strong family-tenant draw, lease renewals of 3-5y typical; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: 34 active listings in the ZIP; 80 units permitted in Boone County in 2024 (16 in 5+ unit buildings).

Forward outlook

• In year one you build about $21k of equity ($1k loan paydown + $20k appreciation (10.0% local appreciation)).
• By year 2, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y ago; this cycle's ask has dropped $15k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $132k; list at $200k implies a 52% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $131,094 (34.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.66% ✗
• Cap rate: 4.60%
• Cash-on-cash: -6.05%
• DSCR: 0.73
• GRM: 12.7

CMA / ARV

• ARV (on-the-fly): $158,760
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
501 NW 3rd St	0.16mi	3/2.0 (-1)	1,904 (-3%)	14mo	$154,900	$81	69
513 W Maple St	0.22mi	3/1.5 (-1)	1,922 (-2%)	12mo	$126,108	$66	67
107 SW 2nd St	0.48mi	4/2.0	1,880 (-4%)	7mo	$59,900	$32	63
702 W Locust St	0.43mi	3/2.0 (-1)	1,804 (-8%)	0mo	$72,000	$40	59
308 E Walnut St	0.59mi	3/1.0 (-1)	2,008 (+2%)	1mo	$118,000	$59	57
214 N 1st St	0.38mi	4/1.0	1,683 (-14%)	1mo	$135,000	$80	52
231 S 1st St	0.59mi	3/2.0 (-1)	2,090 (+7%)	5mo	$156,000	$75	50
714 W Sycamore St	0.40mi	4/2.0	1,704 (-13%)	9mo	$186,665	$110	50
244 SE 4th St	0.75mi	3/2.0 (-1)	2,016 (+3%)	4mo	$220,000	$109	50
614 N 1st St	0.20mi	4/2.0	1,712 (-13%)	22mo	$225,000	$131	49
107 SW 8th St	0.55mi	3/3.5 (-1)	1,738 (-11%)	10mo	$410,000	$236	38
249 SW 7th St	0.63mi	4/2.0	1,681 (-14%)	23mo	$220,000	$131	25

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: 20.0%
• Equity multiple: 2.62×
• Total profit: $90,884
• Equity at exit: $180,086

10-year hold

• IRR: 18.3%
• Equity multiple: 6.03×
• Total profit: $281,728
• Equity at exit: $388,362

Cash invested: $55,972 (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 50212

• Home prices YoY: 5.1%
• Active inventory: 34
• Price-to-rent: 12.7×

Monthly cashflow live

• Estimated rent: $1,311 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$186 /mo · $2,234/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $-282

Break-even live

Break-even rent $1,668

Max offer price $150,064

Occupancy floor —

Sensitivity live

Price	-10% $-169	-5% $-226	+0% $-282	+5% $-339	+10% $-395
Rent	-10% $-386	-5% $-334	+0% $-282	+5% $-230	+10% $-179
Rate	-1.0pp $-181	-0.5pp $-231	base $-282	+0.5pp $-334	+1.0pp $-387

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-21
   days on market $199,900 Active 22 DOM
2. 2026-06-18
   price $199,900 Active 20 DOM
3. 2026-06-18
   days on market $214,500 Active 20 DOM
4. 2026-06-17
   days on market $214,500 Active 19 DOM
5. 2026-06-16
   days on market $214,500 Active 18 DOM
6. 2026-06-15
   days on market $214,500 Active 17 DOM
7. 2026-06-13
   days on market $214,500 Active 15 DOM
8. 2026-06-12
   days on market $214,500 Active 14 DOM
9. 2026-06-09
   days on market $214,500 Active 11 DOM
10. 2026-06-08
    days on market $214,500 Active 10 DOM
11. 2026-06-07
    days on market $214,500 Active 9 DOM
12. 2026-06-05
    days on market $214,500 Active 7 DOM
13. 2026-06-04
    days on market $214,500 Active 5 DOM
14. 2026-06-02
    days on market $214,500 Active 4 DOM
15. 2026-06-01
    days on market $214,500 Active 3 DOM
16. 2026-05-31
    days on market $214,500 Active 2 DOM
17. 2026-05-29
    listed $214,500 Active
18. 2026-05-29
    listed $214,500 Active
19. 2018-01-31
    historical
20. 2017-11-06
    soldstatus $131,500
21. 2017-11-02
    soldstatus $131,098
22. 2017-07-25
    listed $129,000
23. 2017-07-25
    listed $129,000
24. 2017-07-12
    listed $123,000

ⓘ 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: $2,234 · $186/mo
• Projected year-2 tax: $2,686 · $224/mo
• Expected delta: +$452/yr (+$38/mo · 20.2%)

ⓘ 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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°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: $15,731
• − Mortgage interest: −$11,198
• − Property taxes: −$2,234
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,259
• − Management: −$1,259
• − Depreciation: −$5,815
• Taxable loss: −$7,032
• Est. tax savings @ 24.0%: +$1,688
• After-tax cash flow: $-1,698/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: Ogden Community School District
• NCES district ID: 1921660
• Math proficiency: 74% ▼ -9.00%
• Reading proficiency: 77% ▼ -7.00%
• Median HH income: $56,714
• Composite: 64.56/100
• National rank: #536
• State rank: #61 of 289 in IA

Livability — Ogden

• Score: 81/100
• State rank: #70
• US rank: #1530

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: Ogden, IA
• Population (ZIP): 3,109

Population outlook (Boone County) Hauer SSP2

• Today (2025): 27,674 people
• By 2030: 28,058 · +1.4%
• By 2040: 28,474 · +2.9%
• By 2050: 28,383 · +2.6%
• By 2075: 27,647 · -0.1%
• By 2100: 25,485 · -7.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (98%)
• Race & ethnicity: White 98% Two or more races 1%
• Common ancestry: Iranian 6% Portuguese 6% Italian 2%
• Foreign-born: 1%

Political lean MEDSL · Boone

• 2024 margin: Strong R (+21.5) · D 38.4% · R 59.9% · Other 1.6%
• 2008→2024 swing: -29.2pp toward R · 2008: 7.6pp · 2024: -21.5pp
• All cycles: 2024: R+21.5 2020: R+15.6 2016: R+13.9 2012: D+6.4 2008: D+7.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 12.76%
• Current HPI: 263.0
• 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

+74.4% since first listed

8 events — show timeline

• 2026-05-29 Listed $214,500 CIBOR
• 2026-05-29 Listed $214,500 DMMLS
• 2018-01-31 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2017-11-06 Sold (Public Records) $131,500 Public Records
• 2017-11-02 Sold (MLS) $131,098 CIBOR
• 2017-07-25 Listed $129,000 NORTHSTARMLS as Distributed by MLS Grid
• 2017-07-25 Listed $129,000 IAR
• 2017-07-12 Listed $123,000 CIBOR

Property tax history

+6.8%/yr

Latest (2025): $2,234 · +0.7% YoY. Source: county tax records.