624 Fillmore St · Osceola, IA 50213

$84,915

4 bd · 2.0 ba · 3,063 sqft · SingleFamily public records · 91 Days on market

Built 1900 0.25 ac lot $28/sqft · 65% below area

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Why this score? — see what drove the A- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• 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

Wonderful opportunity to own this larger two story home with rocking chair front porch. The home has nice wood work, a large family room, separate living room and dining room and an unfinished basement. There is a two car detached garage. Located very close to the local high school. This property is being sold as-is, property is lender-owned and US Bank is making no representations or warranties. Please be advised that any offers on this property require a minimum Earnest Money Deposit of $1,000. U. S. Bank NA may have financing options available https://www. usbank.com/home-loans/mortgage. html. html. Please call for your personal showing!

Key facts

• Large family room
• Separate dining room
• Unfinished basement

Tags

• ROCKING CHAIR FRONT PORCH
• LARGE FAMILY ROOM
• SEPARATE LIVING ROOM
• SEPARATE DINING ROOM
• UNFINISHED BASEMENT
• TWO CAR DETACHED GARAGE

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $506 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $85k).
• Recommended offer: $77k (9.0% below list) — sets the bar for market timing.
• Cap rate 13.4% 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; 125 units permitted in Clarke County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($587 loan paydown + $8k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $24k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($77k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 4.0% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $77,272 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 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 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.89% ✓
• Cap rate: 13.44%
• Cash-on-cash: 25.52%
• DSCR: 2.14
• GRM: 4.4

CMA / ARV

• ARV (median comp): $244,229
• List price: $84,915
• Delta: -65.23%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
519 W Logan St	0.25mi	3/3.0 (-1)	3,008 (-2%)	12mo	$385,000	$128	66

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: 43.6%
• Equity multiple: 4.30×
• Total profit: $78,554
• Equity at exit: $76,460

10-year hold

• IRR: 37.7%
• Equity multiple: 9.67×
• Total profit: $206,253
• Equity at exit: $164,849

Cash invested: $23,776 (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: 4.4×

Monthly cashflow live

• Estimated rent: $1,607 medium
• Mortgage (P&I): −$445
• Tax from tax record: −$283 /mo · $3,396/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $506

Break-even live

Break-even rent $967

Max offer price $84,915

Occupancy floor 64%

Sensitivity live

Price	-10% $554	-5% $530	+0% $506	+5% $482	+10% $458
Rent	-10% $379	-5% $442	+0% $506	+5% $569	+10% $633
Rate	-1.0pp $548	-0.5pp $527	base $506	+0.5pp $484	+1.0pp $461

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: $21,229
• Closing costs: $2,547
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-06-03
   statusdays on market $84,915 Pending 91 DOM
2. 2026-06-02
   days on market $84,915 Active 90 DOM
3. 2026-06-01
   days on market $84,915 Active 89 DOM
4. 2026-05-31
   days on market $84,915 Active 88 DOM
5. 2026-05-31
   days on market $84,915 Active 87 DOM
6. 2026-05-01
   price $99,900 648-char remark

   Show marketing remark (648 chars)

   Wonderful opportunity to own this larger two story home with rocking chair front porch. The home has nice wood work, a large family room, separate living room and dining room and an unfinished basement. There is a two car detached garage. Located very close to the local high school. This property is being sold as-is, property is lender-owned and US Bank is making no representations or warranties. Please be advised that any offers on this property require a minimum Earnest Money Deposit of $1,000. U. S. Bank NA may have financing options available https://www. usbank.com/home-loans/mortgage. html. html. Please call for your personal showing!

7. 2026-04-03
   price $112,450 648-char remark

   Show marketing remark (648 chars)

   Wonderful opportunity to own this larger two story home with rocking chair front porch. The home has nice wood work, a large family room, separate living room and dining room and an unfinished basement. There is a two car detached garage. Located very close to the local high school. This property is being sold as-is, property is lender-owned and US Bank is making no representations or warranties. Please be advised that any offers on this property require a minimum Earnest Money Deposit of $1,000. U. S. Bank NA may have financing options available https://www. usbank.com/home-loans/mortgage. html. html. Please call for your personal showing!

8. 2026-03-04
   listed $124,900 Active 648-char remark

   Show marketing remark (648 chars)

   Wonderful opportunity to own this larger two story home with rocking chair front porch. The home has nice wood work, a large family room, separate living room and dining room and an unfinished basement. There is a two car detached garage. Located very close to the local high school. This property is being sold as-is, property is lender-owned and US Bank is making no representations or warranties. Please be advised that any offers on this property require a minimum Earnest Money Deposit of $1,000. U. S. Bank NA may have financing options available https://www. usbank.com/home-loans/mortgage. html. html. Please call for your personal showing!

9. 2009-10-19
   soldstatus $75,000

ⓘ 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: $3,396 · $283/mo
• Projected year-2 tax: $3,396 · $283/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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: $19,282
• − Mortgage interest: −$4,757
• − Property taxes: −$3,396
• − Insurance: −$425
• − Repairs & maintenance: −$1,543
• − Management: −$1,543
• − Depreciation: −$2,470
• Taxable income: $5,150
• Est. tax owed @ 24.0%: −$1,236
• After-tax cash flow: $4,833/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

+33.2% since first listed

4 events — show timeline

• 2026-05-01 Price Changed $99,900 DMMLS
• 2026-04-03 Price Changed $112,450 DMMLS
• 2026-03-04 Listed $124,900 DMMLS
• 2009-10-19 Sold (Public Records) $75,000 Public Records

Property tax history

+5.8%/yr

Latest (2025): $3,396 · +29.0% YoY. Source: county tax records.