832 Daniels St NE · Cedar Rapids, IA 52402

$139,999

3 bd · 2.0 ba · 1,370 sqft · SingleFamily public records · 116 Days on market

Built 1924 10,454 sqft lot $102/sqft · 5% below area Est $148k · 5% under ↓ 12% since listing

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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 +17.7/30.0
• ARV discount +9.9/15.0
• DSCR +5.5/10.0
• Rent growth +5.0/5.0
• 1% rule +4.9/10.0
• Schools +4.7/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming NE Cedar Rapids home full of original character and opportunity. Beautiful woodwork throughout adds warmth and timeless appeal. The bonus room off the living area features original hardwood floors and makes an ideal home office, reading nook, or flex space. The spacious kitchen offers great layout potential, and the finished attic provides additional living space that could function as a large bedroom, primary suite, or private retreat. Conveniently located near Coe College, Mount Mercy University, and with easy access to I 380 for commuting. The 3/4 fenced backyard offers space for pets, gardening, or entertaining. Home needs updates and is priced accordingly, making it ideal for buyers looking to build equity or investors seeking strong rental potential.

Key facts

• Woodwork
• Finished attic
• Bonus room

Tags

• WOODWORK
• BONUS ROOM
• HARDWOOD FLOORS
• FINISHED ATTIC
• FENCED BACKYARD
• SPACE FOR PETS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $113 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $139k (1.0% below list).
• Recommended offer: $127k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 3.5% in Cedar Rapids — 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 78/100 on livability (#134 in IA, #2,474 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, commute F.
• Cedar Rapids Community School District (urban): math 50% / reading 59% proficiency, ranked #265 of 289 in IA (top 92%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+11.0%/yr); 286 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,023 units permitted in Linn County in 2024 (456 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Linn County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $39k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 116 days — a 9% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $127,399 (9.0% below list)

Questions for the listing agent

1. It's been on market 116 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 1924 — 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. 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?
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: 0.99% ✗
• Cap rate: 7.27%
• Cash-on-cash: 3.47%
• DSCR: 1.15
• GRM: 8.4

CMA / ARV

• ARV (median comp): $147,985
• List price: $139,999
• Delta: -5.40%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
826 Daniels St NE	0.01mi	3/1.5	1,369 (-0%)	5mo	$180,000	$131	93
909 Daniels St St NE	0.16mi	3/2.0	1,376 (+0%)	4mo	$134,000	$97	88
1053 Center Point Rd NE	0.39mi	3/2.0	1,304 (-5%)	4mo	$138,900	$107	70
1729 D Ave NE	0.52mi	3/1.5	1,441 (+5%)	8mo	$175,600	$122	59
210 16th St SE	0.75mi	3/2.0	1,344 (-2%)	7mo	$113,600	$85	56
1703 A Ave NE	0.63mi	4/1.0 (+1)	1,359 (-1%)	5mo	$35,000	$26	56
937 Daniels St St NE	0.21mi	2/1.5 (-1)	1,542 (+13%)	8mo	$158,000	$102	55
1047 Daniels St NE	0.36mi	4/1.5 (+1)	1,568 (+14%)	2mo	$180,500	$115	51
1532 A Ave NE	0.52mi	3/1.0	1,500 (+10%)	8mo	$159,950	$107	50
1106 Elmhurst Dr	0.54mi	3/1.0	1,248 (-9%)	9mo	$60,000	$48	48
1614 J Ave NE	0.49mi	2/1.0 (-1)	1,205 (-12%)	0mo	$170,000	$141	48
1308 L Ave NE	0.58mi	3/1.0	1,206 (-12%)	2mo	$190,000	$158	47

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -5.3%
• Equity multiple: 0.79×
• Total profit: $-8,109
• Equity at exit: $20,874

10-year hold

• IRR: 9.6%
• Equity multiple: 1.91×
• Total profit: $35,685
• Equity at exit: $12,105

Cash invested: $39,200 (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 52402

• Rents YoY: 11.0%
• Active inventory: 286
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,385 high
• Mortgage (P&I): −$734
• Tax from tax record: −$188 /mo · $2,262/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $113

Break-even live

Break-even rent $1,242

Max offer price $139,999

Occupancy floor 87%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1220 Sierra Dr NE Cedar Rapids, IA	1.0–2.0	1.0–2.0	985	$1,000	$1.02	44d	1	0.69mi
511 23rd St NE Cedar Rapids, IA	2.0	1.0	888	$1,500	$1.69	44d	1	1.04mi
906 10th St SE Cedar Rapids, IA	1.0–2.0	1.0–2.0	890	$1,300	$1.46	13d	6	1.25mi
730 Wellington St SE Cedar Rapids, IA	3.0	1.0	1366	$1,325	$0.97	21d	1	1.30mi
1127 34th St NE Cedar Rapids, IA	3.0	2.0	1152	$1,385	$1.20	44d	1	1.38mi

Listing history 29 events

1. 2026-06-19
   days on market $139,999 Active 116 DOM
2. 2026-06-18
   days on market $139,999 Active 115 DOM
3. 2026-06-17
   days on market $139,999 Active 114 DOM
4. 2026-06-16
   days on market $139,999 Active 113 DOM
5. 2026-06-15
   days on market $139,999 Active 112 DOM
6. 2026-06-14
   days on market $139,999 Active 110 DOM
7. 2026-06-13
   days on market $139,999 Active 109 DOM
8. 2026-06-10
   days on market $139,999 Active 107 DOM
9. 2026-06-09
   days on market $139,999 Active 106 DOM
10. 2026-06-08
    days on market $139,999 Active 105 DOM
11. 2026-06-07
    days on market $139,999 Active 104 DOM
12. 2026-06-05
    days on market $139,999 Active 101 DOM
13. 2026-06-03
    days on market $139,999 Active 100 DOM
14. 2026-06-02
    days on market $139,999 Active 99 DOM
15. 2026-06-01
    days on market $139,999 Active 98 DOM
16. 2026-05-31
    days on market $139,999 Active 97 DOM
17. 2026-05-30
    days on market $139,999 Active 96 DOM
18. 2026-04-20
    price $139,999 775-char remark

    Show marketing remark (775 chars)

    Charming NE Cedar Rapids home full of original character and opportunity. Beautiful woodwork throughout adds warmth and timeless appeal. The bonus room off the living area features original hardwood floors and makes an ideal home office, reading nook, or flex space. The spacious kitchen offers great layout potential, and the finished attic provides additional living space that could function as a large bedroom, primary suite, or private retreat. Conveniently located near Coe College, Mount Mercy University, and with easy access to I 380 for commuting. The 3/4 fenced backyard offers space for pets, gardening, or entertaining. Home needs updates and is priced accordingly, making it ideal for buyers looking to build equity or investors seeking strong rental potential.

19. 2026-02-23
    listed $145,000 Active 775-char remark

    Show marketing remark (775 chars)

    Charming NE Cedar Rapids home full of original character and opportunity. Beautiful woodwork throughout adds warmth and timeless appeal. The bonus room off the living area features original hardwood floors and makes an ideal home office, reading nook, or flex space. The spacious kitchen offers great layout potential, and the finished attic provides additional living space that could function as a large bedroom, primary suite, or private retreat. Conveniently located near Coe College, Mount Mercy University, and with easy access to I 380 for commuting. The 3/4 fenced backyard offers space for pets, gardening, or entertaining. Home needs updates and is priced accordingly, making it ideal for buyers looking to build equity or investors seeking strong rental potential.

20. 2025-08-08
    price $163,000
21. 2025-07-01
    price $165,000
22. 2025-05-30
    price $167,000
23. 2025-05-21
    price $168,500
24. 2025-05-07
    price $169,500
25. 2025-04-28
    price $171,500
26. 2023-05-31
    soldstatus $159,950 Closed
27. 2023-05-31
    soldstatus $160,000
28. 2023-05-03
    status Pending
29. 2023-04-19
    listed $159,950 Active

ⓘ 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: $2,262 · $188/mo
• Projected year-2 tax: $2,262 · $188/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 1/10 Low
• 🌡 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: $16,625
• − Mortgage interest: −$7,842
• − Property taxes: −$2,262
• − Insurance: −$700
• − Repairs & maintenance: −$1,330
• − Management: −$1,330
• − Depreciation: −$4,073
• Taxable loss: −$912
• Est. tax savings @ 24.0%: +$219
• After-tax cash flow: $1,580/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: Cedar Rapids Community School District
• NCES district ID: 1906540
• Math proficiency: 50% ▼ -12.00%
• Reading proficiency: 59% ▼ -6.00%
• Median HH income: $53,568
• Composite: 46.82/100
• National rank: #2378
• State rank: #265 of 289 in IA

Livability — Cedar Rapids

• Score: 78/100
• State rank: #134
• US rank: #2474

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cedar Rapids, IA
• County: Linn County · 179,860 people
• City population: 137,154
• Metro: Cedar Rapids, IA
• Population (ZIP): 42,938
• Household income: $73,439
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 971.0

Population outlook (Linn County) Hauer SSP2

• Today (2025): 239,589 people
• By 2030: 248,587 · +3.8%
• By 2040: 264,817 · +10.5%
• By 2050: 278,685 · +16.3%
• By 2075: 311,754 · +30.1%
• By 2100: 336,773 · +40.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Two or more races 7% Black 6% Asian 6% Hispanic / Latino 4%
• Common ancestry: Portuguese 4% Lithuanian 2% Iranian 2%
• Foreign-born: 8% · Canada, Philippines, China
• Languages at home: 89% English-only · Spanish 3% Other Indo-European 3% Other Asian/Pacific 2%

Political lean MEDSL · Linn

• 2024 margin: Lean D (+9.9) · D 54.2% · R 44.3% · Other 1.4%
• 2008→2024 swing: -11.6pp toward R · 2008: 21.5pp · 2024: 9.9pp
• All cycles: 2024: D+9.9 2020: D+13.7 2016: D+9.0 2012: D+17.6 2008: D+21.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -133.31%
• Current HPI: 201.7061
• Rent YoY: ▲ 10.97%
• Metro: Cedar Rapids, 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

-12.5% since first listed

12 events — show timeline

• 2026-04-20 Price Changed $139,999 CRAAR, CDRMLS
• 2026-02-23 Listed $145,000 CRAAR, CDRMLS
• 2025-08-08 Price Changed $163,000 CRAAR, CDRMLS
• 2025-07-01 Price Changed $165,000 CRAAR, CDRMLS
• 2025-05-30 Price Changed $167,000 CRAAR, CDRMLS
• 2025-05-21 Price Changed $168,500 CRAAR, CDRMLS
• 2025-05-07 Price Changed $169,500 CRAAR, CDRMLS
• 2025-04-28 Price Changed $171,500 CRAAR, CDRMLS
• 2023-05-31 Sold (Public Records) $160,000 Public Records
• 2023-05-31 Sold (MLS) $159,950 CRAAR, CDRMLS
• 2023-05-03 Pending — CRAAR, CDRMLS
• 2023-04-19 Listed $159,950 CRAAR, CDRMLS

Property tax history

+1.1%/yr

Latest (2025): $2,262 · -3.9% YoY. Source: county tax records.