231 W Jefferson St · Osceola, IA 50213

$122,500

3 bd · 1.5 ba · 1,850 sqft · SingleFamily public records · 10 Days on market

Built 1920 6,969 sqft lot Est $191k · 36% under

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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 +27.5/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +9.6/10.0
• 1% rule +6.6/10.0
• 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

Incredible opportunity for a classic Osceola home just 2 blocks off the downtown square! The covered front porch is large enough for ample patio furniture & is a great location to greet guests while providing curb appeal to this wonderfully vintage home. Original hardwood floors throughout the main level and heightened ceilings give it a spacious feel. With multiple living spaces, a formal dining room, 4 upstairs bedrooms, and over 1800 S. F. , there's plenty of space for the entire family. The kitchen has been updated with ceramic tile flooring, mosaic backsplash, and stainless steel appliances; and the convenient main floor laundry off the kitchen is a rare convenience in this age of home. A main level multi-functional room could be used as additional living space, a home office, or a Master on Main bedroom with ensuite bath. The covered deck off the kitchen is perfect for outdoor meals or just relaxation. The basement has plenty of room for storage, extra freezer, and serves as a functioning storm shelter, if needed. The home includes a newer furnace, new plumbing, and new electrical with 100-amp panel. And the 1-car garage provides additional storage and parking. Numerous built-ins, wainscoting, bay window, and corbels all add to the traditional, classic feel of this beautiful home.

Key facts

• Covered front porch
• Main floor laundry
• Updated kitchen

Tags

• COVERED FRONT PORCH
• ORIGINAL HARDWOOD FLOORS
• MULTIPLE LIVING SPACES
• UPDATED KITCHEN
• MAIN FLOOR LAUNDRY
• MULTI-FUNCTIONAL ROOM

Property features AI

Finance

• Other: Corner lot; Concrete road frontage; Lot dimensions approximately 69 x 101 ft

Exterior

• Parking: Detached 1-car garage
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: 2 stories
• Construction: Metal siding; Stone foundation; Asphalt shingle roof
• Exterior features: Covered deck; Deck

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Stove
• Flooring: Hardwood; Tile
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central air; Forced air heating (natural gas)
• Interior features: Separate/formal dining room; Cable TV; Window treatments
• Laundry & utility: Washer; Dryer; Laundry on main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $122k.

Deal economics

• At list price, monthly cash flow is $361 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $122k).
• Cap rate 9.8% 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; 1 comparable units currently listed for rent nearby; 125 units permitted in Clarke County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $13k of equity ($847 loan paydown + $12k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 5y 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 $64k; list at $122k implies a 90% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $122,500

Questions for the listing agent

1. Built in 1920 — 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. 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.
4. 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.
5. 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: 1.16% ✓
• Cap rate: 9.83%
• Cash-on-cash: 12.63%
• DSCR: 1.56
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $190,550
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
125 W Logan St	0.44mi	3/3.0	1,821 (-2%)	0mo	$214,000	$118	71
208 S Temple St	0.11mi	4/1.5 (+1)	1,760 (-5%)	14mo	$87,500	$50	70
611 S Fillmore St	0.39mi	3/2.0	1,902 (+3%)	15mo	$128,000	$67	62
116 W Grant St	0.33mi	3/1.5	2,052 (+11%)	6mo	$205,000	$100	61
214 E Shaw St	0.69mi	4/2.0 (+1)	1,794 (-3%)	0mo	$200,000	$111	56
312 W Cass St	0.14mi	3/1.5	1,618 (-12%)	21mo	$117,500	$73	55
130 S Jackson St	0.03mi	4/2.0 (+1)	2,087 (+13%)	23mo	$156,000	$75	51
500 N Main St	0.46mi	4/2.0 (+1)	1,914 (+4%)	23mo	$252,000	$132	46
402 E Clay St	0.55mi	4/2.0 (+1)	1,752 (-5%)	18mo	$180,000	$103	44
1017 Lakeshore Dr	0.74mi	4/2.5 (+1)	1,803 (-2%)	20mo	$400,000	$222	36
921 Lakeshore Dr	0.61mi	3/2.0	1,577 (-15%)	22mo	$254,000	$161	27

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: 33.5%
• Equity multiple: 3.61×
• Total profit: $89,621
• Equity at exit: $110,303

10-year hold

• IRR: 28.9%
• Equity multiple: 8.17×
• Total profit: $245,775
• Equity at exit: $237,814

Cash invested: $34,300 (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: 7.2×

Monthly cashflow live

• Estimated rent: $1,426 medium
• Mortgage (P&I): −$642
• Tax from tax record: −$72 /mo · $868/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$299
• Net cashflow: $361

Break-even live

Break-even rent $969

Max offer price $122,500

Occupancy floor 70%

Sensitivity live

Price	-10% $430	-5% $396	+0% $361	+5% $326	+10% $292
Rent	-10% $248	-5% $305	+0% $361	+5% $417	+10% $474
Rate	-1.0pp $423	-0.5pp $392	base $361	+0.5pp $329	+1.0pp $297

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: $30,625
• Closing costs: $3,675
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
332 Wildflower Dr Osceola, IA	3.0	2.0	1240	$1,235	$1.00	3d	3	1.20mi

Listing history 9 events

1. 2026-06-09
   status $122,500 Pending 10 DOM
2. 2026-06-08
   days on market $122,500 Active 10 DOM
3. 2026-06-07
   days on market $122,500 Active 9 DOM
4. 2026-06-03
   days on market $122,500 Active 5 DOM
5. 2026-06-02
   days on market $122,500 Active 4 DOM
6. 2026-06-01
   days on market $122,500 Active 3 DOM
7. 2026-05-31
   days on market $122,500 Active 2 DOM
8. 2026-05-31
   remarks 695-char remark
9. 2026-05-31
   listed $122,500 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: $868 · $72/mo
• Projected year-2 tax: $1,396 · $116/mo
• Expected delta: +$528/yr (+$44/mo · 60.8%)

ⓘ 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 2/10 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: $17,114
• − Mortgage interest: −$6,862
• − Property taxes: −$868
• − Insurance: −$612
• − Repairs & maintenance: −$1,369
• − Management: −$1,369
• − Depreciation: −$3,564
• Taxable income: $2,469
• Est. tax owed @ 24.0%: −$593
• After-tax cash flow: $3,738/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

+145.0% since first listed

12 events — show timeline

• 2026-05-29 Listed $122,500 IAR
• 2026-05-29 Listed $122,500 DMMLS
• 2022-04-01 Sold (Public Records) $64,500 Public Records
• 2022-03-30 Sold (MLS) $64,050 IAR
• 2022-03-30 Sold (MLS) $64,050 NORTHSTARMLS as Distributed by MLS Grid
• 2022-02-07 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2021-11-29 Price Changed $65,000 NORTHSTARMLS as Distributed by MLS Grid
• 2021-10-06 Price Changed $78,000 NORTHSTARMLS as Distributed by MLS Grid
• 2021-10-06 Price Changed $75,000 NORTHSTARMLS as Distributed by MLS Grid
• 2021-06-23 Listed $65,000 IAR
• 2021-06-23 Listed $85,000 NORTHSTARMLS as Distributed by MLS Grid
• 2016-05-13 Sold (Public Records) $50,000 Public Records

Property tax history

-3.5%/yr

Latest (2025): $868 · -10.1% YoY. Source: county tax records.