2061 Sunnyside Ave · Burlington, IA 52601

$125,000

3 bd · 1.0 ba · 1,820 sqft · SingleFamily public records · 25 Days on market

Built 1900 0.35 ac lot Est $184k · 32% under

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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 +18.8/30.0
• ARV discount +15.0/15.0
• DSCR +5.9/10.0
• 1% rule +5.0/10.0
• Schools +4.0/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

FOR COMP PURPOSES ONLY

Key facts

• 0.35 acre lot
• 2 garage spots
• Built 1900

Property features AI

Finance

• Other: Annual tax amount listed (not included per instructions)

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: One-and-one-half story single-family residence; Residential property
• Construction: Brick construction
• Exterior features: Lot approximately 0.35 acres (57 x 207); Subdivision: GOLF CLUB ADD; East-facing approach via Sunnyside

Interior

• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Basement present

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $126 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $123k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.5% vs local median 6.0% in Burlington — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 73/100 on livability (#287 in IA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D+, employment D, amenities F.
• Burlington Community School District (town): math 42% / reading 54% proficiency, ranked #286 of 289 in IA (top 99%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 184 active listings in the ZIP; 53 units permitted in Des Moines County in 2024 (40 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Des Moines County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 3 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 $65k; list at $125k implies a 92% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $123,125 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — 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. 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?
4. 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.
5. 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.
6. 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: 1.00% ✓
• Cap rate: 7.50%
• Cash-on-cash: 4.32%
• DSCR: 1.19
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $183,820
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2319 Sunnyside Ave	0.22mi	3/2.0	1,911 (+5%)	2mo	$250,000	$131	76
2013 Baumberger St	0.34mi	3/1.5	1,805 (-1%)	12mo	$179,000	$99	71
2706 Bittersweet Pl	0.37mi	3/3.0	1,860 (+2%)	1mo	$450,000	$242	70
1823 Sunnyside Ave	0.34mi	4/1.0 (+1)	1,892 (+4%)	10mo	$156,000	$82	64
2119 Vogt St	0.26mi	3/2.5	1,677 (-8%)	7mo	$145,000	$86	63
2012 Osborn St	0.47mi	3/2.0	1,731 (-5%)	6mo	$185,000	$107	61
1527 Thul St	0.61mi	3/1.5	1,710 (-6%)	2mo	$80,000	$47	58
1830 Sunnyside Ave	0.35mi	3/2.0	1,598 (-12%)	9mo	$132,500	$83	52
2809 Herblo Dr	0.65mi	4/2.0 (+1)	1,920 (+6%)	2mo	$215,000	$112	50
2072 Highland Ave	0.50mi	3/1.5	2,034 (+12%)	13mo	$239,500	$118	45
2826 Sunnyside Ave	0.70mi	3/1.5	2,084 (+14%)	4mo	$210,000	$101	38
2821 Herblo Dr	0.68mi	3/2.0	2,052 (+13%)	11mo	$146,000	$71	34

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: -9.5%
• Equity multiple: 0.65×
• Total profit: $-12,208
• Equity at exit: $18,638

10-year hold

• IRR: -0.1%
• Equity multiple: 0.99×
• Total profit: $-216
• Equity at exit: $10,808

Cash invested: $35,000 (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 52601

• Active inventory: 184
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,253 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$156 /mo · $1,878/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$263
• Net cashflow: $126

Break-even live

Break-even rent $1,094

Max offer price $125,000

Occupancy floor 85%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-16
   status $125,000 Pending 25 DOM
2. 2026-06-15
   days on market $125,000 Active Under Contract 25 DOM
3. 2026-06-14
   days on market $125,000 Active Under Contract 23 DOM
4. 2026-06-12
   days on market $125,000 Active Under Contract 22 DOM
5. 2026-06-09
   days on market $125,000 Active Under Contract 19 DOM
6. 2026-06-08
   days on market $125,000 Active Under Contract 18 DOM
7. 2026-06-07
   days on market $125,000 Active Under Contract 17 DOM
8. 2026-06-07
   days on market $125,000 Active Under Contract 16 DOM
9. 2026-06-03
   days on market $125,000 Active Under Contract 13 DOM
10. 2026-06-02
    days on market $125,000 Active Under Contract 12 DOM
11. 2026-06-01
    days on market $125,000 Active Under Contract 11 DOM
12. 2026-05-31
    days on market $125,000 Active Under Contract 10 DOM
13. 2026-05-30
    days on market $125,000 Active Under Contract 9 DOM
14. 2026-05-21
    listed Active Under Contract
15. 2026-05-21
    listed $125,000
16. 2021-05-03
    soldstatus $65,000 22-char remark

    Show marketing remark (22 chars)

    FOR COMP PURPOSES ONLY

17. 2021-05-03
    soldstatus $65,000

    Show marketing remark (22 chars)

    FOR COMP PURPOSES ONLY

18. 2021-05-02
    listed $65,000 22-char remark

    Show marketing remark (22 chars)

    FOR COMP PURPOSES ONLY

ⓘ 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: $1,878 · $156/mo
• Projected year-2 tax: $1,920 · $160/mo
• Expected delta: +$42/yr (+$4/mo · 2.2%)

ⓘ 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 ≥106°F today · 16 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: $15,040
• − Mortgage interest: −$7,002
• − Property taxes: −$1,878
• − Insurance: −$625
• − Repairs & maintenance: −$1,203
• − Management: −$1,203
• − Depreciation: −$3,636
• Taxable loss: −$508
• Est. tax savings @ 24.0%: +$122
• After-tax cash flow: $1,634/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: Burlington Community School District
• NCES district ID: 1905790
• Math proficiency: 42% ▼ -4.00%
• Reading proficiency: 54% ▼ -1.00%
• Median HH income: $41,833
• Composite: 40.3/100
• National rank: #3753
• State rank: #286 of 289 in IA

Livability — Burlington

• Score: 73/100
• State rank: #287
• US rank: #5540

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Burlington, IA
• County: Des Moines County · 27,341 people
• City population: 27,341
• Metro: Burlington, IA-IL
• Population (ZIP): 27,341
• Household income: $60,983
• Rent vs Own: 26.8% rent · 73.2% own
• Severe rent burden: 963.0

Population outlook (Des Moines County) Hauer SSP2

• Today (2025): 39,735 people
• By 2030: 39,257 · -1.2%
• By 2040: 38,090 · -4.1%
• By 2050: 37,156 · -6.5%
• By 2075: 36,905 · -7.1%
• By 2100: 37,222 · -6.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Two or more races 8% Black 5% Hispanic / Latino 4% Asian 1%
• Common ancestry: Iranian 2% Lithuanian 2% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Asian/Pacific 1%

Political lean MEDSL · Des Moines

• 2024 margin: R (+15.1) · D 41.8% · R 56.8% · Other 1.4%
• 2008→2024 swing: -38.1pp toward R · 2008: 23.0pp · 2024: -15.1pp
• All cycles: 2024: R+15.1 2020: R+8.5 2016: R+7.0 2012: D+18.5 2008: D+23.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -83.48%
• Current HPI: 149.7662
• Rent YoY: —
• Metro: Burlington, IA-IL
• 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

+92.3% since first listed

5 events — show timeline

• 2026-05-21 Listed — IAR
• 2026-05-21 Listed $125,000 IAR
• 2021-05-03 Sold (Public Records) $65,000 Public Records
• 2021-05-03 Sold (MLS) $65,000 IAR
• 2021-05-02 Listed $65,000 IAR

Property tax history

+1.5%/yr

Latest (2025): $1,878 · +14.4% YoY. Source: county tax records.