607 Sycamore St · La Porte City, IA 50651

$79,900

3 bd · 1.0 ba · 1,331 sqft · SingleFamily public records · 186 Days on market

Built 1910 7,200 sqft lot

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Why this score? — see what drove the B 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
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• ARV discount +7.5/15.0
• Schools +6.5/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Whether you’re searching for a first home or a solid investment opportunity, 607 Sycamore Street is worth a look. This home features brand-new carpet, fresh paint throughout, newer LVP flooring, and an updated kitchen and bathroom. Comfortable, move-in ready, and full of potential, it offers a great blend of updates and opportunity. Schedule your showing today and see all this home has to offer.

Key facts

• Newer lvp flooring
• Updated kitchen
• Brand-new carpet

Tags

• BRAND-NEW CARPET
• NEWER LVP FLOORING
• UPDATED KITCHEN
• UPDATED BATHROOM

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $351 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 84/100 on livability (#26 in IA, #774 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, cost of living A+; Watch: amenities F, commute F.
• Union Community School District (rural): math 77% / reading 75% proficiency, ranked #53 of 289 in IA (top 18%) — strong family-tenant draw, lease renewals of 3-5y typical; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: 26 active listings in the ZIP; 287 units permitted in Black Hawk County in 2024 (67 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Black Hawk County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 186 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 11y 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 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $70,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 186 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — 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 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?
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: 1.45% ✓
• Cap rate: 11.57%
• Cash-on-cash: 18.84%
• DSCR: 1.84
• GRM: 5.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 10.7%
• Equity multiple: 1.42×
• Total profit: $9,447
• Equity at exit: $11,913

10-year hold

• IRR: 19.8%
• Equity multiple: 2.66×
• Total profit: $37,130
• Equity at exit: $6,908

Cash invested: $22,372 (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 50651

• Home prices YoY: -26.5%
• Active inventory: 26
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,157 medium
• Mortgage (P&I): −$419
• Tax from tax record: −$111 /mo · $1,330/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$243
• Net cashflow: $351

Break-even live

Break-even rent $713

Max offer price $79,900

Occupancy floor 65%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Listing history 41 events

1. 2026-06-19
   days on market $79,900 Active 186 DOM
2. 2026-06-18
   days on market $79,900 Active 185 DOM
3. 2026-06-17
   days on market $79,900 Active 184 DOM
4. 2026-06-16
   days on market $79,900 Active 183 DOM
5. 2026-06-15
   days on market $79,900 Active 182 DOM
6. 2026-06-14
   days on market $79,900 Active 180 DOM
7. 2026-06-13
   days on market $79,900 Active 179 DOM
8. 2026-06-10
   days on market $79,900 Active 177 DOM
9. 2026-06-09
   days on market $79,900 Active 176 DOM
10. 2026-06-08
    days on market $79,900 Active 175 DOM
11. 2026-06-07
    days on market $79,900 Active 174 DOM
12. 2026-06-02
    days on market $79,900 Active 169 DOM
13. 2026-06-01
    days on market $79,900 Active 168 DOM
14. 2026-05-31
    days on market $79,900 Active 167 DOM
15. 2026-05-30
    days on market $79,900 Active 166 DOM
16. 2025-12-15
    listed $79,900 Active 404-char remark

    Show marketing remark (404 chars)

    Whether you’re searching for a first home or a solid investment opportunity, 607 Sycamore Street is worth a look. This home features brand-new carpet, fresh paint throughout, newer LVP flooring, and an updated kitchen and bathroom. Comfortable, move-in ready, and full of potential, it offers a great blend of updates and opportunity. Schedule your showing today and see all this home has to offer.

17. 2024-11-01
    soldstatus $76,000
18. 2024-10-31
    soldstatus $76,000 Closed 387-char remark

    Show marketing remark (387 chars)

    Looking for the perfect starter home, or your next best investment? Look no further than 607 Sycamore Street! This home features brand new carpet and a fresh coat of paint throughout, alongside newer LVP flooring and an updated kitchen and bathroom. This home has the perfect blend of comfort and potential. Schedule your showing today before you miss the chance to make this home yours!

19. 2024-10-31
    soldstatus $76,000 Closed

    Show marketing remark (387 chars)

    Looking for the perfect starter home, or your next best investment? Look no further than 607 Sycamore Street! This home features brand new carpet and a fresh coat of paint throughout, alongside newer LVP flooring and an updated kitchen and bathroom. This home has the perfect blend of comfort and potential. Schedule your showing today before you miss the chance to make this home yours!

20. 2024-10-12
    status Active 387-char remark

    Show marketing remark (387 chars)

    Looking for the perfect starter home, or your next best investment? Look no further than 607 Sycamore Street! This home features brand new carpet and a fresh coat of paint throughout, alongside newer LVP flooring and an updated kitchen and bathroom. This home has the perfect blend of comfort and potential. Schedule your showing today before you miss the chance to make this home yours!

21. 2024-10-11
    soldstatus $76,000 Closed
22. 2024-10-11
    listed $83,900 Active
23. 2024-07-29
    status Pending

    Show marketing remark (387 chars)

    Looking for the perfect starter home, or your next best investment? Look no further than 607 Sycamore Street! This home features brand new carpet and a fresh coat of paint throughout, alongside newer LVP flooring and an updated kitchen and bathroom. This home has the perfect blend of comfort and potential. Schedule your showing today before you miss the chance to make this home yours!

24. 2024-07-29
    status Pending 387-char remark

    Show marketing remark (387 chars)

    Looking for the perfect starter home, or your next best investment? Look no further than 607 Sycamore Street! This home features brand new carpet and a fresh coat of paint throughout, alongside newer LVP flooring and an updated kitchen and bathroom. This home has the perfect blend of comfort and potential. Schedule your showing today before you miss the chance to make this home yours!

25. 2024-07-22
    price $83,900
26. 2024-07-19
    price $83,900

    Show marketing remark (387 chars)

    Looking for the perfect starter home, or your next best investment? Look no further than 607 Sycamore Street! This home features brand new carpet and a fresh coat of paint throughout, alongside newer LVP flooring and an updated kitchen and bathroom. This home has the perfect blend of comfort and potential. Schedule your showing today before you miss the chance to make this home yours!

27. 2024-07-19
    price $83,900 387-char remark

    Show marketing remark (387 chars)

    Looking for the perfect starter home, or your next best investment? Look no further than 607 Sycamore Street! This home features brand new carpet and a fresh coat of paint throughout, alongside newer LVP flooring and an updated kitchen and bathroom. This home has the perfect blend of comfort and potential. Schedule your showing today before you miss the chance to make this home yours!

28. 2024-06-18
    price $85,000

    Show marketing remark (387 chars)

    Looking for the perfect starter home, or your next best investment? Look no further than 607 Sycamore Street! This home features brand new carpet and a fresh coat of paint throughout, alongside newer LVP flooring and an updated kitchen and bathroom. This home has the perfect blend of comfort and potential. Schedule your showing today before you miss the chance to make this home yours!

29. 2024-06-18
    price $85,000

    Show marketing remark (387 chars)

    Looking for the perfect starter home, or your next best investment? Look no further than 607 Sycamore Street! This home features brand new carpet and a fresh coat of paint throughout, alongside newer LVP flooring and an updated kitchen and bathroom. This home has the perfect blend of comfort and potential. Schedule your showing today before you miss the chance to make this home yours!

30. 2024-06-18
    price $85,000 387-char remark

    Show marketing remark (387 chars)

    Looking for the perfect starter home, or your next best investment? Look no further than 607 Sycamore Street! This home features brand new carpet and a fresh coat of paint throughout, alongside newer LVP flooring and an updated kitchen and bathroom. This home has the perfect blend of comfort and potential. Schedule your showing today before you miss the chance to make this home yours!

31. 2024-05-22
    listed $87,900 Active
32. 2024-05-17
    listed $87,900 Active 387-char remark

    Show marketing remark (387 chars)

    Looking for the perfect starter home, or your next best investment? Look no further than 607 Sycamore Street! This home features brand new carpet and a fresh coat of paint throughout, alongside newer LVP flooring and an updated kitchen and bathroom. This home has the perfect blend of comfort and potential. Schedule your showing today before you miss the chance to make this home yours!

33. 2024-05-17
    listed $83,900 Active

    Show marketing remark (387 chars)

    Looking for the perfect starter home, or your next best investment? Look no further than 607 Sycamore Street! This home features brand new carpet and a fresh coat of paint throughout, alongside newer LVP flooring and an updated kitchen and bathroom. This home has the perfect blend of comfort and potential. Schedule your showing today before you miss the chance to make this home yours!

34. 2024-02-08
    historical
35. 2023-08-01
    price $85,000
36. 2023-06-02
    listed $90,000 Active
37. 2022-08-19
    price $749
38. 2020-02-21
    soldstatus $90,000
39. 2016-03-29
    soldstatus $32,000
40. 2015-10-23
    listed $32,500
41. 2013-01-02
    soldstatus $50,000

ⓘ 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: $1,330 · $111/mo
• Projected year-2 tax: $1,330 · $111/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 ≥102°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: $13,889
• − Mortgage interest: −$4,476
• − Property taxes: −$1,330
• − Insurance: −$400
• − Repairs & maintenance: −$1,111
• − Management: −$1,111
• − Depreciation: −$2,324
• Taxable income: $3,137
• Est. tax owed @ 24.0%: −$753
• After-tax cash flow: $3,462/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: Union Community School District
• NCES district ID: 1900022
• Math proficiency: 77% ▼ -3.00%
• Reading proficiency: 75% ▲ 2.00%
• Median HH income: $58,114
• Composite: 65.13/100
• National rank: #496
• State rank: #53 of 289 in IA

Livability — La Porte City

• Score: 84/100
• State rank: #26
• US rank: #774

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: La Porte City, IA
• City population: 3,349
• Population (ZIP): 3,349

Population outlook (Black Hawk County) Hauer SSP2

• Today (2025): 139,716 people
• By 2030: 142,853 · +2.2%
• By 2040: 147,843 · +5.8%
• By 2050: 153,247 · +9.7%
• By 2075: 167,977 · +20.2%
• By 2100: 177,320 · +26.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 2% Hispanic / Latino 1%
• Common ancestry: Portuguese 7% Lithuanian 2% Iranian 2%
• Foreign-born: 1% · Canada, Guatemala
• Languages at home: 98% English-only · Spanish 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Black Hawk

• 2024 margin: Toss-up / Even · D 50.0% · R 48.8% · Other 1.2%
• 2008→2024 swing: -21.3pp toward R · 2008: 22.4pp · 2024: 1.2pp
• All cycles: 2024: D+1.2 2020: D+9.0 2016: D+7.3 2012: D+20.0 2008: D+22.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -67.76%
• Current HPI: 188.2486
• 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

+59.8% since first listed

26 events — show timeline

• 2025-12-15 Listed $79,900 NEIRBR as distributed by MLS GRID
• 2024-11-01 Sold (Public Records) $76,000 Public Records
• 2024-10-31 Sold (MLS) $76,000 NEIRBR as distributed by MLS GRID
• 2024-10-31 Sold (MLS) $76,000 CRAAR, CDRMLS
• 2024-10-12 Relisted — CRAAR, CDRMLS
• 2024-10-11 Listed $83,900 ICAARMLS
• 2024-10-11 Sold (MLS) $76,000 ICAARMLS
• 2024-07-29 Pending — ICAARMLS
• 2024-07-29 Pending — CRAAR, CDRMLS
• 2024-07-22 Price Changed $83,900 ICAARMLS
• 2024-07-19 Price Changed $83,900 NEIRBR as distributed by MLS GRID
• 2024-07-19 Price Changed $83,900 CRAAR, CDRMLS
• 2024-06-18 Price Changed $85,000 ICAARMLS
• 2024-06-18 Price Changed $85,000 NEIRBR as distributed by MLS GRID
• 2024-06-18 Price Changed $85,000 CRAAR, CDRMLS
• 2024-05-22 Listed $87,900 ICAARMLS
• 2024-05-17 Listed $83,900 NEIRBR as distributed by MLS GRID
• 2024-05-17 Listed $87,900 CRAAR, CDRMLS
• 2024-02-08 Listing Removed — realMLS
• 2023-08-01 Price Changed $85,000 realMLS
• 2023-06-02 Listed $90,000 realMLS
• 2022-08-19 Price Changed $749 RENT.
• 2020-02-21 Sold (Public Records) $90,000 Public Records
• 2016-03-29 Sold (MLS) $32,000 NEIRBR as distributed by MLS GRID
• 2015-10-23 Listed $32,500 NEIRBR as distributed by MLS GRID
• 2013-01-02 Sold (Public Records) $50,000 Public Records

Property tax history

+1.9%/yr

Latest (2025): $1,330 · +3.3% YoY. Source: county tax records.