714 2nd Ave · Ackley, IA 50601

$104,900

3 bd · 1.5 ba · 1,522 sqft · SingleFamily public records · 22 Days on market

Built 1895 8,400 sqft lot Est $99k · 6% over

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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 +19.1/30.0
• Appreciation +6.4/10.0
• DSCR +6.0/10.0
• Schools +5.5/10.0
• ARV discount +4.8/15.0
• 1% rule +4.3/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to this charming 1 1/2 story home located near all of Ackley’s amenities! Offering 4 bedrooms and 1 full bathroom, this home provides a wonderful blend of space, character, and convenience. Step inside to a welcoming main floor featuring a formal living room, an additional sitting room perfect for a home office or a cozy reading nook, and a formal dining room ideal for gatherings and special occasions. Main floor laundry adds everyday practicality and ease. You will find 3 bedrooms upstairs and 1 bedroom located on the main level. Outside, you’ll love the fenced yard, providing a great space for kids, pets, gardening, or outdoor entertaining. A standout feature of this property is the large, newer oversized garage—offering over 720 square feet of space for vehicles, storage, a workshop, or hobby area.

Key facts

• Fenced yard
• Main floor laundry
• 8,400 sq ft lot

Tags

• FENCED YARD
• MAIN FLOOR LAUNDRY
• NEWER OVERSIZED GARAGE

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one half levels
• Construction: Metal siding
• Exterior features: Lot roughly 60 x 140 (0.19 acres)

Interior

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

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $110 ($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 $98k (6.5% below list).
• Recommended offer: $98k (6.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 70/100 on livability (#377 in IA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Agwsr Community School District (rural): math 60% / reading 69% proficiency, ranked #198 of 289 in IA (top 68%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 29 active listings in the ZIP; 6 units permitted in Hardin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($725 loan paydown + $3k appreciation (2.8% local appreciation)).
• Hardin County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (2.8% appreciation + 3.0% rent growth), your $29k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($103k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y ago; this cycle's ask has dropped $10k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $47k; list at $105k implies a 121% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1895 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $98,048 (6.5% below list)

Questions for the listing agent

1. Built in 1895 — 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. 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?
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: 0.93% ✗
• Cap rate: 7.56%
• Cash-on-cash: 4.51%
• DSCR: 1.20
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $98,930
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
910 2nd Ave Ave	0.16mi	4/1.0 (+1)	1,420 (-7%)	6mo	$20,000	$14	69
1111 2nd Ave	0.36mi	4/2.0 (+1)	1,636 (+8%)	1mo	$179,900	$110	63
1108 3rd Ave	0.31mi	3/2.0	1,493 (-2%)	22mo	$105,000	$70	62
422 Cerro Gordo St St	0.15mi	4/1.0 (+1)	1,744 (+15%)	2mo	$35,000	$20	60
609 5th Ave	0.19mi	2/3.0 (-1)	1,440 (-5%)	14mo	$94,000	$65	60
600 5th Ave Ave	0.23mi	3/1.0	1,628 (+7%)	21mo	$104,900	$64	58
408 Blackhawk St	0.41mi	4/2.0 (+1)	1,365 (-10%)	23mo	$165,000	$121	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

2.83% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.2%
• Equity multiple: 1.64×
• Total profit: $18,698
• Equity at exit: $46,157

10-year hold

• IRR: 13.5%
• Equity multiple: 2.97×
• Total profit: $57,879
• Equity at exit: $70,358

Cash invested: $29,372 (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 50601

• Home prices YoY: 1.9%
• Active inventory: 29
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $980 medium
• Mortgage (P&I): −$550
• Tax from tax record: −$70 /mo · $844/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$206
• Net cashflow: $110

Break-even live

Break-even rent $841

Max offer price $104,900

Occupancy floor 84%

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: $26,225
• Closing costs: $3,147
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $104,900 Active 22 DOM
2. 2026-06-17
   days on market $104,900 Active 21 DOM
3. 2026-06-16
   days on market $104,900 Active 20 DOM
4. 2026-06-15
   days on market $104,900 Active 19 DOM
5. 2026-06-13
   days on market $104,900 Active 17 DOM
6. 2026-06-12
   pricedays on market $104,900 Active 16 DOM
7. 2026-06-09
   days on market $114,900 Active 13 DOM
8. 2026-06-08
   days on market $114,900 Active 12 DOM
9. 2026-06-07
   days on market $114,900 Active 11 DOM
10. 2026-06-07
    days on market $114,900 Active 10 DOM
11. 2026-06-04
    days on market $114,900 Active 7 DOM
12. 2026-06-02
    days on market $114,900 Active 6 DOM
13. 2026-06-01
    days on market $114,900 Active 5 DOM
14. 2026-05-31
    days on market $114,900 Active 4 DOM
15. 2026-05-31
    days on market $114,900 Active 3 DOM
16. 2026-05-27
    listed $114,900 Active 838-char remark

    Show marketing remark (838 chars)

    Welcome to this charming 1 1/2 story home located near all of Ackley’s amenities! Offering 4 bedrooms and 1 full bathroom, this home provides a wonderful blend of space, character, and convenience. Step inside to a welcoming main floor featuring a formal living room, an additional sitting room perfect for a home office or a cozy reading nook, and a formal dining room ideal for gatherings and special occasions. Main floor laundry adds everyday practicality and ease. You will find 3 bedrooms upstairs and 1 bedroom located on the main level. Outside, you’ll love the fenced yard, providing a great space for kids, pets, gardening, or outdoor entertaining. A standout feature of this property is the large, newer oversized garage—offering over 720 square feet of space for vehicles, storage, a workshop, or hobby area.

17. 2026-05-27
    listed $114,900 Active

    Show marketing remark (838 chars)

    Welcome to this charming 1 1/2 story home located near all of Ackley’s amenities! Offering 4 bedrooms and 1 full bathroom, this home provides a wonderful blend of space, character, and convenience. Step inside to a welcoming main floor featuring a formal living room, an additional sitting room perfect for a home office or a cozy reading nook, and a formal dining room ideal for gatherings and special occasions. Main floor laundry adds everyday practicality and ease. You will find 3 bedrooms upstairs and 1 bedroom located on the main level. Outside, you’ll love the fenced yard, providing a great space for kids, pets, gardening, or outdoor entertaining. A standout feature of this property is the large, newer oversized garage—offering over 720 square feet of space for vehicles, storage, a workshop, or hobby area.

18. 2019-11-15
    soldstatus $47,375
19. 2019-11-13
    soldstatus $47,500 512-char remark

    Show marketing remark (512 chars)

    If you are looking for affordable housing in Ackley, you need to check out this opportunity. This very clean 3 bedroom house has been taken care of for years and is in need of new owner. Centrally located, this property features a fenced in backyard, very nice unattached two stall garage with space to work, back patio area, main floor washer/dryer and lots of storage. Appliances are also included. This property is priced to sell and won't last long. Call Jennings Real Estate today for your personal showing.

20. 2019-09-25
    listed $55,000 512-char remark

    Show marketing remark (512 chars)

    If you are looking for affordable housing in Ackley, you need to check out this opportunity. This very clean 3 bedroom house has been taken care of for years and is in need of new owner. Centrally located, this property features a fenced in backyard, very nice unattached two stall garage with space to work, back patio area, main floor washer/dryer and lots of storage. Appliances are also included. This property is priced to sell and won't last long. Call Jennings Real Estate today for your personal showing.

ⓘ 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: $844 · $70/mo
• Projected year-2 tax: $1,245 · $104/mo
• Expected delta: +$401/yr (+$33/mo · 47.6%)

ⓘ 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 ≥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: $11,766
• − Mortgage interest: −$5,876
• − Property taxes: −$844
• − Insurance: −$524
• − Repairs & maintenance: −$941
• − Management: −$941
• − Depreciation: −$3,052
• Taxable loss: −$413
• Est. tax savings @ 24.0%: +$99
• After-tax cash flow: $1,424/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: Agwsr Community School District
• NCES district ID: 1903060
• Math proficiency: 60% ▼ -9.00%
• Reading proficiency: 69% ▼ -1.00%
• Median HH income: $51,863
• Composite: 54.95/100
• National rank: #1304
• State rank: #198 of 289 in IA

Livability — Ackley

• Score: 70/100
• State rank: #377
• US rank: #7968

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ackley, IA
• Population (ZIP): 2,377

Population outlook (Hardin County) Hauer SSP2

• Today (2025): 17,474 people
• By 2030: 17,369 · -0.6%
• By 2040: 17,018 · -2.6%
• By 2050: 16,454 · -5.8%
• By 2075: 14,665 · -16.1%
• By 2100: 12,404 · -29.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 8% Two or more races 4%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Portuguese 4% Iranian 3% Slovak 2%
• Foreign-born: 5% · Canada, South Korea
• Languages at home: 93% English-only · Spanish 7%

Political lean MEDSL · Hardin

• 2024 margin: Solid R (+38.4) · D 30.3% · R 68.7% · Other 1.1%
• 2008→2024 swing: -39.3pp toward R · 2008: 0.9pp · 2024: -38.4pp
• All cycles: 2024: R+38.4 2020: R+32.0 2016: R+29.2 2012: R+7.1 2008: D+0.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.83%
• Current HPI: 154.031
• 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

+108.9% since first listed

5 events — show timeline

• 2026-05-27 Listed $114,900 NEIRBR as distributed by MLS GRID
• 2026-05-27 Listed $114,900 IAR
• 2019-11-15 Sold (Public Records) $47,375 Public Records
• 2019-11-13 Sold (MLS) $47,500 IAR
• 2019-09-25 Listed $55,000 IAR

Property tax history

+2.0%/yr

Latest (2025): $844 · -10.2% YoY. Source: county tax records.