201 SE 3rd Ave · Tripoli, IA 50676

$69,000

1 bd · 1.5 ba · 1,089 sqft · SingleFamily public records · 27 Days on market

Built 1898 8,712 sqft lot $63/sqft · 36% below area Est $97k · 29% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• Appreciation +5.5/10.0
• Schools +5.3/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Great investment opportunity on this home with an oversized 2 stall garage sitting on a nice corner lot! This home offers a nice open kitchen, formal dining, a main floor bedroom, main floor full bathroom, a large deck, 2 additional bedrooms and a bathroom upstairs. Call today for your private showing!

Key facts

• 8,712 sq ft lot
• Garage
• Built 1898

Property features AI

Exterior

• Parking: Carport (2 spaces); Oversized detached parking
• Utilities: Public water; Public sewer
• Home design: Residential single-family home
• Construction: Slate and asphalt shingle roof; Block and concrete unfinished basement; Basement present
• Exterior features: Deck; Enclosed porch; Sliding doors; Corner lot; Concrete road frontage; Sidewalks

Interior

• Kitchen: Dishwasher
• Bathrooms: One three-quarter bathroom; One half bathroom
• Heating & cooling: Central air; Ceiling fans; Forced air heating; Natural gas heating
• Interior features: Dishwasher; Dryer; Washer; Electric water heater; No fireplace
• Laundry & utility: Laundry on lower level; Washer and dryer included

What this means for you Summary

Snapshot

• This is a 1-bed/1.5-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $293 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($930 rent vs $69k).
• Recommended offer: $68k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 77/100 on livability (#171 in IA, #3,086 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Tripoli Community School District (rural): math 56% / reading 67% proficiency, ranked #226 of 289 in IA (top 78%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Tripoli Elementary School (math 62% / reading 57%, grade B-, #390 of 616 statewide, top 69%, 204 students, 39% FRL); Tripoli Middle/Sr High School (math 52% / reading 72%, grade B-, #242 of 336 statewide, top 76%, 185 students, 43% FRL) — zoned schools average 41% FRL vs 22% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 10 active listings in the ZIP; 34 units permitted in Bremer County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($477 loan paydown + $673 appreciation (1.0% local appreciation)).
• Bremer County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (1.0% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 8y 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 $25k; list at $69k implies a 176% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1898 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $67,965 (1.5% below list)

Questions for the listing agent

1. Built in 1898 — 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: 1.35% ✓
• Cap rate: 11.38%
• Cash-on-cash: 18.17%
• DSCR: 1.81
• GRM: 6.2

CMA / ARV

• ARV (median comp): $97,185
• List price: $69,000
• Delta: -29.00%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
200 NE 2nd St	0.33mi	2/1.5 (+1)	1,032 (-5%)	11mo	$65,000	$63	62
606 SE 1st St	0.16mi	2/1.0 (+1)	1,008 (-7%)	16mo	$82,200	$82	60
1007 S Main St St	0.42mi	2/1.5 (+1)	1,008 (-7%)	9mo	$50,000	$50	56
303 SE 1st St	0.07mi	2/2.0 (+1)	1,214 (+12%)	21mo	$130,000	$107	53
607 SW 3rd St	0.31mi	2/1.0 (+1)	960 (-12%)	23mo	$157,000	$164	40

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

Projected returns pro-forma

0.98% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.1%
• Equity multiple: 2.03×
• Total profit: $19,833
• Equity at exit: $23,467

10-year hold

• IRR: 23.2%
• Equity multiple: 3.80×
• Total profit: $54,089
• Equity at exit: $31,118

Cash invested: $19,320 (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 50676

• Home prices YoY: 0.5%
• Active inventory: 10
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $930 medium
• Mortgage (P&I): −$362
• Tax from tax record: −$52 /mo · $618/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$195
• Net cashflow: $293

Break-even live

Break-even rent $560

Max offer price $69,000

Occupancy floor 64%

Sensitivity live

Price	-10% $332	-5% $312	+0% $293	+5% $273	+10% $253
Rent	-10% $219	-5% $256	+0% $293	+5% $329	+10% $366
Rate	-1.0pp $327	-0.5pp $310	base $293	+0.5pp $275	+1.0pp $256

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-06-07
   statusdays on market $69,000 Pending 27 DOM
2. 2026-06-04
   days on market $69,000 Active 26 DOM
3. 2026-06-02
   days on market $69,000 Active 25 DOM
4. 2026-06-01
   days on market $69,000 Active 24 DOM
5. 2026-05-31
   days on market $69,000 Active 23 DOM
6. 2026-05-31
   days on market $69,000 Active 22 DOM
7. 2026-05-08
   listed $69,000 Active 1201-char remark
8. 2018-11-13
   soldstatus $25,000
9. 2018-11-05
   soldstatus $25,000 304-char remark

   Show marketing remark (304 chars)

   Great investment opportunity on this home with an oversized 2 stall garage sitting on a nice corner lot! This home offers a nice open kitchen, formal dining, a main floor bedroom, main floor full bathroom, a large deck, 2 additional bedrooms and a bathroom upstairs. Call today for your private showing!

10. 2018-07-17
    listed $29,900 304-char remark

    Show marketing remark (304 chars)

    Great investment opportunity on this home with an oversized 2 stall garage sitting on a nice corner lot! This home offers a nice open kitchen, formal dining, a main floor bedroom, main floor full bathroom, a large deck, 2 additional bedrooms and a bathroom upstairs. Call today for your private 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: $618 · $52/mo
• Projected year-2 tax: $851 · $71/mo
• Expected delta: +$233/yr (+$19/mo · 37.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $11,159
• − Mortgage interest: −$3,865
• − Property taxes: −$618
• − Insurance: −$345
• − Repairs & maintenance: −$893
• − Management: −$893
• − Depreciation: −$2,007
• Taxable income: $2,538
• Est. tax owed @ 24.0%: −$609
• After-tax cash flow: $2,901/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: Tripoli Community School District
• NCES district ID: 1928050
• Math proficiency: 56% ▼ -6.00%
• Reading proficiency: 67% ▲ 7.00%
• Median HH income: $53,773
• Composite: 52.64/100
• National rank: #1555
• State rank: #226 of 289 in IA

Livability — Tripoli

• Score: 77/100
• State rank: #171
• US rank: #3086

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: Tripoli, IA
• Population (ZIP): 2,128

Population outlook (Bremer County) Hauer SSP2

• Today (2025): 25,557 people
• By 2030: 25,842 · +1.1%
• By 2040: 26,206 · +2.5%
• By 2050: 26,620 · +4.2%
• By 2075: 27,635 · +8.1%
• By 2100: 28,760 · +12.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 6% Hispanic / Latino 1%
• Common ancestry: Portuguese 5% Romanian 4% Lithuanian 2%
• Languages at home: 99% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Bremer

• 2024 margin: Strong R (+22.2) · D 38.3% · R 60.5% · Other 1.3%
• 2008→2024 swing: -31.5pp toward R · 2008: 9.3pp · 2024: -22.2pp
• All cycles: 2024: R+22.2 2020: R+16.1 2016: R+13.9 2012: D+2.5 2008: D+9.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.98%
• Current HPI: 188.7982
• 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

+130.8% since first listed

5 events — show timeline

• 2026-06-04 Pending — NEIRBR as distributed by MLS GRID
• 2026-05-08 Listed $69,000 NEIRBR as distributed by MLS GRID
• 2018-11-13 Sold (Public Records) $25,000 Public Records
• 2018-11-05 Sold (MLS) $25,000 NEIRBR as distributed by MLS GRID
• 2018-07-17 Listed $29,900 NEIRBR as distributed by MLS GRID

Property tax history

-0.5%/yr

Latest (2025): $618 · +4.4% YoY. Source: county tax records.