605 Lincoln St · Wellsburg, IA 50680

$129,900

3 bd · 1.0 ba · 1,325 sqft · SingleFamily public records · 92 Days on market

Built 1930 0.26 ac lot $98/sqft · 8% below area Est $141k · 8% under ↓ 4% since listing

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Why this score? — see what drove the D 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).

• ARV discount +11.1/15.0
• Cash flow +8.3/30.0
• Appreciation +6.2/10.0
• Schools +5.5/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.2/10.0
• 1% rule +1.7/10.0

Listing remarks MLS

Charming Small-Town Living with Big Potential, welcome to 605 Lincoln St, Wellsburg! Step into the warmth and comfort of this inviting home. Located on a quiet street, 605 Lincoln St offers the perfect blend of peaceful small-town living with the convenience of being just a short drive from surrounding communities. From the moment you arrive, you’ll appreciate the home’s welcoming curb appeal and spacious setting. Inside, you’ll find a layout designed for both everyday living and entertaining, featuring comfortable living spaces filled with natural light and a cozy atmosphere that instantly feels like home. The property offers plenty of room to make it your own whether you’re a first-time buyer, looking to downsize, or searching for an investment opportunity. The yard provides space to relax, garden, or host gatherings, while the home itself presents endless potential for personalization and updates. Enjoy the charm of a close-knit community while still having access to modern conveniences. This is an opportunity to own a home where you can truly settle in, grow, and create lasting memories. Don’t miss your chance to turn this house into your home.

Key facts

• Quiet street
• Spacious setting
• Natural light

Tags

• QUIET STREET
• WELCOMING CURB APPEAL
• SPACIOUS SETTING
• NATURAL LIGHT
• COMFORTABLE LIVING SPACES
• SPACE TO GARDEN

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $-119 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $109k (16.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $86k (33.4% below list).
• Recommended offer: $86k (33.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 70/100 on livability (#359 in IA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D+, amenities F, commute 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.
• Zoned schools: Agwsr Elementary School (math 62% / reading 57%, grade B-, #390 of 616 statewide, top 69%, 191 students, 38% FRL); Agwsr Middle School (math 57% / reading 72%, grade A-, #157 of 246 statewide, top 67%, 161 students, 41% FRL); Agwsr High School (math 67% / reading 77%, grade B+, #117 of 336 statewide, top 39%, 192 students, 35% FRL).
• Market conditions: 19 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 14 units permitted in Grundy County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($898 loan paydown + $3k appreciation (2.4% local appreciation)).
• By year 9, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $86,500 (33.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 92 days. Have you received any prior offers? Is the seller open to a 33% concession, seller financing, or rate buy-down credit?
3. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.67% ✗
• Cap rate: 5.19%
• Cash-on-cash: -3.94%
• DSCR: 0.82
• GRM: 12.5

CMA / ARV

• ARV (median comp): $141,232
• List price: $129,900
• Delta: -8.02%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
701 Lincoln St St	0.04mi	3/1.5	1,392 (+5%)	11mo	$149,000	$107	79
401 1st St	0.35mi	3/1.0	1,305 (-2%)	14mo	$135,000	$103	70
305 Wilson St	0.31mi	2/1.0 (-1)	1,256 (-5%)	4mo	$85,000	$68	68
203 1st St	0.43mi	3/1.0	1,344 (+1%)	17mo	$105,000	$78	63
403 Wilson St	0.26mi	3/1.0	1,242 (-6%)	23mo	$149,000	$120	58
127 W 4th St	0.49mi	2/2.5 (-1)	1,248 (-6%)	1mo	$187,000	$150	56
122 W 4th St	0.48mi	4/1.0 (+1)	1,456 (+10%)	12mo	$20,000	$14	46

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

Projected returns pro-forma

2.38% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 1.9%
• Equity multiple: 1.10×
• Total profit: $3,810
• Equity at exit: $53,948

10-year hold

• IRR: 5.7%
• Equity multiple: 1.81×
• Total profit: $29,522
• Equity at exit: $79,825

Cash invested: $36,372 (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 50680

• Home prices YoY: 1.4%
• Active inventory: 19
• Price-to-rent: 12.5×

Monthly cashflow live

• Estimated rent: $865 medium
• Mortgage (P&I): −$681
• Tax from tax record: −$67 /mo · $808/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$182
• Net cashflow: $-119

Break-even live

Break-even rent $1,016

Max offer price $108,822

Occupancy floor —

Sensitivity live

Price	-10% $-46	-5% $-83	+0% $-119	+5% $-156	+10% $-193
Rent	-10% $-188	-5% $-153	+0% $-119	+5% $-85	+10% $-51
Rate	-1.0pp $-54	-0.5pp $-86	base $-119	+0.5pp $-153	+1.0pp $-187

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
201 2nd St Wellsburg, IA	2.0	1.0	878	$865	$0.99	45d	1	0.42mi

Listing history 25 events

1. 2026-06-21
   days on market $129,900 Active 92 DOM
2. 2026-06-21
   days on market $129,900 Active 91 DOM
3. 2026-06-18
   days on market $129,900 Active 89 DOM
4. 2026-06-17
   days on market $129,900 Active 88 DOM
5. 2026-06-16
   days on market $129,900 Active 87 DOM
6. 2026-06-15
   days on market $129,900 Active 86 DOM
7. 2026-06-13
   days on market $129,900 Active 84 DOM
8. 2026-06-12
   days on market $129,900 Active 83 DOM
9. 2026-06-09
   days on market $129,900 Active 80 DOM
10. 2026-06-08
    days on market $129,900 Active 79 DOM
11. 2026-06-07
    days on market $129,900 Active 78 DOM
12. 2026-06-07
    days on market $129,900 Active 77 DOM
13. 2026-06-04
    days on market $129,900 Active 74 DOM
14. 2026-06-02
    days on market $129,900 Active 73 DOM
15. 2026-06-01
    days on market $129,900 Active 72 DOM
16. 2026-05-31
    days on market $129,900 Active 71 DOM
17. 2026-05-31
    days on market $129,900 Active 70 DOM
18. 2026-05-13
    price $129,900 1196-char remark

    Show marketing remark (1196 chars)

    Charming Small-Town Living with Big Potential, welcome to 605 Lincoln St, Wellsburg! Step into the warmth and comfort of this inviting home. Located on a quiet street, 605 Lincoln St offers the perfect blend of peaceful small-town living with the convenience of being just a short drive from surrounding communities. From the moment you arrive, you’ll appreciate the home’s welcoming curb appeal and spacious setting. Inside, you’ll find a layout designed for both everyday living and entertaining, featuring comfortable living spaces filled with natural light and a cozy atmosphere that instantly feels like home. The property offers plenty of room to make it your own whether you’re a first-time buyer, looking to downsize, or searching for an investment opportunity. The yard provides space to relax, garden, or host gatherings, while the home itself presents endless potential for personalization and updates. Enjoy the charm of a close-knit community while still having access to modern conveniences. This is an opportunity to own a home where you can truly settle in, grow, and create lasting memories. Don’t miss your chance to turn this house into your home.

19. 2026-03-21
    listed $135,000 Active 1196-char remark

    Show marketing remark (1196 chars)

    Charming Small-Town Living with Big Potential, welcome to 605 Lincoln St, Wellsburg! Step into the warmth and comfort of this inviting home. Located on a quiet street, 605 Lincoln St offers the perfect blend of peaceful small-town living with the convenience of being just a short drive from surrounding communities. From the moment you arrive, you’ll appreciate the home’s welcoming curb appeal and spacious setting. Inside, you’ll find a layout designed for both everyday living and entertaining, featuring comfortable living spaces filled with natural light and a cozy atmosphere that instantly feels like home. The property offers plenty of room to make it your own whether you’re a first-time buyer, looking to downsize, or searching for an investment opportunity. The yard provides space to relax, garden, or host gatherings, while the home itself presents endless potential for personalization and updates. Enjoy the charm of a close-knit community while still having access to modern conveniences. This is an opportunity to own a home where you can truly settle in, grow, and create lasting memories. Don’t miss your chance to turn this house into your home.

20. 2025-10-09
    soldstatus $125,000
21. 2025-10-03
    soldstatus $125,900 Closed 1320-char remark

    Show marketing remark (1320 chars)

    Charming Home on the Edge of Town with a Country Feel — Now with $4,000 Credit! This sale just got more exciting! Enjoy a $4,000 credit at closing—perfect to use for renovations, closing costs, or customizing the home to make it truly your own. Welcome to a charming and unique property that offers the best of both worlds: town convenience and a peaceful, country-like setting. Located on the outskirts of town, this home features an attached shop for added functionality and a separate backyard outbuilding—ideal for storage, a or a creative space. Step inside to a spacious kitchen and dining area, highlighted by custom-built cupboards that add character and warmth to the entry. The cozy living room provides a perfect retreat for relaxing evenings. Toward the back of the home, you'll find a full bathroom and three generously sized bedrooms, offering comfort and privacy for the whole family. Additional highlights include: • Easy alley access—great if you plan to build a future garage • Ample yard space for gardening, outdoor activities, or expansion • Quiet surroundings that keep you close to town amenities Don’t miss this rare opportunity to own a home with extra space, functionality, and bonus value. Schedule your showing today and imagine the possibilities!

22. 2025-09-10
    status Pending 1320-char remark

    Show marketing remark (1320 chars)

    Charming Home on the Edge of Town with a Country Feel — Now with $4,000 Credit! This sale just got more exciting! Enjoy a $4,000 credit at closing—perfect to use for renovations, closing costs, or customizing the home to make it truly your own. Welcome to a charming and unique property that offers the best of both worlds: town convenience and a peaceful, country-like setting. Located on the outskirts of town, this home features an attached shop for added functionality and a separate backyard outbuilding—ideal for storage, a or a creative space. Step inside to a spacious kitchen and dining area, highlighted by custom-built cupboards that add character and warmth to the entry. The cozy living room provides a perfect retreat for relaxing evenings. Toward the back of the home, you'll find a full bathroom and three generously sized bedrooms, offering comfort and privacy for the whole family. Additional highlights include: • Easy alley access—great if you plan to build a future garage • Ample yard space for gardening, outdoor activities, or expansion • Quiet surroundings that keep you close to town amenities Don’t miss this rare opportunity to own a home with extra space, functionality, and bonus value. Schedule your showing today and imagine the possibilities!

23. 2025-08-04
    price $125,900 1320-char remark

    Show marketing remark (1320 chars)

    Charming Home on the Edge of Town with a Country Feel — Now with $4,000 Credit! This sale just got more exciting! Enjoy a $4,000 credit at closing—perfect to use for renovations, closing costs, or customizing the home to make it truly your own. Welcome to a charming and unique property that offers the best of both worlds: town convenience and a peaceful, country-like setting. Located on the outskirts of town, this home features an attached shop for added functionality and a separate backyard outbuilding—ideal for storage, a or a creative space. Step inside to a spacious kitchen and dining area, highlighted by custom-built cupboards that add character and warmth to the entry. The cozy living room provides a perfect retreat for relaxing evenings. Toward the back of the home, you'll find a full bathroom and three generously sized bedrooms, offering comfort and privacy for the whole family. Additional highlights include: • Easy alley access—great if you plan to build a future garage • Ample yard space for gardening, outdoor activities, or expansion • Quiet surroundings that keep you close to town amenities Don’t miss this rare opportunity to own a home with extra space, functionality, and bonus value. Schedule your showing today and imagine the possibilities!

24. 2025-05-01
    price $129,900 1320-char remark

    Show marketing remark (1320 chars)

    Charming Home on the Edge of Town with a Country Feel — Now with $4,000 Credit! This sale just got more exciting! Enjoy a $4,000 credit at closing—perfect to use for renovations, closing costs, or customizing the home to make it truly your own. Welcome to a charming and unique property that offers the best of both worlds: town convenience and a peaceful, country-like setting. Located on the outskirts of town, this home features an attached shop for added functionality and a separate backyard outbuilding—ideal for storage, a or a creative space. Step inside to a spacious kitchen and dining area, highlighted by custom-built cupboards that add character and warmth to the entry. The cozy living room provides a perfect retreat for relaxing evenings. Toward the back of the home, you'll find a full bathroom and three generously sized bedrooms, offering comfort and privacy for the whole family. Additional highlights include: • Easy alley access—great if you plan to build a future garage • Ample yard space for gardening, outdoor activities, or expansion • Quiet surroundings that keep you close to town amenities Don’t miss this rare opportunity to own a home with extra space, functionality, and bonus value. Schedule your showing today and imagine the possibilities!

25. 2025-03-03
    listed $134,900 Active 1320-char remark

    Show marketing remark (1320 chars)

    Charming Home on the Edge of Town with a Country Feel — Now with $4,000 Credit! This sale just got more exciting! Enjoy a $4,000 credit at closing—perfect to use for renovations, closing costs, or customizing the home to make it truly your own. Welcome to a charming and unique property that offers the best of both worlds: town convenience and a peaceful, country-like setting. Located on the outskirts of town, this home features an attached shop for added functionality and a separate backyard outbuilding—ideal for storage, a or a creative space. Step inside to a spacious kitchen and dining area, highlighted by custom-built cupboards that add character and warmth to the entry. The cozy living room provides a perfect retreat for relaxing evenings. Toward the back of the home, you'll find a full bathroom and three generously sized bedrooms, offering comfort and privacy for the whole family. Additional highlights include: • Easy alley access—great if you plan to build a future garage • Ample yard space for gardening, outdoor activities, or expansion • Quiet surroundings that keep you close to town amenities Don’t miss this rare opportunity to own a home with extra space, functionality, and bonus value. Schedule your showing today and imagine the possibilities!

ⓘ 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: $808 · $67/mo
• Projected year-2 tax: $1,424 · $119/mo
• Expected delta: +$616/yr (+$51/mo · 76.2%)

ⓘ 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 2/10 Low 7 d/yr ≥101°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: $10,380
• − Mortgage interest: −$7,276
• − Property taxes: −$808
• − Insurance: −$650
• − Repairs & maintenance: −$830
• − Management: −$830
• − Depreciation: −$3,779
• Taxable loss: −$3,794
• Est. tax savings @ 24.0%: +$910
• After-tax cash flow: $-521/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 — Wellsburg

• Score: 70/100
• State rank: #359
• US rank: #7523

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wellsburg, IA
• Population (ZIP): 1,077

Population outlook (Grundy County) Hauer SSP2

• Today (2025): 12,452 people
• By 2030: 12,452 · +0.0%
• By 2040: 12,437 · -0.1%
• By 2050: 12,370 · -0.7%
• By 2075: 12,495 · +0.3%
• By 2100: 11,823 · -5.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (98%)
• Race & ethnicity: White 98%
• Common ancestry: Iranian 3% Lithuanian 3% Portuguese 2%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · German/W. Germanic 2% Spanish 1%

Political lean MEDSL · Grundy

• 2024 margin: Solid R (+41.8) · D 28.3% · R 70.1% · Other 1.6%
• 2008→2024 swing: -24.9pp toward R · 2008: -16.9pp · 2024: -41.8pp
• All cycles: 2024: R+41.8 2020: R+37.4 2016: R+39.5 2012: R+23.1 2008: R+16.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.38%
• Current HPI: 174.2664
• 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

-3.7% since first listed

8 events — show timeline

• 2026-05-13 Price Changed $129,900 NEIRBR as distributed by MLS GRID
• 2026-03-21 Listed $135,000 NEIRBR as distributed by MLS GRID
• 2025-10-09 Sold (Public Records) $125,000 Public Records
• 2025-10-03 Sold (MLS) $125,900 NEIRBR as distributed by MLS GRID
• 2025-09-10 Pending — NEIRBR as distributed by MLS GRID
• 2025-08-04 Price Changed $125,900 NEIRBR as distributed by MLS GRID
• 2025-05-01 Price Changed $129,900 NEIRBR as distributed by MLS GRID
• 2025-03-03 Listed $134,900 NEIRBR as distributed by MLS GRID

Property tax history

-2.4%/yr

Latest (2025): $808 · +3.3% YoY. Source: county tax records.