309 Whitewood St · Burlington, IA 52601

$150,000

3 bd · 1.5 ba · 1,376 sqft · SingleFamily public records · 27 Days on market

Built 1900 0.65 ac lot $109/sqft · 12% below area Est $170k · 12% under

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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 +12.7/15.0
• Cash flow +12.2/30.0
• Schools +4.0/10.0
• Livability +3.7/5.0
• DSCR +3.6/10.0
• 1% rule +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Comp purposes only.

Key facts

• Extra-large yard
• Brand-new flooring
• Fresh paint

Tags

• BRAND-NEW FLOORING
• HARDWOOD FLOORS
• FRESH PAINT
• RECENTLY INSTALLED WATER METER
• QUIET SECLUDED NEIGHBORHOOD
• EXTRA-LARGE YARD

Property features AI

Exterior

• Parking: Detached concrete garage with 2 car spaces
• Utilities: Public water; Public sewer
• Home design: Two-story single family residence; Residential property
• Construction: Metal siding
• Exterior features: Lot approximately 0.65 acres (74 x 385)

Interior

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

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $-31 ($-366/yr) — negative.
• To cash-flow at today's rent, offer at most $145k (3.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $123k (18.2% below list).
• Recommended offer: $123k (18.2% below list) — sets the bar for 1% rule.

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.
• Zoned schools: Black Hawk Elementary School (math 52% / reading 52%, grade C-, #494 of 616 statewide, top 83%, 316 students, 72% FRL); Edward Stone Middle School (math 34% / reading 48%, grade F, #236 of 246 statewide, top 96%, 489 students, 63% FRL); Burlington Community High School (math 45% / reading 64%, grade C-, #290 of 336 statewide, top 87%, 1,092 students, 58% FRL).
• Market conditions: 188 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 $1k 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 27 days — a 2% lower offer ($148k) 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.
• Current owner paid $85k; list at $150k implies a 76% 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 $122,774 (18.2% 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. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.82% ✗
• Cap rate: 6.05%
• Cash-on-cash: -0.87%
• DSCR: 0.96
• GRM: 10.2

CMA / ARV

• ARV (median comp): $169,584
• List price: $150,000
• Delta: -11.55%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2218 S 3rd St	0.07mi	4/1.0 (+1)	1,210 (-12%)	1mo	$137,500	$114	69
2524 S Main St	0.17mi	2/1.0 (-1)	1,250 (-9%)	6mo	$120,000	$96	65
109 Orchard Pl	0.25mi	2/1.0 (-1)	1,208 (-12%)	1mo	$97,000	$80	60
427 Denmark St	0.41mi	3/1.0	1,247 (-9%)	4mo	$106,750	$86	60
1902 S 10th St	0.47mi	2/1.0 (-1)	1,326 (-4%)	7mo	$97,500	$74	59
2217 S Central Ave	0.50mi	4/3.0 (+1)	1,356 (-2%)	8mo	$275,000	$203	56
1909 Madison Ave	0.44mi	3/2.0	1,528 (+11%)	4mo	$159,000	$104	56
1101 Park Ave	0.52mi	3/1.0	1,232 (-10%)	3mo	$160,000	$130	54
1913 S 15th St	0.75mi	3/1.5	1,461 (+6%)	4mo	$120,000	$82	51
2016 S 15th St	0.70mi	3/2.0	1,260 (-8%)	1mo	$139,800	$111	50
2213 Cherokee St	0.70mi	3/2.0	1,296 (-6%)	7mo	$178,000	$137	50
424 Wightman St	0.69mi	2/1.0 (-1)	1,290 (-6%)	5mo	$123,000	$95	46

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: -17.7%
• Equity multiple: 0.37×
• Total profit: $-26,255
• Equity at exit: $22,365

10-year hold

• IRR: -9.9%
• Equity multiple: 0.40×
• Total profit: $-25,382
• Equity at exit: $12,969

Cash invested: $42,000 (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: 188
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,228 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$151 /mo · $1,816/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $-31

Break-even live

Break-even rent $1,266

Max offer price $144,606

Occupancy floor 97%

Sensitivity live

Price	-10% $54	-5% $12	+0% $-31	+5% $-73	+10% $-115
Rent	-10% $-128	-5% $-79	+0% $-31	+5% $18	+10% $66
Rate	-1.0pp $45	-0.5pp $8	base $-31	+0.5pp $-69	+1.0pp $-109

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-06-01
   status $150,000 Pending 27 DOM
2. 2026-06-01
   days on market $150,000 Active 27 DOM
3. 2026-05-31
   days on market $150,000 Active 26 DOM
4. 2026-05-30
   days on market $150,000 Active 25 DOM
5. 2026-05-05
   listed $150,000 Active 1006-char remark
6. 2025-12-17
   soldstatus $85,000
7. 2025-12-15
   soldstatus $85,000 19-char remark

   Show marketing remark (19 chars)

   Comp purposes only.

8. 2025-12-15
   listed $85,000 19-char remark

   Show marketing remark (19 chars)

   Comp purposes only.

9. 2025-11-17
   soldstatus $41,500
10. 2025-11-12
    soldstatus $41,500

    Show marketing remark (18 chars)

    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: $1,816 · $151/mo
• Projected year-2 tax: $2,086 · $174/mo
• Expected delta: +$270/yr (+$22/mo · 14.8%)

ⓘ 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: $14,733
• − Mortgage interest: −$8,402
• − Property taxes: −$1,816
• − Insurance: −$750
• − Repairs & maintenance: −$1,179
• − Management: −$1,179
• − Depreciation: −$4,364
• Taxable loss: −$2,956
• Est. tax savings @ 24.0%: +$710
• After-tax cash flow: $343/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

+261.4% since first listed

7 events — show timeline

• 2026-06-01 Pending — IAR
• 2026-05-05 Listed $150,000 IAR
• 2025-12-17 Sold (Public Records) $85,000 Public Records
• 2025-12-15 Listed $85,000 IAR
• 2025-12-15 Sold (MLS) $85,000 IAR
• 2025-11-17 Sold (Public Records) $41,500 Public Records
• 2025-11-12 Sold (MLS) $41,500 IAR

Property tax history

+1.2%/yr

Latest (2025): $1,816 · +14.4% YoY. Source: county tax records.