1003 Grant St · Scranton, IA 51462

$110,000

3 bd · 1.0 ba · 998 sqft · SingleFamily public records · 24 Days on market

Built 1920 5,000 sqft lot

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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 +15.0/30.0
• ARV discount +7.5/15.0
• Appreciation +7.1/10.0
• Schools +5.3/10.0
• DSCR +4.6/10.0
• 1% rule +4.1/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This Beautiful Craftsman style home is move-in ready: Updates include newer: electric, roof, gutters, furnace & water heater. Original woodwork and hardwood floors throughout. Appliances Included. This home is move in ready!

Key facts

• Walk up attic
• Full basement
• Newer water heater

Tags

• WALK UP ATTIC
• FULL BASEMENT
• NEWER WATER HEATER
• DETACHED GARAGE
• GENEROUSLY SIZED BACKYARD

Property features AI

Exterior

• Parking: Detached gravel garage with 1 garage space
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Vinyl siding
• Exterior features: Public water; Public sewer; 50 x 100 lot (approximately 0.12 acre)

Interior

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

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $35 ($421/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 $100k (8.7% below list).
• Recommended offer: $100k (8.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 61/100 on livability (#785 in IA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime C-, amenities F, commute F.
• Greene County Community School District (town): math 58% / reading 67% proficiency, ranked #223 of 289 in IA (top 77%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Greene County Elementary (math 62% / reading 52%, grade C+, #436 of 616 statewide, top 74%, 539 students, 52% FRL); Greene County Middle School (math 60% / reading 70%, grade A-, #154 of 246 statewide, top 63%, 346 students, 49% FRL); Greene County High School (math 54% / reading 74%, grade B-, #235 of 336 statewide, top 71%, 374 students, 42% FRL).
• Market conditions: 9 active listings in the ZIP; 15 units permitted in Greene County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($761 loan paydown + $5k appreciation (4.1% local appreciation)).
• Greene County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (4.1% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 7, 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 24 days — a 2% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 5 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.
• Current owner paid $80k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $100,460 (8.7% below list)

Questions for the listing agent

1. Built in 1920 — 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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.91% ✗
• Cap rate: 6.68%
• Cash-on-cash: 1.37%
• DSCR: 1.06
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $61,876
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
901 Main St	0.10mi	2/1.5 (-1)	1,056 (+6%)	2mo	$65,000	$62	77
706 Lincoln St	0.19mi	2/1.0 (-1)	1,145 (+15%)	0mo	$20,000	$17	61

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

Projected returns pro-forma

4.11% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.8%
• Equity multiple: 1.72×
• Total profit: $22,119
• Equity at exit: $56,500

10-year hold

• IRR: 13.3%
• Equity multiple: 3.20×
• Total profit: $67,853
• Equity at exit: $92,997

Cash invested: $30,800 (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 51462

• Home prices YoY: 2.2%
• Active inventory: 9
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,005 medium
• Mortgage (P&I): −$577
• Tax from tax record: −$136 /mo · $1,630/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$211
• Net cashflow: $35

Break-even live

Break-even rent $960

Max offer price $110,000

Occupancy floor 92%

Sensitivity live

Price	-10% $97	-5% $66	+0% $35	+5% $4	+10% $-27
Rent	-10% $-44	-5% $-5	+0% $35	+5% $75	+10% $114
Rate	-1.0pp $91	-0.5pp $63	base $35	+0.5pp $7	+1.0pp $-22

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-21
   days on market $110,000 Active 24 DOM
2. 2026-06-21
   days on market $110,000 Active 23 DOM
3. 2026-06-18
   days on market $110,000 Active 21 DOM
4. 2026-06-17
   days on market $110,000 Active 20 DOM
5. 2026-06-16
   days on market $110,000 Active 19 DOM
6. 2026-06-15
   days on market $110,000 Active 18 DOM
7. 2026-06-13
   days on market $110,000 Active 16 DOM
8. 2026-06-12
   days on market $110,000 Active 15 DOM
9. 2026-06-09
   days on market $110,000 Active 12 DOM
10. 2026-06-08
    days on market $110,000 Active 11 DOM
11. 2026-06-07
    days on market $110,000 Active 10 DOM
12. 2026-06-07
    days on market $110,000 Active 9 DOM
13. 2026-06-04
    days on market $110,000 Active 6 DOM
14. 2026-06-02
    days on market $110,000 Active 5 DOM
15. 2026-06-01
    days on market $110,000 Active 4 DOM
16. 2026-05-31
    days on market $110,000 Active 3 DOM
17. 2026-05-31
    days on market $110,000 Active 2 DOM
18. 2026-05-28
    listed $110,000 Active
19. 2024-05-20
    soldstatus $80,000
20. 2019-06-27
    soldstatus $43,500
21. 2019-06-26
    soldstatus $43,500 228-char remark

    Show marketing remark (228 chars)

    This Beautiful Craftsman style home is move-in ready: Updates include newer: electric, roof, gutters, furnace & water heater. Original woodwork and hardwood floors throughout. Appliances Included. This home is move in ready!

22. 2019-06-26
    soldstatus $43,500 228-char remark

    Show marketing remark (228 chars)

    This Beautiful Craftsman style home is move-in ready: Updates include newer: electric, roof, gutters, furnace & water heater. Original woodwork and hardwood floors throughout. Appliances Included. This home is move in ready!

23. 2019-04-10
    listed $44,900 228-char remark

    Show marketing remark (228 chars)

    This Beautiful Craftsman style home is move-in ready: Updates include newer: electric, roof, gutters, furnace & water heater. Original woodwork and hardwood floors throughout. Appliances Included. This home is move in ready!

24. 2019-04-10
    listed $44,900 228-char remark

    Show marketing remark (228 chars)

    This Beautiful Craftsman style home is move-in ready: Updates include newer: electric, roof, gutters, furnace & water heater. Original woodwork and hardwood floors throughout. Appliances Included. This home is move in ready!

25. 2017-02-24
    soldstatus $34,875
26. 2017-02-22
    soldstatus $35,000 269-char remark

    Show marketing remark (269 chars)

    This beautiful Craftsman style home is move-in ready!! New windows in 2012, with transferrable warranty. Other updates include: electric upgrade-2002, new roof & gutters-2006, and new furnace and water heater-2012. Original woodwork and hardwood floors throughout.

27. 2017-02-22
    soldstatus $35,000 269-char remark

    Show marketing remark (269 chars)

    This beautiful Craftsman style home is move-in ready!! New windows in 2012, with transferrable warranty. Other updates include: electric upgrade-2002, new roof & gutters-2006, and new furnace and water heater-2012. Original woodwork and hardwood floors throughout.

28. 2015-09-19
    listed $47,500 269-char remark

    Show marketing remark (269 chars)

    This beautiful Craftsman style home is move-in ready!! New windows in 2012, with transferrable warranty. Other updates include: electric upgrade-2002, new roof & gutters-2006, and new furnace and water heater-2012. Original woodwork and hardwood floors throughout.

29. 2015-09-19
    listed $47,500 269-char remark

    Show marketing remark (269 chars)

    This beautiful Craftsman style home is move-in ready!! New windows in 2012, with transferrable warranty. Other updates include: electric upgrade-2002, new roof & gutters-2006, and new furnace and water heater-2012. Original woodwork and hardwood floors throughout.

ⓘ 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: $1,630 · $136/mo
• Projected year-2 tax: $1,678 · $140/mo
• Expected delta: +$48/yr (+$4/mo · 3.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥103°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: $12,055
• − Mortgage interest: −$6,162
• − Property taxes: −$1,630
• − Insurance: −$550
• − Repairs & maintenance: −$964
• − Management: −$964
• − Depreciation: −$3,200
• Taxable loss: −$1,415
• Est. tax savings @ 24.0%: +$340
• After-tax cash flow: $761/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: Greene County Community School District
• NCES district ID: 1915210
• Math proficiency: 58% ▼ -6.00%
• Reading proficiency: 67% ▲ 2.00%
• Median HH income: $46,051
• Composite: 52.74/100
• National rank: #1548
• State rank: #223 of 289 in IA

Livability — Scranton

• Score: 61/100
• State rank: #785
• US rank: #17818

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Scranton, IA
• City population: 940
• Population (ZIP): 940

Population outlook (Greene County) Hauer SSP2

• Today (2025): 8,361 people
• By 2030: 8,090 · -3.2%
• By 2040: 7,607 · -9.0%
• By 2050: 7,186 · -14.1%
• By 2075: 6,528 · -21.9%
• By 2100: 5,799 · -30.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 6% Hispanic / Latino 4% Asian 1%
• Common ancestry: Slovak 1% Iranian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Chinese 1% Spanish 1%

Political lean MEDSL · Greene

• 2024 margin: Solid R (+33.0) · D 32.9% · R 65.9% · Other 1.2%
• 2008→2024 swing: -33.4pp toward R · 2008: 0.5pp · 2024: -33.0pp
• All cycles: 2024: R+33.0 2020: R+28.8 2016: R+23.8 2012: R+0.1 2008: D+0.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.11%
• Current HPI: 188.1394
• 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

+131.6% since first listed

12 events — show timeline

• 2026-05-28 Listed $110,000 IAR
• 2024-05-20 Sold (Public Records) $80,000 Public Records
• 2019-06-27 Sold (Public Records) $43,500 Public Records
• 2019-06-26 Sold (MLS) $43,500 NORTHSTARMLS as Distributed by MLS Grid
• 2019-06-26 Sold (MLS) $43,500 IAR
• 2019-04-10 Listed $44,900 NORTHSTARMLS as Distributed by MLS Grid
• 2019-04-10 Listed $44,900 IAR
• 2017-02-24 Sold (Public Records) $34,875 Public Records
• 2017-02-22 Sold (MLS) $35,000 IAR
• 2017-02-22 Sold (MLS) $35,000 NORTHSTARMLS as Distributed by MLS Grid
• 2015-09-19 Listed $47,500 IAR
• 2015-09-19 Listed $47,500 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+19.6%/yr

Latest (2025): $1,630 · +1.5% YoY. Source: county tax records.