419 S Lincoln Ave · Eagle Grove, IA 50533

$135,000

4 bd · 1.5 ba · 1,983 sqft · SingleFamily public records · 26 Days on market

Built 1920 Est $155k · 13% under ↓ 21% 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).

• Cash flow +13.6/30.0
• ARV discount +13.2/15.0
• Schools +4.5/10.0
• DSCR +4.1/10.0
• 1% rule +3.9/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Large 4 bedroom family home located 1 block from City Park. Home offers main floor bedroom with laundry and bathroom. Large living room with separate dinning room. Screened in porch on back of house is perfect for enjoying your morning coffee or watching the evening sunsets. Bonus none heated room between garage and porch for storage, games, or shop. Tons of storage room in this house and country views from the rear of the house. Vinyl windows and maintenance free siding. Over sized one stall garage with work bench. Also comes with a storage shed. Appliances included.

Key facts

• Mudroom entry space
• Wood floors
• Storage throughout

Tags

• 3-SEASON PORCH
• LARGE YARD
• MUDROOM ENTRY SPACE
• WOOD FLOORS
• STORAGE THROUGHOUT

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $7 ($84/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 $120k (11.1% below list).
• Recommended offer: $120k (11.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 78/100 on livability (#144 in IA, #2,591 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Eagle Grove Community School District (rural): math 50% / reading 56% proficiency, ranked #274 of 289 in IA (top 95%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 38 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 23 units permitted in Wright County in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Wright County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($133k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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.

Risks & watch-outs

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

Recommended offer $120,000 (11.1% 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. 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?
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: 0.89% ✗
• Cap rate: 6.35%
• Cash-on-cash: 0.22%
• DSCR: 1.01
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $154,674
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
201 N Hewett Ave	0.43mi	4/1.0	1,938 (-2%)	1mo	$150,000	$77	74
715 W Broadway St	0.32mi	4/2.0	1,956 (-1%)	11mo	$165,000	$84	72
805 W Broadway St	0.33mi	4/1.5	2,148 (+8%)	13mo	$100,000	$47	60
809 W Broadway St	0.34mi	5/2.0 (+1)	2,090 (+5%)	17mo	$160,000	$77	54
204 N Fort Ave	0.44mi	4/2.0	1,898 (-4%)	23mo	$179,000	$94	51
414 S Jackson Ave	0.68mi	4/1.5	1,805 (-9%)	3mo	$125,000	$69	51
103 Broadway Dr	0.63mi	4/2.0	1,880 (-5%)	16mo	$263,000	$140	47
201 Court Ave	0.53mi	4/2.5	2,092 (+6%)	20mo	$162,500	$78	45
301 S Commercial Ave	0.25mi	3/2.0 (-1)	2,177 (+10%)	24mo	$140,000	$64	45
1020 W Broadway St	0.42mi	3/2.0 (-1)	1,754 (-12%)	11mo	$186,000	$106	45
204 S Jackson Ave	0.69mi	5/2.0 (+1)	1,944 (-2%)	20mo	$80,000	$41	41
603 SE 5th St	0.74mi	4/2.5	2,216 (+12%)	22mo	$200,000	$90	24

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: -15.9%
• Equity multiple: 0.43×
• Total profit: $-21,409
• Equity at exit: $20,129

10-year hold

• IRR: -7.5%
• Equity multiple: 0.52×
• Total profit: $-17,978
• Equity at exit: $11,672

Cash invested: $37,800 (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 50533

• Home prices YoY: -15.6%
• Active inventory: 38
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,200 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$177 /mo · $2,122/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $7

Break-even live

Break-even rent $1,191

Max offer price $135,000

Occupancy floor 94%

Sensitivity live

Price	-10% $83	-5% $45	+0% $7	+5% $-31	+10% $-69
Rent	-10% $-88	-5% $-40	+0% $7	+5% $54	+10% $102
Rate	-1.0pp $75	-0.5pp $41	base $7	+0.5pp $-28	+1.0pp $-64

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
515 Nickellane Ave Eagle Grove, IA	3.0	2.0	1692	$1,200	$0.71	45d	1	0.65mi

Listing history 24 events

1. 2026-06-21
   days on market $135,000 Active 26 DOM
2. 2026-06-21
   days on market $135,000 Active 25 DOM
3. 2026-06-18
   days on market $135,000 Active 23 DOM
4. 2026-06-17
   days on market $135,000 Active 22 DOM
5. 2026-06-16
   days on market $135,000 Active 21 DOM
6. 2026-06-15
   days on market $135,000 Active 20 DOM
7. 2026-06-13
   days on market $135,000 Active 18 DOM
8. 2026-06-12
   days on market $135,000 Active 17 DOM
9. 2026-06-09
   days on market $135,000 Active 14 DOM
10. 2026-06-08
    days on market $135,000 Active 13 DOM
11. 2026-06-07
    days on market $135,000 Active 12 DOM
12. 2026-06-07
    days on market $135,000 Active 11 DOM
13. 2026-06-04
    days on market $135,000 Active 8 DOM
14. 2026-06-02
    days on market $135,000 Active 7 DOM
15. 2026-06-01
    days on market $135,000 Active 6 DOM
16. 2026-05-31
    days on market $135,000 Active 5 DOM
17. 2026-05-31
    days on market $135,000 Active 4 DOM
18. 2026-05-26
    listed $135,000 Active
19. 2024-04-09
    soldstatus $125,000
20. 2024-03-27
    soldstatus $125,000 Closed 574-char remark

    Show marketing remark (574 chars)

    Large 4 bedroom family home located 1 block from City Park. Home offers main floor bedroom with laundry and bathroom. Large living room with separate dinning room. Screened in porch on back of house is perfect for enjoying your morning coffee or watching the evening sunsets. Bonus none heated room between garage and porch for storage, games, or shop. Tons of storage room in this house and country views from the rear of the house. Vinyl windows and maintenance free siding. Over sized one stall garage with work bench. Also comes with a storage shed. Appliances included.

21. 2024-02-09
    status Pending 574-char remark

    Show marketing remark (574 chars)

    Large 4 bedroom family home located 1 block from City Park. Home offers main floor bedroom with laundry and bathroom. Large living room with separate dinning room. Screened in porch on back of house is perfect for enjoying your morning coffee or watching the evening sunsets. Bonus none heated room between garage and porch for storage, games, or shop. Tons of storage room in this house and country views from the rear of the house. Vinyl windows and maintenance free siding. Over sized one stall garage with work bench. Also comes with a storage shed. Appliances included.

22. 2024-01-08
    price $155,000 574-char remark

    Show marketing remark (574 chars)

    Large 4 bedroom family home located 1 block from City Park. Home offers main floor bedroom with laundry and bathroom. Large living room with separate dinning room. Screened in porch on back of house is perfect for enjoying your morning coffee or watching the evening sunsets. Bonus none heated room between garage and porch for storage, games, or shop. Tons of storage room in this house and country views from the rear of the house. Vinyl windows and maintenance free siding. Over sized one stall garage with work bench. Also comes with a storage shed. Appliances included.

23. 2023-12-26
    price $165,000 574-char remark

    Show marketing remark (574 chars)

    Large 4 bedroom family home located 1 block from City Park. Home offers main floor bedroom with laundry and bathroom. Large living room with separate dinning room. Screened in porch on back of house is perfect for enjoying your morning coffee or watching the evening sunsets. Bonus none heated room between garage and porch for storage, games, or shop. Tons of storage room in this house and country views from the rear of the house. Vinyl windows and maintenance free siding. Over sized one stall garage with work bench. Also comes with a storage shed. Appliances included.

24. 2023-12-01
    listed $169,900 Active 574-char remark

    Show marketing remark (574 chars)

    Large 4 bedroom family home located 1 block from City Park. Home offers main floor bedroom with laundry and bathroom. Large living room with separate dinning room. Screened in porch on back of house is perfect for enjoying your morning coffee or watching the evening sunsets. Bonus none heated room between garage and porch for storage, games, or shop. Tons of storage room in this house and country views from the rear of the house. Vinyl windows and maintenance free siding. Over sized one stall garage with work bench. Also comes with a storage shed. Appliances included.

ⓘ 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: $2,122 · $177/mo
• Projected year-2 tax: $2,122 · $177/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥100°F today · 16 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: $14,400
• − Mortgage interest: −$7,562
• − Property taxes: −$2,122
• − Insurance: −$675
• − Repairs & maintenance: −$1,152
• − Management: −$1,152
• − Depreciation: −$3,927
• Taxable loss: −$2,190
• Est. tax savings @ 24.0%: +$526
• After-tax cash flow: $609/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: Eagle Grove Community School District
• NCES district ID: 1909990
• Math proficiency: 50% ▼ -5.00%
• Reading proficiency: 56% ▼ -1.00%
• Median HH income: $46,241
• Composite: 44.89/100
• National rank: #2716
• State rank: #274 of 289 in IA

Livability — Eagle Grove

• Score: 78/100
• State rank: #144
• US rank: #2591

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Eagle Grove, IA
• City population: 3,994
• Population (ZIP): 3,994

Population outlook (Wright County) Hauer SSP2

• Today (2025): 12,154 people
• By 2030: 11,770 · -3.2%
• By 2040: 10,981 · -9.7%
• By 2050: 10,313 · -15.1%
• By 2075: 9,217 · -24.2%
• By 2100: 8,084 · -33.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (62%)
• Race & ethnicity: White 62% Hispanic / Latino 32% Two or more races 16% Asian 2%
• Hispanic origin (detail): Mexican 25%
• Common ancestry: Portuguese 9% Lithuanian 3% Italian 2%
• Foreign-born: 9% · Canada
• Languages at home: 72% English-only · Spanish 24% Other Asian/Pacific 3% German/W. Germanic 1%

Political lean MEDSL · Wright

• 2024 margin: Solid R (+36.5) · D 31.0% · R 67.5% · Other 1.4%
• 2008→2024 swing: -35.0pp toward R · 2008: -1.5pp · 2024: -36.5pp
• All cycles: 2024: R+36.5 2020: R+34.2 2016: R+31.9 2012: R+8.3 2008: R+1.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -32.82%
• Current HPI: 177.4331
• 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

-20.5% since first listed

7 events — show timeline

• 2026-05-26 Listed $135,000 FSBO.com
• 2024-04-09 Sold (Public Records) $125,000 Public Records
• 2024-03-27 Sold (MLS) $125,000 IAR
• 2024-02-09 Pending — IAR
• 2024-01-08 Price Changed $155,000 IAR
• 2023-12-26 Price Changed $165,000 IAR
• 2023-12-01 Listed $169,900 IAR

Property tax history

+4.8%/yr

Latest (2025): $2,122 · +22.9% YoY. Source: county tax records.