1900 Daleview Dr · Marion, IA 52302

$150,000

5 bd · 2.0 ba · 1,680 sqft · SingleFamily public records · 6 Days on market

Built 1972 0.26 ac lot Est $239k · 37% under ↓ 23% since listing

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Why this score? — see what drove the B 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 +25.7/30.0
• ARV discount +15.0/15.0
• DSCR +8.6/10.0
• 1% rule +7.5/10.0
• Schools +5.8/10.0
• Rent growth +4.6/5.0
• Livability +4.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This is the one investors have been waiting for. .. 1900 Daleview Drive in Marion is gutted to the studs and ready for you to take it across the finish line exactly the way you want. No working around someone else's choices, no tearing out finishes you didn't pick. You get a clean slate. Once completed, this will be a four-bedroom, three-bath home with a two-car garage sitting in the Marion Independent School District, which is a draw that matters when it comes time to sell or rent. The bones are there. The location is solid. All it needs is your vision and your crew. Cash offers only. Seller is reviewing all offers through Monday, May 25th at 9 p. m. and will respond to all offers by Tuesd

Key facts

• Gutted to the studs
• Clean slate
• Potential

Tags

• GUTTED TO THE STUDS
• CLEAN SLATE
• SOLID LOCATION
• POTENTIAL

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Multi/split levels
• Construction: Frame construction with wood siding
• Exterior features: Deck

Interior

• Bathrooms: Three full bathrooms
• Heating & cooling: Central air conditioning; Natural gas forced-air heating
• Interior features: Full concrete basement

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $361 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 9.2% vs local median 2.7% in Marion — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 84/100 on livability (#19 in IA, #633 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities D-, commute F.
• Marion Independent School District (suburban): math 68% / reading 70% proficiency, ranked #158 of 289 in IA (top 55%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Vernon Middle School (math 66% / reading 65%, grade A-, #153 of 246 statewide, top 62%, 668 students, 40% FRL); Marion High School (math 69% / reading 80%, grade B+, #89 of 336 statewide, top 30%, 722 students, 28% FRL).
• Market conditions: Rents rising fast (+8.4%/yr); 457 active listings in the ZIP; solid renter incomes; 1,023 units permitted in Linn County in 2024 (456 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.
• Linn County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $42k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $150,000

Questions for the listing agent

1. Built in 1972 — 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 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?
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: 1.25% ✓
• Cap rate: 9.18%
• Cash-on-cash: 10.31%
• DSCR: 1.46
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $238,560
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1500 Pleasantview Dr	0.13mi	5/2.0	1,809 (+8%)	4mo	$256,500	$142	78
1620 Hillcrest Ct	0.12mi	4/2.0 (-1)	1,795 (+7%)	5mo	$315,000	$175	74
1785 Valleyview Dr	0.24mi	4/2.0 (-1)	1,740 (+4%)	7mo	$247,000	$142	72
1840 Highview Dr	0.13mi	4/2.0 (-1)	1,723 (+3%)	21mo	$219,900	$128	67
1105 S 15th St	0.17mi	4/2.0 (-1)	1,530 (-9%)	7mo	$212,000	$139	67
855 S 14th St	0.38mi	4/2.0 (-1)	1,668 (-1%)	20mo	$200,000	$120	60
2445 Valleyview Ct	0.31mi	4/2.5 (-1)	1,728 (+3%)	21mo	$272,500	$158	57
2365 Hillview Dr	0.36mi	4/2.5 (-1)	1,870 (+11%)	5mo	$260,000	$139	54
2165 Pleasantview Dr	0.12mi	5/2.0	1,904 (+13%)	24mo	$234,000	$123	52
950 S 26th St	0.37mi	4/2.0 (-1)	1,770 (+5%)	21mo	$265,505	$150	51
825 Westview Dr	0.65mi	4/2.0 (-1)	1,594 (-5%)	6mo	$218,000	$137	51
295 S 19th St Ct	0.61mi	4/2.0 (-1)	1,512 (-10%)	7mo	$220,000	$146	44

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 5.0%
• Equity multiple: 1.21×
• Total profit: $8,687
• Equity at exit: $22,365

10-year hold

• IRR: 18.9%
• Equity multiple: 2.97×
• Total profit: $82,714
• 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 52302

• Rents YoY: 8.4%
• Active inventory: 457
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,881 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$276 /mo · $3,310/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $361

Break-even live

Break-even rent $1,424

Max offer price $150,000

Occupancy floor 76%

Sensitivity live

Price	-10% $446	-5% $403	+0% $361	+5% $318	+10% $276
Rent	-10% $212	-5% $286	+0% $361	+5% $435	+10% $509
Rate	-1.0pp $436	-0.5pp $399	base $361	+0.5pp $322	+1.0pp $282

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 2 events

1. 2026-05-21
   listed $150,000 Active
2. 2026-02-02
   soldstatus $194,000

ⓘ 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: $3,310 · $276/mo
• Projected year-2 tax: $3,310 · $276/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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,567
• − Mortgage interest: −$8,402
• − Property taxes: −$3,310
• − Insurance: −$750
• − Repairs & maintenance: −$1,805
• − Management: −$1,805
• − Depreciation: −$4,364
• Taxable income: $2,130
• Est. tax owed @ 24.0%: −$511
• After-tax cash flow: $3,817/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: Marion Independent School District
• NCES district ID: 1918690
• Math proficiency: 68% ▼ -6.00%
• Reading proficiency: 70% ▲ 2.00%
• Median HH income: $49,541
• Composite: 58.49/100
• National rank: #997
• State rank: #158 of 289 in IA

Livability — Marion

• Score: 84/100
• State rank: #19
• US rank: #633

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marion, IA
• County: Linn County · 179,860 people
• City population: 42,706
• Metro: Cedar Rapids, IA
• Population (ZIP): 42,706
• Household income: $87,983
• Rent vs Own: 22.6% rent · 77.4% own
• Severe rent burden: 940.0

Population outlook (Linn County) Hauer SSP2

• Today (2025): 239,589 people
• By 2030: 248,587 · +3.8%
• By 2040: 264,817 · +10.5%
• By 2050: 278,685 · +16.3%
• By 2075: 311,754 · +30.1%
• By 2100: 336,773 · +40.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 4% Hispanic / Latino 3% Black 3% Asian 2%
• Common ancestry: Portuguese 6% Iranian 3% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 1% Other Indo-European 1%

Political lean MEDSL · Linn

• 2024 margin: Lean D (+9.9) · D 54.2% · R 44.3% · Other 1.4%
• 2008→2024 swing: -11.6pp toward R · 2008: 21.5pp · 2024: 9.9pp
• All cycles: 2024: D+9.9 2020: D+13.7 2016: D+9.0 2012: D+17.6 2008: D+21.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -144.98%
• Current HPI: 199.2949
• Rent YoY: ▲ 8.37%
• Metro: Cedar Rapids, IA
• 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

-22.7% since first listed

3 events — show timeline

• 2026-05-27 Pending — CRAAR, CDRMLS
• 2026-05-21 Listed $150,000 CRAAR, CDRMLS
• 2026-02-02 Sold (Public Records) $194,000 Public Records

Property tax history

+2.3%/yr

Latest (2025): $3,310 · -0.9% YoY. Source: county tax records.