507 King St · Blockton, IA 50836

$21,900

2 bd · 2.0 ba · 1,474 sqft · SingleFamily public records · 231 Days on market

Built 1962 2,614 sqft lot ↓ 18% since listing

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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
• Schools +7.0/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Appreciation +5.0/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

This 2-3 bedroom home needs cleaned out and a few updates & repairs, but is an excellent opportunity for some quick sweat equity. The sensible floor plan is sure to please, and the dry basement offers a non conforming 3rd bedroom or whatever you wish. The garage may be best torn down and start over, but you can be the judge there. The home sits on a nice level corner lot in a nice quiet small town.

Key facts

• Level corner lot
• Dry basement
• 2,614 sq ft lot

Tags

• DRY BASEMENT
• LEVEL CORNER LOT

Property features AI

Exterior

• Parking: Attached garage (1 car)
• Utilities: Electric with fuses; Public sewer
• Home design: Single-family residence; Residential property
• Construction: HardiPlank and wood siding exterior
• Exterior features: Lot approximately 23' x 119' (about 0.06 acres)

Interior

• Kitchen: Range; Refrigerator
• Bathrooms: 1 full bathroom; 1 three-quarter bathroom
• Heating & cooling: Forced air heating; Window unit cooling
• Interior features: Range; Refrigerator; Basement

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $22k.

Deal economics

• At list price, monthly cash flow is $687 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $22k).
• Recommended offer: $19k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 57/100 on livability (#907 in IA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime C-, schools D-, amenities F.
• Bedford Community School District (rural): math 81% / reading 85% proficiency, ranked #23 of 289 in IA (top 8%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 5 active listings in the ZIP; 4 units permitted in Taylor County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $808 of equity ($151 loan paydown + $657 appreciation (3.0% local appreciation)).
• At projected returns (3.0% appreciation + 3.0% rent growth), your $6k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 231 days — a 12% lower offer ($19k) is reasonable based on typical stale-listing flexibility.

Recommended offer $19,272 (12.0% below list)

Questions for the listing agent

1. It's been on market 231 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 4.85% ✓
• Cap rate: 43.96%
• Cash-on-cash: 134.53%
• DSCR: 6.99
• GRM: 1.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: —
• Equity multiple: 8.57×
• Total profit: $46,439
• Equity at exit: $9,847

10-year hold

• IRR: —
• Equity multiple: 17.96×
• Total profit: $103,981
• Equity at exit: $15,176

Cash invested: $6,132 (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 50836

• Active inventory: 5
• Price-to-rent: 1.7×

Monthly cashflow live

• Estimated rent: $1,062 medium
• Mortgage (P&I): −$115
• Tax est. 1.5%: −$27 /mo · $328/yr
• Insurance: −$9
• HOA: −$0
• Vacancy / Maint / Mgmt: −$223
• Net cashflow: $687

Break-even live

Break-even rent $192

Max offer price $21,900

Occupancy floor 30%

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: $5,475
• Closing costs: $657
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $21,900 Active 231 DOM
2. 2026-06-17
   days on market $21,900 Active 230 DOM
3. 2026-06-16
   days on market $21,900 Active 229 DOM
4. 2026-06-15
   days on market $21,900 Active 228 DOM
5. 2026-06-13
   days on market $21,900 Active 226 DOM
6. 2026-06-12
   pricedays on market $21,900 Active 225 DOM
7. 2026-06-09
   pricestatusdays on market $19,900 Active 222 DOM
8. 2026-06-08
   days on market $18,500 Active Under Contract 221 DOM
9. 2026-06-07
   days on market $18,500 Active Under Contract 220 DOM
10. 2026-06-05
    days on market $18,500 Active Under Contract 218 DOM
11. 2026-06-04
    days on market $18,500 Active Under Contract 216 DOM
12. 2026-06-02
    days on market $18,500 Active Under Contract 215 DOM
13. 2026-06-01
    days on market $18,500 Active Under Contract 214 DOM
14. 2026-05-31
    days on market $18,500 Active Under Contract 213 DOM
15. 2026-05-31
    days on market $18,500 Active Under Contract 212 DOM
16. 2026-02-02
    historical Active Under Contract
17. 2025-12-15
    price $18,500
18. 2025-10-30
    listed $22,500 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥104°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: $12,741
• − Mortgage interest: −$1,227
• − Property taxes: −$328
• − Insurance: −$110
• − Repairs & maintenance: −$1,019
• − Management: −$1,019
• − Depreciation: −$637
• Taxable income: $8,401
• Est. tax owed @ 24.0%: −$2,016
• After-tax cash flow: $6,233/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: Bedford Community School District
• NCES district ID: 1904560
• Math proficiency: 81% ▬ 0.00%
• Reading proficiency: 85% ▲ 3.00%
• Median HH income: $43,547
• Composite: 69.52/100
• National rank: #305
• State rank: #23 of 289 in IA

Livability — Blockton

• Score: 57/100
• State rank: #907
• US rank: #21669

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: Blockton, IA
• Population (ZIP): 322

Population outlook (Taylor County) Hauer SSP2

• Today (2025): 6,143 people
• By 2030: 6,100 · -0.7%
• By 2040: 6,080 · -1.0%
• By 2050: 6,146 · +0.0%
• By 2075: 6,596 · +7.4%
• By 2100: 6,954 · +13.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 5%
• Common ancestry: Lithuanian 6% Romanian 3% Italian 3%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Taylor

• 2024 margin: Solid R (+55.7) · D 21.6% · R 77.4% · Other 1.0%
• 2008→2024 swing: -47.1pp toward R · 2008: -8.6pp · 2024: -55.7pp
• All cycles: 2024: R+55.7 2020: R+52.9 2016: R+45.1 2012: R+14.1 2008: R+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

-17.8% since first listed

3 events — show timeline

• 2026-02-02 Contingent — IAR
• 2025-12-15 Price Changed $18,500 IAR
• 2025-10-30 Listed $22,500 IAR

Property tax history

+9.2%/yr

Latest (2025): $1,135 · +10.1% YoY. Source: county tax records.