312 Main St · Renwick, IA 50577

$59,000

3 bd · 1.0 ba · 1,124 sqft · SingleFamily public records · 30 Days on market

Built 1900 0.32 ac lot $52/sqft · 39% above area Est $43k · 39% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +6.8/10.0
• Schools +6.2/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Check out this Story & 1/2 Bungalow with a Victorian twist. 2 BR's main 1 up, dining room, main floor laundry on spacious lot with storage shed in rear.

Key facts

• Large corner lot
• Storage shed
• Updated kitchen

Tags

• REMODELED HOME
• UPDATED KITCHEN
• FULLY REMODELED BATHROOM
• WALK-UP ATTIC
• LARGE CORNER LOT
• STORAGE SHED

Property features AI

Exterior

• Parking: No designated parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Frame construction with wood siding
• Exterior features: Corner lot; Lot dimensions approximately 100 x 140; Approximately 0.32 acres

Interior

• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Carpet and vinyl flooring; Basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $59k.

Deal economics

• At list price, monthly cash flow is $449 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $59k).
• Recommended offer: $58k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#708 in IA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime C-, health & safety C-, employment D+.
• Humboldt Community School District (town): math 75% / reading 72% proficiency, ranked #92 of 289 in IA (top 32%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 4 active listings in the ZIP; 13 units permitted in Humboldt County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($408 loan paydown + $2k appreciation (3.7% local appreciation)).
• Humboldt County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (3.7% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($58k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 10y ago; this cycle's ask has dropped $10k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $45k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $58,115 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — 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: 1.80% ✓
• Cap rate: 15.43%
• Cash-on-cash: 32.62%
• DSCR: 2.45
• GRM: 4.6

CMA / ARV

• ARV (median comp): $42,560
• List price: $59,000
• Delta: 38.63%
• Verdict: OVERPRICED
• Comps: 6 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
202 S Drennan St	0.11mi	3/1.0	1,234 (+10%)	21mo	$15,000	$12	61

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

Projected returns pro-forma

3.68% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 39.5%
• Equity multiple: 3.29×
• Total profit: $37,878
• Equity at exit: $28,828

10-year hold

• IRR: 38.8%
• Equity multiple: 6.58×
• Total profit: $92,169
• Equity at exit: $46,305

Cash invested: $16,520 (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 50577

• Home prices YoY: 3.5%
• Active inventory: 4
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,061 medium
• Mortgage (P&I): −$309
• Tax from tax record: −$55 /mo · $658/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$223
• Net cashflow: $449

Break-even live

Break-even rent $492

Max offer price $59,000

Occupancy floor 53%

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: $14,750
• Closing costs: $1,770
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-12
   statusdays on market $59,000 Pending 30 DOM
2. 2026-06-09
   days on market $59,000 Active 29 DOM
3. 2026-06-08
   days on market $59,000 Active 28 DOM
4. 2026-06-07
   days on market $59,000 Active 27 DOM
5. 2026-06-05
   days on market $59,000 Active 24 DOM
6. 2026-06-03
   days on market $59,000 Active 23 DOM
7. 2026-06-02
   days on market $59,000 Active 22 DOM
8. 2026-06-01
   days on market $59,000 Active 21 DOM
9. 2026-05-31
   days on market $59,000 Active 20 DOM
10. 2026-05-30
    days on market $59,000 Active 19 DOM
11. 2026-05-11
    listed $69,000 Active 390-char remark
12. 2021-07-02
    soldstatus $45,000
13. 2020-11-05
    soldstatus $19,000 158-char remark

    Show marketing remark (158 chars)

    Check out this Story & 1/2 Bungalow with a Victorian twist. 2 BR's main 1 up, dining room, main floor laundry on spacious lot with storage shed in rear.

14. 2020-05-11
    listed $26,500 158-char remark

    Show marketing remark (158 chars)

    Check out this Story & 1/2 Bungalow with a Victorian twist. 2 BR's main 1 up, dining room, main floor laundry on spacious lot with storage shed in rear.

15. 2016-05-18
    soldstatus $5,300

    Show marketing remark (302 chars)

    Great fixer upper property with 2 bdrm, 1 bath and walk up attic space for storage. BANK OF AMERICA, NA EMPLOYEES HOUSEHOLD MEMBERS AND HTS BUSINESS PARTNERS OF THE BANK ARE PROHIBITED FROM PURCHASING THIS PROPERTY. WHETHER DIRETLY OR INDIRECTLY. $1000 EMD, as-is, CASH ONLY. (DO NOT ENTER GARAGE/SHED)

16. 2016-03-18
    listed $5,300

    Show marketing remark (302 chars)

    Great fixer upper property with 2 bdrm, 1 bath and walk up attic space for storage. BANK OF AMERICA, NA EMPLOYEES HOUSEHOLD MEMBERS AND HTS BUSINESS PARTNERS OF THE BANK ARE PROHIBITED FROM PURCHASING THIS PROPERTY. WHETHER DIRETLY OR INDIRECTLY. $1000 EMD, as-is, CASH ONLY. (DO NOT ENTER GARAGE/SHED)

17. 2008-10-06
    soldstatus $18,000

ⓘ 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: $658 · $55/mo
• Projected year-2 tax: $792 · $66/mo
• Expected delta: +$134/yr (+$11/mo · 20.4%)

ⓘ 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 ≥101°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: $12,728
• − Mortgage interest: −$3,305
• − Property taxes: −$658
• − Insurance: −$295
• − Repairs & maintenance: −$1,018
• − Management: −$1,018
• − Depreciation: −$1,716
• Taxable income: $4,717
• Est. tax owed @ 24.0%: −$1,132
• After-tax cash flow: $4,257/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: Humboldt Community School District
• NCES district ID: 1914370
• Math proficiency: 75% ▼ -5.00%
• Reading proficiency: 72% ▼ -7.00%
• Median HH income: $48,318
• Composite: 62.13/100
• National rank: #707
• State rank: #92 of 289 in IA

Livability — Renwick

• Score: 62/100
• State rank: #708
• US rank: #16412

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Renwick, IA
• Population (ZIP): 361

Population outlook (Humboldt County) Hauer SSP2

• Today (2025): 9,265 people
• By 2030: 9,141 · -1.3%
• By 2040: 8,904 · -3.9%
• By 2050: 8,448 · -8.8%
• By 2075: 7,742 · -16.4%
• By 2100: 6,414 · -30.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 13% Two or more races 12% Native American 4%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Portuguese 9% Italian 6% Iranian 2%
• Foreign-born: 10% · Canada
• Languages at home: 87% English-only · Spanish 11% German/W. Germanic 2%

Political lean MEDSL · Humboldt

• 2024 margin: Solid R (+50.0) · D 24.4% · R 74.4% · Other 1.2%
• 2008→2024 swing: -35.7pp toward R · 2008: -14.3pp · 2024: -50.0pp
• All cycles: 2024: R+50.0 2020: R+44.6 2016: R+46.0 2012: R+22.1 2008: R+14.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.68%
• Current HPI: 108.5275
• 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

+227.8% since first listed

9 events — show timeline

• 2026-06-10 Pending — IAR
• 2026-05-28 Price Changed $59,000 IAR
• 2026-05-11 Listed $69,000 IAR
• 2021-07-02 Sold (Public Records) $45,000 Public Records
• 2020-11-05 Sold (MLS) $19,000 IAR
• 2020-05-11 Listed $26,500 IAR
• 2016-05-18 Sold (MLS) $5,300 IAR
• 2016-03-18 Listed $5,300 IAR
• 2008-10-06 Sold (Public Records) $18,000 Public Records

Property tax history

+4.1%/yr

Latest (2025): $658 · +1.5% YoY. Source: county tax records.