100 N Main St · Albion, IA 50005

$79,900

3 bd · 1.0 ba · 1,402 sqft · SingleFamily public records · 6 Days on market

Built 1935 0.37 ac lot $57/sqft · 36% below area Est $125k · 36% under

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Why this score? — see what drove the A- 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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• Appreciation +5.5/10.0
• Schools +4.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Home and business space on Main St. Albion. Charming home with many possibilities for home and business use. Large, 1,120 Ft. 2 bay mechanics garage with grease pit and ample upper storage for the mechanic and a additional garage. Large lot with mature trees, perennial flowers and vegetable garden, creating a private sanctuary for relaxing or play. All appliances included. The perfect spot to have a home/ business or investment property. Property sold AS IS.

Key facts

• 0.37 acre lot
• 4 garage spots
• Built 1935

Property features AI

Exterior

• Parking: Detached 4-car garage
• Utilities: Public water; Public sewer
• Home design: Single family residence; One and one half stories
• Construction: Frame and other construction materials; Foundation area approximately 1,242
• Exterior features: Metal roof; Lot zoned Residential-Single Family; Lot size about 0.37 acres

Interior

• Bathrooms: 1 full bathroom
• Interior features: Central air conditioning; Forced air heating

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $380 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).

Location & tenants

• Location reads 65/100 on livability (#582 in IA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Marshalltown Community School District (town): math 50% / reading 52% proficiency, ranked #278 of 289 in IA (top 96%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 8 active listings in the ZIP; 35 units permitted in Marshall County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($552 loan paydown + $733 appreciation (0.9% local appreciation)).
• Marshall County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (0.9% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 10y 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 $68k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $79,900

Questions for the listing agent

1. Built in 1935 — 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: 1.45% ✓
• Cap rate: 12.01%
• Cash-on-cash: 20.41%
• DSCR: 1.91
• GRM: 5.7

CMA / ARV

• ARV (median comp): $125,457
• List price: $79,900
• Delta: -36.31%
• Verdict: UNDERPRICED
• Comps: 11 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
100 N Main St	0.00mi	3/1.0	1,402 (0%)	0mo	$67,500	$48	100
104 W Marshall St	0.09mi	3/2.0	1,440 (+3%)	8mo	$173,000	$120	80
105 S Dubuque St	0.10mi	3/1.5	1,288 (-8%)	3mo	$159,000	$123	77
201 E Brown St	0.08mi	3/2.0	1,580 (+13%)	7mo	$152,500	$97	66

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

Projected returns pro-forma

0.92% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.3%
• Equity multiple: 2.14×
• Total profit: $25,413
• Equity at exit: $26,934

10-year hold

• IRR: 25.4%
• Equity multiple: 4.04×
• Total profit: $67,973
• Equity at exit: $35,530

Cash invested: $22,372 (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 50005

• Home prices YoY: 0.9%
• Active inventory: 8
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,160 medium
• Mortgage (P&I): −$419
• Tax from tax record: −$84 /mo · $1,008/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $380

Break-even live

Break-even rent $679

Max offer price $79,900

Occupancy floor 62%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-04
   status Pending 365-char remark
2. 2026-04-28
   listed $79,900 Active
3. 2026-04-28
   listed $79,900 Active 365-char remark
4. 2017-08-16
   soldstatus $49,000
5. 2017-08-15
   soldstatus $49,000

   Show marketing remark (462 chars)

   Home and business space on Main St. Albion. Charming home with many possibilities for home and business use. Large, 1,120 Ft. 2 bay mechanics garage with grease pit and ample upper storage for the mechanic and a additional garage. Large lot with mature trees, perennial flowers and vegetable garden, creating a private sanctuary for relaxing or play. All appliances included. The perfect spot to have a home/ business or investment property. Property sold AS IS.

6. 2016-11-17
   listed $49,000

   Show marketing remark (462 chars)

   Home and business space on Main St. Albion. Charming home with many possibilities for home and business use. Large, 1,120 Ft. 2 bay mechanics garage with grease pit and ample upper storage for the mechanic and a additional garage. Large lot with mature trees, perennial flowers and vegetable garden, creating a private sanctuary for relaxing or play. All appliances included. The perfect spot to have a home/ business or investment property. Property sold AS IS.

ⓘ 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: $1,008 · $84/mo
• Projected year-2 tax: $1,131 · $94/mo
• Expected delta: +$123/yr (+$10/mo · 12.2%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 3/10 Moderate
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,926
• − Mortgage interest: −$4,476
• − Property taxes: −$1,008
• − Insurance: −$400
• − Repairs & maintenance: −$1,114
• − Management: −$1,114
• − Depreciation: −$2,324
• Taxable income: $3,490
• Est. tax owed @ 24.0%: −$838
• After-tax cash flow: $3,728/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: Marshalltown Community School District
• NCES district ID: 1918720
• Math proficiency: 50% ▼ -8.00%
• Reading proficiency: 52% ▬ 0.00%
• Median HH income: $47,877
• Composite: 43.41/100
• National rank: #3015
• State rank: #278 of 289 in IA

Livability — Albion

• Score: 65/100
• State rank: #582
• US rank: #13234

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Albion, IA
• Population (ZIP): 830

Population outlook (Marshall County) Hauer SSP2

• Today (2025): 41,166 people
• By 2030: 41,477 · +0.8%
• By 2040: 42,548 · +3.4%
• By 2050: 44,472 · +8.0%
• By 2075: 52,719 · +28.1%
• By 2100: 60,912 · +48.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Asian 26% Hispanic / Latino 3% Native American 2% Two or more races 2%
• Common ancestry: Portuguese 6% Lithuanian 2% Iranian 1%
• Foreign-born: 23% · Vietnam, Canada
• Languages at home: 75% English-only · Vietnamese 24% Spanish 2%

Political lean MEDSL · Marshall

• 2024 margin: R (+15.6) · D 41.4% · R 57.0% · Other 1.6%
• 2008→2024 swing: -24.9pp toward R · 2008: 9.3pp · 2024: -15.6pp
• All cycles: 2024: R+15.6 2020: R+7.7 2016: R+8.5 2012: D+8.9 2008: D+9.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.92%
• Current HPI: 106.3038
• 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

+37.8% since first listed

8 events — show timeline

• 2026-06-08 Sold (Public Records) $67,500 Public Records
• 2026-06-05 Sold (MLS) $67,500 IAR
• 2026-05-04 Pending — IAR
• 2026-04-28 Listed $79,900 IAR
• 2026-04-28 Listed $79,900 DMMLS
• 2017-08-16 Sold (Public Records) $49,000 Public Records
• 2017-08-15 Sold (MLS) $49,000 IAR
• 2016-11-17 Listed $49,000 IAR

Property tax history

+3.8%/yr

Latest (2025): $1,008 · +10.5% YoY. Source: county tax records.