907 Dodge St · Bedford, IA 50833

$159,900

4 bd · 1.0 ba · 2,168 sqft · SingleFamily public records · 74 Days on market

Built 1896 0.30 ac lot $74/sqft · 6% above area Est $182k · 12% under ↓ 6% 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).

• ARV discount +12.9/15.0
• Cash flow +11.8/30.0
• Appreciation +10.0/10.0
• Schools +7.0/10.0
• Livability +4.1/5.0
• DSCR +3.5/10.0
• 1% rule +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This stately four-bedroom, two-bathroom home offers a rare combination of historic charm and modern convenience, all set on a generous corner lot. Inside, you'll find original hardwood floors that flow throughout the home, complemented by preserved woodwork and stunning stained glass windows that showcase the craftsmanship of a previous era. A unique second maid's stairway adds architectural character that sets this property apart. Thoughtful updates bring everyday comfort to the forefront. A brand-new central air and furnace system ensures year-round climate control, while all appliances are included in the sale, right down to the washer and dryer. Move-in ready has never felt so effortless. The exterior offers just as much to appreciate. A spacious two-car detached garage handles parking and storage needs with ease, and the large corner lot provides plenty of space for outdoor activities, gardening, or gathering with friends and family. Bibbins Park is within easy walking distance, and Bedford Community School is conveniently located nearby, making this an ideal setting. Homes with this level of character and thoughtful updates are hard to come by. Give us a call today to schedule your private showing before this opportunity slips away! Price Reduced!

Key facts

• Preserved woodwork
• 0.3 acre lot
• 2 garage spots

Tags

• ORIGINAL HARDWOOD FLOORS
• PRESERVED WOODWORK
• STAINED GLASS WINDOWS
• SECOND MAID'S STAIRWAY
• CENTRAL AIR AND FURNACE SYSTEM
• ALL APPLIANCES INCLUDED

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $-44 ($-524/yr) — negative.
• To cash-flow at today's rent, offer at most $152k (4.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $124k (22.1% below list).
• Recommended offer: $124k (22.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 82/100 on livability (#50 in IA, #1,245 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, cost of living A+; Watch: amenities F, commute 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: 33 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 $17k of equity ($1k loan paydown + $16k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $45k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 74 days — a 6% lower offer ($150k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1896 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $124,496 (22.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 74 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. Built in 1896 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 0.78% ✗
• Cap rate: 5.97%
• Cash-on-cash: -1.17%
• DSCR: 0.95
• GRM: 10.7

CMA / ARV

• ARV (median comp): $181,872
• List price: $159,900
• Delta: -12.08%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
903 State St	0.09mi	4/2.0	2,181 (+1%)	10mo	$46,000	$21	82
207 North St	0.04mi	4/2.0	2,341 (+8%)	7mo	$205,000	$88	75
705 Jefferson St	0.35mi	5/2.0 (+1)	2,293 (+6%)	19mo	$239,900	$105	49
608 Tinder St	0.60mi	5/2.0 (+1)	1,866 (-14%)	23mo	$175,000	$94	20

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.4%
• Equity multiple: 2.88×
• Total profit: $84,277
• Equity at exit: $144,051

10-year hold

• IRR: 20.9%
• Equity multiple: 6.59×
• Total profit: $250,311
• Equity at exit: $310,651

Cash invested: $44,772 (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 50833

• Home prices YoY: 12.5%
• Active inventory: 33
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $1,245 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$122 /mo · $1,464/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $-44

Break-even live

Break-even rent $1,300

Max offer price $152,191

Occupancy floor 99%

Sensitivity live

Price	-10% $47	-5% $2	+0% $-44	+5% $-89	+10% $-134
Rent	-10% $-142	-5% $-93	+0% $-44	+5% $6	+10% $55
Rate	-1.0pp $37	-0.5pp $-3	base $-44	+0.5pp $-85	+1.0pp $-127

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-21
   days on market $159,900 Active 74 DOM
2. 2026-06-18
   days on market $159,900 Active 72 DOM
3. 2026-06-17
   days on market $159,900 Active 71 DOM
4. 2026-06-16
   days on market $159,900 Active 70 DOM
5. 2026-06-16
   price $159,900 Active 69 DOM
6. 2026-06-15
   days on market $169,900 Active 69 DOM
7. 2026-06-13
   days on market $169,900 Active 67 DOM
8. 2026-06-12
   days on market $169,900 Active 66 DOM
9. 2026-06-09
   days on market $169,900 Active 63 DOM
10. 2026-06-08
    days on market $169,900 Active 62 DOM
11. 2026-06-07
    days on market $169,900 Active 61 DOM
12. 2026-06-05
    days on market $169,900 Active 59 DOM
13. 2026-06-04
    days on market $169,900 Active 57 DOM
14. 2026-06-02
    days on market $169,900 Active 56 DOM
15. 2026-06-01
    days on market $169,900 Active 55 DOM
16. 2026-05-31
    days on market $169,900 Active 54 DOM
17. 2026-05-31
    days on market $169,900 Active 53 DOM
18. 2026-04-24
    price $169,900 1273-char remark

    Show marketing remark (1273 chars)

    This stately four-bedroom, two-bathroom home offers a rare combination of historic charm and modern convenience, all set on a generous corner lot. Inside, you'll find original hardwood floors that flow throughout the home, complemented by preserved woodwork and stunning stained glass windows that showcase the craftsmanship of a previous era. A unique second maid's stairway adds architectural character that sets this property apart. Thoughtful updates bring everyday comfort to the forefront. A brand-new central air and furnace system ensures year-round climate control, while all appliances are included in the sale, right down to the washer and dryer. Move-in ready has never felt so effortless. The exterior offers just as much to appreciate. A spacious two-car detached garage handles parking and storage needs with ease, and the large corner lot provides plenty of space for outdoor activities, gardening, or gathering with friends and family. Bibbins Park is within easy walking distance, and Bedford Community School is conveniently located nearby, making this an ideal setting. Homes with this level of character and thoughtful updates are hard to come by. Give us a call today to schedule your private showing before this opportunity slips away! Price Reduced!

19. 2026-04-08
    listed $179,900 Active 1273-char remark

    Show marketing remark (1273 chars)

    This stately four-bedroom, two-bathroom home offers a rare combination of historic charm and modern convenience, all set on a generous corner lot. Inside, you'll find original hardwood floors that flow throughout the home, complemented by preserved woodwork and stunning stained glass windows that showcase the craftsmanship of a previous era. A unique second maid's stairway adds architectural character that sets this property apart. Thoughtful updates bring everyday comfort to the forefront. A brand-new central air and furnace system ensures year-round climate control, while all appliances are included in the sale, right down to the washer and dryer. Move-in ready has never felt so effortless. The exterior offers just as much to appreciate. A spacious two-car detached garage handles parking and storage needs with ease, and the large corner lot provides plenty of space for outdoor activities, gardening, or gathering with friends and family. Bibbins Park is within easy walking distance, and Bedford Community School is conveniently located nearby, making this an ideal setting. Homes with this level of character and thoughtful updates are hard to come by. Give us a call today to schedule your private showing before this opportunity slips away! Price Reduced!

ⓘ 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: $1,464 · $122/mo
• Projected year-2 tax: $1,987 · $166/mo
• Expected delta: +$523/yr (+$44/mo · 35.7%)

ⓘ 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 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥105°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: $14,940
• − Mortgage interest: −$8,957
• − Property taxes: −$1,464
• − Insurance: −$800
• − Repairs & maintenance: −$1,195
• − Management: −$1,195
• − Depreciation: −$4,652
• Taxable loss: −$3,323
• Est. tax savings @ 24.0%: +$797
• After-tax cash flow: $274/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 — Bedford

• Score: 82/100
• State rank: #50
• US rank: #1245

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bedford, IA
• Population (ZIP): 2,085

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% Hispanic / Latino 2% Two or more races 2%
• Common ancestry: Slovak 2% Iranian 1% Italian 1%
• Foreign-born: 1% · Canada
• Languages at home: 99% 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: ▲ 15.13%
• Current HPI: 136.32
• 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

-5.6% since first listed

2 events — show timeline

• 2026-04-24 Price Changed $169,900 IAR
• 2026-04-08 Listed $179,900 IAR

Property tax history

+5.7%/yr

Latest (2025): $1,464 · +1.5% YoY. Source: county tax records.