908 Dodge St · Bedford, IA 50833

$147,000

3 bd · 2.0 ba · 2,209 sqft · SingleFamily public records · 58 Days on market

Built 1900 0.35 ac lot $67/sqft · 19% above area Est $124k · 19% over

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Why this score? — see what drove the D 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 +10.9/30.0
• Appreciation +10.0/10.0
• Schools +7.0/10.0
• Livability +4.1/5.0
• DSCR +3.2/10.0
• 1% rule +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Don't miss this charming 3+ bedroom, 2 bath home on an oversized corner lot that's a gardener's paradise! Large kitchen with custom oak cabinetry, opens to a family room with fireplace and bay window. First floor features one bedroom with walk-in closet, full bath, laundry, built-in office area, formal living room and dining room, GORGEOUS woodwork, staircase, front door, and pocket door! Two large bedrooms upstairs with a big bath and great closet/storage spaces. Newer roof, oversized 2 car garage and "she" shed, both with concrete floors, Back deck with 2 year old hot tub! Call today for more details or to take a look! * * Status Update: Sale Pending * *

Key facts

• 0.35 acre lot
• 2 garage spots
• Built 1900

Property features AI

Exterior

• Parking: Detached garage with garage door opener and storage; Gravel parking; 2 garage spaces
• Utilities: Public water; Public sewer; Electric with circuit breakers
• Home design: Single family residence; Two levels; One common wall
• Construction: Block and vinyl siding construction; Metal roof
• Exterior features: Corner lot; Publicly maintained city street frontage; Storage structure on property

Interior

• Kitchen: Range; Microwave; Exhaust fan; Dishwasher; Refrigerator; Garbage disposal; Water purifier
• Flooring: Carpet; Hardwood; Tile
• Bathrooms: Two full bathrooms
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Basement present; One gas fireplace in family room
• Laundry & utility: Washer; Dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $147k.

Deal economics

• At list price, monthly cash flow is $-65 ($-779/yr) — negative.
• To cash-flow at today's rent, offer at most $136k (7.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $117k (20.6% below list).
• Recommended offer: $117k (20.6% 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 $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $41k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($143k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y 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 $110k; 34% 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 $116,673 (20.6% 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 58 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.79% ✗
• Cap rate: 5.76%
• Cash-on-cash: -1.89%
• DSCR: 0.92
• GRM: 10.5

CMA / ARV

• ARV (median comp): $124,032
• List price: $147,000
• Delta: 18.52%
• Verdict: OVERPRICED
• Comps: 20 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	0.13mi	4/2.0 (+1)	2,181 (-1%)	10mo	$46,000	$21	79
207 North St	0.06mi	4/2.0 (+1)	2,341 (+6%)	7mo	$205,000	$88	76
203 Orchard St	0.74mi	4/3.0 (+1)	2,347 (+6%)	9mo	$230,000	$98	39
502 Randolph St	0.73mi	4/1.5 (+1)	2,370 (+7%)	22mo	$170,000	$72	28

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: 22.9%
• Equity multiple: 2.84×
• Total profit: $75,925
• Equity at exit: $132,429

10-year hold

• IRR: 20.5%
• Equity multiple: 6.51×
• Total profit: $226,838
• Equity at exit: $285,589

Cash invested: $41,160 (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: 10.5×

Monthly cashflow live

• Estimated rent: $1,167 medium
• Mortgage (P&I): −$771
• Tax from tax record: −$154 /mo · $1,854/yr
• Insurance: −$61
• HOA: −$0
• Vacancy / Maint / Mgmt: −$245
• Net cashflow: $-65

Break-even live

Break-even rent $1,249

Max offer price $135,532

Occupancy floor —

Sensitivity live

Price	-10% $18	-5% $-23	+0% $-65	+5% $-107	+10% $-148
Rent	-10% $-157	-5% $-111	+0% $-65	+5% $-19	+10% $27
Rate	-1.0pp $9	-0.5pp $-28	base $-65	+0.5pp $-103	+1.0pp $-142

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: $36,750
• Closing costs: $4,410
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-21
   days on market $147,000 Active 58 DOM
2. 2026-06-21
   days on market $147,000 Active 57 DOM
3. 2026-06-18
   days on market $147,000 Active 55 DOM
4. 2026-06-17
   days on market $147,000 Active 54 DOM
5. 2026-06-16
   days on market $147,000 Active 53 DOM
6. 2026-06-15
   days on market $147,000 Active 52 DOM
7. 2026-06-13
   days on market $147,000 Active 50 DOM
8. 2026-06-12
   days on market $147,000 Active 49 DOM
9. 2026-06-09
   days on market $147,000 Active 46 DOM
10. 2026-06-08
    days on market $147,000 Active 45 DOM
11. 2026-06-07
    days on market $147,000 Active 44 DOM
12. 2026-06-05
    days on market $147,000 Active 42 DOM
13. 2026-06-04
    days on market $147,000 Active 40 DOM
14. 2026-06-02
    days on market $147,000 Active 39 DOM
15. 2026-06-01
    days on market $147,000 Active 38 DOM
16. 2026-05-31
    days on market $147,000 Active 37 DOM
17. 2026-05-31
    days on market $147,000 Active 36 DOM
18. 2026-04-24
    listed $147,000 Active 1062-char remark
19. 2021-06-16
    soldstatus $110,000
20. 2020-10-22
    soldstatus $99,500
21. 2020-09-25
    soldstatus $99,000 677-char remark

    Show marketing remark (677 chars)

    Don't miss this charming 3+ bedroom, 2 bath home on an oversized corner lot that's a gardener's paradise! Large kitchen with custom oak cabinetry, opens to a family room with fireplace and bay window. First floor features one bedroom with walk-in closet, full bath, laundry, built-in office area, formal living room and dining room, GORGEOUS woodwork, staircase, front door, and pocket door! Two large bedrooms upstairs with a big bath and great closet/storage spaces. Newer roof, oversized 2 car garage and "she" shed, both with concrete floors, Back deck with 2 year old hot tub! Call today for more details or to take a look! * * Status Update: Sale Pending * *

22. 2020-08-08
    listed $99,500 677-char remark

    Show marketing remark (677 chars)

    Don't miss this charming 3+ bedroom, 2 bath home on an oversized corner lot that's a gardener's paradise! Large kitchen with custom oak cabinetry, opens to a family room with fireplace and bay window. First floor features one bedroom with walk-in closet, full bath, laundry, built-in office area, formal living room and dining room, GORGEOUS woodwork, staircase, front door, and pocket door! Two large bedrooms upstairs with a big bath and great closet/storage spaces. Newer roof, oversized 2 car garage and "she" shed, both with concrete floors, Back deck with 2 year old hot tub! Call today for more details or to take a look! * * Status Update: Sale Pending * *

ⓘ 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: $1,854 · $154/mo
• Projected year-2 tax: $2,081 · $173/mo
• Expected delta: +$227/yr (+$19/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 (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: $14,001
• − Mortgage interest: −$8,234
• − Property taxes: −$1,854
• − Insurance: −$735
• − Repairs & maintenance: −$1,120
• − Management: −$1,120
• − Depreciation: −$4,276
• Taxable loss: −$3,339
• Est. tax savings @ 24.0%: +$801
• After-tax cash flow: $22/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

+47.7% since first listed

5 events — show timeline

• 2026-04-24 Listed $147,000 IAR
• 2021-06-16 Sold (Public Records) $110,000 Public Records
• 2020-10-22 Sold (Public Records) $99,500 Public Records
• 2020-09-25 Sold (MLS) $99,000 IAR
• 2020-08-08 Listed $99,500 IAR

Property tax history

+5.3%/yr

Latest (2024): $1,854 · +21.0% YoY. Source: county tax records.