713 N Monroe St · Monroe, IA 50170

$158,900

2 bd · 1.0 ba · 1,288 sqft · SingleFamily public records · 183 Days on market

Built 1900 7,860 sqft lot $123/sqft · 16% below area Est $189k · 16% under

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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 +14.7/15.0
• Appreciation +9.6/10.0
• Cash flow +7.9/30.0
• Schools +6.0/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.0/10.0
• 1% rule +1.6/10.0

Listing remarks MLS

Updated 3 bedroom, 1 bathroom home in the heart of Monroe! Whether you're starting out, starting over, or simply looking for something move-in ready, this property has been thoughtfully improved to offer peace of mind and lasting comfort! Nearly every inch has been refreshed, from the stone coated steel roof and energy efficient windows to the fully fenced backyard that provides a perfect space to relax or gather with loved ones. Inside, you’ll find bright, clean finishes including updated flooring, kitchen, and bathroom with modern touches throughout. This is a multi-parcel sale offering an EXTRA 0.38 (approx) acres of total space. You have room to spread out, garden, play, or simply enjoy the added space and flexibility this extra land provides. This is more than a house. It is a solid start, a fresh chapter, and a place to call your own! Reach out for a showing!

Key facts

• Updated flooring
• Updated kitchen
• Updated bathroom

Tags

• STONE COATED STEEL ROOF
• ENERGY EFFICIENT WINDOWS
• FULLY FENCED BACKYARD
• UPDATED FLOORING
• UPDATED KITCHEN
• UPDATED BATHROOM

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $-171 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $129k (19.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $106k (33.5% below list).
• Recommended offer: $106k (33.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 79/100 on livability (#118 in IA, #2,215 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Pcm Community School District (rural): math 65% / reading 75% proficiency, ranked #124 of 289 in IA (top 43%) — strong family-tenant draw, lease renewals of 3-5y typical; only 18% free/reduced lunch — higher-income household profile.
• Zoned schools: Prairie City Elementary School (math 72% / reading 77%, grade A, #131 of 616 statewide, top 27%, 320 students, 25% FRL); Pcm Middle School (math 65% / reading 72%, grade A, #126 of 246 statewide, top 53%, 247 students, 29% FRL); Pcm High School (math 64% / reading 83%, grade B+, #108 of 336 statewide, top 33%, 357 students, 21% FRL).
• Market conditions: 36 active listings in the ZIP; 16 units permitted in Jasper County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k appreciation (9.3% local appreciation)).
• Jasper County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• 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 183 days — a 12% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago; this cycle's ask has dropped $26k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $51k; list at $159k implies a 212% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $105,632 (33.5% 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 183 days. Have you received any prior offers? Is the seller open to a 34% 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. 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: 0.66% ✗
• Cap rate: 5.01%
• Cash-on-cash: -4.60%
• DSCR: 0.80
• GRM: 12.5

CMA / ARV

• ARV (median comp): $189,120
• List price: $158,900
• Delta: -15.98%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
411 N Commerce St	0.19mi	3/1.0 (+1)	1,215 (-6%)	11mo	$158,000	$130	67
307 E Lincoln St	0.19mi	3/1.0 (+1)	1,104 (-14%)	5mo	$155,000	$140	58
410 N Virginia St	0.22mi	3/2.0 (+1)	1,470 (+14%)	2mo	$200,000	$136	55
313 E Marion St	0.43mi	3/2.0 (+1)	1,200 (-7%)	13mo	$297,500	$248	49
606 W South St	0.69mi	2/2.0	1,144 (-11%)	15mo	$245,000	$214	32

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

Projected returns pro-forma

9.3% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 19.5%
• Equity multiple: 2.53×
• Total profit: $68,056
• Equity at exit: $135,082

10-year hold

• IRR: 18.0%
• Equity multiple: 5.66×
• Total profit: $207,163
• Equity at exit: $283,130

Cash invested: $44,492 (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 50170

• Home prices YoY: 3.6%
• Active inventory: 36
• Price-to-rent: 12.5×

Monthly cashflow live

• Estimated rent: $1,056 medium
• Mortgage (P&I): −$833
• Tax from tax record: −$106 /mo · $1,266/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$222
• Net cashflow: $-171

Break-even live

Break-even rent $1,272

Max offer price $128,780

Occupancy floor —

Sensitivity live

Price	-10% $-81	-5% $-126	+0% $-171	+5% $-215	+10% $-260
Rent	-10% $-254	-5% $-212	+0% $-171	+5% $-129	+10% $-87
Rate	-1.0pp $-90	-0.5pp $-130	base $-171	+0.5pp $-212	+1.0pp $-254

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: $39,725
• Closing costs: $4,767
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-05-07
   status Active 894-char remark

   Show marketing remark (894 chars)

   Updated 3 bedroom, 1 bathroom home in the heart of Monroe! Whether you're starting out, starting over, or simply looking for something move-in ready, this property has been thoughtfully improved to offer peace of mind and lasting comfort! Nearly every inch has been refreshed, from the stone coated steel roof and energy efficient windows to the fully fenced backyard that provides a perfect space to relax or gather with loved ones. Inside, you’ll find bright, clean finishes including updated flooring, kitchen, and bathroom with modern touches throughout. This is a multi-parcel sale offering an EXTRA 0.38 (approx) acres of total space. You have room to spread out, garden, play, or simply enjoy the added space and flexibility this extra land provides. This is more than a house. It is a solid start, a fresh chapter, and a place to call your own! Reach out for a showing!

2. 2026-04-23
   status Pending 894-char remark

   Show marketing remark (894 chars)

   Updated 3 bedroom, 1 bathroom home in the heart of Monroe! Whether you're starting out, starting over, or simply looking for something move-in ready, this property has been thoughtfully improved to offer peace of mind and lasting comfort! Nearly every inch has been refreshed, from the stone coated steel roof and energy efficient windows to the fully fenced backyard that provides a perfect space to relax or gather with loved ones. Inside, you’ll find bright, clean finishes including updated flooring, kitchen, and bathroom with modern touches throughout. This is a multi-parcel sale offering an EXTRA 0.38 (approx) acres of total space. You have room to spread out, garden, play, or simply enjoy the added space and flexibility this extra land provides. This is more than a house. It is a solid start, a fresh chapter, and a place to call your own! Reach out for a showing!

3. 2026-04-15
   price $158,900 894-char remark

   Show marketing remark (894 chars)

   Updated 3 bedroom, 1 bathroom home in the heart of Monroe! Whether you're starting out, starting over, or simply looking for something move-in ready, this property has been thoughtfully improved to offer peace of mind and lasting comfort! Nearly every inch has been refreshed, from the stone coated steel roof and energy efficient windows to the fully fenced backyard that provides a perfect space to relax or gather with loved ones. Inside, you’ll find bright, clean finishes including updated flooring, kitchen, and bathroom with modern touches throughout. This is a multi-parcel sale offering an EXTRA 0.38 (approx) acres of total space. You have room to spread out, garden, play, or simply enjoy the added space and flexibility this extra land provides. This is more than a house. It is a solid start, a fresh chapter, and a place to call your own! Reach out for a showing!

4. 2026-03-24
   price $161,900 894-char remark

   Show marketing remark (894 chars)

   Updated 3 bedroom, 1 bathroom home in the heart of Monroe! Whether you're starting out, starting over, or simply looking for something move-in ready, this property has been thoughtfully improved to offer peace of mind and lasting comfort! Nearly every inch has been refreshed, from the stone coated steel roof and energy efficient windows to the fully fenced backyard that provides a perfect space to relax or gather with loved ones. Inside, you’ll find bright, clean finishes including updated flooring, kitchen, and bathroom with modern touches throughout. This is a multi-parcel sale offering an EXTRA 0.38 (approx) acres of total space. You have room to spread out, garden, play, or simply enjoy the added space and flexibility this extra land provides. This is more than a house. It is a solid start, a fresh chapter, and a place to call your own! Reach out for a showing!

5. 2026-01-19
   price $171,900 894-char remark

   Show marketing remark (894 chars)

   Updated 3 bedroom, 1 bathroom home in the heart of Monroe! Whether you're starting out, starting over, or simply looking for something move-in ready, this property has been thoughtfully improved to offer peace of mind and lasting comfort! Nearly every inch has been refreshed, from the stone coated steel roof and energy efficient windows to the fully fenced backyard that provides a perfect space to relax or gather with loved ones. Inside, you’ll find bright, clean finishes including updated flooring, kitchen, and bathroom with modern touches throughout. This is a multi-parcel sale offering an EXTRA 0.38 (approx) acres of total space. You have room to spread out, garden, play, or simply enjoy the added space and flexibility this extra land provides. This is more than a house. It is a solid start, a fresh chapter, and a place to call your own! Reach out for a showing!

6. 2025-11-10
   listed $185,000 Active 894-char remark

   Show marketing remark (894 chars)

   Updated 3 bedroom, 1 bathroom home in the heart of Monroe! Whether you're starting out, starting over, or simply looking for something move-in ready, this property has been thoughtfully improved to offer peace of mind and lasting comfort! Nearly every inch has been refreshed, from the stone coated steel roof and energy efficient windows to the fully fenced backyard that provides a perfect space to relax or gather with loved ones. Inside, you’ll find bright, clean finishes including updated flooring, kitchen, and bathroom with modern touches throughout. This is a multi-parcel sale offering an EXTRA 0.38 (approx) acres of total space. You have room to spread out, garden, play, or simply enjoy the added space and flexibility this extra land provides. This is more than a house. It is a solid start, a fresh chapter, and a place to call your own! Reach out for a showing!

7. 2020-11-06
   soldstatus $51,000
8. 2020-11-05
   soldstatus $51,000 Closed 206-char remark

   Show marketing remark (206 chars)

   Great starter house or investment property located downtown Monroe. Advantage of a small town with short 30 minute commute to Des Moines. Seller has added the parcel behind the house 18-303-001, 120 X 138.

9. 2020-10-12
   status Pending 206-char remark

   Show marketing remark (206 chars)

   Great starter house or investment property located downtown Monroe. Advantage of a small town with short 30 minute commute to Des Moines. Seller has added the parcel behind the house 18-303-001, 120 X 138.

10. 2020-09-23
    price $58,000 206-char remark

    Show marketing remark (206 chars)

    Great starter house or investment property located downtown Monroe. Advantage of a small town with short 30 minute commute to Des Moines. Seller has added the parcel behind the house 18-303-001, 120 X 138.

11. 2020-07-20
    price $63,000 206-char remark

    Show marketing remark (206 chars)

    Great starter house or investment property located downtown Monroe. Advantage of a small town with short 30 minute commute to Des Moines. Seller has added the parcel behind the house 18-303-001, 120 X 138.

12. 2020-07-02
    price $65,000 206-char remark

    Show marketing remark (206 chars)

    Great starter house or investment property located downtown Monroe. Advantage of a small town with short 30 minute commute to Des Moines. Seller has added the parcel behind the house 18-303-001, 120 X 138.

13. 2020-06-24
    listed $56,000 Active 206-char remark

    Show marketing remark (206 chars)

    Great starter house or investment property located downtown Monroe. Advantage of a small town with short 30 minute commute to Des Moines. Seller has added the parcel behind the house 18-303-001, 120 X 138.

ⓘ 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: $1,266 · $106/mo
• Projected year-2 tax: $1,880 · $157/mo
• Expected delta: +$614/yr (+$51/mo · 48.5%)

ⓘ 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 3/10 Moderate
• 🌡 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: $12,676
• − Mortgage interest: −$8,901
• − Property taxes: −$1,266
• − Insurance: −$794
• − Repairs & maintenance: −$1,014
• − Management: −$1,014
• − Depreciation: −$4,623
• Taxable loss: −$4,936
• Est. tax savings @ 24.0%: +$1,185
• After-tax cash flow: $-861/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: Pcm Community School District
• NCES district ID: 1999017
• Math proficiency: 65% ▼ -6.00%
• Reading proficiency: 75% ▲ 2.00%
• Median HH income: $60,380
• Composite: 60.32/100
• National rank: #851
• State rank: #124 of 289 in IA

Livability — Monroe

• Score: 79/100
• State rank: #118
• US rank: #2215

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: Monroe, IA
• Population (ZIP): 2,914

Population outlook (Jasper County) Hauer SSP2

• Today (2025): 36,216 people
• By 2030: 35,730 · -1.3%
• By 2040: 34,727 · -4.1%
• By 2050: 33,802 · -6.7%
• By 2075: 33,382 · -7.8%
• By 2100: 32,761 · -9.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 1% Asian 1%
• Common ancestry: Iranian 12% Italian 6% Romanian 3%
• Foreign-born: 1%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Jasper

• 2024 margin: Strong R (+27.6) · D 35.4% · R 63.0% · Other 1.5%
• 2008→2024 swing: -35.1pp toward R · 2008: 7.5pp · 2024: -27.6pp
• All cycles: 2024: R+27.6 2020: R+21.5 2016: R+18.4 2012: D+7.1 2008: D+7.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 9.30%
• Current HPI: 266.6155
• 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

+183.8% since first listed

13 events — show timeline

• 2026-05-07 Relisted — DMMLS
• 2026-04-23 Pending — DMMLS
• 2026-04-15 Price Changed $158,900 DMMLS
• 2026-03-24 Price Changed $161,900 DMMLS
• 2026-01-19 Price Changed $171,900 DMMLS
• 2025-11-10 Listed $185,000 DMMLS
• 2020-11-06 Sold (Public Records) $51,000 Public Records
• 2020-11-05 Sold (MLS) $51,000 DMMLS
• 2020-10-12 Pending — DMMLS
• 2020-09-23 Price Changed $58,000 DMMLS
• 2020-07-20 Price Changed $63,000 DMMLS
• 2020-07-02 Price Changed $65,000 DMMLS
• 2020-06-24 Listed $56,000 DMMLS

Property tax history

+3.6%/yr

Latest (2025): $1,266 · +0.0% YoY. Source: county tax records.