214 N 1st St · Ogden, IA 50212

$140,000

3 bd · 1.0 ba · 1,683 sqft · SingleFamily public records

Built 1898 Est $224k · 37% 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 +15.0/15.0
• Cash flow +12.1/30.0
• Appreciation +10.0/10.0
• Schools +6.5/10.0
• Livability +4.0/5.0
• 1% rule +3.7/10.0
• DSCR +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Key facts

• Garage
• Built 1898

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $-31 ($-368/yr) — negative.
• To cash-flow at today's rent, offer at most $135k (3.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $122k (12.5% below list).
• Recommended offer: $122k (12.5% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 2.8% in Ogden — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#70 in IA, #1,530 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, cost of living A+; Watch: employment D, amenities F, commute F.
• Ogden Community School District (rural): math 74% / reading 77% proficiency, ranked #61 of 289 in IA (top 21%) — strong family-tenant draw, lease renewals of 3-5y typical; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: 31 active listings in the ZIP; 80 units permitted in Boone County in 2024 (16 in 5+ unit buildings).

Forward outlook

• In year one you build about $15k of equity ($968 loan paydown + $14k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 0 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1898 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $122,492 (12.5% 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. Built in 1898 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.87% ✗
• Cap rate: 6.03%
• Cash-on-cash: -0.94%
• DSCR: 0.96
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $223,839
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
214 N 1st St	0.00mi	4/1.0 (+1)	1,683 (0%)	1mo	$135,000	$80	94
201 SE 2nd St	0.20mi	2/2.0 (-1)	1,544 (-8%)	4mo	$205,000	$133	64
702 W Locust St	0.43mi	3/2.0	1,804 (+7%)	0mo	$72,000	$40	64
714 W Sycamore St	0.45mi	4/2.0 (+1)	1,704 (+1%)	9mo	$186,665	$110	60
219 S 1st St	0.20mi	4/2.0 (+1)	1,536 (-9%)	9mo	$220,000	$143	60
107 SW 2nd St	0.15mi	4/2.0 (+1)	1,880 (+12%)	7mo	$59,900	$32	59
107 SW 8th St	0.50mi	3/3.5	1,738 (+3%)	10mo	$410,000	$236	53
501 NW 3rd St	0.21mi	3/2.0	1,904 (+13%)	14mo	$154,900	$81	53
513 W Maple St	0.32mi	3/1.5	1,922 (+14%)	12mo	$126,108	$66	49
631 W Division St	0.56mi	4/2.0 (+1)	1,562 (-7%)	13mo	$267,000	$171	42
502 Jones SW 2nd St St	0.54mi	3/2.5	1,492 (-11%)	10mo	$262,000	$176	42
534 SW 5th St	0.64mi	4/3.5 (+1)	1,804 (+7%)	11mo	$420,000	$233	34

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: 23.6%
• Equity multiple: 2.90×
• Total profit: $74,333
• Equity at exit: $126,123

10-year hold

• IRR: 21.0%
• Equity multiple: 6.63×
• Total profit: $220,507
• Equity at exit: $271,989

Cash invested: $39,200 (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 50212

• Home prices YoY: 5.1%
• Active inventory: 31
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,225 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$206 /mo · $2,470/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$257
• Net cashflow: $-31

Break-even live

Break-even rent $1,264

Max offer price $134,585

Occupancy floor 98%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-06-01
   listing id $140,000 Pending
2. 2026-04-10
   listed $140,000
3. 2026-04-10
   historical

ⓘ 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: $2,470 · $206/mo
• Projected year-2 tax: $2,470 · $206/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate 7 d/yr ≥103°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: $14,699
• − Mortgage interest: −$7,842
• − Property taxes: −$2,470
• − Insurance: −$700
• − Repairs & maintenance: −$1,176
• − Management: −$1,176
• − Depreciation: −$4,073
• Taxable loss: −$2,738
• Est. tax savings @ 24.0%: +$657
• After-tax cash flow: $289/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: Ogden Community School District
• NCES district ID: 1921660
• Math proficiency: 74% ▼ -9.00%
• Reading proficiency: 77% ▼ -7.00%
• Median HH income: $56,714
• Composite: 64.56/100
• National rank: #536
• State rank: #61 of 289 in IA

Livability — Ogden

• Score: 81/100
• State rank: #70
• US rank: #1530

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ogden, IA
• Population (ZIP): 3,109

Population outlook (Boone County) Hauer SSP2

• Today (2025): 27,674 people
• By 2030: 28,058 · +1.4%
• By 2040: 28,474 · +2.9%
• By 2050: 28,383 · +2.6%
• By 2075: 27,647 · -0.1%
• By 2100: 25,485 · -7.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (98%)
• Race & ethnicity: White 98% Two or more races 1%
• Common ancestry: Iranian 6% Portuguese 6% Italian 2%
• Foreign-born: 1%

Political lean MEDSL · Boone

• 2024 margin: Strong R (+21.5) · D 38.4% · R 59.9% · Other 1.6%
• 2008→2024 swing: -29.2pp toward R · 2008: 7.6pp · 2024: -21.5pp
• All cycles: 2024: R+21.5 2020: R+15.6 2016: R+13.9 2012: D+6.4 2008: D+7.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 12.76%
• Current HPI: 263.0
• 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

2 events — show timeline

• 2026-04-10 Listing Removed — DMMLS
• 2026-04-10 Listed $140,000 DMMLS

Property tax history

+9.8%/yr

Latest (2025): $2,470 · +7.4% YoY. Source: county tax records.