300 SE 6th Ave · Tripoli, IA 50676

$109,900

3 bd · 1.5 ba · 1,679 sqft · SingleFamily public records · 26 Days on market

Built 1908 0.25 ac lot Est $131k · 16% under

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Why this score? — see what drove the B 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 +24.5/30.0
• ARV discount +14.7/15.0
• DSCR +7.9/10.0
• 1% rule +5.9/10.0
• Appreciation +5.5/10.0
• Schools +5.3/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

This charming 2-story home in Tripoli sits right across the road from Chapin Park, offering a great location with small-town charm. Inside, you’ll find 3 bedrooms upstairs plus the potential for a main floor bedroom, currently being used as a laundry room. The home features 1 full bathroom and an additional half bath, giving plenty of space for everyday living. Full of character, this home showcases beautiful original woodwork and timeless charm throughout. While ready for a buyer to bring their own updates and personal touches, the possibilities here are endless. Outside, you’ll appreciate the convenience of the attached 1-stall garage along with a spacious 2-stall barn/worksho

Key facts

• 2-stall barn
• Attached garage
• Original woodwork

Tags

• ATTACHED GARAGE
• 2-STALL BARN
• ORIGINAL WOODWORK

Property features AI

Exterior

• Parking: Attached garage; Detached parking; 3-space carport
• Utilities: Public water; Public sewer
• Home design: Single family residence; 2-story
• Construction: Aluminum siding; Asphalt roof
• Exterior features: Concrete road surface; Lot approximately 83 x 132 (0.25 acre); Zoned R-1

Interior

• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Basement with concrete construction; No fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $226 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $108k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 77/100 on livability (#171 in IA, #3,086 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Tripoli Community School District (rural): math 56% / reading 67% proficiency, ranked #226 of 289 in IA (top 78%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Tripoli Elementary School (math 62% / reading 57%, grade B-, #390 of 616 statewide, top 69%, 204 students, 39% FRL); Tripoli Middle/Sr High School (math 52% / reading 72%, grade B-, #242 of 336 statewide, top 76%, 185 students, 43% FRL) — zoned schools average 41% FRL vs 22% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 10 active listings in the ZIP; 34 units permitted in Bremer County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($760 loan paydown + $1k appreciation (1.0% local appreciation)).
• Bremer County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (1.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($108k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1908 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $108,251 (1.5% below list)

Questions for the listing agent

1. Built in 1908 — 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. 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.
4. 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.
5. 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: 1.09% ✓
• Cap rate: 8.76%
• Cash-on-cash: 8.82%
• DSCR: 1.39
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $130,962
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1106 2nd Street St SE	0.32mi	3/1.5	1,806 (+8%)	1mo	$181,500	$100	72
408 SE 4th Ave	0.17mi	4/3.0 (+1)	1,724 (+3%)	8mo	$95,000	$55	70
1006 SE 1st St	0.27mi	3/2.0	1,858 (+11%)	2mo	$239,900	$129	66
606 S Main St	0.17mi	4/1.0 (+1)	1,814 (+8%)	8mo	$22,500	$12	65
405 SW 2nd Ave	0.45mi	3/2.0	1,576 (-6%)	8mo	$164,000	$104	60
105 7th Ave Ave SW	0.21mi	3/1.5	1,500 (-11%)	21mo	$112,000	$75	55
309 SE 2nd St	0.25mi	3/1.5	1,916 (+14%)	12mo	$137,500	$72	54
315 S Main St	0.26mi	4/1.5 (+1)	1,445 (-14%)	8mo	$112,500	$78	53
401 N Main St	0.65mi	3/2.0	1,456 (-13%)	3mo	$108,000	$74	43
600 SW 1st Ave	0.58mi	3/1.0	1,820 (+8%)	23mo	$152,000	$84	38

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

Projected returns pro-forma

0.98% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 10.4%
• Equity multiple: 1.53×
• Total profit: $16,317
• Equity at exit: $37,378

10-year hold

• IRR: 14.3%
• Equity multiple: 2.73×
• Total profit: $53,203
• Equity at exit: $49,563

Cash invested: $30,772 (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 50676

• Home prices YoY: 0.5%
• Active inventory: 10
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,199 medium
• Mortgage (P&I): −$576
• Tax from tax record: −$99 /mo · $1,190/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $226

Break-even live

Break-even rent $913

Max offer price $109,900

Occupancy floor 76%

Sensitivity live

Price	-10% $288	-5% $257	+0% $226	+5% $195	+10% $164
Rent	-10% $131	-5% $179	+0% $226	+5% $273	+10% $321
Rate	-1.0pp $281	-0.5pp $254	base $226	+0.5pp $198	+1.0pp $169

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-21
   days on market $109,900 Active 26 DOM
2. 2026-06-21
   days on market $109,900 Active 25 DOM
3. 2026-06-18
   days on market $109,900 Active 23 DOM
4. 2026-06-17
   pricedays on market $109,900 Active 22 DOM
5. 2026-06-16
   days on market $119,900 Active 21 DOM
6. 2026-06-15
   days on market $119,900 Active 20 DOM
7. 2026-06-13
   days on market $119,900 Active 18 DOM
8. 2026-06-12
   days on market $119,900 Active 17 DOM
9. 2026-06-09
   days on market $119,900 Active 14 DOM
10. 2026-06-08
    days on market $119,900 Active 13 DOM
11. 2026-06-07
    days on market $119,900 Active 12 DOM
12. 2026-06-07
    days on market $119,900 Active 11 DOM
13. 2026-06-04
    days on market $119,900 Active 8 DOM
14. 2026-06-02
    days on market $119,900 Active 7 DOM
15. 2026-06-01
    days on market $119,900 Active 6 DOM
16. 2026-05-31
    days on market $119,900 Active 5 DOM
17. 2026-05-31
    days on market $119,900 Active 4 DOM
18. 2026-05-26
    listed $119,900 Active

ⓘ 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: $1,190 · $99/mo
• Projected year-2 tax: $1,458 · $121/mo
• Expected delta: +$268/yr (+$22/mo · 22.5%)

ⓘ 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 2/10 Low 7 d/yr ≥100°F today · 16 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: $14,390
• − Mortgage interest: −$6,156
• − Property taxes: −$1,190
• − Insurance: −$550
• − Repairs & maintenance: −$1,151
• − Management: −$1,151
• − Depreciation: −$3,197
• Taxable income: $995
• Est. tax owed @ 24.0%: −$239
• After-tax cash flow: $2,474/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: Tripoli Community School District
• NCES district ID: 1928050
• Math proficiency: 56% ▼ -6.00%
• Reading proficiency: 67% ▲ 7.00%
• Median HH income: $53,773
• Composite: 52.64/100
• National rank: #1555
• State rank: #226 of 289 in IA

Livability — Tripoli

• Score: 77/100
• State rank: #171
• US rank: #3086

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: Tripoli, IA
• Population (ZIP): 2,128

Population outlook (Bremer County) Hauer SSP2

• Today (2025): 25,557 people
• By 2030: 25,842 · +1.1%
• By 2040: 26,206 · +2.5%
• By 2050: 26,620 · +4.2%
• By 2075: 27,635 · +8.1%
• By 2100: 28,760 · +12.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 6% Hispanic / Latino 1%
• Common ancestry: Portuguese 5% Romanian 4% Lithuanian 2%
• Languages at home: 99% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Bremer

• 2024 margin: Strong R (+22.2) · D 38.3% · R 60.5% · Other 1.3%
• 2008→2024 swing: -31.5pp toward R · 2008: 9.3pp · 2024: -22.2pp
• All cycles: 2024: R+22.2 2020: R+16.1 2016: R+13.9 2012: D+2.5 2008: D+9.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.98%
• Current HPI: 188.7982
• 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

1 event — show timeline

• 2026-05-26 Listed $119,900 NEIRBR as distributed by MLS GRID

Property tax history

+0.4%/yr

Latest (2025): $1,190 · -1.3% YoY. Source: county tax records.