808 Oakland NE · Cedar Rapids, IA 52402

$139,900

2 bd · 1.0 ba · 1,164 sqft · SingleFamily public records · 151 Days on market

Built 1918 5,663 sqft lot $120/sqft · at area comps Est $144k · at est.

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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 +15.7/30.0
• ARV discount +8.8/15.0
• Rent growth +5.0/5.0
• DSCR +4.8/10.0
• Schools +4.7/10.0
• 1% rule +4.2/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come check out this well-maintained and nicely updated property at 808 Oakland Road NE! This home offers inviting living spaces, great natural light, and a layout that just makes sense. The kitchen is functional with solid storage and prep space. Bedrooms are comfortable and versatile, and the fenced backyard is ready for relaxing, pets, and play. With a detached garage, easy access to schools, shopping, parks, and main travel routes, this home delivers convenience and comfort on the NE side of Cedar Rapids. This lovely home is waiting for its next chapter! Home is sold AS-IS.

Key facts

• Fenced backyard
• Detached garage
• Easy access to parks

Tags

• FENCED BACKYARD
• DETACHED GARAGE
• EASY ACCESS TO SCHOOLS
• EASY ACCESS TO SHOPPING
• EASY ACCESS TO PARKS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $61 ($737/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $129k (7.9% below list).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.8% vs local median 3.5% in Cedar Rapids — 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 78/100 on livability (#134 in IA, #2,474 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, commute F.
• Cedar Rapids Community School District (urban): math 50% / reading 59% proficiency, ranked #265 of 289 in IA (top 92%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+11.0%/yr); 286 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,023 units permitted in Linn County in 2024 (456 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Linn County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 151 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 13y 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 $76k; list at $140k implies a 83% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1918 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $123,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 151 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1918 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-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: 0.92% ✗
• Cap rate: 6.82%
• Cash-on-cash: 1.88%
• DSCR: 1.08
• GRM: 9.1

CMA / ARV

• ARV (median comp): $144,147
• List price: $139,900
• Delta: -2.95%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1614 J Ave NE	0.49mi	2/1.0	1,205 (+4%)	0mo	$170,000	$141	71
1624 Greene Ave NE	0.44mi	3/1.5 (+1)	1,152 (-1%)	3mo	$178,000	$155	69
1002 Center Point Rd NE	0.36mi	3/1.0 (+1)	1,126 (-3%)	10mo	$87,500	$78	64
1308 L Ave NE	0.64mi	3/1.0 (+1)	1,206 (+4%)	2mo	$190,000	$158	57
1046 12th St NE	0.47mi	2/2.0	1,058 (-9%)	5mo	$137,500	$130	55
1101 Elmhurst Dr NE	0.51mi	3/1.0 (+1)	1,088 (-6%)	11mo	$135,000	$124	52
1106 Elmhurst Dr	0.53mi	3/1.0 (+1)	1,248 (+7%)	9mo	$60,000	$48	51
1302 Maplewood Dr NE	0.64mi	2/1.0	1,079 (-7%)	11mo	$155,500	$144	49
1053 Center Point Rd NE	0.46mi	3/2.0 (+1)	1,304 (+12%)	4mo	$138,900	$107	46
1434 Oakland Road Rd NE	0.75mi	2/1.0	1,030 (-12%)	1mo	$160,000	$155	45
1510 Maplewood Dr NE	0.73mi	2/1.0	1,047 (-10%)	7mo	$179,900	$172	43
1859 K Ave NE	0.66mi	3/1.0 (+1)	1,046 (-10%)	8mo	$160,000	$153	40

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

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -7.9%
• Equity multiple: 0.70×
• Total profit: $-11,938
• Equity at exit: $20,860

10-year hold

• IRR: 7.1%
• Equity multiple: 1.66×
• Total profit: $25,672
• Equity at exit: $12,096

Cash invested: $39,172 (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 52402

• Rents YoY: 11.0%
• Active inventory: 286
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,288 high
• Mortgage (P&I): −$734
• Tax from tax record: −$164 /mo · $1,968/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $61

Break-even live

Break-even rent $1,210

Max offer price $139,900

Occupancy floor 90%

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1220 Sierra Dr NE Cedar Rapids, IA	1.0–2.0	1.0–2.0	985	$1,000	$1.02	43d	1	0.81mi
511 23rd St NE Cedar Rapids, IA	2.0	1.0	888	$1,500	$1.69	43d	1	0.98mi
906 10th St SE Cedar Rapids, IA	1.0–2.0	1.0–2.0	890	$1,300	$1.46	13d	6	1.16mi
730 Wellington St SE Cedar Rapids, IA	3.0	1.0	1366	$1,325	$0.97	21d	1	1.18mi
1127 34th St NE Cedar Rapids, IA	3.0	2.0	1152	$1,385	$1.20	43d	1	1.42mi
1017 19th St SE Cedar Rapids, IA	3.0	1.0	946	$1,100	$1.16	43d	1	1.48mi
206 3rd Ave SW Cedar Rapids, IA	1.0	1.5	1400	$1,495	$1.07	13d	1	1.50mi

Listing history 10 events

1. 2026-01-27
   status Active 583-char remark

   Show marketing remark (583 chars)

   Come check out this well-maintained and nicely updated property at 808 Oakland Road NE! This home offers inviting living spaces, great natural light, and a layout that just makes sense. The kitchen is functional with solid storage and prep space. Bedrooms are comfortable and versatile, and the fenced backyard is ready for relaxing, pets, and play. With a detached garage, easy access to schools, shopping, parks, and main travel routes, this home delivers convenience and comfort on the NE side of Cedar Rapids. This lovely home is waiting for its next chapter! Home is sold AS-IS.

2. 2026-01-19
   status Pending 583-char remark

   Show marketing remark (583 chars)

   Come check out this well-maintained and nicely updated property at 808 Oakland Road NE! This home offers inviting living spaces, great natural light, and a layout that just makes sense. The kitchen is functional with solid storage and prep space. Bedrooms are comfortable and versatile, and the fenced backyard is ready for relaxing, pets, and play. With a detached garage, easy access to schools, shopping, parks, and main travel routes, this home delivers convenience and comfort on the NE side of Cedar Rapids. This lovely home is waiting for its next chapter! Home is sold AS-IS.

3. 2025-12-19
   listed $139,900 Active 583-char remark

   Show marketing remark (583 chars)

   Come check out this well-maintained and nicely updated property at 808 Oakland Road NE! This home offers inviting living spaces, great natural light, and a layout that just makes sense. The kitchen is functional with solid storage and prep space. Bedrooms are comfortable and versatile, and the fenced backyard is ready for relaxing, pets, and play. With a detached garage, easy access to schools, shopping, parks, and main travel routes, this home delivers convenience and comfort on the NE side of Cedar Rapids. This lovely home is waiting for its next chapter! Home is sold AS-IS.

4. 2020-07-10
   soldstatus $76,500
5. 2020-04-17
   listed $89,900
6. 2014-11-07
   soldstatus $73,000
7. 2014-11-04
   soldstatus $72,750
8. 2014-04-01
   listed $77,900
9. 2013-09-05
   listed $84,000
10. 2010-05-21
    soldstatus $80,000

ⓘ 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: $1,968 · $164/mo
• Projected year-2 tax: $2,082 · $174/mo
• Expected delta: +$114/yr (+$10/mo · 5.8%)

ⓘ 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 ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,454
• − Mortgage interest: −$7,837
• − Property taxes: −$1,968
• − Insurance: −$700
• − Repairs & maintenance: −$1,236
• − Management: −$1,236
• − Depreciation: −$4,070
• Taxable loss: −$1,593
• Est. tax savings @ 24.0%: +$382
• After-tax cash flow: $1,120/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: Cedar Rapids Community School District
• NCES district ID: 1906540
• Math proficiency: 50% ▼ -12.00%
• Reading proficiency: 59% ▼ -6.00%
• Median HH income: $53,568
• Composite: 46.82/100
• National rank: #2378
• State rank: #265 of 289 in IA

Livability — Cedar Rapids

• Score: 78/100
• State rank: #134
• US rank: #2474

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cedar Rapids, IA
• County: Linn County · 179,860 people
• City population: 137,154
• Metro: Cedar Rapids, IA
• Population (ZIP): 42,938
• Household income: $73,439
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 971.0

Population outlook (Linn County) Hauer SSP2

• Today (2025): 239,589 people
• By 2030: 248,587 · +3.8%
• By 2040: 264,817 · +10.5%
• By 2050: 278,685 · +16.3%
• By 2075: 311,754 · +30.1%
• By 2100: 336,773 · +40.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Two or more races 7% Black 6% Asian 6% Hispanic / Latino 4%
• Common ancestry: Portuguese 4% Lithuanian 2% Iranian 2%
• Foreign-born: 8% · Canada, Philippines, China
• Languages at home: 89% English-only · Spanish 3% Other Indo-European 3% Other Asian/Pacific 2%

Political lean MEDSL · Linn

• 2024 margin: Lean D (+9.9) · D 54.2% · R 44.3% · Other 1.4%
• 2008→2024 swing: -11.6pp toward R · 2008: 21.5pp · 2024: 9.9pp
• All cycles: 2024: D+9.9 2020: D+13.7 2016: D+9.0 2012: D+17.6 2008: D+21.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -133.31%
• Current HPI: 201.7061
• Rent YoY: ▲ 10.97%
• Metro: Cedar Rapids, IA
• 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

+74.9% since first listed

10 events — show timeline

• 2026-01-27 Relisted — CRAAR, CDRMLS
• 2026-01-19 Pending — CRAAR, CDRMLS
• 2025-12-19 Listed $139,900 CRAAR, CDRMLS
• 2020-07-10 Sold (MLS) $76,500 CRAAR, CDRMLS
• 2020-04-17 Listed $89,900 CRAAR, CDRMLS
• 2014-11-07 Sold (Public Records) $73,000 Public Records
• 2014-11-04 Sold (MLS) $72,750 CRAAR, CDRMLS
• 2014-04-01 Listed $77,900 CRAAR, CDRMLS
• 2013-09-05 Listed $84,000 CRAAR, CDRMLS
• 2010-05-21 Sold (Public Records) $80,000 Public Records

Property tax history

+1.3%/yr

Latest (2025): $1,968 · +2.3% YoY. Source: county tax records.