901 11th St · Grundy Center, IA 50638

$122,900

3 bd · 2.0 ba · 1,402 sqft · SingleFamily public records · 54 Days on market

Built 1880 10,500 sqft lot Est $154k · 20% 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 +13.9/30.0
• Schools +7.0/10.0
• DSCR +4.2/10.0
• Livability +4.0/5.0
• 1% rule +3.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This Grundy Center home has 4 bedrooms with 1 main floor bathroom with many upgrades. Main floor laundry makes it easy to do laundry. There are 2 bedrooms upstairs with an open area outside the bedrooms that can be a play area or office. The home has a newer furnace with air purifier and UV light. Both furnace and A/C are 2 years old with a 10 years warranty. Furnace ducts were cleaned in 2022. Water heater is also 2 years old. All the windows are Vinyl windows about 6 years old. There is a large yard for the kids or your furry friends to play in. Sewer line to street was check with camera when city installed new flush out at the street with result showing line was clear. Attic has had 12 inches of blow in insulation installed in last 3 years. There is a sump pump hole installed in the basement but has always been dry and pump never installed.

Key facts

• Large side-yard
• New appliances
• Updated kitchen

Tags

• UPDATED KITCHEN
• NEW APPLIANCES
• 4 SEASONS ROOM
• LARGE SIDE-YARD
• BLOWN INSULATION
• WALKING DISTANCE TO SCHOOL

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $123k.

Deal economics

• At list price, monthly cash flow is $14 ($172/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 $110k (10.6% below list).
• Recommended offer: $110k (10.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 81/100 on livability (#68 in IA, #1,503 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Grundy Center Community School District (rural): math 80% / reading 85% proficiency, ranked #17 of 289 in IA (top 6%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Zoned schools: Grundy Center Elementary School (math 82% / reading 77%, grade A, #71 of 616 statewide, top 15%, 277 students, 34% FRL); Grundy Center Middle School (math 80% / reading 87%, grade A+, #11 of 246 statewide, top 4%, 212 students, 21% FRL); Grundy Center High School (math 77% / reading 87%, grade A, #20 of 336 statewide, top 7%, 235 students, 28% FRL).
• Market conditions: 35 active listings in the ZIP; 14 units permitted in Grundy County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $850 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 54 days — a 3% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 12y ago; this cycle's ask has dropped $7k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1880 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $109,883 (10.6% below list)

Questions for the listing agent

1. It's been on market 54 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
2. Built in 1880 — 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: 0.89% ✗
• Cap rate: 6.43%
• Cash-on-cash: 0.50%
• DSCR: 1.02
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $154,220
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
901 11th St	0.00mi	4/1.0 (+1)	1,402 (0%)	0mo	$124,400	$89	91
907 F Ave	0.25mi	4/2.0 (+1)	1,450 (+3%)	6mo	$164,000	$113	72
704 J Ave Ave	0.27mi	4/1.5 (+1)	1,448 (+3%)	4mo	$108,500	$75	72
705 E Avenue Ave	0.39mi	4/2.0 (+1)	1,440 (+3%)	3mo	$159,000	$110	70
802 K Ave	0.25mi	2/2.0 (-1)	1,480 (+6%)	6mo	$120,000	$81	69
608 H Ave	0.32mi	3/1.0	1,476 (+5%)	6mo	$93,000	$63	67
414 M Ave Ave	0.51mi	3/2.0	1,444 (+3%)	9mo	$185,000	$128	64
504 M Ave	0.48mi	4/2.0 (+1)	1,348 (-4%)	8mo	$177,000	$131	60
205 F Avenue Ave	0.70mi	3/2.0	1,300 (-7%)	3mo	$166,500	$128	53
1502 Prairie Dr Unit B	0.43mi	2/2.0 (-1)	1,570 (+12%)	4mo	$310,000	$197	51
305 I Ave	0.59mi	2/2.0 (-1)	1,269 (-10%)	3mo	$76,000	$60	49
407 K Avenue Ave	0.48mi	3/1.0	1,567 (+12%)	7mo	$164,000	$105	48

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -15.5%
• Equity multiple: 0.45×
• Total profit: $-18,980
• Equity at exit: $18,325

10-year hold

• IRR: -7.0%
• Equity multiple: 0.56×
• Total profit: $-15,271
• Equity at exit: $10,626

Cash invested: $34,412 (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 50638

• Home prices YoY: -11.7%
• Active inventory: 35
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,099 medium
• Mortgage (P&I): −$645
• Tax from tax record: −$158 /mo · $1,896/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$231
• Net cashflow: $14

Break-even live

Break-even rent $1,081

Max offer price $122,900

Occupancy floor 94%

Sensitivity live

Price	-10% $84	-5% $49	+0% $14	+5% $-20	+10% $-55
Rent	-10% $-72	-5% $-29	+0% $14	+5% $58	+10% $101
Rate	-1.0pp $76	-0.5pp $46	base $14	+0.5pp $-17	+1.0pp $-50

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: $30,725
• Closing costs: $3,687
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-04-28
   status Pending
2. 2026-04-20
   price $122,900
3. 2026-03-29
   price $126,000
4. 2026-03-05
   listed $130,000 Active
5. 2024-06-13
   soldstatus $110,000
6. 2024-06-03
   soldstatus $110,000 Closed 855-char remark

   Show marketing remark (855 chars)

   This Grundy Center home has 4 bedrooms with 1 main floor bathroom with many upgrades. Main floor laundry makes it easy to do laundry. There are 2 bedrooms upstairs with an open area outside the bedrooms that can be a play area or office. The home has a newer furnace with air purifier and UV light. Both furnace and A/C are 2 years old with a 10 years warranty. Furnace ducts were cleaned in 2022. Water heater is also 2 years old. All the windows are Vinyl windows about 6 years old. There is a large yard for the kids or your furry friends to play in. Sewer line to street was check with camera when city installed new flush out at the street with result showing line was clear. Attic has had 12 inches of blow in insulation installed in last 3 years. There is a sump pump hole installed in the basement but has always been dry and pump never installed.

7. 2024-03-05
   status Pending 855-char remark

   Show marketing remark (855 chars)

   This Grundy Center home has 4 bedrooms with 1 main floor bathroom with many upgrades. Main floor laundry makes it easy to do laundry. There are 2 bedrooms upstairs with an open area outside the bedrooms that can be a play area or office. The home has a newer furnace with air purifier and UV light. Both furnace and A/C are 2 years old with a 10 years warranty. Furnace ducts were cleaned in 2022. Water heater is also 2 years old. All the windows are Vinyl windows about 6 years old. There is a large yard for the kids or your furry friends to play in. Sewer line to street was check with camera when city installed new flush out at the street with result showing line was clear. Attic has had 12 inches of blow in insulation installed in last 3 years. There is a sump pump hole installed in the basement but has always been dry and pump never installed.

8. 2023-12-06
   price $110,000 855-char remark

   Show marketing remark (855 chars)

   This Grundy Center home has 4 bedrooms with 1 main floor bathroom with many upgrades. Main floor laundry makes it easy to do laundry. There are 2 bedrooms upstairs with an open area outside the bedrooms that can be a play area or office. The home has a newer furnace with air purifier and UV light. Both furnace and A/C are 2 years old with a 10 years warranty. Furnace ducts were cleaned in 2022. Water heater is also 2 years old. All the windows are Vinyl windows about 6 years old. There is a large yard for the kids or your furry friends to play in. Sewer line to street was check with camera when city installed new flush out at the street with result showing line was clear. Attic has had 12 inches of blow in insulation installed in last 3 years. There is a sump pump hole installed in the basement but has always been dry and pump never installed.

9. 2023-10-30
   price $120,000 855-char remark

   Show marketing remark (855 chars)

   This Grundy Center home has 4 bedrooms with 1 main floor bathroom with many upgrades. Main floor laundry makes it easy to do laundry. There are 2 bedrooms upstairs with an open area outside the bedrooms that can be a play area or office. The home has a newer furnace with air purifier and UV light. Both furnace and A/C are 2 years old with a 10 years warranty. Furnace ducts were cleaned in 2022. Water heater is also 2 years old. All the windows are Vinyl windows about 6 years old. There is a large yard for the kids or your furry friends to play in. Sewer line to street was check with camera when city installed new flush out at the street with result showing line was clear. Attic has had 12 inches of blow in insulation installed in last 3 years. There is a sump pump hole installed in the basement but has always been dry and pump never installed.

10. 2023-10-04
    listed $130,000 Active 855-char remark

    Show marketing remark (855 chars)

    This Grundy Center home has 4 bedrooms with 1 main floor bathroom with many upgrades. Main floor laundry makes it easy to do laundry. There are 2 bedrooms upstairs with an open area outside the bedrooms that can be a play area or office. The home has a newer furnace with air purifier and UV light. Both furnace and A/C are 2 years old with a 10 years warranty. Furnace ducts were cleaned in 2022. Water heater is also 2 years old. All the windows are Vinyl windows about 6 years old. There is a large yard for the kids or your furry friends to play in. Sewer line to street was check with camera when city installed new flush out at the street with result showing line was clear. Attic has had 12 inches of blow in insulation installed in last 3 years. There is a sump pump hole installed in the basement but has always been dry and pump never installed.

11. 2017-10-30
    soldstatus $70,000
12. 2017-10-18
    soldstatus $70,000 323-char remark

    Show marketing remark (323 chars)

    Check out this newly remodeled five bedroom home. This home has been completely remodeled and you will like the look. New kitchen, flooring, windows and much more make this an easy house to move into tomorrow. Great location, close to schools, etc. Call and make an appointment today before the sign says, "SOLD!"

13. 2017-07-24
    listed $74,900 323-char remark

    Show marketing remark (323 chars)

    Check out this newly remodeled five bedroom home. This home has been completely remodeled and you will like the look. New kitchen, flooring, windows and much more make this an easy house to move into tomorrow. Great location, close to schools, etc. Call and make an appointment today before the sign says, "SOLD!"

14. 2014-11-19
    soldstatus $7,000
15. 2014-10-03
    listed $10,000

ⓘ 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: $1,896 · $158/mo
• Projected year-2 tax: $1,913 · $159/mo
• Expected delta: +$17/yr (+$1/mo · 0.9%)

ⓘ 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 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: $13,186
• − Mortgage interest: −$6,884
• − Property taxes: −$1,896
• − Insurance: −$614
• − Repairs & maintenance: −$1,055
• − Management: −$1,055
• − Depreciation: −$3,575
• Taxable loss: −$1,894
• Est. tax savings @ 24.0%: +$455
• After-tax cash flow: $627/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: Grundy Center Community School District
• NCES district ID: 1913290
• Math proficiency: 80% ▼ -2.00%
• Reading proficiency: 85% ▬ 0.00%
• Median HH income: $54,056
• Composite: 70.11/100
• National rank: #275
• State rank: #17 of 289 in IA

Livability — Grundy Center

• Score: 81/100
• State rank: #68
• US rank: #1503

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Grundy Center, IA
• Population (ZIP): 3,474

Population outlook (Grundy County) Hauer SSP2

• Today (2025): 12,452 people
• By 2030: 12,452 · +0.0%
• By 2040: 12,437 · -0.1%
• By 2050: 12,370 · -0.7%
• By 2075: 12,495 · +0.3%
• By 2100: 11,823 · -5.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Hispanic / Latino 3% Two or more races 1%
• Common ancestry: Iranian 5% Portuguese 4% Slovak 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Grundy

• 2024 margin: Solid R (+41.8) · D 28.3% · R 70.1% · Other 1.6%
• 2008→2024 swing: -24.9pp toward R · 2008: -16.9pp · 2024: -41.8pp
• All cycles: 2024: R+41.8 2020: R+37.4 2016: R+39.5 2012: R+23.1 2008: R+16.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -30.09%
• Current HPI: 227.7523
• 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

+1129.0% since first listed

15 events — show timeline

• 2026-04-28 Pending — NEIRBR as distributed by MLS GRID
• 2026-04-20 Price Changed $122,900 NEIRBR as distributed by MLS GRID
• 2026-03-29 Price Changed $126,000 NEIRBR as distributed by MLS GRID
• 2026-03-05 Listed $130,000 NEIRBR as distributed by MLS GRID
• 2024-06-13 Sold (Public Records) $110,000 Public Records
• 2024-06-03 Sold (MLS) $110,000 NEIRBR as distributed by MLS GRID
• 2024-03-05 Pending — NEIRBR as distributed by MLS GRID
• 2023-12-06 Price Changed $110,000 NEIRBR as distributed by MLS GRID
• 2023-10-30 Price Changed $120,000 NEIRBR as distributed by MLS GRID
• 2023-10-04 Listed $130,000 NEIRBR as distributed by MLS GRID
• 2017-10-30 Sold (Public Records) $70,000 Public Records
• 2017-10-18 Sold (MLS) $70,000 NEIRBR as distributed by MLS GRID
• 2017-07-24 Listed $74,900 NEIRBR as distributed by MLS GRID
• 2014-11-19 Sold (MLS) $7,000 IAR
• 2014-10-03 Listed $10,000 IAR

Property tax history

+7.0%/yr

Latest (2025): $1,896 · +21.1% YoY. Source: county tax records.