1330 C St St SW · Cedar Rapids, IA 52404

$165,900

3 bd · 1.0 ba · 1,036 sqft · SingleFamily public records · 1 Days on market

Built 1917 4,356 sqft lot Est $119k · 39% over

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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 +13.7/30.0
• Rent growth +4.7/5.0
• Schools +4.7/10.0
• DSCR +4.2/10.0
• Livability +3.9/5.0
• 1% rule +3.2/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Updated, freshly painted, move-in ready! Located next to Czech Village- where all the fun is happening! 3 Bedrooms and 2 full bathrooms and a half bath with low taxes! 3 bathrooms in this price range is rare! Exterior curb appeal is cute with a deck and patio and some fencing, off-street parking in the back, and a cute porch in the front. The main floor has a functional layout with living room, formal dining, kitchen, off the kitchen is a great sized pantry and door to the basement. The basement has washer and dryer (included) and another full bathroom. Off the living room is another room that leads to a half bathroom on the main and stairs leading to the second floor. The second floor has 3 bedrooms and another full bathroom. Off the formal dining area is sliding glass doors leading to the deck and patio. This house is cute and has great amenities. Schedule a showing today! Buyer to verify all information.

Key facts

• Off street parking
• Great sized pantry
• Sliding glass doors

Tags

• DECK AND PATIO
• OFF STREET PARKING
• FUNCTIONAL LAYOUT
• GREAT SIZED PANTRY
• WASHER AND DRYER INCLUDED
• SLIDING GLASS DOORS

Property features AI

Finance

• HOA & community: Annual association fee

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; 2 stories; Residential property
• Construction: Aluminum siding and frame construction
• Exterior features: Deck; Patio

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Steam heating; Wall/window cooling units
• Interior features: Pantry; Other
• Laundry & utility: Washer; Dryer; Laundry in basement; Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $166k.

Deal economics

• At list price, monthly cash flow is $13 ($162/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 $136k (17.9% below list).
• Recommended offer: $136k (17.9% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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.
• Zoned schools: Cedar River Academy At Taylor (math 22% / reading 27%, grade F, #613 of 616 statewide, top 100%, 296 students, 78% FRL); Wilson Middle School (math 42% / reading 49%, grade D+, #231 of 246 statewide, top 94%, 395 students, 72% FRL); Thomas Jefferson High School (math 41% / reading 62%, grade D+, #307 of 336 statewide, top 91%, 1,543 students, 56% FRL) — zoned schools average 69% FRL vs 43% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 40% at this address vs 54% district-wide (-14 pts) — the specific schools serving this property underperform the Cedar Rapids Community School District average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+8.8%/yr); 419 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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 $1k of loan paydown is wiped out by about $5k 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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 11y 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 $43k; list at $166k implies a 286% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1917 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $136,133 (17.9% below list)

Questions for the listing agent

1. Built in 1917 — 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. 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?
4. 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?
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: 0.82% ✗
• Cap rate: 6.39%
• Cash-on-cash: 0.35%
• DSCR: 1.02
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $119,140
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1516 1st St SW	0.17mi	3/1.0	992 (-4%)	8mo	$110,000	$111	79
179 15th Ave SW	0.16mi	2/1.5 (-1)	1,122 (+8%)	1mo	$129,000	$115	71
87 14th Ave Ave SW	0.06mi	3/1.0	1,149 (+11%)	10mo	$75,000	$65	70
1523 1st St SW	0.16mi	3/1.0	948 (-8%)	11mo	$138,000	$146	70
280 14th Ave Ave SW	0.27mi	3/1.0	950 (-8%)	6mo	$101,500	$107	69
186 22nd Ave Ave SW	0.57mi	3/1.5	1,063 (+3%)	4mo	$182,000	$171	64
517 2nd St SW	0.58mi	2/1.0 (-1)	1,052 (+2%)	5mo	$155,000	$147	61
804 SW N St	0.52mi	2/1.5 (-1)	1,095 (+6%)	1mo	$42,250	$39	58
452 8th Ave SW	0.67mi	3/1.0	975 (-6%)	1mo	$82,950	$85	58
189 21st Ave Ave SW	0.54mi	2/1.0 (-1)	998 (-4%)	9mo	$158,000	$158	56
1906 K St St SW	0.47mi	3/2.0	1,145 (+10%)	2mo	$63,000	$55	55
807 N St SW	0.49mi	3/1.5	1,142 (+10%)	7mo	$132,000	$116	52

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: -10.7%
• Equity multiple: 0.59×
• Total profit: $-18,861
• Equity at exit: $24,736

10-year hold

• IRR: 4.2%
• Equity multiple: 1.37×
• Total profit: $17,300
• Equity at exit: $14,344

Cash invested: $46,452 (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 52404

• Rents YoY: 8.8%
• Active inventory: 419
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,361 high
• Mortgage (P&I): −$870
• Tax from tax record: −$123 /mo · $1,474/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$286
• Net cashflow: $13

Break-even live

Break-even rent $1,344

Max offer price $165,900

Occupancy floor 94%

Sensitivity live

Price	-10% $107	-5% $60	+0% $13	+5% $-33	+10% $-80
Rent	-10% $-94	-5% $-40	+0% $13	+5% $67	+10% $121
Rate	-1.0pp $97	-0.5pp $56	base $13	+0.5pp $-29	+1.0pp $-73

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: $41,475
• Closing costs: $4,977
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
906 10th St SE Cedar Rapids, IA	1.0–2.0	1.0–2.0	890	$1,300	$1.46	15d	6	1.02mi
417 9th St NW Cedar Rapids, IA	3.0	1.0	1061	$1,300	$1.23	46d	1	1.31mi
1017 19th St SE Cedar Rapids, IA	3.0	1.0	946	$1,100	$1.16	46d	1	1.33mi
1001 C Ave NW Cedar Rapids, IA	3.0	1.5	1446	$1,500	$1.04	15d	1	1.35mi
730 Wellington St SE Cedar Rapids, IA	3.0	1.0	1366	$1,325	$0.97	23d	1	1.39mi

Listing history 10 events

1. 2026-05-29
   status Pending 920-char remark

   Show marketing remark (920 chars)

   Updated, freshly painted, move-in ready! Located next to Czech Village- where all the fun is happening! 3 Bedrooms and 2 full bathrooms and a half bath with low taxes! 3 bathrooms in this price range is rare! Exterior curb appeal is cute with a deck and patio and some fencing, off-street parking in the back, and a cute porch in the front. The main floor has a functional layout with living room, formal dining, kitchen, off the kitchen is a great sized pantry and door to the basement. The basement has washer and dryer (included) and another full bathroom. Off the living room is another room that leads to a half bathroom on the main and stairs leading to the second floor. The second floor has 3 bedrooms and another full bathroom. Off the formal dining area is sliding glass doors leading to the deck and patio. This house is cute and has great amenities. Schedule a showing today! Buyer to verify all information.

2. 2026-05-29
   status Pending

   Show marketing remark (920 chars)

   Updated, freshly painted, move-in ready! Located next to Czech Village- where all the fun is happening! 3 Bedrooms and 2 full bathrooms and a half bath with low taxes! 3 bathrooms in this price range is rare! Exterior curb appeal is cute with a deck and patio and some fencing, off-street parking in the back, and a cute porch in the front. The main floor has a functional layout with living room, formal dining, kitchen, off the kitchen is a great sized pantry and door to the basement. The basement has washer and dryer (included) and another full bathroom. Off the living room is another room that leads to a half bathroom on the main and stairs leading to the second floor. The second floor has 3 bedrooms and another full bathroom. Off the formal dining area is sliding glass doors leading to the deck and patio. This house is cute and has great amenities. Schedule a showing today! Buyer to verify all information.

3. 2026-05-28
   listed $165,900 Active 920-char remark

   Show marketing remark (920 chars)

   Updated, freshly painted, move-in ready! Located next to Czech Village- where all the fun is happening! 3 Bedrooms and 2 full bathrooms and a half bath with low taxes! 3 bathrooms in this price range is rare! Exterior curb appeal is cute with a deck and patio and some fencing, off-street parking in the back, and a cute porch in the front. The main floor has a functional layout with living room, formal dining, kitchen, off the kitchen is a great sized pantry and door to the basement. The basement has washer and dryer (included) and another full bathroom. Off the living room is another room that leads to a half bathroom on the main and stairs leading to the second floor. The second floor has 3 bedrooms and another full bathroom. Off the formal dining area is sliding glass doors leading to the deck and patio. This house is cute and has great amenities. Schedule a showing today! Buyer to verify all information.

4. 2026-05-28
   listed $165,900 Active

   Show marketing remark (920 chars)

   Updated, freshly painted, move-in ready! Located next to Czech Village- where all the fun is happening! 3 Bedrooms and 2 full bathrooms and a half bath with low taxes! 3 bathrooms in this price range is rare! Exterior curb appeal is cute with a deck and patio and some fencing, off-street parking in the back, and a cute porch in the front. The main floor has a functional layout with living room, formal dining, kitchen, off the kitchen is a great sized pantry and door to the basement. The basement has washer and dryer (included) and another full bathroom. Off the living room is another room that leads to a half bathroom on the main and stairs leading to the second floor. The second floor has 3 bedrooms and another full bathroom. Off the formal dining area is sliding glass doors leading to the deck and patio. This house is cute and has great amenities. Schedule a showing today! Buyer to verify all information.

5. 2025-08-11
   soldstatus $43,000 Closed 63-char remark

   Show marketing remark (63 chars)

   Investor Alert! 3 bedroom, 1 full bath. Property is sold as-is.

6. 2025-07-29
   status Pending 63-char remark

   Show marketing remark (63 chars)

   Investor Alert! 3 bedroom, 1 full bath. Property is sold as-is.

7. 2025-07-25
   listed $50,000 Active 63-char remark

   Show marketing remark (63 chars)

   Investor Alert! 3 bedroom, 1 full bath. Property is sold as-is.

8. 2015-11-13
   soldstatus $42,000
9. 2015-09-03
   listed $39,000
10. 2006-04-21
    soldstatus $75,000

ⓘ 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: $1,474 · $123/mo
• Projected year-2 tax: $2,039 · $170/mo
• Expected delta: +$565/yr (+$47/mo · 38.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 21% 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 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,336
• − Mortgage interest: −$9,293
• − Property taxes: −$1,474
• − Insurance: −$830
• − Repairs & maintenance: −$1,307
• − Management: −$1,307
• − Depreciation: −$4,826
• Taxable loss: −$2,700
• Est. tax savings @ 24.0%: +$648
• After-tax cash flow: $810/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): 42,958
• Household income: $61,870
• Rent vs Own: 33.9% rent · 66.1% own
• Severe rent burden: 1041.0

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 (74%)
• Race & ethnicity: White 74% Black 10% Two or more races 10% Hispanic / Latino 7%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Portuguese 3% Lithuanian 2% Romanian 2%
• Foreign-born: 8% · Canada
• Languages at home: 90% English-only · Spanish 3% French/Haitian/Cajun 2% Other Asian/Pacific 1%

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: ▼ -154.96%
• Current HPI: 241.81
• Rent YoY: ▲ 8.79%
• 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

+121.2% since first listed

10 events — show timeline

• 2026-05-29 Pending — CRAAR, CDRMLS
• 2026-05-29 Pending — ICAARMLS
• 2026-05-28 Listed $165,900 ICAARMLS
• 2026-05-28 Listed $165,900 CRAAR, CDRMLS
• 2025-08-11 Sold (MLS) $43,000 CRAAR, CDRMLS
• 2025-07-29 Pending — CRAAR, CDRMLS
• 2025-07-25 Listed $50,000 CRAAR, CDRMLS
• 2015-11-13 Sold (MLS) $42,000 CRAAR, CDRMLS
• 2015-09-03 Listed $39,000 CRAAR, CDRMLS
• 2006-04-21 Sold (Public Records) $75,000 Public Records

Property tax history

+1.2%/yr

Latest (2025): $1,474 · +7.3% YoY. Source: county tax records.