1310 G Ave · Marion, IA 52302

$155,000

4 bd · 1.0 ba · 1,698 sqft · SingleFamily public records · 49 Days on market

Built 1964 8,843 sqft lot $91/sqft · 38% below area Est $208k · 25% 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 +26.6/30.0
• ARV discount +15.0/15.0
• DSCR +9.1/10.0
• 1% rule +7.3/10.0
• Schools +5.8/10.0
• Rent growth +4.6/5.0
• Livability +4.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Great opportunity in Marion!! This 3-bedroom home with an additional nonconforming bedroom in the lower level offers outstanding potential for investors, flippers, or buyers looking to build equity. Featuring 1.5 baths, a 1-car attached garage, and a functional layout, this property provides a sold foundation to make it your own. Conveniently located near local schools, parks, and all the Uptown Marion amenities, the location adds even more value. Available for immediate possession, this estate property is being sold as-is and is ready for its next chapter. Bring your vision and unlock the possibilities! This property currently has an ACCEPTED OFFER and is still showing for back up offers.

Key facts

• 8,843 sq ft lot
• Garage
• Built 1964

Property features AI

Exterior

• Parking: Garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Single family residence; Residential property type
• Construction: Frame construction; Vinyl siding
• Exterior features: Fenced yard

Interior

• Kitchen: Range; Microwave
• Bedrooms: Total of 5 rooms (bedroom count not specified)
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Natural gas heating; Forced air heating; Central air conditioning
• Interior features: Disposal; Water softener (owned); Gas water heater
• Laundry & utility: Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $414 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $150k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.5% vs local median 2.8% in Marion — 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 84/100 on livability (#19 in IA, #633 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities D-, commute F.
• Marion Independent School District (suburban): math 68% / reading 70% proficiency, ranked #158 of 289 in IA (top 55%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Francis Marion Intermediate School (math 72% / reading 63%, grade B+, #270 of 616 statewide, top 44%, 269 students, 45% FRL); Vernon Middle School (math 66% / reading 65%, grade A-, #153 of 246 statewide, top 62%, 668 students, 40% FRL); Marion High School (math 69% / reading 80%, grade B+, #89 of 336 statewide, top 30%, 722 students, 28% FRL).
• Market conditions: Rents rising fast (+8.4%/yr); 461 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $43k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $18k; list at $155k implies a 749% gain — meaningful room to come down on a strong offer.

Recommended offer $150,350 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — 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: 1.23% ✓
• Cap rate: 9.50%
• Cash-on-cash: 11.44%
• DSCR: 1.51
• GRM: 6.8

CMA / ARV

• ARV (median comp): $207,650
• List price: $155,000
• Delta: -25.36%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1785 Valleyview Dr	0.23mi	4/2.0	1,740 (+2%)	7mo	$247,000	$142	76
1155 A Ave	0.30mi	3/2.0 (-1)	1,675 (-1%)	3mo	$240,000	$143	73
990 S 5th St	0.48mi	4/2.0	1,660 (-2%)	3mo	$221,000	$133	67
825 Westview Dr	0.29mi	4/2.0	1,594 (-6%)	6mo	$218,000	$137	67
1620 Hillcrest Ct	0.43mi	4/2.0	1,795 (+6%)	5mo	$315,000	$175	63
1105 S 15th St	0.27mi	4/2.0	1,530 (-10%)	7mo	$212,000	$139	62
1500 Pleasantview Dr	0.35mi	5/2.0 (+1)	1,809 (+6%)	4mo	$256,500	$142	60
180 21st St	0.54mi	4/1.5	1,577 (-7%)	2mo	$217,000	$138	59
2365 Hillview Dr	0.45mi	4/2.5	1,870 (+10%)	5mo	$260,000	$139	52
190 26th Street Ct	0.72mi	4/2.0	1,562 (-8%)	6mo	$237,500	$152	44
2610 Bullis Dr	0.59mi	3/2.0 (-1)	1,533 (-10%)	6mo	$239,336	$156	42
1405 5th Ave	0.64mi	3/2.0 (-1)	1,455 (-14%)	2mo	$80,000	$55	36

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: 6.4%
• Equity multiple: 1.26×
• Total profit: $11,367
• Equity at exit: $23,111

10-year hold

• IRR: 19.8%
• Equity multiple: 3.07×
• Total profit: $89,927
• Equity at exit: $13,402

Cash invested: $43,400 (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 52302

• Rents YoY: 8.4%
• Active inventory: 461
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,909 medium
• Mortgage (P&I): −$813
• Tax from tax record: −$217 /mo · $2,606/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$401
• Net cashflow: $414

Break-even live

Break-even rent $1,386

Max offer price $155,000

Occupancy floor 73%

Sensitivity live

Price	-10% $501	-5% $458	+0% $414	+5% $370	+10% $326
Rent	-10% $263	-5% $338	+0% $414	+5% $489	+10% $565
Rate	-1.0pp $492	-0.5pp $453	base $414	+0.5pp $374	+1.0pp $333

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3040 3rd Ave Marion, IA	3.0	2.0	1500	$1,450	$0.97	23d	1	1.01mi
1330 Brockman Ave Marion, IA	4.0	2.0	1590	$2,400	$1.51	15d	1	1.41mi

Listing history 15 events

1. 2026-06-15
   status $155,000 Pending 49 DOM
2. 2026-06-15
   days on market $155,000 Active 49 DOM
3. 2026-06-14
   days on market $155,000 Active 47 DOM
4. 2026-06-13
   days on market $155,000 Active 46 DOM
5. 2026-06-10
   days on market $155,000 Active 44 DOM
6. 2026-06-09
   days on market $155,000 Active 43 DOM
7. 2026-06-08
   days on market $155,000 Active 42 DOM
8. 2026-06-07
   days on market $155,000 Active 41 DOM
9. 2026-06-03
   days on market $155,000 Active 37 DOM
10. 2026-06-02
    days on market $155,000 Active 36 DOM
11. 2026-06-01
    days on market $155,000 Active 35 DOM
12. 2026-05-31
    days on market $155,000 Active 34 DOM
13. 2026-05-30
    days on market $155,000 Active 33 DOM
14. 2026-04-27
    listed $155,000 Active 699-char remark
15. 1972-07-24
    soldstatus $18,250

ⓘ 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: $2,606 · $217/mo
• Projected year-2 tax: $2,606 · $217/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 3/10 Moderate
• 🌡 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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,911
• − Mortgage interest: −$8,682
• − Property taxes: −$2,606
• − Insurance: −$775
• − Repairs & maintenance: −$1,833
• − Management: −$1,833
• − Depreciation: −$4,509
• Taxable income: $2,673
• Est. tax owed @ 24.0%: −$641
• After-tax cash flow: $4,323/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: Marion Independent School District
• NCES district ID: 1918690
• Math proficiency: 68% ▼ -6.00%
• Reading proficiency: 70% ▲ 2.00%
• Median HH income: $49,541
• Composite: 58.49/100
• National rank: #997
• State rank: #158 of 289 in IA

Livability — Marion

• Score: 84/100
• State rank: #19
• US rank: #633

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marion, IA
• County: Linn County · 179,860 people
• City population: 42,706
• Metro: Cedar Rapids, IA
• Population (ZIP): 42,706
• Household income: $87,983
• Rent vs Own: 22.6% rent · 77.4% own
• Severe rent burden: 940.0

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 (89%)
• Race & ethnicity: White 89% Two or more races 4% Hispanic / Latino 3% Black 3% Asian 2%
• Common ancestry: Portuguese 6% Iranian 3% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 1% Other Indo-European 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: ▼ -144.98%
• Current HPI: 199.2949
• Rent YoY: ▲ 8.37%
• 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

+749.3% since first listed

3 events — show timeline

• 2026-06-15 Pending — CRAAR, CDRMLS
• 2026-04-27 Listed $155,000 CRAAR, CDRMLS
• 1972-07-24 Sold (Public Records) $18,250 Public Records

Property tax history

+1.8%/yr

Latest (2025): $2,606 · -1.7% YoY. Source: county tax records.