611 Broadway St · Brooklyn, IA 52211

$155,000

3 bd · 1.0 ba · 1,450 sqft · SingleFamily public records · 194 Days on market

Built 1919 6,970 sqft lot $107/sqft · 65% above area Est $188k · 17% 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 +9.5/30.0
• Appreciation +9.3/10.0
• Schools +6.2/10.0
• Livability +3.3/5.0
• 1% rule +2.8/10.0
• DSCR +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to 611 Broadway St. Upon Entering this spacious home off of the full length enclosed front porch you will find a floor plan that flows nicely from the living room area into the dining room as well into the nice sized kitchen with space for additional seating. Upstairs offers three good sized bedrooms along with a full bathroom. The attic is finished off and makes for a great bonus room to be used for whatever you choose. Keep yourself and your vehicle out of the elements in the nice attached garage. This home has had several plumbing and electrical updates, along with a new furnace in 2021, and Radon mitigation system. Now it is waiting for you to add your own finishing touches and call it home for yourself.

Key facts

• New furnace
• Finished attic
• Attached garage

Tags

• FINISHED ATTIC
• ATTACHED GARAGE
• NEW FURNACE
• RADON MITIGATION SYSTEM

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $-109 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $136k (12.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $121k (21.7% below list).
• Recommended offer: $121k (21.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 66/100 on livability (#509 in IA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D+, amenities F, commute F.
• Brooklyn-Guernsey-Malcom Community School District (rural): math 72% / reading 74% proficiency, ranked #101 of 289 in IA (top 35%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 57 active listings in the ZIP; 27 units permitted in Poweshiek County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $14k of equity ($1k loan paydown + $13k appreciation (8.6% local appreciation)).
• Poweshiek County population projected to shrink 3% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 3, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 194 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y ago; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1919 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $121,324 (21.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 194 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. Built in 1919 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 0.78% ✗
• Cap rate: 5.45%
• Cash-on-cash: -3.01%
• DSCR: 0.87
• GRM: 10.6

CMA / ARV

• ARV (median comp): $187,708
• List price: $155,000
• Delta: -17.42%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
710 Clay St	0.11mi	4/2.0 (+1)	1,404 (-3%)	4mo	$150,000	$107	77
704 Clay St	0.11mi	3/1.5	1,593 (+10%)	13mo	$73,000	$46	66
610 E Pershing Drive Dr	0.20mi	3/1.0	1,620 (+12%)	8mo	$170,000	$105	65
905 Middle St	0.42mi	3/1.0	1,256 (-13%)	9mo	$150,000	$119	50
501 N Orchard St N	0.41mi	2/2.0 (-1)	1,320 (-9%)	9mo	$166,900	$126	50

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

Projected returns pro-forma

8.56% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 19.0%
• Equity multiple: 2.44×
• Total profit: $62,534
• Equity at exit: $123,722

10-year hold

• IRR: 17.7%
• Equity multiple: 5.31×
• Total profit: $187,047
• Equity at exit: $251,506

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 52211

• Home prices YoY: 2.6%
• Active inventory: 57
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,213 medium
• Mortgage (P&I): −$813
• Tax from tax record: −$190 /mo · $2,280/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $-109

Break-even live

Break-even rent $1,351

Max offer price $135,752

Occupancy floor —

Sensitivity live

Price	-10% $-21	-5% $-65	+0% $-109	+5% $-153	+10% $-197
Rent	-10% $-205	-5% $-157	+0% $-109	+5% $-61	+10% $-13
Rate	-1.0pp $-31	-0.5pp $-70	base $-109	+0.5pp $-149	+1.0pp $-190

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: —

Listing history 22 events

1. 2026-06-21
   days on market $155,000 Active 194 DOM
2. 2026-06-18
   days on market $155,000 Active 192 DOM
3. 2026-06-17
   days on market $155,000 Active 191 DOM
4. 2026-06-16
   days on market $155,000 Active 190 DOM
5. 2026-06-15
   days on market $155,000 Active 189 DOM
6. 2026-06-13
   days on market $155,000 Active 187 DOM
7. 2026-06-12
   days on market $155,000 Active 186 DOM
8. 2026-06-09
   days on market $155,000 Active 183 DOM
9. 2026-06-08
   days on market $155,000 Active 182 DOM
10. 2026-06-07
    days on market $155,000 Active 181 DOM
11. 2026-06-07
    pricedays on market $155,000 Active 180 DOM
12. 2026-06-04
    days on market $160,000 Active 177 DOM
13. 2026-06-02
    days on market $160,000 Active 176 DOM
14. 2026-06-01
    days on market $160,000 Active 175 DOM
15. 2026-05-31
    days on market $160,000 Active 174 DOM
16. 2026-05-31
    days on market $160,000 Active 173 DOM
17. 2026-01-18
    price $160,000 725-char remark

    Show marketing remark (725 chars)

    Welcome to 611 Broadway St. Upon Entering this spacious home off of the full length enclosed front porch you will find a floor plan that flows nicely from the living room area into the dining room as well into the nice sized kitchen with space for additional seating. Upstairs offers three good sized bedrooms along with a full bathroom. The attic is finished off and makes for a great bonus room to be used for whatever you choose. Keep yourself and your vehicle out of the elements in the nice attached garage. This home has had several plumbing and electrical updates, along with a new furnace in 2021, and Radon mitigation system. Now it is waiting for you to add your own finishing touches and call it home for yourself.

18. 2025-12-08
    listed $170,000 Active 725-char remark

    Show marketing remark (725 chars)

    Welcome to 611 Broadway St. Upon Entering this spacious home off of the full length enclosed front porch you will find a floor plan that flows nicely from the living room area into the dining room as well into the nice sized kitchen with space for additional seating. Upstairs offers three good sized bedrooms along with a full bathroom. The attic is finished off and makes for a great bonus room to be used for whatever you choose. Keep yourself and your vehicle out of the elements in the nice attached garage. This home has had several plumbing and electrical updates, along with a new furnace in 2021, and Radon mitigation system. Now it is waiting for you to add your own finishing touches and call it home for yourself.

19. 2021-12-30
    soldstatus $150,000 521-char remark

    Show marketing remark (521 chars)

    Are you looking for old world charm with some tasteful updates? This is a must see in the heart of Brooklyn! Updated kitchen with beautiful backsplash. Eat in the kitchen or enjoy a large formal dining room with sliding doors to beautiful deck. 2 car attached garage with alley access. 3 generous sized bedrooms, large remodeled bathroom. Bonus finished walk up attic area. Heat and A/C are ran to that attic. Beautiful original hardwood throughout. Must see to appreciate! Call your Realtor for a personal showing today!

20. 2021-12-30
    soldstatus $150,000

    Show marketing remark (521 chars)

    Are you looking for old world charm with some tasteful updates? This is a must see in the heart of Brooklyn! Updated kitchen with beautiful backsplash. Eat in the kitchen or enjoy a large formal dining room with sliding doors to beautiful deck. 2 car attached garage with alley access. 3 generous sized bedrooms, large remodeled bathroom. Bonus finished walk up attic area. Heat and A/C are ran to that attic. Beautiful original hardwood throughout. Must see to appreciate! Call your Realtor for a personal showing today!

21. 2021-10-13
    listed $161,000 521-char remark

    Show marketing remark (521 chars)

    Are you looking for old world charm with some tasteful updates? This is a must see in the heart of Brooklyn! Updated kitchen with beautiful backsplash. Eat in the kitchen or enjoy a large formal dining room with sliding doors to beautiful deck. 2 car attached garage with alley access. 3 generous sized bedrooms, large remodeled bathroom. Bonus finished walk up attic area. Heat and A/C are ran to that attic. Beautiful original hardwood throughout. Must see to appreciate! Call your Realtor for a personal showing today!

22. 2007-01-23
    soldstatus $97,000

ⓘ 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: $2,280 · $190/mo
• Projected year-2 tax: $2,357 · $196/mo
• Expected delta: +$77/yr (+$6/mo · 3.4%)

ⓘ 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,559
• − Mortgage interest: −$8,682
• − Property taxes: −$2,280
• − Insurance: −$775
• − Repairs & maintenance: −$1,165
• − Management: −$1,165
• − Depreciation: −$4,509
• Taxable loss: −$4,017
• Est. tax savings @ 24.0%: +$964
• After-tax cash flow: $-343/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: Brooklyn-Guernsey-Malcom Community School District
• NCES district ID: 1905490
• Math proficiency: 72% ▼ -4.00%
• Reading proficiency: 74% ▲ 2.00%
• Median HH income: $49,307
• Composite: 61.79/100
• National rank: #734
• State rank: #101 of 289 in IA

Livability — Brooklyn

• Score: 66/100
• State rank: #509
• US rank: #11267

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Brooklyn, IA
• Population (ZIP): 2,671

Population outlook (Poweshiek County) Hauer SSP2

• Today (2025): 18,601 people
• By 2030: 18,342 · -1.4%
• By 2040: 17,944 · -3.5%
• By 2050: 18,029 · -3.1%
• By 2075: 19,945 · +7.2%
• By 2100: 22,637 · +21.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (98%)
• Race & ethnicity: White 98% Hispanic / Latino 2%
• Common ancestry: English 4% Slovak 3% Iranian 2%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Poweshiek

• 2024 margin: R (+17.0) · D 40.8% · R 57.8% · Other 1.5%
• 2008→2024 swing: -28.7pp toward R · 2008: 11.8pp · 2024: -17.0pp
• All cycles: 2024: R+17.0 2020: R+13.3 2016: R+6.8 2012: D+9.1 2008: D+11.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.56%
• Current HPI: 332.4308
• 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

+64.9% since first listed

6 events — show timeline

• 2026-01-18 Price Changed $160,000 IAR
• 2025-12-08 Listed $170,000 IAR
• 2021-12-30 Sold (Public Records) $150,000 Public Records
• 2021-12-30 Sold (MLS) $150,000 DMMLS
• 2021-10-13 Listed $161,000 DMMLS
• 2007-01-23 Sold (Public Records) $97,000 Public Records

Property tax history

+1.3%/yr

Latest (2025): $2,280 · -21.0% YoY. Source: county tax records.