5712 Golden Ct #59 · Cedar Rapids, IA 52402

$123,900

2 bd · 2.0 ba · 1,136 sqft · Condo public records · 33 Days on market

Built 1977 $109/sqft · 5% above area Est $118k · 5% over $220/mo HOA · 18% of rent

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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 +9.5/30.0
• Schools +6.6/10.0
• ARV discount +5.2/15.0
• Rent growth +5.0/5.0
• 1% rule +4.8/10.0
• Livability +3.9/5.0
• DSCR +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this beautifully updated upper-level condo located on the Northeast side of Cedar Rapids. Featuring 2 bedrooms and 2 remodeled bathrooms, this move-in ready condo offers comfort, style, and convenience. The updated kitchen is designed with the baker or cook in mind, showcasing white cabinetry, modern finishes, and great workspace for cooking and entertaining. Enjoy the spacious living area with access to the balcony — perfect for relaxing mornings or evenings. The rear of the condo offers wonderful green space to enjoy the outdoors and peaceful setting. Additional highlights include a laundry room, two large storage closets, and a detached 1-car garage. Conveniently located near restaurants, shopping, and walking trails, this condo offers easy living in a desirable location. HOA allows for 1 cat and no dogs. No rentals. HOA monthly fee includes water, trash, sewer, lawn & snow removal and building insurance.

Key facts

• Spacious living area
• Laundry room
• Updated kitchen

Tags

• UPDATED KITCHEN
• SPACIOUS LIVING AREA
• LAUNDRY ROOM
• LARGE STORAGE CLOSETS
• DETACHED GARAGE
• CONVENIENTLY LOCATED

Property features AI

Finance

• HOA & community: Homeowners association with annual fee of $2,640 (approx. $220/month); HOA covers trash, grounds maintenance, sewer, water, and structure maintenance

Exterior

• Parking: 1 parking space; Off-street parking; On-street parking
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Sewer available
• Home design: Residential condominium; Condominium common interest
• Construction: Brick and frame construction
• Exterior features: Balcony; Patio; Located on a cul-de-sac; Sidewalks; Street lights

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air; Ceiling fans; Electric heating; Natural gas heating; Baseboard heating
• Interior features: Other interior features; Smoke detectors
• Laundry & utility: Laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $124k.

Deal economics

• At list price, monthly cash flow is $-87 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $109k (12.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $121k (2.3% below list).
• Recommended offer: $109k (12.4% below list) — sets the bar for cash-flow.
• Cap rate 5.4% 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.
• Linn-Mar Community School District (suburban): math 75% / reading 76% proficiency, ranked #44 of 289 in IA (top 15%) — strong family-tenant draw, lease renewals of 3-5y typical; only 16% free/reduced lunch — higher-income household profile.
• Zoned schools: Westfield Elementary School (math 87% / reading 77%, grade A+, #44 of 616 statewide, top 9%, 506 students, 20% FRL) — zoned schools at 20% FRL track the district average.
• Market conditions: Rents rising fast (+11.0%/yr); 286 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 $857 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 33 days — a 3% lower offer ($120k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Recommended offer $108,512 (12.4% 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 33 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.98% ✗
• Cap rate: 5.45%
• Cash-on-cash: -3.01%
• DSCR: 0.87
• GRM: 8.5

CMA / ARV

• ARV (median comp): $117,892
• List price: $123,900
• Delta: 5.10%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -14.6%
• Equity multiple: 0.45×
• Total profit: $-19,095
• Equity at exit: $18,474

10-year hold

• IRR: 1.9%
• Equity multiple: 1.17×
• Total profit: $5,886
• Equity at exit: $10,713

Cash invested: $34,692 (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: 8.5×

Monthly cashflow live

• Estimated rent: $1,210 high
• Mortgage (P&I): −$650
• Tax from tax record: −$122 /mo · $1,464/yr
• Insurance: −$52
• HOA: −$220
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $-87

Break-even live

Break-even rent $1,321

Max offer price $108,512

Occupancy floor —

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: $30,975
• Closing costs: $3,717
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
663 Boyson Rd NE Cedar Rapids, IA	3.0	2.0	1344	$1,765	$1.31	13d	1	0.67mi
400 Lindale Dr Marion, IA	3.0	2.0	942	$1,092	$1.16	13d	1	0.88mi
127 Southview Dr Marion, IA	2.0	1.0	1230	$950	$0.77	43d	1	1.13mi
1020 Twixt Town Rd Marion, IA	1.0	1.0	1230	$825	$0.67	13d	1	1.15mi
4341 1st Ave SE Cedar Rapids, IA	2.0	1.0	610	$1,000	$1.64	43d	1	1.17mi
4521 Rushmore Dr NE Unit D Cedar Rapids, IA	2.0	1.5	700	$895	$1.28	43d	1	1.31mi

HOA detail condo

• Monthly dues: $220 · $2,640/yr
• Likely covers: watersewertrashsnow removalinsurance
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 18 events

1. 2026-06-17
   status $123,900 Pending 33 DOM

   Show marketing remark (949 chars)

   Welcome home to this beautifully updated upper-level condo located on the Northeast side of Cedar Rapids. Featuring 2 bedrooms and 2 remodeled bathrooms, this move-in ready condo offers comfort, style, and convenience. The updated kitchen is designed with the baker or cook in mind, showcasing white cabinetry, modern finishes, and great workspace for cooking and entertaining. Enjoy the spacious living area with access to the balcony — perfect for relaxing mornings or evenings. The rear of the condo offers wonderful green space to enjoy the outdoors and peaceful setting. Additional highlights include a laundry room, two large storage closets, and a detached 1-car garage. Conveniently located near restaurants, shopping, and walking trails, this condo offers easy living in a desirable location. HOA allows for 1 cat and no dogs. No rentals. HOA monthly fee includes water, trash, sewer, lawn & snow removal and building insurance.

2. 2026-06-17
   days on market $123,900 Active 33 DOM

   Show marketing remark (949 chars)

   Welcome home to this beautifully updated upper-level condo located on the Northeast side of Cedar Rapids. Featuring 2 bedrooms and 2 remodeled bathrooms, this move-in ready condo offers comfort, style, and convenience. The updated kitchen is designed with the baker or cook in mind, showcasing white cabinetry, modern finishes, and great workspace for cooking and entertaining. Enjoy the spacious living area with access to the balcony — perfect for relaxing mornings or evenings. The rear of the condo offers wonderful green space to enjoy the outdoors and peaceful setting. Additional highlights include a laundry room, two large storage closets, and a detached 1-car garage. Conveniently located near restaurants, shopping, and walking trails, this condo offers easy living in a desirable location. HOA allows for 1 cat and no dogs. No rentals. HOA monthly fee includes water, trash, sewer, lawn & snow removal and building insurance.

3. 2026-06-16
   days on market $123,900 Active 32 DOM
4. 2026-06-15
   days on market $123,900 Active 31 DOM
5. 2026-06-14
   days on market $123,900 Active 29 DOM
6. 2026-06-13
   days on market $123,900 Active 28 DOM
7. 2026-06-10
   days on market $123,900 Active 26 DOM
8. 2026-06-09
   days on market $123,900 Active 25 DOM
9. 2026-06-08
   days on market $123,900 Active 24 DOM
10. 2026-06-07
    days on market $123,900 Active 23 DOM
11. 2026-06-05
    days on market $123,900 Active 20 DOM
12. 2026-06-03
    days on market $123,900 Active 19 DOM
13. 2026-06-02
    days on market $123,900 Active 18 DOM
14. 2026-06-01
    days on market $123,900 Active 17 DOM
15. 2026-05-31
    days on market $123,900 Active 16 DOM
16. 2026-05-30
    days on market $123,900 Active 15 DOM
17. 2026-05-15
    listed $123,900 Active 949-char remark

    Show marketing remark (949 chars)

    Welcome home to this beautifully updated upper-level condo located on the Northeast side of Cedar Rapids. Featuring 2 bedrooms and 2 remodeled bathrooms, this move-in ready condo offers comfort, style, and convenience. The updated kitchen is designed with the baker or cook in mind, showcasing white cabinetry, modern finishes, and great workspace for cooking and entertaining. Enjoy the spacious living area with access to the balcony — perfect for relaxing mornings or evenings. The rear of the condo offers wonderful green space to enjoy the outdoors and peaceful setting. Additional highlights include a laundry room, two large storage closets, and a detached 1-car garage. Conveniently located near restaurants, shopping, and walking trails, this condo offers easy living in a desirable location. HOA allows for 1 cat and no dogs. No rentals. HOA monthly fee includes water, trash, sewer, lawn & snow removal and building insurance.

18. 2026-05-15
    listed $123,900 Active 854-char remark

    Show marketing remark (949 chars)

    Welcome home to this beautifully updated upper-level condo located on the Northeast side of Cedar Rapids. Featuring 2 bedrooms and 2 remodeled bathrooms, this move-in ready condo offers comfort, style, and convenience. The updated kitchen is designed with the baker or cook in mind, showcasing white cabinetry, modern finishes, and great workspace for cooking and entertaining. Enjoy the spacious living area with access to the balcony — perfect for relaxing mornings or evenings. The rear of the condo offers wonderful green space to enjoy the outdoors and peaceful setting. Additional highlights include a laundry room, two large storage closets, and a detached 1-car garage. Conveniently located near restaurants, shopping, and walking trails, this condo offers easy living in a desirable location. HOA allows for 1 cat and no dogs. No rentals. HOA monthly fee includes water, trash, sewer, lawn & snow removal and building insurance.

ⓘ 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: $1,464 · $122/mo
• Projected year-2 tax: $1,705 · $142/mo
• Expected delta: +$241/yr (+$20/mo · 16.4%)

ⓘ 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 3/10 Moderate
• 🌡 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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,526
• − Mortgage interest: −$6,940
• − Property taxes: −$1,464
• − Insurance: −$620
• − Repairs & maintenance: −$1,162
• − Management: −$1,162
• − HOA: −$2,640
• − Depreciation: −$3,604
• Taxable loss: −$3,067
• Est. tax savings @ 24.0%: +$736
• After-tax cash flow: $-309/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: Linn-Mar Community School District
• NCES district ID: 1917220
• Math proficiency: 75% ▼ -7.00%
• Reading proficiency: 76% ▼ -5.00%
• Median HH income: $72,473
• Composite: 66.08/100
• National rank: #440
• State rank: #44 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

+0.0% since first listed

4 events — show timeline

• 2026-06-17 Pending — ICAARMLS
• 2026-06-17 Pending — CRAAR, CDRMLS
• 2026-05-15 Listed $123,900 CRAAR, CDRMLS
• 2026-05-15 Listed $123,900 ICAARMLS

Property tax history

+0.3%/yr

Latest (2025): $1,464 · +4.6% YoY. Source: county tax records.