1434 Oakland Road Rd NE · Cedar Rapids, IA 52402

$154,900

2 bd · 1.0 ba · 938 sqft · SingleFamily public records · 1 Days on market

Built 1947 0.33 ac lot Est $138k · 12% over

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Why this score? — see what drove the F 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 +10.2/30.0
• Rent growth +5.0/5.0
• Schools +4.7/10.0
• Livability +3.9/5.0
• DSCR +2.9/10.0
• 1% rule +2.5/10.0
• Condition / age +2.5/5.0
• ARV discount +1.9/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 2 bedroom (plus 1 non-conforming bedroom) home is conveniently located close to Interstate 380 and 2 grocery stores, while being close to several parks and only 3 blocks from the Cedar River Trail. This solid steel-beamed home with a poured concrete foundation has been updated with newer A/C, newer furnace, newer appliances and a thoroughly updated electric service. New kitchen flooring and refinished wood flooring is paired with a freshly painted main level and kitchen, that is complemented by a three-seasons porch that faces out to a private backyard and garden sitting on a third of an acre. (The additional eighty square foot three-seasons porch is not included in the total square footage. ) The full basement has also been recently painted and provides plenty of room for storage or activities. A surprising amount of space awaits the new owner of this beautiful home!

Key facts

• Newer furnace
• Newer appliances
• Newer a/c

Tags

• SOLID STEEL-BEAMED HOME
• POURED CONCRETE FOUNDATION
• NEWER A/C
• NEWER FURNACE
• NEWER APPLIANCES
• UPDATED ELECTRIC SERVICE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $-87 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $139k (10.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $116k (25.4% below list).
• Recommended offer: $116k (25.4% below list) — sets the bar for 1% rule.
• Cap rate 5.6% 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: Garfield Elementary School (math 32% / reading 32%, grade F, #601 of 616 statewide, top 98%, 214 students, 79% FRL); Franklin Middle School (math 49% / reading 59%, grade B-, #206 of 246 statewide, top 84%, 537 students, 56% FRL); George Washington High School (math 44% / reading 62%, grade C-, #296 of 336 statewide, top 88%, 1,291 students, 49% FRL) — zoned schools average 61% FRL vs 43% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+11.0%/yr); 291 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% 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.
• 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.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $115,623 (25.4% 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. Built in 1947 — 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 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.75% ✗
• Cap rate: 5.62%
• Cash-on-cash: -2.42%
• DSCR: 0.89
• GRM: 11.2

CMA / ARV

• ARV (on-the-fly): $137,886
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1434 Oakland Road Rd NE	0.00mi	2/1.0	1,030 (+10%)	1mo	$160,000	$155	83
1510 Maplewood Dr NE	0.13mi	2/1.0	1,047 (+12%)	7mo	$179,900	$172	68
1228 Oakland Rd Rd NE	0.16mi	2/1.0	816 (-13%)	4mo	$120,000	$147	68
2041 Sharwood Dr NE	0.55mi	3/1.0 (+1)	929 (-1%)	2mo	$159,950	$172	66
2935 Wildwood Ct NE	0.28mi	2/1.0	1,034 (+10%)	6mo	$150,000	$145	65
1522 J Ave NE	0.34mi	2/1.0	852 (-9%)	6mo	$127,500	$150	64
1839 K Ave NE	0.49mi	3/1.0 (+1)	972 (+4%)	6mo	$160,000	$165	61
923 Oakland Rd NE	0.51mi	2/1.0	836 (-11%)	2mo	$4,201	$5	56
1311 I Ave Ave NE	0.47mi	1/2.0 (-1)	978 (+4%)	7mo	$127,200	$130	56
1051 12th St St NE	0.42mi	2/1.0	816 (-13%)	7mo	$43,500	$53	53
1046 12th St NE	0.41mi	2/2.0	1,058 (+13%)	5mo	$137,500	$130	52
1126 32nd St NE	0.60mi	3/1.0 (+1)	820 (-13%)	7mo	$52,000	$63	40

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: -15.3%
• Equity multiple: 0.43×
• Total profit: $-24,584
• Equity at exit: $23,096

10-year hold

• IRR: -0.2%
• Equity multiple: 0.98×
• Total profit: $-870
• Equity at exit: $13,393

Cash invested: $43,372 (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: 291
• Price-to-rent: 11.2×

Monthly cashflow live

• Estimated rent: $1,156 high
• Mortgage (P&I): −$812
• Tax from tax record: −$124 /mo · $1,488/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$243
• Net cashflow: $-87

Break-even live

Break-even rent $1,267

Max offer price $139,455

Occupancy floor —

Sensitivity live

Price	-10% $0	-5% $-44	+0% $-87	+5% $-131	+10% $-175
Rent	-10% $-179	-5% $-133	+0% $-87	+5% $-42	+10% $4
Rate	-1.0pp $-9	-0.5pp $-48	base $-87	+0.5pp $-128	+1.0pp $-168

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1220 Sierra Dr NE Cedar Rapids, IA	1.0–2.0	1.0–2.0	985	$1,000	$1.02	45d	1	0.52mi
511 23rd St NE Cedar Rapids, IA	2.0	1.0	888	$1,500	$1.69	45d	1	0.88mi
4025 Sherman St NE Cedar Rapids, IA	1.0–2.0	1.0–1.5	742	$1,083	$1.46	15d	1	1.08mi
306 29th Street Dr SE Cedar Rapids, IA	2.0	1.0	1100	$850	$0.77	22d	1	1.42mi
4521 Rushmore Dr NE Unit D Cedar Rapids, IA	2.0	1.5	700	$895	$1.28	45d	1	1.44mi

Listing history 4 events

1. 2026-04-27
   status Pending

   Show marketing remark (885 chars)

   This 2 bedroom (plus 1 non-conforming bedroom) home is conveniently located close to Interstate 380 and 2 grocery stores, while being close to several parks and only 3 blocks from the Cedar River Trail. This solid steel-beamed home with a poured concrete foundation has been updated with newer A/C, newer furnace, newer appliances and a thoroughly updated electric service. New kitchen flooring and refinished wood flooring is paired with a freshly painted main level and kitchen, that is complemented by a three-seasons porch that faces out to a private backyard and garden sitting on a third of an acre. (The additional eighty square foot three-seasons porch is not included in the total square footage. ) The full basement has also been recently painted and provides plenty of room for storage or activities. A surprising amount of space awaits the new owner of this beautiful home!

2. 2026-04-27
   status Pending 885-char remark

   Show marketing remark (885 chars)

   This 2 bedroom (plus 1 non-conforming bedroom) home is conveniently located close to Interstate 380 and 2 grocery stores, while being close to several parks and only 3 blocks from the Cedar River Trail. This solid steel-beamed home with a poured concrete foundation has been updated with newer A/C, newer furnace, newer appliances and a thoroughly updated electric service. New kitchen flooring and refinished wood flooring is paired with a freshly painted main level and kitchen, that is complemented by a three-seasons porch that faces out to a private backyard and garden sitting on a third of an acre. (The additional eighty square foot three-seasons porch is not included in the total square footage. ) The full basement has also been recently painted and provides plenty of room for storage or activities. A surprising amount of space awaits the new owner of this beautiful home!

3. 2026-04-26
   listed $154,900 Active 885-char remark

   Show marketing remark (885 chars)

   This 2 bedroom (plus 1 non-conforming bedroom) home is conveniently located close to Interstate 380 and 2 grocery stores, while being close to several parks and only 3 blocks from the Cedar River Trail. This solid steel-beamed home with a poured concrete foundation has been updated with newer A/C, newer furnace, newer appliances and a thoroughly updated electric service. New kitchen flooring and refinished wood flooring is paired with a freshly painted main level and kitchen, that is complemented by a three-seasons porch that faces out to a private backyard and garden sitting on a third of an acre. (The additional eighty square foot three-seasons porch is not included in the total square footage. ) The full basement has also been recently painted and provides plenty of room for storage or activities. A surprising amount of space awaits the new owner of this beautiful home!

4. 2026-04-26
   listed $154,900 Active

   Show marketing remark (885 chars)

   This 2 bedroom (plus 1 non-conforming bedroom) home is conveniently located close to Interstate 380 and 2 grocery stores, while being close to several parks and only 3 blocks from the Cedar River Trail. This solid steel-beamed home with a poured concrete foundation has been updated with newer A/C, newer furnace, newer appliances and a thoroughly updated electric service. New kitchen flooring and refinished wood flooring is paired with a freshly painted main level and kitchen, that is complemented by a three-seasons porch that faces out to a private backyard and garden sitting on a third of an acre. (The additional eighty square foot three-seasons porch is not included in the total square footage. ) The full basement has also been recently painted and provides plenty of room for storage or activities. A surprising amount of space awaits the new owner of this beautiful home!

ⓘ 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: $1,488 · $124/mo
• Projected year-2 tax: $1,960 · $163/mo
• Expected delta: +$472/yr (+$39/mo · 31.7%)

ⓘ 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 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,875
• − Mortgage interest: −$8,677
• − Property taxes: −$1,488
• − Insurance: −$774
• − Repairs & maintenance: −$1,110
• − Management: −$1,110
• − Depreciation: −$4,506
• Taxable loss: −$3,791
• Est. tax savings @ 24.0%: +$910
• After-tax cash flow: $-139/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): 42,938
• 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

• 2026-04-27 Pending — ICAARMLS
• 2026-04-27 Pending — CRAAR, CDRMLS
• 2026-04-26 Listed $154,900 CRAAR, CDRMLS
• 2026-04-26 Listed $154,900 ICAARMLS

Property tax history

-1.6%/yr

Latest (2025): $1,488 · -4.9% YoY. Source: county tax records.