619 Polk St · Iowa Falls, IA 50126

$94,900

3 bd · 1.0 ba · 2,182 sqft · SingleFamily public records · 32 Days on market

Built 1918 3,828 sqft lot Est $159k · 40% 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 +28.3/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.6/10.0
• Schools +5.6/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this charming and newly remodeled 4-bedroom, 1-bath property in Iowa Falls! This move-in ready home features gorgeous refinished hardwood floors that flow throughout the upper level, highlighting the character and warmth of the space. The main floor offers two comfortable bedrooms, formal dining, living room, a full bathroom, and convenient main floor laundry hookups—no hauling baskets up and down stairs. The kitchen and living areas blend modern touches with the home’s original, exterior charm, creating a cozy and welcoming atmosphere. Upstairs, you’ll find two additional bedrooms, perfect for kids, guests, a home office, or hobby space. Outside, the classic exterior details give this home wonderful curb appeal, and the single-stall garage provides added storage and off-street parking. With its tasteful updates, thoughtful layout, and inviting character, this home is truly move-in ready and waiting for its new owners!

Key facts

• Formal dining room
• Single-stall garage
• 3,828 sq ft lot

Tags

• REFINISHED HARDWOOD FLOORS
• MAIN FLOOR LAUNDRY HOOKUPS
• FORMAL DINING ROOM
• SINGLE-STALL GARAGE
• CLASSIC EXTERIOR DETAILS

Property features AI

Exterior

• Parking: Detached carport; 1 carport space
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property; Zoned R-1
• Construction: Wood siding exterior; Brick/mortar foundation
• Exterior features: Concrete road access; Shingle roof

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas heating; No cooling
• Interior features: Gas water heater; Forced air heating; Natural gas heating; No central cooling; Unfinished block basement
• Laundry & utility: Laundry on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $306 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $92k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.2% vs local median 3.8% in Iowa Falls — 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 77/100 on livability (#172 in IA, #3,097 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D, amenities F, commute F.
• Iowa Falls Community School District (town): math 62% / reading 71% proficiency, ranked #184 of 289 in IA (top 64%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Iowa Falls - Alden High School (math 60% / reading 78%, grade B, #176 of 336 statewide, top 53%, 412 students, 35% FRL) — zoned schools at 35% FRL track the district average.
• Market conditions: 92 active listings in the ZIP; 6 units permitted in Hardin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $656 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Hardin County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y ago; this cycle's ask has dropped $5k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $25k; list at $95k implies a 280% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1918 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $92,053 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 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 1918 — 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. 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: 1.26% ✓
• Cap rate: 10.16%
• Cash-on-cash: 13.80%
• DSCR: 1.61
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $159,286
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
605 Stevens Street	0.22mi	4/1.0 (+1)	2,200 (+1%)	7mo	$132,500	$60	77
516 Hickory St	0.17mi	4/2.0 (+1)	2,250 (+3%)	8mo	$221,900	$99	71
112 Mildred Ave	0.47mi	3/1.5	2,170 (-0%)	12mo	$157,500	$73	65
229 Law Ave	0.39mi	4/1.5 (+1)	2,278 (+4%)	10mo	$95,000	$42	59
226 Elm	0.28mi	2/2.0 (-1)	2,288 (+5%)	14mo	$152,000	$66	58
1707 Crescent Dr	0.50mi	4/2.0 (+1)	2,276 (+4%)	3mo	$210,000	$92	58
216 Washington Ave	0.47mi	3/2.0	2,284 (+5%)	13mo	$163,900	$72	55
522 Main St	0.25mi	4/1.5 (+1)	2,494 (+14%)	8mo	$216,700	$87	51
420 School St	0.63mi	3/3.0	2,117 (-3%)	12mo	$237,000	$112	48
515 Bliss Blvd	0.67mi	4/1.5 (+1)	2,284 (+5%)	12mo	$84,000	$37	44
452 Lincoln Ave	0.57mi	3/2.0	2,480 (+14%)	7mo	$180,500	$73	41
1319 Scenic View Dr	0.65mi	4/3.0 (+1)	1,880 (-14%)	7mo	$357,000	$190	28

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.0%
• Equity multiple: 1.15×
• Total profit: $4,089
• Equity at exit: $14,150

10-year hold

• IRR: 13.5%
• Equity multiple: 2.08×
• Total profit: $28,648
• Equity at exit: $8,205

Cash invested: $26,572 (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 50126

• Active inventory: 92
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,195 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$101 /mo · $1,214/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$251
• Net cashflow: $306

Break-even live

Break-even rent $808

Max offer price $94,900

Occupancy floor 69%

Sensitivity live

Price	-10% $359	-5% $332	+0% $306	+5% $279	+10% $252
Rent	-10% $211	-5% $258	+0% $306	+5% $353	+10% $400
Rate	-1.0pp $353	-0.5pp $330	base $306	+0.5pp $281	+1.0pp $256

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: $23,725
• Closing costs: $2,847
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-21
   pricedays on market $94,900 Active 32 DOM
2. 2026-06-18
   days on market $99,900 Active 30 DOM
3. 2026-06-17
   days on market $99,900 Active 29 DOM
4. 2026-06-16
   days on market $99,900 Active 28 DOM
5. 2026-06-15
   days on market $99,900 Active 27 DOM
6. 2026-06-13
   days on market $99,900 Active 25 DOM
7. 2026-06-12
   days on market $99,900 Active 24 DOM
8. 2026-06-09
   days on market $99,900 Active 21 DOM
9. 2026-06-08
   days on market $99,900 Active 20 DOM
10. 2026-06-07
    days on market $99,900 Active 19 DOM
11. 2026-06-07
    days on market $99,900 Active 18 DOM
12. 2026-06-04
    days on market $99,900 Active 15 DOM
13. 2026-06-02
    days on market $99,900 Active 14 DOM
14. 2026-06-01
    days on market $99,900 Active 13 DOM
15. 2026-05-31
    days on market $99,900 Active 12 DOM
16. 2026-05-31
    days on market $99,900 Active 11 DOM
17. 2026-05-19
    listed $99,900 Active 966-char remark

    Show marketing remark (966 chars)

    Welcome home to this charming and newly remodeled 4-bedroom, 1-bath property in Iowa Falls! This move-in ready home features gorgeous refinished hardwood floors that flow throughout the upper level, highlighting the character and warmth of the space. The main floor offers two comfortable bedrooms, formal dining, living room, a full bathroom, and convenient main floor laundry hookups—no hauling baskets up and down stairs. The kitchen and living areas blend modern touches with the home’s original, exterior charm, creating a cozy and welcoming atmosphere. Upstairs, you’ll find two additional bedrooms, perfect for kids, guests, a home office, or hobby space. Outside, the classic exterior details give this home wonderful curb appeal, and the single-stall garage provides added storage and off-street parking. With its tasteful updates, thoughtful layout, and inviting character, this home is truly move-in ready and waiting for its new owners!

18. 2026-05-19
    listed $99,900 Active

    Show marketing remark (966 chars)

    Welcome home to this charming and newly remodeled 4-bedroom, 1-bath property in Iowa Falls! This move-in ready home features gorgeous refinished hardwood floors that flow throughout the upper level, highlighting the character and warmth of the space. The main floor offers two comfortable bedrooms, formal dining, living room, a full bathroom, and convenient main floor laundry hookups—no hauling baskets up and down stairs. The kitchen and living areas blend modern touches with the home’s original, exterior charm, creating a cozy and welcoming atmosphere. Upstairs, you’ll find two additional bedrooms, perfect for kids, guests, a home office, or hobby space. Outside, the classic exterior details give this home wonderful curb appeal, and the single-stall garage provides added storage and off-street parking. With its tasteful updates, thoughtful layout, and inviting character, this home is truly move-in ready and waiting for its new owners!

19. 2019-12-23
    soldstatus $25,000 248-char remark

    Show marketing remark (248 chars)

    This 3 bedroom home has open living room and dining area with large kitchen and main floor laundry. Hardwood floors upstairs and down. also great rental possibilities only 2 blocks from college campus. this property is a fixer upper and a must see.

20. 2019-10-01
    listed $37,900 248-char remark

    Show marketing remark (248 chars)

    This 3 bedroom home has open living room and dining area with large kitchen and main floor laundry. Hardwood floors upstairs and down. also great rental possibilities only 2 blocks from college campus. this property is a fixer upper and a must see.

21. 2015-04-20
    soldstatus $55,000

ⓘ 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: $1,214 · $101/mo
• Projected year-2 tax: $1,352 · $113/mo
• Expected delta: +$138/yr (+$11/mo · 11.4%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥102°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: $14,338
• − Mortgage interest: −$5,316
• − Property taxes: −$1,214
• − Insurance: −$474
• − Repairs & maintenance: −$1,147
• − Management: −$1,147
• − Depreciation: −$2,761
• Taxable income: $2,279
• Est. tax owed @ 24.0%: −$547
• After-tax cash flow: $3,120/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: Iowa Falls Community School District
• NCES district ID: 1914730
• Math proficiency: 62% ▼ -9.00%
• Reading proficiency: 71% ▼ -5.00%
• Median HH income: $46,696
• Composite: 56.12/100
• National rank: #1182
• State rank: #184 of 289 in IA

Livability — Iowa Falls

• Score: 77/100
• State rank: #172
• US rank: #3097

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Iowa Falls, IA
• City population: 6,362
• Population (ZIP): 6,362

Population outlook (Hardin County) Hauer SSP2

• Today (2025): 17,474 people
• By 2030: 17,369 · -0.6%
• By 2040: 17,018 · -2.6%
• By 2050: 16,454 · -5.8%
• By 2075: 14,665 · -16.1%
• By 2100: 12,404 · -29.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 7% Two or more races 2% Black 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 1%
• Common ancestry: Portuguese 6% Iranian 3% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Hardin

• 2024 margin: Solid R (+38.4) · D 30.3% · R 68.7% · Other 1.1%
• 2008→2024 swing: -39.3pp toward R · 2008: 0.9pp · 2024: -38.4pp
• All cycles: 2024: R+38.4 2020: R+32.0 2016: R+29.2 2012: R+7.1 2008: D+0.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -87.54%
• Current HPI: 146.3741
• 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

+81.6% since first listed

5 events — show timeline

• 2026-05-19 Listed $99,900 NEIRBR as distributed by MLS GRID
• 2026-05-19 Listed $99,900 IAR
• 2019-12-23 Sold (MLS) $25,000 IAR
• 2019-10-01 Listed $37,900 IAR
• 2015-04-20 Sold (Public Records) $55,000 Public Records

Property tax history

+1.3%/yr

Latest (2025): $1,214 · +4.8% YoY. Source: county tax records.