1215 19th Ave SW · Cedar Rapids, IA 52404

$100,000

2 bd · 1.0 ba · 936 sqft · SingleFamily public records · 2 Days on market

Built 1900 5,663 sqft lot Est $161k · 38% 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 +26.9/30.0
• ARV discount +15.0/15.0
• DSCR +9.3/10.0
• 1% rule +7.2/10.0
• Rent growth +4.7/5.0
• Schools +4.7/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come see this move in condition 3 bedroom 1 bath home! Is is fabulous for someone just starting out or looking to downsizing. There have been many wonderful updates to home. Including flooring, kitchen, furnace and electrical. The backyard is a peaceful oasis that is shaded and quiet. Why rent when you can own for less and make this home your own!

Key facts

• Functional layout
• Updated bathroom
• 5,663 sq ft lot

Tags

• FUNCTIONAL LAYOUT
• UPDATED BATHROOM
• FURNACE AND CENTRAL A/C

Property features AI

Exterior

• Parking: Off-street parking; No garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one-half levels; 1 story total
• Construction: Frame and stone construction
• Exterior features: 40 x 140 lot; 0.13-acre lot

Interior

• Kitchen: Dishwasher; Range; Range hood; Refrigerator
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Forced air heating; Central air conditioning
• Interior features: Eat-in kitchen; Full basement
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $278 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Cap rate 9.6% 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: Grant Elementary School (math 37% / reading 32%, grade F, #595 of 616 statewide, top 97%, 320 students, 72% FRL); Wilson Middle School (math 42% / reading 49%, grade D+, #231 of 246 statewide, top 94%, 395 students, 72% FRL); Thomas Jefferson High School (math 41% / reading 62%, grade D+, #307 of 336 statewide, top 91%, 1,543 students, 56% FRL) — zoned schools average 67% FRL vs 43% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+8.8%/yr); 415 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 45d 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 $691 of loan paydown is wiped out by about $3k 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 $28k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 12y ago 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.
• Current owner paid $66k; list at $100k implies a 50% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $100,000

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.22% ✓
• Cap rate: 9.63%
• Cash-on-cash: 11.93%
• DSCR: 1.53
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $160,992
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1244 19 Ave Ave SW	0.07mi	2/2.0	905 (-3%)	4mo	$158,500	$175	84
1255 20th Ave SW	0.10mi	2/1.0	986 (+5%)	7mo	$48,000	$49	80
716 9th St St	0.69mi	2/1.0	972 (+4%)	2mo	$153,500	$158	60
657 16th Ave Ave SW	0.39mi	1/1.0 (-1)	864 (-8%)	4mo	$64,000	$74	60
1703 14th Ave SW	0.48mi	3/1.0 (+1)	1,008 (+8%)	2mo	$175,000	$174	58
1206 18th St SW	0.61mi	3/1.0 (+1)	920 (-2%)	6mo	$165,000	$179	58
2417 Illinois St SW	0.66mi	3/1.0 (+1)	976 (+4%)	6mo	$168,000	$172	52
1426 N St SW	0.71mi	2/1.0	864 (-8%)	5mo	$124,250	$144	50
826 SW 10th St	0.58mi	2/1.0	800 (-14%)	0mo	$140,000	$175	48
2430 Linwood St SW	0.63mi	3/1.0 (+1)	845 (-10%)	3mo	$140,000	$166	47
915 8th St St SW	0.62mi	2/1.0	1,040 (+11%)	8mo	$133,500	$128	46
2504 Linwood St SW	0.66mi	3/1.0 (+1)	1,041 (+11%)	1mo	$185,000	$178	45

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: 6.9%
• Equity multiple: 1.28×
• Total profit: $7,972
• Equity at exit: $14,910

10-year hold

• IRR: 20.2%
• Equity multiple: 3.11×
• Total profit: $59,103
• Equity at exit: $8,646

Cash invested: $28,000 (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 52404

• Rents YoY: 8.8%
• Active inventory: 415
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,217 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$117 /mo · $1,404/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $278

Break-even live

Break-even rent $865

Max offer price $100,000

Occupancy floor 72%

Sensitivity live

Price	-10% $335	-5% $307	+0% $278	+5% $250	+10% $222
Rent	-10% $182	-5% $230	+0% $278	+5% $326	+10% $375
Rate	-1.0pp $329	-0.5pp $304	base $278	+0.5pp $252	+1.0pp $226

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
640 16th Ave SW Cedar Rapids, IA	1.0	1.0	595	$850	$1.43	44d	2	0.40mi
612 4th Ave SW Unit 612 Upper Cedar Rapids, IA	2.0	1.0	616	$2,000	$3.25	22d	1	0.88mi
400 2nd St SW Cedar Rapids, IA	1.0	1.0	615	$1,195	$1.94	22d	1	1.13mi
417 9th St NW Cedar Rapids, IA	3.0	1.0	1061	$1,300	$1.23	44d	1	1.15mi

Listing history 9 events

1. 2026-05-14
   status Pending
2. 2026-05-12
   listed $100,000 Active
3. 2017-08-16
   soldstatus $66,500
4. 2017-08-14
   soldstatus $66,500 351-char remark

   Show marketing remark (351 chars)

   Come see this move in condition 3 bedroom 1 bath home! Is is fabulous for someone just starting out or looking to downsizing. There have been many wonderful updates to home. Including flooring, kitchen, furnace and electrical. The backyard is a peaceful oasis that is shaded and quiet. Why rent when you can own for less and make this home your own!

5. 2017-06-07
   listed $68,000 351-char remark

   Show marketing remark (351 chars)

   Come see this move in condition 3 bedroom 1 bath home! Is is fabulous for someone just starting out or looking to downsizing. There have been many wonderful updates to home. Including flooring, kitchen, furnace and electrical. The backyard is a peaceful oasis that is shaded and quiet. Why rent when you can own for less and make this home your own!

6. 2014-09-02
   soldstatus $55,000
7. 2014-03-14
   soldstatus $34,300 333-char remark

   Show marketing remark (333 chars)

   HOME IS SOLD AS IS". THIS PROPERTY WAS BUILT BEFORE 1978 SO THE POTENTIAL FOR LEADBASE PAINT EXISTS. PRE-QUALIFICATION LETTER OR PROOF OF FUND ALONG WITH EARNEST MONEY DEPOSIT REQUIRED WITH ALL OFFERS. Home has updated cabinets, 1 large bedroom upstairs would make a great master bedroom. with the large you could add a garage.

8. 2014-01-17
   listed $34,300 333-char remark

   Show marketing remark (333 chars)

   HOME IS SOLD AS IS". THIS PROPERTY WAS BUILT BEFORE 1978 SO THE POTENTIAL FOR LEADBASE PAINT EXISTS. PRE-QUALIFICATION LETTER OR PROOF OF FUND ALONG WITH EARNEST MONEY DEPOSIT REQUIRED WITH ALL OFFERS. Home has updated cabinets, 1 large bedroom upstairs would make a great master bedroom. with the large you could add a garage.

9. 2009-03-03
   soldstatus $65,500

ⓘ 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: $1,404 · $117/mo
• Projected year-2 tax: $1,487 · $124/mo
• Expected delta: +$83/yr (+$7/mo · 5.9%)

ⓘ 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 ≥103°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: $14,605
• − Mortgage interest: −$5,602
• − Property taxes: −$1,404
• − Insurance: −$500
• − Repairs & maintenance: −$1,168
• − Management: −$1,168
• − Depreciation: −$2,909
• Taxable income: $1,853
• Est. tax owed @ 24.0%: −$445
• After-tax cash flow: $2,896/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): 42,958
• Household income: $61,870
• Rent vs Own: 33.9% rent · 66.1% own
• Severe rent burden: 1041.0

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 (74%)
• Race & ethnicity: White 74% Black 10% Two or more races 10% Hispanic / Latino 7%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Portuguese 3% Lithuanian 2% Romanian 2%
• Foreign-born: 8% · Canada
• Languages at home: 90% English-only · Spanish 3% French/Haitian/Cajun 2% Other Asian/Pacific 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: ▼ -154.96%
• Current HPI: 241.81
• Rent YoY: ▲ 8.79%
• 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

+52.7% since first listed

9 events — show timeline

• 2026-05-14 Pending — CRAAR, CDRMLS
• 2026-05-12 Listed $100,000 CRAAR, CDRMLS
• 2017-08-16 Sold (Public Records) $66,500 Public Records
• 2017-08-14 Sold (MLS) $66,500 CRAAR, CDRMLS
• 2017-06-07 Listed $68,000 CRAAR, CDRMLS
• 2014-09-02 Sold (Public Records) $55,000 Public Records
• 2014-03-14 Sold (MLS) $34,300 CRAAR, CDRMLS
• 2014-01-17 Listed $34,300 CRAAR, CDRMLS
• 2009-03-03 Sold (Public Records) $65,500 Public Records

Property tax history

+1.2%/yr

Latest (2025): $1,404 · +2.3% YoY. Source: county tax records.