517 14th St · Onawa, IA 51040

$134,500

3 bd · 2.0 ba · 2,032 sqft · SingleFamily public records · 3 Days on market

Built 1975 8,184 sqft lot $66/sqft · 52% below area Est $180k · 25% under ↓ 20% since listing

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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).

• Cash flow +16.9/30.0
• ARV discount +15.0/15.0
• Appreciation +5.4/10.0
• DSCR +5.3/10.0
• Schools +5.2/10.0
• 1% rule +4.8/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Nice 3 Bedroom Ranch. Nice kitchen and dining area with sliders to the deck. Well maintained. Nice size living room, vaulted ceiling. Nice family room in the basement with 3/4 Bath. Den/workout room. Workshop area. 2 stall attached garage and 1 stall detached with alley access. Some basement walls have wall anchor supports with a 22 year warranty left on them.

Key facts

• 8,184 sq ft lot
• 3 garage spots
• Built 1975

Property features AI

Exterior

• Parking: 3-car garage with garage door opener; Concrete garage floor
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Vinyl siding; Shingle roof; Partially finished below-grade area (60); Basement present
• Exterior features: Deck; Level lot

Interior

• Bathrooms: Two three-quarter bathrooms
• Heating & cooling: Electric forced air heating; Central air conditioning
• Interior features: Water softener; Partially finished basement; Smoke detector(s)
• Laundry & utility: Main level laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $134k.

Deal economics

• At list price, monthly cash flow is $88 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $131k (2.3% below list).
• Recommended offer: $131k (2.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 75/100 on livability (#223 in IA, #4,208 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment D-.
• West Monona Community School District (town): math 57% / reading 67% proficiency, ranked #240 of 289 in IA (top 83%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: West Monona Elementary (math 52% / reading 72%, grade B, #363 of 616 statewide, top 62%, 325 students, 47% FRL); West Monona Middle Sch (math 62% / reading 62%, grade B+, #175 of 246 statewide, top 72%, 105 students, 43% FRL); West Monona High School (math 57% / reading 67%, grade B-, #242 of 336 statewide, top 76%, 204 students, 50% FRL).
• Market conditions: 23 active listings in the ZIP; 9 units permitted in Monona County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($930 loan paydown + $1k appreciation (0.8% local appreciation)).
• Monona County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (0.8% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 3y 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.

Recommended offer $131,357 (2.3% below list)

Questions for the listing agent

1. Built in 1975 — 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. 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.
4. 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.
5. 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: 0.98% ✗
• Cap rate: 7.08%
• Cash-on-cash: 2.81%
• DSCR: 1.13
• GRM: 8.5

CMA / ARV

• ARV (median comp): $179,911
• List price: $134,500
• Delta: -16.90%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1415 Jasper St	0.08mi	2/2.0 (-1)	2,013 (-1%)	17mo	$195,000	$97	76
507 12th St	0.14mi	4/2.0 (+1)	1,824 (-10%)	5mo	$210,000	$115	68
311 15th St	0.16mi	3/2.0	1,781 (-12%)	8mo	$230,000	$129	66
614 9th St	0.32mi	3/2.0	2,088 (+3%)	22mo	$139,900	$67	62
904 12th St	0.34mi	3/2.0	1,762 (-13%)	6mo	$155,000	$88	57
700 7th St	0.47mi	3/1.8	1,914 (-6%)	23mo	$120,000	$63	48
1207 12th St	0.62mi	3/2.0	2,160 (+6%)	16mo	$244,900	$113	47
1103 7th St	0.70mi	3/1.0	1,818 (-10%)	5mo	$55,000	$30	42
1106 12th St	0.53mi	3/2.0	1,734 (-15%)	14mo	$250,000	$144	40
1016 13th St	0.47mi	3/1.8	1,768 (-13%)	22mo	$220,000	$124	38
1223 11th St	0.69mi	4/1.8 (+1)	1,798 (-12%)	18mo	$170,000	$95	28

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

Projected returns pro-forma

0.81% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.7%
• Equity multiple: 1.18×
• Total profit: $6,940
• Equity at exit: $44,614

10-year hold

• IRR: 8.3%
• Equity multiple: 1.99×
• Total profit: $37,168
• Equity at exit: $58,295

Cash invested: $37,660 (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 51040

• Home prices YoY: 0.4%
• Active inventory: 23
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,314 medium
• Mortgage (P&I): −$705
• Tax from tax record: −$188 /mo · $2,258/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $88

Break-even live

Break-even rent $1,202

Max offer price $134,500

Occupancy floor 88%

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: $33,625
• Closing costs: $4,035
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-18
   days on market $134,500 Active 3 DOM
2. 2026-06-17
   days on market $134,500 Active 2 DOM
3. 2026-06-16
   pricedays on marketlisting id $134,500 Active 1 DOM
4. 2026-06-15
   days on market $149,500 Active 48 DOM
5. 2026-06-13
   days on market $149,500 Active 46 DOM
6. 2026-06-12
   days on market $149,500 Active 45 DOM
7. 2026-06-09
   days on market $149,500 Active 42 DOM
8. 2026-06-08
   days on market $149,500 Active 41 DOM
9. 2026-06-07
   days on market $149,500 Active 40 DOM
10. 2026-06-07
    days on market $149,500 Active 39 DOM
11. 2026-06-04
    days on market $149,500 Active 36 DOM
12. 2026-06-02
    days on market $149,500 Active 35 DOM
13. 2026-06-01
    days on market $149,500 Active 34 DOM
14. 2026-05-31
    days on market $149,500 Active 33 DOM
15. 2026-05-31
    days on market $149,500 Active 32 DOM
16. 2026-04-28
    listed $149,500 Active 362-char remark
17. 2026-03-26
    listed $162,500 Active
18. 2025-07-09
    price $200,000
19. 2025-06-24
    price $215,950
20. 2025-05-20
    price $225,000
21. 2025-04-25
    listed $245,000 Active
22. 2023-03-27
    soldstatus $174,000
23. 2023-03-23
    soldstatus $174,000 Closed
24. 2023-01-21
    listed $169,000 Active

ⓘ 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: $2,258 · $188/mo
• Projected year-2 tax: $2,258 · $188/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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: $15,763
• − Mortgage interest: −$7,534
• − Property taxes: −$2,258
• − Insurance: −$672
• − Repairs & maintenance: −$1,261
• − Management: −$1,261
• − Depreciation: −$3,913
• Taxable loss: −$1,137
• Est. tax savings @ 24.0%: +$273
• After-tax cash flow: $1,331/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: West Monona Community School District
• NCES district ID: 1931110
• Math proficiency: 57% ▼ -1.00%
• Reading proficiency: 67% ▲ 1.00%
• Median HH income: $38,925
• Composite: 51.64/100
• National rank: #1697
• State rank: #240 of 289 in IA

Livability — Onawa

• Score: 75/100
• State rank: #223
• US rank: #4208

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Onawa, IA
• City population: 3,388
• Population (ZIP): 3,388

Population outlook (Monona County) Hauer SSP2

• Today (2025): 8,622 people
• By 2030: 8,419 · -2.4%
• By 2040: 7,994 · -7.3%
• By 2050: 7,586 · -12.0%
• By 2075: 7,204 · -16.4%
• By 2100: 6,612 · -23.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 6% Hispanic / Latino 2%
• Common ancestry: Lithuanian 2% Portuguese 2% Romanian 1%
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Monona

• 2024 margin: Solid R (+45.4) · D 26.8% · R 72.2% · Other 1.1%
• 2008→2024 swing: -43.0pp toward R · 2008: -2.4pp · 2024: -45.4pp
• All cycles: 2024: R+45.4 2020: R+38.9 2016: R+41.4 2012: R+9.7 2008: R+2.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.81%
• Current HPI: 217.2446
• 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

-20.4% since first listed

10 events — show timeline

• 2026-06-12 Listed $134,500 NWIA
• 2026-04-28 Listed $149,500 NWIA
• 2026-03-26 Listed $162,500 NWIA
• 2025-07-09 Price Changed $200,000 NWIA
• 2025-06-24 Price Changed $215,950 NWIA
• 2025-05-20 Price Changed $225,000 NWIA
• 2025-04-25 Listed $245,000 NWIA
• 2023-03-27 Sold (Public Records) $174,000 Public Records
• 2023-03-23 Sold (MLS) $174,000 NWIA
• 2023-01-21 Listed $169,000 NWIA

Property tax history

+3.8%/yr

Latest (2025): $2,258 · -0.4% YoY. Source: county tax records.