512 S Main St · Tripoli, IA 50676

$134,900

3 bd · 1.0 ba · 1,896 sqft · SingleFamily public records · 120 Days on market

Built 1888 0.30 ac lot $71/sqft · at area comps Est $140k · at est.

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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 +15.8/30.0
• ARV discount +9.1/15.0
• Appreciation +5.5/10.0
• Schools +5.3/10.0
• DSCR +4.9/10.0
• 1% rule +4.0/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

PRICE REDUCED another $4100.00 A good 2 story 3-4 bedroom home w/ walk up attic, located on a 67' X 198' lot. Original woodwork and hardwood floors. New windows except for attic. New roof in 2021. Aluminum siding. Many updates including kitchen. Laundry on main floor. Good block foundation with insulated basement walls. Lots of new wiring. Large lot with room for a garden and a new garage. Downtown is only 21/2 blocks away. Library is 1/2 block away. Tripoli indoor pool is across the street. Tripoli Community Schools are 3 blocks Southwest. Take a look at this good livable home.

Key facts

• Walk up attic
• Kitchen updates
• Original woodwork

Tags

• WALK UP ATTIC
• ORIGINAL WOODWORK
• HARDWOOD FLOORS
• NEW WINDOWS
• NEW ROOF
• KITCHEN UPDATES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $62 ($741/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 $121k (10.1% below list).
• Recommended offer: $121k (10.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 77/100 on livability (#171 in IA, #3,086 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Tripoli Community School District (rural): math 56% / reading 67% proficiency, ranked #226 of 289 in IA (top 78%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 9 active listings in the ZIP; 34 units permitted in Bremer County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($933 loan paydown + $1k appreciation (1.0% local appreciation)).
• Bremer County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (1.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 120 days — a 9% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $20k; list at $135k implies a 574% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1888 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $121,320 (10.1% below list)

Questions for the listing agent

1. It's been on market 120 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. Built in 1888 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.90% ✗
• Cap rate: 6.84%
• Cash-on-cash: 1.96%
• DSCR: 1.09
• GRM: 9.3

CMA / ARV

• ARV (median comp): $139,905
• List price: $134,900
• Delta: -3.58%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
606 S Main St	0.04mi	4/1.0 (+1)	1,814 (-4%)	8mo	$22,500	$12	80
309 SE 2nd St	0.23mi	3/1.5	1,916 (+1%)	12mo	$137,500	$72	75
1006 SE 1st St	0.35mi	3/2.0	1,858 (-2%)	2mo	$239,900	$129	75
808 S Main St	0.21mi	3/1.5	1,976 (+4%)	10mo	$123,500	$63	73
1106 2nd Street St SE	0.43mi	3/1.5	1,806 (-5%)	1mo	$181,500	$100	69
600 SW 1st Ave	0.39mi	3/1.0	1,820 (-4%)	23mo	$152,000	$84	56
408 SE 4th Ave	0.27mi	4/3.0 (+1)	1,724 (-9%)	7mo	$95,000	$55	53

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

Projected returns pro-forma

0.98% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.3%
• Equity multiple: 1.17×
• Total profit: $6,292
• Equity at exit: $45,880

10-year hold

• IRR: 7.8%
• Equity multiple: 1.94×
• Total profit: $35,665
• Equity at exit: $60,838

Cash invested: $37,772 (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 50676

• Home prices YoY: 0.5%
• Active inventory: 9
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,213 medium
• Mortgage (P&I): −$707
• Tax from tax record: −$133 /mo · $1,596/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $62

Break-even live

Break-even rent $1,135

Max offer price $134,900

Occupancy floor 90%

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-09
   days on market $134,900 Active 120 DOM
2. 2026-06-08
   days on market $134,900 Active 119 DOM
3. 2026-06-07
   days on market $134,900 Active 118 DOM
4. 2026-06-07
   days on market $134,900 Active 117 DOM
5. 2026-06-04
   days on market $134,900 Active 114 DOM
6. 2026-06-02
   days on market $134,900 Active 113 DOM
7. 2026-06-01
   days on market $134,900 Active 112 DOM
8. 2026-05-31
   days on market $134,900 Active 111 DOM
9. 2026-05-31
   days on market $134,900 Active 110 DOM
10. 2026-04-02
    price $134,900 586-char remark

    Show marketing remark (586 chars)

    PRICE REDUCED another $4100.00 A good 2 story 3-4 bedroom home w/ walk up attic, located on a 67' X 198' lot. Original woodwork and hardwood floors. New windows except for attic. New roof in 2021. Aluminum siding. Many updates including kitchen. Laundry on main floor. Good block foundation with insulated basement walls. Lots of new wiring. Large lot with room for a garden and a new garage. Downtown is only 21/2 blocks away. Library is 1/2 block away. Tripoli indoor pool is across the street. Tripoli Community Schools are 3 blocks Southwest. Take a look at this good livable home.

11. 2026-02-27
    price $139,000 586-char remark

    Show marketing remark (586 chars)

    PRICE REDUCED another $4100.00 A good 2 story 3-4 bedroom home w/ walk up attic, located on a 67' X 198' lot. Original woodwork and hardwood floors. New windows except for attic. New roof in 2021. Aluminum siding. Many updates including kitchen. Laundry on main floor. Good block foundation with insulated basement walls. Lots of new wiring. Large lot with room for a garden and a new garage. Downtown is only 21/2 blocks away. Library is 1/2 block away. Tripoli indoor pool is across the street. Tripoli Community Schools are 3 blocks Southwest. Take a look at this good livable home.

12. 2026-02-09
    listed $149,000 Active 586-char remark

    Show marketing remark (586 chars)

    PRICE REDUCED another $4100.00 A good 2 story 3-4 bedroom home w/ walk up attic, located on a 67' X 198' lot. Original woodwork and hardwood floors. New windows except for attic. New roof in 2021. Aluminum siding. Many updates including kitchen. Laundry on main floor. Good block foundation with insulated basement walls. Lots of new wiring. Large lot with room for a garden and a new garage. Downtown is only 21/2 blocks away. Library is 1/2 block away. Tripoli indoor pool is across the street. Tripoli Community Schools are 3 blocks Southwest. Take a look at this good livable home.

13. 2018-01-11
    soldstatus $20,000
14. 2015-10-23
    soldstatus $20,000

ⓘ 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: $1,596 · $133/mo
• Projected year-2 tax: $1,857 · $155/mo
• Expected delta: +$261/yr (+$22/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 2/10 Low 7 d/yr ≥100°F today · 16 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: $14,558
• − Mortgage interest: −$7,556
• − Property taxes: −$1,596
• − Insurance: −$674
• − Repairs & maintenance: −$1,165
• − Management: −$1,165
• − Depreciation: −$3,924
• Taxable loss: −$1,522
• Est. tax savings @ 24.0%: +$365
• After-tax cash flow: $1,107/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: Tripoli Community School District
• NCES district ID: 1928050
• Math proficiency: 56% ▼ -6.00%
• Reading proficiency: 67% ▲ 7.00%
• Median HH income: $53,773
• Composite: 52.64/100
• National rank: #1555
• State rank: #226 of 289 in IA

Livability — Tripoli

• Score: 77/100
• State rank: #171
• US rank: #3086

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tripoli, IA
• Population (ZIP): 2,128

Population outlook (Bremer County) Hauer SSP2

• Today (2025): 25,557 people
• By 2030: 25,842 · +1.1%
• By 2040: 26,206 · +2.5%
• By 2050: 26,620 · +4.2%
• By 2075: 27,635 · +8.1%
• By 2100: 28,760 · +12.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 6% Hispanic / Latino 1%
• Common ancestry: Portuguese 5% Romanian 4% Lithuanian 2%
• Languages at home: 99% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Bremer

• 2024 margin: Strong R (+22.2) · D 38.3% · R 60.5% · Other 1.3%
• 2008→2024 swing: -31.5pp toward R · 2008: 9.3pp · 2024: -22.2pp
• All cycles: 2024: R+22.2 2020: R+16.1 2016: R+13.9 2012: D+2.5 2008: D+9.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.98%
• Current HPI: 188.7982
• 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

+574.5% since first listed

5 events — show timeline

• 2026-04-02 Price Changed $134,900 NEIRBR as distributed by MLS GRID
• 2026-02-27 Price Changed $139,000 NEIRBR as distributed by MLS GRID
• 2026-02-09 Listed $149,000 NEIRBR as distributed by MLS GRID
• 2018-01-11 Sold (Public Records) $20,000 Public Records
• 2015-10-23 Sold (Public Records) $20,000 Public Records

Property tax history

+4.5%/yr

Latest (2025): $1,596 · +25.9% YoY. Source: county tax records.