104 W Zickel St · Monroe, IA 50170

$125,000

2 bd · 1.0 ba · 568 sqft · SingleFamily public records · 30 Days on market

Built 1930 6,840 sqft lot

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Why this score? — see what drove the D 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).

• Appreciation +9.6/10.0
• Cash flow +7.5/30.0
• ARV discount +7.5/15.0
• Schools +6.0/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.6/10.0
• 1% rule +1.4/10.0

Listing remarks

This 1930 ranch offers one bedroom, a 3/4 bath, and a functional kitchen with included gas range and refrigerator. The living space is efficient, but the attached garage tells a different story. At 528 square feet, it's nearly as large as the home itself and ready for a vehicle, workshop, or serious storage. The fully fenced backyard features mature trees. The unfinished basement adds another 440 square feet of storage. Home is being sold "as-is" with inspection for buyer knowledge only. If you're looking for an affordable entry point in a small Iowa town, this one is worth a look. Reach out and schedule a showing today!

Key facts

• Functional kitchen
• Attached garage
• Unfinished basement

Tags

• FUNCTIONAL KITCHEN
• ATTACHED GARAGE
• FULLY FENCED BACKYARD
• MATURE TREES
• UNFINISHED BASEMENT
• SERIOUS STORAGE

Property features AI

Finance

• Financial info: Annual tax amount listed

Exterior

• Parking: Attached one-car garage
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Natural gas available
• Home design: Single-story home; Cement siding; Block foundation; Asphalt shingle roof; Zoned R
• Construction: Cement siding construction; Built with block foundation; Asphalt shingle roof
• Exterior features: Fully fenced yard; Chain-link full fence; Rectangular lot (60 x 114)

Interior

• Kitchen: Refrigerator; Stove
• Bedrooms: One main-level bedroom
• Bathrooms: One three-quarter bathroom
• Heating & cooling: Forced air heating (natural gas); Window cooling unit(s)
• Interior features: Unfinished basement; Smoke detector(s)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $-155 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $98k (22.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $80k (35.8% below list).
• Recommended offer: $80k (35.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 79/100 on livability (#118 in IA, #2,215 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, cost of living A+; Watch: amenities F, commute F.
• Pcm Community School District (rural): math 65% / reading 75% proficiency, ranked #124 of 289 in IA (top 43%) — strong family-tenant draw, lease renewals of 3-5y typical; only 18% free/reduced lunch — higher-income household profile.
• Market conditions: 36 active listings in the ZIP; 16 units permitted in Jasper County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $12k of equity ($864 loan paydown + $12k appreciation (9.3% local appreciation)).
• Jasper County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 3, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $80,282 (35.8% 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 1930 — 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 A-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: 0.64% ✗
• Cap rate: 4.80%
• Cash-on-cash: -5.33%
• DSCR: 0.76
• GRM: 13.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

9.3% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.9%
• Equity multiple: 2.49×
• Total profit: $52,183
• Equity at exit: $106,263

10-year hold

• IRR: 17.6%
• Equity multiple: 5.57×
• Total profit: $160,042
• Equity at exit: $222,727

Cash invested: $35,000 (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 50170

• Home prices YoY: 3.6%
• Active inventory: 36
• Price-to-rent: 13.0×

Monthly cashflow live

• Estimated rent: $803 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$82 /mo · $984/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$169
• Net cashflow: $-155

Break-even live

Break-even rent $999

Max offer price $97,553

Occupancy floor —

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-19
   days on market $125,000 Active 30 DOM
2. 2026-06-18
   days on market $125,000 Active 29 DOM
3. 2026-06-17
   days on market $125,000 Active 28 DOM
4. 2026-06-16
   days on market $125,000 Active 27 DOM
5. 2026-06-15
   days on market $125,000 Active 26 DOM
6. 2026-06-14
   days on market $125,000 Active 24 DOM
7. 2026-06-12
   days on market $125,000 Active 23 DOM
8. 2026-06-09
   days on market $125,000 Active 20 DOM
9. 2026-06-08
   days on market $125,000 Active 19 DOM
10. 2026-06-07
    days on market $125,000 Active 18 DOM
11. 2026-06-07
    days on market $125,000 Active 17 DOM
12. 2026-06-03
    days on market $125,000 Active 14 DOM
13. 2026-06-02
    days on market $125,000 Active 13 DOM
14. 2026-06-01
    days on market $125,000 Active 12 DOM
15. 2026-05-31
    days on market $125,000 Active 11 DOM
16. 2026-05-30
    days on market $125,000 Active 10 DOM
17. 2026-05-20
    listed $125,000 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: $984 · $82/mo
• Projected year-2 tax: $1,473 · $123/mo
• Expected delta: +$489/yr (+$41/mo · 49.7%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥105°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: $9,634
• − Mortgage interest: −$7,002
• − Property taxes: −$984
• − Insurance: −$625
• − Repairs & maintenance: −$771
• − Management: −$771
• − Depreciation: −$3,636
• Taxable loss: −$4,155
• Est. tax savings @ 24.0%: +$997
• After-tax cash flow: $-867/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: Pcm Community School District
• NCES district ID: 1999017
• Math proficiency: 65% ▼ -6.00%
• Reading proficiency: 75% ▲ 2.00%
• Median HH income: $60,380
• Composite: 60.32/100
• National rank: #851
• State rank: #124 of 289 in IA

Livability — Monroe

• Score: 79/100
• State rank: #118
• US rank: #2215

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: Monroe, IA
• Population (ZIP): 2,914

Population outlook (Jasper County) Hauer SSP2

• Today (2025): 36,216 people
• By 2030: 35,730 · -1.3%
• By 2040: 34,727 · -4.1%
• By 2050: 33,802 · -6.7%
• By 2075: 33,382 · -7.8%
• By 2100: 32,761 · -9.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 1% Asian 1%
• Common ancestry: Iranian 12% Italian 6% Romanian 3%
• Foreign-born: 1%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Jasper

• 2024 margin: Strong R (+27.6) · D 35.4% · R 63.0% · Other 1.5%
• 2008→2024 swing: -35.1pp toward R · 2008: 7.5pp · 2024: -27.6pp
• All cycles: 2024: R+27.6 2020: R+21.5 2016: R+18.4 2012: D+7.1 2008: D+7.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 9.30%
• Current HPI: 266.6155
• 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

1 event — show timeline

• 2026-05-20 Listed $125,000 DMMLS

Property tax history

+3.3%/yr

Latest (2025): $984 · +0.0% YoY. Source: county tax records.