17368 214th St · Eldridge, IA 52807

$85,000

2 bd · 1.0 ba · 728 sqft · SingleFamily public records · 2 Days on market

Built 1962 0.58 ac lot

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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 +18.7/30.0
• ARV discount +7.5/15.0
• Schools +6.8/10.0
• DSCR +5.9/10.0
• 1% rule +5.5/10.0
• Livability +3.7/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This nice little 2 bedroom home would make a nice starter home or retirement home. Featuring a 2 car garage, big kitchen, and has a country feel sitting only minutes from town. See attachment for PAS requirements and WFHM offer submittal information in MLS document section. To report any concerns with a listing broker/agent or to report any property condition or other concern needing escalation

Key facts

• Half-acre lot
• Attached garage
• Full renovation

Tags

• HALF-ACRE LOT
• NORTH SCOTT SCHOOL DISTRICT
• FULL RENOVATION
• ABUNDANT STORAGE SPACE
• ATTACHED GARAGE

Property features AI

Finance

• HOA & community: Street paved; No master association fee required

Exterior

• Parking: Attached garage; Gravel parking; 2 garage spaces (2 total parking spaces)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story
• Construction: Built 61–70 years ago; Vinyl siding; Asphalt roof; Block foundation
• Exterior features: Level lot; Chain-link fenced yard

Interior

• Kitchen: Range; Gas cooktop; Gas oven; Disposal
• Bedrooms: 2 bedrooms (both on the main level)
• Flooring: Carpet; Laminate (kitchen)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); Window cooling units
• Interior features: First-floor bedroom; First-floor full bathroom; Storm door(s); Ceiling fan(s); Sump pump; Water softener (owned); Gas water heater; Unfinished full basement
• Laundry & utility: Main-level laundry; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $83 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($896 rent vs $85k).
• Cap rate 7.5% vs local median 0.9% in Eldridge — 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 74/100 on livability (#254 in IA, #4,919 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety F.
• North Scott Community School District (other): math 76% / reading 80% proficiency, ranked #34 of 289 in IA (top 12%) — strong family-tenant draw, lease renewals of 3-5y typical; only 19% free/reduced lunch — higher-income household profile.
• Zoned schools: Alan Shepard Elementary School (math 84% / reading 79%, grade A+, #60 of 616 statewide, top 10%, 451 students, 15% FRL); North Scott Junior High School (math 75% / reading 81%, grade A+, #49 of 246 statewide, top 20%, 541 students, 24% FRL); North Scott High School (math 76% / reading 86%, grade A, #28 of 336 statewide, top 8%, 1,059 students, 21% FRL) — zoned schools at 20% FRL track the district average.
• Market conditions: Rents rising (+2.8%/yr); 114 active listings in the ZIP; 805 units permitted in Scott County in 2024 (479 in 5+ unit buildings).
• This rent is only 15% of the median local income ($73k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $588 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Scott County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 11y ago; this cycle's ask is 5212% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $55k; list at $85k implies a 55% gain — meaningful room to come down on a strong offer.

Recommended offer $85,000

Questions for the listing agent

1. Built in 1962 — 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 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?
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: 1.05% ✓
• Cap rate: 7.47%
• Cash-on-cash: 4.21%
• DSCR: 1.19
• GRM: 7.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.84% rent growth · sell at horizon

5-year hold

• IRR: -9.9%
• Equity multiple: 0.64×
• Total profit: $-8,564
• Equity at exit: $12,674

10-year hold

• IRR: -0.6%
• Equity multiple: 0.96×
• Total profit: $-1,053
• Equity at exit: $7,349

Cash invested: $23,800 (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 52807

• Home prices YoY: -15.1%
• Rents YoY: 2.8%
• Active inventory: 114
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $896 medium
• Mortgage (P&I): −$446
• Tax from tax record: −$143 /mo · $1,716/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$188
• Net cashflow: $83

Break-even live

Break-even rent $790

Max offer price $85,000

Occupancy floor 86%

Sensitivity live

Price	-10% $132	-5% $108	+0% $83	+5% $59	+10% $35
Rent	-10% $13	-5% $48	+0% $83	+5% $119	+10% $154
Rate	-1.0pp $126	-0.5pp $105	base $83	+0.5pp $61	+1.0pp $39

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-05-20
   listed $85,000 Active
2. 2015-08-24
   soldstatus $54,900 397-char remark

   Show marketing remark (397 chars)

   This nice little 2 bedroom home would make a nice starter home or retirement home. Featuring a 2 car garage, big kitchen, and has a country feel sitting only minutes from town. See attachment for PAS requirements and WFHM offer submittal information in MLS document section. To report any concerns with a listing broker/agent or to report any property condition or other concern needing escalation

3. 2015-05-18
   listed $54,900 397-char remark

   Show marketing remark (397 chars)

   This nice little 2 bedroom home would make a nice starter home or retirement home. Featuring a 2 car garage, big kitchen, and has a country feel sitting only minutes from town. See attachment for PAS requirements and WFHM offer submittal information in MLS document section. To report any concerns with a listing broker/agent or to report any property condition or other concern needing escalation

ⓘ 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: $1,716 · $143/mo
• Projected year-2 tax: $1,716 · $143/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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,749
• − Mortgage interest: −$4,761
• − Property taxes: −$1,716
• − Insurance: −$425
• − Repairs & maintenance: −$860
• − Management: −$860
• − Depreciation: −$2,473
• Taxable loss: −$346
• Est. tax savings @ 24.0%: +$83
• After-tax cash flow: $1,085/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: North Scott Community School District
• NCES district ID: 1920940
• Math proficiency: 76% ▼ -7.00%
• Reading proficiency: 80% ▼ -1.00%
• Median HH income: $66,209
• Composite: 67.54/100
• National rank: #371
• State rank: #34 of 289 in IA

Livability — Eldridge

• Score: 74/100
• State rank: #254
• US rank: #4919

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Scott County · 144,583 people
• Metro: Davenport-Moline-Rock Island, IA-IL
• Population (ZIP): 15,617
• Household income: $72,579
• Rent vs Own: 52.9% rent · 47.1% own
• Severe rent burden: 823.0

Population outlook (Scott County) Hauer SSP2

• Today (2025): 188,878 people
• By 2030: 196,648 · +4.1%
• By 2040: 210,860 · +11.6%
• By 2050: 224,359 · +18.8%
• By 2075: 258,884 · +37.1%
• By 2100: 286,447 · +51.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 8% Black 8% Two or more races 7% Asian 2%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Romanian 3% Slovak 3% Portuguese 2%
• Foreign-born: 4% · Canada, United Kingdom
• Languages at home: 91% English-only · Spanish 5% French/Haitian/Cajun 1% Other Asian/Pacific 1%

Political lean MEDSL · Scott

• 2024 margin: Toss-up / Even · D 47.3% · R 51.2% · Other 1.4%
• 2008→2024 swing: -18.4pp toward R · 2008: 14.6pp · 2024: -3.9pp
• All cycles: 2024: R+3.9 2020: D+3.5 2016: D+1.4 2012: D+13.8 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -38.61%
• Current HPI: 217.4307
• Rent YoY: ▲ 2.84%
• Metro: Davenport-Moline-Rock Island, IA-IL
• 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

-97.1% since first listed

5 events — show timeline

• 2026-05-26 Listed for Rent $1,600 APPFOLIO
• 2026-05-22 Pending — MRED as Distributed by MLS Grid
• 2026-05-20 Listed $85,000 MRED as Distributed by MLS Grid
• 2015-08-24 Sold (MLS) $54,900 Muscatine BOR
• 2015-05-18 Listed $54,900 Muscatine BOR

Property tax history

+2.7%/yr

Latest (2025): $1,716 · +1.8% YoY. Source: county tax records.