3701 2nd st Lot 44 St · Coralville, IA 52241

$25,000

2 bd · 2.0 ba · 1,560 sqft · Other public records · 56 Days on market

Built 1995 ↓ 52% since listing

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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).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• Schools +6.4/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +4.5/5.0
• Rent growth +4.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 3701 2nd Street Lot 319 in Coralville. This well-cared-for 3-bedroom, 2-bathroom mobile home offers a comfortable and affordable living option on leased land. Built in 1996 and consistently updated over time—including a newer roof and regular preventative maintenance—this home is truly move-in ready. Inside, you'll find an open concept living space, a functional kitchen, and a spacious primary suite. A bonus room with French doors just off the main living area adds extra flexibility, perfect for a home office or additional living space. Outdoors, enjoy a back deck for relaxing, a decent-sized storage shed, and off-street parking. The community features a pool and playground. For Sale As-Is. Buyer must receive park approval to purchase. All utilities are the responsibility of the tenant. Park approval is required for renters as well.

Key facts

• Open floor plan
• Larger deck
• 2 parking spots

Tags

• OPEN FLOOR PLAN
• LARGER DECK

Property features AI

Finance

• HOA & community: Association fee billed annually

Exterior

• Parking: Off-street parking; Parking pad; 2 total parking spaces
• Security: Smoke detectors
• Utilities: Shared well water; Sewer available
• Home design: Manufactured home; Residential property; Single-story (manufactured house)
• Construction: Vinyl siding; Manufactured construction
• Exterior features: Deck; Pool in the community

Interior

• Kitchen: Dishwasher; Refrigerator; Gas or electric range not specified
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Forced air heating; Natural gas heating
• Interior features: Master bedroom on the main level; Other interior features
• Laundry & utility: Laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath other listed at $25k.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $25k).
• Recommended offer: $24k (3.0% below list) — sets the bar for market timing.
• Cap rate 66.8% vs local median 2.1% in Coralville — 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 90/100 on livability (#5 in IA, #89 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+; Watch: amenities C-.
• Clear Creek Amana Community School District (rural): math 73% / reading 75% proficiency, ranked #72 of 289 in IA (top 25%) — strong family-tenant draw, lease renewals of 3-5y typical; only 17% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising fast (+6.1%/yr); 374 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 714 units permitted in Johnson County in 2024 (158 in 5+ unit buildings).
• This rent runs 31% of the median local income ($69k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $173 of loan paydown is wiped out by about $750 of value loss. Plan a longer hold.
• Johnson County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 6.1% rent growth), your $7k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 56 days — a 3% lower offer ($24k) is reasonable based on typical stale-listing flexibility.
• 16 sale attempts since 4y 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 $24,250 (3.0% below list)

Questions for the listing agent

1. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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. 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?
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: 7.26% ✓
• Cap rate: 66.78%
• Cash-on-cash: 216.03%
• DSCR: 10.61
• GRM: 1.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 6.14% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 12.74×
• Total profit: $82,147
• Equity at exit: $3,728

10-year hold

• IRR: —
• Equity multiple: 29.69×
• Total profit: $200,864
• Equity at exit: $2,162

Cash invested: $7,000 (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 52241

• Rents YoY: 6.1%
• Active inventory: 374
• Price-to-rent: 1.1×

Monthly cashflow live

• Estimated rent: $1,814 medium
• Mortgage (P&I): −$131
• Tax est. 1.5%: −$31 /mo · $375/yr
• Insurance: −$10
• HOA: −$0
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $1,260

Break-even live

Break-even rent $219

Max offer price $25,000

Occupancy floor 26%

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: $6,250
• Closing costs: $750
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
630 Catherine Dr Tiffin, IA	3.0	3.5	1795	$2,350	$1.31	13d	1	1.38mi
628 Catherine Dr Tiffin, IA	3.0	3.5	1795	$2,350	$1.31	13d	1	1.38mi

Listing history 50 events

1. 2026-06-19
   days on market $25,000 Active 56 DOM
2. 2026-06-18
   days on market $25,000 Active 55 DOM
3. 2026-06-17
   days on market $25,000 Active 54 DOM
4. 2026-06-16
   days on market $25,000 Active 53 DOM
5. 2026-06-15
   days on market $25,000 Active 52 DOM
6. 2026-06-14
   days on market $25,000 Active 50 DOM
7. 2026-06-13
   days on market $25,000 Active 49 DOM
8. 2026-06-10
   days on market $25,000 Active 47 DOM
9. 2026-06-09
   days on market $25,000 Active 46 DOM
10. 2026-06-08
    days on market $25,000 Active 45 DOM
11. 2026-06-07
    days on market $25,000 Active 44 DOM
12. 2026-06-05
    days on market $25,000 Active 41 DOM
13. 2026-06-03
    days on market $25,000 Active 40 DOM
14. 2026-06-02
    days on market $25,000 Active 39 DOM
15. 2026-06-01
    days on market $25,000 Active 38 DOM
16. 2026-05-31
    days on market $25,000 Active 37 DOM
17. 2026-05-30
    days on market $25,000 Active 36 DOM
18. 2026-04-24
    listed $25,000 Active
19. 2025-12-10
    listed $90,000 Active
20. 2025-08-26
    soldstatus $35,000 Closed 871-char remark

    Show marketing remark (871 chars)

    Welcome to 3701 2nd Street Lot 319 in Coralville. This well-cared-for 3-bedroom, 2-bathroom mobile home offers a comfortable and affordable living option on leased land. Built in 1996 and consistently updated over time—including a newer roof and regular preventative maintenance—this home is truly move-in ready. Inside, you'll find an open concept living space, a functional kitchen, and a spacious primary suite. A bonus room with French doors just off the main living area adds extra flexibility, perfect for a home office or additional living space. Outdoors, enjoy a back deck for relaxing, a decent-sized storage shed, and off-street parking. The community features a pool and playground. For Sale As-Is. Buyer must receive park approval to purchase. All utilities are the responsibility of the tenant. Park approval is required for renters as well.

21. 2025-08-14
    status Pending 871-char remark

    Show marketing remark (871 chars)

    Welcome to 3701 2nd Street Lot 319 in Coralville. This well-cared-for 3-bedroom, 2-bathroom mobile home offers a comfortable and affordable living option on leased land. Built in 1996 and consistently updated over time—including a newer roof and regular preventative maintenance—this home is truly move-in ready. Inside, you'll find an open concept living space, a functional kitchen, and a spacious primary suite. A bonus room with French doors just off the main living area adds extra flexibility, perfect for a home office or additional living space. Outdoors, enjoy a back deck for relaxing, a decent-sized storage shed, and off-street parking. The community features a pool and playground. For Sale As-Is. Buyer must receive park approval to purchase. All utilities are the responsibility of the tenant. Park approval is required for renters as well.

22. 2025-06-25
    soldstatus $27,000 Closed
23. 2025-06-17
    price $42,000 871-char remark

    Show marketing remark (871 chars)

    Welcome to 3701 2nd Street Lot 319 in Coralville. This well-cared-for 3-bedroom, 2-bathroom mobile home offers a comfortable and affordable living option on leased land. Built in 1996 and consistently updated over time—including a newer roof and regular preventative maintenance—this home is truly move-in ready. Inside, you'll find an open concept living space, a functional kitchen, and a spacious primary suite. A bonus room with French doors just off the main living area adds extra flexibility, perfect for a home office or additional living space. Outdoors, enjoy a back deck for relaxing, a decent-sized storage shed, and off-street parking. The community features a pool and playground. For Sale As-Is. Buyer must receive park approval to purchase. All utilities are the responsibility of the tenant. Park approval is required for renters as well.

24. 2025-06-17
    status Active 871-char remark

    Show marketing remark (871 chars)

    Welcome to 3701 2nd Street Lot 319 in Coralville. This well-cared-for 3-bedroom, 2-bathroom mobile home offers a comfortable and affordable living option on leased land. Built in 1996 and consistently updated over time—including a newer roof and regular preventative maintenance—this home is truly move-in ready. Inside, you'll find an open concept living space, a functional kitchen, and a spacious primary suite. A bonus room with French doors just off the main living area adds extra flexibility, perfect for a home office or additional living space. Outdoors, enjoy a back deck for relaxing, a decent-sized storage shed, and off-street parking. The community features a pool and playground. For Sale As-Is. Buyer must receive park approval to purchase. All utilities are the responsibility of the tenant. Park approval is required for renters as well.

25. 2025-06-17
    status Pending

    Show marketing remark (871 chars)

    Welcome to 3701 2nd Street Lot 319 in Coralville. This well-cared-for 3-bedroom, 2-bathroom mobile home offers a comfortable and affordable living option on leased land. Built in 1996 and consistently updated over time—including a newer roof and regular preventative maintenance—this home is truly move-in ready. Inside, you'll find an open concept living space, a functional kitchen, and a spacious primary suite. A bonus room with French doors just off the main living area adds extra flexibility, perfect for a home office or additional living space. Outdoors, enjoy a back deck for relaxing, a decent-sized storage shed, and off-street parking. The community features a pool and playground. For Sale As-Is. Buyer must receive park approval to purchase. All utilities are the responsibility of the tenant. Park approval is required for renters as well.

26. 2025-06-17
    status Pending 871-char remark

    Show marketing remark (871 chars)

    Welcome to 3701 2nd Street Lot 319 in Coralville. This well-cared-for 3-bedroom, 2-bathroom mobile home offers a comfortable and affordable living option on leased land. Built in 1996 and consistently updated over time—including a newer roof and regular preventative maintenance—this home is truly move-in ready. Inside, you'll find an open concept living space, a functional kitchen, and a spacious primary suite. A bonus room with French doors just off the main living area adds extra flexibility, perfect for a home office or additional living space. Outdoors, enjoy a back deck for relaxing, a decent-sized storage shed, and off-street parking. The community features a pool and playground. For Sale As-Is. Buyer must receive park approval to purchase. All utilities are the responsibility of the tenant. Park approval is required for renters as well.

27. 2025-05-22
    soldstatus $80,000 Closed
28. 2025-05-19
    listed $32,000
29. 2025-05-19
    listed Active Under Contract
30. 2025-05-13
    price $47,700 871-char remark

    Show marketing remark (871 chars)

    Welcome to 3701 2nd Street Lot 319 in Coralville. This well-cared-for 3-bedroom, 2-bathroom mobile home offers a comfortable and affordable living option on leased land. Built in 1996 and consistently updated over time—including a newer roof and regular preventative maintenance—this home is truly move-in ready. Inside, you'll find an open concept living space, a functional kitchen, and a spacious primary suite. A bonus room with French doors just off the main living area adds extra flexibility, perfect for a home office or additional living space. Outdoors, enjoy a back deck for relaxing, a decent-sized storage shed, and off-street parking. The community features a pool and playground. For Sale As-Is. Buyer must receive park approval to purchase. All utilities are the responsibility of the tenant. Park approval is required for renters as well.

31. 2025-05-12
    status Pending
32. 2025-05-01
    listed $55,000 Active 871-char remark

    Show marketing remark (871 chars)

    Welcome to 3701 2nd Street Lot 319 in Coralville. This well-cared-for 3-bedroom, 2-bathroom mobile home offers a comfortable and affordable living option on leased land. Built in 1996 and consistently updated over time—including a newer roof and regular preventative maintenance—this home is truly move-in ready. Inside, you'll find an open concept living space, a functional kitchen, and a spacious primary suite. A bonus room with French doors just off the main living area adds extra flexibility, perfect for a home office or additional living space. Outdoors, enjoy a back deck for relaxing, a decent-sized storage shed, and off-street parking. The community features a pool and playground. For Sale As-Is. Buyer must receive park approval to purchase. All utilities are the responsibility of the tenant. Park approval is required for renters as well.

33. 2025-04-19
    listed $49,000 Active
34. 2025-04-07
    price $89,000
35. 2025-04-01
    soldstatus $49,000 Closed
36. 2025-04-01
    soldstatus $49,000 Closed
37. 2025-03-18
    status Pending
38. 2025-03-14
    listed $92,000 Active
39. 2025-03-02
    price $49,000
40. 2025-01-27
    price $55,000
41. 2024-12-10
    listed $59,900 Active
42. 2024-12-05
    listed $32,000 Active
43. 2024-10-15
    price $65,900
44. 2024-09-25
    listed $70,000 Active
45. 2024-09-16
    price $35,900
46. 2024-08-15
    price $40,000
47. 2024-07-02
    listed $45,000 Active
48. 2024-04-05
    price $18,900
49. 2023-06-29
    soldstatus $18,900 Closed
50. 2023-06-19
    status Pending

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,766
• − Mortgage interest: −$1,400
• − Property taxes: −$375
• − Insurance: −$125
• − Repairs & maintenance: −$1,741
• − Management: −$1,741
• − Depreciation: −$727
• Taxable income: $15,656
• Est. tax owed @ 24.0%: −$3,757
• After-tax cash flow: $11,365/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: Clear Creek Amana Community School District
• NCES district ID: 1907590
• Math proficiency: 73% ▼ -6.00%
• Reading proficiency: 75% ▼ -1.00%
• Median HH income: $62,915
• Composite: 63.92/100
• National rank: #586
• State rank: #72 of 289 in IA

Livability — Coralville

• Score: 90/100
• State rank: #5
• US rank: #89

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Coralville, IA
• County: Johnson County · 132,710 people
• City population: 23,250
• Metro: Iowa City, IA
• Population (ZIP): 23,250
• Household income: $69,243
• Rent vs Own: 44.0% rent · 56.0% own
• Severe rent burden: 1220.0

Population outlook (Johnson County) Hauer SSP2

• Today (2025): 180,405 people
• By 2030: 200,014 · +10.9%
• By 2040: 241,428 · +33.8%
• By 2050: 288,144 · +59.7%
• By 2075: 420,009 · +132.8%
• By 2100: 546,596 · +203.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: White 64% Black 15% Asian 10% Two or more races 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Portuguese 3% Ukrainian 3% Slovak 2%
• Foreign-born: 16% · China, Canada, South Korea
• Languages at home: 78% English-only · Chinese 4% Spanish 4% Other Indo-European 4%

Political lean MEDSL · Johnson

• 2024 margin: Solid D (+38.1) · D 68.4% · R 30.3% · Other 1.3%
• 2008→2024 swing: -3.4pp toward R · 2008: 41.5pp · 2024: 38.1pp
• All cycles: 2024: D+38.1 2020: D+43.2 2016: D+38.3 2012: D+35.4 2008: D+41.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -95.15%
• Current HPI: 154.7424
• Rent YoY: ▲ 6.14%
• Metro: Iowa City, 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

-51.9% since first listed

43 events — show timeline

• 2026-04-24 Listed $25,000 ICAARMLS
• 2025-12-10 Listed $90,000 ICAARMLS
• 2025-08-26 Sold (MLS) $35,000 ICAARMLS
• 2025-08-14 Pending — ICAARMLS
• 2025-06-25 Sold (MLS) $27,000 ICAARMLS
• 2025-06-17 Price Changed $42,000 ICAARMLS
• 2025-06-17 Relisted — ICAARMLS
• 2025-06-17 Pending — ICAARMLS
• 2025-06-17 Pending — ICAARMLS
• 2025-05-22 Sold (MLS) $80,000 ICAARMLS
• 2025-05-19 Listed — ICAARMLS
• 2025-05-19 Listed $32,000 ICAARMLS
• 2025-05-13 Price Changed $47,700 ICAARMLS
• 2025-05-12 Pending — ICAARMLS
• 2025-05-01 Listed $55,000 ICAARMLS
• 2025-04-19 Listed $49,000 ICAARMLS
• 2025-04-07 Price Changed $89,000 ICAARMLS
• 2025-04-01 Sold (MLS) $49,000 ICAARMLS
• 2025-04-01 Sold (MLS) $49,000 ICAARMLS
• 2025-03-18 Pending — ICAARMLS
• 2025-03-14 Listed $92,000 ICAARMLS
• 2025-03-02 Price Changed $49,000 ICAARMLS
• 2025-01-27 Price Changed $55,000 ICAARMLS
• 2024-12-10 Listed $59,900 ICAARMLS
• 2024-12-05 Listed $32,000 ICAARMLS
• 2024-10-15 Price Changed $65,900 ICAARMLS
• 2024-09-25 Listed $70,000 ICAARMLS
• 2024-09-16 Price Changed $35,900 ICAARMLS
• 2024-08-15 Price Changed $40,000 ICAARMLS
• 2024-07-02 Listed $45,000 ICAARMLS
• 2024-04-05 Price Changed $18,900 ICAARMLS
• 2023-06-29 Sold (MLS) $18,900 ICAARMLS
• 2023-06-19 Pending — ICAARMLS
• 2023-06-19 Price Changed $19,900 ICAARMLS
• 2023-06-16 Contingent — ICAARMLS
• 2023-05-02 Price Changed $19,900 ICAARMLS
• 2023-04-07 Price Changed $22,500 ICAARMLS
• 2023-03-14 Listed $25,000 ICAARMLS
• 2022-11-22 Listed $69,000 ICAARMLS
• 2022-08-17 Sold (MLS) $52,000 ICAARMLS
• 2022-08-11 Pending — ICAARMLS
• 2022-08-03 Listed — ICAARMLS
• 2022-06-02 Listed $52,000 ICAARMLS

Property tax history

-2.9%/yr

Latest (2025): $166,384 · +3.2% YoY. Source: county tax records.