114 Erie St · Maquoketa, IA 52060

$69,000

3 bd · 2.0 ba · 1,166 sqft · SingleFamily public records · 10 Days on market

Built 1900 6,969 sqft lot

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Why this score? — see what drove the B 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.6/10.0
• ARV discount +7.5/15.0
• Schools +4.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

3-bedroom attached 1-car garage. 1-bath. FHA Case #161-224856. IN insured status is: Property being sold "AS IS". HUD property sold by electronic bid only.

Key facts

• 6,969 sq ft lot
• Built 1900
• Listed 10 days

Property features AI

Finance

• Other: Built before 1978
• HOA & community: No master association fee required

Exterior

• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 1.5-story design; Home is over 100 years old; Living area reported by assessor
• Construction: Steel siding; Other type foundation
• Exterior features: Level lot; Lot dimensions approximately 50 x 140; Lot size less than 0.25 acre

Interior

• Kitchen: Kitchen on the main level (11 x 7)
• Bedrooms: Master bedroom on the main level (13 x 14); Second bedroom on the second level (12 x 13); Third bedroom on the second level (10 x 13)
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Seven total rooms; Unfinished partial basement
• Laundry & utility: Main-level laundry room (12 x 5)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $319 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $69k).

Location & tenants

• Location reads 70/100 on livability (#362 in IA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment D-.
• Maquoketa Community School District (town): math 52% / reading 57% proficiency, ranked #270 of 289 in IA (top 93%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 35 active listings in the ZIP; 20 units permitted in Jackson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $477 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Jackson County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $69,000

Questions for the listing agent

1. Built in 1900 — 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 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. 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: 1.46% ✓
• Cap rate: 11.84%
• Cash-on-cash: 19.81%
• DSCR: 1.88
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $145,750
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
215 S Jones Ave	0.16mi	2/2.0 (-1)	1,168 (+0%)	11mo	$125,500	$107	78
210 Western Ave	0.30mi	2/2.0 (-1)	1,188 (+2%)	13mo	$135,000	$114	67
427 Western Ave	0.21mi	2/2.0 (-1)	1,234 (+6%)	10mo	$245,000	$199	67
209 S Vermont St	0.18mi	2/1.0 (-1)	1,038 (-11%)	5mo	$157,000	$151	61
105 S Vermont St	0.32mi	3/1.0	1,298 (+11%)	3mo	$139,900	$108	60
507 W Quarry St	0.50mi	3/2.0	1,234 (+6%)	9mo	$151,500	$123	59
1005 German St	0.57mi	3/2.5	1,092 (-6%)	3mo	$168,000	$154	59
316 N Decker St	0.62mi	3/1.5	1,104 (-5%)	3mo	$139,000	$126	58
317 W Pleasant St	0.36mi	2/1.0 (-1)	1,279 (+10%)	1mo	$155,000	$121	57
306 S Eliza St	0.59mi	3/1.0	1,120 (-4%)	7mo	$140,000	$125	56
309 S Vermont St	0.13mi	2/1.0 (-1)	994 (-15%)	6mo	$55,000	$55	55
716 Swift Ct	0.61mi	3/2.0	1,045 (-10%)	10mo	$240,000	$230	46

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

Projected returns pro-forma

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

5-year hold

• IRR: 11.9%
• Equity multiple: 1.47×
• Total profit: $9,149
• Equity at exit: $10,288

10-year hold

• IRR: 20.9%
• Equity multiple: 2.77×
• Total profit: $34,187
• Equity at exit: $5,966

Cash invested: $19,320 (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 52060

• Home prices YoY: -21.2%
• Active inventory: 35
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,007 medium
• Mortgage (P&I): −$362
• Tax est. 1.5%: −$86 /mo · $1,035/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$212
• Net cashflow: $319

Break-even live

Break-even rent $604

Max offer price $69,000

Occupancy floor 63%

Sensitivity live

Price	-10% $367	-5% $343	+0% $319	+5% $295	+10% $271
Rent	-10% $239	-5% $279	+0% $319	+5% $359	+10% $399
Rate	-1.0pp $354	-0.5pp $337	base $319	+0.5pp $301	+1.0pp $283

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-06-21
   days on market $69,000 Active 10 DOM
2. 2026-06-18
   days on market $69,000 Active 8 DOM
3. 2026-06-17
   days on market $69,000 Active 7 DOM
4. 2026-06-16
   days on market $69,000 Active 6 DOM
5. 2026-06-15
   days on market $69,000 Active 5 DOM
6. 2026-06-13
   days on market $69,000 Active 3 DOM
7. 2026-06-12
   remarks 155-char remark
8. 2026-06-12
   listed $69,000 Active 2 DOM

ⓘ 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 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,088
• − Mortgage interest: −$3,865
• − Property taxes: −$1,035
• − Insurance: −$345
• − Repairs & maintenance: −$967
• − Management: −$967
• − Depreciation: −$2,007
• Taxable income: $2,902
• Est. tax owed @ 24.0%: −$696
• After-tax cash flow: $3,131/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: Maquoketa Community School District
• NCES district ID: 1918510
• Math proficiency: 52% ▼ -9.00%
• Reading proficiency: 57% ▼ -5.00%
• Median HH income: $39,880
• Composite: 45.54/100
• National rank: #2602
• State rank: #270 of 289 in IA

Livability — Maquoketa

• Score: 70/100
• State rank: #362
• US rank: #7540

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Maquoketa, IA
• Population (ZIP): 8,139

Population outlook (Jackson County) Hauer SSP2

• Today (2025): 18,736 people
• By 2030: 18,227 · -2.7%
• By 2040: 17,049 · -9.0%
• By 2050: 15,848 · -15.4%
• By 2075: 13,660 · -27.1%
• By 2100: 11,167 · -40.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 2% Black 2%
• Common ancestry: Romanian 2% Slovak 2% Portuguese 2%
• Foreign-born: 1%
• Languages at home: 97% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Jackson

• 2024 margin: Solid R (+32.5) · D 33.1% · R 65.6% · Other 1.3%
• 2008→2024 swing: -56.9pp toward R · 2008: 24.4pp · 2024: -32.5pp
• All cycles: 2024: R+32.5 2020: R+26.1 2016: R+19.4 2012: D+16.8 2008: D+24.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -57.28%
• Current HPI: 213.2315
• 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

• 2026-06-10 Listed $69,000 MRED as Distributed by MLS Grid

Property tax history

-10.3%/yr

Latest (2025): $132 · +3.1% YoY. Source: county tax records.