3030 O Ave NW · Cedar Rapids, IA 52405

$195,000

3 bd · 2.0 ba · 1,238 sqft · SingleFamily public records · 27 Days on market

Built 1955 0.28 ac lot Est $209k · 7% under

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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).

• ARV discount +10.6/15.0
• Cash flow +8.0/30.0
• Rent growth +5.0/5.0
• Schools +4.7/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• DSCR +2.1/10.0
• Appreciation +0.0/10.0

Key facts

• 0.28 acre lot
• Built 1955
• Listed 27 days

Property features AI

Exterior

• Parking: Off-street parking; On-street parking
• Utilities: Public water service; Public sewer service
• Home design: Single-family residence; Residential property
• Construction: Frame construction with vinyl siding
• Exterior features: Public water; Public sewer; Lot approximately 0.276 acres

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator; Eat-in kitchen
• Bedrooms: 6 total rooms (includes bedrooms and other living spaces)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Natural gas forced-air heating
• Interior features: Eat-in kitchen; Full basement
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $-198 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $160k (17.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $141k (27.6% below list).
• Recommended offer: $141k (27.6% below list) — sets the bar for 1% rule.
• Cap rate 5.1% vs local median 3.5% in Cedar Rapids — 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 78/100 on livability (#134 in IA, #2,474 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, commute F.
• Cedar Rapids Community School District (urban): math 50% / reading 59% proficiency, ranked #265 of 289 in IA (top 92%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Madison Elementary School (math 52% / reading 47%, grade D, #514 of 616 statewide, top 85%, 180 students, 60% FRL); Roosevelt Creative Corridor Business Academy (math 36% / reading 47%, grade F, #235 of 246 statewide, top 96%, 510 students, 69% FRL); John F Kennedy High School (math 63% / reading 77%, grade B+, #146 of 336 statewide, top 45%, 1,714 students, 31% FRL).
• Market conditions: Rents rising fast (+12.4%/yr); 148 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,023 units permitted in Linn County in 2024 (456 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Linn County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($192k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $80k; list at $195k implies a 144% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $141,265 (27.6% 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 1955 — 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 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?
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: 0.72% ✗
• Cap rate: 5.08%
• Cash-on-cash: -4.35%
• DSCR: 0.81
• GRM: 11.5

CMA / ARV

• ARV (on-the-fly): $209,222
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3207 Elaine Dr NW	0.09mi	3/1.5	1,246 (+1%)	15mo	$171,000	$137	80
1536 Woodside Dr NW	0.05mi	3/1.5	1,362 (+10%)	3mo	$231,900	$170	77
1600 23rd St St NW	0.48mi	3/2.0	1,185 (-4%)	1mo	$215,000	$181	70
2529 N Ave NW	0.36mi	3/1.0	1,196 (-3%)	16mo	$192,000	$161	60
3300 Iris Ave NW	0.50mi	3/2.0	1,315 (+6%)	14mo	$197,000	$150	55
2210 O Ave NW	0.52mi	3/2.0	1,408 (+14%)	2mo	$201,800	$143	51
1654 19th St NW	0.71mi	3/1.5	1,329 (+7%)	9mo	$215,000	$162	45
1423 Highwood Dr NW	0.56mi	2/1.0 (-1)	1,332 (+8%)	16mo	$235,000	$176	39
2042 Sugar Creek Dr Dr NW	0.69mi	2/2.0 (-1)	1,056 (-15%)	1mo	$315,000	$298	37
3547 F Ave NW	0.74mi	2/1.5 (-1)	1,384 (+12%)	4mo	$210,000	$152	35
1642 19th St	0.71mi	3/2.5	1,399 (+13%)	11mo	$237,000	$169	34
2070 Sugar Creek Dr NW	0.74mi	2/2.0 (-1)	1,054 (-15%)	15mo	$290,000	$275	24

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -18.4%
• Equity multiple: 0.33×
• Total profit: $-36,734
• Equity at exit: $29,075

10-year hold

• IRR: -3.2%
• Equity multiple: 0.74×
• Total profit: $-14,233
• Equity at exit: $16,860

Cash invested: $54,600 (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 52405

• Rents YoY: 12.4%
• Active inventory: 148
• Price-to-rent: 11.5×

Monthly cashflow live

• Estimated rent: $1,413 medium
• Mortgage (P&I): −$1,023
• Tax from tax record: −$210 /mo · $2,520/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $-198

Break-even live

Break-even rent $1,663

Max offer price $160,048

Occupancy floor —

Sensitivity live

Price	-10% $-87	-5% $-143	+0% $-198	+5% $-253	+10% $-308
Rent	-10% $-309	-5% $-254	+0% $-198	+5% $-142	+10% $-86
Rate	-1.0pp $-100	-0.5pp $-148	base $-198	+0.5pp $-248	+1.0pp $-300

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1601 30th St NW Unit 1611 6 Cedar Rapids, IA	2.0	1.0	847	$865	$1.02	14d	1	0.10mi

Listing history 16 events

1. 2026-06-15
   status $195,000 Pending 27 DOM
2. 2026-06-15
   days on market $195,000 Active 27 DOM
3. 2026-06-14
   days on market $195,000 Active 25 DOM
4. 2026-06-13
   days on market $195,000 Active 24 DOM
5. 2026-06-10
   days on market $195,000 Active 22 DOM
6. 2026-06-09
   days on market $195,000 Active 21 DOM
7. 2026-06-08
   days on market $195,000 Active 20 DOM
8. 2026-06-07
   days on market $195,000 Active 19 DOM
9. 2026-06-05
   days on market $195,000 Active 16 DOM
10. 2026-06-03
    days on market $195,000 Active 15 DOM
11. 2026-06-02
    days on market $195,000 Active 14 DOM
12. 2026-06-01
    days on market $195,000 Active 13 DOM
13. 2026-05-31
    days on market $195,000 Active 12 DOM
14. 2026-05-30
    days on market $195,000 Active 11 DOM
15. 2026-05-19
    listed $200,000 Active
16. 2021-07-06
    soldstatus $80,000

ⓘ 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: $2,520 · $210/mo
• Projected year-2 tax: $2,791 · $233/mo
• Expected delta: +$271/yr (+$23/mo · 10.7%)

ⓘ 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 ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,952
• − Mortgage interest: −$10,923
• − Property taxes: −$2,520
• − Insurance: −$975
• − Repairs & maintenance: −$1,356
• − Management: −$1,356
• − Depreciation: −$5,673
• Taxable loss: −$5,851
• Est. tax savings @ 24.0%: +$1,404
• After-tax cash flow: $-970/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: Cedar Rapids Community School District
• NCES district ID: 1906540
• Math proficiency: 50% ▼ -12.00%
• Reading proficiency: 59% ▼ -6.00%
• Median HH income: $53,568
• Composite: 46.82/100
• National rank: #2378
• State rank: #265 of 289 in IA

Livability — Cedar Rapids

• Score: 78/100
• State rank: #134
• US rank: #2474

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cedar Rapids, IA
• County: Linn County · 179,860 people
• City population: 137,154
• Metro: Cedar Rapids, IA
• Population (ZIP): 26,526
• Household income: $70,123
• Rent vs Own: 26.1% rent · 73.9% own
• Severe rent burden: 715.0

Population outlook (Linn County) Hauer SSP2

• Today (2025): 239,589 people
• By 2030: 248,587 · +3.8%
• By 2040: 264,817 · +10.5%
• By 2050: 278,685 · +16.3%
• By 2075: 311,754 · +30.1%
• By 2100: 336,773 · +40.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 9% Two or more races 7% Hispanic / Latino 5% Asian 2%
• Common ancestry: Portuguese 4% Lithuanian 2% Iranian 1%
• Foreign-born: 6% · Canada, China
• Languages at home: 92% English-only · Spanish 3% French/Haitian/Cajun 1% Other Asian/Pacific 1%

Political lean MEDSL · Linn

• 2024 margin: Lean D (+9.9) · D 54.2% · R 44.3% · Other 1.4%
• 2008→2024 swing: -11.6pp toward R · 2008: 21.5pp · 2024: 9.9pp
• All cycles: 2024: D+9.9 2020: D+13.7 2016: D+9.0 2012: D+17.6 2008: D+21.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -137.56%
• Current HPI: 201.6053
• Rent YoY: ▲ 12.37%
• Metro: Cedar Rapids, 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

+143.8% since first listed

4 events — show timeline

• 2026-06-15 Pending — CRAAR, CDRMLS
• 2026-05-27 Price Changed $195,000 CRAAR, CDRMLS
• 2026-05-19 Listed $200,000 CRAAR, CDRMLS
• 2021-07-06 Sold (Public Records) $80,000 Public Records

Property tax history

+3.0%/yr

Latest (2025): $2,520 · +10.1% YoY. Source: county tax records.