418 S Jackson St · Charles City, IA 50616

$51,000

2 bd · 1.0 ba · 968 sqft · SingleFamily public records · 349 Days on market

Built 1930 Fair condition 7,000 sqft lot $53/sqft · 44% below area Est $91k · 44% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.7/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This ranch style 3 bedroom home has 1 bathroom and a utility shed. It rents for $869 per month on a month to month HUD lease. The tenant pays the utilities, lawn mowing and snow removal.

Key facts

• 7,000 sq ft lot
• Built 1930
• Listed 348 days

🏷️ Possibly a rental listed for sale. The $51,000 price doesn't fit this home's estimated sale value (~$90,696) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $51k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $391 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($919 rent vs $51k).
• Recommended offer: $45k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.5% vs local median 5.6% in Charles City — 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 77/100 on livability (#161 in IA, #2,944 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: amenities F, commute F, employment F.
• Charles City Community School District (town): math 52% / reading 61% proficiency, ranked #262 of 289 in IA (top 91%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Washington Elementary School (375 students, 63% FRL); Charles City Ms (math 51% / reading 59%, grade B-, #201 of 246 statewide, top 82%, 423 students, 54% FRL); Charles City High School (math 47% / reading 67%, grade C, #279 of 336 statewide, top 85%, 534 students, 47% FRL).
• Market conditions: 137 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 165d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 38 units permitted in Floyd County in 2024 (0 in 5+ unit buildings).
• This rent is only 17% of the median local income ($63k/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 $353 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Floyd County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 349 days — a 12% lower offer ($45k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $13k; list at $51k implies a 292% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $44,880 (12.0% below list)

Questions for the listing agent

1. It's been on market 349 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.80% ✓
• Cap rate: 15.50%
• Cash-on-cash: 32.87%
• DSCR: 2.46
• GRM: 4.6

CMA / ARV

• ARV (median comp): $90,696
• List price: $51,000
• Delta: -43.77%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
414 S Jackson St	0.02mi	3/1.0 (+1)	1,048 (+8%)	6mo	$49,000	$47	75
204 Charles St	0.31mi	2/1.0	928 (-4%)	4mo	$135,000	$145	75
708 Freeman St	0.41mi	2/1.0	873 (-10%)	6mo	$41,000	$47	59
304 6th St	0.49mi	2/1.0	899 (-7%)	7mo	$52,000	$58	59
813 Parkside Ln	0.44mi	2/2.0	1,066 (+10%)	3mo	$165,000	$155	56
602 Freeman St	0.38mi	3/1.5 (+1)	1,056 (+9%)	15mo	$147,500	$140	48
1009 S Johnson St	0.39mi	2/2.0	1,092 (+13%)	11mo	$160,000	$147	47
603 Harwood St	0.70mi	1/1.5 (-1)	899 (-7%)	17mo	$78,000	$87	35

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: 28.0%
• Equity multiple: 2.17×
• Total profit: $16,650
• Equity at exit: $7,604

10-year hold

• IRR: 35.5%
• Equity multiple: 4.26×
• Total profit: $46,587
• Equity at exit: $4,410

Cash invested: $14,280 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 3 active · 4 under contract
• Months of supply: 6.0 mo (17%/mo absorbed)
• Median asking: $75,900 ($67/sqft)
• Median days on market: 37 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +39.5% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 50616

• Home prices YoY: -19.7%
• Active inventory: 137
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $919 medium
• Mortgage (P&I): −$267
• Tax from tax record: −$46 /mo · $556/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$193
• Net cashflow: $391

Break-even live

Break-even rent $424

Max offer price $51,000

Occupancy floor 52%

Sensitivity live

Price	-10% $420	-5% $406	+0% $391	+5% $377	+10% $362
Rent	-10% $319	-5% $355	+0% $391	+5% $427	+10% $464
Rate	-1.0pp $417	-0.5pp $404	base $391	+0.5pp $378	+1.0pp $364

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: $12,750
• Closing costs: $1,530
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2105 Clark St Unit 25 Charles City, IA	2.0	1.5	900	$575	$0.64	0d	1	1.33mi
1030 13th Ave Charles City, IA	1.0–3.0	1.0–2.0	926	$1,200	$1.29	184d	28	1.33mi
1004 20th Ave Charles City, IA	3.0	2.0	960	$975	$1.02	164d	1	1.39mi

Listing history 50 events

1. 2026-11-08
   days on market $51,000 Active 349 DOM
2. 2026-11-07
   days on market $51,000 Active 348 DOM
3. 2026-11-06
   days on market $51,000 Active 347 DOM
4. 2026-11-05
   days on market $51,000 Active 346 DOM
5. 2026-11-04
   days on market $51,000 Active 345 DOM
6. 2026-11-02
   days on market $51,000 Active 343 DOM
7. 2026-11-01
   days on market $51,000 Active 342 DOM
8. 2026-10-31
   days on market $51,000 Active 341 DOM
9. 2026-10-31
   days on market $51,000 Active 340 DOM
10. 2026-10-29
    days on market $51,000 Active 339 DOM
11. 2026-10-28
    days on market $51,000 Active 338 DOM
12. 2026-10-27
    days on market $51,000 Active 337 DOM
13. 2026-10-26
    days on market $51,000 Active 336 DOM
14. 2026-10-25
    days on market $51,000 Active 335 DOM
15. 2026-10-24
    days on market $51,000 Active 334 DOM
16. 2026-10-23
    days on market $51,000 Active 333 DOM
17. 2026-10-22
    days on market $51,000 Active 332 DOM
18. 2026-10-21
    days on market $51,000 Active 331 DOM
19. 2026-10-20
    days on market $51,000 Active 330 DOM
20. 2026-10-19
    days on market $51,000 Active 329 DOM
21. 2026-10-18
    days on market $51,000 Active 328 DOM
22. 2026-10-17
    days on market $51,000 Active 327 DOM
23. 2026-10-16
    days on market $51,000 Active 326 DOM
24. 2026-10-15
    days on market $51,000 Active 325 DOM
25. 2026-10-14
    days on market $51,000 Active 324 DOM
26. 2026-10-13
    days on market $51,000 Active 323 DOM
27. 2026-10-12
    days on market $51,000 Active 322 DOM
28. 2026-10-11
    days on market $51,000 Active 321 DOM
29. 2026-10-10
    days on market $51,000 Active 320 DOM
30. 2026-10-09
    days on market $51,000 Active 319 DOM
31. 2026-10-08
    days on market $51,000 Active 318 DOM
32. 2026-10-07
    days on market $51,000 Active 317 DOM
33. 2026-10-06
    days on market $51,000 Active 316 DOM
34. 2026-10-05
    days on market $51,000 Active 315 DOM
35. 2026-10-04
    days on market $51,000 Active 314 DOM
36. 2026-10-03
    days on market $51,000 Active 313 DOM
37. 2026-10-02
    days on market $51,000 Active 312 DOM
38. 2026-10-01
    days on market $51,000 Active 311 DOM
39. 2026-09-30
    days on market $51,000 Active 310 DOM
40. 2026-09-29
    days on market $51,000 Active 309 DOM
41. 2026-09-28
    days on market $51,000 Active 308 DOM
42. 2026-09-27
    days on market $51,000 Active 307 DOM
43. 2026-09-26
    days on market $51,000 Active 306 DOM
44. 2026-09-25
    days on market $51,000 Active 305 DOM
45. 2026-09-24
    days on market $51,000 Active 304 DOM
46. 2026-09-23
    days on market $51,000 Active 303 DOM
47. 2026-09-21
    days on market $51,000 Active 301 DOM
48. 2026-09-20
    days on market $51,000 Active 300 DOM
49. 2026-09-19
    days on market $51,000 Active 299 DOM
50. 2026-09-18
    days on market $51,000 Active 298 DOM

ⓘ 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: $556 · $46/mo
• Projected year-2 tax: $678 · $57/mo
• Expected delta: +$122/yr (+$10/mo · 22.0%)

ⓘ 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 2/10 Low 7 d/yr ≥102°F today · 16 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: $11,030
• − Mortgage interest: −$2,857
• − Property taxes: −$556
• − Insurance: −$255
• − Repairs & maintenance: −$882
• − Management: −$882
• − Depreciation: −$1,484
• Taxable income: $4,114
• Est. tax owed @ 24.0%: −$987
• After-tax cash flow: $3,706/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.

Condition & rehab AI · 2 photos

Fair 45/100 Moderate rehab Est. rehab $24,200–$43,560 screening

This single-family home requires significant repairs and maintenance, particularly to the roof and exterior siding, to improve its condition and value.

Components & finishes AI

Roof asphalt shingle · good

Repairs flagged

• Major roof — Signs of wear and discoloration suggest significant damage and potential water infiltration.
• Major exterior siding — The siding is visibly worn and discolored, indicating it may need repainting or replacement.
• Major landscaping — The overgrown landscaping detracts from the home's curb appeal and requires trimming and maintenance.
• Minor interior walls/paint — The walls and paint appear to be in fair condition, but a thorough inspection is needed to confirm this.

Value-add opportunities

• Both painting the exterior siding — Fresh paint can significantly improve the home's curb appeal and value. ↑
• Both trimming the landscaping — A well-maintained lawn and landscaping can enhance the home's resale and rental value. ↑
• Both replacing the roof — A new roof will protect the home from water damage and improve its overall condition, boosting both resale and rental values. ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 57/100

Zoned Schools

Elementary Lincoln Elementary School B- IA #390/616 Nat'l #7,252/41,679 Middle Charles City Ms B- IA #201/246 Nat'l #2,482/14,009 High Charles City High School C IA #279/336 Nat'l #4,077/17,239

Schools (NCES district)

• District: Charles City Community School District
• NCES district ID: 1907080
• Math proficiency: 52% ▼ -3.00%
• Reading proficiency: 61% ▲ 9.00%
• Median HH income: $41,414
• Composite: 47.32/100
• National rank: #2299
• State rank: #262 of 289 in IA

B Composite livability gradescore 77/100

Livability — Charles City

• Score: 77/100
• State rank: #161
• US rank: #2944

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Charles City, IA
• County: Floyd · 15,524 people
• City population: 9,419
• Population (ZIP): 9,419
• Household income: $63,226
• Rent vs Own: 28.9% rent · 71.1% own
• Severe rent burden: 4% of renters

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Population outlook (Floyd County) Hauer SSP2

• Today (2025): 15,524 people
• By 2030: 15,254 · -1.7%
• By 2040: 14,830 · -4.5%
• By 2050: 14,660 · -5.6%
• By 2075: 15,548 · +0.2%
• By 2100: 17,406 · +12.1%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Two or more races 6% Hispanic / Latino 5% Asian 2% Black 2%
• Hispanic origin (detail): Mexican 4%
• Languages at home: 94% English-only · Spanish 2% Other Asian/Pacific 1% Tagalog/Filipino 1%

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Political lean MEDSL · Floyd

• 2024 margin: Strong R (+25.7) · D 36.5% · R 62.2% · Other 1.3%
• 2008→2024 swing: -47.6pp toward R · 2008: 21.9pp · 2024: -25.7pp
• All cycles: 2024: R+25.7 2020: R+19.4 2016: R+14.9 2012: D+14.7 2008: D+21.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -46.03%
• Current HPI: 187.4742
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.48%
• F500 in state: 4

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Industry mix (Fortune 500 HQ in IA)

Industry	F500 HQs	Revenue
▸Financial Services	1	$16B
▸Retail / Convenience	1	$15B

Price history

+292.3% since first listed

2 events — show timeline

• 2025-11-22 Listed $51,000 NEIRBR as distributed by MLS GRID
• 1996-01-29 Sold (Public Records) $13,000 Public Records

Property tax history

+6.2%/yr

Latest (2025): $556 · +0.4% YoY. Source: county tax records.