2125 130th St · Earlham, IA 50072

$389,000

5 bd · 2.0 ba · 1,728 sqft · SingleFamily public records · 79 Days on market

Built 1910 3.79 ac lot $225/sqft · 102% above area

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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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +6.4/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Cash flow +2.3/30.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Enjoy the perfect blend of charm, space, and peaceful country living with this farmhouse-style home on 3.79 acres just south of De Soto, offering 4 bedrooms and 2 full baths with a flexible layout that includes a main-level bedroom and bath plus three additional bedrooms, full bath, and convenient upstairs laundry; the main level features hardwood floors, a spacious living room, formal dining, and a bright kitchen with butcher block countertops, center island with cooktop, ample cabinetry, breakfast nook, and mudroom, while 700 sq ft of unfinished attic space provides excellent potential for future finish; major updates include a brand new roof, fascia, soffits, skylights, added attic insulation, reinforced foundation, and new septic system (2023), and the property is complete with a covered front porch, scenic views, and the privacy of nearly 4 acres with easy access to nearby communities. All information obtained from seller and public record.

Key facts

• Breakfast nook
• Farmhouse style home
• 3.79 acres

Tags

• FARMHOUSE STYLE HOME
• 3.79 ACRES
• HARDWOOD FLOORS
• BUTCHER BLOCK COUNTERTOPS
• CENTER ISLAND WITH COOKTOP
• BREAKFAST NOOK

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $389k.

Deal economics

• At list price, monthly cash flow is $-1k ($-17k/yr) — negative.
• To cash-flow at today's rent, offer at most $146k (62.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $136k (65.1% below list).
• Recommended offer: $136k (65.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 77/100 on livability (#164 in IA, #2,986 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, employment A+; Watch: amenities F, commute F.
• Earlham Community School District (rural): math 75% / reading 72% proficiency, ranked #69 of 289 in IA (top 24%) — strong family-tenant draw, lease renewals of 3-5y typical; only 17% free/reduced lunch — higher-income household profile.
• Market conditions: 35 active listings in the ZIP; 125 units permitted in Madison County in 2024 (51 in 5+ unit buildings).

Forward outlook

• In year one you build about $42k of equity ($3k loan paydown + $39k appreciation (10.0% local appreciation)).
• Madison County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 2, paydown + projected appreciation supports a ~$67k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($366k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 20y ago; this cycle's ask has dropped $36k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $135,775 (65.1% 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. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 65% concession, seller financing, or rate buy-down credit?
3. Built in 1910 — 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. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.35% ✗
• Cap rate: 2.05%
• Cash-on-cash: -15.15%
• DSCR: 0.33
• GRM: 23.9

CMA / ARV

• ARV (median comp): $192,210
• List price: $389,000
• Delta: 102.38%
• Verdict: OVERPRICED
• Comps: 11 within 2.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 13.8%
• Equity multiple: 2.14×
• Total profit: $124,152
• Equity at exit: $350,442

10-year hold

• IRR: 13.8%
• Equity multiple: 4.99×
• Total profit: $434,227
• Equity at exit: $755,741

Cash invested: $108,920 (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 50072

• Home prices YoY: 6.6%
• Active inventory: 35
• Price-to-rent: 23.9×

Monthly cashflow live

• Estimated rent: $1,358 medium
• Mortgage (P&I): −$2,040
• Tax from tax record: −$246 /mo · $2,948/yr
• Insurance: −$162
• HOA: −$0
• Vacancy / Maint / Mgmt: −$285
• Net cashflow: $-1,375

Break-even live

Break-even rent $3,098

Max offer price $146,085

Occupancy floor —

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: $97,250
• Closing costs: $11,670
• Reserves months: —
• Total cash needed: —

Listing history 41 events

1. 2026-06-18
   price $389,000 Active 79 DOM
2. 2026-06-18
   days on market $395,000 Active 79 DOM
3. 2026-06-17
   days on market $395,000 Active 78 DOM
4. 2026-06-16
   days on market $395,000 Active 77 DOM
5. 2026-06-15
   days on market $395,000 Active 76 DOM
6. 2026-06-14
   days on market $395,000 Active 74 DOM
7. 2026-06-13
   days on market $395,000 Active 73 DOM
8. 2026-06-10
   days on market $395,000 Active 71 DOM
9. 2026-06-09
   days on market $395,000 Active 70 DOM
10. 2026-06-08
    days on market $395,000 Active 69 DOM
11. 2026-06-07
    days on market $395,000 Active 68 DOM
12. 2026-06-03
    days on market $395,000 Active 64 DOM
13. 2026-06-02
    days on market $395,000 Active 63 DOM
14. 2026-06-01
    days on market $395,000 Active 62 DOM
15. 2026-05-31
    days on market $395,000 Active 61 DOM
16. 2026-05-31
    days on market $395,000 Active 60 DOM
17. 2026-05-14
    price $395,000 959-char remark

    Show marketing remark (959 chars)

    Enjoy the perfect blend of charm, space, and peaceful country living with this farmhouse-style home on 3.79 acres just south of De Soto, offering 4 bedrooms and 2 full baths with a flexible layout that includes a main-level bedroom and bath plus three additional bedrooms, full bath, and convenient upstairs laundry; the main level features hardwood floors, a spacious living room, formal dining, and a bright kitchen with butcher block countertops, center island with cooktop, ample cabinetry, breakfast nook, and mudroom, while 700 sq ft of unfinished attic space provides excellent potential for future finish; major updates include a brand new roof, fascia, soffits, skylights, added attic insulation, reinforced foundation, and new septic system (2023), and the property is complete with a covered front porch, scenic views, and the privacy of nearly 4 acres with easy access to nearby communities. All information obtained from seller and public record.

18. 2026-04-29
    price $400,000 959-char remark

    Show marketing remark (959 chars)

    Enjoy the perfect blend of charm, space, and peaceful country living with this farmhouse-style home on 3.79 acres just south of De Soto, offering 4 bedrooms and 2 full baths with a flexible layout that includes a main-level bedroom and bath plus three additional bedrooms, full bath, and convenient upstairs laundry; the main level features hardwood floors, a spacious living room, formal dining, and a bright kitchen with butcher block countertops, center island with cooktop, ample cabinetry, breakfast nook, and mudroom, while 700 sq ft of unfinished attic space provides excellent potential for future finish; major updates include a brand new roof, fascia, soffits, skylights, added attic insulation, reinforced foundation, and new septic system (2023), and the property is complete with a covered front porch, scenic views, and the privacy of nearly 4 acres with easy access to nearby communities. All information obtained from seller and public record.

19. 2026-04-24
    price $405,000 959-char remark

    Show marketing remark (959 chars)

    Enjoy the perfect blend of charm, space, and peaceful country living with this farmhouse-style home on 3.79 acres just south of De Soto, offering 4 bedrooms and 2 full baths with a flexible layout that includes a main-level bedroom and bath plus three additional bedrooms, full bath, and convenient upstairs laundry; the main level features hardwood floors, a spacious living room, formal dining, and a bright kitchen with butcher block countertops, center island with cooktop, ample cabinetry, breakfast nook, and mudroom, while 700 sq ft of unfinished attic space provides excellent potential for future finish; major updates include a brand new roof, fascia, soffits, skylights, added attic insulation, reinforced foundation, and new septic system (2023), and the property is complete with a covered front porch, scenic views, and the privacy of nearly 4 acres with easy access to nearby communities. All information obtained from seller and public record.

20. 2026-04-13
    price $415,000 959-char remark

    Show marketing remark (959 chars)

    Enjoy the perfect blend of charm, space, and peaceful country living with this farmhouse-style home on 3.79 acres just south of De Soto, offering 4 bedrooms and 2 full baths with a flexible layout that includes a main-level bedroom and bath plus three additional bedrooms, full bath, and convenient upstairs laundry; the main level features hardwood floors, a spacious living room, formal dining, and a bright kitchen with butcher block countertops, center island with cooktop, ample cabinetry, breakfast nook, and mudroom, while 700 sq ft of unfinished attic space provides excellent potential for future finish; major updates include a brand new roof, fascia, soffits, skylights, added attic insulation, reinforced foundation, and new septic system (2023), and the property is complete with a covered front porch, scenic views, and the privacy of nearly 4 acres with easy access to nearby communities. All information obtained from seller and public record.

21. 2026-03-31
    listed $425,000 Active 959-char remark

    Show marketing remark (959 chars)

    Enjoy the perfect blend of charm, space, and peaceful country living with this farmhouse-style home on 3.79 acres just south of De Soto, offering 4 bedrooms and 2 full baths with a flexible layout that includes a main-level bedroom and bath plus three additional bedrooms, full bath, and convenient upstairs laundry; the main level features hardwood floors, a spacious living room, formal dining, and a bright kitchen with butcher block countertops, center island with cooktop, ample cabinetry, breakfast nook, and mudroom, while 700 sq ft of unfinished attic space provides excellent potential for future finish; major updates include a brand new roof, fascia, soffits, skylights, added attic insulation, reinforced foundation, and new septic system (2023), and the property is complete with a covered front porch, scenic views, and the privacy of nearly 4 acres with easy access to nearby communities. All information obtained from seller and public record.

22. 2024-08-28
    soldstatus $345,000 Closed 1488-char remark

    Show marketing remark (1488 chars)

    Indulge in the serenity of rural living nestled on 3+ acres of countryside bliss! This home exudes a timeless charm, harmoniously blending with the serene rural landscape. As you approach, you'll be captivated by the expansive wrap-around porch, an ideal spot for savoring morning coffee or enjoying breathtaking Iowa sunsets. Steps inside a 3-season porch that leads to the heart of the home by a spacious kitchen with ample cabinet space. Bask in the abundance of natural light that floods the interior, creating an inviting atmosphere throughout. This dining area is huge to host family dinners. Relax in the nice size living room to reminisce and make new memories. One bedroom or could be an office on main level, and 3 generously sized bedrooms upstairs with views of the countryside. Be amazed by the size of the laundry room, which could also be used for other uses. The property hosts a steel bin, milk shed, & 30 x 36 pole barn which is a versatile space for creativity & productivity. Whether you're seeking a peaceful retreat or a place to pursue your passions, this property offers the perfect canvas for your ideal lifestyle surrounded by wildlife. There is so much space for the kids to run around, livestock, chickens, and as big of a garden as you can imagine. Over an acre of electrical fence for livestock or horses. The home is about ¾ of a mile off main road. Don't miss the opportunity to make this exceptional home yours. Schedule a viewing today!

23. 2024-08-28
    soldstatus $345,000

    Show marketing remark (1488 chars)

    Indulge in the serenity of rural living nestled on 3+ acres of countryside bliss! This home exudes a timeless charm, harmoniously blending with the serene rural landscape. As you approach, you'll be captivated by the expansive wrap-around porch, an ideal spot for savoring morning coffee or enjoying breathtaking Iowa sunsets. Steps inside a 3-season porch that leads to the heart of the home by a spacious kitchen with ample cabinet space. Bask in the abundance of natural light that floods the interior, creating an inviting atmosphere throughout. This dining area is huge to host family dinners. Relax in the nice size living room to reminisce and make new memories. One bedroom or could be an office on main level, and 3 generously sized bedrooms upstairs with views of the countryside. Be amazed by the size of the laundry room, which could also be used for other uses. The property hosts a steel bin, milk shed, & 30 x 36 pole barn which is a versatile space for creativity & productivity. Whether you're seeking a peaceful retreat or a place to pursue your passions, this property offers the perfect canvas for your ideal lifestyle surrounded by wildlife. There is so much space for the kids to run around, livestock, chickens, and as big of a garden as you can imagine. Over an acre of electrical fence for livestock or horses. The home is about ¾ of a mile off main road. Don't miss the opportunity to make this exceptional home yours. Schedule a viewing today!

24. 2024-07-28
    status Pending 1488-char remark

    Show marketing remark (1488 chars)

    Indulge in the serenity of rural living nestled on 3+ acres of countryside bliss! This home exudes a timeless charm, harmoniously blending with the serene rural landscape. As you approach, you'll be captivated by the expansive wrap-around porch, an ideal spot for savoring morning coffee or enjoying breathtaking Iowa sunsets. Steps inside a 3-season porch that leads to the heart of the home by a spacious kitchen with ample cabinet space. Bask in the abundance of natural light that floods the interior, creating an inviting atmosphere throughout. This dining area is huge to host family dinners. Relax in the nice size living room to reminisce and make new memories. One bedroom or could be an office on main level, and 3 generously sized bedrooms upstairs with views of the countryside. Be amazed by the size of the laundry room, which could also be used for other uses. The property hosts a steel bin, milk shed, & 30 x 36 pole barn which is a versatile space for creativity & productivity. Whether you're seeking a peaceful retreat or a place to pursue your passions, this property offers the perfect canvas for your ideal lifestyle surrounded by wildlife. There is so much space for the kids to run around, livestock, chickens, and as big of a garden as you can imagine. Over an acre of electrical fence for livestock or horses. The home is about ¾ of a mile off main road. Don't miss the opportunity to make this exceptional home yours. Schedule a viewing today!

25. 2024-07-26
    listed $340,000 Active 1488-char remark

    Show marketing remark (1488 chars)

    Indulge in the serenity of rural living nestled on 3+ acres of countryside bliss! This home exudes a timeless charm, harmoniously blending with the serene rural landscape. As you approach, you'll be captivated by the expansive wrap-around porch, an ideal spot for savoring morning coffee or enjoying breathtaking Iowa sunsets. Steps inside a 3-season porch that leads to the heart of the home by a spacious kitchen with ample cabinet space. Bask in the abundance of natural light that floods the interior, creating an inviting atmosphere throughout. This dining area is huge to host family dinners. Relax in the nice size living room to reminisce and make new memories. One bedroom or could be an office on main level, and 3 generously sized bedrooms upstairs with views of the countryside. Be amazed by the size of the laundry room, which could also be used for other uses. The property hosts a steel bin, milk shed, & 30 x 36 pole barn which is a versatile space for creativity & productivity. Whether you're seeking a peaceful retreat or a place to pursue your passions, this property offers the perfect canvas for your ideal lifestyle surrounded by wildlife. There is so much space for the kids to run around, livestock, chickens, and as big of a garden as you can imagine. Over an acre of electrical fence for livestock or horses. The home is about ¾ of a mile off main road. Don't miss the opportunity to make this exceptional home yours. Schedule a viewing today!

26. 2019-10-31
    soldstatus $205,000
27. 2019-10-28
    soldstatus $205,000 Sold
28. 2019-09-27
    status Pending
29. 2019-07-30
    price $215,000
30. 2019-07-20
    price $220,000
31. 2019-07-09
    status Active
32. 2019-07-05
    status Pending
33. 2019-05-23
    listed $225,000 Active
34. 2019-04-23
    historical
35. 2019-04-08
    listed $225,000 Active
36. 2015-07-02
    soldstatus $175,000
37. 2015-06-30
    soldstatus $175,000
38. 2015-05-22
    listed $175,000
39. 2006-09-19
    soldstatus $130,000
40. 2006-09-15
    soldstatus $130,000
41. 2006-08-14
    listed $132,000

ⓘ 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: $2,948 · $246/mo
• Projected year-2 tax: $4,528 · $377/mo
• Expected delta: +$1,580/yr (+$132/mo · 53.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $16,293
• − Mortgage interest: −$21,790
• − Property taxes: −$2,948
• − Insurance: −$1,945
• − Repairs & maintenance: −$1,303
• − Management: −$1,303
• − Depreciation: −$11,316
• Taxable loss: −$24,313
• Est. tax savings @ 24.0%: +$5,835
• After-tax cash flow: $-10,666/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: Earlham Community School District
• NCES district ID: 1910050
• Math proficiency: 75% ▼ -7.00%
• Reading proficiency: 72% ▲ 3.00%
• Median HH income: $69,032
• Composite: 64.11/100
• National rank: #573
• State rank: #69 of 289 in IA

Livability — Earlham

• Score: 77/100
• State rank: #164
• US rank: #2986

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,787

Population outlook (Madison County) Hauer SSP2

• Today (2025): 15,715 people
• By 2030: 15,565 · -1.0%
• By 2040: 15,203 · -3.3%
• By 2050: 14,640 · -6.8%
• By 2075: 13,384 · -14.8%
• By 2100: 11,967 · -23.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 4% Hispanic / Latino 3% Black 2% Native American 1%
• Common ancestry: Iranian 8% Portuguese 4% Romanian 3%
• Foreign-born: 3% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Madison

• 2024 margin: Solid R (+38.6) · D 30.1% · R 68.7% · Other 1.2%
• 2008→2024 swing: -28.6pp toward R · 2008: -10.0pp · 2024: -38.6pp
• All cycles: 2024: R+38.6 2020: R+34.3 2016: R+31.3 2012: R+12.1 2008: R+10.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 16.17%
• Current HPI: 261.5495
• 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

+199.2% since first listed

25 events — show timeline

• 2026-05-14 Price Changed $395,000 DMMLS
• 2026-04-29 Price Changed $400,000 DMMLS
• 2026-04-24 Price Changed $405,000 DMMLS
• 2026-04-13 Price Changed $415,000 DMMLS
• 2026-03-31 Listed $425,000 DMMLS
• 2024-08-28 Sold (Public Records) $345,000 Public Records
• 2024-08-28 Sold (MLS) $345,000 DMMLS
• 2024-07-28 Pending — DMMLS
• 2024-07-26 Listed $340,000 DMMLS
• 2019-10-31 Sold (Public Records) $205,000 Public Records
• 2019-10-28 Sold (MLS) $205,000 DMMLS
• 2019-09-27 Pending — DMMLS
• 2019-07-30 Price Changed $215,000 DMMLS
• 2019-07-20 Price Changed $220,000 DMMLS
• 2019-07-09 Relisted — DMMLS
• 2019-07-05 Pending — DMMLS
• 2019-05-23 Listed $225,000 DMMLS
• 2019-04-23 Listing Removed — DMMLS
• 2019-04-08 Listed $225,000 DMMLS
• 2015-07-02 Sold (Public Records) $175,000 Public Records
• 2015-06-30 Sold (MLS) $175,000 DMMLS
• 2015-05-22 Listed $175,000 DMMLS
• 2006-09-19 Sold (Public Records) $130,000 Public Records
• 2006-09-15 Sold (MLS) $130,000 DMMLS
• 2006-08-14 Listed $132,000 DMMLS

Property tax history

+4.9%/yr

Latest (2025): $2,948 · +0.7% YoY. Source: county tax records.