819 W 5th St · Storm Lake, IA 50588

$124,500

5 bd · 2.0 ba · 2,627 sqft · SingleFamily public records · 45 Days on market

Built 1910 0.34 ac lot $47/sqft · 52% below area Est $212k · 41% 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 +23.5/30.0
• ARV discount +15.0/15.0
• DSCR +7.6/10.0
• 1% rule +6.3/10.0
• Schools +4.3/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

819 W. 5th Street in Storm Lake IA offers a rare combination of space and flexibility. With five bedrooms and two bathrooms, this home offers plenty of room to grow, making it an excellent fit for larger households, multi-generational living, or anyone who needs extra space for work or hobbies. The generous layout creates endless possibilities—whether you envision a comfortable home, a rental investment, or a creative renovation project tailored to your personal style. Truly giving you the freedom to make the space your own. Short distance from the lake, this property blends convenience with small-town charm. 819 W. 5th Street is more than just a house—it’s a versatile can

Key facts

• Versatile canvas
• Generous layout
• Small-town charm

Tags

• GENEROUS LAYOUT
• SHORT DISTANCE FROM THE LAKE
• SMALL-TOWN CHARM
• VERSATILE CANVAS

Property features AI

Exterior

• Parking: Gravel parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Stucco exterior; Shingle roof
• Exterior features: Patio; Level lot with few trees

Interior

• Flooring: Hardwood floors
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Hot water heating; Radiant heating
• Interior features: Built-in features; Crown molding; One fireplace
• Laundry & utility: Laundry on the main level

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $124k.

Deal economics

• At list price, monthly cash flow is $232 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $124k).
• Recommended offer: $121k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 2.9% in Storm Lake — 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 76/100 on livability (#190 in IA, #3,480 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment D-.
• Storm Lake Community School District (town): math 47% / reading 54% proficiency, ranked #280 of 289 in IA (top 97%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Storm Lake Elementary (math 48% / reading 45%, grade D-, #546 of 616 statewide, top 89%, 814 students, 76% FRL); Storm Lake Middle School (math 48% / reading 54%, grade C, #210 of 246 statewide, top 87%, 787 students, 69% FRL); Storm Lake High School (math 45% / reading 61%, grade C-, #296 of 336 statewide, top 88%, 793 students, 62% FRL).
• Market conditions: 85 active listings in the ZIP; 164 units permitted in Buena Vista County in 2024 (71 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $861 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Buena Vista County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $68k; list at $124k implies a 83% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $120,765 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — 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. 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: 1.13% ✓
• Cap rate: 8.53%
• Cash-on-cash: 7.99%
• DSCR: 1.36
• GRM: 7.4

CMA / ARV

• ARV (median comp): $212,120
• List price: $124,500
• Delta: -41.31%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
110 Lake Ave	0.73mi	4/2.5 (-1)	2,658 (+1%)	0mo	$320,000	$120	57
1215 W 6th St	0.27mi	4/1.5 (-1)	2,384 (-9%)	13mo	$178,000	$75	54
227 Lake Ave	0.69mi	5/2.5	2,808 (+7%)	1mo	$332,500	$118	54
318 Geneseo St	0.51mi	4/1.5 (-1)	2,432 (-7%)	9mo	$231,500	$95	50
315 W Lakeshore Dr	0.55mi	4/2.0 (-1)	2,480 (-6%)	22mo	$220,000	$89	42
1519 Shoreway Rd	0.54mi	4/3.5 (-1)	2,988 (+14%)	12mo	$355,000	$119	31
216 Geneseo St	0.58mi	4/2.5 (-1)	2,237 (-15%)	20mo	$214,900	$96	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -4.1%
• Equity multiple: 0.85×
• Total profit: $-5,348
• Equity at exit: $18,563

10-year hold

• IRR: 5.6%
• Equity multiple: 1.42×
• Total profit: $14,531
• Equity at exit: $10,764

Cash invested: $34,860 (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 50588

• Home prices YoY: -13.3%
• Active inventory: 85
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,411 medium
• Mortgage (P&I): −$653
• Tax from tax record: −$178 /mo · $2,136/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $232

Break-even live

Break-even rent $1,117

Max offer price $124,500

Occupancy floor 79%

Sensitivity live

Price	-10% $303	-5% $267	+0% $232	+5% $197	+10% $162
Rent	-10% $121	-5% $176	+0% $232	+5% $288	+10% $344
Rate	-1.0pp $295	-0.5pp $264	base $232	+0.5pp $200	+1.0pp $167

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: $31,125
• Closing costs: $3,735
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-21
   days on market $124,500 Active 45 DOM
2. 2026-06-18
   days on market $124,500 Active 43 DOM
3. 2026-06-17
   days on market $124,500 Active 42 DOM
4. 2026-06-16
   days on market $124,500 Active 41 DOM
5. 2026-06-15
   days on market $124,500 Active 40 DOM
6. 2026-06-13
   days on market $124,500 Active 38 DOM
7. 2026-06-12
   days on market $124,500 Active 37 DOM
8. 2026-06-09
   days on market $124,500 Active 34 DOM
9. 2026-06-08
   days on market $124,500 Active 33 DOM
10. 2026-06-07
    days on market $124,500 Active 32 DOM
11. 2026-06-04
    days on market $124,500 Active 28 DOM
12. 2026-06-03
    price $124,500 Active 27 DOM
13. 2026-06-02
    days on market $129,000 Active 27 DOM
14. 2026-06-01
    days on market $129,000 Active 26 DOM
15. 2026-05-31
    days on market $129,000 Active 25 DOM
16. 2026-05-31
    days on market $129,000 Active 24 DOM
17. 2026-05-06
    listed $129,000 Active 753-char remark
18. 2006-12-07
    soldstatus $68,000

ⓘ 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: $2,136 · $178/mo
• Projected year-2 tax: $2,136 · $178/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥99°F today · 15 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: $16,937
• − Mortgage interest: −$6,974
• − Property taxes: −$2,136
• − Insurance: −$622
• − Repairs & maintenance: −$1,355
• − Management: −$1,355
• − Depreciation: −$3,622
• Taxable income: $873
• Est. tax owed @ 24.0%: −$209
• After-tax cash flow: $2,577/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: Storm Lake Community School District
• NCES district ID: 1927390
• Math proficiency: 47% ▼ -9.00%
• Reading proficiency: 54% ▲ 1.00%
• Median HH income: $45,998
• Composite: 42.79/100
• National rank: #3145
• State rank: #280 of 289 in IA

Livability — Storm Lake

• Score: 76/100
• State rank: #190
• US rank: #3480

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Storm Lake, IA
• Population (ZIP): 13,346

Population outlook (Buena Vista County) Hauer SSP2

• Today (2025): 20,775 people
• By 2030: 21,101 · +1.6%
• By 2040: 21,955 · +5.7%
• By 2050: 23,202 · +11.7%
• By 2075: 27,159 · +30.7%
• By 2100: 29,578 · +42.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 42% Hispanic / Latino 37% Asian 13% Two or more races 11% Pacific Islander 3% Black 3%
• Hispanic origin (detail): Mexican 27% Cuban 3%
• Common ancestry: Portuguese 2% Iranian 1% Slovak 1%
• Foreign-born: 28% · Canada, Philippines, South Korea
• Languages at home: 54% English-only · Spanish 31% Other Asian/Pacific 13%

Political lean MEDSL · Buena Vista

• 2024 margin: Solid R (+33.3) · D 32.8% · R 66.0% · Other 1.2%
• 2008→2024 swing: -31.5pp toward R · 2008: -1.8pp · 2024: -33.3pp
• All cycles: 2024: R+33.3 2020: R+25.6 2016: R+25.0 2012: R+10.4 2008: R+1.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -38.05%
• Current HPI: 248.8806
• 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

+83.1% since first listed

4 events — show timeline

• 2026-06-02 Price Changed $124,500 NWIA
• 2026-06-02 Price Changed $124,900 NWIA
• 2026-05-06 Listed $129,000 NWIA
• 2006-12-07 Sold (Public Records) $68,000 Public Records

Property tax history

+5.2%/yr

Latest (2025): $2,136 · +9.4% YoY. Source: county tax records.