308 N 5th St · Marshalltown, IA 50158

$80,000

2 bd · 1.0 ba · 1,125 sqft · SingleFamily public records · 12 Days on market

Built 1890 Est $115k · 30% under

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Why this score? — see what drove the C+ 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 +20.8/30.0
• ARV discount +15.0/15.0
• DSCR +6.6/10.0
• 1% rule +5.9/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

New roof in 2019, central air new in 2019 new dish washer in 2023. Detached garage, fenced front yard, small garden, 3 bedroom but has more bedrooms in basement needs a little tlc and egress windows can be marketed as 5 bedroom. New windows and lead proofed in 2014. Very liveable close to rogers school.

Key facts

• New dish washer
• Fenced front yard
• Central air

Tags

• NEW ROOF
• CENTRAL AIR
• NEW DISH WASHER
• DETACHED GARAGE
• FENCED FRONT YARD
• SMALL GARDEN

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $110 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($870 rent vs $80k).
• Cap rate 7.9% vs local median 4.4% in Marshalltown — 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 (#133 in IA, #2,464 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, amenities F.
• Marshalltown Community School District (town): math 50% / reading 52% proficiency, ranked #278 of 289 in IA (top 96%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 163 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 35 units permitted in Marshall County in 2024 (0 in 5+ unit buildings).
• This rent is only 15% of the median local income ($70k/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 $553 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Marshall County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $59k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $80,000

Questions for the listing agent

1. Built in 1890 — 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. 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.
4. 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.
5. 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: 1.09% ✓
• Cap rate: 7.94%
• Cash-on-cash: 5.90%
• DSCR: 1.26
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $114,750
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5 W Lincoln St	0.40mi	2/1.0	1,073 (-5%)	6mo	$79,000	$74	68
504 N 1st St	0.36mi	3/2.0 (+1)	1,142 (+2%)	5mo	$117,400	$103	67
107 S 5th St	0.44mi	2/1.0	1,044 (-7%)	7mo	$45,000	$43	62
603 N 1st Ave	0.58mi	3/1.0 (+1)	1,100 (-2%)	4mo	$31,000	$28	61
907 W State St	0.42mi	3/1.5 (+1)	1,043 (-7%)	5mo	$140,000	$134	57
207 S 4th St	0.53mi	3/1.0 (+1)	1,212 (+8%)	4mo	$130,000	$107	54
504 W Boone St	0.57mi	3/1.5 (+1)	1,172 (+4%)	7mo	$119,900	$102	54
404 W Madison St	0.74mi	2/1.0	1,195 (+6%)	2mo	$106,900	$89	53
107 S 12th St	0.75mi	3/1.5 (+1)	1,083 (-4%)	3mo	$145,000	$134	50
409 N 3rd Ave	0.70mi	3/2.0 (+1)	1,188 (+6%)	2mo	$30,000	$25	47
110 Marion St	0.61mi	2/1.0	964 (-14%)	2mo	$60,000	$62	46
1003 W Church St	0.56mi	3/1.5 (+1)	1,232 (+10%)	9mo	$157,500	$128	44

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: -7.2%
• Equity multiple: 0.74×
• Total profit: $-5,924
• Equity at exit: $11,928

10-year hold

• IRR: 2.5%
• Equity multiple: 1.18×
• Total profit: $3,983
• Equity at exit: $6,917

Cash invested: $22,400 (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 50158

• Active inventory: 163
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $870 high
• Mortgage (P&I): −$420
• Tax from tax record: −$124 /mo · $1,490/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$183
• Net cashflow: $110

Break-even live

Break-even rent $730

Max offer price $80,000

Occupancy floor 82%

Sensitivity live

Price	-10% $155	-5% $133	+0% $110	+5% $87	+10% $65
Rent	-10% $41	-5% $76	+0% $110	+5% $144	+10% $179
Rate	-1.0pp $150	-0.5pp $130	base $110	+0.5pp $89	+1.0pp $68

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
511 W State St Unit 5 Marshalltown, IA	2.0	1.0	911	$895	$0.98	44d	1	0.24mi
519 N 3rd St Unit 10 Marshalltown, IA	1.0	1.0	700	$650	$0.93	44d	1	0.30mi
407 W Main St Marshalltown, IA	1.0	1.0	750	$775	$1.03	44d	1	0.32mi
1 W Grant St Marshalltown, IA	1.0	1.0	700	$700	$1.00	44d	1	0.40mi
201 N 2nd Ave Marshalltown, IA	1.0	1.0	736	$600	$0.82	44d	2	0.63mi
1010 Washington St Marshalltown, IA	3.0	1.0–2.0	1098	$1,262	$1.15	44d	3	1.05mi
511 S 7th Ave Marshalltown, IA	2.0	1.0	784	$738	$0.94	44d	2	1.33mi
605 S 7th Ave Unit 605-01 Marshalltown, IA	2.0	1.0	784	$700	$0.89	44d	1	1.35mi

Listing history 10 events

1. 2026-06-21
   days on market $80,000 Active 12 DOM
2. 2026-06-19
   days on market $80,000 Active 10 DOM
3. 2026-06-18
   days on market $80,000 Active 9 DOM
4. 2026-06-17
   days on market $80,000 Active 8 DOM
5. 2026-06-16
   days on market $80,000 Active 7 DOM
6. 2026-06-15
   days on market $80,000 Active 6 DOM
7. 2026-06-14
   days on market $80,000 Active 4 DOM
8. 2026-06-12
   days on market $80,000 Active 3 DOM
9. 2026-06-09
   remarks 304-char remark
10. 2026-06-09
    listed $80,000 Active 1 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: $1,490 · $124/mo
• Projected year-2 tax: $1,490 · $124/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 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,437
• − Mortgage interest: −$4,481
• − Property taxes: −$1,490
• − Insurance: −$400
• − Repairs & maintenance: −$835
• − Management: −$835
• − Depreciation: −$2,327
• Taxable income: $69
• Est. tax owed @ 24.0%: −$16
• After-tax cash flow: $1,305/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: Marshalltown Community School District
• NCES district ID: 1918720
• Math proficiency: 50% ▼ -8.00%
• Reading proficiency: 52% ▬ 0.00%
• Median HH income: $47,877
• Composite: 43.41/100
• National rank: #3015
• State rank: #278 of 289 in IA

Livability — Marshalltown

• Score: 78/100
• State rank: #133
• US rank: #2464

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marshalltown, IA
• County: Marshall County · 31,396 people
• City population: 31,396
• Metro: Marshalltown, IA
• Population (ZIP): 31,396
• Household income: $70,367
• Rent vs Own: 28.4% rent · 71.6% own
• Severe rent burden: 369.0

Population outlook (Marshall County) Hauer SSP2

• Today (2025): 41,166 people
• By 2030: 41,477 · +0.8%
• By 2040: 42,548 · +3.4%
• By 2050: 44,472 · +8.0%
• By 2075: 52,719 · +28.1%
• By 2100: 60,912 · +48.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (60%)
• Race & ethnicity: White 60% Hispanic / Latino 30% Two or more races 14% Asian 5% Black 2% Native American 1%
• Hispanic origin (detail): Mexican 25%
• Common ancestry: Portuguese 3% Italian 2% Iranian 1%
• Foreign-born: 17% · Canada, Philippines, China
• Languages at home: 71% English-only · Spanish 24% Other Asian/Pacific 4% French/Haitian/Cajun 1%

Political lean MEDSL · Marshall

• 2024 margin: R (+15.6) · D 41.4% · R 57.0% · Other 1.6%
• 2008→2024 swing: -24.9pp toward R · 2008: 9.3pp · 2024: -15.6pp
• All cycles: 2024: R+15.6 2020: R+7.7 2016: R+8.5 2012: D+8.9 2008: D+9.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -161.80%
• Current HPI: 177.4692
• Rent YoY: —
• Metro: Marshalltown, 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

+23.1% since first listed

5 events — show timeline

• 2026-06-10 Listed $80,000 FSBO.com
• 2017-08-29 Sold (Public Records) $59,000 Public Records
• 2010-11-18 Sold (Public Records) $48,500 Public Records
• 2009-11-25 Sold (Public Records) $73,239 Public Records
• 2008-01-24 Sold (Public Records) $65,000 Public Records

Property tax history

+5.1%/yr

Latest (2025): $1,490 · +5.8% YoY. Source: county tax records.