210 E Vine St · Ottumwa, IA 52501

$59,000

3 bd · 1.0 ba · 1,172 sqft · SingleFamily public records · 83 Days on market

Built 1920 $50/sqft · 7% below area Est $63k · 7% 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 +10.4/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Stop paying rent and start building equity! If you’ve been waiting for an affordable entry point—whether into homeownership or your next investment—this might be it. 210 E Vine offers a strong opportunity for buyers looking to build equity or generate income. Previously used as a rental, the home has a proven track record and a functional layout that makes it easy to see the potential. With a price point that leaves room for improvements, this is ideal for an investor seeking their next rental or a buyer willing to put in a little work and make it their own. Cash or conventional financing makes this one a great fit for buyers ready to move quickly and take advantage of the upside. Why keep paying rent when you could own—or own something that pays you back?

Key facts

• Built 1920
• Listed 82 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $59k.

Deal economics

• At list price, monthly cash flow is $554 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $59k).
• Recommended offer: $55k (6.0% below list) — sets the bar for market timing.
• Cap rate 17.6% vs local median 5.6% in Ottumwa — 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 80/100 on livability (#91 in IA, #1,900 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D-, employment D-.
• Ottumwa Community School District (town): math 50% / reading 54% proficiency, ranked #277 of 289 in IA (top 96%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Evans Middle School (math 45% / reading 53%, grade C-, #219 of 246 statewide, top 90%, 1,047 students, 46% FRL) — zoned schools at 46% FRL track the district average.
• Market conditions: 191 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 44 units permitted in Wapello County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $408 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Wapello County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($55k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $49k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $55,460 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 2.13% ✓
• Cap rate: 17.56%
• Cash-on-cash: 40.24%
• DSCR: 2.79
• GRM: 3.9

CMA / ARV

• ARV (median comp): $63,134
• List price: $59,000
• Delta: -6.55%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
125 N Davis St	0.12mi	3/1.0	1,240 (+6%)	10mo	$124,900	$101	77
519 W Finley Ave	0.45mi	3/1.0	1,196 (+2%)	2mo	$127,500	$107	74
249 S Ransom St	0.41mi	2/2.0 (-1)	1,162 (-1%)	3mo	$147,000	$127	68
175 N Ransom St	0.04mi	2/1.0 (-1)	1,002 (-14%)	11mo	$91,500	$91	60
317 S Ward St	0.50mi	3/1.0	1,248 (+6%)	8mo	$122,000	$98	59
313 W Williams St	0.52mi	2/1.5 (-1)	1,248 (+6%)	3mo	$160,000	$128	55
401 S Willard St	0.56mi	3/2.0	1,284 (+10%)	5mo	$153,000	$119	49
256 S Davis St	0.41mi	2/1.0 (-1)	1,032 (-12%)	10mo	$90,000	$87	47
134 Minnesota St	0.61mi	3/1.0	1,015 (-13%)	3mo	$100,000	$99	47
138 Minnesota St	0.62mi	3/1.0	1,037 (-12%)	7mo	$105,000	$101	46
117 S Milner St	0.45mi	4/1.0 (+1)	1,008 (-14%)	8mo	$134,000	$133	44
611 Tuttle St	0.71mi	3/1.0	1,040 (-11%)	6mo	$80,000	$77	43

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: 36.7%
• Equity multiple: 2.56×
• Total profit: $25,759
• Equity at exit: $8,797

10-year hold

• IRR: 43.3%
• Equity multiple: 5.12×
• Total profit: $68,015
• Equity at exit: $5,101

Cash invested: $16,520 (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 52501

• Active inventory: 191
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,257 medium
• Mortgage (P&I): −$309
• Tax from tax record: −$105 /mo · $1,258/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$264
• Net cashflow: $554

Break-even live

Break-even rent $555

Max offer price $59,000

Occupancy floor 51%

Sensitivity live

Price	-10% $587	-5% $571	+0% $554	+5% $537	+10% $521
Rent	-10% $455	-5% $504	+0% $554	+5% $604	+10% $653
Rate	-1.0pp $584	-0.5pp $569	base $554	+0.5pp $539	+1.0pp $523

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: $14,750
• Closing costs: $1,770
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
420 Minneopa Ave Unit 203 Ottumwa, IA	2.0	1.0	700	$1,150	$1.64	45d	1	1.22mi
420 Minneopa Ave Unit 204 Ottumwa, IA	2.0	1.0	800	$1,350	$1.69	45d	1	1.22mi

Listing history 28 events

1. 2026-06-22
   days on market $59,000 Active 83 DOM
2. 2026-06-21
   days on market $59,000 Active 82 DOM
3. 2026-06-21
   days on market $59,000 Active 81 DOM
4. 2026-06-18
   days on market $59,000 Active 79 DOM
5. 2026-06-17
   days on market $59,000 Active 78 DOM
6. 2026-06-16
   days on market $59,000 Active 77 DOM
7. 2026-06-15
   days on market $59,000 Active 76 DOM
8. 2026-06-13
   days on market $59,000 Active 74 DOM
9. 2026-06-12
   days on market $59,000 Active 73 DOM
10. 2026-06-09
    days on market $59,000 Active 70 DOM
11. 2026-06-08
    days on market $59,000 Active 69 DOM
12. 2026-06-07
    days on market $59,000 Active 68 DOM
13. 2026-06-07
    days on market $59,000 Active 67 DOM
14. 2026-06-04
    days on market $59,000 Active 64 DOM
15. 2026-06-02
    days on market $59,000 Active 63 DOM
16. 2026-06-01
    days on market $59,000 Active 62 DOM
17. 2026-05-31
    days on market $59,000 Active 61 DOM
18. 2026-05-31
    days on market $59,000 Active 60 DOM
19. 2026-04-29
    price $59,000 790-char remark

    Show marketing remark (790 chars)

    Stop paying rent and start building equity! If you’ve been waiting for an affordable entry point—whether into homeownership or your next investment—this might be it. 210 E Vine offers a strong opportunity for buyers looking to build equity or generate income. Previously used as a rental, the home has a proven track record and a functional layout that makes it easy to see the potential. With a price point that leaves room for improvements, this is ideal for an investor seeking their next rental or a buyer willing to put in a little work and make it their own. Cash or conventional financing makes this one a great fit for buyers ready to move quickly and take advantage of the upside. Why keep paying rent when you could own—or own something that pays you back?

20. 2026-04-28
    price $59,000 791-char remark

    Show marketing remark (791 chars)

    Stop paying rent and start building equity! If you’ve been waiting for an affordable entry point—whether into homeownership or your next investment—this might be it. 210 E Vine offers a strong opportunity for buyers looking to build equity or generate income. Previously used as a rental, the home has a proven track record and a functional layout that makes it easy to see the potential. With a price point that leaves room for improvements, this is ideal for an investor seeking their next rental or a buyer willing to put in a little work and make it their own. Cash or conventional financing makes this one a great fit for buyers ready to move quickly and take advantage of the upside. Why keep paying rent when you could own—or own something that pays you back?

21. 2026-04-07
    price $69,000 790-char remark

    Show marketing remark (791 chars)

    Stop paying rent and start building equity! If you’ve been waiting for an affordable entry point—whether into homeownership or your next investment—this might be it. 210 E Vine offers a strong opportunity for buyers looking to build equity or generate income. Previously used as a rental, the home has a proven track record and a functional layout that makes it easy to see the potential. With a price point that leaves room for improvements, this is ideal for an investor seeking their next rental or a buyer willing to put in a little work and make it their own. Cash or conventional financing makes this one a great fit for buyers ready to move quickly and take advantage of the upside. Why keep paying rent when you could own—or own something that pays you back?

22. 2026-04-07
    price $69,000 791-char remark

    Show marketing remark (791 chars)

    Stop paying rent and start building equity! If you’ve been waiting for an affordable entry point—whether into homeownership or your next investment—this might be it. 210 E Vine offers a strong opportunity for buyers looking to build equity or generate income. Previously used as a rental, the home has a proven track record and a functional layout that makes it easy to see the potential. With a price point that leaves room for improvements, this is ideal for an investor seeking their next rental or a buyer willing to put in a little work and make it their own. Cash or conventional financing makes this one a great fit for buyers ready to move quickly and take advantage of the upside. Why keep paying rent when you could own—or own something that pays you back?

23. 2026-04-01
    price $79,000 790-char remark

    Show marketing remark (790 chars)

    Stop paying rent and start building equity! If you’ve been waiting for an affordable entry point—whether into homeownership or your next investment—this might be it. 210 E Vine offers a strong opportunity for buyers looking to build equity or generate income. Previously used as a rental, the home has a proven track record and a functional layout that makes it easy to see the potential. With a price point that leaves room for improvements, this is ideal for an investor seeking their next rental or a buyer willing to put in a little work and make it their own. Cash or conventional financing makes this one a great fit for buyers ready to move quickly and take advantage of the upside. Why keep paying rent when you could own—or own something that pays you back?

24. 2026-03-31
    listed $79,000,000 Active 790-char remark

    Show marketing remark (791 chars)

    Stop paying rent and start building equity! If you’ve been waiting for an affordable entry point—whether into homeownership or your next investment—this might be it. 210 E Vine offers a strong opportunity for buyers looking to build equity or generate income. Previously used as a rental, the home has a proven track record and a functional layout that makes it easy to see the potential. With a price point that leaves room for improvements, this is ideal for an investor seeking their next rental or a buyer willing to put in a little work and make it their own. Cash or conventional financing makes this one a great fit for buyers ready to move quickly and take advantage of the upside. Why keep paying rent when you could own—or own something that pays you back?

25. 2026-03-31
    listed $79,000 Active 791-char remark

    Show marketing remark (791 chars)

    Stop paying rent and start building equity! If you’ve been waiting for an affordable entry point—whether into homeownership or your next investment—this might be it. 210 E Vine offers a strong opportunity for buyers looking to build equity or generate income. Previously used as a rental, the home has a proven track record and a functional layout that makes it easy to see the potential. With a price point that leaves room for improvements, this is ideal for an investor seeking their next rental or a buyer willing to put in a little work and make it their own. Cash or conventional financing makes this one a great fit for buyers ready to move quickly and take advantage of the upside. Why keep paying rent when you could own—or own something that pays you back?

26. 2024-07-15
    soldstatus $49,000
27. 2006-10-10
    soldstatus $49,000
28. 2006-03-30
    soldstatus $15,000

ⓘ 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: $1,258 · $105/mo
• Projected year-2 tax: $1,258 · $105/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 ≥106°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,080
• − Mortgage interest: −$3,305
• − Property taxes: −$1,258
• − Insurance: −$295
• − Repairs & maintenance: −$1,206
• − Management: −$1,206
• − Depreciation: −$1,716
• Taxable income: $6,093
• Est. tax owed @ 24.0%: −$1,462
• After-tax cash flow: $5,185/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: Ottumwa Community School District
• NCES district ID: 1922110
• Math proficiency: 50% ▼ -9.00%
• Reading proficiency: 54% ▲ 1.00%
• Median HH income: $39,864
• Composite: 43.46/100
• National rank: #3004
• State rank: #277 of 289 in IA

Livability — Ottumwa

• Score: 80/100
• State rank: #91
• US rank: #1900

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ottumwa, IA
• Population (ZIP): 30,341

Population outlook (Wapello County) Hauer SSP2

• Today (2025): 35,472 people
• By 2030: 35,563 · +0.3%
• By 2040: 36,083 · +1.7%
• By 2050: 37,287 · +5.1%
• By 2075: 43,898 · +23.8%
• By 2100: 52,973 · +49.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 14% Two or more races 7% Black 4% Pacific Islander 2% Asian 2%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Iranian 4% Italian 1% Slovak 1%
• Foreign-born: 11% · Canada
• Languages at home: 84% English-only · Spanish 10% Other Asian/Pacific 3% Tagalog/Filipino 1%

Political lean MEDSL · Wapello

• 2024 margin: Solid R (+31.4) · D 33.6% · R 65.0% · Other 1.4%
• 2008→2024 swing: -45.0pp toward R · 2008: 13.5pp · 2024: -31.4pp
• All cycles: 2024: R+31.4 2020: R+23.6 2016: R+20.8 2012: D+11.8 2008: D+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -94.66%
• Current HPI: 174.6021
• 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

+293.3% since first listed

10 events — show timeline

• 2026-04-29 Price Changed $59,000 IAR
• 2026-04-28 Price Changed $59,000 DMMLS
• 2026-04-07 Price Changed $69,000 IAR
• 2026-04-07 Price Changed $69,000 DMMLS
• 2026-04-01 Price Changed $79,000 IAR
• 2026-03-31 Listed $79,000 DMMLS
• 2026-03-31 Listed $79,000,000 IAR
• 2024-07-15 Sold (Public Records) $49,000 Public Records
• 2006-10-10 Sold (Public Records) $49,000 Public Records
• 2006-03-30 Sold (Public Records) $15,000 Public Records

Property tax history

-0.1%/yr

Latest (2025): $1,258 · +5.4% YoY. Source: county tax records.