1003 Edgington Ave · Eldora, IA 50627

$109,000

3 bd · 1.5 ba · 2,956 sqft · SingleFamily public records · 166 Days on market

Built 1890 0.31 ac lot $37/sqft · 35% below area Est $169k · 35% 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 +18.7/30.0
• ARV discount +15.0/15.0
• DSCR +5.9/10.0
• 1% rule +5.3/10.0
• Schools +5.3/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +2.0/10.0

Listing remarks MLS

* * Charming Historic Home with Timeless Elegance * * Step into a piece of history with this beautifully preserved historic home, where original architectural details blend seamlessly with modern updates. This stunning residence features 3000 square feet, 4 to 5 spacious bedrooms and 1.5 elegantly appointed bathrooms, providing ample space for family and guests. As you enter, you'll be greeted by exquisite original woodwork that highlights the craftsmanship of a bygone era. The tall cielings and design will have your guests admiring from the second they walk in. The formal living and dining room sets the stage for unforgettable gatherings, while multiple fireplaces throughout the home add warmth and character to every corner. Enjoy the serenity of the outdoors from the second-level walk-out porch, perfect for morning coffee or evening relaxation, while the newly constructed exterior deck offers a delightful space for entertaining amidst beautifully landscaped surroundings. The exterior also provides a large corner lot with a detached 2 stall garage. Don’t miss this rare opportunity to own a beautiful piece of history with all the comforts of contemporary life. Schedule your private tour today and experience the charm of this exceptional home!

Key facts

• Multiple fireplaces
• Tall ceilings
• Original woodwork

Tags

• HISTORIC HOME
• ORIGINAL ARCHITECTURAL DETAILS
• ORIGINAL WOODWORK
• TALL CEILINGS
• MULTIPLE FIREPLACES
• SECOND-LEVEL WALK-OUT PORCH

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $109k.

Deal economics

• At list price, monthly cash flow is $107 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $109k).
• Recommended offer: $96k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 71/100 on livability (#336 in IA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Eldora-New Providence Community School District (rural): math 60% / reading 66% proficiency, ranked #217 of 289 in IA (top 75%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 30 active listings in the ZIP; 6 units permitted in Hardin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $754 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Hardin County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 166 days — a 12% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y ago; this cycle's ask has dropped $21k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; list at $109k implies a 172% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $95,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 166 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1890 — 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. Schools are B-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?
6. Crime grade is F 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?
7. 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.
8. 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.
9. 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: 1.03% ✓
• Cap rate: 7.48%
• Cash-on-cash: 4.22%
• DSCR: 1.19
• GRM: 8.1

CMA / ARV

• ARV (median comp): $168,744
• List price: $109,000
• Delta: -35.41%
• Verdict: UNDERPRICED
• Comps: 18 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1310 6th St	0.30mi	3/3.0	2,972 (+0%)	8mo	$215,000	$72	73
1014 10th St	0.16mi	4/2.0 (+1)	2,770 (-6%)	18mo	$155,000	$56	60
1225 Washington St	0.17mi	4/4.5 (+1)	3,318 (+12%)	1mo	$15,500	$5	54

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: -9.7%
• Equity multiple: 0.65×
• Total profit: $-10,787
• Equity at exit: $16,252

10-year hold

• IRR: -0.2%
• Equity multiple: 0.99×
• Total profit: $-451
• Equity at exit: $9,424

Cash invested: $30,520 (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 50627

• Home prices YoY: -3.7%
• Active inventory: 30
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,121 medium
• Mortgage (P&I): −$572
• Tax from tax record: −$161 /mo · $1,932/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $107

Break-even live

Break-even rent $985

Max offer price $109,000

Occupancy floor 85%

Sensitivity live

Price	-10% $169	-5% $138	+0% $107	+5% $77	+10% $46
Rent	-10% $19	-5% $63	+0% $107	+5% $152	+10% $196
Rate	-1.0pp $162	-0.5pp $135	base $107	+0.5pp $79	+1.0pp $50

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: $27,250
• Closing costs: $3,270
• Reserves months: —
• Total cash needed: —

Listing history 30 events

1. 2026-06-21
   days on market $109,000 Active 166 DOM
2. 2026-06-18
   days on market $109,000 Active 164 DOM
3. 2026-06-17
   days on market $109,000 Active 163 DOM
4. 2026-06-16
   days on market $109,000 Active 162 DOM
5. 2026-06-15
   days on market $109,000 Active 161 DOM
6. 2026-06-13
   days on market $109,000 Active 159 DOM
7. 2026-06-12
   days on market $109,000 Active 158 DOM
8. 2026-06-09
   days on market $109,000 Active 155 DOM
9. 2026-06-08
   days on market $109,000 Active 154 DOM
10. 2026-06-07
    days on market $109,000 Active 153 DOM
11. 2026-06-07
    days on market $109,000 Active 152 DOM
12. 2026-06-04
    days on market $109,000 Active 149 DOM
13. 2026-06-02
    days on market $109,000 Active 148 DOM
14. 2026-06-01
    days on market $109,000 Active 147 DOM
15. 2026-05-31
    days on market $109,000 Active 146 DOM
16. 2026-05-31
    days on market $109,000 Active 145 DOM
17. 2026-05-04
    price $109,000 1272-char remark

    Show marketing remark (1272 chars)

    * * Charming Historic Home with Timeless Elegance * * Step into a piece of history with this beautifully preserved historic home, where original architectural details blend seamlessly with modern updates. This stunning residence features 3000 square feet, 4 to 5 spacious bedrooms and 1.5 elegantly appointed bathrooms, providing ample space for family and guests. As you enter, you'll be greeted by exquisite original woodwork that highlights the craftsmanship of a bygone era. The tall cielings and design will have your guests admiring from the second they walk in. The formal living and dining room sets the stage for unforgettable gatherings, while multiple fireplaces throughout the home add warmth and character to every corner. Enjoy the serenity of the outdoors from the second-level walk-out porch, perfect for morning coffee or evening relaxation, while the newly constructed exterior deck offers a delightful space for entertaining amidst beautifully landscaped surroundings. The exterior also provides a large corner lot with a detached 2 stall garage. Don’t miss this rare opportunity to own a beautiful piece of history with all the comforts of contemporary life. Schedule your private tour today and experience the charm of this exceptional home!

18. 2026-05-04
    price $109,000 1272-char remark

    Show marketing remark (1272 chars)

    * * Charming Historic Home with Timeless Elegance * * Step into a piece of history with this beautifully preserved historic home, where original architectural details blend seamlessly with modern updates. This stunning residence features 3000 square feet, 4 to 5 spacious bedrooms and 1.5 elegantly appointed bathrooms, providing ample space for family and guests. As you enter, you'll be greeted by exquisite original woodwork that highlights the craftsmanship of a bygone era. The tall cielings and design will have your guests admiring from the second they walk in. The formal living and dining room sets the stage for unforgettable gatherings, while multiple fireplaces throughout the home add warmth and character to every corner. Enjoy the serenity of the outdoors from the second-level walk-out porch, perfect for morning coffee or evening relaxation, while the newly constructed exterior deck offers a delightful space for entertaining amidst beautifully landscaped surroundings. The exterior also provides a large corner lot with a detached 2 stall garage. Don’t miss this rare opportunity to own a beautiful piece of history with all the comforts of contemporary life. Schedule your private tour today and experience the charm of this exceptional home!

19. 2026-04-10
    price $117,900 1272-char remark

    Show marketing remark (1272 chars)

    * * Charming Historic Home with Timeless Elegance * * Step into a piece of history with this beautifully preserved historic home, where original architectural details blend seamlessly with modern updates. This stunning residence features 3000 square feet, 4 to 5 spacious bedrooms and 1.5 elegantly appointed bathrooms, providing ample space for family and guests. As you enter, you'll be greeted by exquisite original woodwork that highlights the craftsmanship of a bygone era. The tall cielings and design will have your guests admiring from the second they walk in. The formal living and dining room sets the stage for unforgettable gatherings, while multiple fireplaces throughout the home add warmth and character to every corner. Enjoy the serenity of the outdoors from the second-level walk-out porch, perfect for morning coffee or evening relaxation, while the newly constructed exterior deck offers a delightful space for entertaining amidst beautifully landscaped surroundings. The exterior also provides a large corner lot with a detached 2 stall garage. Don’t miss this rare opportunity to own a beautiful piece of history with all the comforts of contemporary life. Schedule your private tour today and experience the charm of this exceptional home!

20. 2026-04-10
    price $117,900 1272-char remark

    Show marketing remark (1272 chars)

    * * Charming Historic Home with Timeless Elegance * * Step into a piece of history with this beautifully preserved historic home, where original architectural details blend seamlessly with modern updates. This stunning residence features 3000 square feet, 4 to 5 spacious bedrooms and 1.5 elegantly appointed bathrooms, providing ample space for family and guests. As you enter, you'll be greeted by exquisite original woodwork that highlights the craftsmanship of a bygone era. The tall cielings and design will have your guests admiring from the second they walk in. The formal living and dining room sets the stage for unforgettable gatherings, while multiple fireplaces throughout the home add warmth and character to every corner. Enjoy the serenity of the outdoors from the second-level walk-out porch, perfect for morning coffee or evening relaxation, while the newly constructed exterior deck offers a delightful space for entertaining amidst beautifully landscaped surroundings. The exterior also provides a large corner lot with a detached 2 stall garage. Don’t miss this rare opportunity to own a beautiful piece of history with all the comforts of contemporary life. Schedule your private tour today and experience the charm of this exceptional home!

21. 2026-03-05
    price $122,900 1272-char remark

    Show marketing remark (1272 chars)

    * * Charming Historic Home with Timeless Elegance * * Step into a piece of history with this beautifully preserved historic home, where original architectural details blend seamlessly with modern updates. This stunning residence features 3000 square feet, 4 to 5 spacious bedrooms and 1.5 elegantly appointed bathrooms, providing ample space for family and guests. As you enter, you'll be greeted by exquisite original woodwork that highlights the craftsmanship of a bygone era. The tall cielings and design will have your guests admiring from the second they walk in. The formal living and dining room sets the stage for unforgettable gatherings, while multiple fireplaces throughout the home add warmth and character to every corner. Enjoy the serenity of the outdoors from the second-level walk-out porch, perfect for morning coffee or evening relaxation, while the newly constructed exterior deck offers a delightful space for entertaining amidst beautifully landscaped surroundings. The exterior also provides a large corner lot with a detached 2 stall garage. Don’t miss this rare opportunity to own a beautiful piece of history with all the comforts of contemporary life. Schedule your private tour today and experience the charm of this exceptional home!

22. 2026-03-05
    price $122,900 1272-char remark

    Show marketing remark (1272 chars)

    * * Charming Historic Home with Timeless Elegance * * Step into a piece of history with this beautifully preserved historic home, where original architectural details blend seamlessly with modern updates. This stunning residence features 3000 square feet, 4 to 5 spacious bedrooms and 1.5 elegantly appointed bathrooms, providing ample space for family and guests. As you enter, you'll be greeted by exquisite original woodwork that highlights the craftsmanship of a bygone era. The tall cielings and design will have your guests admiring from the second they walk in. The formal living and dining room sets the stage for unforgettable gatherings, while multiple fireplaces throughout the home add warmth and character to every corner. Enjoy the serenity of the outdoors from the second-level walk-out porch, perfect for morning coffee or evening relaxation, while the newly constructed exterior deck offers a delightful space for entertaining amidst beautifully landscaped surroundings. The exterior also provides a large corner lot with a detached 2 stall garage. Don’t miss this rare opportunity to own a beautiful piece of history with all the comforts of contemporary life. Schedule your private tour today and experience the charm of this exceptional home!

23. 2026-01-05
    listed $129,900 Active 1272-char remark

    Show marketing remark (1272 chars)

    * * Charming Historic Home with Timeless Elegance * * Step into a piece of history with this beautifully preserved historic home, where original architectural details blend seamlessly with modern updates. This stunning residence features 3000 square feet, 4 to 5 spacious bedrooms and 1.5 elegantly appointed bathrooms, providing ample space for family and guests. As you enter, you'll be greeted by exquisite original woodwork that highlights the craftsmanship of a bygone era. The tall cielings and design will have your guests admiring from the second they walk in. The formal living and dining room sets the stage for unforgettable gatherings, while multiple fireplaces throughout the home add warmth and character to every corner. Enjoy the serenity of the outdoors from the second-level walk-out porch, perfect for morning coffee or evening relaxation, while the newly constructed exterior deck offers a delightful space for entertaining amidst beautifully landscaped surroundings. The exterior also provides a large corner lot with a detached 2 stall garage. Don’t miss this rare opportunity to own a beautiful piece of history with all the comforts of contemporary life. Schedule your private tour today and experience the charm of this exceptional home!

24. 2026-01-05
    listed $129,900 Active 1272-char remark

    Show marketing remark (1272 chars)

    * * Charming Historic Home with Timeless Elegance * * Step into a piece of history with this beautifully preserved historic home, where original architectural details blend seamlessly with modern updates. This stunning residence features 3000 square feet, 4 to 5 spacious bedrooms and 1.5 elegantly appointed bathrooms, providing ample space for family and guests. As you enter, you'll be greeted by exquisite original woodwork that highlights the craftsmanship of a bygone era. The tall cielings and design will have your guests admiring from the second they walk in. The formal living and dining room sets the stage for unforgettable gatherings, while multiple fireplaces throughout the home add warmth and character to every corner. Enjoy the serenity of the outdoors from the second-level walk-out porch, perfect for morning coffee or evening relaxation, while the newly constructed exterior deck offers a delightful space for entertaining amidst beautifully landscaped surroundings. The exterior also provides a large corner lot with a detached 2 stall garage. Don’t miss this rare opportunity to own a beautiful piece of history with all the comforts of contemporary life. Schedule your private tour today and experience the charm of this exceptional home!

25. 2020-10-16
    soldstatus $40,000
26. 2020-05-02
    listed $45,900
27. 2017-09-18
    soldstatus $43,000
28. 2017-08-16
    soldstatus $43,000
29. 2017-06-23
    listed $46,500
30. 2017-06-23
    listed $46,500

ⓘ 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: $1,932 · $161/mo
• Projected year-2 tax: $1,932 · $161/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: $13,450
• − Mortgage interest: −$6,106
• − Property taxes: −$1,932
• − Insurance: −$545
• − Repairs & maintenance: −$1,076
• − Management: −$1,076
• − Depreciation: −$3,171
• Taxable loss: −$455
• Est. tax savings @ 24.0%: +$109
• After-tax cash flow: $1,399/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: Eldora-New Providence Community School District
• NCES district ID: 1910690
• Math proficiency: 60% ▬ 0.00%
• Reading proficiency: 66% ▲ 1.00%
• Median HH income: $48,655
• Composite: 53.42/100
• National rank: #1470
• State rank: #217 of 289 in IA

Livability — Eldora

• Score: 71/100
• State rank: #336
• US rank: #6849

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Eldora, IA
• City population: 3,431
• Population (ZIP): 3,431

Population outlook (Hardin County) Hauer SSP2

• Today (2025): 17,474 people
• By 2030: 17,369 · -0.6%
• By 2040: 17,018 · -2.6%
• By 2050: 16,454 · -5.8%
• By 2075: 14,665 · -16.1%
• By 2100: 12,404 · -29.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 5% Asian 3% Black 2% Hispanic / Latino 1%
• Common ancestry: Portuguese 4% Iranian 3% Slovak 3%
• Foreign-born: 3% · Vietnam
• Languages at home: 95% English-only · Vietnamese 1% Arabic 1% Spanish 1%

Political lean MEDSL · Hardin

• 2024 margin: Solid R (+38.4) · D 30.3% · R 68.7% · Other 1.1%
• 2008→2024 swing: -39.3pp toward R · 2008: 0.9pp · 2024: -38.4pp
• All cycles: 2024: R+38.4 2020: R+32.0 2016: R+29.2 2012: R+7.1 2008: D+0.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -5.92%
• Current HPI: 155.9198
• 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

+134.4% since first listed

14 events — show timeline

• 2026-05-04 Price Changed $109,000 NEIRBR as distributed by MLS GRID
• 2026-05-04 Price Changed $109,000 IAR
• 2026-04-10 Price Changed $117,900 NEIRBR as distributed by MLS GRID
• 2026-04-10 Price Changed $117,900 IAR
• 2026-03-05 Price Changed $122,900 IAR
• 2026-03-05 Price Changed $122,900 NEIRBR as distributed by MLS GRID
• 2026-01-05 Listed $129,900 IAR
• 2026-01-05 Listed $129,900 NEIRBR as distributed by MLS GRID
• 2020-10-16 Sold (MLS) $40,000 IAR
• 2020-05-02 Listed $45,900 IAR
• 2017-09-18 Sold (MLS) $43,000 IAR
• 2017-08-16 Sold (MLS) $43,000 IAR
• 2017-06-23 Listed $46,500 IAR
• 2017-06-23 Listed $46,500 IAR

Property tax history

+3.5%/yr

Latest (2025): $1,932 · +8.5% YoY. Source: county tax records.