321 S Moore st St · Algona, IA 50511

$145,000

3 bd · 1.0 ba · 2,229 sqft · SingleFamily public records · 31 Days on market

Built 1900 9,836 sqft lot Est $205k · 29% 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).

• ARV discount +15.0/15.0
• Cash flow +13.1/30.0
• Schools +5.7/10.0
• Livability +4.0/5.0
• DSCR +3.9/10.0
• 1% rule +3.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Enjoy the original character and charm of this 3-bedroom home featuring a newer kitchen with appliances, a spacious dining area, and a large living room. Beautiful hardwood floors flow throughout, complemented by an open foyer entry. The main level offers a half bath, a 2-season porch, and additional office space. Upstairs, you'll find three generous bedrooms, a full bath, and a convenient laundry room. An inviting open front porch and a double detached garage complete this charming property.

Key facts

• Half bath
• Newer kitchen
• Large living room

Tags

• NEWER KITCHEN
• SPACIOUS DINING AREA
• LARGE LIVING ROOM
• HARDWOOD FLOORS
• OPEN FOYER
• HALF BATH

Property features AI

Finance

• Other: Residential property; Directions provided to the property

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Two-story single family residence; Vinyl siding
• Construction: Vinyl siding construction
• Exterior features: Lot approximately 70.13 x 140.25

Interior

• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Window air conditioning
• Interior features: Fireplace (1); Basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $-5 ($-62/yr) — negative.
• To cash-flow at today's rent, offer at most $144k (0.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $126k (13.0% below list).
• Recommended offer: $126k (13.0% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 3.7% in Algona — 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 79/100 on livability (#98 in IA, #2,006 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, cost of living A+; Watch: employment D+, amenities F, commute F.
• Algona Community School District (town): math 65% / reading 70% proficiency, ranked #170 of 289 in IA (top 59%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 50 active listings in the ZIP; 15 units permitted in Kossuth County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Kossuth 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 31 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $126,194 (13.0% 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 31 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.87% ✗
• Cap rate: 6.25%
• Cash-on-cash: -0.15%
• DSCR: 0.99
• GRM: 9.6

CMA / ARV

• ARV (on-the-fly): $205,068
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
109 W Nebraska St	0.20mi	4/2.0 (+1)	2,202 (-1%)	19mo	$185,000	$84	64
109 E Grove St	0.15mi	3/3.0	2,016 (-10%)	13mo	$253,000	$125	59
218 S Thorington St	0.17mi	3/2.0	1,946 (-13%)	18mo	$153,000	$79	52
121 N Lowe St	0.58mi	3/2.0	2,018 (-10%)	2mo	$165,000	$82	52
615 W State St St	0.52mi	3/2.0	2,024 (-9%)	10mo	$175,000	$86	48
407 N Harlan St	0.44mi	4/2.5 (+1)	2,088 (-6%)	17mo	$330,000	$158	44
914 S Minnesota St	0.39mi	3/2.0	1,992 (-11%)	20mo	$183,000	$92	43
910 N Park Ave	0.72mi	2/2.0 (-1)	2,259 (+1%)	15mo	$235,000	$104	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: -16.5%
• Equity multiple: 0.41×
• Total profit: $-23,804
• Equity at exit: $21,620

10-year hold

• IRR: -8.3%
• Equity multiple: 0.48×
• Total profit: $-21,071
• Equity at exit: $12,537

Cash invested: $40,600 (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 50511

• Home prices YoY: -27.4%
• Active inventory: 50
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,262 medium
• Mortgage (P&I): −$760
• Tax est. 1.5%: −$181 /mo · $2,175/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$265
• Net cashflow: $-5

Break-even live

Break-even rent $1,268

Max offer price $144,258

Occupancy floor 95%

Sensitivity live

Price	-10% $95	-5% $45	+0% $-5	+5% $-55	+10% $-105
Rent	-10% $-105	-5% $-55	+0% $-5	+5% $45	+10% $95
Rate	-1.0pp $68	-0.5pp $32	base $-5	+0.5pp $-43	+1.0pp $-81

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-01
   status Pending
2. 2026-04-10
   historical Active Under Contract
3. 2026-03-30
   listed $145,000 Active
4. 2026-02-13
   soldstatus $139,900 Closed 497-char remark

   Show marketing remark (497 chars)

   Enjoy the original character and charm of this 3-bedroom home featuring a newer kitchen with appliances, a spacious dining area, and a large living room. Beautiful hardwood floors flow throughout, complemented by an open foyer entry. The main level offers a half bath, a 2-season porch, and additional office space. Upstairs, you'll find three generous bedrooms, a full bath, and a convenient laundry room. An inviting open front porch and a double detached garage complete this charming property.

5. 2026-02-13
   soldstatus $140,000

   Show marketing remark (497 chars)

   Enjoy the original character and charm of this 3-bedroom home featuring a newer kitchen with appliances, a spacious dining area, and a large living room. Beautiful hardwood floors flow throughout, complemented by an open foyer entry. The main level offers a half bath, a 2-season porch, and additional office space. Upstairs, you'll find three generous bedrooms, a full bath, and a convenient laundry room. An inviting open front porch and a double detached garage complete this charming property.

6. 2025-12-22
   historical Active Under Contract 497-char remark

   Show marketing remark (497 chars)

   Enjoy the original character and charm of this 3-bedroom home featuring a newer kitchen with appliances, a spacious dining area, and a large living room. Beautiful hardwood floors flow throughout, complemented by an open foyer entry. The main level offers a half bath, a 2-season porch, and additional office space. Upstairs, you'll find three generous bedrooms, a full bath, and a convenient laundry room. An inviting open front porch and a double detached garage complete this charming property.

7. 2025-12-22
   status Pending 497-char remark

   Show marketing remark (497 chars)

   Enjoy the original character and charm of this 3-bedroom home featuring a newer kitchen with appliances, a spacious dining area, and a large living room. Beautiful hardwood floors flow throughout, complemented by an open foyer entry. The main level offers a half bath, a 2-season porch, and additional office space. Upstairs, you'll find three generous bedrooms, a full bath, and a convenient laundry room. An inviting open front porch and a double detached garage complete this charming property.

8. 2025-12-10
   listed $139,000 Active 497-char remark

   Show marketing remark (497 chars)

   Enjoy the original character and charm of this 3-bedroom home featuring a newer kitchen with appliances, a spacious dining area, and a large living room. Beautiful hardwood floors flow throughout, complemented by an open foyer entry. The main level offers a half bath, a 2-season porch, and additional office space. Upstairs, you'll find three generous bedrooms, a full bath, and a convenient laundry room. An inviting open front porch and a double detached garage complete this charming property.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥101°F today · 16 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: $15,143
• − Mortgage interest: −$8,122
• − Property taxes: −$2,175
• − Insurance: −$725
• − Repairs & maintenance: −$1,211
• − Management: −$1,211
• − Depreciation: −$4,218
• Taxable loss: −$2,520
• Est. tax savings @ 24.0%: +$605
• After-tax cash flow: $543/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: Algona Community School District
• NCES district ID: 1903360
• Math proficiency: 65% ▼ -8.00%
• Reading proficiency: 70% ▼ -7.00%
• Median HH income: $51,369
• Composite: 57.41/100
• National rank: #1076
• State rank: #170 of 289 in IA

Livability — Algona

• Score: 79/100
• State rank: #98
• US rank: #2006

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Algona, IA
• City population: 6,987
• Population (ZIP): 6,987

Population outlook (Kossuth County) Hauer SSP2

• Today (2025): 14,667 people
• By 2030: 14,445 · -1.5%
• By 2040: 14,093 · -3.9%
• By 2050: 13,825 · -5.7%
• By 2075: 14,039 · -4.3%
• By 2100: 13,662 · -6.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 7% Two or more races 4%
• Hispanic origin (detail): Mexican 3% Cuban 1%
• Common ancestry: Portuguese 7% Lithuanian 3% Iranian 1%
• Foreign-born: 5% · Canada, South Korea
• Languages at home: 94% English-only · Spanish 5% German/W. Germanic 1%

Political lean MEDSL · Kossuth

• 2024 margin: Solid R (+44.2) · D 27.3% · R 71.4% · Other 1.3%
• 2008→2024 swing: -47.4pp toward R · 2008: 3.2pp · 2024: -44.2pp
• All cycles: 2024: R+44.2 2020: R+39.4 2016: R+36.5 2012: R+12.3 2008: D+3.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -68.32%
• Current HPI: 180.5984
• 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

+4.3% since first listed

8 events — show timeline

• 2026-05-01 Pending — IAR
• 2026-04-10 Contingent — IAR
• 2026-03-30 Listed $145,000 IAR
• 2026-02-13 Sold (Public Records) $140,000 Public Records
• 2026-02-13 Sold (MLS) $139,900 IAR
• 2025-12-22 Contingent — IAR
• 2025-12-22 Pending — IAR
• 2025-12-10 Listed $139,000 IAR