517 7th St · Whittemore, IA 50598

$95,000

3 bd · 1.0 ba · 1,031 sqft · SingleFamily public records · 671 Days on market

Built 1920 9,636 sqft lot $92/sqft · 7% below area Est $102k · 7% 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 +20.9/30.0
• ARV discount +10.7/15.0
• DSCR +6.6/10.0
• Appreciation +6.5/10.0
• Schools +5.7/10.0
• 1% rule +5.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This 2 story home has had some nice updates! On the main level is the kitchen, dining room, living room, a bedroom and bathroom. The upper level offers 2 bedrooms. There is a single detached garage. Large front deck to enjoy summer evening and decorate for the holidays! Vinyl siding, central air. Updates include freshly painted interior, new flooring and new light fixtures!

Key facts

• 9,636 sq ft lot
• Garage
• Built 1920

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $132 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $95k (0.3% below list).
• Recommended offer: $84k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#436 in IA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, 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: 8 active listings in the ZIP; 15 units permitted in Kossuth County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($657 loan paydown + $3k appreciation (3.1% local appreciation)).
• Kossuth County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (3.1% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 671 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y ago; this cycle's ask has dropped $20k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $65k; 46% 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 $83,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 671 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 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. 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.
6. 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.
7. 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: 1.00% ✗
• Cap rate: 7.96%
• Cash-on-cash: 5.94%
• DSCR: 1.26
• GRM: 8.4

CMA / ARV

• ARV (median comp): $102,271
• List price: $95,000
• Delta: -7.11%
• Verdict: FAIR
• Comps: 16 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
610 6th St	0.08mi	2/1.0 (-1)	956 (-7%)	23mo	$91,000	$95	60
702 7th St	0.13mi	3/1.0	1,143 (+11%)	20mo	$80,000	$70	60
113 Palo Alto St	0.33mi	3/1.5	991 (-4%)	21mo	$107,000	$108	58
121 4th St	0.36mi	2/1.0 (-1)	960 (-7%)	15mo	$94,000	$98	54
91 Palo Alto St	0.41mi	3/3.0	1,131 (+10%)	7mo	$170,000	$150	51
506 Kossuth St	0.12mi	2/1.5 (-1)	896 (-13%)	19mo	$83,000	$93	50
419 Clay St	0.18mi	2/1.5 (-1)	880 (-15%)	18mo	$110,000	$125	45
509 2nd St	0.33mi	2/2.0 (-1)	1,182 (+15%)	23mo	$125,000	$106	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.07% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 13.2%
• Equity multiple: 1.76×
• Total profit: $20,176
• Equity at exit: $43,091

10-year hold

• IRR: 15.1%
• Equity multiple: 3.24×
• Total profit: $59,632
• Equity at exit: $66,701

Cash invested: $26,600 (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 50598

• Home prices YoY: 2.7%
• Active inventory: 8
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $948 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$79 /mo · $949/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$199
• Net cashflow: $132

Break-even live

Break-even rent $781

Max offer price $95,000

Occupancy floor 81%

Sensitivity live

Price	-10% $186	-5% $159	+0% $132	+5% $105	+10% $78
Rent	-10% $57	-5% $94	+0% $132	+5% $169	+10% $207
Rate	-1.0pp $180	-0.5pp $156	base $132	+0.5pp $107	+1.0pp $82

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-18
   days on market $95,000 Active 671 DOM
2. 2026-06-17
   days on market $95,000 Active 670 DOM
3. 2026-06-16
   days on market $95,000 Active 669 DOM
4. 2026-06-15
   days on market $95,000 Active 668 DOM
5. 2026-06-13
   days on market $95,000 Active 666 DOM
6. 2026-06-12
   days on market $95,000 Active 665 DOM
7. 2026-06-09
   days on market $95,000 Active 662 DOM
8. 2026-06-08
   days on market $95,000 Active 661 DOM
9. 2026-06-07
   days on market $95,000 Active 660 DOM
10. 2026-06-07
    days on market $95,000 Active 659 DOM
11. 2026-06-04
    days on market $95,000 Active 656 DOM
12. 2026-06-02
    days on market $95,000 Active 655 DOM
13. 2026-06-01
    days on market $95,000 Active 654 DOM
14. 2026-05-31
    days on market $95,000 Active 653 DOM
15. 2026-05-31
    days on market $95,000 Active 652 DOM
16. 2025-02-12
    price $95,000 376-char remark

    Show marketing remark (376 chars)

    This 2 story home has had some nice updates! On the main level is the kitchen, dining room, living room, a bedroom and bathroom. The upper level offers 2 bedrooms. There is a single detached garage. Large front deck to enjoy summer evening and decorate for the holidays! Vinyl siding, central air. Updates include freshly painted interior, new flooring and new light fixtures!

17. 2024-11-12
    price $99,500 376-char remark

    Show marketing remark (376 chars)

    This 2 story home has had some nice updates! On the main level is the kitchen, dining room, living room, a bedroom and bathroom. The upper level offers 2 bedrooms. There is a single detached garage. Large front deck to enjoy summer evening and decorate for the holidays! Vinyl siding, central air. Updates include freshly painted interior, new flooring and new light fixtures!

18. 2024-08-15
    listed $115,000 Active 376-char remark

    Show marketing remark (376 chars)

    This 2 story home has had some nice updates! On the main level is the kitchen, dining room, living room, a bedroom and bathroom. The upper level offers 2 bedrooms. There is a single detached garage. Large front deck to enjoy summer evening and decorate for the holidays! Vinyl siding, central air. Updates include freshly painted interior, new flooring and new light fixtures!

19. 2024-06-13
    soldstatus $65,000
20. 2021-08-06
    soldstatus $54,000
21. 2021-08-04
    soldstatus $54,000 140-char remark

    Show marketing remark (140 chars)

    Affordable 2 story home with a large wood deck and it has an open kitchen, dining room and living room. Vinyl Siding and the lot is 73 x 132

22. 2021-03-02
    listed $52,900 140-char remark

    Show marketing remark (140 chars)

    Affordable 2 story home with a large wood deck and it has an open kitchen, dining room and living room. Vinyl Siding and the lot is 73 x 132

23. 2016-11-29
    soldstatus $44,000
24. 2000-12-27
    soldstatus $10,000

ⓘ 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: $949 · $79/mo
• Projected year-2 tax: $1,220 · $102/mo
• Expected delta: +$271/yr (+$23/mo · 28.6%)

ⓘ 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 · 16 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: $11,371
• − Mortgage interest: −$5,321
• − Property taxes: −$949
• − Insurance: −$475
• − Repairs & maintenance: −$910
• − Management: −$910
• − Depreciation: −$2,764
• Taxable income: $42
• Est. tax owed @ 24.0%: −$10
• After-tax cash flow: $1,571/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 — Whittemore

• Score: 68/100
• State rank: #436
• US rank: #9475

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Whittemore, IA
• Population (ZIP): 927

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 (92%)
• Race & ethnicity: White 92% Two or more races 6% Hispanic / Latino 2% Native American 1%
• Common ancestry: Portuguese 13% Iranian 6% Lithuanian 4%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · German/W. Germanic 3% Spanish 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: ▲ 3.07%
• Current HPI: 115.3277
• 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

+850.0% since first listed

9 events — show timeline

• 2025-02-12 Price Changed $95,000 IAR
• 2024-11-12 Price Changed $99,500 IAR
• 2024-08-15 Listed $115,000 IAR
• 2024-06-13 Sold (Public Records) $65,000 Public Records
• 2021-08-06 Sold (Public Records) $54,000 Public Records
• 2021-08-04 Sold (MLS) $54,000 Iowa Great Lakes BOR
• 2021-03-02 Listed $52,900 Iowa Great Lakes BOR
• 2016-11-29 Sold (Public Records) $44,000 Public Records
• 2000-12-27 Sold (Public Records) $10,000 Public Records

Property tax history

+23.6%/yr

Latest (2025): $949 · +4.9% YoY. Source: county tax records.