522 Ludvig St · Rock Springs, WY 82901

$149,900

3 bd · 1.0 ba · 878 sqft · SingleFamily public records · 20 Days on market

Built 1920 5,227 sqft lot Est $122k · 23% over

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Why this score? — see what drove the F 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 +14.9/30.0
• DSCR +4.5/10.0
• Schools +4.2/10.0
• Livability +3.5/5.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Newly remodeled single-family house! Deep lot with fenced yard. New paint, new LVT vinyl flooring and new carpet throughout! Large living room that opens into formal dining room and kitchen. The kitchen has original cabinetry with new hardware, double sinks, and backsplash. 2 bedrooms on the main floor with a 3rd loft bedroom or 2nd living room upstairs. Main bathroom has tile flooring, shower, and access from bedroom or back door. Backyard is private with concrete patio. Great location close to C Street Library and downtown Broadway! This is a must see for the price! Would make a great investment or first-time home purchase! For more information, please call Jannel Fossen at AAA Properties, LLC.

Key facts

• Large yard
• New cabinets
• Updated kitchen

Tags

• SPACIOUS LIVING ROOM
• FRESHLY REMODELED KITCHEN
• NEW CABINETS
• UPDATED KITCHEN
• OFF-STREET PARKING
• LARGE YARD

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer; Natural gas available
• Home design: Single family residence; Residential property
• Construction: Vinyl siding
• Exterior features: Wood fencing; Asphalt roof

Interior

• Kitchen: Dishwasher; Refrigerator; Range; Oven
• Flooring: Carpet; Tile; Vinyl
• Heating & cooling: Forced air heating
• Interior features: Dishwasher; Refrigerator; Range; Oven

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $43 ($512/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 $117k (21.7% below list).
• Recommended offer: $117k (21.7% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 2.9% in Rock Springs — 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 70/100 on livability (#35 in WY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: schools C-, amenities F, commute F.
• Sweetwater County School District #1 (town): math 44% / reading 49% proficiency, ranked #31 of 41 in WY (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-2.1%/yr); 177 active listings in the ZIP; 47 units permitted in Sweetwater 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.
• Sweetwater County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago 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 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $117,369 (21.7% below list)

Questions for the listing agent

1. Built in 1920 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
4. 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.
5. 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.
6. 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: 0.78% ✗
• Cap rate: 6.63%
• Cash-on-cash: 1.22%
• DSCR: 1.05
• GRM: 10.6

CMA / ARV

• ARV (on-the-fly): $122,042
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
931 7th St	0.48mi	2/1.0 (-1)	864 (-2%)	5mo	$50,000	$58	66
305 I St	0.37mi	3/1.0	837 (-5%)	11mo	$94,900	$113	65
209 Thomas St	0.51mi	3/1.0	968 (+10%)	20mo	$135,000	$139	42
417 Powell St	0.72mi	2/1.0 (-1)	896 (+2%)	21mo	$225,000	$251	41

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -17.4%
• Equity multiple: 0.40×
• Total profit: $-25,087
• Equity at exit: $22,351

10-year hold

• IRR: -15.2%
• Equity multiple: 0.24×
• Total profit: $-31,943
• Equity at exit: $12,961

Cash invested: $41,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Wyoming: 90 Strongly Landlord-Friendly · R+25
• County: — inherits STATE
• City: — inherits STATE

3-day notice; strongly landlord-favorable; small market.

Methodology + full state rankings →

ZIP-level market 82901

• Rents YoY: -2.1%
• Active inventory: 177
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,174 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$36 /mo · $432/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$246
• Net cashflow: $43

Break-even live

Break-even rent $1,120

Max offer price $149,900

Occupancy floor 91%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-01
   statusdays on market $149,900 Pending 20 DOM
2. 2026-05-31
   days on market $149,900 Active 19 DOM
3. 2026-05-30
   days on market $149,900 Active 18 DOM
4. 2026-05-12
   listed $149,900 Active
5. 2024-02-16
   soldstatus Closed 705-char remark

   Show marketing remark (705 chars)

   Newly remodeled single-family house! Deep lot with fenced yard. New paint, new LVT vinyl flooring and new carpet throughout! Large living room that opens into formal dining room and kitchen. The kitchen has original cabinetry with new hardware, double sinks, and backsplash. 2 bedrooms on the main floor with a 3rd loft bedroom or 2nd living room upstairs. Main bathroom has tile flooring, shower, and access from bedroom or back door. Backyard is private with concrete patio. Great location close to C Street Library and downtown Broadway! This is a must see for the price! Would make a great investment or first-time home purchase! For more information, please call Jannel Fossen at AAA Properties, LLC.

6. 2024-02-16
   soldstatus

   Show marketing remark (705 chars)

   Newly remodeled single-family house! Deep lot with fenced yard. New paint, new LVT vinyl flooring and new carpet throughout! Large living room that opens into formal dining room and kitchen. The kitchen has original cabinetry with new hardware, double sinks, and backsplash. 2 bedrooms on the main floor with a 3rd loft bedroom or 2nd living room upstairs. Main bathroom has tile flooring, shower, and access from bedroom or back door. Backyard is private with concrete patio. Great location close to C Street Library and downtown Broadway! This is a must see for the price! Would make a great investment or first-time home purchase! For more information, please call Jannel Fossen at AAA Properties, LLC.

7. 2024-01-08
   status Pending 705-char remark

   Show marketing remark (705 chars)

   Newly remodeled single-family house! Deep lot with fenced yard. New paint, new LVT vinyl flooring and new carpet throughout! Large living room that opens into formal dining room and kitchen. The kitchen has original cabinetry with new hardware, double sinks, and backsplash. 2 bedrooms on the main floor with a 3rd loft bedroom or 2nd living room upstairs. Main bathroom has tile flooring, shower, and access from bedroom or back door. Backyard is private with concrete patio. Great location close to C Street Library and downtown Broadway! This is a must see for the price! Would make a great investment or first-time home purchase! For more information, please call Jannel Fossen at AAA Properties, LLC.

8. 2023-12-27
   price $109,900 705-char remark

   Show marketing remark (705 chars)

   Newly remodeled single-family house! Deep lot with fenced yard. New paint, new LVT vinyl flooring and new carpet throughout! Large living room that opens into formal dining room and kitchen. The kitchen has original cabinetry with new hardware, double sinks, and backsplash. 2 bedrooms on the main floor with a 3rd loft bedroom or 2nd living room upstairs. Main bathroom has tile flooring, shower, and access from bedroom or back door. Backyard is private with concrete patio. Great location close to C Street Library and downtown Broadway! This is a must see for the price! Would make a great investment or first-time home purchase! For more information, please call Jannel Fossen at AAA Properties, LLC.

9. 2023-10-26
   status Active 705-char remark

   Show marketing remark (705 chars)

   Newly remodeled single-family house! Deep lot with fenced yard. New paint, new LVT vinyl flooring and new carpet throughout! Large living room that opens into formal dining room and kitchen. The kitchen has original cabinetry with new hardware, double sinks, and backsplash. 2 bedrooms on the main floor with a 3rd loft bedroom or 2nd living room upstairs. Main bathroom has tile flooring, shower, and access from bedroom or back door. Backyard is private with concrete patio. Great location close to C Street Library and downtown Broadway! This is a must see for the price! Would make a great investment or first-time home purchase! For more information, please call Jannel Fossen at AAA Properties, LLC.

10. 2023-10-02
    historical 705-char remark

    Show marketing remark (705 chars)

    Newly remodeled single-family house! Deep lot with fenced yard. New paint, new LVT vinyl flooring and new carpet throughout! Large living room that opens into formal dining room and kitchen. The kitchen has original cabinetry with new hardware, double sinks, and backsplash. 2 bedrooms on the main floor with a 3rd loft bedroom or 2nd living room upstairs. Main bathroom has tile flooring, shower, and access from bedroom or back door. Backyard is private with concrete patio. Great location close to C Street Library and downtown Broadway! This is a must see for the price! Would make a great investment or first-time home purchase! For more information, please call Jannel Fossen at AAA Properties, LLC.

11. 2023-09-19
    listed $139,500 705-char remark

    Show marketing remark (705 chars)

    Newly remodeled single-family house! Deep lot with fenced yard. New paint, new LVT vinyl flooring and new carpet throughout! Large living room that opens into formal dining room and kitchen. The kitchen has original cabinetry with new hardware, double sinks, and backsplash. 2 bedrooms on the main floor with a 3rd loft bedroom or 2nd living room upstairs. Main bathroom has tile flooring, shower, and access from bedroom or back door. Backyard is private with concrete patio. Great location close to C Street Library and downtown Broadway! This is a must see for the price! Would make a great investment or first-time home purchase! For more information, please call Jannel Fossen at AAA Properties, LLC.

12. 2023-05-05
    soldstatus 243-char remark

    Show marketing remark (243 chars)

    Attention investors, cute home with 2 bedrooms, 1 bath. Loft area upstairs could be used as additional bedroom. Could add a garage in front of property as well. Cash Only due to cracks in foundation, siding. Selling "as is, where is"

13. 2023-05-05
    soldstatus

    Show marketing remark (243 chars)

    Attention investors, cute home with 2 bedrooms, 1 bath. Loft area upstairs could be used as additional bedroom. Could add a garage in front of property as well. Cash Only due to cracks in foundation, siding. Selling "as is, where is"

14. 2023-05-05
    soldstatus

    Show marketing remark (243 chars)

    Attention investors, cute home with 2 bedrooms, 1 bath. Loft area upstairs could be used as additional bedroom. Could add a garage in front of property as well. Cash Only due to cracks in foundation, siding. Selling "as is, where is"

15. 2023-03-13
    listed $62,000 243-char remark

    Show marketing remark (243 chars)

    Attention investors, cute home with 2 bedrooms, 1 bath. Loft area upstairs could be used as additional bedroom. Could add a garage in front of property as well. Cash Only due to cracks in foundation, siding. Selling "as is, where is"

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

Tax reassessment forecast WY · Resets to sale price

• Current annual tax: $432 · $36/mo
• Projected year-2 tax: $914 · $76/mo
• Expected delta: +$483/yr (+$40/mo · 111.8%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 2/10 Low 7 d/yr ≥87°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,084
• − Mortgage interest: −$8,397
• − Property taxes: −$432
• − Insurance: −$750
• − Repairs & maintenance: −$1,127
• − Management: −$1,127
• − Depreciation: −$4,361
• Taxable loss: −$2,108
• Est. tax savings @ 24.0%: +$506
• After-tax cash flow: $1,018/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: Sweetwater County School District #1
• NCES district ID: 5605302
• Math proficiency: 44% ▼ -4.00%
• Reading proficiency: 49% ▼ -3.00%
• Median HH income: $68,679
• Composite: 41.66/100
• National rank: #3422
• State rank: #31 of 41 in WY

Livability — Rock Springs

• Score: 70/100
• State rank: #35
• US rank: #8016

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rock Springs, WY
• County: Sweetwater County · 27,198 people
• City population: 27,198
• Metro: Rock Springs, WY
• Population (ZIP): 27,198
• Household income: $69,954
• Rent vs Own: 26.4% rent · 73.6% own
• Severe rent burden: 609.0

Population outlook (Sweetwater County) Hauer SSP2

• Today (2025): 48,212 people
• By 2030: 49,664 · +3.0%
• By 2040: 51,984 · +7.8%
• By 2050: 54,005 · +12.0%
• By 2075: 57,684 · +19.6%
• By 2100: 57,857 · +20.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 19% Two or more races 9% Black 2% Native American 1%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Italian 5% Lithuanian 2% Portuguese 2%
• Foreign-born: 7% · Canada, Vietnam, Jamaica
• Languages at home: 90% English-only · Spanish 9% Vietnamese 1%

Political lean MEDSL · Sweetwater

• 2024 margin: Solid R (+53.2) · D 22.5% · R 75.7% · Other 1.8%
• 2008→2024 swing: -25.7pp toward R · 2008: -27.5pp · 2024: -53.2pp
• All cycles: 2024: R+53.2 2020: R+50.6 2016: R+53.5 2012: R+39.7 2008: R+27.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -270.69%
• Current HPI: 146.2451
• Rent YoY: ▼ -2.15%
• Metro: Rock Springs, WY
• State GDP YoY: —
• F500 in state: 0

Price history

+141.8% since first listed

12 events — show timeline

• 2026-05-12 Listed $149,900 WMLS
• 2024-02-16 Sold (Public Records) — Public Records
• 2024-02-16 Sold (MLS) — WMLS
• 2024-01-08 Pending — WMLS
• 2023-12-27 Price Changed $109,900 WMLS
• 2023-10-26 Relisted — WMLS
• 2023-10-02 Delisted — WMLS
• 2023-09-19 Listed $139,500 WMLS
• 2023-05-05 Sold (Public Records) — Public Records
• 2023-05-05 Sold (Public Records) — Public Records
• 2023-05-05 Sold (MLS) — WMLS
• 2023-03-13 Listed $62,000 WMLS

Property tax history

-2.8%/yr

Latest (2025): $432 · -25.2% YoY. Source: county tax records.