705 W 3rd St · Dubuque, IA 52001

$159,900

3 bd · 2.0 ba · 1,518 sqft · SingleFamily public records · 43 Days on market

Built 1914 $105/sqft · 14% below area Est $187k · 14% 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 +16.7/30.0
• ARV discount +13.9/15.0
• Schools +5.5/10.0
• DSCR +5.2/10.0
• 1% rule +4.6/10.0
• Livability +4.5/5.0
• Rent growth +3.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming older home! Updated Large home with natural woodwork. 5BR, 2BA ++ 2 car garage. New furnace, large yard, open staircase, wood floors

Key facts

• New stove
• Off street parking
• Dishwasher

Tags

• REFINISHED HARDWOOD FLOORS
• BUTCHER BLOCK COUNTERTOPS
• NEW STOVE
• NEW REFRIGERATOR
• DISHWASHER
• OFF STREET PARKING

Property features AI

Exterior

• Parking: Detached 2-car parking
• Utilities: Public water; Public sewer
• Home design: Single-family detached residence; Two levels; Residential property (Zoning: R3)
• Construction: Stone foundation
• Exterior features: Shingle roof; Property has a view

Interior

• Kitchen: Refrigerator; Range; Dishwasher
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Central air conditioning; Forced air heating (natural gas)
• Interior features: Window treatments; Full basement
• Laundry & utility: Washer and dryer included; Laundry on lower level

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $99 ($1k/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 $154k (3.6% below list).
• Recommended offer: $154k (3.6% below list) — sets the bar for 1% rule.
• Cap rate 7.0% vs local median 3.5% in Dubuque — 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 89/100 on livability (#7 in IA, #119 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime C-.
• Dubuque Community School District (urban): math 63% / reading 65% proficiency, ranked #205 of 289 in IA (top 71%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Lincoln Elementary School (math 42% / reading 42%, grade F, #563 of 616 statewide, top 93%, 255 students, 68% FRL); Dubuque Senior High School (math 63% / reading 74%, grade B, #181 of 336 statewide, top 54%, 1,435 students, 36% FRL) — zoned schools average 52% FRL vs 32% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.6%/yr); 225 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 473 units permitted in Dubuque County in 2024 (319 in 5+ unit buildings).
• This rent runs 30% of the median local income ($62k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Dubuque County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 12y 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.
• Current owner paid $120k; 34% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1914 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $154,153 (3.6% below list)

Questions for the listing agent

1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 4% concession, seller financing, or rate buy-down credit?
2. Built in 1914 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.96% ✗
• Cap rate: 7.04%
• Cash-on-cash: 2.66%
• DSCR: 1.12
• GRM: 8.6

CMA / ARV

• ARV (median comp): $186,582
• List price: $159,900
• Delta: -14.30%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
71 Lois St	0.40mi	3/1.5	1,556 (+2%)	2mo	$260,000	$167	73
945 Spruce St	0.40mi	3/1.5	1,484 (-2%)	7mo	$125,000	$84	70
262 Bradley St	0.74mi	3/2.0	1,504 (-1%)	0mo	$216,500	$144	64
1156 Center Pl	0.53mi	3/1.5	1,454 (-4%)	5mo	$176,000	$121	62
229 N Booth St	0.53mi	2/2.0 (-1)	1,482 (-2%)	7mo	$249,000	$168	60
60 S Booth St	0.61mi	3/2.0	1,612 (+6%)	4mo	$235,000	$146	58
392 Glen Oak St	0.57mi	2/1.5 (-1)	1,476 (-3%)	6mo	$174,000	$118	57
615 S Grandview Ave	0.74mi	3/2.0	1,558 (+3%)	7mo	$210,000	$135	56
1405 University Ave	0.74mi	3/2.0	1,364 (-10%)	1mo	$230,000	$169	48
408 S Grandview Ave	0.67mi	3/1.0	1,664 (+10%)	6mo	$212,500	$128	43
603 Arlington St	0.63mi	3/2.0	1,312 (-14%)	7mo	$140,000	$107	43
1564 Parkway St	0.70mi	3/1.5	1,715 (+13%)	6mo	$267,500	$156	38

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 · 5.63% rent growth · sell at horizon

5-year hold

• IRR: -9.1%
• Equity multiple: 0.66×
• Total profit: $-15,378
• Equity at exit: $23,842

10-year hold

• IRR: 3.6%
• Equity multiple: 1.29×
• Total profit: $13,000
• Equity at exit: $13,825

Cash invested: $44,772 (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 52001

• Rents YoY: 5.6%
• Active inventory: 225
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,542 high
• Mortgage (P&I): −$839
• Tax from tax record: −$214 /mo · $2,562/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $99

Break-even live

Break-even rent $1,416

Max offer price $159,900

Occupancy floor 89%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
500 Hill St Unit 2 Dubuque, IA	3.0	1.0	1900	$1,910	$1.01	43d	1	0.14mi
703 Caledonia Pl Dubuque, IA	3.0	1.0	1400	$1,400	$1.00	43d	1	0.23mi
980 Mount Pleasant St Unit 1 Dubuque, IA	3.0	1.0	1236	$1,150	$0.93	43d	1	0.68mi
333 E 10th St Dubuque, IA	2.0	2.0	1530	$1,750	$1.14	43d	3	0.79mi
1501 Central Ave Unit 1513-1 Dubuque, IA	3.0	1.0	1374	$1,175	$0.86	43d	1	0.87mi
1742 Delhi St Dubuque, IA	2.0	1.5	1534	$1,300	$0.85	43d	1	0.88mi

Listing history 26 events

1. 2026-06-19
   days on market $159,900 Active 43 DOM
2. 2026-06-18
   days on market $159,900 Active 42 DOM
3. 2026-06-17
   days on market $159,900 Active 41 DOM
4. 2026-06-16
   days on market $159,900 Active 40 DOM
5. 2026-06-15
   days on market $159,900 Active 39 DOM
6. 2026-06-14
   days on market $159,900 Active 37 DOM
7. 2026-06-13
   days on market $159,900 Active 36 DOM
8. 2026-06-10
   days on market $159,900 Active 34 DOM
9. 2026-06-09
   days on market $159,900 Active 33 DOM
10. 2026-06-09
    price $159,900 Active 32 DOM
11. 2026-06-08
    days on market $162,500 Active 32 DOM
12. 2026-06-07
    days on market $162,500 Active 31 DOM
13. 2026-06-05
    days on market $162,500 Active 28 DOM
14. 2026-06-03
    days on market $162,500 Active 27 DOM
15. 2026-06-02
    days on market $162,500 Active 26 DOM
16. 2026-06-01
    days on market $162,500 Active 25 DOM
17. 2026-05-31
    days on market $162,500 Active 24 DOM
18. 2026-05-30
    days on market $162,500 Active 23 DOM
19. 2026-05-07
    listed $162,500 Active 720-char remark
20. 2026-02-23
    listed $1,400
21. 2026-01-21
    historical $1,400
22. 2025-12-20
    listed $1,400
23. 2015-03-25
    soldstatus $119,500
24. 2015-03-20
    soldstatus $119,500 141-char remark

    Show marketing remark (141 chars)

    Charming older home! Updated Large home with natural woodwork. 5BR, 2BA ++ 2 car garage. New furnace, large yard, open staircase, wood floors

25. 2014-12-12
    listed $135,000 141-char remark

    Show marketing remark (141 chars)

    Charming older home! Updated Large home with natural woodwork. 5BR, 2BA ++ 2 car garage. New furnace, large yard, open staircase, wood floors

26. 2007-09-07
    soldstatus $97,000

ⓘ 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: $2,562 · $214/mo
• Projected year-2 tax: $2,562 · $214/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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,498
• − Mortgage interest: −$8,957
• − Property taxes: −$2,562
• − Insurance: −$800
• − Repairs & maintenance: −$1,480
• − Management: −$1,480
• − Depreciation: −$4,652
• Taxable loss: −$1,431
• Est. tax savings @ 24.0%: +$344
• After-tax cash flow: $1,533/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: Dubuque Community School District
• NCES district ID: 1909480
• Math proficiency: 63% ▼ -7.00%
• Reading proficiency: 65% ▼ -1.00%
• Median HH income: $51,237
• Composite: 54.51/100
• National rank: #1345
• State rank: #205 of 289 in IA

Livability — Dubuque

• Score: 89/100
• State rank: #7
• US rank: #119

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dubuque, IA
• County: Dubuque County · 60,106 people
• City population: 60,106
• Metro: Dubuque, IA
• Population (ZIP): 43,101
• Household income: $61,643
• Rent vs Own: 37.3% rent · 62.7% own
• Severe rent burden: 1940.0

Population outlook (Dubuque County) Hauer SSP2

• Today (2025): 103,359 people
• By 2030: 106,472 · +3.0%
• By 2040: 112,043 · +8.4%
• By 2050: 116,553 · +12.8%
• By 2075: 128,014 · +23.9%
• By 2100: 132,892 · +28.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 6% Black 5% Hispanic / Latino 4% Asian 1% Pacific Islander 1%
• Common ancestry: Portuguese 3% Italian 2% Lithuanian 2%
• Foreign-born: 4% · Canada, China
• Languages at home: 95% English-only · Spanish 3% Tagalog/Filipino 1% Other Asian/Pacific 1%

Political lean MEDSL · Dubuque

• 2024 margin: Lean R (+8.6) · D 45.1% · R 53.7% · Other 1.2%
• 2008→2024 swing: -29.4pp toward R · 2008: 20.8pp · 2024: -8.6pp
• All cycles: 2024: R+8.6 2020: R+2.9 2016: R+1.2 2012: D+14.5 2008: D+20.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -156.36%
• Current HPI: 173.5536
• Rent YoY: ▲ 5.63%
• Metro: Dubuque, IA
• 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

+64.8% since first listed

6 events — show timeline

• 2026-06-08 Price Changed $159,900 ECIMLS
• 2026-05-07 Listed $162,500 ECIMLS
• 2015-03-25 Sold (Public Records) $119,500 Public Records
• 2015-03-20 Sold (MLS) $119,500 ECIMLS
• 2014-12-12 Listed $135,000 ECIMLS
• 2007-09-07 Sold (Public Records) $97,000 Public Records

Property tax history

+3.3%/yr

Latest (2025): $2,562 · +3.1% YoY. Source: county tax records.