410 Clarke Dr Unit B · Dubuque, IA 52001

$182,000

3 bd · 1.5 ba · 1,116 sqft · SingleFamily public records · 25 Days on market

Built 1990 9,583 sqft lot $163/sqft · 43% below area Est $288k · 37% under

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Why this score? — see what drove the D 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 +7.4/30.0
• Schools +5.5/10.0
• Livability +4.5/5.0
• Rent growth +3.9/5.0
• Condition / age +2.5/5.0
• 1% rule +1.8/10.0
• DSCR +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover this hidden gem that you simply must see to believe! Every detail shines, from the weathered rustic red oak hardwood flooring upstairs, to the sleek titanium grey custom micro-cement countertop in the kitchen—it's all in the details. Relax on your deck that overlooks your wooded backyard, or take a short stroll to downtown for delightful dining and shopping options. Plus, it’s conveniently located near colleges! Schedule your showing before it’s too late!

Key facts

• Garage
• Built 1990
• Listed 25 days

Tags

• DECK OVERLOOKS WOODED BACKYARD
• SHORT STROLL TO DOWNTOWN

Property features AI

Exterior

• Parking: Garage with automatic door opener (1 car)
• Utilities: Public water; Public sewer
• Home design: Townhouse condominium; Two levels (2 stories)
• Construction: Aluminum siding, vinyl siding and frame construction
• Exterior features: Deck

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Eat-in kitchen; Full basement with concrete floor and walk-out access
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $182k.

Deal economics

• At list price, monthly cash flow is $-233 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $141k (22.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $124k (31.7% below list).
• Recommended offer: $124k (31.7% below list) — sets the bar for 1% rule.
• Cap rate 4.8% 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: Irving Elementary School (math 72% / reading 62%, grade B+, #273 of 616 statewide, top 51%, 418 students, 43% FRL); George Washington Middle School (math 63% / reading 65%, grade B+, #166 of 246 statewide, top 68%, 624 students, 50% FRL); Dubuque Online School (208 students, 24% FRL).
• Market conditions: Rents rising fast (+5.6%/yr); 234 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals lingering (median 46d 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).

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 25 days — a 2% lower offer ($179k) is reasonable based on typical stale-listing flexibility.
• 3 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.

Recommended offer $124,276 (31.7% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.68% ✗
• Cap rate: 4.75%
• Cash-on-cash: -5.49%
• DSCR: 0.76
• GRM: 12.2

CMA / ARV

• ARV (median comp): $288,314
• List price: $182,000
• Delta: -36.87%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
328 Chappel Ct	0.14mi	2/1.5 (-1)	1,176 (+5%)	0mo	$150,000	$128	79
698 Lowell St	0.32mi	3/1.0	1,097 (-2%)	8mo	$90,000	$82	74
835 Clarke Dr	0.43mi	3/1.0	1,142 (+2%)	5mo	$137,000	$120	70
605 W 17th St	0.28mi	3/1.5	1,232 (+10%)	9mo	$45,000	$37	62
700 Kaufmann Ave	0.66mi	3/2.0	1,150 (+3%)	1mo	$212,000	$184	61
655 Regent St	0.62mi	3/1.0	1,176 (+5%)	1mo	$64,000	$54	59
2417 Jackson St	0.47mi	3/1.0	1,248 (+12%)	1mo	$63,000	$50	56
645 Angella St	0.26mi	2/1.0 (-1)	1,263 (+13%)	8mo	$96,000	$76	52
660 Kaufmann Ave	0.62mi	2/2.5 (-1)	1,176 (+5%)	1mo	$150,000	$128	52
2687 Central Ave	0.70mi	3/1.0	1,264 (+13%)	1mo	$20,000	$16	42
2501 Windsor Ave	0.71mi	3/2.0	1,256 (+12%)	3mo	$197,000	$157	42
2571 White St	0.62mi	3/2.0	1,280 (+15%)	9mo	$103,250	$81	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: -22.9%
• Equity multiple: 0.20×
• Total profit: $-40,984
• Equity at exit: $27,137

10-year hold

• IRR: -12.0%
• Equity multiple: 0.21×
• Total profit: $-40,236
• Equity at exit: $15,736

Cash invested: $50,960 (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: 234
• Price-to-rent: 12.2×

Monthly cashflow live

• Estimated rent: $1,243 high
• Mortgage (P&I): −$954
• Tax from tax record: −$185 /mo · $2,218/yr
• Insurance: −$76
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $-233

Break-even live

Break-even rent $1,538

Max offer price $140,784

Occupancy floor —

Sensitivity live

Price	-10% $-130	-5% $-182	+0% $-233	+5% $-285	+10% $-336
Rent	-10% $-331	-5% $-282	+0% $-233	+5% $-184	+10% $-135
Rate	-1.0pp $-142	-0.5pp $-187	base $-233	+0.5pp $-280	+1.0pp $-328

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: $45,500
• Closing costs: $5,460
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
253 W 17th St Dubuque, IA	2.0	1.0	800	$900	$1.12	45d	1	0.25mi
1651 White St Unit 5 Dubuque, IA	2.0	1.0	750	$1,200	$1.60	45d	1	0.39mi
1602 Central Ave Unit 202 Dubuque, IA	2.0	1.0	760	$1,200	$1.58	45d	1	0.39mi
2418 Central Ave Unit 2 Dubuque, IA	2.0	1.0	900	$1,000	$1.11	45d	1	0.40mi
1501 Central Ave Unit 1513-1 Dubuque, IA	3.0	1.0	1374	$1,175	$0.86	45d	1	0.42mi
571 Jefferson St Unit 3 Dubuque, IA	3.0	1.0	1000	$1,300	$1.30	45d	1	0.67mi
333 E 10th St Dubuque, IA	2.0	2.0	1530	$1,750	$1.14	45d	3	0.79mi
703 Caledonia Pl Dubuque, IA	3.0	1.0	1400	$1,400	$1.00	45d	1	0.91mi
980 Mount Pleasant St Unit 1 Dubuque, IA	3.0	1.0	1236	$1,150	$0.93	45d	1	0.93mi

Listing history 11 events

1. 2026-06-07
   statusdays on market $182,000 Pending 25 DOM
2. 2026-06-05
   days on market $182,000 Active 23 DOM
3. 2026-06-03
   days on market $182,000 Active 22 DOM
4. 2026-06-02
   days on market $182,000 Active 21 DOM
5. 2026-06-01
   days on market $182,000 Active 20 DOM
6. 2026-05-31
   days on market $182,000 Active 19 DOM
7. 2026-05-30
   days on market $182,000 Active 18 DOM
8. 2026-04-13
   listed $182,000 Active 486-char remark

   Show marketing remark (486 chars)

   Discover this hidden gem that you simply must see to believe! Every detail shines, from the weathered rustic red oak hardwood flooring upstairs, to the sleek titanium grey custom micro-cement countertop in the kitchen—it's all in the details. Relax on your deck that overlooks your wooded backyard, or take a short stroll to downtown for delightful dining and shopping options. Plus, it’s conveniently located near colleges! Schedule your showing before it’s too late!

9. 2026-04-13
   listed $182,000 Active 486-char remark

   Show marketing remark (486 chars)

   Discover this hidden gem that you simply must see to believe! Every detail shines, from the weathered rustic red oak hardwood flooring upstairs, to the sleek titanium grey custom micro-cement countertop in the kitchen—it's all in the details. Relax on your deck that overlooks your wooded backyard, or take a short stroll to downtown for delightful dining and shopping options. Plus, it’s conveniently located near colleges! Schedule your showing before it’s too late!

10. 2025-11-20
    price $175,000
11. 2025-10-20
    listed $180,000 Active

ⓘ 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: $2,218 · $185/mo
• Projected year-2 tax: $2,538 · $211/mo
• Expected delta: +$320/yr (+$27/mo · 14.4%)

ⓘ 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: $14,913
• − Mortgage interest: −$10,195
• − Property taxes: −$2,218
• − Insurance: −$910
• − Repairs & maintenance: −$1,193
• − Management: −$1,193
• − Depreciation: −$5,295
• Taxable loss: −$6,090
• Est. tax savings @ 24.0%: +$1,462
• After-tax cash flow: $-1,338/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

+1.1% since first listed

6 events — show timeline

• 2026-06-06 Pending — CRAAR, CDRMLS
• 2026-06-04 Contingent — ECIMLS
• 2026-04-13 Listed $182,000 ECIMLS
• 2026-04-13 Listed $182,000 CRAAR, CDRMLS
• 2025-11-20 Price Changed $175,000 ECIMLS
• 2025-10-20 Listed $180,000 ECIMLS

Property tax history

+2.6%/yr

Latest (2025): $2,218 · +18.7% YoY. Source: county tax records.