2186 Hodgdon St · Dubuque, IA 52001

$135,000

2 bd · 1.5 ba · 1,153 sqft · SingleFamily public records · 63 Days on market

Built 1910 $117/sqft · 12% below area Est $153k · 12% 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 +15.0/30.0
• ARV discount +12.9/15.0
• Schools +5.5/10.0
• DSCR +4.6/10.0
• Livability +4.5/5.0
• Rent growth +3.9/5.0
• 1% rule +3.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cozy and well-maintained 2-story home in a private setting. Close to everything; colleges, shopping and downtown area. Updated kitchen and bath. Wonderful, classic details. All appliances and washer and dryer stay. Back yard is fenced and has a shed. Move-in condition and priced to sell!

Key facts

• Built 1910
• Listed 62 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $43 ($511/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 (13.2% below list).
• Recommended offer: $117k (13.2% below list) — sets the bar for 1% rule.
• Cap rate 6.7% 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.
• Market conditions: Rents rising fast (+5.6%/yr); 225 active listings in the ZIP; 10 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k 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 63 days — a 6% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y 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 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $117,144 (13.2% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — 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. 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?
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: 6.67%
• Cash-on-cash: 1.35%
• DSCR: 1.06
• GRM: 9.6

CMA / ARV

• ARV (median comp): $153,346
• List price: $135,000
• Delta: -11.96%
• 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
328 Chappel Ct	0.30mi	2/1.5	1,176 (+2%)	0mo	$150,000	$128	82
835 Clarke Dr	0.16mi	3/1.0 (+1)	1,142 (-1%)	4mo	$137,000	$120	80
660 Kaufmann Ave	0.47mi	2/2.5	1,176 (+2%)	1mo	$150,000	$128	70
700 Kaufmann Ave	0.50mi	3/2.0 (+1)	1,150 (-0%)	1mo	$212,000	$184	68
1594 Wood St	0.63mi	2/1.0	1,194 (+4%)	6mo	$150,000	$126	58
1615 Adair St	0.70mi	2/1.0	1,168 (+1%)	6mo	$75,000	$64	58
2417 Jackson St	0.63mi	3/1.0 (+1)	1,248 (+8%)	1mo	$63,000	$50	49
2243 White St	0.56mi	3/2.0 (+1)	1,312 (+14%)	1mo	$143,000	$109	44
2641 Fulton St	0.56mi	3/1.5 (+1)	1,318 (+14%)	2mo	$200,000	$152	43
2687 Central Ave	0.73mi	3/1.0 (+1)	1,264 (+10%)	1mo	$20,000	$16	42
2418 White St	0.62mi	3/1.5 (+1)	1,317 (+14%)	1mo	$150,000	$114	42
603 Arlington St	0.55mi	3/2.0 (+1)	1,312 (+14%)	7mo	$140,000	$107	39

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: -11.4%
• Equity multiple: 0.58×
• Total profit: $-15,997
• Equity at exit: $20,129

10-year hold

• IRR: 1.1%
• Equity multiple: 1.09×
• Total profit: $3,286
• Equity at exit: $11,672

Cash invested: $37,800 (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: 9.6×

Monthly cashflow live

• Estimated rent: $1,171 high
• Mortgage (P&I): −$708
• Tax from tax record: −$119 /mo · $1,424/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$246
• Net cashflow: $43

Break-even live

Break-even rent $1,118

Max offer price $135,000

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
253 W 17th St Dubuque, IA	2.0	1.0	800	$900	$1.12	43d	1	0.48mi
2418 Central Ave Unit 2 Dubuque, IA	2.0	1.0	900	$1,000	$1.11	43d	1	0.61mi
1602 Central Ave Unit 202 Dubuque, IA	2.0	1.0	760	$1,200	$1.58	43d	1	0.66mi
1651 White St Unit 5 Dubuque, IA	2.0	1.0	750	$1,200	$1.60	43d	1	0.66mi
1501 Central Ave Unit 1513-1 Dubuque, IA	3.0	1.0	1374	$1,175	$0.86	43d	1	0.67mi
571 Jefferson St Unit 3 Dubuque, IA	3.0	1.0	1000	$1,300	$1.30	43d	1	0.72mi
980 Mount Pleasant St Unit 1 Dubuque, IA	3.0	1.0	1236	$1,150	$0.93	43d	1	0.75mi
520 Nevada St Unit 520-2 Dubuque, IA	1.0	1.5	900	$1,100	$1.22	43d	1	0.88mi
703 Caledonia Pl Dubuque, IA	3.0	1.0	1400	$1,400	$1.00	43d	1	0.91mi
333 E 10th St Dubuque, IA	2.0	2.0	1530	$1,750	$1.14	43d	3	1.02mi

Listing history 28 events

1. 2026-06-19
   days on market $135,000 Active 63 DOM
2. 2026-06-18
   days on market $135,000 Active 62 DOM
3. 2026-06-17
   days on market $135,000 Active 61 DOM
4. 2026-06-16
   days on market $135,000 Active 60 DOM
5. 2026-06-15
   days on market $135,000 Active 59 DOM
6. 2026-06-14
   days on market $135,000 Active 57 DOM
7. 2026-06-13
   pricedays on market $135,000 Active 56 DOM
8. 2026-06-10
   days on market $137,500 Active 54 DOM
9. 2026-06-09
   days on market $137,500 Active 53 DOM
10. 2026-06-08
    days on market $137,500 Active 52 DOM
11. 2026-06-07
    days on market $137,500 Active 51 DOM
12. 2026-06-05
    days on market $137,500 Active 48 DOM
13. 2026-06-03
    days on market $137,500 Active 47 DOM
14. 2026-06-02
    days on market $137,500 Active 46 DOM
15. 2026-06-01
    days on market $137,500 Active 45 DOM
16. 2026-05-31
    days on market $137,500 Active 44 DOM
17. 2026-05-30
    days on market $137,500 Active 43 DOM
18. 2026-05-18
    price $137,500 288-char remark

    Show marketing remark (288 chars)

    Cozy and well-maintained 2-story home in a private setting. Close to everything; colleges, shopping and downtown area. Updated kitchen and bath. Wonderful, classic details. All appliances and washer and dryer stay. Back yard is fenced and has a shed. Move-in condition and priced to sell!

19. 2026-04-17
    listed $140,000 Active 288-char remark

    Show marketing remark (288 chars)

    Cozy and well-maintained 2-story home in a private setting. Close to everything; colleges, shopping and downtown area. Updated kitchen and bath. Wonderful, classic details. All appliances and washer and dryer stay. Back yard is fenced and has a shed. Move-in condition and priced to sell!

20. 2025-07-22
    soldstatus $125,000
21. 2025-07-14
    soldstatus $125,000 Closed 299-char remark

    Show marketing remark (299 chars)

    Wonderfully maintained 2 bed/1 bath, two-story house on a quiet street! Check out this wonderful home off of Clark Drive. Close to universities, shopping, and quick access to downtown restaurants and nightlife. Oak trim and woodwork throughout and a quiet, private backyard! Plenty of storage, too!

22. 2025-05-30
    status Pending 299-char remark

    Show marketing remark (299 chars)

    Wonderfully maintained 2 bed/1 bath, two-story house on a quiet street! Check out this wonderful home off of Clark Drive. Close to universities, shopping, and quick access to downtown restaurants and nightlife. Oak trim and woodwork throughout and a quiet, private backyard! Plenty of storage, too!

23. 2025-05-28
    listed $125,000 Active 299-char remark

    Show marketing remark (299 chars)

    Wonderfully maintained 2 bed/1 bath, two-story house on a quiet street! Check out this wonderful home off of Clark Drive. Close to universities, shopping, and quick access to downtown restaurants and nightlife. Oak trim and woodwork throughout and a quiet, private backyard! Plenty of storage, too!

24. 2018-08-20
    soldstatus $93,000
25. 2018-04-12
    listed $97,900
26. 2012-11-09
    soldstatus $87,000
27. 2006-05-23
    soldstatus $88,500
28. 2006-02-06
    soldstatus $55,500

ⓘ 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: $1,424 · $119/mo
• Projected year-2 tax: $1,772 · $148/mo
• Expected delta: +$348/yr (+$29/mo · 24.4%)

ⓘ 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: $14,057
• − Mortgage interest: −$7,562
• − Property taxes: −$1,424
• − Insurance: −$675
• − Repairs & maintenance: −$1,125
• − Management: −$1,125
• − Depreciation: −$3,927
• Taxable loss: −$1,780
• Est. tax savings @ 24.0%: +$427
• After-tax cash flow: $938/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

+147.7% since first listed

11 events — show timeline

• 2026-05-18 Price Changed $137,500 ECIMLS
• 2026-04-17 Listed $140,000 ECIMLS
• 2025-07-22 Sold (Public Records) $125,000 Public Records
• 2025-07-14 Sold (MLS) $125,000 ECIMLS
• 2025-05-30 Pending — ECIMLS
• 2025-05-28 Listed $125,000 ECIMLS
• 2018-08-20 Sold (Public Records) $93,000 Public Records
• 2018-04-12 Listed $97,900 ECIMLS
• 2012-11-09 Sold (Public Records) $87,000 Public Records
• 2006-05-23 Sold (Public Records) $88,500 Public Records
• 2006-02-06 Sold (Public Records) $55,500 Public Records

Property tax history

+3.1%/yr

Latest (2025): $1,424 · +3.2% YoY. Source: county tax records.