3803 Blue Mound Dr Dr NE · Cedar Rapids, IA 52402

$184,900

3 bd · 1.0 ba · 912 sqft · SingleFamily public records · 3 Days on market

Built 1978 6,970 sqft lot Est $155k · 19% 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 +6.7/30.0
• Rent growth +5.0/5.0
• Schools +4.7/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0
• DSCR +1.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Ranch home, double stall garage, fenced-in yard, in a prime NE location! Come inside and enjoy the open concept living room, kitchen and dining room. The living room is bright and happy with a large ceiling to floor window. Coat closet right inside the front door for storage. Off the dining area there is a door to the exterior. The kitchen has lots of windows for more natural light. Picturesque kitchen sink with window in front of it overlooking the fenced backyard! Down the hall is a full bathroom and three nice sized bedrooms. Downstairs is an almost finished room, as well as half bathroom, laundry, and lots of space for storage! This home has room for growth in equity but still is move-in ready. The basement squarefootage is approximate. Buyer to verify all information. Home is being sold as is, seller will not make repairs.

Key facts

• Fenced-in yard
• 6,970 sq ft lot
• 2 parking spots

Tags

• FENCED-IN YARD
• OPEN CONCEPT LIVING ROOM
• PICTURESQUE KITCHEN SINK
• LOTS OF SPACE FOR STORAGE

Property features AI

Finance

• HOA & community: Association fee billed annually; Community features: Other

Exterior

• Parking: 2 parking spaces
• Utilities: Public water; Public sewer; Cable available
• Home design: Single-family residence; Residential property
• Construction: Wood siding; Aluminum siding; Frame construction; Full basement (finished and unfinished areas)
• Exterior features: Fenced yard; Irregular lot

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central air conditioning; Forced air heating; Natural gas heating
• Interior features: Dishwasher; Dryer; Microwave; Refrigerator; Washer; No fireplace
• Laundry & utility: Laundry in basement; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $-293 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $133k (28.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $128k (31.0% below list).
• Recommended offer: $128k (31.0% below list) — sets the bar for 1% rule.
• Cap rate 4.4% vs local median 3.5% in Cedar Rapids — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 78/100 on livability (#134 in IA, #2,474 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, commute F.
• Cedar Rapids Community School District (urban): math 50% / reading 59% proficiency, ranked #265 of 289 in IA (top 92%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Harding Middle School (math 61% / reading 69%, grade A-, #154 of 246 statewide, top 63%, 713 students, 43% FRL); John F Kennedy High School (math 63% / reading 77%, grade B+, #146 of 336 statewide, top 45%, 1,714 students, 31% FRL).
• Zoned-school proficiency averages 68% at this address vs 54% district-wide (+13 pts) — the actual schools serving this property are materially stronger than the Cedar Rapids Community School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+11.0%/yr); 290 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,023 units permitted in Linn County in 2024 (456 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 $6k of value loss. Plan a longer hold.
• Linn County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 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.

Recommended offer $127,508 (31.0% 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. Built in 1978 — 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. 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?
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: 0.69% ✗
• Cap rate: 4.39%
• Cash-on-cash: -6.79%
• DSCR: 0.70
• GRM: 12.1

CMA / ARV

• ARV (on-the-fly): $155,040
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3817 Spruce Wood Ct NE	0.17mi	3/1.5	1,038 (+14%)	1mo	$210,000	$202	66
1107 Raney St	0.64mi	3/1.0	912 (0%)	14mo	$155,000	$170	59
4232 Twin Pine Dr NE	0.51mi	3/1.0	1,021 (+12%)	12mo	$162,500	$159	46

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -22.6%
• Equity multiple: 0.19×
• Total profit: $-41,853
• Equity at exit: $27,569

10-year hold

• IRR: -7.5%
• Equity multiple: 0.43×
• Total profit: $-29,672
• Equity at exit: $15,987

Cash invested: $51,772 (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 52402

• Rents YoY: 11.0%
• Active inventory: 290
• Price-to-rent: 12.1×

Monthly cashflow live

• Estimated rent: $1,275 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$254 /mo · $3,044/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$268
• Net cashflow: $-293

Break-even live

Break-even rent $1,646

Max offer price $133,136

Occupancy floor —

Sensitivity live

Price	-10% $-188	-5% $-241	+0% $-293	+5% $-345	+10% $-398
Rent	-10% $-394	-5% $-343	+0% $-293	+5% $-243	+10% $-192
Rate	-1.0pp $-200	-0.5pp $-246	base $-293	+0.5pp $-341	+1.0pp $-390

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: $46,225
• Closing costs: $5,547
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1400 Blairs Ferry Rd Hiawatha, IA	1.0–2.0	1.0	651	$950	$1.46	14d	1	0.51mi
62 Northwood Dr Unit 4 Hiawatha, IA	2.0	1.0	800	$750	$0.94	44d	1	1.42mi

Listing history 16 events

1. 2026-05-15
   status Pending 839-char remark

   Show marketing remark (839 chars)

   Ranch home, double stall garage, fenced-in yard, in a prime NE location! Come inside and enjoy the open concept living room, kitchen and dining room. The living room is bright and happy with a large ceiling to floor window. Coat closet right inside the front door for storage. Off the dining area there is a door to the exterior. The kitchen has lots of windows for more natural light. Picturesque kitchen sink with window in front of it overlooking the fenced backyard! Down the hall is a full bathroom and three nice sized bedrooms. Downstairs is an almost finished room, as well as half bathroom, laundry, and lots of space for storage! This home has room for growth in equity but still is move-in ready. The basement squarefootage is approximate. Buyer to verify all information. Home is being sold as is, seller will not make repairs.

2. 2026-05-15
   status Pending

   Show marketing remark (839 chars)

   Ranch home, double stall garage, fenced-in yard, in a prime NE location! Come inside and enjoy the open concept living room, kitchen and dining room. The living room is bright and happy with a large ceiling to floor window. Coat closet right inside the front door for storage. Off the dining area there is a door to the exterior. The kitchen has lots of windows for more natural light. Picturesque kitchen sink with window in front of it overlooking the fenced backyard! Down the hall is a full bathroom and three nice sized bedrooms. Downstairs is an almost finished room, as well as half bathroom, laundry, and lots of space for storage! This home has room for growth in equity but still is move-in ready. The basement squarefootage is approximate. Buyer to verify all information. Home is being sold as is, seller will not make repairs.

3. 2026-05-12
   listed $184,900 Active 839-char remark

   Show marketing remark (839 chars)

   Ranch home, double stall garage, fenced-in yard, in a prime NE location! Come inside and enjoy the open concept living room, kitchen and dining room. The living room is bright and happy with a large ceiling to floor window. Coat closet right inside the front door for storage. Off the dining area there is a door to the exterior. The kitchen has lots of windows for more natural light. Picturesque kitchen sink with window in front of it overlooking the fenced backyard! Down the hall is a full bathroom and three nice sized bedrooms. Downstairs is an almost finished room, as well as half bathroom, laundry, and lots of space for storage! This home has room for growth in equity but still is move-in ready. The basement squarefootage is approximate. Buyer to verify all information. Home is being sold as is, seller will not make repairs.

4. 2026-05-12
   listed $184,900 Active

   Show marketing remark (839 chars)

   Ranch home, double stall garage, fenced-in yard, in a prime NE location! Come inside and enjoy the open concept living room, kitchen and dining room. The living room is bright and happy with a large ceiling to floor window. Coat closet right inside the front door for storage. Off the dining area there is a door to the exterior. The kitchen has lots of windows for more natural light. Picturesque kitchen sink with window in front of it overlooking the fenced backyard! Down the hall is a full bathroom and three nice sized bedrooms. Downstairs is an almost finished room, as well as half bathroom, laundry, and lots of space for storage! This home has room for growth in equity but still is move-in ready. The basement squarefootage is approximate. Buyer to verify all information. Home is being sold as is, seller will not make repairs.

5. 2026-03-02
   price $172,000 437-char remark

   Show marketing remark (437 chars)

   Discover a charming ranch with 3 beds, 1 bath, and a 2-stall garage. Move-in ready, this home features a cozy living area filled with natural light. The vintage kitchen and bath add character while ensuring modern comfort. Relax in the lovely backyard oasis. Conveniently located near schools, parks, and shopping. The unfinished lower level provides room for future expansion! Your nostalgic dream home awaits! Schedule a showing today!

6. 2023-09-11
   soldstatus $172,500
7. 2023-09-05
   soldstatus $172,500 Closed 437-char remark

   Show marketing remark (437 chars)

   Discover a charming ranch with 3 beds, 1 bath, and a 2-stall garage. Move-in ready, this home features a cozy living area filled with natural light. The vintage kitchen and bath add character while ensuring modern comfort. Relax in the lovely backyard oasis. Conveniently located near schools, parks, and shopping. The unfinished lower level provides room for future expansion! Your nostalgic dream home awaits! Schedule a showing today!

8. 2023-09-05
   soldstatus $172,500 Closed

   Show marketing remark (437 chars)

   Discover a charming ranch with 3 beds, 1 bath, and a 2-stall garage. Move-in ready, this home features a cozy living area filled with natural light. The vintage kitchen and bath add character while ensuring modern comfort. Relax in the lovely backyard oasis. Conveniently located near schools, parks, and shopping. The unfinished lower level provides room for future expansion! Your nostalgic dream home awaits! Schedule a showing today!

9. 2023-08-30
   historical Active Under Contract 437-char remark

   Show marketing remark (437 chars)

   Discover a charming ranch with 3 beds, 1 bath, and a 2-stall garage. Move-in ready, this home features a cozy living area filled with natural light. The vintage kitchen and bath add character while ensuring modern comfort. Relax in the lovely backyard oasis. Conveniently located near schools, parks, and shopping. The unfinished lower level provides room for future expansion! Your nostalgic dream home awaits! Schedule a showing today!

10. 2023-08-08
    historical 437-char remark

    Show marketing remark (437 chars)

    Discover a charming ranch with 3 beds, 1 bath, and a 2-stall garage. Move-in ready, this home features a cozy living area filled with natural light. The vintage kitchen and bath add character while ensuring modern comfort. Relax in the lovely backyard oasis. Conveniently located near schools, parks, and shopping. The unfinished lower level provides room for future expansion! Your nostalgic dream home awaits! Schedule a showing today!

11. 2023-08-06
    historical Active Under Contract 437-char remark

    Show marketing remark (437 chars)

    Discover a charming ranch with 3 beds, 1 bath, and a 2-stall garage. Move-in ready, this home features a cozy living area filled with natural light. The vintage kitchen and bath add character while ensuring modern comfort. Relax in the lovely backyard oasis. Conveniently located near schools, parks, and shopping. The unfinished lower level provides room for future expansion! Your nostalgic dream home awaits! Schedule a showing today!

12. 2023-08-06
    status Pending

    Show marketing remark (437 chars)

    Discover a charming ranch with 3 beds, 1 bath, and a 2-stall garage. Move-in ready, this home features a cozy living area filled with natural light. The vintage kitchen and bath add character while ensuring modern comfort. Relax in the lovely backyard oasis. Conveniently located near schools, parks, and shopping. The unfinished lower level provides room for future expansion! Your nostalgic dream home awaits! Schedule a showing today!

13. 2023-08-05
    price $172,500 437-char remark

    Show marketing remark (437 chars)

    Discover a charming ranch with 3 beds, 1 bath, and a 2-stall garage. Move-in ready, this home features a cozy living area filled with natural light. The vintage kitchen and bath add character while ensuring modern comfort. Relax in the lovely backyard oasis. Conveniently located near schools, parks, and shopping. The unfinished lower level provides room for future expansion! Your nostalgic dream home awaits! Schedule a showing today!

14. 2023-08-04
    listed $172,000 Active 437-char remark

    Show marketing remark (437 chars)

    Discover a charming ranch with 3 beds, 1 bath, and a 2-stall garage. Move-in ready, this home features a cozy living area filled with natural light. The vintage kitchen and bath add character while ensuring modern comfort. Relax in the lovely backyard oasis. Conveniently located near schools, parks, and shopping. The unfinished lower level provides room for future expansion! Your nostalgic dream home awaits! Schedule a showing today!

15. 2023-08-04
    listed $172,000 Active

    Show marketing remark (437 chars)

    Discover a charming ranch with 3 beds, 1 bath, and a 2-stall garage. Move-in ready, this home features a cozy living area filled with natural light. The vintage kitchen and bath add character while ensuring modern comfort. Relax in the lovely backyard oasis. Conveniently located near schools, parks, and shopping. The unfinished lower level provides room for future expansion! Your nostalgic dream home awaits! Schedule a showing today!

16. 2022-04-20
    soldstatus $163,500

ⓘ 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: $3,044 · $254/mo
• Projected year-2 tax: $3,044 · $254/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 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,301
• − Mortgage interest: −$10,357
• − Property taxes: −$3,044
• − Insurance: −$924
• − Repairs & maintenance: −$1,224
• − Management: −$1,224
• − Depreciation: −$5,379
• Taxable loss: −$6,852
• Est. tax savings @ 24.0%: +$1,644
• After-tax cash flow: $-1,872/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: Cedar Rapids Community School District
• NCES district ID: 1906540
• Math proficiency: 50% ▼ -12.00%
• Reading proficiency: 59% ▼ -6.00%
• Median HH income: $53,568
• Composite: 46.82/100
• National rank: #2378
• State rank: #265 of 289 in IA

Livability — Cedar Rapids

• Score: 78/100
• State rank: #134
• US rank: #2474

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cedar Rapids, IA
• County: Linn County · 179,860 people
• City population: 137,154
• Metro: Cedar Rapids, IA
• Population (ZIP): 42,938
• Household income: $73,439
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 971.0

Population outlook (Linn County) Hauer SSP2

• Today (2025): 239,589 people
• By 2030: 248,587 · +3.8%
• By 2040: 264,817 · +10.5%
• By 2050: 278,685 · +16.3%
• By 2075: 311,754 · +30.1%
• By 2100: 336,773 · +40.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Two or more races 7% Black 6% Asian 6% Hispanic / Latino 4%
• Common ancestry: Portuguese 4% Lithuanian 2% Iranian 2%
• Foreign-born: 8% · Canada, Philippines, China
• Languages at home: 89% English-only · Spanish 3% Other Indo-European 3% Other Asian/Pacific 2%

Political lean MEDSL · Linn

• 2024 margin: Lean D (+9.9) · D 54.2% · R 44.3% · Other 1.4%
• 2008→2024 swing: -11.6pp toward R · 2008: 21.5pp · 2024: 9.9pp
• All cycles: 2024: D+9.9 2020: D+13.7 2016: D+9.0 2012: D+17.6 2008: D+21.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -133.31%
• Current HPI: 201.7061
• Rent YoY: ▲ 10.97%
• Metro: Cedar Rapids, 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

+13.1% since first listed

16 events — show timeline

• 2026-05-15 Pending — CRAAR, CDRMLS
• 2026-05-15 Pending — ICAARMLS
• 2026-05-12 Listed $184,900 ICAARMLS
• 2026-05-12 Listed $184,900 CRAAR, CDRMLS
• 2026-03-02 Price Changed $172,000 ICAARMLS
• 2023-09-11 Sold (Public Records) $172,500 Public Records
• 2023-09-05 Sold (MLS) $172,500 CRAAR, CDRMLS
• 2023-09-05 Sold (MLS) $172,500 ICAARMLS
• 2023-08-30 Contingent — ICAARMLS
• 2023-08-08 Delisted — ICAARMLS
• 2023-08-06 Contingent — ICAARMLS
• 2023-08-06 Pending — CRAAR, CDRMLS
• 2023-08-05 Price Changed $172,500 ICAARMLS
• 2023-08-04 Listed $172,000 CRAAR, CDRMLS
• 2023-08-04 Listed $172,000 ICAARMLS
• 2022-04-20 Sold (Public Records) $163,500 Public Records

Property tax history

+2.3%/yr

Latest (2025): $3,044 · +8.2% YoY. Source: county tax records.