343 Mosswood Ln · Iowa City, IA 52246

$95,000

3 bd · 1.0 ba · 2,100 sqft · Other public records · 120 Days on market

Built 2003 $45/sqft · 15% above area Est $83k · 15% over ↓ 3% since listing

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.7/10.0
• Livability +4.3/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• ARV discount +0.9/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to your next home. This home offer 3 bedrooms and 2 baths. The front porch is lines with flowers that will come up this spring and a 2.5 car garage that is attached to the home. In the heated garage you will find tons of storage. As you walk into the living room you find a beautiful built in cabinet and large open kitchen. Many of the appliances are new within the last 2 years and the water heater, ac and roof have all been replaced in the last 5 years. This home is sold as is/where is and is located in Lake Ridge Mobile home park. The park has a nice lake and a new playground. The listing brokerage has a dealers license to be able to sell homes on leased land. Please call lake ridge for park details.

Key facts

• Heated garage
• Front porch
• Built in cabinet

Tags

• FRONT PORCH
• BUILT IN CABINET
• LARGE OPEN KITCHEN
• HEATED GARAGE
• TONS OF STORAGE
• NICE LAKE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $95k.

Deal economics

• At list price, monthly cash flow is $855 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Recommended offer: $86k (9.0% below list) — sets the bar for market timing.
• Cap rate 17.1% vs local median 2.7% in Iowa City — 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 86/100 on livability (#13 in IA, #450 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+.
• Iowa City Community School District (urban): math 65% / reading 70% proficiency, ranked #174 of 289 in IA (top 60%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.9%/yr); 207 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 714 units permitted in Johnson County in 2024 (158 in 5+ unit buildings).
• This rent runs 37% of the median local income ($63k/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 $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Johnson County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $27k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 120 days — a 9% lower offer ($86k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $86,450 (9.0% below list)

Questions for the listing agent

1. It's been on market 120 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-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: 2.01% ✓
• Cap rate: 17.10%
• Cash-on-cash: 38.59%
• DSCR: 2.72
• GRM: 4.1

CMA / ARV

• ARV (median comp): $82,886
• List price: $95,000
• Delta: 14.62%
• Verdict: OVERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.94% rent growth · sell at horizon

5-year hold

• IRR: 36.9%
• Equity multiple: 2.61×
• Total profit: $42,924
• Equity at exit: $14,165

10-year hold

• IRR: 44.5%
• Equity multiple: 5.66×
• Total profit: $123,906
• Equity at exit: $8,214

Cash invested: $26,600 (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 52246

• Rents YoY: 4.9%
• Active inventory: 207
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,914 medium
• Mortgage (P&I): −$498
• Tax est. 1.5%: −$119 /mo · $1,425/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$402
• Net cashflow: $855

Break-even live

Break-even rent $831

Max offer price $95,000

Occupancy floor 50%

Sensitivity live

Price	-10% $921	-5% $888	+0% $855	+5% $823	+10% $790
Rent	-10% $704	-5% $780	+0% $855	+5% $931	+10% $1,007
Rate	-1.0pp $903	-0.5pp $880	base $855	+0.5pp $831	+1.0pp $806

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
944 Spring Ridge Dr Iowa City, IA	4.0	2.0	2240	$2,800	$1.25	14d	1	0.26mi

Listing history 19 events

1. 2026-06-19
   days on market $95,000 Active 120 DOM
2. 2026-06-18
   days on market $95,000 Active 119 DOM
3. 2026-06-17
   days on market $95,000 Active 118 DOM
4. 2026-06-16
   days on market $95,000 Active 117 DOM
5. 2026-06-15
   days on market $95,000 Active 116 DOM
6. 2026-06-14
   days on market $95,000 Active 114 DOM
7. 2026-06-13
   days on market $95,000 Active 113 DOM
8. 2026-06-10
   days on market $95,000 Active 111 DOM
9. 2026-06-09
   days on market $95,000 Active 110 DOM
10. 2026-06-08
    days on market $95,000 Active 109 DOM
11. 2026-06-07
    days on market $95,000 Active 108 DOM
12. 2026-06-05
    days on market $95,000 Active 105 DOM
13. 2026-06-03
    days on market $95,000 Active 104 DOM
14. 2026-06-02
    days on market $95,000 Active 103 DOM
15. 2026-06-01
    days on market $95,000 Active 102 DOM
16. 2026-05-31
    days on market $95,000 Active 101 DOM
17. 2026-05-30
    days on market $95,000 Active 100 DOM
18. 2026-04-15
    price $95,000 718-char remark

    Show marketing remark (718 chars)

    Welcome to your next home. This home offer 3 bedrooms and 2 baths. The front porch is lines with flowers that will come up this spring and a 2.5 car garage that is attached to the home. In the heated garage you will find tons of storage. As you walk into the living room you find a beautiful built in cabinet and large open kitchen. Many of the appliances are new within the last 2 years and the water heater, ac and roof have all been replaced in the last 5 years. This home is sold as is/where is and is located in Lake Ridge Mobile home park. The park has a nice lake and a new playground. The listing brokerage has a dealers license to be able to sell homes on leased land. Please call lake ridge for park details.

19. 2026-02-19
    listed $98,000 Active 718-char remark

    Show marketing remark (718 chars)

    Welcome to your next home. This home offer 3 bedrooms and 2 baths. The front porch is lines with flowers that will come up this spring and a 2.5 car garage that is attached to the home. In the heated garage you will find tons of storage. As you walk into the living room you find a beautiful built in cabinet and large open kitchen. Many of the appliances are new within the last 2 years and the water heater, ac and roof have all been replaced in the last 5 years. This home is sold as is/where is and is located in Lake Ridge Mobile home park. The park has a nice lake and a new playground. The listing brokerage has a dealers license to be able to sell homes on leased land. Please call lake ridge for park details.

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X · 92% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 3/10 Moderate
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,966
• − Mortgage interest: −$5,321
• − Property taxes: −$1,425
• − Insurance: −$475
• − Repairs & maintenance: −$1,837
• − Management: −$1,837
• − Depreciation: −$2,764
• Taxable income: $9,306
• Est. tax owed @ 24.0%: −$2,234
• After-tax cash flow: $8,031/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: Iowa City Community School District
• NCES district ID: 1914700
• Math proficiency: 65% ▼ -6.00%
• Reading proficiency: 70% ▲ 2.00%
• Median HH income: $50,229
• Composite: 57.3/100
• National rank: #1088
• State rank: #174 of 289 in IA

Livability — Iowa City

• Score: 86/100
• State rank: #13
• US rank: #450

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Johnson County · 132,710 people
• City population: 80,235
• Metro: Iowa City, IA
• Population (ZIP): 22,308
• Household income: $62,521
• Rent vs Own: 54.8% rent · 45.2% own
• Severe rent burden: 1680.0

Population outlook (Johnson County) Hauer SSP2

• Today (2025): 180,405 people
• By 2030: 200,014 · +10.9%
• By 2040: 241,428 · +33.8%
• By 2050: 288,144 · +59.7%
• By 2075: 420,009 · +132.8%
• By 2100: 546,596 · +203.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (65%)
• Race & ethnicity: White 65% Black 12% Asian 11% Hispanic / Latino 8% Two or more races 8%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Portuguese 4% Swedish 3% Slovak 2%
• Foreign-born: 17% · China, Canada, South Korea
• Languages at home: 73% English-only · Spanish 6% Arabic 5% Chinese 4%

Political lean MEDSL · Johnson

• 2024 margin: Solid D (+38.1) · D 68.4% · R 30.3% · Other 1.3%
• 2008→2024 swing: -3.4pp toward R · 2008: 41.5pp · 2024: 38.1pp
• All cycles: 2024: D+38.1 2020: D+43.2 2016: D+38.3 2012: D+35.4 2008: D+41.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -151.08%
• Current HPI: 159.5713
• Rent YoY: ▲ 4.94%
• Metro: Iowa City, 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

-3.1% since first listed

2 events — show timeline

• 2026-04-15 Price Changed $95,000 ICAARMLS
• 2026-02-19 Listed $98,000 ICAARMLS

Property tax history

+5.4%/yr

Latest (2021): $104 · +2.0% YoY. Source: county tax records.