4722 152nd St · Urbandale, IA 50323

$635,000

5 bd · 3.0 ba · 3,509 sqft · Other public records · 45 Days on market

Built 2015 0.37 ac lot $181/sqft · 57% below area Est $785k · 19% under ↓ 6% since listing

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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
• Appreciation +7.4/10.0
• Schools +7.1/10.0
• Livability +4.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Cash flow +1.3/30.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Step inside this modern mid-century walkout ranch featuring open concept design with 11' ceilings in the living room with tons of natural light and gas fireplace. Kitchen area features large island with quartz counter tops, dining area and walk-in pantry. Enter from the garage through drop zone with built-in storage and adjacent laundry room. Enjoy your covered deck and watch the sunset. The master suite features 10' tray-ceiling and master bath with 0 entry full tiled walk-in rain shower, double vanity and walk-in closet. Finish off the main with 2 additional bedrooms and a full bath. For the growing family a basement ready for future finish of 2 additional bedrooms, large family room, and stubbed for full bath and wet bar entertainment area. This home is steps away from the walnut creek trails and frisbee golf park. You will love this conveniently located serene neighborhood. All information obtained from Seller and public records.

Key facts

• 0.37 acre lot
• 3 garage spots
• Built 2015

Property features AI

Exterior

• Parking: Attached three-car garage
• Utilities: Public water
• Home design: Single-story home; Below-grade finished area; Poured foundation
• Construction: Cement siding, stone, and stucco exterior; Asphalt shingle roof; Poured foundation; Built with below-grade finished area
• Exterior features: Deck; Covered and open patio; Sprinkler/irrigation system; Rectangular lot; Concrete road access

Interior

• Kitchen: Built-in oven; Cooktop; Dishwasher; Microwave; Refrigerator; Wine cooler
• Bedrooms: Three main-level bedrooms
• Flooring: Carpet; Tile
• Bathrooms: One full bathroom; Two three-quarter bathrooms
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Wet bar; Dining area; Eat-in kitchen; Finished walk-out basement; Gas vented fireplace (1)
• Laundry & utility: Laundry on main level

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath other listed at $635k.

Deal economics

• At list price, monthly cash flow is $-3k ($-30k/yr) — negative.
• To cash-flow at today's rent, offer at most $190k (70.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $235k (63.0% below list).
• Recommended offer: $190k (70.1% below list) — sets the bar for cash-flow.
• Cap rate 1.5% vs local median 2.4% in Urbandale — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 90/100 on livability (#4 in IA, #69 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, employment A+; Watch: commute F.
• Waukee Community School District (suburban): math 80% / reading 79% proficiency, ranked #14 of 289 in IA (top 5%) — strong family-tenant draw, lease renewals of 3-5y typical; only 11% free/reduced lunch — higher-income household profile.
• Zoned schools: Walnut Hills Elementary School (math 91% / reading 81%, grade A+, #26 of 616 statewide, top 4%, 625 students, 9% FRL); Waukee Middle School (math 83% / reading 81%, grade A+, #22 of 246 statewide, top 12%, 1,069 students, 12% FRL); Waukee High School (math 74% / reading 82%, grade A-, #53 of 336 statewide, top 16%, 1,268 students, 24% FRL) — zoned schools at 15% FRL track the district average.
• Market conditions: 381 active listings in the ZIP; high-income renter base; 1,503 units permitted in Dallas County in 2024 (630 in 5+ unit buildings).
• This rent is only 16% of the median local income ($176k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• In year one you build about $35k of equity ($4k loan paydown + $31k appreciation (4.8% local appreciation)).
• Dallas County population projected at +74% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$56k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($616k) is reasonable based on typical stale-listing flexibility.
• 5 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 $440k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $190,160 (70.1% 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. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 70% concession, seller financing, or rate buy-down credit?
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. 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: 0.37% ✗
• Cap rate: 1.51%
• Cash-on-cash: -17.06%
• DSCR: 0.24
• GRM: 22.5

CMA / ARV

• ARV (median comp): $784,981
• List price: $635,000
• Delta: -19.11%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

4.81% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -1.9%
• Equity multiple: 0.88×
• Total profit: $-21,604
• Equity at exit: $352,441

10-year hold

• IRR: 2.3%
• Equity multiple: 1.44×
• Total profit: $77,470
• Equity at exit: $602,228

Cash invested: $177,800 (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 50323

• Home prices YoY: 2.5%
• Active inventory: 381
• Price-to-rent: 22.5×

Monthly cashflow live

• Estimated rent: $2,353 medium
• Mortgage (P&I): −$3,330
• Tax from tax record: −$792 /mo · $9,508/yr
• Insurance: −$265
• HOA: −$0
• Vacancy / Maint / Mgmt: −$494
• Net cashflow: $-2,528

Break-even live

Break-even rent $5,553

Max offer price $190,160

Occupancy floor —

Sensitivity live

Price	-10% $-2,169	-5% $-2,349	+0% $-2,528	+5% $-2,708	+10% $-2,888
Rent	-10% $-2,714	-5% $-2,621	+0% $-2,528	+5% $-2,435	+10% $-2,343
Rate	-1.0pp $-2,209	-0.5pp $-2,367	base $-2,528	+0.5pp $-2,693	+1.0pp $-2,860

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: $158,750
• Closing costs: $19,050
• Reserves months: —
• Total cash needed: —

Listing history 31 events

1. 2026-06-21
   days on market $635,000 Active 45 DOM
2. 2026-06-18
   days on market $635,000 Active 42 DOM
3. 2026-06-17
   days on market $635,000 Active 41 DOM
4. 2026-06-16
   days on market $635,000 Active 40 DOM
5. 2026-06-15
   days on market $635,000 Active 39 DOM
6. 2026-06-14
   days on market $635,000 Active 37 DOM
7. 2026-06-13
   days on market $635,000 Active 36 DOM
8. 2026-06-10
   days on market $635,000 Active 34 DOM
9. 2026-06-09
   days on market $635,000 Active 33 DOM
10. 2026-06-08
    days on market $635,000 Active 32 DOM
11. 2026-06-07
    days on market $635,000 Active 31 DOM
12. 2026-06-05
    days on market $635,000 Active 28 DOM
13. 2026-06-03
    days on market $635,000 Active 27 DOM
14. 2026-06-03
    price $635,000 Active 26 DOM
15. 2026-06-02
    days on market $650,000 Active 26 DOM
16. 2026-06-01
    days on market $650,000 Active 25 DOM
17. 2026-05-31
    days on market $650,000 Active 24 DOM
18. 2026-05-31
    days on market $650,000 Active 23 DOM
19. 2026-05-07
    listed $650,000 Active 1200-char remark
20. 2020-06-11
    soldstatus $440,000
21. 2020-05-22
    soldstatus $440,000 Closed 947-char remark

    Show marketing remark (947 chars)

    Step inside this modern mid-century walkout ranch featuring open concept design with 11' ceilings in the living room with tons of natural light and gas fireplace. Kitchen area features large island with quartz counter tops, dining area and walk-in pantry. Enter from the garage through drop zone with built-in storage and adjacent laundry room. Enjoy your covered deck and watch the sunset. The master suite features 10' tray-ceiling and master bath with 0 entry full tiled walk-in rain shower, double vanity and walk-in closet. Finish off the main with 2 additional bedrooms and a full bath. For the growing family a basement ready for future finish of 2 additional bedrooms, large family room, and stubbed for full bath and wet bar entertainment area. This home is steps away from the walnut creek trails and frisbee golf park. You will love this conveniently located serene neighborhood. All information obtained from Seller and public records.

22. 2020-04-14
    status Pending 947-char remark

    Show marketing remark (947 chars)

    Step inside this modern mid-century walkout ranch featuring open concept design with 11' ceilings in the living room with tons of natural light and gas fireplace. Kitchen area features large island with quartz counter tops, dining area and walk-in pantry. Enter from the garage through drop zone with built-in storage and adjacent laundry room. Enjoy your covered deck and watch the sunset. The master suite features 10' tray-ceiling and master bath with 0 entry full tiled walk-in rain shower, double vanity and walk-in closet. Finish off the main with 2 additional bedrooms and a full bath. For the growing family a basement ready for future finish of 2 additional bedrooms, large family room, and stubbed for full bath and wet bar entertainment area. This home is steps away from the walnut creek trails and frisbee golf park. You will love this conveniently located serene neighborhood. All information obtained from Seller and public records.

23. 2020-04-13
    price $445,000 947-char remark

    Show marketing remark (947 chars)

    Step inside this modern mid-century walkout ranch featuring open concept design with 11' ceilings in the living room with tons of natural light and gas fireplace. Kitchen area features large island with quartz counter tops, dining area and walk-in pantry. Enter from the garage through drop zone with built-in storage and adjacent laundry room. Enjoy your covered deck and watch the sunset. The master suite features 10' tray-ceiling and master bath with 0 entry full tiled walk-in rain shower, double vanity and walk-in closet. Finish off the main with 2 additional bedrooms and a full bath. For the growing family a basement ready for future finish of 2 additional bedrooms, large family room, and stubbed for full bath and wet bar entertainment area. This home is steps away from the walnut creek trails and frisbee golf park. You will love this conveniently located serene neighborhood. All information obtained from Seller and public records.

24. 2020-01-22
    price $455,000 947-char remark

    Show marketing remark (947 chars)

    Step inside this modern mid-century walkout ranch featuring open concept design with 11' ceilings in the living room with tons of natural light and gas fireplace. Kitchen area features large island with quartz counter tops, dining area and walk-in pantry. Enter from the garage through drop zone with built-in storage and adjacent laundry room. Enjoy your covered deck and watch the sunset. The master suite features 10' tray-ceiling and master bath with 0 entry full tiled walk-in rain shower, double vanity and walk-in closet. Finish off the main with 2 additional bedrooms and a full bath. For the growing family a basement ready for future finish of 2 additional bedrooms, large family room, and stubbed for full bath and wet bar entertainment area. This home is steps away from the walnut creek trails and frisbee golf park. You will love this conveniently located serene neighborhood. All information obtained from Seller and public records.

25. 2020-01-03
    listed $460,000 Active 947-char remark

    Show marketing remark (947 chars)

    Step inside this modern mid-century walkout ranch featuring open concept design with 11' ceilings in the living room with tons of natural light and gas fireplace. Kitchen area features large island with quartz counter tops, dining area and walk-in pantry. Enter from the garage through drop zone with built-in storage and adjacent laundry room. Enjoy your covered deck and watch the sunset. The master suite features 10' tray-ceiling and master bath with 0 entry full tiled walk-in rain shower, double vanity and walk-in closet. Finish off the main with 2 additional bedrooms and a full bath. For the growing family a basement ready for future finish of 2 additional bedrooms, large family room, and stubbed for full bath and wet bar entertainment area. This home is steps away from the walnut creek trails and frisbee golf park. You will love this conveniently located serene neighborhood. All information obtained from Seller and public records.

26. 2015-06-12
    soldstatus $412,720

    Show marketing remark (51 chars)

    BTO. Spectacular NEW plan by Genesis Homes of Iowa.

27. 2015-01-23
    listed $469,900

    Show marketing remark (51 chars)

    BTO. Spectacular NEW plan by Genesis Homes of Iowa.

28. 2015-01-23
    historical

    Show marketing remark (51 chars)

    BTO. Spectacular NEW plan by Genesis Homes of Iowa.

29. 2014-09-08
    listed $484,900
30. 2014-09-05
    historical
31. 2014-03-05
    listed $675,000

ⓘ 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: $9,508 · $792/mo
• Projected year-2 tax: $9,739 · $812/mo
• Expected delta: +$231/yr (+$19/mo · 2.4%)

ⓘ 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 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,231
• − Mortgage interest: −$35,570
• − Property taxes: −$9,508
• − Insurance: −$3,175
• − Repairs & maintenance: −$2,258
• − Management: −$2,258
• − Depreciation: −$18,473
• Taxable loss: −$43,012
• Est. tax savings @ 24.0%: +$10,323
• After-tax cash flow: $-20,018/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: Waukee Community School District
• NCES district ID: 1930510
• Math proficiency: 80% ▼ -6.00%
• Reading proficiency: 79% ▼ -5.00%
• Median HH income: $88,580
• Composite: 70.94/100
• National rank: #245
• State rank: #14 of 289 in IA

Livability — Urbandale

• Score: 90/100
• State rank: #4
• US rank: #69

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Urbandale, IA
• County: Polk County · 453,298 people
• City population: 49,196
• Metro: Des Moines-West Des Moines, IA
• Population (ZIP): 17,265
• Household income: $175,944
• Rent vs Own: 12.8% rent · 87.2% own
• Severe rent burden: 63.0

Population outlook (Dallas County) Hauer SSP2

• Today (2025): 111,904 people
• By 2030: 127,807 · +14.2%
• By 2040: 160,576 · +43.5%
• By 2050: 194,154 · +73.5%
• By 2075: 271,895 · +143.0%
• By 2100: 326,525 · +191.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Asian 6% Two or more races 4% Hispanic / Latino 3% Black 2%
• Common ancestry: Portuguese 6% Iranian 5% Lithuanian 2%
• Foreign-born: 7% · Canada, China, Philippines
• Languages at home: 92% English-only · Russian/Polish/Slavic 2% Chinese 1% Spanish 1%

Political lean MEDSL · Dallas

• 2024 margin: Toss-up / Even · D 46.9% · R 51.7% · Other 1.4%
• 2008→2024 swing: +0.8pp no change · 2008: -5.5pp · 2024: -4.8pp
• All cycles: 2024: R+4.8 2020: R+2.0 2016: R+9.6 2012: R+11.8 2008: R+5.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.81%
• Current HPI: 199.789
• Rent YoY: —
• Metro: Des Moines-West Des Moines, 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

-5.9% since first listed

14 events — show timeline

• 2026-06-02 Price Changed $635,000 DMMLS
• 2026-05-07 Listed $650,000 DMMLS
• 2020-06-11 Sold (Public Records) $440,000 Public Records
• 2020-05-22 Sold (MLS) $440,000 DMMLS
• 2020-04-14 Pending — DMMLS
• 2020-04-13 Price Changed $445,000 DMMLS
• 2020-01-22 Price Changed $455,000 DMMLS
• 2020-01-03 Listed $460,000 DMMLS
• 2015-06-12 Sold (MLS) $412,720 DMMLS
• 2015-01-23 Listing Removed — DMMLS
• 2015-01-23 Listed $469,900 DMMLS
• 2014-09-08 Listed $484,900 DMMLS
• 2014-09-05 Listing Removed — DMMLS
• 2014-03-05 Listed $675,000 DMMLS

Property tax history

+106.4%/yr

Latest (2025): $9,508 · +1.9% YoY. Source: county tax records.