1057 Maywood Ln · Waukee, IA 50263

$255,000

3 bd · 2.5 ba · 1,601 sqft · Other public records · 129 Days on market

Built 2022 1,482 sqft lot $159/sqft · 13% below area Est $292k · 13% under $195/mo HOA · 10% of rent

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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 +13.2/15.0
• Schools +7.1/10.0
• Cash flow +6.8/30.0
• Livability +4.2/5.0
• Rent growth +3.0/5.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• DSCR +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 1057 Maywood Lane in Waukee! This inviting "end-unit townhome" offers 3 bedrooms, 2.5 baths, and 1,601 sq ft of comfortable living with Smart-Home features. The open main level is filled with natural light and features a spacious living area w/ large kit island and a dining area. Sliders leading to a patio and expansive "Green Space" perfect for relaxing or entertaining. Upstairs, you’ll find a generous primary suite with private bath and walk-in closet, plus two additional bedrooms, a full bath, and convenient second-floor laundry. 2-car garage with epoxy flooring and extra storage adds even more value. All appliances stay! The area is near schools and parks along with fast access to major roads leading to DM or other surrounding Cities. Very accessible to any direction within minutes.

Key facts

• End unit
• Large patio
• Dining area

Tags

• END UNIT
• LARGE PATIO
• OPEN KITCHEN
• ISLAND FOR CASUAL MEALS
• DINING AREA
• NATURAL LIGHT

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath other listed at $255k.

Deal economics

• At list price, monthly cash flow is $-402 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $184k (27.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $202k (20.8% below list).
• Recommended offer: $184k (27.9% below list) — sets the bar for cash-flow.
• Cap rate 4.4% vs local median 3.0% in Waukee — 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 84/100 on livability (#22 in IA, #682 nationally) — a professional / high-income tenant draw. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, 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: Waukee Elementary School (math 86% / reading 77%, grade A+, #60 of 616 statewide, top 10%, 682 students, 20% 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).
• Market conditions: Rents rising (+1.8%/yr); 891 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,503 units permitted in Dallas County in 2024 (630 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Dallas County population projected at +74% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 129 days — a 12% lower offer ($224k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y 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 $183,963 (27.9% 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 129 days. Have you received any prior offers? Is the seller open to a 28% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.79% ✗
• Cap rate: 4.40%
• Cash-on-cash: -6.76%
• DSCR: 0.70
• GRM: 10.5

CMA / ARV

• ARV (median comp): $291,743
• List price: $255,000
• Delta: -12.59%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.82% rent growth · sell at horizon

5-year hold

• IRR: -29.4%
• Equity multiple: 0.03×
• Total profit: $-69,127
• Equity at exit: $38,021

10-year hold

• IRR: -36.4%
• Equity multiple: -0.43×
• Total profit: $-101,957
• Equity at exit: $22,048

Cash invested: $71,400 (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 50263

• Rents YoY: 1.8%
• Active inventory: 891
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $2,019 high
• Mortgage (P&I): −$1,337
• Tax from tax record: −$358 /mo · $4,302/yr
• Insurance: −$106
• HOA: −$195
• Vacancy / Maint / Mgmt: −$424
• Net cashflow: $-402

Break-even live

Break-even rent $2,528

Max offer price $183,963

Occupancy floor —

Sensitivity live

Price	-10% $-258	-5% $-330	+0% $-402	+5% $-474	+10% $-546
Rent	-10% $-562	-5% $-482	+0% $-402	+5% $-322	+10% $-243
Rate	-1.0pp $-274	-0.5pp $-337	base $-402	+0.5pp $-468	+1.0pp $-535

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: $63,750
• Closing costs: $7,650
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
940 10th St Waukee, IA	1.0–3.0	1.0–2.5	962	$1,795	$1.86	16d	79	0.24mi
1008 Maple St Waukee, IA	2.0	2.5	1524	$1,875	$1.23	16d	1	0.51mi
200 Corene Ave Waukee, IA	4.0	2.0	1410	$1,995	$1.41	21d	1	0.86mi
191 NW Lexington Dr Waukee, IA	1.0–2.0	1.0–2.0	911	$2,845	$3.12	16d	8	1.11mi
284 NW Caspian Ct Waukee, IA	4.0	2.5	1605	$2,195	$1.37	16d	1	1.12mi
350 NW 6th St Waukee, IA	1.0–3.0	1.0–3.5	1163	$2,308	$1.98	16d	20	1.17mi
395 NW Blackberry St Waukee, IA	2.0	2.0	1349	$1,989	$1.47	16d	3	1.20mi
1860 Brodie St Waukee, IA	4.0	2.5	1589	$2,475	$1.56	16d	1	1.21mi
175 NW Common Pl Waukee, IA	1.0–3.0	1.0–2.5	929	$1,775	$1.91	16d	10	1.23mi
289 NW Charlestown Ln Waukee, IA	4.0	2.5	1767	$2,200	$1.25	45d	1	1.24mi
1036 NW Richmond Rd Waukee, IA	3.0	2.5	1450	$1,750	$1.21	25d	1	1.24mi
207 SE Booth Ave Unit 207 Waukee, IA	3.0	3.0	2000	$2,250	$1.12	25d	1	1.43mi
1325 SE Centennial Pkwy Waukee, IA	2.0–3.0	2.0	1358	$2,561	$1.89	16d	9	1.47mi

HOA detail

• Monthly dues: $195 · $2,340/yr

Listing history 32 events

1. 2026-06-21
   days on market $255,000 Active 129 DOM
2. 2026-06-18
   days on market $255,000 Active 126 DOM
3. 2026-06-17
   days on market $255,000 Active 125 DOM
4. 2026-06-16
   days on market $255,000 Active 124 DOM
5. 2026-06-15
   days on market $255,000 Active 123 DOM
6. 2026-06-14
   days on market $255,000 Active 121 DOM
7. 2026-06-13
   days on market $255,000 Active 120 DOM
8. 2026-06-10
   days on market $255,000 Active 118 DOM
9. 2026-06-09
   days on market $255,000 Active 117 DOM
10. 2026-06-08
    days on market $255,000 Active 116 DOM
11. 2026-06-07
    remarks 697-char remark
12. 2026-06-07
    days on market $255,000 Active 115 DOM
13. 2026-06-05
    days on market $255,000 Active 112 DOM
14. 2026-06-03
    days on market $255,000 Active 111 DOM
15. 2026-06-02
    days on market $255,000 Active 110 DOM
16. 2026-06-01
    days on market $255,000 Active 109 DOM
17. 2026-05-31
    days on market $255,000 Active 108 DOM
18. 2026-05-31
    days on market $255,000 Active 107 DOM
19. 2026-05-11
    price $255,000 834-char remark

    Show marketing remark (834 chars)

    Welcome to 1057 Maywood Lane in Waukee! This inviting "end-unit townhome" offers 3 bedrooms, 2.5 baths, and 1,601 sq ft of comfortable living with Smart-Home features. The open main level is filled with natural light and features a spacious living area w/ large kit island and a dining area. Sliders leading to a patio and expansive "Green Space" perfect for relaxing or entertaining. Upstairs, you’ll find a generous primary suite with private bath and walk-in closet, plus two additional bedrooms, a full bath, and convenient second-floor laundry. 2-car garage with epoxy flooring and extra storage adds even more value. All appliances stay! The area is near schools and parks along with fast access to major roads leading to DM or other surrounding Cities. Very accessible to any direction within minutes.

20. 2026-04-25
    price $257,500 834-char remark

    Show marketing remark (834 chars)

    Welcome to 1057 Maywood Lane in Waukee! This inviting "end-unit townhome" offers 3 bedrooms, 2.5 baths, and 1,601 sq ft of comfortable living with Smart-Home features. The open main level is filled with natural light and features a spacious living area w/ large kit island and a dining area. Sliders leading to a patio and expansive "Green Space" perfect for relaxing or entertaining. Upstairs, you’ll find a generous primary suite with private bath and walk-in closet, plus two additional bedrooms, a full bath, and convenient second-floor laundry. 2-car garage with epoxy flooring and extra storage adds even more value. All appliances stay! The area is near schools and parks along with fast access to major roads leading to DM or other surrounding Cities. Very accessible to any direction within minutes.

21. 2026-03-17
    price $259,900 834-char remark

    Show marketing remark (834 chars)

    Welcome to 1057 Maywood Lane in Waukee! This inviting "end-unit townhome" offers 3 bedrooms, 2.5 baths, and 1,601 sq ft of comfortable living with Smart-Home features. The open main level is filled with natural light and features a spacious living area w/ large kit island and a dining area. Sliders leading to a patio and expansive "Green Space" perfect for relaxing or entertaining. Upstairs, you’ll find a generous primary suite with private bath and walk-in closet, plus two additional bedrooms, a full bath, and convenient second-floor laundry. 2-car garage with epoxy flooring and extra storage adds even more value. All appliances stay! The area is near schools and parks along with fast access to major roads leading to DM or other surrounding Cities. Very accessible to any direction within minutes.

22. 2026-03-07
    price $262,000 834-char remark

    Show marketing remark (834 chars)

    Welcome to 1057 Maywood Lane in Waukee! This inviting "end-unit townhome" offers 3 bedrooms, 2.5 baths, and 1,601 sq ft of comfortable living with Smart-Home features. The open main level is filled with natural light and features a spacious living area w/ large kit island and a dining area. Sliders leading to a patio and expansive "Green Space" perfect for relaxing or entertaining. Upstairs, you’ll find a generous primary suite with private bath and walk-in closet, plus two additional bedrooms, a full bath, and convenient second-floor laundry. 2-car garage with epoxy flooring and extra storage adds even more value. All appliances stay! The area is near schools and parks along with fast access to major roads leading to DM or other surrounding Cities. Very accessible to any direction within minutes.

23. 2026-02-12
    listed $265,000 Active 834-char remark

    Show marketing remark (834 chars)

    Welcome to 1057 Maywood Lane in Waukee! This inviting "end-unit townhome" offers 3 bedrooms, 2.5 baths, and 1,601 sq ft of comfortable living with Smart-Home features. The open main level is filled with natural light and features a spacious living area w/ large kit island and a dining area. Sliders leading to a patio and expansive "Green Space" perfect for relaxing or entertaining. Upstairs, you’ll find a generous primary suite with private bath and walk-in closet, plus two additional bedrooms, a full bath, and convenient second-floor laundry. 2-car garage with epoxy flooring and extra storage adds even more value. All appliances stay! The area is near schools and parks along with fast access to major roads leading to DM or other surrounding Cities. Very accessible to any direction within minutes.

24. 2025-07-14
    soldstatus $267,000
25. 2025-06-27
    soldstatus $267,000 Closed 895-char remark

    Show marketing remark (895 chars)

    Enjoy turnkey living in this beautifully FURNISHED two-story end-unit townhome, ideally located in one of Waukee's fastest-growing communities! Offering 3 bedrooms, 2.5 bathrooms, and a 2-car garage with an epoxied floor and overhead storage, this better-than-new home blends style, comfort, and convenience. The open main level is filled with natural light and features a fireplace, private patio, and a modern kitchen with a large island, pantry, and spacious dining area. Step outside to enjoy peaceful views of the pond to the west! Upstairs, the oversized primary suite includes a double vanity, walk-in shower, and large closet. Two more bedrooms, a full bath, and a walk-in laundry room round out the second floor. Additional perks include guest parking right next door, energy-efficient features, and low HOA dues. All appliances and furnishings stay. Move in and start living with ease!

26. 2025-05-26
    status Pending 895-char remark

    Show marketing remark (895 chars)

    Enjoy turnkey living in this beautifully FURNISHED two-story end-unit townhome, ideally located in one of Waukee's fastest-growing communities! Offering 3 bedrooms, 2.5 bathrooms, and a 2-car garage with an epoxied floor and overhead storage, this better-than-new home blends style, comfort, and convenience. The open main level is filled with natural light and features a fireplace, private patio, and a modern kitchen with a large island, pantry, and spacious dining area. Step outside to enjoy peaceful views of the pond to the west! Upstairs, the oversized primary suite includes a double vanity, walk-in shower, and large closet. Two more bedrooms, a full bath, and a walk-in laundry room round out the second floor. Additional perks include guest parking right next door, energy-efficient features, and low HOA dues. All appliances and furnishings stay. Move in and start living with ease!

27. 2025-05-08
    listed $269,990 Active 895-char remark

    Show marketing remark (895 chars)

    Enjoy turnkey living in this beautifully FURNISHED two-story end-unit townhome, ideally located in one of Waukee's fastest-growing communities! Offering 3 bedrooms, 2.5 bathrooms, and a 2-car garage with an epoxied floor and overhead storage, this better-than-new home blends style, comfort, and convenience. The open main level is filled with natural light and features a fireplace, private patio, and a modern kitchen with a large island, pantry, and spacious dining area. Step outside to enjoy peaceful views of the pond to the west! Upstairs, the oversized primary suite includes a double vanity, walk-in shower, and large closet. Two more bedrooms, a full bath, and a walk-in laundry room round out the second floor. Additional perks include guest parking right next door, energy-efficient features, and low HOA dues. All appliances and furnishings stay. Move in and start living with ease!

28. 2022-11-07
    soldstatus $273,990 Closed
29. 2022-09-30
    status Pending
30. 2022-09-12
    price $274,990
31. 2022-06-28
    listed $293,990 Active
32. 2021-10-18
    soldstatus $997,000

ⓘ 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: $4,302 · $358/mo
• Projected year-2 tax: $4,302 · $358/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 1/10 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: $24,226
• − Mortgage interest: −$14,284
• − Property taxes: −$4,302
• − Insurance: −$1,275
• − Repairs & maintenance: −$1,938
• − Management: −$1,938
• − HOA: −$2,340
• − Depreciation: −$7,418
• Taxable loss: −$9,269
• Est. tax savings @ 24.0%: +$2,225
• After-tax cash flow: $-2,601/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 — Waukee

• Score: 84/100
• State rank: #22
• US rank: #682

Category grades

Amenities F 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: Waukee, IA
• County: Dallas County · 77,082 people
• City population: 29,611
• Metro: Des Moines-West Des Moines, IA
• Population (ZIP): 29,611
• Household income: $102,762
• Rent vs Own: 33.0% rent · 67.0% own
• Severe rent burden: 468.0

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 (77%)
• Race & ethnicity: White 77% Two or more races 7% Asian 6% Hispanic / Latino 6% Black 4%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Portuguese 3% Lithuanian 3% Iranian 3%
• Foreign-born: 13% · Canada, India
• Languages at home: 85% English-only · Other Asian/Pacific 3% Spanish 3% Arabic 2%

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: ▼ -97.95%
• Current HPI: 169.2421
• Rent YoY: ▲ 1.82%
• 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

-74.4% since first listed

14 events — show timeline

• 2026-05-11 Price Changed $255,000 DMMLS
• 2026-04-25 Price Changed $257,500 DMMLS
• 2026-03-17 Price Changed $259,900 DMMLS
• 2026-03-07 Price Changed $262,000 DMMLS
• 2026-02-12 Listed $265,000 DMMLS
• 2025-07-14 Sold (Public Records) $267,000 Public Records
• 2025-06-27 Sold (MLS) $267,000 DMMLS
• 2025-05-26 Pending — DMMLS
• 2025-05-08 Listed $269,990 DMMLS
• 2022-11-07 Sold (MLS) $273,990 DMMLS
• 2022-09-30 Pending — DMMLS
• 2022-09-12 Price Changed $274,990 DMMLS
• 2022-06-28 Listed $293,990 DMMLS
• 2021-10-18 Sold (Public Records) $997,000 Public Records

Property tax history

+795.0%/yr

Latest (2025): $4,302 · -2.8% YoY. Source: county tax records.