1614 Jefferson Ave · Des Moines, IA 50314

$114,900

2 bd · 1.0 ba · 952 sqft · SingleFamily public records · 41 Days on market

Built 1895 6,950 sqft lot $121/sqft · 30% below area Est $165k · 30% 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).

• ARV discount +15.0/15.0
• Cash flow +11.0/30.0
• Appreciation +10.0/10.0
• Rent growth +4.5/5.0
• Livability +4.0/5.0
• Schools +3.8/10.0
• DSCR +3.2/10.0
• 1% rule +3.1/10.0
• Condition / age +2.5/5.0

Listing remarks

1614 Jefferson presents a fantastic opportunity for buyers seeking a beautifully updated home or a strong investment property in Des Moines. O, this property highlights the transformation potential from its original condition into a refreshed, modernized home with added value and appeal. Buyer may participate in the final selections if desired. Previously utilized as an investment property, the listing includes both current “as-is” photos and proposed/similar remodel images to help buyers visualize the possibilities and finished design. Whether you’re looking for a turnkey property, your next investment opportunity, or a home with updated style and functionality, this prop

Key facts

• 6,950 sq ft lot
• Garage
• Built 1895

Property features AI

Exterior

• Parking: Attached one-car garage
• Utilities: Public water; Public sewer
• Home design: One-story property; Metal siding exterior; Brick/mortar foundation; Asphalt shingle roof
• Construction: Metal siding construction; Built with brick/mortar foundation; Asphalt shingle roof
• Exterior features: Concrete road access; Lot dimensions approximately 50 x 139

Interior

• Bedrooms: Two main-level bedrooms
• Bathrooms: One full bathroom
• Heating & cooling: Central air conditioning; Forced air heating using natural gas
• Interior features: Single-story layout

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $-48 ($-581/yr) — negative.
• To cash-flow at today's rent, offer at most $106k (7.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $93k (18.9% below list).
• Recommended offer: $93k (18.9% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 3.1% in Des Moines — 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 81/100 on livability (#63 in IA, #1,432 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, schools D+, crime F.
• Des Moines Independent Community School District (urban): math 43% / reading 46% proficiency, ranked #289 of 289 in IA (top 100%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+8.2%/yr); 64 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,953 units permitted in Polk County in 2024 (540 in 5+ unit buildings).

Forward outlook

• In year one you build about $12k of equity ($794 loan paydown + $11k appreciation (10.0% local appreciation)).
• Polk County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 8.0% rent growth), your $32k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($111k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 20y ago; this cycle's ask has dropped $40k (26%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1895 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $93,161 (18.9% 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 41 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. Built in 1895 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 0.81% ✗
• Cap rate: 5.79%
• Cash-on-cash: -1.81%
• DSCR: 0.92
• GRM: 10.3

CMA / ARV

• ARV (median comp): $165,113
• List price: $114,900
• Delta: -30.41%
• 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
1821 Washington Ave	0.13mi	3/2.0 (+1)	977 (+3%)	1mo	$165,500	$169	80
2021 22nd St	0.40mi	2/1.0	952 (0%)	3mo	$150,000	$158	79
1457 17th St	0.31mi	3/1.0 (+1)	910 (-4%)	0mo	$161,195	$177	73
1412 Chautauqua Pkwy	0.16mi	2/2.0	1,038 (+9%)	2mo	$255,000	$246	72
1820 23rd St	0.45mi	2/2.0	992 (+4%)	3mo	$190,000	$192	66
2200 Clark St	0.49mi	2/1.0	1,030 (+8%)	0mo	$176,900	$172	64
1251 10th St	0.73mi	2/1.0	938 (-2%)	2mo	$61,000	$65	62
1527 Martin Luther King Jr Pkwy	0.30mi	2/1.0	1,086 (+14%)	2mo	$60,000	$55	61
2010 7th St	0.67mi	3/1.0 (+1)	918 (-4%)	2mo	$154,000	$168	57
1503 13th St	0.42mi	3/1.0 (+1)	1,070 (+12%)	1mo	$87,000	$81	54
1327 23rd St	0.67mi	2/2.0	1,042 (+10%)	2mo	$140,000	$134	48
1159 18th St	0.74mi	3/2.0 (+1)	1,029 (+8%)	1mo	$217,000	$211	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 24.6%
• Equity multiple: 3.00×
• Total profit: $64,423
• Equity at exit: $103,511

10-year hold

• IRR: 23.1%
• Equity multiple: 7.35×
• Total profit: $204,355
• Equity at exit: $223,225

Cash invested: $32,172 (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 50314

• Home prices YoY: 9.8%
• Rents YoY: 8.2%
• Active inventory: 64
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $932 high
• Mortgage (P&I): −$603
• Tax from tax record: −$134 /mo · $1,608/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$196
• Net cashflow: $-48

Break-even live

Break-even rent $993

Max offer price $106,341

Occupancy floor —

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1714 College Ave Des Moines, IA	3.0	1.0	1015	$1,050	$1.03	44d	1	0.17mi
1718 22nd St Des Moines, IA	2.0	1.0	840	$995	$1.18	14d	1	0.37mi
1914 10th St Des Moines, IA	2.0	1.0	740	$1,050	$1.42	44d	1	0.49mi
1914 10th St Des Moines, IA	2.0	1.0	740	$1,050	$1.42	23d	1	0.49mi
1313 21st St Unit 2 Des Moines, IA	1.0	1.0	600	$695	$1.16	14d	1	0.56mi
1313 21st St Unit 7 Des Moines, IA	1.0	1.0	600	$695	$1.16	44d	1	0.56mi
1621 9th St Unit 1621-15 Des Moines, IA	1.0	1.0	625	$743	$1.19	44d	1	0.57mi
1621 9th St Unit 1613-01 Des Moines, IA	1.0	1.0	717	$776	$1.08	44d	1	0.57mi
1438 9th St Des Moines, IA	2.0	1.0	700	$745	$1.06	21d	1	0.62mi
1314 22nd St Unit 1 Des Moines, IA	1.0	1.0	535	$725	$1.36	23d	1	0.64mi
1312 22nd St Des Moines, IA	2.0	1.0	841	$825	$0.98	44d	1	0.65mi
1312 22nd St Unit 2 Des Moines, IA	2.0	1.0	841	$850	$1.01	44d	1	0.65mi
1312 22nd St Unit 2 Des Moines, IA	2.0	1.0	841	$825	$0.98	23d	1	0.65mi
2501 24th St Unit 121 Des Moines, IA	3.0	2.0	950	$995	$1.05	23d	1	0.66mi
2413 24th St Unit 3 Des Moines, IA	2.0	1.0	600	$725	$1.21	44d	1	0.66mi
1501 University Ave Unit 4 Des Moines, IA	1.0	1.0	572	$595	$1.04	44d	1	0.66mi
1501 University Ave Unit 3 Des Moines, IA	1.0	1.0	572	$595	$1.04	23d	1	0.66mi
2501 24th St Unit 111 Des Moines, IA	2.0	1.0	750	$760	$1.01	23d	1	0.66mi
2501 24th St Des Moines, IA	2.0	1.0	910	$795	$0.87	23d	1	0.66mi
2501 24th St Apt 107 Des Moines, IA	3.0	2.0	950	$1,045	$1.10	14d	1	0.66mi
2501 24th St Unit 101 Des Moines, IA	2.0	1.0	750	$725	$0.97	23d	1	0.66mi
2501 24th St Unit 113 Des Moines, IA	2.0	1.0	750	$945	$1.26	44d	1	0.66mi
2110 26th St Apt 11 Des Moines, IA	2.0	1.0	628	$925	$1.47	19d	1	0.68mi
1171 21st St Unit 1 Des Moines, IA	2.0	1.0	1028	$1,150	$1.12	44d	1	0.73mi
1217 24th St Des Moines, IA	2.0	1.0–2.0	618	$1,400	$2.26	14d	4	0.79mi
1215 25th St Unit 1 Des Moines, IA	1.0	1.0	610	$1,200	$1.97	44d	1	0.84mi
1076 21st St Unit 4 Des Moines, IA	1.0	1.0	700	$695	$0.99	44d	1	0.89mi
1123 24th St Unit 1 Des Moines, IA	3.0	1.0	850	$1,185	$1.39	44d	1	0.91mi
2530 University Ave Des Moines, IA	2.0	1.0	647	$1,750	$2.70	14d	36	0.92mi
1100 24th St Des Moines, IA	2.0	1.0	748	$1,050	$1.40	14d	1	0.95mi
1100 24th St Unit DT 22 Des Moines, IA	2.0	1.0	737	$1,095	$1.49	44d	1	0.95mi
1101 25th St Unit DP 24 Des Moines, IA	1.0	1.0	623	$870	$1.40	44d	1	0.97mi
1101 25th St Unit DP 11 Des Moines, IA	2.0	2.0	850	$1,315	$1.55	44d	1	0.97mi
1101 25th St Apt 2 Des Moines, IA	1.0	1.0	631	$900	$1.43	44d	1	0.97mi
1101 25th St Des Moines, IA	1.0	1.0	561	$835	$1.49	14d	1	0.98mi
1108 25th St Apt 2 Des Moines, IA	1.0	1.0	750	$700	$0.93	44d	1	0.99mi
1118 26th St Unit 3 Des Moines, IA	1.0	1.0	750	$825	$1.10	44d	1	1.02mi
913 Day St Des Moines, IA	2.0	1.0	800	$900	$1.12	23d	1	1.05mi
1717 Olive Ave Unit B6 Des Moines, IA	2.0	2.0	1092	$1,700	$1.56	44d	1	1.06mi
933 18th St Des Moines, IA	1.0	1.0	550	$796	$1.45	23d	1	1.06mi

Listing history 20 events

1. 2026-06-18
   days on market $114,900 Active 41 DOM
2. 2026-06-17
   days on market $114,900 Active 40 DOM
3. 2026-06-16
   days on market $114,900 Active 39 DOM
4. 2026-06-15
   days on market $114,900 Active 38 DOM
5. 2026-06-14
   days on market $114,900 Active 36 DOM
6. 2026-06-13
   days on market $114,900 Active 35 DOM
7. 2026-06-10
   days on market $114,900 Active 33 DOM
8. 2026-06-09
   days on market $114,900 Active 32 DOM
9. 2026-06-08
   days on market $114,900 Active 31 DOM
10. 2026-06-07
    days on market $114,900 Active 30 DOM
11. 2026-06-05
    days on market $114,900 Active 27 DOM
12. 2026-06-03
    days on market $114,900 Active 26 DOM
13. 2026-06-02
    days on market $114,900 Active 25 DOM
14. 2026-06-01
    days on market $114,900 Active 24 DOM
15. 2026-05-31
    days on market $114,900 Active 23 DOM
16. 2026-05-31
    days on market $114,900 Active 22 DOM
17. 2026-05-08
    listed $155,000 Active 1016-char remark
18. 2023-02-02
    soldstatus $104,500
19. 2006-06-26
    soldstatus $41,000
20. 2006-04-21
    listed $39,900

ⓘ 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: $1,608 · $134/mo
• Projected year-2 tax: $1,706 · $142/mo
• Expected delta: +$98/yr (+$8/mo · 6.1%)

ⓘ 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,179
• − Mortgage interest: −$6,436
• − Property taxes: −$1,608
• − Insurance: −$574
• − Repairs & maintenance: −$894
• − Management: −$894
• − Depreciation: −$3,343
• Taxable loss: −$2,571
• Est. tax savings @ 24.0%: +$617
• After-tax cash flow: $36/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: Des Moines Independent Community School District
• NCES district ID: 1908970
• Math proficiency: 43% ▼ -6.00%
• Reading proficiency: 46% ▼ -1.00%
• Median HH income: $45,905
• Composite: 37.83/100
• National rank: #4331
• State rank: #289 of 289 in IA

Livability — Des Moines

• Score: 81/100
• State rank: #63
• US rank: #1432

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Des Moines, IA
• County: Polk County · 453,298 people
• City population: 203,612
• Metro: Des Moines-West Des Moines, IA
• Population (ZIP): 10,438
• Household income: $39,950
• Rent vs Own: 52.3% rent · 47.7% own
• Severe rent burden: 903.0

Population outlook (Polk County) Hauer SSP2

• Today (2025): 548,042 people
• By 2030: 588,557 · +7.4%
• By 2040: 670,629 · +22.4%
• By 2050: 752,830 · +37.4%
• By 2075: 955,069 · +74.3%
• By 2100: 1,115,436 · +103.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: Black 37% White 29% Hispanic / Latino 20% Asian 12% Two or more races 10%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Ukrainian 6% Iranian 2% Swiss 1%
• Foreign-born: 26% · Canada, Vietnam, Philippines
• Languages at home: 60% English-only · Spanish 16% Vietnamese 6% Other Asian/Pacific 4%

Political lean MEDSL · Polk

• 2024 margin: D (+10.9) · D 54.8% · R 43.9% · Other 1.3%
• 2008→2024 swing: -3.7pp toward R · 2008: 14.6pp · 2024: 10.9pp
• All cycles: 2024: D+10.9 2020: D+15.2 2016: D+11.5 2012: D+14.2 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 30.18%
• Current HPI: 338.8301
• Rent YoY: ▲ 8.17%
• 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

+188.0% since first listed

5 events — show timeline

• 2026-05-21 Price Changed $114,900 DMMLS
• 2026-05-08 Listed $155,000 DMMLS
• 2023-02-02 Sold (Public Records) $104,500 Public Records
• 2006-06-26 Sold (Public Records) $41,000 Public Records
• 2006-04-21 Listed $39,900 DMMLS

Property tax history

+2.8%/yr

Latest (2025): $1,608 · +25.0% YoY. Source: county tax records.