7307 SW 13th St · Des Moines, IA 50315

$185,000

4 bd · 1.0 ba · 1,212 sqft · SingleFamily public records · 100 Days on market

Built 1954 10,230 sqft lot $153/sqft · 8% below area Est $202k · 8% under

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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).

• Cash flow +11.4/30.0
• ARV discount +11.2/15.0
• Livability +4.0/5.0
• Schools +3.8/10.0
• 1% rule +3.6/10.0
• Rent growth +3.4/5.0
• DSCR +3.3/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fun home. Walk into large FR and DR. Off to the back is a great sized kitchen with dining room attached. 2 roomy bdrms on the main floor and 2 more on 2nd. Attached garage

Key facts

• 0.23 acre lot
• Garage
• Built 1954

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $-63 ($-760/yr) — negative.
• To cash-flow at today's rent, offer at most $174k (6.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $159k (14.0% below list).
• Recommended offer: $159k (14.0% below list) — sets the bar for 1% rule.
• Cap rate 5.9% 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-, 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.
• Zoned schools: Morris Elementary School (math 43% / reading 41%, grade F, #563 of 616 statewide, top 93%, 444 students, 88% FRL); Mccombs Middle School (math 40% / reading 38%, grade F, #241 of 246 statewide, top 98%, 654 students, 84% FRL); Lincoln High School (math 43% / reading 58%, grade D+, #311 of 336 statewide, top 93%, 2,403 students, 76% FRL) — zoned schools average 82% FRL vs 63% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.5%/yr); 227 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 2,953 units permitted in Polk County in 2024 (540 in 5+ unit buildings).
• This rent runs 32% of the median local income ($61k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Polk County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 100 days — a 9% lower offer ($168k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 20y 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.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $159,107 (14.0% 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. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.86% ✗
• Cap rate: 5.88%
• Cash-on-cash: -1.47%
• DSCR: 0.93
• GRM: 9.7

CMA / ARV

• ARV (median comp): $201,530
• List price: $185,000
• Delta: -8.20%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7301 SW 16th St	0.21mi	4/1.0	1,236 (+2%)	2mo	$153,000	$124	86
7205 SW 13th St	0.07mi	4/2.0	1,260 (+4%)	8mo	$179,000	$142	80
7500 SW 12th St	0.10mi	3/1.0 (-1)	1,292 (+7%)	6mo	$204,000	$158	75
1313 Burnham Ave	0.38mi	3/1.0 (-1)	1,196 (-1%)	4mo	$230,000	$192	72
1115 Wade St	0.27mi	4/2.0	1,156 (-5%)	5mo	$242,000	$209	72
7407 SW 15th St	0.16mi	4/2.0	1,092 (-10%)	9mo	$210,000	$192	65
1324 Army Post Rd	0.59mi	3/1.0 (-1)	1,191 (-2%)	2mo	$200,000	$168	63
6905 SW 16th St	0.34mi	3/1.0 (-1)	1,349 (+11%)	3mo	$188,500	$140	58
1115 Rittenhouse St	0.37mi	3/1.0 (-1)	1,360 (+12%)	6mo	$185,900	$137	53
6504 SW 17th St	0.61mi	3/1.0 (-1)	1,116 (-8%)	1mo	$192,400	$172	53
1161 Bundy St	0.46mi	4/3.0	1,094 (-10%)	7mo	$250,000	$229	48
6205 SW 12th St	0.73mi	3/1.5 (-1)	1,120 (-8%)	4mo	$250,000	$223	43

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 · 3.48% rent growth · sell at horizon

5-year hold

• IRR: -18.1%
• Equity multiple: 0.36×
• Total profit: $-33,188
• Equity at exit: $27,584

10-year hold

• IRR: -9.4%
• Equity multiple: 0.41×
• Total profit: $-30,689
• Equity at exit: $15,995

Cash invested: $51,800 (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 50315

• Rents YoY: 3.5%
• Active inventory: 227
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,591 high
• Mortgage (P&I): −$970
• Tax from tax record: −$273 /mo · $3,276/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$334
• Net cashflow: $-63

Break-even live

Break-even rent $1,671

Max offer price $173,818

Occupancy floor 99%

Sensitivity live

Price	-10% $41	-5% $-11	+0% $-63	+5% $-116	+10% $-168
Rent	-10% $-189	-5% $-126	+0% $-63	+5% $0	+10% $62
Rate	-1.0pp $30	-0.5pp $-16	base $-63	+0.5pp $-111	+1.0pp $-160

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7440 Southview Dr Des Moines, IA	3.0	1.0	960	$1,525	$1.59	16d	1	0.16mi
7208 SW 16th St Des Moines, IA	4.0	1.0	1196	$1,450	$1.21	23d	1	0.21mi
1303 Burnham Ave Des Moines, IA	3.0	1.0	1272	$1,795	$1.41	21d	1	0.36mi
939 Kenyon Ave Des Moines, IA	3.0	1.5	950	$1,350	$1.42	46d	1	1.27mi
204 E Leland Ave Des Moines, IA	3.0	1.0	1040	$1,595	$1.53	16d	1	1.32mi

Listing history 34 events

1. 2026-06-21
   days on market $185,000 Active 100 DOM
2. 2026-06-18
   days on market $185,000 Active 97 DOM
3. 2026-06-17
   days on market $185,000 Active 96 DOM
4. 2026-06-16
   days on market $185,000 Active 95 DOM
5. 2026-06-15
   days on market $185,000 Active 94 DOM
6. 2026-06-14
   days on market $185,000 Active 92 DOM
7. 2026-06-13
   days on market $185,000 Active 91 DOM
8. 2026-06-10
   days on market $185,000 Active 89 DOM
9. 2026-06-09
   days on market $185,000 Active 88 DOM
10. 2026-06-08
    days on market $185,000 Active 87 DOM
11. 2026-06-07
    days on market $185,000 Active 86 DOM
12. 2026-06-05
    days on market $185,000 Active 83 DOM
13. 2026-06-03
    days on market $185,000 Active 82 DOM
14. 2026-06-02
    days on market $185,000 Active 81 DOM
15. 2026-06-01
    days on market $185,000 Active 80 DOM
16. 2026-05-31
    days on market $185,000 Active 79 DOM
17. 2026-05-31
    days on market $185,000 Active 78 DOM
18. 2026-03-13
    listed $185,000 Active 171-char remark

    Show marketing remark (171 chars)

    Fun home. Walk into large FR and DR. Off to the back is a great sized kitchen with dining room attached. 2 roomy bdrms on the main floor and 2 more on 2nd. Attached garage

19. 2025-10-02
    historical
20. 2025-01-17
    listed $206,000 Active
21. 2024-12-06
    historical
22. 2024-11-08
    price $182,500
23. 2024-07-25
    price $183,000
24. 2024-05-01
    listed $183,500 Active
25. 2022-06-30
    soldstatus $606,000
26. 2021-05-14
    soldstatus $128,500 Closed
27. 2021-03-31
    historical
28. 2021-03-31
    listed $128,500
29. 2010-03-15
    soldstatus $66,601
30. 2009-12-28
    listed $69,900
31. 2007-03-30
    soldstatus $120,000
32. 2006-11-09
    listed $117,500
33. 2006-08-11
    soldstatus $77,911
34. 2006-06-12
    listed $77,900

ⓘ 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: $3,276 · $273/mo
• Projected year-2 tax: $3,276 · $273/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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°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: $19,093
• − Mortgage interest: −$10,363
• − Property taxes: −$3,276
• − Insurance: −$925
• − Repairs & maintenance: −$1,527
• − Management: −$1,527
• − Depreciation: −$5,382
• Taxable loss: −$3,908
• Est. tax savings @ 24.0%: +$938
• After-tax cash flow: $178/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): 34,816
• Household income: $60,590
• Rent vs Own: 38.5% rent · 61.5% own
• Severe rent burden: 1072.0

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: Predominantly White (66%)
• Race & ethnicity: White 66% Hispanic / Latino 19% Two or more races 11% Black 9% Asian 2%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Iranian 2% Portuguese 2% Italian 2%
• Foreign-born: 10% · Canada, Philippines
• Languages at home: 83% English-only · Spanish 13% Other Asian/Pacific 1%

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: ▼ -259.03%
• Current HPI: 269.7231
• Rent YoY: ▲ 3.48%
• 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

+137.5% since first listed

17 events — show timeline

• 2026-03-13 Listed $185,000 DMMLS
• 2025-10-02 Listing Removed — DMMLS
• 2025-01-17 Listed $206,000 DMMLS
• 2024-12-06 Listing Removed — DMMLS
• 2024-11-08 Price Changed $182,500 DMMLS
• 2024-07-25 Price Changed $183,000 DMMLS
• 2024-05-01 Listed $183,500 DMMLS
• 2022-06-30 Sold (Public Records) $606,000 Public Records
• 2021-05-14 Sold (MLS) $128,500 DMMLS
• 2021-03-31 Listing Removed — DMMLS
• 2021-03-31 Listed $128,500 DMMLS
• 2010-03-15 Sold (MLS) $66,601 DMMLS
• 2009-12-28 Listed $69,900 DMMLS
• 2007-03-30 Sold (MLS) $120,000 DMMLS
• 2006-11-09 Listed $117,500 DMMLS
• 2006-08-11 Sold (MLS) $77,911 DMMLS
• 2006-06-12 Listed $77,900 DMMLS

Property tax history

+2.2%/yr

Latest (2025): $3,276 · +2.1% YoY. Source: county tax records.