4650 Hubbell Ave · Des Moines, IA 50317

$219,500

3 bd · 1.5 ba · 1,496 sqft · SingleFamily public records · 66 Days on market

Built 1924 0.48 ac lot $147/sqft · 29% below area Est $310k · 29% 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).

• ARV discount +15.0/15.0
• Cash flow +7.6/30.0
• Schools +6.4/10.0
• Livability +4.0/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• 1% rule +1.8/10.0
• DSCR +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this move-in ready 3-bedroom, 1.5-bath home with a 2-stall garage, perfectly situated on an almost half-acre lot in Des Moines! Step inside to a spacious foyer featuring a coat closet and open stairway. The inviting living room boasts a large picture window filling the space with natural light. Toward the back of the home, the dining area offers plenty of room for gatherings and everyday meals. The kitchen includes ample cabinet space, a pantry, and comes complete with refrigerator and stove. A conveniently located half bath sits just off the kitchen. The main level also features a bright and versatile bedroom—ideal for a guest room, home office, or additional living space. Upstairs, you’ll find two generously sized bedrooms along with a full bathroom. The basement provides abundant storage and laundry hookups, with plenty of room to create a home gym, workshop, or hobby space. House completely rewired in 2026. Refrigerator, Stove, Washer and Dryer all stay. Outside, enjoy the oversized backyard with endless possibilities—perfect for entertaining, gardening, play areas, or even adding a fire pit or fruit trees. The 2-stall garage offers additional room for storage or a workbench. Conveniently located just minutes from Altoona close to shopping, dining, entertainment, and close to Hwy 65 and I-80! Making commuting a breeze. Don’t miss your chance to own this 3 bedroom 1.5 bedroom 2 car garage just under a half acre lot in town! Schedule your showing today!

Key facts

• Large picture window
• Spacious foyer
• Ample cabinet space

Tags

• SPACIOUS FOYER
• LARGE PICTURE WINDOW
• AMPLE CABINET SPACE
• CONVENIENTLY LOCATED HALF BATH
• BRIGHT VERSATILE BEDROOM
• ABUNDANT STORAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $-261 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $173k (21.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $149k (31.9% below list).
• Recommended offer: $149k (31.9% below list) — sets the bar for 1% rule.
• Cap rate 4.9% 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-, schools D+, crime F.
• Southeast Polk Community School District (rural): math 73% / reading 73% proficiency, ranked #70 of 289 in IA (top 24%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: Rents rising (+2.3%/yr); 357 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 2,953 units permitted in Polk County in 2024 (540 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 $7k 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 66 days — a 6% lower offer ($206k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $26k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $149,461 (31.9% 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 66 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
3. Built in 1924 — 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: 0.68% ✗
• Cap rate: 4.86%
• Cash-on-cash: -5.11%
• DSCR: 0.77
• GRM: 12.2

CMA / ARV

• ARV (median comp): $310,384
• List price: $219,500
• Delta: -29.28%
• 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
4315 Grover Woods Ln	0.40mi	3/2.0	1,433 (-4%)	1mo	$290,000	$202	72
4316 Grover Woods Ln	0.39mi	3/2.0	1,433 (-4%)	2mo	$284,500	$199	71
4401 Honey Bee Rdg	0.41mi	3/2.5	1,538 (+3%)	1mo	$298,000	$194	71
4427 Honey Bee Rdg	0.35mi	3/2.5	1,562 (+4%)	2mo	$290,000	$186	71
4295 Grover Woods Ln	0.43mi	3/2.0	1,433 (-4%)	0mo	$319,900	$223	70
4304 Grover Woods Ln	0.40mi	3/2.5	1,538 (+3%)	3mo	$295,000	$192	70
4729 E Merced St	0.35mi	4/3.0 (+1)	1,491 (-0%)	4mo	$330,000	$221	69
4392 Honey Bee Rdg	0.44mi	3/2.5	1,538 (+3%)	2mo	$309,900	$201	69
4287 Grover Woods Ln	0.45mi	3/2.0	1,433 (-4%)	1mo	$310,000	$216	69
4685 E 46th St	0.21mi	3/2.0	1,312 (-12%)	4mo	$265,000	$202	65
4629 E Valdez Dr	0.39mi	4/3.0 (+1)	1,380 (-8%)	2mo	$337,000	$244	56
4397 Honey Bee Rdg	0.41mi	3/2.0	1,304 (-13%)	4mo	$322,000	$247	54

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 · 2.29% rent growth · sell at horizon

5-year hold

• IRR: -25.8%
• Equity multiple: 0.13×
• Total profit: $-53,305
• Equity at exit: $32,728

10-year hold

• IRR: -24.6%
• Equity multiple: -0.18×
• Total profit: $-72,244
• Equity at exit: $18,978

Cash invested: $61,460 (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 50317

• Rents YoY: 2.3%
• Active inventory: 357
• Price-to-rent: 12.2×

Monthly cashflow live

• Estimated rent: $1,495 high
• Mortgage (P&I): −$1,151
• Tax from tax record: −$200 /mo · $2,396/yr
• Insurance: −$91
• HOA: −$0
• Vacancy / Maint / Mgmt: −$314
• Net cashflow: $-261

Break-even live

Break-even rent $1,826

Max offer price $173,311

Occupancy floor —

Sensitivity live

Price	-10% $-137	-5% $-199	+0% $-261	+5% $-324	+10% $-386
Rent	-10% $-380	-5% $-321	+0% $-261	+5% $-202	+10% $-143
Rate	-1.0pp $-151	-0.5pp $-206	base $-261	+0.5pp $-318	+1.0pp $-376

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: $54,875
• Closing costs: $6,585
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4216 E 50th St Des Moines, IA	1.0–3.0	1.0–2.0	870	$1,415	$1.63	15d	17	0.47mi
1490 34th Ave SW Altoona, IA	1.0–3.0	1.0–2.0	996	$1,884	$1.89	15d	11	0.97mi
4014 Hubbell Ave Des Moines, IA	1.0–2.0	1.0	750	$1,200	$1.60	15d	13	1.05mi
1101 34th Ave SW Altoona, IA	3.0	2.0	1216	$1,299	$1.07	15d	1	1.16mi
1550 28th Ave SW Altoona, IA	3.0	1.0	1051	$1,400	$1.33	15d	1	1.29mi
1554 28th Ave SW Altoona, IA	3.0	1.0	1051	$1,400	$1.33	44d	1	1.30mi
2822 20th St SW Altoona, IA	3.0	2.0	1180	$2,095	$1.78	15d	1	1.41mi
3560 E Douglas Ave Des Moines, IA	1.0–3.0	1.0–2.0	870	$1,145	$1.32	15d	14	1.45mi
3722 Hubbell Ave Des Moines, IA	1.0–2.0	1.0–2.0	766	$975	$1.27	15d	2	1.49mi

Listing history 26 events

1. 2026-06-18
   days on market $219,500 Active 66 DOM
2. 2026-06-17
   days on market $219,500 Active 65 DOM
3. 2026-06-16
   days on market $219,500 Active 64 DOM
4. 2026-06-15
   pricedays on market $219,500 Active 63 DOM
5. 2026-06-14
   days on market $226,000 Active 61 DOM
6. 2026-06-10
   days on market $226,000 Active 58 DOM
7. 2026-06-09
   days on market $226,000 Active 57 DOM
8. 2026-06-08
   days on market $226,000 Active 56 DOM
9. 2026-06-07
   days on market $226,000 Active 55 DOM
10. 2026-06-03
    days on market $226,000 Active 51 DOM
11. 2026-06-02
    days on market $226,000 Active 50 DOM
12. 2026-06-01
    days on market $226,000 Active 49 DOM
13. 2026-05-31
    days on market $226,000 Active 48 DOM
14. 2026-05-31
    days on market $226,000 Active 47 DOM
15. 2026-05-04
    price $233,000 1514-char remark

    Show marketing remark (1514 chars)

    Welcome to this move-in ready 3-bedroom, 1.5-bath home with a 2-stall garage, perfectly situated on an almost half-acre lot in Des Moines! Step inside to a spacious foyer featuring a coat closet and open stairway. The inviting living room boasts a large picture window filling the space with natural light. Toward the back of the home, the dining area offers plenty of room for gatherings and everyday meals. The kitchen includes ample cabinet space, a pantry, and comes complete with refrigerator and stove. A conveniently located half bath sits just off the kitchen. The main level also features a bright and versatile bedroom—ideal for a guest room, home office, or additional living space. Upstairs, you’ll find two generously sized bedrooms along with a full bathroom. The basement provides abundant storage and laundry hookups, with plenty of room to create a home gym, workshop, or hobby space. House completely rewired in 2026. Refrigerator, Stove, Washer and Dryer all stay. Outside, enjoy the oversized backyard with endless possibilities—perfect for entertaining, gardening, play areas, or even adding a fire pit or fruit trees. The 2-stall garage offers additional room for storage or a workbench. Conveniently located just minutes from Altoona close to shopping, dining, entertainment, and close to Hwy 65 and I-80! Making commuting a breeze. Don’t miss your chance to own this 3 bedroom 1.5 bedroom 2 car garage just under a half acre lot in town! Schedule your showing today!

16. 2026-04-22
    price $239,500 1514-char remark

    Show marketing remark (1514 chars)

    Welcome to this move-in ready 3-bedroom, 1.5-bath home with a 2-stall garage, perfectly situated on an almost half-acre lot in Des Moines! Step inside to a spacious foyer featuring a coat closet and open stairway. The inviting living room boasts a large picture window filling the space with natural light. Toward the back of the home, the dining area offers plenty of room for gatherings and everyday meals. The kitchen includes ample cabinet space, a pantry, and comes complete with refrigerator and stove. A conveniently located half bath sits just off the kitchen. The main level also features a bright and versatile bedroom—ideal for a guest room, home office, or additional living space. Upstairs, you’ll find two generously sized bedrooms along with a full bathroom. The basement provides abundant storage and laundry hookups, with plenty of room to create a home gym, workshop, or hobby space. House completely rewired in 2026. Refrigerator, Stove, Washer and Dryer all stay. Outside, enjoy the oversized backyard with endless possibilities—perfect for entertaining, gardening, play areas, or even adding a fire pit or fruit trees. The 2-stall garage offers additional room for storage or a workbench. Conveniently located just minutes from Altoona close to shopping, dining, entertainment, and close to Hwy 65 and I-80! Making commuting a breeze. Don’t miss your chance to own this 3 bedroom 1.5 bedroom 2 car garage just under a half acre lot in town! Schedule your showing today!

17. 2026-04-13
    listed $245,500 Active 1514-char remark

    Show marketing remark (1514 chars)

    Welcome to this move-in ready 3-bedroom, 1.5-bath home with a 2-stall garage, perfectly situated on an almost half-acre lot in Des Moines! Step inside to a spacious foyer featuring a coat closet and open stairway. The inviting living room boasts a large picture window filling the space with natural light. Toward the back of the home, the dining area offers plenty of room for gatherings and everyday meals. The kitchen includes ample cabinet space, a pantry, and comes complete with refrigerator and stove. A conveniently located half bath sits just off the kitchen. The main level also features a bright and versatile bedroom—ideal for a guest room, home office, or additional living space. Upstairs, you’ll find two generously sized bedrooms along with a full bathroom. The basement provides abundant storage and laundry hookups, with plenty of room to create a home gym, workshop, or hobby space. House completely rewired in 2026. Refrigerator, Stove, Washer and Dryer all stay. Outside, enjoy the oversized backyard with endless possibilities—perfect for entertaining, gardening, play areas, or even adding a fire pit or fruit trees. The 2-stall garage offers additional room for storage or a workbench. Conveniently located just minutes from Altoona close to shopping, dining, entertainment, and close to Hwy 65 and I-80! Making commuting a breeze. Don’t miss your chance to own this 3 bedroom 1.5 bedroom 2 car garage just under a half acre lot in town! Schedule your showing today!

18. 2024-06-04
    soldstatus $215,000
19. 2024-05-31
    soldstatus $215,000 Closed 1439-char remark

    Show marketing remark (1439 chars)

    Move in ready 3 bedroom 1.5 bathroom 2 stall garage home with almost half acre lot for sale in Des Moines! Spacious foyer as you enter, with coat closet and stairway opening. Living room with huge picture window and fireplace, offering plenty of natural light in this spacious living room. Dining room towards the back, plenty of space to set up a dining table. Kitchen offers plenty of cabinet space, fridge and stove included, along with a pantry space too! Half bathroom conveniently located off the kitchen. One bedroom on the main level, bright and spacious with room to set up a reading and/or TV area. Upstairs you'll find two large bedrooms, along with the full bathroom. Basement offers plenty of storage space and laundry hookups. Make a home gym in this basement and you'll still have space for more storage! Outside you'll have a two stall garage with room to set up a work bench and/or storage, great to keep your vehicles protected from the elements! Huge backyard offers plenty of space to run around! Set up a play set, fire pit area, garden, or even a variety of fruit trees! Located minutes to Altoona's Walmart, Outlets of Des Moines, gas stations, eateries, parks, Adventureland, Prairie Meadows, Bass Pro Shop! Easy access to Hwy 65 and I-80 too! Come check out this move in ready 3 bedroom 1.5 bathroom 2 stall garage home sitting on almost half acre lot right in town! Call your favorite realtor for a showing today!

20. 2024-04-15
    status Pending 1439-char remark

    Show marketing remark (1439 chars)

    Move in ready 3 bedroom 1.5 bathroom 2 stall garage home with almost half acre lot for sale in Des Moines! Spacious foyer as you enter, with coat closet and stairway opening. Living room with huge picture window and fireplace, offering plenty of natural light in this spacious living room. Dining room towards the back, plenty of space to set up a dining table. Kitchen offers plenty of cabinet space, fridge and stove included, along with a pantry space too! Half bathroom conveniently located off the kitchen. One bedroom on the main level, bright and spacious with room to set up a reading and/or TV area. Upstairs you'll find two large bedrooms, along with the full bathroom. Basement offers plenty of storage space and laundry hookups. Make a home gym in this basement and you'll still have space for more storage! Outside you'll have a two stall garage with room to set up a work bench and/or storage, great to keep your vehicles protected from the elements! Huge backyard offers plenty of space to run around! Set up a play set, fire pit area, garden, or even a variety of fruit trees! Located minutes to Altoona's Walmart, Outlets of Des Moines, gas stations, eateries, parks, Adventureland, Prairie Meadows, Bass Pro Shop! Easy access to Hwy 65 and I-80 too! Come check out this move in ready 3 bedroom 1.5 bathroom 2 stall garage home sitting on almost half acre lot right in town! Call your favorite realtor for a showing today!

21. 2024-04-04
    price $219,900 1439-char remark

    Show marketing remark (1439 chars)

    Move in ready 3 bedroom 1.5 bathroom 2 stall garage home with almost half acre lot for sale in Des Moines! Spacious foyer as you enter, with coat closet and stairway opening. Living room with huge picture window and fireplace, offering plenty of natural light in this spacious living room. Dining room towards the back, plenty of space to set up a dining table. Kitchen offers plenty of cabinet space, fridge and stove included, along with a pantry space too! Half bathroom conveniently located off the kitchen. One bedroom on the main level, bright and spacious with room to set up a reading and/or TV area. Upstairs you'll find two large bedrooms, along with the full bathroom. Basement offers plenty of storage space and laundry hookups. Make a home gym in this basement and you'll still have space for more storage! Outside you'll have a two stall garage with room to set up a work bench and/or storage, great to keep your vehicles protected from the elements! Huge backyard offers plenty of space to run around! Set up a play set, fire pit area, garden, or even a variety of fruit trees! Located minutes to Altoona's Walmart, Outlets of Des Moines, gas stations, eateries, parks, Adventureland, Prairie Meadows, Bass Pro Shop! Easy access to Hwy 65 and I-80 too! Come check out this move in ready 3 bedroom 1.5 bathroom 2 stall garage home sitting on almost half acre lot right in town! Call your favorite realtor for a showing today!

22. 2024-04-01
    price $229,900 1439-char remark

    Show marketing remark (1439 chars)

    Move in ready 3 bedroom 1.5 bathroom 2 stall garage home with almost half acre lot for sale in Des Moines! Spacious foyer as you enter, with coat closet and stairway opening. Living room with huge picture window and fireplace, offering plenty of natural light in this spacious living room. Dining room towards the back, plenty of space to set up a dining table. Kitchen offers plenty of cabinet space, fridge and stove included, along with a pantry space too! Half bathroom conveniently located off the kitchen. One bedroom on the main level, bright and spacious with room to set up a reading and/or TV area. Upstairs you'll find two large bedrooms, along with the full bathroom. Basement offers plenty of storage space and laundry hookups. Make a home gym in this basement and you'll still have space for more storage! Outside you'll have a two stall garage with room to set up a work bench and/or storage, great to keep your vehicles protected from the elements! Huge backyard offers plenty of space to run around! Set up a play set, fire pit area, garden, or even a variety of fruit trees! Located minutes to Altoona's Walmart, Outlets of Des Moines, gas stations, eateries, parks, Adventureland, Prairie Meadows, Bass Pro Shop! Easy access to Hwy 65 and I-80 too! Come check out this move in ready 3 bedroom 1.5 bathroom 2 stall garage home sitting on almost half acre lot right in town! Call your favorite realtor for a showing today!

23. 2024-03-25
    price $239,900 1439-char remark

    Show marketing remark (1439 chars)

    Move in ready 3 bedroom 1.5 bathroom 2 stall garage home with almost half acre lot for sale in Des Moines! Spacious foyer as you enter, with coat closet and stairway opening. Living room with huge picture window and fireplace, offering plenty of natural light in this spacious living room. Dining room towards the back, plenty of space to set up a dining table. Kitchen offers plenty of cabinet space, fridge and stove included, along with a pantry space too! Half bathroom conveniently located off the kitchen. One bedroom on the main level, bright and spacious with room to set up a reading and/or TV area. Upstairs you'll find two large bedrooms, along with the full bathroom. Basement offers plenty of storage space and laundry hookups. Make a home gym in this basement and you'll still have space for more storage! Outside you'll have a two stall garage with room to set up a work bench and/or storage, great to keep your vehicles protected from the elements! Huge backyard offers plenty of space to run around! Set up a play set, fire pit area, garden, or even a variety of fruit trees! Located minutes to Altoona's Walmart, Outlets of Des Moines, gas stations, eateries, parks, Adventureland, Prairie Meadows, Bass Pro Shop! Easy access to Hwy 65 and I-80 too! Come check out this move in ready 3 bedroom 1.5 bathroom 2 stall garage home sitting on almost half acre lot right in town! Call your favorite realtor for a showing today!

24. 2024-03-20
    listed $249,900 Active 1439-char remark

    Show marketing remark (1439 chars)

    Move in ready 3 bedroom 1.5 bathroom 2 stall garage home with almost half acre lot for sale in Des Moines! Spacious foyer as you enter, with coat closet and stairway opening. Living room with huge picture window and fireplace, offering plenty of natural light in this spacious living room. Dining room towards the back, plenty of space to set up a dining table. Kitchen offers plenty of cabinet space, fridge and stove included, along with a pantry space too! Half bathroom conveniently located off the kitchen. One bedroom on the main level, bright and spacious with room to set up a reading and/or TV area. Upstairs you'll find two large bedrooms, along with the full bathroom. Basement offers plenty of storage space and laundry hookups. Make a home gym in this basement and you'll still have space for more storage! Outside you'll have a two stall garage with room to set up a work bench and/or storage, great to keep your vehicles protected from the elements! Huge backyard offers plenty of space to run around! Set up a play set, fire pit area, garden, or even a variety of fruit trees! Located minutes to Altoona's Walmart, Outlets of Des Moines, gas stations, eateries, parks, Adventureland, Prairie Meadows, Bass Pro Shop! Easy access to Hwy 65 and I-80 too! Come check out this move in ready 3 bedroom 1.5 bathroom 2 stall garage home sitting on almost half acre lot right in town! Call your favorite realtor for a showing today!

25. 2017-01-06
    soldstatus $70,500
26. 2011-09-09
    soldstatus $82,500

ⓘ 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: $2,396 · $200/mo
• Projected year-2 tax: $2,921 · $243/mo
• Expected delta: +$525/yr (+$44/mo · 21.9%)

ⓘ 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: $17,935
• − Mortgage interest: −$12,295
• − Property taxes: −$2,396
• − Insurance: −$1,098
• − Repairs & maintenance: −$1,435
• − Management: −$1,435
• − Depreciation: −$6,385
• Taxable loss: −$7,109
• Est. tax savings @ 24.0%: +$1,706
• After-tax cash flow: $-1,431/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: Southeast Polk Community School District
• NCES district ID: 1926820
• Math proficiency: 73% ▼ -8.00%
• Reading proficiency: 73% ▼ -3.00%
• Median HH income: $73,440
• Composite: 64.1/100
• National rank: #575
• State rank: #70 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): 36,548
• Household income: $65,617
• Rent vs Own: 27.5% rent · 72.5% own
• Severe rent burden: 716.0

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: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 19% Two or more races 10% Black 10% Asian 3%
• Hispanic origin (detail): Mexican 15% Puerto Rican 1%
• Common ancestry: Portuguese 3% Iranian 2% Swiss 1%
• Foreign-born: 12% · Canada
• Languages at home: 80% English-only · Spanish 13% Other Asian/Pacific 2%

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: ▼ -235.00%
• Current HPI: 281.7409
• Rent YoY: ▲ 2.29%
• 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

+182.4% since first listed

12 events — show timeline

• 2026-05-04 Price Changed $233,000 DMMLS
• 2026-04-22 Price Changed $239,500 DMMLS
• 2026-04-13 Listed $245,500 DMMLS
• 2024-06-04 Sold (Public Records) $215,000 Public Records
• 2024-05-31 Sold (MLS) $215,000 DMMLS
• 2024-04-15 Pending — DMMLS
• 2024-04-04 Price Changed $219,900 DMMLS
• 2024-04-01 Price Changed $229,900 DMMLS
• 2024-03-25 Price Changed $239,900 DMMLS
• 2024-03-20 Listed $249,900 DMMLS
• 2017-01-06 Sold (Public Records) $70,500 Public Records
• 2011-09-09 Sold (Public Records) $82,500 Public Records

Property tax history

+2.4%/yr

Latest (2025): $2,396 · +2.1% YoY. Source: county tax records.