Bellhaven Plan · Urbandale, IA 50323

$359,990

4 bd · 2.5 ba · 2,053 sqft · SingleFamily · 508 Days on market

↓ 1% 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 +7.5/15.0
• Appreciation +7.4/10.0
• Schools +7.1/10.0
• Cash flow +5.5/30.0
• Livability +4.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Welcome home to the Bellhaven floor plan in the Highland Meadows community in Urbandale, IA. This two-story home offers 4 bedrooms, 2.5 bathrooms, a 2 car garage, and 2,053 sq. ft. of thoughtfully designed living space. Step inside to a versatile study/flex space off the foyer, perfect for a home office or playroom. The hallway leads past a guest bathroom and staircase to both the upper and lower levels, then opens into the heart of the home. The open-concept design connects the living room, dining area, and kitchen for an airy, functional feel. The living room features a cozy electric fireplace and large windows that fill the space with natural light. The dining area provides access to the back patio or deck through sliding glass doors, creating seamless indoor-outdoor living. The kitchen combines style and function with white cabinetry, stainless-steel appliances, white quartz countertops, a walk-in pantry, and a large island with built-in sink and dishwasher-ideal for meal prep, serving, or casual dining. Upstairs, the centrally located laundry room with shelving makes chores easy. Three secondary bedrooms share a full bathroom, while the oversized primary suite offers great community views, two walk-in closets, and an en-suite bathroom with dual sinks and a private water closet. Contact us today to learn more about the Bellhaven floor plan or schedule a tour in Highland Meadows.

Key facts

• Large windows
• Bellhaven floor plan
• Electric fireplace

Tags

• BELLHAVEN FLOOR PLAN
• HIGHLAND MEADOWS COMMUNITY
• STUDY FLEX SPACE
• OPEN CONCEPT FLOOR PLAN
• ELECTRIC FIREPLACE
• LARGE WINDOWS

🏗️ New construction. The $359,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $374,998.

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $360k.

Deal economics

• At list price, monthly cash flow is $-801 ($-10k/yr) — negative.
• To cash-flow at today's rent, offer at most $259k (28.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $227k (37.0% below list).
• Recommended offer: $227k (37.0% below list) — sets the bar for 1% rule.
• Cap rate 3.7% vs local median 2.4% in Urbandale — 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 90/100 on livability (#4 in IA, #69 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, amenities 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.
• Market conditions: 381 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 1,503 units permitted in Dallas County in 2024 (630 in 5+ unit buildings).
• This rent is only 15% 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 $21k of equity ($3k loan paydown + $18k 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 ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 508 days — a 12% lower offer ($317k) is reasonable based on typical stale-listing flexibility.

Recommended offer $226,616 (37.0% 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 508 days. Have you received any prior offers? Is the seller open to a 37% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 0.60% ✗
• Cap rate: 3.73%
• Cash-on-cash: -9.16%
• DSCR: 0.59
• GRM: 13.8

CMA / ARV

• ARV (median comp): $374,998
• List price: $359,990
• Delta: -4.00%
• 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
5114 168th St	0.03mi	4/3.0	2,053 (0%)	1mo	$358,990	$175	96
17511 N Valley Dr	0.45mi	5/3.5 (+1)	2,075 (+1%)	2mo	$961,352	$463	67
16624 Deerview Dr	0.31mi	5/3.0 (+1)	1,895 (-8%)	0mo	$650,000	$343	66
16616 Deerview Dr	0.33mi	4/3.0	1,812 (-12%)	0mo	$639,900	$353	63
16412 N Valley Dr	0.30mi	5/3.0 (+1)	1,869 (-9%)	1mo	$649,900	$348	63
17418 North Valley Dr	0.40mi	4/4.0	1,896 (-8%)	2mo	$699,900	$369	61
17151 Plum Dr	0.26mi	4/3.5	1,762 (-14%)	1mo	$479,500	$272	60
17519 North Valley Dr	0.22mi	5/4.0 (+1)	2,293 (+12%)	0mo	$1,005,000	$438	59
5023 160th St	0.72mi	5/3.5 (+1)	2,101 (+2%)	0mo	$1,570,948	$748	53
5348 162nd Ct	0.66mi	4/3.0	1,778 (-13%)	1mo	$488,000	$274	44
4664 177th St	0.73mi	4/3.0	1,800 (-12%)	2mo	$534,990	$297	42
4701 177th St	0.69mi	3/2.0 (-1)	1,800 (-12%)	1mo	$517,519	$288	40

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

Projected returns pro-forma

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

5-year hold

• IRR: 4.7%
• Equity multiple: 1.30×
• Total profit: $31,322
• Equity at exit: $208,133

10-year hold

• IRR: 7.3%
• Equity multiple: 2.34×
• Total profit: $140,932
• Equity at exit: $355,644

Cash invested: $104,999 (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: 13.2×

Monthly cashflow live

• Estimated rent: $2,266 high
• Mortgage (P&I): −$1,967
• Tax est. 1.5%: −$469 /mo · $5,625/yr
• Insurance: −$156
• HOA: −$0
• Vacancy / Maint / Mgmt: −$476
• Net cashflow: $-801

Break-even live

Break-even rent $3,280

Max offer price $259,054

Occupancy floor —

Sensitivity live

Price	-10% $-542	-5% $-672	+0% $-801	+5% $-931	+10% $-1,060
Rent	-10% $-980	-5% $-891	+0% $-801	+5% $-712	+10% $-622
Rate	-1.0pp $-612	-0.5pp $-706	base $-801	+0.5pp $-898	+1.0pp $-997

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: $93,749
• Closing costs: $11,250
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4743 170th Pl Waukee, IA	3.0	2.5	1511	$2,050	$1.36	15d	1	0.36mi
4736 167th St Urbandale, IA	3.0	2.5	1585	$2,296	$1.45	15d	1	0.55mi
4735 NW 167th St Waukee, IA	3.0	3.0	1557	$2,300	$1.48	44d	1	0.55mi
16605 Oakwood Dr Urbandale, IA	3.0	2.5	1572	$2,350	$1.49	44d	1	0.64mi
16008 Springbrook Trl Urbandale, IA	5.0	3.0	1670	$2,900	$1.74	44d	1	0.64mi
5437 155th St Urbandale, IA	3.0–4.0	2.5	1590	$2,096	$1.32	15d	8	1.08mi
5440 154th Ct Urbandale, IA	4.0	3.5	2367	$2,200	$0.93	20d	1	1.16mi
15133 Foxglove Ln Urbandale, IA	3.0	2.5	1529	$2,350	$1.54	15d	1	1.27mi
15118 Deerview Dr Urbandale, IA	3.0	2.5	1600	$2,195	$1.37	44d	1	1.31mi
4307 154th St Urbandale, IA	3.0	2.5	1445	$1,850	$1.28	24d	1	1.33mi

Listing history 24 events

1. 2026-06-21
   days on market $359,990 Active 508 DOM
2. 2026-06-18
   days on market $359,990 Active 505 DOM
3. 2026-06-17
   days on market $359,990 Active 504 DOM
4. 2026-06-16
   days on market $359,990 Active 503 DOM
5. 2026-06-15
   days on market $359,990 Active 502 DOM
6. 2026-06-14
   days on market $359,990 Active 500 DOM
7. 2026-06-13
   days on market $359,990 Active 499 DOM
8. 2026-06-10
   days on market $359,990 Active 497 DOM
9. 2026-06-09
   days on market $359,990 Active 496 DOM
10. 2026-06-08
    days on market $359,990 Active 495 DOM
11. 2026-06-07
    days on market $359,990 Active 494 DOM
12. 2026-06-05
    days on market $359,990 Active 491 DOM
13. 2026-06-03
    days on market $359,990 Active 490 DOM
14. 2026-06-02
    days on market $359,990 Active 489 DOM
15. 2026-06-01
    days on market $359,990 Active 488 DOM
16. 2026-05-31
    days on market $359,990 Active 487 DOM
17. 2026-05-31
    days on market $359,990 Active 486 DOM
18. 2026-04-08
    price $359,990 1405-char remark

    Show marketing remark (1405 chars)

    Welcome home to the Bellhaven floor plan in the Highland Meadows community in Urbandale, IA. This two-story home offers 4 bedrooms, 2.5 bathrooms, a 2 car garage, and 2,053 sq. ft. of thoughtfully designed living space. Step inside to a versatile study/flex space off the foyer, perfect for a home office or playroom. The hallway leads past a guest bathroom and staircase to both the upper and lower levels, then opens into the heart of the home. The open-concept design connects the living room, dining area, and kitchen for an airy, functional feel. The living room features a cozy electric fireplace and large windows that fill the space with natural light. The dining area provides access to the back patio or deck through sliding glass doors, creating seamless indoor-outdoor living. The kitchen combines style and function with white cabinetry, stainless-steel appliances, white quartz countertops, a walk-in pantry, and a large island with built-in sink and dishwasher-ideal for meal prep, serving, or casual dining. Upstairs, the centrally located laundry room with shelving makes chores easy. Three secondary bedrooms share a full bathroom, while the oversized primary suite offers great community views, two walk-in closets, and an en-suite bathroom with dual sinks and a private water closet. Contact us today to learn more about the Bellhaven floor plan or schedule a tour in Highland Meadows.

19. 2026-01-16
    price $354,990 1405-char remark

    Show marketing remark (1405 chars)

    Welcome home to the Bellhaven floor plan in the Highland Meadows community in Urbandale, IA. This two-story home offers 4 bedrooms, 2.5 bathrooms, a 2 car garage, and 2,053 sq. ft. of thoughtfully designed living space. Step inside to a versatile study/flex space off the foyer, perfect for a home office or playroom. The hallway leads past a guest bathroom and staircase to both the upper and lower levels, then opens into the heart of the home. The open-concept design connects the living room, dining area, and kitchen for an airy, functional feel. The living room features a cozy electric fireplace and large windows that fill the space with natural light. The dining area provides access to the back patio or deck through sliding glass doors, creating seamless indoor-outdoor living. The kitchen combines style and function with white cabinetry, stainless-steel appliances, white quartz countertops, a walk-in pantry, and a large island with built-in sink and dishwasher-ideal for meal prep, serving, or casual dining. Upstairs, the centrally located laundry room with shelving makes chores easy. Three secondary bedrooms share a full bathroom, while the oversized primary suite offers great community views, two walk-in closets, and an en-suite bathroom with dual sinks and a private water closet. Contact us today to learn more about the Bellhaven floor plan or schedule a tour in Highland Meadows.

20. 2025-11-08
    price $361,990 1405-char remark

    Show marketing remark (1405 chars)

    Welcome home to the Bellhaven floor plan in the Highland Meadows community in Urbandale, IA. This two-story home offers 4 bedrooms, 2.5 bathrooms, a 2 car garage, and 2,053 sq. ft. of thoughtfully designed living space. Step inside to a versatile study/flex space off the foyer, perfect for a home office or playroom. The hallway leads past a guest bathroom and staircase to both the upper and lower levels, then opens into the heart of the home. The open-concept design connects the living room, dining area, and kitchen for an airy, functional feel. The living room features a cozy electric fireplace and large windows that fill the space with natural light. The dining area provides access to the back patio or deck through sliding glass doors, creating seamless indoor-outdoor living. The kitchen combines style and function with white cabinetry, stainless-steel appliances, white quartz countertops, a walk-in pantry, and a large island with built-in sink and dishwasher-ideal for meal prep, serving, or casual dining. Upstairs, the centrally located laundry room with shelving makes chores easy. Three secondary bedrooms share a full bathroom, while the oversized primary suite offers great community views, two walk-in closets, and an en-suite bathroom with dual sinks and a private water closet. Contact us today to learn more about the Bellhaven floor plan or schedule a tour in Highland Meadows.

21. 2025-11-06
    price $354,990 1405-char remark

    Show marketing remark (1405 chars)

    Welcome home to the Bellhaven floor plan in the Highland Meadows community in Urbandale, IA. This two-story home offers 4 bedrooms, 2.5 bathrooms, a 2 car garage, and 2,053 sq. ft. of thoughtfully designed living space. Step inside to a versatile study/flex space off the foyer, perfect for a home office or playroom. The hallway leads past a guest bathroom and staircase to both the upper and lower levels, then opens into the heart of the home. The open-concept design connects the living room, dining area, and kitchen for an airy, functional feel. The living room features a cozy electric fireplace and large windows that fill the space with natural light. The dining area provides access to the back patio or deck through sliding glass doors, creating seamless indoor-outdoor living. The kitchen combines style and function with white cabinetry, stainless-steel appliances, white quartz countertops, a walk-in pantry, and a large island with built-in sink and dishwasher-ideal for meal prep, serving, or casual dining. Upstairs, the centrally located laundry room with shelving makes chores easy. Three secondary bedrooms share a full bathroom, while the oversized primary suite offers great community views, two walk-in closets, and an en-suite bathroom with dual sinks and a private water closet. Contact us today to learn more about the Bellhaven floor plan or schedule a tour in Highland Meadows.

22. 2025-10-31
    price $364,990 1405-char remark

    Show marketing remark (1405 chars)

    Welcome home to the Bellhaven floor plan in the Highland Meadows community in Urbandale, IA. This two-story home offers 4 bedrooms, 2.5 bathrooms, a 2 car garage, and 2,053 sq. ft. of thoughtfully designed living space. Step inside to a versatile study/flex space off the foyer, perfect for a home office or playroom. The hallway leads past a guest bathroom and staircase to both the upper and lower levels, then opens into the heart of the home. The open-concept design connects the living room, dining area, and kitchen for an airy, functional feel. The living room features a cozy electric fireplace and large windows that fill the space with natural light. The dining area provides access to the back patio or deck through sliding glass doors, creating seamless indoor-outdoor living. The kitchen combines style and function with white cabinetry, stainless-steel appliances, white quartz countertops, a walk-in pantry, and a large island with built-in sink and dishwasher-ideal for meal prep, serving, or casual dining. Upstairs, the centrally located laundry room with shelving makes chores easy. Three secondary bedrooms share a full bathroom, while the oversized primary suite offers great community views, two walk-in closets, and an en-suite bathroom with dual sinks and a private water closet. Contact us today to learn more about the Bellhaven floor plan or schedule a tour in Highland Meadows.

23. 2025-07-03
    price $374,990 1405-char remark

    Show marketing remark (1405 chars)

    Welcome home to the Bellhaven floor plan in the Highland Meadows community in Urbandale, IA. This two-story home offers 4 bedrooms, 2.5 bathrooms, a 2 car garage, and 2,053 sq. ft. of thoughtfully designed living space. Step inside to a versatile study/flex space off the foyer, perfect for a home office or playroom. The hallway leads past a guest bathroom and staircase to both the upper and lower levels, then opens into the heart of the home. The open-concept design connects the living room, dining area, and kitchen for an airy, functional feel. The living room features a cozy electric fireplace and large windows that fill the space with natural light. The dining area provides access to the back patio or deck through sliding glass doors, creating seamless indoor-outdoor living. The kitchen combines style and function with white cabinetry, stainless-steel appliances, white quartz countertops, a walk-in pantry, and a large island with built-in sink and dishwasher-ideal for meal prep, serving, or casual dining. Upstairs, the centrally located laundry room with shelving makes chores easy. Three secondary bedrooms share a full bathroom, while the oversized primary suite offers great community views, two walk-in closets, and an en-suite bathroom with dual sinks and a private water closet. Contact us today to learn more about the Bellhaven floor plan or schedule a tour in Highland Meadows.

24. 2025-01-29
    listed $364,990 Active 1405-char remark

    Show marketing remark (1405 chars)

    Welcome home to the Bellhaven floor plan in the Highland Meadows community in Urbandale, IA. This two-story home offers 4 bedrooms, 2.5 bathrooms, a 2 car garage, and 2,053 sq. ft. of thoughtfully designed living space. Step inside to a versatile study/flex space off the foyer, perfect for a home office or playroom. The hallway leads past a guest bathroom and staircase to both the upper and lower levels, then opens into the heart of the home. The open-concept design connects the living room, dining area, and kitchen for an airy, functional feel. The living room features a cozy electric fireplace and large windows that fill the space with natural light. The dining area provides access to the back patio or deck through sliding glass doors, creating seamless indoor-outdoor living. The kitchen combines style and function with white cabinetry, stainless-steel appliances, white quartz countertops, a walk-in pantry, and a large island with built-in sink and dishwasher-ideal for meal prep, serving, or casual dining. Upstairs, the centrally located laundry room with shelving makes chores easy. Three secondary bedrooms share a full bathroom, while the oversized primary suite offers great community views, two walk-in closets, and an en-suite bathroom with dual sinks and a private water closet. Contact us today to learn more about the Bellhaven floor plan or schedule a tour in Highland Meadows.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $27,194
• − Mortgage interest: −$21,006
• − Property taxes: −$5,625
• − Insurance: −$1,875
• − Repairs & maintenance: −$2,176
• − Management: −$2,176
• − Depreciation: −$10,909
• Taxable loss: −$16,572
• Est. tax savings @ 24.0%: +$3,977
• After-tax cash flow: $-5,638/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

-1.4% since first listed

7 events — show timeline

• 2026-04-08 Price Changed $359,990 Zillow
• 2026-01-16 Price Changed $354,990 Zillow
• 2025-11-08 Price Changed $361,990 Zillow
• 2025-11-06 Price Changed $354,990 Zillow
• 2025-10-31 Price Changed $364,990 Zillow
• 2025-07-03 Price Changed $374,990 Zillow
• 2025-01-29 Listed $364,990 Zillow