3301 7th St · Des Moines, IA 50313

$134,900

2 bd · 1.0 ba · 960 sqft · SingleFamily public records · 31 Days on market

Built 1917 6,490 sqft lot Est $178k · 24% 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 +8.5/30.0
• Rent growth +5.0/5.0
• Livability +4.0/5.0
• Schools +3.8/10.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• 1% rule +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

24 hour sale

Key facts

• 6,490 sq ft lot
• Built 1917
• Listed 31 days

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Metal-sided construction; Asphalt shingle roof; Brick/mortar foundation
• Construction: Metal siding; Asphalt shingle roof; Brick/mortar foundation; 300 sq. ft. of below-grade finished area
• Exterior features: Concrete road access

Interior

• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced air heating (natural gas)
• Interior features: Finished and unfinished basement with egress windows

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $-117 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $114k (15.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $98k (27.6% below list).
• Recommended offer: $98k (27.6% below list) — sets the bar for 1% rule.
• Cap rate 5.2% 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: Oak Park (math 22% / reading 37%, grade F, #604 of 616 statewide, top 98%, 313 students, 88% FRL); Harding Middle School (math 31% / reading 30%, grade F, #245 of 246 statewide, top 100%, 655 students, 90% FRL); North High School (math 33% / reading 45%, grade F, #326 of 336 statewide, top 97%, 1,458 students, 87% FRL) — zoned schools average 88% FRL vs 63% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+13.1%/yr); 156 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 54% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,953 units permitted in Polk County in 2024 (540 in 5+ unit buildings).
• This rent is only 17% of the median local income ($68k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k 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 31 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 3 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 1917 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $97,670 (27.6% 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 31 days. Have you received any prior offers? Is the seller open to a 28% concession, seller financing, or rate buy-down credit?
3. Built in 1917 — 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. 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: 0.72% ✗
• Cap rate: 5.25%
• Cash-on-cash: -3.73%
• DSCR: 0.83
• GRM: 11.5

CMA / ARV

• ARV (on-the-fly): $177,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2915 4th St	0.29mi	3/1.0 (+1)	1,042 (+8%)	1mo	$161,500	$155	66
1126 Seneca Ave	0.56mi	2/1.0	918 (-4%)	1mo	$204,900	$223	66
2915 3rd St	0.34mi	3/1.0 (+1)	1,030 (+7%)	2mo	$173,000	$168	66
3633 Bowdoin St	0.74mi	2/1.0	960 (0%)	2mo	$75,300	$78	64
1300 Oak Park	0.52mi	2/1.0	892 (-7%)	0mo	$165,000	$185	64
1106 Douglas Ave	0.44mi	2/2.0	884 (-8%)	0mo	$226,685	$256	62
1125 Euclid Ave	0.42mi	2/2.0	880 (-8%)	1mo	$118,000	$134	62
3507 Bowdoin St	0.71mi	2/1.0	940 (-2%)	2mo	$168,000	$179	62
3809 11th St	0.44mi	3/1.5 (+1)	857 (-11%)	1mo	$239,900	$280	54
3308 Cambridge St	0.48mi	3/1.0 (+1)	816 (-15%)	1mo	$169,900	$208	47
1424 Douglas Ave	0.69mi	2/1.0	816 (-15%)	1mo	$77,000	$94	42
4030 8th Pl	0.64mi	3/1.5 (+1)	842 (-12%)	1mo	$171,000	$203	42

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -17.4%
• Equity multiple: 0.36×
• Total profit: $-24,186
• Equity at exit: $20,114

10-year hold

• IRR: -2.4%
• Equity multiple: 0.81×
• Total profit: $-7,242
• Equity at exit: $11,664

Cash invested: $37,772 (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 50313

• Rents YoY: 13.1%
• Active inventory: 156
• Price-to-rent: 11.5×

Monthly cashflow live

• Estimated rent: $977 high
• Mortgage (P&I): −$707
• Tax from tax record: −$125 /mo · $1,504/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$205
• Net cashflow: $-117

Break-even live

Break-even rent $1,125

Max offer price $114,165

Occupancy floor —

Sensitivity live

Price	-10% $-41	-5% $-79	+0% $-117	+5% $-156	+10% $-194
Rent	-10% $-195	-5% $-156	+0% $-117	+5% $-79	+10% $-40
Rate	-1.0pp $-49	-0.5pp $-83	base $-117	+0.5pp $-152	+1.0pp $-188

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3419 1st St Unit 2 Des Moines, IA	1.0	1.0	546	$650	$1.19	45d	1	0.41mi
3905 8th St Des Moines, IA	1.0	1.0	675	$895	$1.33	25d	1	0.46mi
3623 Cambridge St Des Moines, IA	2.0	1.0	732	$1,145	$1.56	20d	1	0.57mi
4124 3rd St Des Moines, IA	3.0	1.0	996	$1,595	$1.60	15d	1	0.79mi
3103 E 7th St Des Moines, IA	2.0	1.0	960	$1,200	$1.25	45d	1	0.87mi
1914 10th St Des Moines, IA	2.0	1.0	740	$1,050	$1.42	45d	1	0.94mi
1914 10th St Des Moines, IA	2.0	1.0	740	$1,050	$1.42	25d	1	0.94mi
1621 9th St Unit 1613-01 Des Moines, IA	1.0	1.0	717	$776	$1.08	45d	1	1.15mi
1621 9th St Unit 1621-15 Des Moines, IA	1.0	1.0	625	$743	$1.19	45d	1	1.15mi
1108 E Seneca Ave Apt 5 Des Moines, IA	1.0	1.0	680	$647	$0.95	25d	1	1.19mi
1108 E Seneca Ave Apt 1 Des Moines, IA	1.0	1.0	680	$647	$0.95	45d	1	1.19mi
1124 E Seneca Ave Apt 8 Des Moines, IA	1.0	1.0	550	$597	$1.09	45d	1	1.21mi
1124 E Seneca Ave Apt 6 Des Moines, IA	1.0	1.0	550	$597	$1.09	25d	1	1.21mi
2411 Welbeck Rd #11 Des Moines, IA	2.0	1.0	750	$745	$0.99	45d	1	1.25mi
2411 Welbeck Rd #7 Des Moines, IA	2.0	1.0	750	$845	$1.13	45d	1	1.25mi
2501 24th St Apt 107 Des Moines, IA	3.0	2.0	950	$1,045	$1.10	15d	1	1.35mi
2501 24th St Unit 111 Des Moines, IA	2.0	1.0	750	$760	$1.01	25d	1	1.35mi
2501 24th St Unit 101 Des Moines, IA	2.0	1.0	750	$725	$0.97	25d	1	1.35mi
2501 24th St Unit 113 Des Moines, IA	2.0	1.0	750	$945	$1.26	45d	1	1.35mi
2501 24th St Des Moines, IA	2.0	1.0	910	$795	$0.87	25d	1	1.35mi
2501 24th St Unit 121 Des Moines, IA	3.0	2.0	950	$995	$1.05	25d	1	1.35mi
1438 9th St Des Moines, IA	2.0	1.0	700	$745	$1.06	22d	1	1.36mi
3700 Martin Luther King Junior Pkwy Unit 18 Des Moines, IA	2.0	1.0	730	$750	$1.03	45d	1	1.37mi
2413 24th St Unit 3 Des Moines, IA	2.0	1.0	600	$725	$1.21	45d	1	1.37mi
1714 College Ave Des Moines, IA	3.0	1.0	1015	$1,050	$1.03	45d	1	1.43mi
2525 Clarkson Ave Unit 04 Des Moines, IA	2.0	1.0	775	$895	$1.15	45d	1	1.46mi
2533 Lynner Dr Des Moines, IA	2.0	1.0	800	$900	$1.12	45d	1	1.46mi
2715 Douglas Ave Des Moines, IA	3.0	2.0	1109	$1,408	$1.27	15d	1	1.48mi

Listing history 26 events

1. 2026-06-21
   days on market $134,900 Active 31 DOM
2. 2026-06-18
   days on market $134,900 Active 28 DOM
3. 2026-06-17
   days on market $134,900 Active 27 DOM
4. 2026-06-16
   days on market $134,900 Active 26 DOM
5. 2026-06-15
   days on market $134,900 Active 25 DOM
6. 2026-06-14
   days on market $134,900 Active 23 DOM
7. 2026-06-13
   days on market $134,900 Active 22 DOM
8. 2026-06-10
   days on market $134,900 Active 20 DOM
9. 2026-06-09
   days on market $134,900 Active 19 DOM
10. 2026-06-08
    days on market $134,900 Active 18 DOM
11. 2026-06-07
    days on market $134,900 Active 17 DOM
12. 2026-06-05
    days on market $134,900 Active 14 DOM
13. 2026-06-03
    days on market $134,900 Active 13 DOM
14. 2026-06-02
    days on market $134,900 Active 12 DOM
15. 2026-06-01
    days on market $134,900 Active 11 DOM
16. 2026-05-31
    days on market $134,900 Active 10 DOM
17. 2026-05-31
    days on market $134,900 Active 9 DOM
18. 2026-05-21
    listed $134,900 Active
19. 2025-03-04
    soldstatus $119,000
20. 2023-07-07
    soldstatus $118,550
21. 2020-12-04
    soldstatus $544,500
22. 2020-12-01
    soldstatus $60,500 Closed 12-char remark

    Show marketing remark (12 chars)

    24 hour sale

23. 2020-10-27
    historical 12-char remark

    Show marketing remark (12 chars)

    24 hour sale

24. 2020-10-26
    listed $75,000 12-char remark

    Show marketing remark (12 chars)

    24 hour sale

25. 2006-12-13
    soldstatus $47,500 77-char remark

    Show marketing remark (77 chars)

    Property is HUD Owned and is to be sold As-Is, without repairs or warranties.

26. 2006-08-04
    listed $62,000 77-char remark

    Show marketing remark (77 chars)

    Property is HUD Owned and is to be sold As-Is, without repairs or warranties.

ⓘ 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: $1,504 · $125/mo
• Projected year-2 tax: $1,811 · $151/mo
• Expected delta: +$307/yr (+$26/mo · 20.4%)

ⓘ 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: $11,720
• − Mortgage interest: −$7,556
• − Property taxes: −$1,504
• − Insurance: −$674
• − Repairs & maintenance: −$938
• − Management: −$938
• − Depreciation: −$3,924
• Taxable loss: −$3,814
• Est. tax savings @ 24.0%: +$915
• After-tax cash flow: $-493/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): 17,440
• Household income: $68,361
• Rent vs Own: 23.1% rent · 76.9% own
• Severe rent burden: 454.0

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 61% Hispanic / Latino 17% Black 11% Two or more races 8% Asian 6%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Iranian 3% Portuguese 2% Scotch-Irish 2%
• Foreign-born: 16% · Canada, Philippines, Vietnam
• Languages at home: 75% English-only · Spanish 14% Other Asian/Pacific 4% Russian/Polish/Slavic 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: ▼ -162.17%
• Current HPI: 285.5708
• Rent YoY: ▲ 13.11%
• 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

+117.6% since first listed

9 events — show timeline

• 2026-05-21 Listed $134,900 DMMLS
• 2025-03-04 Sold (Public Records) $119,000 Public Records
• 2023-07-07 Sold (Public Records) $118,550 Public Records
• 2020-12-04 Sold (Public Records) $544,500 Public Records
• 2020-12-01 Sold (MLS) $60,500 DMMLS
• 2020-10-27 Listing Removed — DMMLS
• 2020-10-26 Listed $75,000 DMMLS
• 2006-12-13 Sold (MLS) $47,500 DMMLS
• 2006-08-04 Listed $62,000 DMMLS

Property tax history

-0.8%/yr

Latest (2025): $1,504 · +2.0% YoY. Source: county tax records.