3305 SW 14th St · Des Moines, IA 50315

$85,000

2 bd · 1.0 ba · 1,102 sqft · SingleFamily public records · 3 Days on market

Built 1940 9,467 sqft lot ↓ 5% since listing

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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).

• Cash flow +24.2/30.0
• 1% rule +8.0/10.0
• DSCR +7.8/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Schools +3.8/10.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Location, location, location! This cutie looks out onto the Wakonda Golf Course! The private backyard is perfect for entertaining or relaxing. Lovely perennials & flagstone tiered yard with garden space. The interior has hardwood floors which are covered with carpenting, 2 bedrms, living room with view of golf course, family room with access to the beautiful backyard. This south side beauty needs some updating & has had some deferred maintenance; but with a little sweat equity, it can be the perfect home for you!

Key facts

• Wakonda golf course
• Hardwood floors
• 9,467 sq ft lot

Tags

• WAKONDA GOLF COURSE
• BLANK SLATE FOR RENOVATION
• HARDWOOD FLOORS

Property features AI

Exterior

• Parking: Detached one-car garage
• Utilities: Public water; Public sewer
• Home design: Single-story home
• Construction: Vinyl siding; Asphalt shingle roof; Block foundation; Built on 0.217-acre lot
• Exterior features: Concrete road frontage; Lot dimensions approximately 70 x 135

Interior

• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced air heating (natural gas)
• Interior features: Separate/formal dining room; Unfinished basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $169 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Cap rate 8.7% 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 (+3.5%/yr); 227 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $588 of loan paydown is wiped out by about $3k 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

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 16y 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: property tax is 3.1% of price; built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $85,000

Questions for the listing agent

1. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.30% ✓
• Cap rate: 8.69%
• Cash-on-cash: 8.54%
• DSCR: 1.38
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $207,176
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1251 Pleasant View Dr	0.25mi	3/1.5 (+1)	1,144 (+4%)	1mo	$215,000	$188	74
3125 SW 13th Pl	0.16mi	3/1.0 (+1)	1,004 (-9%)	2mo	$162,000	$161	71
1220 Creston Ave	0.41mi	3/2.0 (+1)	1,120 (+2%)	3mo	$273,900	$245	66
937 Caulder Ave	0.38mi	2/1.0	1,240 (+12%)	2mo	$245,000	$198	60
710 Creston Ave	0.69mi	2/1.0	1,170 (+6%)	2mo	$189,900	$162	56
3712 SW 8th St	0.59mi	3/2.0 (+1)	1,071 (-3%)	4mo	$210,000	$196	56
711 Creston Ave	0.71mi	3/1.0 (+1)	1,158 (+5%)	0mo	$168,000	$145	53
1232 Carrie Ave	0.60mi	3/1.5 (+1)	1,025 (-7%)	1mo	$242,500	$237	53
938 Park Ave	0.40mi	3/2.0 (+1)	1,253 (+14%)	1mo	$199,000	$159	49
1103 Pleasant View Dr	0.38mi	3/2.0 (+1)	1,266 (+15%)	3mo	$205,000	$162	46
1220 Bell Ave	0.59mi	2/2.0	964 (-12%)	2mo	$175,000	$182	46
931 Rose Ave	0.48mi	3/2.0 (+1)	972 (-12%)	4mo	$226,000	$233	45

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: -2.6%
• Equity multiple: 0.90×
• Total profit: $-2,359
• Equity at exit: $12,674

10-year hold

• IRR: 7.8%
• Equity multiple: 1.61×
• Total profit: $14,413
• Equity at exit: $7,349

Cash invested: $23,800 (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: 6.4×

Monthly cashflow live

• Estimated rent: $1,103 high
• Mortgage (P&I): −$446
• Tax from tax record: −$220 /mo · $2,646/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$232
• Net cashflow: $169

Break-even live

Break-even rent $888

Max offer price $85,000

Occupancy floor 80%

Sensitivity live

Price	-10% $218	-5% $194	+0% $169	+5% $145	+10% $121
Rent	-10% $82	-5% $126	+0% $169	+5% $213	+10% $257
Rate	-1.0pp $212	-0.5pp $191	base $169	+0.5pp $147	+1.0pp $125

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3810 SW 12th St Des Moines, IA	2.0	1.0	790	$1,095	$1.39	24d	1	0.36mi
2323 E Porter Ave #27 Des Moines, IA	3.0	2.0	1214	$1,275	$1.05	24d	1	0.51mi
815 Boulder Ave Des Moines, IA	1.0	1.0	800	$745	$0.93	44d	1	0.54mi
1914 Casady Dr Des Moines, IA	2.0	1.0	800	$798	$1.00	15d	3	0.60mi
1910 Casady Dr Des Moines, IA	2.0	1.0	800	$795	$0.99	44d	1	0.61mi
1012 Carrie Ave Des Moines, IA	2.0	1.0	1100	$1,700	$1.55	22d	1	0.64mi
2800 Fleur Dr Des Moines, IA	1.0–3.0	1.0–2.0	940	$812	$0.86	15d	7	0.68mi
1211 Lewis Ave Des Moines, IA	1.0	1.0	724	$1,095	$1.51	44d	1	0.69mi
315 Miller Ave Des Moines, IA	3.0	1.0	1018	$1,595	$1.57	44d	1	0.78mi
2440 SW 9th St Unit 5 Des Moines, IA	2.0	1.0	780	$1,100	$1.41	44d	1	0.82mi
2270 Bell Ave Apt 303 Des Moines, IA	2.0	1.0	800	$1,059	$1.32	44d	1	0.84mi
2270 Bell Ave Unit 223 Des Moines, IA	1.0	1.0	750	$1,075	$1.43	24d	1	0.84mi
2270 Bell Ave Unit 103 Des Moines, IA	2.0	1.0	800	$1,150	$1.44	44d	1	0.84mi
2270 Bell Ave Unit 416 Des Moines, IA	1.0	1.0	700	$899	$1.28	24d	1	0.84mi
2270 Bell Ave Apt 314 Des Moines, IA	1.0	1.0	700	$925	$1.32	24d	1	0.84mi
2270 Bell Ave Apt 100 Des Moines, IA	2.0	1.0	800	$959	$1.20	44d	1	0.84mi
2221 Stanton Ave Des Moines, IA	1.0–2.0	1.0–2.0	853	$1,095	$1.28	15d	3	0.89mi
116 Park Ave Des Moines, IA	2.0	1.0	728	$1,200	$1.65	44d	1	0.93mi
2200 Stanton Ave Des Moines, IA	2.0	1.0	1000	$950	$0.95	24d	1	0.95mi
5000 SW 8th St Des Moines, IA	3.0	1.0	956	$1,340	$1.40	24d	1	1.19mi
5015 SW 9th St Des Moines, IA	1.0–2.0	1.0	682	$910	$1.33	15d	5	1.20mi
201 McKinley Ave Des Moines, IA	3.0	1.0	840	$1,350	$1.61	44d	1	1.27mi
1013 1/2 Kenyon Ave Des Moines, IA	2.0	1.0	768	$875	$1.14	44d	1	1.30mi
939 Kenyon Ave Des Moines, IA	3.0	1.5	950	$1,350	$1.42	44d	1	1.32mi
4805 South Union St Des Moines, IA	2.0	1.0	720	$1,245	$1.73	24d	1	1.36mi
404 E Pleasant View Dr Des Moines, IA	3.0	2.0	936	$1,125	$1.20	44d	1	1.38mi
700 Monona Ave Des Moines, IA	1.0–2.0	1.0	875	$1,100	$1.26	24d	3	1.41mi
703 Monona Ave Des Moines, IA	2.0	1.0	850	$1,100	$1.29	15d	3	1.45mi
3310 SE 5th St Des Moines, IA	2.0	1.0	700	$1,150	$1.64	44d	1	1.46mi
701 Monona Ave Des Moines, IA	1.0–2.0	1.0	825	$1,100	$1.33	24d	2	1.47mi
211 E McKinley Ave Des Moines, IA	2.0–3.0	1.5–2.0	875	$847	$0.97	15d	4	1.47mi

Listing history 5 events

1. 2026-05-31
   status $85,000 Pending 3 DOM
2. 2026-05-26
   listed $85,000 Active
3. 2010-10-05
   soldstatus $84,000
4. 2010-10-01
   soldstatus $84,000 530-char remark

   Show marketing remark (530 chars)

   Location, location, location! This cutie looks out onto the Wakonda Golf Course! The private backyard is perfect for entertaining or relaxing. Lovely perennials & flagstone tiered yard with garden space. The interior has hardwood floors which are covered with carpenting, 2 bedrms, living room with view of golf course, family room with access to the beautiful backyard. This south side beauty needs some updating & has had some deferred maintenance; but with a little sweat equity, it can be the perfect home for you!

5. 2010-04-17
   listed $89,900 530-char remark

   Show marketing remark (530 chars)

   Location, location, location! This cutie looks out onto the Wakonda Golf Course! The private backyard is perfect for entertaining or relaxing. Lovely perennials & flagstone tiered yard with garden space. The interior has hardwood floors which are covered with carpenting, 2 bedrms, living room with view of golf course, family room with access to the beautiful backyard. This south side beauty needs some updating & has had some deferred maintenance; but with a little sweat equity, it can be the perfect home for you!

ⓘ 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: $2,646 · $220/mo
• Projected year-2 tax: $2,646 · $220/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 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: $13,232
• − Mortgage interest: −$4,761
• − Property taxes: −$2,646
• − Insurance: −$425
• − Repairs & maintenance: −$1,059
• − Management: −$1,059
• − Depreciation: −$2,473
• Taxable income: $810
• Est. tax owed @ 24.0%: −$194
• After-tax cash flow: $1,839/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

-5.5% since first listed

4 events — show timeline

• 2026-05-26 Listed $85,000 DMMLS
• 2010-10-05 Sold (Public Records) $84,000 Public Records
• 2010-10-01 Sold (MLS) $84,000 DMMLS
• 2010-04-17 Listed $89,900 DMMLS

Property tax history

+2.2%/yr

Latest (2025): $2,646 · +2.2% YoY. Source: county tax records.