5718 NE Dawson Ln · Ankeny, IA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $902 – $1,676
Heat risk 3/10 · Minor
- Hot days now (above 103°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 0 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
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 +10.7/15.0
- Schools +8.4/10.0
- Cash flow +6.2/30.0
- Livability +4.6/5.0
- Condition / age +4.0/5.0
- 1% rule +2.7/10.0
- Rent growth +2.7/5.0
- DSCR +0.5/10.0
- Appreciation +0.0/10.0
$229,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
24hr Sale
Key facts
- $160 HOA
- 2 garage spots
- Built 2021
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.5-bath townhouse listed at $229k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-420 ($-5k/yr) — negative.
- To cash-flow at today's rent, offer at most $155k (32.4% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $176k (23.2% below list).
- Recommended offer: $155k (32.4% below list) — sets the bar for cash-flow.
- Cap rate 4.1% vs local median 2.9% in Ankeny — 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 92/100 on livability (#3 in IA, #29 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, employment A+, housing A+; Watch: commute C-.
- North Polk Community School District (rural): math 87% / reading 84% proficiency, ranked #7 of 289 in IA (top 2%) — strong family-tenant draw, lease renewals of 3-5y typical; only 9% free/reduced lunch — higher-income household profile.
- Zoned schools: North Polk Central Elementary School (math 83% / reading 72%, grade A, #101 of 616 statewide, top 16%, 342 students, 11% FRL); North Polk Middle School (math 85% / reading 87%, grade A+, #8 of 246 statewide, top 3%, 455 students, 10% FRL); North Polk High School (math 88% / reading 89%, grade A, #3 of 336 statewide, top 1%, 647 students, 10% FRL) — zoned schools at 10% FRL track the district average.
- Market conditions: Rents flat; 869 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 116 days — a 9% lower offer ($208k) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts since 5y 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.
Questions for the listing agent
- 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?
- It's been on market 116 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 0.77% ✗
- Cap rate
- 4.09%
- Cash-on-cash
- -7.86%
- DSCR
- 0.65
- GRM
- 10.8
CMA / ARV
- ARV (median comp)
- $246,572
- List price
- $229,000
- Delta
- -5.71%
- 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 |
|---|---|---|---|---|---|---|---|
| 1013 NE 58th Ln | 0.04mi | 2/2.5 (-1) | 1,328 (-4%) | 0mo | $199,999 | $151 | 87 |
| 1018 NE 57th Ln | 0.06mi | 2/2.5 (-1) | 1,331 (-4%) | 1mo | $207,900 | $156 | 86 |
| 5429 NE Briarwood Dr | 0.17mi | 2/2.0 (-1) | 1,341 (-3%) | 0mo | $268,000 | $200 | 80 |
| 5710 NE Creek Ridge Dr | 0.07mi | 3/3.0 | 1,521 (+10%) | 2mo | $439,990 | $289 | 76 |
| 1201 NE 56th St | 0.26mi | 3/3.0 | 1,300 (-6%) | 1mo | $327,500 | $252 | 75 |
| 1145 NE 56th St | 0.26mi | 3/3.0 | 1,300 (-6%) | 2mo | $323,500 | $249 | 75 |
| 1205 NE 56th St | 0.27mi | 3/3.0 | 1,300 (-6%) | 2mo | $327,500 | $252 | 74 |
| 5901 NE Seneca Ln | 0.48mi | 3/2.5 | 1,511 (+10%) | 2mo | $244,000 | $161 | 60 |
| 1015 NE 49th Ln | 0.61mi | 2/2.5 (-1) | 1,238 (-10%) | 0mo | $197,000 | $159 | 49 |
| 4845 NE Mcdougal Ln | 0.63mi | 2/2.5 (-1) | 1,238 (-10%) | 1mo | $200,000 | $162 | 47 |
| 4814 NE Grove Ln | 0.65mi | 2/2.5 (-1) | 1,228 (-11%) | 2mo | $170,000 | $138 | 45 |
| 1008 NE Kamies Ln | 0.72mi | 4/3.5 (+1) | 1,520 (+10%) | 1mo | $220,000 | $145 | 39 |
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 · 0.92% rent growth · sell at horizon
- IRR
- -32.7%
- Equity multiple
- -0.05×
- Total profit
- $-67,297
- Equity at exit
- $34,145
- IRR
- -55.8%
- Equity multiple
- -0.66×
- Total profit
- $-106,564
- Equity at exit
- $19,800
Cash invested: $64,120 (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
Active competition Active MLS
- For sale now
- 16 active · 28 under contract
- Months of supply
- 2.3 mo (44%/mo absorbed)
- Median asking
- $227,495 ($162/sqft)
- Median days on market
- 67 d
- This list price
- 50% of active listings are priced below it
- ARV vs active asking
- +10.4% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 50021
- Rents YoY
- 0.9%
- Active inventory
- 869
- Price-to-rent
- 10.8×
Monthly cashflow live
- Estimated rent
- $1,759 high interval (Pro) →
- Mortgage (P&I)
- −$1,201
- Tax from tax record
- −$354 /mo · $4,242/yr
- Insurance
- −$95
- HOA
- −$160
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$369
- Net cashflow
- $-420
Break-even live
Sensitivity live
| Price | -10% $-290 | -5% $-355 | +0% $-420 | +5% $-485 | +10% $-550 |
|---|---|---|---|---|---|
| Rent | -10% $-559 | -5% $-489 | +0% $-420 | +5% $-350 | +10% $-281 |
| Rate | -1.0pp $-305 | -0.5pp $-362 | base $-420 | +0.5pp $-479 | +1.0pp $-540 |
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
- $57,250
- Closing costs
- $6,870
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 23 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 5711 NE Lowell Ln Ankeny, IA | 3.0 | 3.0 | 1380 | $1,655 | $1.20 | 15d | 1 | 0.08mi |
| 1424 NE 56th Ln Ankeny, IA | 3.0–4.0 | 2.5 | 1658 | $2,025 | $1.22 | 15d | 12 | 0.20mi |
| 5007 NE McDougal Ln Unit 4921 Ankeny, IA | 2.0 | 2.0 | 1036 | $1,500 | $1.45 | 15d | 1 | 0.48mi |
| 5007 NE McDougal Ln Unit 4916 McDougal Ankeny, IA | 2.0 | 2.0 | 1036 | $1,475 | $1.42 | 15d | 1 | 0.48mi |
| 1005 NE Kamies Ln Ankeny, IA | 3.0 | 2.5 | 1520 | $1,895 | $1.25 | 16d | 1 | 0.72mi |
| 4543 NE McDougal Ln Ankeny, IA | 3.0 | 3.5 | 1520 | $1,895 | $1.25 | 16d | 1 | 0.76mi |
| 4536 NE McDougal Ln Ankeny, IA | 4.0 | 3.0 | 1520 | $1,895 | $1.25 | 16d | 1 | 0.77mi |
| 110 NE 46th Ln Ankeny, IA | 2.0 | 2.0 | 995 | $1,300 | $1.31 | 15d | 1 | 1.10mi |
| 3921 NE Gardenia Ln Ankeny, IA | 2.0 | 1.5 | 1300 | $1,595 | $1.23 | 93d | 1 | 1.14mi |
| 203 NE 45th Ln Ankeny, IA | 3.0 | 2.5 | 1500 | $1,650 | $1.10 | 16d | 1 | 1.17mi |
| 170 NE 41st St Ankeny, IA | 1.0–3.0 | 1.0–2.0 | 1158 | $1,706 | $1.47 | 15d | 21 | 1.30mi |
| 3611 NE Otterview Cir Ankeny, IA | 1.0–2.0 | 1.0–2.0 | 778 | $1,700 | $2.19 | 15d | 18 | 1.31mi |
| 3707 NE Marissa Ln Ankeny, IA | 3.0 | 2.5 | 1480 | $1,795 | $1.21 | 72d | 1 | 1.36mi |
| 3654 NE Kara Ln Ankeny, IA | 2.0 | 2.0 | 1368 | $1,950 | $1.43 | 93d | 1 | 1.37mi |
| 3639 NE Kara Ln Ankeny, IA | 2.0 | 2.0 | 1368 | $1,900 | $1.39 | 16d | 1 | 1.38mi |
| 3635 NE Kara Ln Ankeny, IA | 3.0 | 2.0 | 1740 | $1,950 | $1.12 | 72d | 1 | 1.38mi |
| 3653 NE Marissa Ln Ankeny, IA | 3.0 | 2.5 | 1740 | $1,950 | $1.12 | 16d | 1 | 1.38mi |
| 3619 NE Kara Ln Ankeny, IA | 3.0 | 2.5 | 1700 | $1,950 | $1.15 | 72d | 1 | 1.39mi |
| 3641 NE Marissa Ln Ankeny, IA | 2.0 | 2.0 | 1336 | $1,900 | $1.42 | 72d | 1 | 1.40mi |
| 3630 NE Kara Ln Ankeny, IA | 2.0 | 2.0 | 1336 | $1,900 | $1.42 | 93d | 1 | 1.40mi |
| 3622 NE Kara Ln Ankeny, IA | 3.0 | 2.5 | 1740 | $1,950 | $1.12 | 93d | 1 | 1.40mi |
| 3624 NE Marissa Ln Ankeny, IA | 3.0 | 3.0 | 1740 | $1,950 | $1.12 | 93d | 1 | 1.42mi |
| 3620 NE Marissa Ln Ankeny, IA | 3.0 | 2.5 | 1740 | $1,950 | $1.12 | 16d | 1 | 1.43mi |
Property features AI
Finance
- HOA & community
- Homeowners association (Northgate Rowhouses HOA)HOA management: HOA Management SolutionsHOA fee $160 per monthHOA includes grounds and structure maintenance, snow removal, and trash
Exterior
- Parking
- Attached 2-car garage
- Security
- Fire alarm
- Utilities
- Public waterPublic sewer
- Home design
- Two-storyPlanned Unit Development (PUD)
- Construction
- Vinyl sidingAsphalt shingle roofPoured slab foundation
- Exterior features
- Patio (open)Sprinkler/irrigationConcrete road surface
Interior
- Kitchen
- DishwasherMicrowaveRefrigeratorStove
- Flooring
- Carpet
- Bathrooms
- One full bathroomOne three-quarter bathroomOne half bathroom
- Heating & cooling
- Central air conditioningForced-air heating (natural gas)
- Interior features
- Dining areaCarpet flooringFireplace (1)
- Laundry & utility
- WasherDryer
Listing history 50 events
-
2026-08-08days on market $229,000 Active 116 DOM
-
2026-08-07days on market $229,000 Active 115 DOM
-
2026-08-06days on market $229,000 Active 114 DOM
-
2026-08-05days on market $229,000 Active 113 DOM
-
2026-08-04days on market $229,000 Active 112 DOM
-
2026-08-03days on market $229,000 Active 111 DOM
-
2026-07-31pricedays on market $229,000 Active 108 DOM
-
2026-07-30days on market $232,500 Active 107 DOM
-
2026-07-29days on market $232,500 Active 106 DOM
-
2026-07-27days on market $232,500 Active 104 DOM
-
2026-07-25days on market $232,500 Active 102 DOM
-
2026-07-24days on market $232,500 Active 101 DOM
-
2026-07-23days on market $232,500 Active 100 DOM
-
2026-07-22days on market $232,500 Active 99 DOM
-
2026-07-21days on market $232,500 Active 98 DOM
-
2026-07-18days on market $232,500 Active 95 DOM
-
2026-07-16days on market $232,500 Active 93 DOM
-
2026-07-16days on market $232,500 Active 92 DOM
-
2026-07-14days on market $232,500 Active 91 DOM
-
2026-07-13days on market $232,500 Active 90 DOM
-
2026-07-12days on market $232,500 Active 89 DOM
-
2026-07-11days on market $232,500 Active 88 DOM
-
2026-07-10days on market $232,500 Active 87 DOM
-
2026-07-09days on market $232,500 Active 86 DOM
-
2026-07-08days on market $232,500 Active 85 DOM
-
2026-07-07days on market $232,500 Active 84 DOM
-
2026-07-06days on market $232,500 Active 83 DOM
-
2026-07-05days on market $232,500 Active 82 DOM
-
2026-07-04days on market $232,500 Active 81 DOM
-
2026-07-03days on market $232,500 Active 80 DOM
-
2026-07-02days on market $232,500 Active 79 DOM
-
2026-07-01days on market $232,500 Active 78 DOM
-
2026-06-30days on market $232,500 Active 77 DOM
-
2026-06-29days on market $232,500 Active 76 DOM
-
2026-06-28days on market $232,500 Active 75 DOM
-
2026-06-28days on market $232,500 Active 74 DOM
-
2026-06-27days on market $232,500 Active 73 DOM
-
2026-06-25days on market $232,500 Active 71 DOM
-
2026-06-23days on market $232,500 Active 69 DOM
-
2026-06-21days on market $232,500 Active 68 DOM
-
2026-06-18days on market $232,500 Active 65 DOM
-
2026-06-17days on market $232,500 Active 64 DOM
-
2026-06-16days on market $232,500 Active 63 DOM
-
2026-06-15days on market $232,500 Active 62 DOM
-
2026-06-14days on market $232,500 Active 60 DOM
-
2026-06-13days on market $232,500 Active 59 DOM
-
2026-06-10days on market $232,500 Active 57 DOM
-
2026-06-09days on market $232,500 Active 56 DOM
-
2026-06-08days on market $232,500 Active 55 DOM
-
2026-06-07days on market $232,500 Active 54 DOM
ⓘ 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
- $4,242 · $354/mo
- Projected year-2 tax
- $4,242 · $354/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 0 unhealthy d/yr today · 1 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $21,112
- − Mortgage interest
- −$12,828
- − Property taxes
- −$4,242
- − Insurance
- −$1,145
- − Repairs & maintenance
- −$1,689
- − Management
- −$1,689
- − HOA
- −$1,920
- − Depreciation
- −$6,662
- Taxable loss
- −$9,063
- Est. tax savings @ 24.0%
- +$2,175
- After-tax cash flow
- $-2,865/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.
Condition & rehab AI · 12 photos
This move-in ready end-unit townhome in NE Ankeny offers a stylish, open-concept layout with modern appliances and neutral paint. It's in good condition with minimal maintenance needed.
Value-add opportunities
- Both Paint interior walls — Fresh paint can enhance curb appeal and interior aesthetics ↑
- Both Replace ceiling fans with energy-efficient models — Energy-efficient fans can save on energy costs and improve comfort ↑
- Both Install smart home devices — Smart home devices can increase home's value and appeal to tech-savvy buyers ↑
Zoned Schools
Schools (NCES district)
- District
- North Polk Community School District
- NCES district ID
- 1920910
- Math proficiency
- 87% ▼ -2.00%
- Reading proficiency
- 84% ▼ -3.00%
- Median HH income
- $80,205
- Composite
- 75.13/100
- National rank
- #140
- State rank
- #7 of 289 in IA
Livability — Ankeny
- Score
- 92/100
- State rank
- #3
- US rank
- #29
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Ankeny, IA
- County
- Polk County · 548,042 people
- City population
- 76,589
- Metro
- Des Moines-West Des Moines, IA
- Population (ZIP)
- 30,283
- Household income
- $99,572
- Rent vs Own
- Severe rent burden
- 10% of renters
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 (84%)
- Race & ethnicity
- White 84% Hispanic / Latino 6% Black 5% Two or more races 4% Asian 3%
- Hispanic origin (detail)
- Mexican 5%
- Common ancestry
- Italian 5% Portuguese 4% Iranian 3%
- Foreign-born
- 6% · Canada, South Korea, Jamaica
- Languages at home
- 91% English-only · Spanish 5% Russian/Polish/Slavic 1% 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
- ▼ -150.38%
- Current HPI
- 208.945
- Rent YoY
- ▲ 0.92%
- 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
+4.8% since first listed7 events — show timeline
- 2026-05-26 Price Changed $232,500 DMMLS
- 2026-04-22 Relisted — DMMLS
- 2026-04-19 Pending — DMMLS
- 2026-04-10 Listed $235,000 DMMLS
- 2022-06-17 Sold (MLS) $221,816 DMMLS
- 2021-11-29 Listing Removed — DMMLS
- 2021-11-29 Listed $221,816 DMMLS
Property tax history
+271.4%/yrLatest (2025): $4,242 · +2.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…