2232 SE Morningdew Dr · West Des Moines, IA 50265

$229,990

3 bd · 2.5 ba · 1,511 sqft · Other · 242 Days on market

Built 2025 Good condition 2,079 sqft lot $152/sqft · 6% below area Est $246k · 6% under $180/mo HOA · 10% of rent ↓ 4% 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 +10.4/15.0
• Cash flow +7.2/30.0
• Schools +6.7/10.0
• Livability +4.4/5.0
• Condition / age +4.0/5.0
• 1% rule +3.0/10.0
• Rent growth +2.4/5.0
• DSCR +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover 2232 SE Morningdew Dr in West Des Moines, Iowa. This thoughtfully designed two-story townhome offers 3 bedrooms, 2.5 bathrooms, and 1,511 sq. ft. of comfortable living space. Step inside to a long foyer that leads you to the heart of the home-a bright, open-concept main floor seamlessly connecting the kitchen, dining, and great room, complete with a cozy electric fireplace. The kitchen shines with sleek white cabinetry, stainless steel appliances, and a spacious island, perfect for everyday living and entertaining. Upstairs, all bedrooms are thoughtfully positioned for privacy. At the front of the home, the primary bedroom boasts a generous walk-in closet and an en-suite bathroom with dual vanity sinks and a walk-in shower. At the back, two spacious bedrooms with large closets share a full bathroom. A conveniently located laundry area completes the upper level, making this layout ideal for families or guests. This home comes with all appliances and blinds. Step into your new home at Fox Ridge Townhomes in West Des Moines today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

Key facts

• Walk-in closet
• Gourmet kitchen
• Large island

Tags

• GOURMET KITCHEN
• OVERSIZED PANTRY
• LARGE ISLAND
• PRIMARY BEDROOM
• ENSUITE BATHROOM
• WALK-IN CLOSET

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath other listed at $230k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-315 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $184k (19.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $184k (20.0% below list).
• Recommended offer: $184k (20.0% below list) — sets the bar for 1% rule.
• Cap rate 4.6% vs local median 2.5% in West 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 87/100 on livability (#11 in IA, #336 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: commute F.
• Norwalk Community School District (suburban): math 76% / reading 76% proficiency, ranked #39 of 289 in IA (top 14%) — strong family-tenant draw, lease renewals of 3-5y typical; only 14% free/reduced lunch — higher-income household profile.
• Zoned schools: Oviatt Elementary School (616 students, 22% FRL); Norwalk Middle School (math 76% / reading 75%, grade A, #65 of 246 statewide, top 29%, 787 students, 21% FRL); Norwalk Senior High School (math 72% / reading 79%, grade A-, #79 of 336 statewide, top 25%, 1,035 students, 19% FRL).
• Market conditions: Rents soft (-0.2%/yr); 297 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 439 units permitted in Warren County in 2024 (0 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.
• Warren County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 242 days — a 12% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Recommended offer $184,084 (20.0% 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 242 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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 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?
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: 0.80% ✗
• Cap rate: 4.65%
• Cash-on-cash: -5.87%
• DSCR: 0.74
• GRM: 10.4

CMA / ARV

• ARV (median comp): $245,594
• List price: $229,990
• Delta: -6.35%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -30.2%
• Equity multiple: 0.03×
• Total profit: $-62,596
• Equity at exit: $34,292

10-year hold

• IRR: -54.7%
• Equity multiple: -0.56×
• Total profit: $-100,640
• Equity at exit: $19,885

Cash invested: $64,397 (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 50265

• Rents YoY: -0.2%
• Active inventory: 297
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,841 medium
• Mortgage (P&I): −$1,206
• Tax est. 1.5%: −$287 /mo · $3,450/yr
• Insurance: −$96
• HOA: −$180
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $-315

Break-even live

Break-even rent $2,240

Max offer price $184,388

Occupancy floor —

Sensitivity live

Price	-10% $-156	-5% $-236	+0% $-315	+5% $-395	+10% $-474
Rent	-10% $-461	-5% $-388	+0% $-315	+5% $-242	+10% $-170
Rate	-1.0pp $-199	-0.5pp $-257	base $-315	+0.5pp $-375	+1.0pp $-435

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: $57,498
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2374 SE Callista Ave Cumming, IA	3.0	2.5	1511	$1,995	$1.32	45d	1	0.08mi
2486 SE Morningdew Dr West Des Moines, IA	3.0	2.5	1750	$2,250	$1.29	23d	1	0.17mi

HOA detail

• Monthly dues: $180 · $2,160/yr
• Likely covers: electric

Listing history 33 events

1. 2026-06-21
   days on market $229,990 Active 242 DOM
2. 2026-06-18
   days on market $229,990 Active 239 DOM
3. 2026-06-17
   days on market $229,990 Active 238 DOM
4. 2026-06-16
   days on market $229,990 Active 237 DOM
5. 2026-06-15
   days on market $229,990 Active 236 DOM
6. 2026-06-14
   days on market $229,990 Active 234 DOM
7. 2026-06-13
   days on market $229,990 Active 233 DOM
8. 2026-06-10
   days on market $229,990 Active 231 DOM
9. 2026-06-09
   days on market $229,990 Active 230 DOM
10. 2026-06-08
    days on market $229,990 Active 229 DOM
11. 2026-06-07
    days on market $229,990 Active 228 DOM
12. 2026-06-05
    days on market $229,990 Active 225 DOM
13. 2026-06-03
    days on market $229,990 Active 224 DOM
14. 2026-06-02
    days on market $229,990 Active 223 DOM
15. 2026-06-01
    days on market $229,990 Active 222 DOM
16. 2026-05-31
    days on market $229,990 Active 221 DOM
17. 2026-05-31
    days on market $229,990 Active 220 DOM
18. 2026-05-14
    price $229,990 1235-char remark

    Show marketing remark (1235 chars)

    Discover 2232 SE Morningdew Dr in West Des Moines, Iowa. This thoughtfully designed two-story townhome offers 3 bedrooms, 2.5 bathrooms, and 1,511 sq. ft. of comfortable living space. Step inside to a long foyer that leads you to the heart of the home-a bright, open-concept main floor seamlessly connecting the kitchen, dining, and great room, complete with a cozy electric fireplace. The kitchen shines with sleek white cabinetry, stainless steel appliances, and a spacious island, perfect for everyday living and entertaining. Upstairs, all bedrooms are thoughtfully positioned for privacy. At the front of the home, the primary bedroom boasts a generous walk-in closet and an en-suite bathroom with dual vanity sinks and a walk-in shower. At the back, two spacious bedrooms with large closets share a full bathroom. A conveniently located laundry area completes the upper level, making this layout ideal for families or guests. This home comes with all appliances and blinds. Step into your new home at Fox Ridge Townhomes in West Des Moines today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

19. 2026-05-13
    price $229,990 901-char remark

    Show marketing remark (901 chars)

    Welcome to the Sydney, a two-story townhome in Fox Ridge Townhomes - offering 3 bedrooms, 2.5 bathrooms, and 1,511 sq. ft. of thoughtfully designed space with appliances included. Step through the foyer into a bright, open-concept main level that flows seamlessly from the kitchen to the dining and great room, complete with a cozy electric fireplace. The kitchen shines with white cabinetry, stainless steel appliances, and a large island perfect for cooking and entertaining. Upstairs, the primary suite features a walk-in closet and en-suite with dual vanities and a walk-in shower. Two additional bedrooms with large closets, a full bathroom, and an upstairs laundry area provide flexibility and convenience. All D. R. Horton homes include smart home features. Visit today and see why the Sydney is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

20. 2026-04-23
    price $234,990 1235-char remark

    Show marketing remark (1235 chars)

    Discover 2232 SE Morningdew Dr in West Des Moines, Iowa. This thoughtfully designed two-story townhome offers 3 bedrooms, 2.5 bathrooms, and 1,511 sq. ft. of comfortable living space. Step inside to a long foyer that leads you to the heart of the home-a bright, open-concept main floor seamlessly connecting the kitchen, dining, and great room, complete with a cozy electric fireplace. The kitchen shines with sleek white cabinetry, stainless steel appliances, and a spacious island, perfect for everyday living and entertaining. Upstairs, all bedrooms are thoughtfully positioned for privacy. At the front of the home, the primary bedroom boasts a generous walk-in closet and an en-suite bathroom with dual vanity sinks and a walk-in shower. At the back, two spacious bedrooms with large closets share a full bathroom. A conveniently located laundry area completes the upper level, making this layout ideal for families or guests. This home comes with all appliances and blinds. Step into your new home at Fox Ridge Townhomes in West Des Moines today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

21. 2026-04-22
    price $234,990 901-char remark

    Show marketing remark (901 chars)

    Welcome to the Sydney, a two-story townhome in Fox Ridge Townhomes - offering 3 bedrooms, 2.5 bathrooms, and 1,511 sq. ft. of thoughtfully designed space with appliances included. Step through the foyer into a bright, open-concept main level that flows seamlessly from the kitchen to the dining and great room, complete with a cozy electric fireplace. The kitchen shines with white cabinetry, stainless steel appliances, and a large island perfect for cooking and entertaining. Upstairs, the primary suite features a walk-in closet and en-suite with dual vanities and a walk-in shower. Two additional bedrooms with large closets, a full bathroom, and an upstairs laundry area provide flexibility and convenience. All D. R. Horton homes include smart home features. Visit today and see why the Sydney is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

22. 2026-04-08
    price $235,990 1235-char remark

    Show marketing remark (1235 chars)

    Discover 2232 SE Morningdew Dr in West Des Moines, Iowa. This thoughtfully designed two-story townhome offers 3 bedrooms, 2.5 bathrooms, and 1,511 sq. ft. of comfortable living space. Step inside to a long foyer that leads you to the heart of the home-a bright, open-concept main floor seamlessly connecting the kitchen, dining, and great room, complete with a cozy electric fireplace. The kitchen shines with sleek white cabinetry, stainless steel appliances, and a spacious island, perfect for everyday living and entertaining. Upstairs, all bedrooms are thoughtfully positioned for privacy. At the front of the home, the primary bedroom boasts a generous walk-in closet and an en-suite bathroom with dual vanity sinks and a walk-in shower. At the back, two spacious bedrooms with large closets share a full bathroom. A conveniently located laundry area completes the upper level, making this layout ideal for families or guests. This home comes with all appliances and blinds. Step into your new home at Fox Ridge Townhomes in West Des Moines today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

23. 2026-04-07
    price $235,990 901-char remark

    Show marketing remark (901 chars)

    Welcome to the Sydney, a two-story townhome in Fox Ridge Townhomes - offering 3 bedrooms, 2.5 bathrooms, and 1,511 sq. ft. of thoughtfully designed space with appliances included. Step through the foyer into a bright, open-concept main level that flows seamlessly from the kitchen to the dining and great room, complete with a cozy electric fireplace. The kitchen shines with white cabinetry, stainless steel appliances, and a large island perfect for cooking and entertaining. Upstairs, the primary suite features a walk-in closet and en-suite with dual vanities and a walk-in shower. Two additional bedrooms with large closets, a full bathroom, and an upstairs laundry area provide flexibility and convenience. All D. R. Horton homes include smart home features. Visit today and see why the Sydney is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

24. 2026-02-25
    price $234,990 1235-char remark

    Show marketing remark (1235 chars)

    Discover 2232 SE Morningdew Dr in West Des Moines, Iowa. This thoughtfully designed two-story townhome offers 3 bedrooms, 2.5 bathrooms, and 1,511 sq. ft. of comfortable living space. Step inside to a long foyer that leads you to the heart of the home-a bright, open-concept main floor seamlessly connecting the kitchen, dining, and great room, complete with a cozy electric fireplace. The kitchen shines with sleek white cabinetry, stainless steel appliances, and a spacious island, perfect for everyday living and entertaining. Upstairs, all bedrooms are thoughtfully positioned for privacy. At the front of the home, the primary bedroom boasts a generous walk-in closet and an en-suite bathroom with dual vanity sinks and a walk-in shower. At the back, two spacious bedrooms with large closets share a full bathroom. A conveniently located laundry area completes the upper level, making this layout ideal for families or guests. This home comes with all appliances and blinds. Step into your new home at Fox Ridge Townhomes in West Des Moines today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

25. 2026-02-24
    price $234,990 901-char remark

    Show marketing remark (901 chars)

    Welcome to the Sydney, a two-story townhome in Fox Ridge Townhomes - offering 3 bedrooms, 2.5 bathrooms, and 1,511 sq. ft. of thoughtfully designed space with appliances included. Step through the foyer into a bright, open-concept main level that flows seamlessly from the kitchen to the dining and great room, complete with a cozy electric fireplace. The kitchen shines with white cabinetry, stainless steel appliances, and a large island perfect for cooking and entertaining. Upstairs, the primary suite features a walk-in closet and en-suite with dual vanities and a walk-in shower. Two additional bedrooms with large closets, a full bathroom, and an upstairs laundry area provide flexibility and convenience. All D. R. Horton homes include smart home features. Visit today and see why the Sydney is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

26. 2026-02-12
    price $232,990 901-char remark

    Show marketing remark (1235 chars)

    Discover 2232 SE Morningdew Dr in West Des Moines, Iowa. This thoughtfully designed two-story townhome offers 3 bedrooms, 2.5 bathrooms, and 1,511 sq. ft. of comfortable living space. Step inside to a long foyer that leads you to the heart of the home-a bright, open-concept main floor seamlessly connecting the kitchen, dining, and great room, complete with a cozy electric fireplace. The kitchen shines with sleek white cabinetry, stainless steel appliances, and a spacious island, perfect for everyday living and entertaining. Upstairs, all bedrooms are thoughtfully positioned for privacy. At the front of the home, the primary bedroom boasts a generous walk-in closet and an en-suite bathroom with dual vanity sinks and a walk-in shower. At the back, two spacious bedrooms with large closets share a full bathroom. A conveniently located laundry area completes the upper level, making this layout ideal for families or guests. This home comes with all appliances and blinds. Step into your new home at Fox Ridge Townhomes in West Des Moines today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

27. 2026-02-12
    price $232,990 1235-char remark

    Show marketing remark (1235 chars)

    Discover 2232 SE Morningdew Dr in West Des Moines, Iowa. This thoughtfully designed two-story townhome offers 3 bedrooms, 2.5 bathrooms, and 1,511 sq. ft. of comfortable living space. Step inside to a long foyer that leads you to the heart of the home-a bright, open-concept main floor seamlessly connecting the kitchen, dining, and great room, complete with a cozy electric fireplace. The kitchen shines with sleek white cabinetry, stainless steel appliances, and a spacious island, perfect for everyday living and entertaining. Upstairs, all bedrooms are thoughtfully positioned for privacy. At the front of the home, the primary bedroom boasts a generous walk-in closet and an en-suite bathroom with dual vanity sinks and a walk-in shower. At the back, two spacious bedrooms with large closets share a full bathroom. A conveniently located laundry area completes the upper level, making this layout ideal for families or guests. This home comes with all appliances and blinds. Step into your new home at Fox Ridge Townhomes in West Des Moines today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

28. 2026-02-07
    price $234,990 1235-char remark

    Show marketing remark (1235 chars)

    Discover 2232 SE Morningdew Dr in West Des Moines, Iowa. This thoughtfully designed two-story townhome offers 3 bedrooms, 2.5 bathrooms, and 1,511 sq. ft. of comfortable living space. Step inside to a long foyer that leads you to the heart of the home-a bright, open-concept main floor seamlessly connecting the kitchen, dining, and great room, complete with a cozy electric fireplace. The kitchen shines with sleek white cabinetry, stainless steel appliances, and a spacious island, perfect for everyday living and entertaining. Upstairs, all bedrooms are thoughtfully positioned for privacy. At the front of the home, the primary bedroom boasts a generous walk-in closet and an en-suite bathroom with dual vanity sinks and a walk-in shower. At the back, two spacious bedrooms with large closets share a full bathroom. A conveniently located laundry area completes the upper level, making this layout ideal for families or guests. This home comes with all appliances and blinds. Step into your new home at Fox Ridge Townhomes in West Des Moines today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

29. 2026-02-05
    price $234,990 901-char remark

    Show marketing remark (901 chars)

    Welcome to the Sydney, a two-story townhome in Fox Ridge Townhomes - offering 3 bedrooms, 2.5 bathrooms, and 1,511 sq. ft. of thoughtfully designed space with appliances included. Step through the foyer into a bright, open-concept main level that flows seamlessly from the kitchen to the dining and great room, complete with a cozy electric fireplace. The kitchen shines with white cabinetry, stainless steel appliances, and a large island perfect for cooking and entertaining. Upstairs, the primary suite features a walk-in closet and en-suite with dual vanities and a walk-in shower. Two additional bedrooms with large closets, a full bathroom, and an upstairs laundry area provide flexibility and convenience. All D. R. Horton homes include smart home features. Visit today and see why the Sydney is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

30. 2025-11-19
    price $236,990 1235-char remark

    Show marketing remark (1235 chars)

    Discover 2232 SE Morningdew Dr in West Des Moines, Iowa. This thoughtfully designed two-story townhome offers 3 bedrooms, 2.5 bathrooms, and 1,511 sq. ft. of comfortable living space. Step inside to a long foyer that leads you to the heart of the home-a bright, open-concept main floor seamlessly connecting the kitchen, dining, and great room, complete with a cozy electric fireplace. The kitchen shines with sleek white cabinetry, stainless steel appliances, and a spacious island, perfect for everyday living and entertaining. Upstairs, all bedrooms are thoughtfully positioned for privacy. At the front of the home, the primary bedroom boasts a generous walk-in closet and an en-suite bathroom with dual vanity sinks and a walk-in shower. At the back, two spacious bedrooms with large closets share a full bathroom. A conveniently located laundry area completes the upper level, making this layout ideal for families or guests. This home comes with all appliances and blinds. Step into your new home at Fox Ridge Townhomes in West Des Moines today! This home is currently under construction. Photos and video may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

31. 2025-11-18
    price $236,990 901-char remark

    Show marketing remark (901 chars)

    Welcome to the Sydney, a two-story townhome in Fox Ridge Townhomes - offering 3 bedrooms, 2.5 bathrooms, and 1,511 sq. ft. of thoughtfully designed space with appliances included. Step through the foyer into a bright, open-concept main level that flows seamlessly from the kitchen to the dining and great room, complete with a cozy electric fireplace. The kitchen shines with white cabinetry, stainless steel appliances, and a large island perfect for cooking and entertaining. Upstairs, the primary suite features a walk-in closet and en-suite with dual vanities and a walk-in shower. Two additional bedrooms with large closets, a full bathroom, and an upstairs laundry area provide flexibility and convenience. All D. R. Horton homes include smart home features. Visit today and see why the Sydney is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

32. 2025-10-22
    listed $239,990 Active 1235-char remark

    Show marketing remark (901 chars)

    Welcome to the Sydney, a two-story townhome in Fox Ridge Townhomes - offering 3 bedrooms, 2.5 bathrooms, and 1,511 sq. ft. of thoughtfully designed space with appliances included. Step through the foyer into a bright, open-concept main level that flows seamlessly from the kitchen to the dining and great room, complete with a cozy electric fireplace. The kitchen shines with white cabinetry, stainless steel appliances, and a large island perfect for cooking and entertaining. Upstairs, the primary suite features a walk-in closet and en-suite with dual vanities and a walk-in shower. Two additional bedrooms with large closets, a full bathroom, and an upstairs laundry area provide flexibility and convenience. All D. R. Horton homes include smart home features. Visit today and see why the Sydney is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

33. 2025-10-22
    listed $239,990 Active 901-char remark

    Show marketing remark (901 chars)

    Welcome to the Sydney, a two-story townhome in Fox Ridge Townhomes - offering 3 bedrooms, 2.5 bathrooms, and 1,511 sq. ft. of thoughtfully designed space with appliances included. Step through the foyer into a bright, open-concept main level that flows seamlessly from the kitchen to the dining and great room, complete with a cozy electric fireplace. The kitchen shines with white cabinetry, stainless steel appliances, and a large island perfect for cooking and entertaining. Upstairs, the primary suite features a walk-in closet and en-suite with dual vanities and a walk-in shower. Two additional bedrooms with large closets, a full bathroom, and an upstairs laundry area provide flexibility and convenience. All D. R. Horton homes include smart home features. Visit today and see why the Sydney is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

ⓘ 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: $22,090
• − Mortgage interest: −$12,883
• − Property taxes: −$3,450
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,767
• − Management: −$1,767
• − HOA: −$2,160
• − Depreciation: −$6,691
• Taxable loss: −$7,778
• Est. tax savings @ 24.0%: +$1,867
• After-tax cash flow: $-1,915/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 · 13 photos

Good 80/100 Cosmetic rehab

This well-maintained, thoughtfully designed townhome is move-in ready with a good condition score and minimal repairs needed.

Value-add opportunities

• Both Paint the exterior — Enhances curb appeal and resale value.
• Both Replace the carpet with hardwood flooring — Improves aesthetics and is easier to maintain.
• Both Install smart home devices — Enhances convenience and adds modern appeal.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint the exterior — Enhances curb appeal and resale value. ↑
• Both Replace the carpet with hardwood flooring — Improves aesthetics and is easier to maintain. ↑
• Both Install smart home devices — Enhances convenience and adds modern appeal. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Norwalk Community School District
• NCES district ID: 1921240
• Math proficiency: 76% ▼ -6.00%
• Reading proficiency: 76% ▼ -2.00%
• Median HH income: $76,652
• Composite: 66.9/100
• National rank: #401
• State rank: #39 of 289 in IA

Livability — West Des Moines

• Score: 87/100
• State rank: #11
• US rank: #336

Category grades

Amenities A+ Commute F Cost of living A+ Crime B+ Employment A Housing A+ Health & safety A+ User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: West Des Moines, IA
• County: Polk County · 453,298 people
• City population: 71,011
• Metro: Des Moines-West Des Moines, IA
• Population (ZIP): 33,488
• Household income: $85,915
• Rent vs Own: 33.6% rent · 66.4% own
• Severe rent burden: 741.0

Population outlook (Warren County) Hauer SSP2

• Today (2025): 54,222 people
• By 2030: 56,863 · +4.9%
• By 2040: 61,691 · +13.8%
• By 2050: 65,939 · +21.6%
• By 2075: 75,626 · +39.5%
• By 2100: 80,425 · +48.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 7% Two or more races 7% Asian 6% Black 4%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Portuguese 4% Italian 3% Iranian 2%
• Foreign-born: 10% · Canada, Vietnam, South Korea
• Languages at home: 87% English-only · Spanish 5% Other Asian/Pacific 2% Chinese 1%

Political lean MEDSL · Warren

• 2024 margin: Strong R (+20.7) · D 38.9% · R 59.7% · Other 1.4%
• 2008→2024 swing: -21.4pp toward R · 2008: 0.6pp · 2024: -20.7pp
• All cycles: 2024: R+20.7 2020: R+16.8 2016: R+16.4 2012: R+2.0 2008: D+0.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -206.46%
• Current HPI: 220.1776
• Rent YoY: ▼ -0.21%
• 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

-4.2% since first listed

16 events — show timeline

• 2026-05-14 Price Changed $229,990 Zillow
• 2026-05-13 Price Changed $229,990 DMMLS
• 2026-04-23 Price Changed $234,990 Zillow
• 2026-04-22 Price Changed $234,990 DMMLS
• 2026-04-08 Price Changed $235,990 Zillow
• 2026-04-07 Price Changed $235,990 DMMLS
• 2026-02-25 Price Changed $234,990 Zillow
• 2026-02-24 Price Changed $234,990 DMMLS
• 2026-02-12 Price Changed $232,990 DMMLS
• 2026-02-12 Price Changed $232,990 Zillow
• 2026-02-07 Price Changed $234,990 Zillow
• 2026-02-05 Price Changed $234,990 DMMLS
• 2025-11-19 Price Changed $236,990 Zillow
• 2025-11-18 Price Changed $236,990 DMMLS
• 2025-10-22 Listed $239,990 Zillow
• 2025-10-22 Listed $239,990 DMMLS