15347 Coyote Dr · Urbandale, IA 50111

$212,490

3 bd · 2.5 ba · 1,418 sqft · Other · 209 Days on market

Built 2025 Good condition 1,120 sqft lot $150/sqft · 8% below area Est $230k · 8% under $195/mo HOA · 10% of rent ↓ 9% since listing

---

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).

• Cash flow +11.2/30.0
• ARV discount +10.9/15.0
• Schools +7.1/10.0
• Livability +4.5/5.0
• 1% rule +4.4/10.0
• Condition / age +4.0/5.0
• DSCR +3.3/10.0
• Rent growth +2.7/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the Pearson, a townhome in Magnolia Heights Townhomes - offering 3 bedrooms, 2.5 bathrooms, and 1,418 sq. ft. of thoughtfully designed living space with appliances included. Step into a welcoming foyer that leads into an open-concept main level, perfect for daily living and entertaining. The kitchen features white cabinetry, stainless steel appliances, and a large L-shaped island, ideal for casual dining and gatherings. The kitchen flows into the dining area and great room, where an electric fireplace adds a cozy touch. A half bathroom and access to the 1-car garage complete the main level. Upstairs, retreat to the spacious primary suite with a walk-in closet and private bath with dual vanities and walk-in shower. Two more bedrooms, a second full bath, and upstairs laundry offer comfort and convenience. Visit today and see why the Pearson is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

Key facts

• Dual vanity sink
• Dedicated pantry
• Cozy fireplace

Tags

• ACCESS TO WAUKEE SCHOOLS
• COZY FIREPLACE
• DEDICATED PANTRY
• ISLAND OVER-LOOKING DINING
• ENSUITE BATHROOM
• DUAL VANITY SINK

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath other listed at $212k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-81 ($-968/yr) — negative.
• To cash-flow at today's rent, offer at most $201k (5.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $200k (5.7% below list).
• Recommended offer: $187k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.8% 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: Rents flat; 327 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Dallas County population projected at +74% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 209 days — a 12% lower offer ($187k) is reasonable based on typical stale-listing flexibility.

Recommended offer $186,991 (12.0% 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 209 days. Have you received any prior offers? Is the seller open to a 12% 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: 0.94% ✗
• Cap rate: 5.84%
• Cash-on-cash: -1.63%
• DSCR: 0.93
• GRM: 8.8

CMA / ARV

• ARV (median comp): $230,026
• List price: $212,490
• Delta: -7.62%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.71% rent growth · sell at horizon

5-year hold

• IRR: -21.9%
• Equity multiple: 0.26×
• Total profit: $-43,934
• Equity at exit: $31,683

10-year hold

• IRR: -23.5%
• Equity multiple: -0.04×
• Total profit: $-61,953
• Equity at exit: $18,372

Cash invested: $59,497 (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 50111

• Home prices YoY: -11.1%
• Rents YoY: 0.7%
• Active inventory: 327
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $2,004 high
• Mortgage (P&I): −$1,114
• Tax est. 1.5%: −$266 /mo · $3,187/yr
• Insurance: −$89
• HOA: −$195
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $-81

Break-even live

Break-even rent $2,106

Max offer price $200,816

Occupancy floor 99%

Sensitivity live

Price	-10% $66	-5% $-7	+0% $-81	+5% $-154	+10% $-228
Rent	-10% $-239	-5% $-160	+0% $-81	+5% $-2	+10% $78
Rate	-1.0pp $26	-0.5pp $-27	base $-81	+0.5pp $-136	+1.0pp $-192

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: $53,122
• Closing costs: $6,375
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15133 Foxglove Ln Urbandale, IA	3.0	2.5	1529	$2,350	$1.54	15d	1	0.42mi
5437 155th St Urbandale, IA	3.0–4.0	2.5	1590	$1,969	$1.24	15d	8	0.50mi
5506 144th St Urbandale, IA	3.0	2.5	1575	$1,875	$1.19	44d	1	0.58mi
15118 Deerview Dr Urbandale, IA	3.0	2.5	1600	$2,195	$1.37	44d	1	0.59mi
14420 Springbrook Trl Grimes, IA	3.0	2.5	1575	$1,950	$1.24	15d	1	0.96mi

HOA detail

• Monthly dues: $195 · $2,340/yr
• Likely covers: electric

Listing history 7 events

1. 2026-05-18
   status Pending 963-char remark

   Show marketing remark (963 chars)

   Welcome to the Pearson, a townhome in Magnolia Heights Townhomes - offering 3 bedrooms, 2.5 bathrooms, and 1,418 sq. ft. of thoughtfully designed living space with appliances included. Step into a welcoming foyer that leads into an open-concept main level, perfect for daily living and entertaining. The kitchen features white cabinetry, stainless steel appliances, and a large L-shaped island, ideal for casual dining and gatherings. The kitchen flows into the dining area and great room, where an electric fireplace adds a cozy touch. A half bathroom and access to the 1-car garage complete the main level. Upstairs, retreat to the spacious primary suite with a walk-in closet and private bath with dual vanities and walk-in shower. Two more bedrooms, a second full bath, and upstairs laundry offer comfort and convenience. Visit today and see why the Pearson is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

2. 2026-05-13
   price $209,990 963-char remark

   Show marketing remark (963 chars)

   Welcome to the Pearson, a townhome in Magnolia Heights Townhomes - offering 3 bedrooms, 2.5 bathrooms, and 1,418 sq. ft. of thoughtfully designed living space with appliances included. Step into a welcoming foyer that leads into an open-concept main level, perfect for daily living and entertaining. The kitchen features white cabinetry, stainless steel appliances, and a large L-shaped island, ideal for casual dining and gatherings. The kitchen flows into the dining area and great room, where an electric fireplace adds a cozy touch. A half bathroom and access to the 1-car garage complete the main level. Upstairs, retreat to the spacious primary suite with a walk-in closet and private bath with dual vanities and walk-in shower. Two more bedrooms, a second full bath, and upstairs laundry offer comfort and convenience. Visit today and see why the Pearson is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

3. 2026-04-22
   price $217,990 963-char remark

   Show marketing remark (963 chars)

   Welcome to the Pearson, a townhome in Magnolia Heights Townhomes - offering 3 bedrooms, 2.5 bathrooms, and 1,418 sq. ft. of thoughtfully designed living space with appliances included. Step into a welcoming foyer that leads into an open-concept main level, perfect for daily living and entertaining. The kitchen features white cabinetry, stainless steel appliances, and a large L-shaped island, ideal for casual dining and gatherings. The kitchen flows into the dining area and great room, where an electric fireplace adds a cozy touch. A half bathroom and access to the 1-car garage complete the main level. Upstairs, retreat to the spacious primary suite with a walk-in closet and private bath with dual vanities and walk-in shower. Two more bedrooms, a second full bath, and upstairs laundry offer comfort and convenience. Visit today and see why the Pearson is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

4. 2026-03-06
   price $219,990 963-char remark

   Show marketing remark (963 chars)

   Welcome to the Pearson, a townhome in Magnolia Heights Townhomes - offering 3 bedrooms, 2.5 bathrooms, and 1,418 sq. ft. of thoughtfully designed living space with appliances included. Step into a welcoming foyer that leads into an open-concept main level, perfect for daily living and entertaining. The kitchen features white cabinetry, stainless steel appliances, and a large L-shaped island, ideal for casual dining and gatherings. The kitchen flows into the dining area and great room, where an electric fireplace adds a cozy touch. A half bathroom and access to the 1-car garage complete the main level. Upstairs, retreat to the spacious primary suite with a walk-in closet and private bath with dual vanities and walk-in shower. Two more bedrooms, a second full bath, and upstairs laundry offer comfort and convenience. Visit today and see why the Pearson is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

5. 2026-02-12
   price $222,990 963-char remark

   Show marketing remark (963 chars)

   Welcome to the Pearson, a townhome in Magnolia Heights Townhomes - offering 3 bedrooms, 2.5 bathrooms, and 1,418 sq. ft. of thoughtfully designed living space with appliances included. Step into a welcoming foyer that leads into an open-concept main level, perfect for daily living and entertaining. The kitchen features white cabinetry, stainless steel appliances, and a large L-shaped island, ideal for casual dining and gatherings. The kitchen flows into the dining area and great room, where an electric fireplace adds a cozy touch. A half bathroom and access to the 1-car garage complete the main level. Upstairs, retreat to the spacious primary suite with a walk-in closet and private bath with dual vanities and walk-in shower. Two more bedrooms, a second full bath, and upstairs laundry offer comfort and convenience. Visit today and see why the Pearson is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

6. 2025-11-06
   price $224,990 963-char remark

   Show marketing remark (963 chars)

   Welcome to the Pearson, a townhome in Magnolia Heights Townhomes - offering 3 bedrooms, 2.5 bathrooms, and 1,418 sq. ft. of thoughtfully designed living space with appliances included. Step into a welcoming foyer that leads into an open-concept main level, perfect for daily living and entertaining. The kitchen features white cabinetry, stainless steel appliances, and a large L-shaped island, ideal for casual dining and gatherings. The kitchen flows into the dining area and great room, where an electric fireplace adds a cozy touch. A half bathroom and access to the 1-car garage complete the main level. Upstairs, retreat to the spacious primary suite with a walk-in closet and private bath with dual vanities and walk-in shower. Two more bedrooms, a second full bath, and upstairs laundry offer comfort and convenience. Visit today and see why the Pearson is built for the way you live! Ask about builder incentives with preferred lender. Photos similar to.

7. 2025-10-21
   listed $231,990 Active 963-char remark

   Show marketing remark (963 chars)

   Welcome to the Pearson, a townhome in Magnolia Heights Townhomes - offering 3 bedrooms, 2.5 bathrooms, and 1,418 sq. ft. of thoughtfully designed living space with appliances included. Step into a welcoming foyer that leads into an open-concept main level, perfect for daily living and entertaining. The kitchen features white cabinetry, stainless steel appliances, and a large L-shaped island, ideal for casual dining and gatherings. The kitchen flows into the dining area and great room, where an electric fireplace adds a cozy touch. A half bathroom and access to the 1-car garage complete the main level. Upstairs, retreat to the spacious primary suite with a walk-in closet and private bath with dual vanities and walk-in shower. Two more bedrooms, a second full bath, and upstairs laundry offer comfort and convenience. Visit today and see why the Pearson 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: $24,042
• − Mortgage interest: −$11,903
• − Property taxes: −$3,187
• − Insurance: −$1,062
• − Repairs & maintenance: −$1,923
• − Management: −$1,923
• − HOA: −$2,340
• − Depreciation: −$6,182
• Taxable loss: −$4,478
• Est. tax savings @ 24.0%: +$1,075
• After-tax cash flow: $107/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 · 1 photo

Good 80/100 Cosmetic rehab

This well-maintained townhome in Magnolia Heights Townhomes offers a good condition with minimal repairs needed. Upgrades in paint, landscaping, and smart home features can significantly enhance its value for both resale and rental.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics.
• Both Landscaping improvements — Enhances curb appeal and creates a more inviting front entrance.
• Both Adding smart home features — Improves convenience and adds modern appeal, attracting more buyers and renters.
• Resale Upgrading the kitchen appliances — Modern appliances can increase the home's appeal to potential buyers.
• Resale Upgrading the flooring in the bathrooms — High-quality flooring can significantly enhance the home's value and appeal to buyers.
• Both Upgrading the lighting fixtures — Modern lighting can improve the home's ambiance and increase its value.
• Rental Adding a smart thermostat — Modern technology can attract renters and improve energy efficiency, reducing utility costs.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhances curb appeal and creates a more inviting front entrance. ↑
• Both Adding smart home features — Improves convenience and adds modern appeal, attracting more buyers and renters. ↑
• Resale Upgrading the kitchen appliances — Modern appliances can increase the home's appeal to potential buyers. ↑
• Resale Upgrading the flooring in the bathrooms — High-quality flooring can significantly enhance the home's value and appeal to buyers. ↑
• Both Upgrading the lighting fixtures — Modern lighting can improve the home's ambiance and increase its value. ↑
• Rental Adding a smart thermostat — Modern technology can attract renters and improve energy efficiency, reducing utility costs. ↑

ⓘ 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: 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): 16,865
• Household income: $120,769
• Rent vs Own: 28.3% rent · 71.7% own
• Severe rent burden: 249.0

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 (85%)
• Race & ethnicity: White 85% Hispanic / Latino 6% Two or more races 5% Asian 3% Black 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Portuguese 3% Italian 3% Iranian 2%
• Foreign-born: 6% · China, Canada
• Languages at home: 92% English-only · Other Asian/Pacific 3% Spanish 2% Other Indo-European 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: ▼ -30.93%
• Current HPI: 249.0614
• Rent YoY: ▲ 0.71%
• 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

-9.5% since first listed

7 events — show timeline

• 2026-05-18 Pending — DMMLS
• 2026-05-13 Price Changed $209,990 DMMLS
• 2026-04-22 Price Changed $217,990 DMMLS
• 2026-03-06 Price Changed $219,990 DMMLS
• 2026-02-12 Price Changed $222,990 DMMLS
• 2025-11-06 Price Changed $224,990 DMMLS
• 2025-10-21 Listed $231,990 DMMLS