336 E Broad St · Des Moines, IA 50315

$153,000

2 bd · 1.0 ba · 1,255 sqft · SingleFamily public records · 98 Days on market

Built 1920 0.50 ac lot $122/sqft · 16% below area Est $183k · 16% under ↓ 7% 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 +14.9/15.0
• Cash flow +8.4/30.0
• Livability +4.0/5.0
• Schools +3.8/10.0
• Rent growth +3.4/5.0
• 1% rule +3.1/10.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well-maintained South Des Moines bungalow with recent updates! This 2-bedroom, 1-bath home offers 1,525 sq. ft of finished living space and classic charm. Built in 1920, the one-story layout includes an enclosed front porch and a full basement for storage or future potential. Situated on a spacious lot just under half an acre, the property also features a new detached garage (2023). Located in established Crawford Place neighborhood within the Des Moines School District, close to downtown amenities.

Key facts

• New detached garage
• Full basement
• Spacious lot

Tags

• ENCLOSED FRONT PORCH
• FULL BASEMENT
• SPACIOUS LOT
• NEW DETACHED GARAGE
• CRAWFORD PLACE NEIGHBORHOOD
• DES MOINES SCHOOL DISTRICT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $153k.

Deal economics

• At list price, monthly cash flow is $-138 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $129k (15.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $123k (19.3% below list).
• Recommended offer: $123k (19.3% 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-, 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; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 43% 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 $1k of loan paydown is wiped out by about $5k 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 98 days — a 9% lower offer ($139k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $32k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $110k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $123,469 (19.3% 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 98 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.81% ✗
• Cap rate: 5.21%
• Cash-on-cash: -3.86%
• DSCR: 0.83
• GRM: 10.3

CMA / ARV

• ARV (median comp): $183,102
• List price: $153,000
• Delta: -16.44%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
336 E Broad St	0.00mi	2/1.0	1,255 (0%)	0mo	$135,000	$108	100
525 Broad St	0.64mi	2/1.0	1,257 (+0%)	0mo	$200,000	$159	70
202 E Olinda Ave	0.62mi	2/1.5	1,257 (+0%)	1mo	$166,000	$132	68
323 E Broad St	0.05mi	3/3.5 (+1)	1,372 (+9%)	2mo	$270,000	$197	66
307 Davis Ave	0.68mi	3/1.0 (+1)	1,248 (-1%)	5mo	$200,000	$160	58
608 E Virginia Ave	0.28mi	3/1.0 (+1)	1,088 (-13%)	3mo	$184,500	$170	58
80 Lacona Ave	0.47mi	2/1.0	1,428 (+14%)	0mo	$262,500	$184	55
119 E Park Ave	0.36mi	3/1.0 (+1)	1,092 (-13%)	3mo	$218,000	$200	54
226 E Bell Ave	0.30mi	3/2.0 (+1)	1,094 (-13%)	4mo	$175,200	$160	53
710 Creston Ave	0.74mi	2/1.0	1,170 (-7%)	2mo	$189,900	$162	52
711 Creston Ave	0.73mi	3/1.0 (+1)	1,158 (-8%)	0mo	$168,000	$145	48
404 Lacona Ave	0.57mi	3/2.0 (+1)	1,115 (-11%)	0mo	$240,000	$215	46

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: -22.2%
• Equity multiple: 0.23×
• Total profit: $-32,910
• Equity at exit: $22,813

10-year hold

• IRR: -14.9%
• Equity multiple: 0.13×
• Total profit: $-37,253
• Equity at exit: $13,229

Cash invested: $42,840 (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: 10.3×

Monthly cashflow live

• Estimated rent: $1,235 high
• Mortgage (P&I): −$802
• Tax from tax record: −$247 /mo · $2,964/yr
• Insurance: −$64
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $-138

Break-even live

Break-even rent $1,409

Max offer price $128,676

Occupancy floor —

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: $38,250
• Closing costs: $4,590
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
404 E Pleasant View Dr Des Moines, IA	3.0	2.0	936	$1,125	$1.20	44d	1	0.13mi
3130 Indianola Ave Des Moines, IA	1.0–2.0	1.0	900	$1,495	$1.66	44d	1	0.57mi
1201 E Bell Ave Des Moines, IA	3.0	2.0	1107	$1,100	$0.99	14d	1	0.58mi
315 Miller Ave Des Moines, IA	3.0	1.0	1018	$1,595	$1.57	44d	1	0.67mi
1627 E Glenwood Dr Des Moines, IA	3.0	1.0	1040	$1,295	$1.25	44d	1	1.01mi
700 Monona Ave Des Moines, IA	1.0–2.0	1.0	875	$1,100	$1.26	23d	3	1.06mi
100 Jackson Ave Des Moines, IA	3.0	1.0–2.0	885	$1,461	$1.65	14d	21	1.22mi
1405 SE 1st St Des Moines, IA	1.0–2.0	1.0–2.0	802	$1,435	$1.79	14d	8	1.23mi
311 E McKinley Ave Des Moines, IA	2.0	2.0	884	$785	$0.89	44d	1	1.26mi
4421 SE 14th St Unit 201 Des Moines, IA	3.0	2.0	1188	$1,050	$0.88	44d	1	1.27mi
211 E McKinley Ave Des Moines, IA	2.0–3.0	1.5–2.0	875	$847	$0.97	14d	4	1.29mi
1012 Carrie Ave Des Moines, IA	2.0	1.0	1100	$1,700	$1.55	21d	1	1.33mi
1328 Thomas Beck Rd Des Moines, IA	2.0	2.5	1616	$2,350	$1.45	23d	3	1.35mi
2323 E Porter Ave #27 Des Moines, IA	3.0	2.0	1214	$1,275	$1.05	23d	1	1.36mi

Listing history 15 events

1. 2026-05-06
   status Pending 504-char remark

   Show marketing remark (504 chars)

   Well-maintained South Des Moines bungalow with recent updates! This 2-bedroom, 1-bath home offers 1,525 sq. ft of finished living space and classic charm. Built in 1920, the one-story layout includes an enclosed front porch and a full basement for storage or future potential. Situated on a spacious lot just under half an acre, the property also features a new detached garage (2023). Located in established Crawford Place neighborhood within the Des Moines School District, close to downtown amenities.

2. 2026-04-24
   status Active 504-char remark

   Show marketing remark (504 chars)

   Well-maintained South Des Moines bungalow with recent updates! This 2-bedroom, 1-bath home offers 1,525 sq. ft of finished living space and classic charm. Built in 1920, the one-story layout includes an enclosed front porch and a full basement for storage or future potential. Situated on a spacious lot just under half an acre, the property also features a new detached garage (2023). Located in established Crawford Place neighborhood within the Des Moines School District, close to downtown amenities.

3. 2026-04-24
   price $153,000 504-char remark

   Show marketing remark (504 chars)

   Well-maintained South Des Moines bungalow with recent updates! This 2-bedroom, 1-bath home offers 1,525 sq. ft of finished living space and classic charm. Built in 1920, the one-story layout includes an enclosed front porch and a full basement for storage or future potential. Situated on a spacious lot just under half an acre, the property also features a new detached garage (2023). Located in established Crawford Place neighborhood within the Des Moines School District, close to downtown amenities.

4. 2026-04-17
   status Pending 504-char remark

   Show marketing remark (504 chars)

   Well-maintained South Des Moines bungalow with recent updates! This 2-bedroom, 1-bath home offers 1,525 sq. ft of finished living space and classic charm. Built in 1920, the one-story layout includes an enclosed front porch and a full basement for storage or future potential. Situated on a spacious lot just under half an acre, the property also features a new detached garage (2023). Located in established Crawford Place neighborhood within the Des Moines School District, close to downtown amenities.

5. 2026-04-06
   price $163,900 504-char remark

   Show marketing remark (504 chars)

   Well-maintained South Des Moines bungalow with recent updates! This 2-bedroom, 1-bath home offers 1,525 sq. ft of finished living space and classic charm. Built in 1920, the one-story layout includes an enclosed front porch and a full basement for storage or future potential. Situated on a spacious lot just under half an acre, the property also features a new detached garage (2023). Located in established Crawford Place neighborhood within the Des Moines School District, close to downtown amenities.

6. 2026-03-27
   price $168,900 504-char remark

   Show marketing remark (504 chars)

   Well-maintained South Des Moines bungalow with recent updates! This 2-bedroom, 1-bath home offers 1,525 sq. ft of finished living space and classic charm. Built in 1920, the one-story layout includes an enclosed front porch and a full basement for storage or future potential. Situated on a spacious lot just under half an acre, the property also features a new detached garage (2023). Located in established Crawford Place neighborhood within the Des Moines School District, close to downtown amenities.

7. 2026-02-23
   price $179,900 504-char remark

   Show marketing remark (504 chars)

   Well-maintained South Des Moines bungalow with recent updates! This 2-bedroom, 1-bath home offers 1,525 sq. ft of finished living space and classic charm. Built in 1920, the one-story layout includes an enclosed front porch and a full basement for storage or future potential. Situated on a spacious lot just under half an acre, the property also features a new detached garage (2023). Located in established Crawford Place neighborhood within the Des Moines School District, close to downtown amenities.

8. 2026-01-21
   listed $185,000 Active 504-char remark

   Show marketing remark (504 chars)

   Well-maintained South Des Moines bungalow with recent updates! This 2-bedroom, 1-bath home offers 1,525 sq. ft of finished living space and classic charm. Built in 1920, the one-story layout includes an enclosed front porch and a full basement for storage or future potential. Situated on a spacious lot just under half an acre, the property also features a new detached garage (2023). Located in established Crawford Place neighborhood within the Des Moines School District, close to downtown amenities.

9. 2023-01-25
   soldstatus $110,000
10. 2023-01-19
    soldstatus $106,000 Closed 279-char remark

    Show marketing remark (279 chars)

    Welcome home to this 2 bedroom ranch with a large yard on Des Moines South Side. Vinyl siding, vinyl windows, big original trim with roomy kitchen and bathroom. Cute back porch. Harwood floors in the bedrooms. Some updates needed that the seller is leaving up to your creativity.

11. 2022-12-19
    status Pending 279-char remark

    Show marketing remark (279 chars)

    Welcome home to this 2 bedroom ranch with a large yard on Des Moines South Side. Vinyl siding, vinyl windows, big original trim with roomy kitchen and bathroom. Cute back porch. Harwood floors in the bedrooms. Some updates needed that the seller is leaving up to your creativity.

12. 2022-11-02
    price $130,000 279-char remark

    Show marketing remark (279 chars)

    Welcome home to this 2 bedroom ranch with a large yard on Des Moines South Side. Vinyl siding, vinyl windows, big original trim with roomy kitchen and bathroom. Cute back porch. Harwood floors in the bedrooms. Some updates needed that the seller is leaving up to your creativity.

13. 2022-10-11
    price $157,000 279-char remark

    Show marketing remark (279 chars)

    Welcome home to this 2 bedroom ranch with a large yard on Des Moines South Side. Vinyl siding, vinyl windows, big original trim with roomy kitchen and bathroom. Cute back porch. Harwood floors in the bedrooms. Some updates needed that the seller is leaving up to your creativity.

14. 2022-09-28
    price $160,000 279-char remark

    Show marketing remark (279 chars)

    Welcome home to this 2 bedroom ranch with a large yard on Des Moines South Side. Vinyl siding, vinyl windows, big original trim with roomy kitchen and bathroom. Cute back porch. Harwood floors in the bedrooms. Some updates needed that the seller is leaving up to your creativity.

15. 2022-09-13
    listed $165,000 Active 279-char remark

    Show marketing remark (279 chars)

    Welcome home to this 2 bedroom ranch with a large yard on Des Moines South Side. Vinyl siding, vinyl windows, big original trim with roomy kitchen and bathroom. Cute back porch. Harwood floors in the bedrooms. Some updates needed that the seller is leaving up to your creativity.

ⓘ 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: $2,964 · $247/mo
• Projected year-2 tax: $2,964 · $247/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 3/10 Moderate
• 🌡 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: $14,816
• − Mortgage interest: −$8,570
• − Property taxes: −$2,964
• − Insurance: −$765
• − Repairs & maintenance: −$1,185
• − Management: −$1,185
• − Depreciation: −$4,451
• Taxable loss: −$4,305
• Est. tax savings @ 24.0%: +$1,033
• After-tax cash flow: $-619/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

-7.3% since first listed

15 events — show timeline

• 2026-05-06 Pending — DMMLS
• 2026-04-24 Relisted — DMMLS
• 2026-04-24 Price Changed $153,000 DMMLS
• 2026-04-17 Pending — DMMLS
• 2026-04-06 Price Changed $163,900 DMMLS
• 2026-03-27 Price Changed $168,900 DMMLS
• 2026-02-23 Price Changed $179,900 DMMLS
• 2026-01-21 Listed $185,000 DMMLS
• 2023-01-25 Sold (Public Records) $110,000 Public Records
• 2023-01-19 Sold (MLS) $106,000 DMMLS
• 2022-12-19 Pending — DMMLS
• 2022-11-02 Price Changed $130,000 DMMLS
• 2022-10-11 Price Changed $157,000 DMMLS
• 2022-09-28 Price Changed $160,000 DMMLS
• 2022-09-13 Listed $165,000 DMMLS

Property tax history

+5.7%/yr

Latest (2025): $2,964 · +16.5% YoY. Source: county tax records.