14327 Aurora Ave · Urbandale, IA 50323

$424,900

4 bd · 2.5 ba · 1,837 sqft · Other public records · 13 Days on market

Built 2015 0.35 ac lot

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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 +7.5/15.0
• Appreciation +7.4/10.0
• Schools +7.1/10.0
• Livability +4.5/5.0
• Cash flow +3.6/30.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

4-bdrm, 3-bath 2-story by Savannah Homes. Open floor plan with all the extras. Great room with FP. Spacious kitchen with large center island, pantry, eat-in area, granite counters, and SS apps. Drop locker and cov'd deck are also included. Master bdrm has a tray ceiling, walk-in-closet, and attached bath with a dual vanity. Don't miss the . 35-acre lot which is 230' deep providing an enormous backyard. Buyer receives up to $2k in closing costs and lender will waive the origination fee when HomeServices Lending is used.

Key facts

• Stainless appliances
• Eat in dining area
• Updated home

Tags

• UPDATED HOME
• FLOOR TO CEILING STONEWORK
• GRANITE COUNTERTOPS
• CENTER ISLAND
• STAINLESS APPLIANCES
• EAT IN DINING AREA

Property features AI

Exterior

• Parking: Attached three-car garage
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: Two-story home
• Construction: Asphalt shingle roof; Block foundation; Below-grade finished area (basement) — 700
• Exterior features: Deck; Covered deck/porch; Open deck; Patio; Fire pit; Fully fenced yard (wood, full)

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Stove
• Bedrooms: Upper-level laundry (bedroom levels not specified)
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom; 2 three-quarter bathrooms; 1 half bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Dining area; Eat-in kitchen; Window treatments; Finished basement with egress windows; Electric fireplace (1)
• Laundry & utility: Washer; Dryer; Laundry located on upper level

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath other listed at $425k.

Deal economics

• At list price, monthly cash flow is $-1k ($-15k/yr) — negative.
• To cash-flow at today's rent, offer at most $202k (52.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $202k (52.5% below list).
• Recommended offer: $202k (52.5% below list) — sets the bar for 1% rule.

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: 378 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 1,503 units permitted in Dallas County in 2024 (630 in 5+ unit buildings).
• This rent is only 14% of the median local income ($176k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• In year one you build about $23k of equity ($3k loan paydown + $20k appreciation (4.8% local appreciation)).
• Dallas County population projected at +74% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 11y 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.
• Current owner paid $260k; list at $425k implies a 63% gain — meaningful room to come down on a strong offer.

Recommended offer $201,892 (52.5% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.48% ✗
• Cap rate: 2.73%
• Cash-on-cash: -12.72%
• DSCR: 0.43
• GRM: 17.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

4.81% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 1.7%
• Equity multiple: 1.11×
• Total profit: $12,965
• Equity at exit: $235,830

10-year hold

• IRR: 5.0%
• Equity multiple: 1.93×
• Total profit: $110,905
• Equity at exit: $402,971

Cash invested: $118,972 (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 50323

• Home prices YoY: 2.5%
• Active inventory: 378
• Price-to-rent: 17.5×

Monthly cashflow live

• Estimated rent: $2,019 high
• Mortgage (P&I): −$2,228
• Tax from tax record: −$450 /mo · $5,404/yr
• Insurance: −$177
• HOA: −$0
• Vacancy / Maint / Mgmt: −$424
• Net cashflow: $-1,261

Break-even live

Break-even rent $3,615

Max offer price $202,201

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: $106,225
• Closing costs: $12,747
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4454 142nd St Urbandale, IA	1.0–3.0	1.0–2.0	949	$1,384	$1.46	14d	6	0.19mi
4015 154th St Urbandale, IA	3.0	2.5	1428	$2,295	$1.61	19d	1	0.72mi
4307 154th St Urbandale, IA	3.0	2.5	1445	$1,850	$1.28	23d	1	0.78mi
14420 Springbrook Trl Grimes, IA	3.0	2.5	1575	$1,950	$1.24	14d	1	1.12mi
15118 Deerview Dr Urbandale, IA	3.0	2.5	1600	$2,195	$1.37	44d	1	1.28mi
5437 155th St Urbandale, IA	3.0–4.0	2.5	1590	$2,096	$1.32	14d	8	1.42mi
3701 161st St Urbandale, IA	5.0	4.0	2252	$3,150	$1.40	44d	1	1.43mi
15133 Foxglove Ln Urbandale, IA	3.0	2.5	1529	$2,350	$1.54	14d	1	1.45mi

Listing history 10 events

1. 2026-04-16
   status Pending
2. 2026-04-03
   listed $424,900 Active
3. 2026-03-31
   historical
4. 2026-01-15
   price $424,900
5. 2025-11-10
   price $429,900
6. 2025-10-21
   price $435,000
7. 2025-10-08
   price $437,500
8. 2025-09-30
   listed $440,000 Active
9. 2015-10-30
   soldstatus $260,000 524-char remark

   Show marketing remark (524 chars)

   4-bdrm, 3-bath 2-story by Savannah Homes. Open floor plan with all the extras. Great room with FP. Spacious kitchen with large center island, pantry, eat-in area, granite counters, and SS apps. Drop locker and cov'd deck are also included. Master bdrm has a tray ceiling, walk-in-closet, and attached bath with a dual vanity. Don't miss the . 35-acre lot which is 230' deep providing an enormous backyard. Buyer receives up to $2k in closing costs and lender will waive the origination fee when HomeServices Lending is used.

10. 2015-04-13
    listed $258,900 524-char remark

    Show marketing remark (524 chars)

    4-bdrm, 3-bath 2-story by Savannah Homes. Open floor plan with all the extras. Great room with FP. Spacious kitchen with large center island, pantry, eat-in area, granite counters, and SS apps. Drop locker and cov'd deck are also included. Master bdrm has a tray ceiling, walk-in-closet, and attached bath with a dual vanity. Don't miss the . 35-acre lot which is 230' deep providing an enormous backyard. Buyer receives up to $2k in closing costs and lender will waive the origination fee when HomeServices Lending is used.

ⓘ 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: $5,404 · $450/mo
• Projected year-2 tax: $6,037 · $503/mo
• Expected delta: +$633/yr (+$53/mo · 11.7%)

ⓘ 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,227
• − Mortgage interest: −$23,801
• − Property taxes: −$5,404
• − Insurance: −$2,124
• − Repairs & maintenance: −$1,938
• − Management: −$1,938
• − Depreciation: −$12,361
• Taxable loss: −$23,340
• Est. tax savings @ 24.0%: +$5,601
• After-tax cash flow: $-9,526/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: 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): 17,265
• Household income: $175,944
• Rent vs Own: 12.8% rent · 87.2% own
• Severe rent burden: 63.0

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 (86%)
• Race & ethnicity: White 86% Asian 6% Two or more races 4% Hispanic / Latino 3% Black 2%
• Common ancestry: Portuguese 6% Iranian 5% Lithuanian 2%
• Foreign-born: 7% · Canada, China, Philippines
• Languages at home: 92% English-only · Russian/Polish/Slavic 2% Chinese 1% Spanish 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: ▲ 4.81%
• Current HPI: 199.789
• Rent YoY: —
• 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

+64.1% since first listed

10 events — show timeline

• 2026-04-16 Pending — DMMLS
• 2026-04-03 Listed $424,900 DMMLS
• 2026-03-31 Listing Removed — DMMLS
• 2026-01-15 Price Changed $424,900 DMMLS
• 2025-11-10 Price Changed $429,900 DMMLS
• 2025-10-21 Price Changed $435,000 DMMLS
• 2025-10-08 Price Changed $437,500 DMMLS
• 2025-09-30 Listed $440,000 DMMLS
• 2015-10-30 Sold (MLS) $260,000 DMMLS
• 2015-04-13 Listed $258,900 DMMLS

Property tax history

+93.8%/yr

Latest (2025): $5,404 · +1.9% YoY. Source: county tax records.