15349 Coyote Dr · Urbandale, IA 50111

$206,990

3 bd · 2.5 ba · 1,418 sqft · Townhouse · 277 Days on market

Built 2025 Good condition 1,120 sqft lot $146/sqft · 9% below area Est $228k · 9% under $195/mo HOA · 10% of rent ↓ 4% since listing

---

Why this score? — see what drove the C- 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 +12.3/30.0
• ARV discount +11.6/15.0
• Schools +8.6/10.0
• 1% rule +4.7/10.0
• Livability +4.5/5.0
• Condition / age +4.0/5.0
• DSCR +3.7/10.0
• Rent growth +2.7/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 15349 Coyote Dr in Urbandale, IA. This two-story townhome offers 3 bedrooms, 2.5 bathrooms, and 1,418 sq. ft. of thoughtfully designed living space. Step into a welcoming entryway that leads to an open-concept main level-perfect for everyday living and entertaining. The kitchen is the heart of the home, featuring beautiful white cabinetry, sleek stainless steel appliances, and a large L-shaped island ideal for casual meals and gatherings. The dining area flows seamlessly into the great room, where an electric fireplace creates a cozy, inviting atmosphere. A conveniently located half bathroom and easy access to your 1-car garage complete the main level. Upstairs, retreat to the spacious primary bedroom with a large walk-in closet and an en-suite bathroom featuring dual vanities and a walk-in shower. Two additional bedrooms, a second full bathroom, and a centrally located laundry area provide comfort and convenience for all. This home comes with all appliances and blinds. Step into your new home at Magnolia Heights in Urbandale 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

• 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 townhouse listed at $207k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-37 ($-445/yr) — negative.
• To cash-flow at today's rent, offer at most $202k (2.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $201k (2.9% below list).
• Recommended offer: $182k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.1% 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: crime A+, amenities A+, employment 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.
• Zoned schools: Walnut Hills Elementary School (math 91% / reading 81%, grade A+, #26 of 616 statewide, top 4%, 625 students, 9% FRL); Waukee Middle School (math 83% / reading 81%, grade A+, #22 of 246 statewide, top 12%, 1,069 students, 12% FRL); Waukee High School (math 74% / reading 82%, grade A-, #53 of 336 statewide, top 16%, 1,268 students, 24% FRL) — zoned schools at 15% FRL track the district average.
• Market conditions: Rents flat; 457 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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).

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 277 days — a 12% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $33k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $182,151 (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 277 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. 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.
8. 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.
9. 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: 0.97% ✗
• Cap rate: 6.08%
• Cash-on-cash: -0.77%
• DSCR: 0.97
• GRM: 8.6

CMA / ARV

• ARV (median comp): $228,013
• List price: $206,990
• Delta: -9.22%
• 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
15344 Coyote Dr	0.03mi	3/2.5	1,418 (0%)	0mo	$209,990	$148	98
15347 Coyote Dr	0.01mi	3/2.5	1,418 (0%)	2mo	$212,490	$150	98
15367 Coyote Dr	0.01mi	3/2.5	1,418 (0%)	1mo	$209,990	$148	98
15369 Coyote Dr	0.02mi	3/2.5	1,418 (0%)	2mo	$226,990	$160	98
15342 Coyote Dr	0.03mi	3/2.5	1,418 (0%)	2mo	$218,990	$154	97
15368 Coyote Dr	0.03mi	3/2.5	1,418 (0%)	2mo	$227,590	$161	97
15363 Coyote Dr	0.01mi	3/2.5	1,418 (0%)	4mo	$214,990	$152	96
15348 Coyote Dr	0.03mi	3/2.5	1,418 (0%)	3mo	$230,000	$162	96
15346 Coyote Dr	0.03mi	3/2.5	1,418 (0%)	4mo	$222,990	$157	96
15340 Coyote Dr	0.03mi	3/2.5	1,418 (0%)	3mo	$232,990	$164	96
15365 Coyote Dr	0.01mi	3/2.5	1,418 (0%)	6mo	$214,990	$152	95
15366 Coyote Dr	0.03mi	3/2.5	1,418 (0%)	9mo	$229,990	$162	91

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 · 0.71% rent growth · sell at horizon

5-year hold

• IRR: -20.4%
• Equity multiple: 0.30×
• Total profit: $-40,284
• Equity at exit: $30,863

10-year hold

• IRR: -20.6%
• Equity multiple: 0.05×
• Total profit: $-55,263
• Equity at exit: $17,897

Cash invested: $57,957 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 15 active · 10 under contract
• Months of supply: 6.0 mo (17%/mo absorbed)
• Median asking: $249,500 ($161/sqft)
• Median days on market: 90 d
• This list price: 7% of active listings are priced below it
• ARV vs active asking: -0.4% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 50111

• Home prices YoY: -11.1%
• Rents YoY: 0.7%
• Active inventory: 457
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,011 high
• Mortgage (P&I): −$1,085
• Tax est. 1.5%: −$259 /mo · $3,105/yr
• Insurance: −$86
• HOA: −$195
• Vacancy / Maint / Mgmt: −$422
• Net cashflow: $-37

Break-even live

Break-even rent $2,058

Max offer price $201,620

Occupancy floor 97%

Sensitivity live

Price	-10% $106	-5% $34	+0% $-37	+5% $-109	+10% $-180
Rent	-10% $-196	-5% $-117	+0% $-37	+5% $42	+10% $122
Rate	-1.0pp $67	-0.5pp $16	base $-37	+0.5pp $-91	+1.0pp $-145

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: $51,748
• Closing costs: $6,210
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15120 Goldenrod Dr Urbandale, IA	3.0	2.5	1022	$2,250	$2.20	15d	1	0.41mi
15133 Foxglove Ln Urbandale, IA	3.0	2.5	1529	$2,195	$1.44	15d	1	0.42mi
5437 155th St Urbandale, IA	3.0–4.0	2.5	1590	$1,875	$1.18	15d	8	0.50mi
15231 Deerview Dr Urbandale, IA	3.0	2.5	1512	$2,300	$1.52	15d	1	0.52mi
5506 144th St Urbandale, IA	3.0	2.5	1575	$1,875	$1.19	93d	1	0.58mi
15118 Deerview Dr Urbandale, IA	3.0	2.5	1600	$2,195	$1.37	93d	1	0.59mi
5532 144th St Urbandale, IA	3.0	2.5	1511	$2,095	$1.39	15d	1	0.80mi
14420 Springbrook Trl Grimes, IA	3.0	2.5	1575	$1,950	$1.24	63d	1	0.96mi

HOA detail $195/mo · $2,340/yr

• Likely covers: electric

Listing history 50 events

1. 2026-08-08
   days on market $206,990 Active 277 DOM
2. 2026-08-07
   days on market $206,990 Active 276 DOM
3. 2026-08-06
   days on market $206,990 Active 275 DOM
4. 2026-08-05
   days on market $206,990 Active 274 DOM
5. 2026-08-04
   days on market $206,990 Active 273 DOM
6. 2026-08-03
   days on market $206,990 Active 272 DOM
7. 2026-07-31
   days on market $206,990 Active 269 DOM
8. 2026-07-30
   days on market $206,990 Active 268 DOM
9. 2026-07-29
   days on market $206,990 Active 267 DOM
10. 2026-07-25
    days on market $206,990 Active 263 DOM
11. 2026-07-24
    days on market $206,990 Active 262 DOM
12. 2026-07-23
    days on market $206,990 Active 261 DOM
13. 2026-07-22
    days on market $206,990 Active 260 DOM
14. 2026-07-22
    price $206,990 Active 259 DOM
15. 2026-07-21
    days on market $209,990 Active 259 DOM
16. 2026-07-18
    days on market $209,990 Active 256 DOM
17. 2026-07-16
    days on market $209,990 Active 254 DOM
18. 2026-07-16
    days on market $209,990 Active 253 DOM
19. 2026-07-14
    days on market $209,990 Active 252 DOM
20. 2026-07-14
    days on market $209,990 Active 251 DOM
21. 2026-07-12
    days on market $209,990 Active 250 DOM
22. 2026-07-11
    days on market $209,990 Active 249 DOM
23. 2026-07-10
    days on market $209,990 Active 248 DOM
24. 2026-07-10
    price $209,990 Active 247 DOM
25. 2026-07-09
    days on market $214,990 Active 247 DOM
26. 2026-07-08
    days on market $214,990 Active 246 DOM
27. 2026-07-07
    days on market $214,990 Active 245 DOM
28. 2026-07-06
    days on market $214,990 Active 244 DOM
29. 2026-07-05
    days on market $214,990 Active 243 DOM
30. 2026-07-04
    days on market $214,990 Active 242 DOM
31. 2026-07-03
    days on market $214,990 Active 241 DOM
32. 2026-07-02
    days on market $214,990 Active 240 DOM
33. 2026-07-01
    days on market $214,990 Active 239 DOM
34. 2026-06-30
    price $214,990 Active 238 DOM
35. 2026-06-30
    days on market $226,990 Active 238 DOM
36. 2026-06-29
    days on market $226,990 Active 237 DOM
37. 2026-06-28
    days on market $226,990 Active 236 DOM
38. 2026-06-28
    days on market $226,990 Active 235 DOM
39. 2026-06-27
    days on market $226,990 Active 234 DOM
40. 2026-06-25
    days on market $226,990 Active 232 DOM
41. 2026-06-23
    days on market $226,990 Active 230 DOM
42. 2026-06-21
    days on market $226,990 Active 229 DOM
43. 2026-06-18
    days on market $226,990 Active 226 DOM
44. 2026-06-17
    price $226,990 Active 225 DOM
45. 2026-06-17
    days on market $229,990 Active 225 DOM
46. 2026-06-16
    days on market $229,990 Active 224 DOM
47. 2026-06-15
    days on market $229,990 Active 223 DOM
48. 2026-06-14
    days on market $229,990 Active 221 DOM
49. 2026-06-13
    days on market $229,990 Active 220 DOM
50. 2026-06-10
    days on market $229,990 Active 218 DOM

ⓘ 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: $24,127
• − Mortgage interest: −$11,595
• − Property taxes: −$3,105
• − Insurance: −$1,035
• − Repairs & maintenance: −$1,930
• − Management: −$1,930
• − HOA: −$2,340
• − Depreciation: −$6,022
• Taxable loss: −$3,829
• Est. tax savings @ 24.0%: +$919
• After-tax cash flow: $474/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

Good 80/100 Cosmetic rehab Est. rehab $7,090–$21,270 screening

This home is in good condition with a good condition score of 80. It has a good kitchen, bathrooms, and flooring. The home is move-in ready with minor cosmetic repairs and maintenance needed.

Value-add opportunities

• Both Paint the exterior — Enhances curb appeal and can increase both resale and rental value. ↑
• Both Replace worn-out window treatments — Improves the home's aesthetic and can increase both resale and rental value. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

A Composite school gradezoned avg 86/100

Zoned Schools

Elementary Walnut Hills Elementary School A+ IA #26/616 Nat'l #458/41,679 High Northwest High School

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

A Composite livability gradescore 90/100

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 · 111,904 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: 8% of renters

---

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

-4.2% since first listed

13 events — show timeline

• 2026-05-08 Relisted — Zillow
• 2026-05-07 Relisted — DMMLS
• 2026-04-24 Delisted — Zillow
• 2026-03-06 Price Changed $229,990 DMMLS
• 2026-03-05 Price Changed $229,990 Zillow
• 2026-02-12 Price Changed $232,990 DMMLS
• 2026-02-12 Price Changed $232,990 Zillow
• 2025-11-08 Price Changed $234,990 Zillow
• 2025-11-07 Price Changed $239,990 Zillow
• 2025-11-07 Price Changed $234,990 Zillow
• 2025-11-06 Price Changed $234,990 DMMLS
• 2025-10-22 Listed $239,990 Zillow
• 2025-10-21 Listed $239,990 DMMLS