CashFlowRE
Sign in Sign up
1025 NE 58th Ln
D Composite 42.44
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 +11.4/15.0
  • Schools +8.4/10.0
  • Cash flow +7.0/30.0
  • Livability +4.6/5.0
  • Condition / age +4.0/5.0
  • 1% rule +3.1/10.0
  • Rent growth +2.7/5.0
  • DSCR +1.2/10.0
  • Appreciation +0.0/10.0

$221,500

1025 NE 58th Ln · Ankeny, IA 50021
3 bd · 2.5 ba · 1,380 sqft · Townhouse public records · 117 Days on market
Built 2020 Good condition 2,450 sqft lot 2-car garage $161/sqft · 9% below area Est $243k · 9% under $162/mo HOA · 9% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Welcome to Northgate and our new Everly plan by Jerry's Homes, who has been building homes since 1957.Entering the main floor you'll enjoy the popular open floor plan with electric fireplace kitchen w/ white cabinets, breakfast bar plus eating area, quartz counters, tile backsplash, upgraded LVP flooring and 1/2 bath. Plenty of cabinet & closet space throughout. Upstairs are 3 bedrooms, 2 bathrooms & handy laundry room. Convenient attached garage, open patio & maintenance free living where snow removal & yard work is done for you. One year home warranty, washer, dryer & all appliances included. Located in north Ankeny, near I-35 access, Saylorville Lake, shopping and amenities.

Key facts

  • $162 HOA
  • 2 garage spots
  • Built 2020

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.5-bath townhouse listed at $222k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-328 ($-4k/yr) — negative.
  • To cash-flow at today's rent, offer at most $164k (26.2% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $180k (18.7% below list).
  • Recommended offer: $164k (26.2% below list) — sets the bar for cash-flow.
  • Cap rate 4.5% vs local median 2.9% in Ankeny — 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 92/100 on livability (#3 in IA, #29 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, employment A+, housing A+; Watch: commute C-.
  • North Polk Community School District (rural): math 87% / reading 84% proficiency, ranked #7 of 289 in IA (top 2%) — strong family-tenant draw, lease renewals of 3-5y typical; only 9% free/reduced lunch — higher-income household profile.
  • Zoned schools: North Polk Central Elementary School (math 83% / reading 72%, grade A, #101 of 616 statewide, top 16%, 342 students, 11% FRL); North Polk Middle School (math 85% / reading 87%, grade A+, #8 of 246 statewide, top 3%, 455 students, 10% FRL); North Polk High School (math 88% / reading 89%, grade A, #3 of 336 statewide, top 1%, 647 students, 10% FRL) — zoned schools at 10% FRL track the district average.
  • Market conditions: Rents flat; 992 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals lingering (median 62d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 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 $2k of loan paydown is wiped out by about $7k 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 117 days — a 9% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts since 6y 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.
Recommended offer $163,549 (26.2% 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 117 days. Have you received any prior offers? Is the seller open to a 26% 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
0.81%
Cap rate
4.52%
Cash-on-cash
-6.35%
DSCR
0.72
GRM
10.3

CMA / ARV

ARV (median comp)
$242,726
List price
$221,500
Delta
-8.74%
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
5718 NE Dawson Ln 0.04mi 3/2.5 1,380 (0%) 1mo $220,000 $159 97
1058 NE 57th Ln 0.04mi 3/2.5 1,380 (0%) 1mo $217,500 $158 97
1013 NE 58th Ln 0.01mi 2/2.5 (-1) 1,328 (-4%) 2mo $199,999 $151 87
5516 NE Briarwood Dr 0.13mi 2/2.0 (-1) 1,373 (-0%) 1mo $350,000 $255 86
5429 NE Briarwood Dr 0.15mi 2/2.0 (-1) 1,341 (-3%) 2mo $268,000 $200 80
1209 NE 56th St 0.25mi 3/3.0 1,300 (-6%) 1mo $327,500 $252 76
5718 NE Creek Ridge Dr 0.07mi 2/3.5 (-1) 1,521 (+10%) 1mo $439,990 $289 70
1028 NE 49th Ln 0.55mi 2/2.5 (-1) 1,238 (-10%) 2mo $196,000 $158 51
911 NE 49th Ln 0.57mi 2/2.5 (-1) 1,238 (-10%) 1mo $193,500 $156 50
4854 NE Mcdougal Ln 0.57mi 2/2.5 (-1) 1,238 (-10%) 1mo $200,000 $162 50
4833 NE Mcdougal Ln 0.60mi 2/2.5 (-1) 1,238 (-10%) 1mo $203,500 $164 49
4627 NE Mcdougal Ln 0.71mi 3/3.0 1,520 (+10%) 0mo $212,000 $139 48

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 · 0.92% rent growth · sell at horizon

5-year hold
IRR
-29.9%
Equity multiple
0.03×
Total profit
$-60,316
Equity at exit
$33,026
10-year hold
IRR
-45.3%
Equity multiple
-0.50×
Total profit
$-93,296
Equity at exit
$19,151

Cash invested: $62,020 (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.
Seller's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
13 active · 38 under contract
Months of supply
1.7 mo (60%/mo absorbed)
Median asking
$239,990 ($159/sqft)
Median days on market
62 d
This list price
31% of active listings are priced below it
ARV vs active asking
+10.7% above current asking $/sqft

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

ZIP-level market 50021

Rents YoY
0.9%
Active inventory
992
Price-to-rent
10.3×

Monthly cashflow live

Estimated rent
$1,801 high interval (Pro) →
Mortgage (P&I)
$1,162
Tax from tax record
$335 /mo · $4,016/yr
Insurance
$92
HOA
$162
Vacancy / Maint / Mgmt
$378
Net cashflow
$-328

Break-even live

Break-even rent $2,216
Max offer price $163,549
Occupancy floor

Sensitivity live

Price -10% $-203 -5% $-265 +0% $-328 +5% $-391 +10% $-453
Rent -10% $-470 -5% $-399 +0% $-328 +5% $-257 +10% $-186
Rate -1.0pp $-216 -0.5pp $-272 base $-328 +0.5pp $-385 +1.0pp $-444

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
$55,375
Closing costs
$6,645
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 28 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
5711 NE Lowell Ln Ankeny, IA 3.0 3.0 1380 $1,655 $1.20 62d 1 0.03mi
1424 NE 56th Ln Ankeny, IA 2.0–3.0 2.5 1658 $2,325 $1.40 0d 8 0.16mi
5007 NE McDougal Ln Unit 4921 Ankeny, IA 2.0 2.0 1036 $1,500 $1.45 61d 1 0.48mi
5007 NE McDougal Ln Unit 4916 McDougal Ankeny, IA 2.0 2.0 1036 $1,475 $1.42 61d 1 0.48mi
1005 NE Kamies Ln Ankeny, IA 3.0 2.5 1520 $1,725 $1.13 0d 1 0.72mi
1005 NE Kamies Ln Ankeny, IA 3.0 2.5 1520 $1,895 $1.25 62d 1 0.72mi
4543 NE McDougal Ln Ankeny, IA 3.0 3.5 1520 $1,895 $1.25 62d 1 0.76mi
4536 NE McDougal Ln Ankeny, IA 4.0 3.0 1520 $1,895 $1.25 62d 1 0.77mi
3921 NE Gardenia Ln Ankeny, IA 2.0 1.5 1300 $1,595 $1.23 139d 1 1.13mi
110 NE 46th Ln Ankeny, IA 2.0–3.0 2.0 1099 $1,400 $1.27 0d 2 1.14mi
223 NE 45th Ln Ankeny, IA 3.0 3.5 1628 $1,800 $1.11 0d 1 1.19mi
203 NE 45th Ln Ankeny, IA 3.0 2.5 1500 $1,650 $1.10 62d 1 1.20mi
3611 NE Otterview Cir Ankeny, IA 1.0–2.0 1.0–2.0 813 $1,775 $2.18 0d 15 1.29mi
170 NE 41st St Ankeny, IA 1.0–3.0 1.0–2.0 1158 $1,506 $1.30 0d 31 1.34mi
3707 NE Marissa Ln Ankeny, IA 3.0 2.5 1480 $1,795 $1.21 119d 1 1.39mi
3654 NE Kara Ln Ankeny, IA 2.0 2.0 1368 $1,950 $1.43 139d 1 1.40mi
3639 NE Kara Ln Ankeny, IA 2.0 2.0 1368 $1,800 $1.32 6d 1 1.40mi
3635 NE Kara Ln Ankeny, IA 3.0 2.0 1740 $1,900 $1.09 6d 1 1.40mi
3653 NE Marissa Ln Ankeny, IA 3.0 2.5 1740 $1,950 $1.12 62d 1 1.41mi
3649 NE Marissa Ln Ankeny, IA 3.0 2.5 1740 $1,900 $1.09 6d 1 1.41mi
3619 NE Kara Ln Ankeny, IA 3.0 2.5 1700 $1,900 $1.12 6d 1 1.42mi
3630 NE Kara Ln Ankeny, IA 2.0 2.0 1336 $1,900 $1.42 139d 1 1.42mi
3641 NE Marissa Ln Ankeny, IA 2.0 2.0 1336 $1,900 $1.42 119d 1 1.42mi
3648 NE Marissa Ln Ankeny, IA 3.0 2.5 1740 $1,900 $1.09 6d 1 1.43mi
3622 NE Kara Ln Ankeny, IA 3.0 2.5 1740 $1,950 $1.12 139d 1 1.43mi
3640 NE Marissa Ln Ankeny, IA 2.0 2.5 1400 $1,800 $1.29 6d 1 1.43mi
3624 NE Marissa Ln Ankeny, IA 3.0 3.0 1740 $1,950 $1.12 139d 1 1.45mi
3620 NE Marissa Ln Ankeny, IA 3.0 2.5 1740 $1,950 $1.12 62d 1 1.45mi

Property features AI

Finance

Other
Annual tax information available
HOA & community
Homeowners association (HOA Management Solutions / NorthGate East Rowhouses Assoc)HOA fee $162 monthlyHOA covers grounds and structure maintenance, snow removal, and trash

Exterior

Parking
Attached 2-car garage
Utilities
Public waterPublic sewer
Home design
2-story propertyAsphalt shingle roof
Construction
Asphalt shingle roof
Exterior features
Lot zoned residentialLot dimensions approximately 20 x 122.5

Interior

Kitchen
DishwasherMicrowaveRefrigeratorStove
Bathrooms
1 full bathroom1 three-quarter bathroom1 half bathroom
Heating & cooling
Forced air heating (natural gas)Central air conditioning
Interior features
Fireplace (1)Central air
Laundry & utility
WasherDryer

HOA detail $162/mo · $1,944/yr

Likely covers
electricsnow removal

Listing history 50 events

  1. 2026-09-23
    days on market $221,500 Active 117 DOM
  2. 2026-09-22
    days on market $221,500 Active 116 DOM
  3. 2026-09-21
    days on market $221,500 Active 115 DOM
  4. 2026-09-20
    days on market $221,500 Active 114 DOM
  5. 2026-09-19
    days on market $221,500 Active 113 DOM
  6. 2026-09-18
    days on market $221,500 Active 112 DOM
  7. 2026-09-17
    days on market $221,500 Active 111 DOM
  8. 2026-09-16
    days on market $221,500 Active 110 DOM
  9. 2026-09-15
    days on market $221,500 Active 109 DOM
  10. 2026-09-14
    days on market $221,500 Active 108 DOM
  11. 2026-09-13
    days on market $221,500 Active 107 DOM
  12. 2026-09-12
    days on market $221,500 Active 106 DOM
  13. 2026-09-11
    days on market $221,500 Active 105 DOM
  14. 2026-09-05
    days on market $221,500 Active 99 DOM
  15. 2026-09-04
    days on market $221,500 Active 98 DOM
  16. 2026-09-03
    days on market $221,500 Active 97 DOM
  17. 2026-08-31
    days on market $221,500 Active 94 DOM
  18. 2026-08-30
    days on market $221,500 Active 93 DOM
  19. 2026-08-29
    days on market $221,500 Active 92 DOM
  20. 2026-08-28
    days on market $221,500 Active 91 DOM
  21. 2026-08-27
    days on market $221,500 Active 90 DOM
  22. 2026-08-26
    days on market $221,500 Active 89 DOM
  23. 2026-08-25
    pricedays on market $221,500 Active 88 DOM
  24. 2026-08-24
    days on market $224,900 Active 87 DOM
  25. 2026-08-23
    days on market $224,900 Active 86 DOM
  26. 2026-08-22
    days on market $224,900 Active 85 DOM
  27. 2026-08-21
    days on market $224,900 Active 84 DOM
  28. 2026-08-20
    days on market $224,900 Active 83 DOM
  29. 2026-08-19
    days on market $224,900 Active 82 DOM
  30. 2026-08-18
    days on market $224,900 Active 81 DOM
  31. 2026-08-17
    days on market $224,900 Active 80 DOM
  32. 2026-08-16
    days on market $224,900 Active 79 DOM
  33. 2026-08-15
    days on market $224,900 Active 78 DOM
  34. 2026-08-14
    days on market $224,900 Active 77 DOM
  35. 2026-08-13
    days on market $224,900 Active 76 DOM
  36. 2026-08-12
    days on market $224,900 Active 75 DOM
  37. 2026-08-11
    days on market $224,900 Active 74 DOM
  38. 2026-08-10
    days on market $224,900 Active 73 DOM
  39. 2026-08-09
    days on market $224,900 Active 72 DOM
  40. 2026-08-08
    days on market $224,900 Active 71 DOM
  41. 2026-08-07
    days on market $224,900 Active 70 DOM
  42. 2026-08-06
    days on market $224,900 Active 69 DOM
  43. 2026-08-05
    days on market $224,900 Active 68 DOM
  44. 2026-08-04
    days on market $224,900 Active 67 DOM
  45. 2026-08-03
    days on market $224,900 Active 66 DOM
  46. 2026-07-31
    days on market $224,900 Active 63 DOM
  47. 2026-07-30
    days on market $224,900 Active 62 DOM
  48. 2026-07-29
    days on market $224,900 Active 61 DOM
  49. 2026-07-27
    days on market $224,900 Active 59 DOM
  50. 2026-07-25
    days on market $224,900 Active 57 DOM

ⓘ 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
$4,016 · $335/mo
Projected year-2 tax
$4,016 · $335/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 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 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$21,607
− Mortgage interest
−$12,407
− Property taxes
−$4,016
− Insurance
−$1,108
− Repairs & maintenance
−$1,729
− Management
−$1,729
− HOA
−$1,944
− Depreciation
−$6,444
Taxable loss
−$7,768
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,864
After-tax cash flow
$-2,072/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 $6,900–$20,700 screening

This 3-bedroom, 2.5-bathroom townhome is in good condition with modern updates and a good condition score. It's move-in ready with minor cosmetic improvements needed for optimal curb appeal and value.

Value-add opportunities

  • Both Paint exterior trim — Enhances curb appeal and value
  • Both Clean gutters — Improves drainage and property 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 84/100

Zoned Schools

Elementary North Polk Central Elementary School A IA #101/616 Nat'l #1,614/41,679 Middle North Polk Middle School A+ IA #8/246 Nat'l #104/14,009 High North Polk High School A IA #3/336 Nat'l #508/17,239

Schools (NCES district)

District
North Polk Community School District
NCES district ID
1920910
Math proficiency
87% ▼ -2.00%
Reading proficiency
84% ▼ -3.00%
Median HH income
$80,205
Composite
75.13/100
National rank
#140
State rank
#7 of 289 in IA
A Composite livability gradescore 92/100

Livability — Ankeny

Score
92/100
State rank
#3
US rank
#29

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Ankeny, IA
County
Polk County · 548,042 people
City population
76,589
Metro
Des Moines-West Des Moines, IA
Population (ZIP)
30,283
Household income
$99,572
Rent vs Own
25.5% rent · 74.5% own
Severe rent burden
10% of renters

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 (84%)
Race & ethnicity
White 84% Hispanic / Latino 6% Black 5% Two or more races 4% Asian 3%
Hispanic origin (detail)
Mexican 5%
Common ancestry
Italian 5% Portuguese 4% Iranian 3%
Foreign-born
6% · Canada, South Korea, Jamaica
Languages at home
91% English-only · Spanish 5% Russian/Polish/Slavic 1% 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

Price history

+16.5% since first listed
9 events — show timeline
  • 2026-05-29 Listed $224,900 DMMLS
  • 2021-06-30 Sold (MLS) $197,201 DMMLS
  • 2021-04-02 Pending DMMLS
  • 2021-03-10 Price Changed $197,201 DMMLS
  • 2021-01-23 Price Changed $195,201 DMMLS
  • 2021-01-20 Price Changed $196,201 DMMLS
  • 2021-01-06 Price Changed $193,201 DMMLS
  • 2020-12-21 Price Changed $192,731 DMMLS
  • 2020-09-21 Listed $192,981 DMMLS

Property tax history

+357.7%/yr

Latest (2025): $4,016 · +2.3% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…