812 Euclid Ave · Des Moines, IA 50313

$160,000

3 bd · 1.5 ba · 1,279 sqft · SingleFamily public records · 234 Days on market

Built 1895 6,600 sqft lot $125/sqft · 7% below area Est $173k · 7% under

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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).

• Cash flow +11.3/30.0
• ARV discount +10.8/15.0
• Rent growth +5.0/5.0
• Livability +4.0/5.0
• Schools +3.8/10.0
• 1% rule +3.7/10.0
• DSCR +3.3/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully remodeled 3-bedroom, 2-bath home in the heart of Des Moines. From the moment you arrive, the crisp blue exterior and pop of color on the front door invite you inside to discover a space that feels brand new. Step into the light-filled living room featuring all-new flooring, fresh paint, and stylish updates throughout. The open layout flows into a warm dining area accented by a natural wood feature wall — perfect for everyday meals or weekend gatherings. The kitchen is a showstopper with new butcher block counters, stainless steel appliances, farmhouse sink, and sleek white cabinetry. Both bathrooms have been completely updated with clean, timeless finishes. A main-level bedroom offers convenience and flexibility, while two additional bedrooms upstairs provide ample space for family or guests. The upstairs offers an extra space for a home office, playroom, or cozy reading nook. Outside, you’ll find an additional storage shed. Every inch of this home has been thoughtfully updated: kitchen, baths, flooring, and paint — making it completely move-in ready.

Key facts

• Farmhouse sink
• 6,600 sq ft lot
• Built 1895

Tags

• LIGHT FILLED LIVING ROOM
• NATURAL WOOD FEATURE WALL
• BUTCHER BLOCK COUNTERS
• STAINLESS STEEL APPLIANCES
• FARMHOUSE SINK
• SLEEK WHITE CABINETRY

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $-59 ($-710/yr) — negative.
• To cash-flow at today's rent, offer at most $150k (6.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $140k (12.6% below list).
• Recommended offer: $140k (12.6% below list) — sets the bar for 1% rule.
• Cap rate 5.8% 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-, 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.
• Zoned schools: Oak Park (math 22% / reading 37%, grade F, #604 of 616 statewide, top 98%, 313 students, 88% FRL); Harding Middle School (math 31% / reading 30%, grade F, #245 of 246 statewide, top 100%, 655 students, 90% FRL); North High School (math 33% / reading 45%, grade F, #326 of 336 statewide, top 97%, 1,458 students, 87% FRL) — zoned schools average 88% FRL vs 63% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+13.1%/yr); 156 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 44% 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 234 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 21y ago; this cycle's ask has dropped $40k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $58k; list at $160k implies a 178% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1895 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $139,885 (12.6% 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 234 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. Built in 1895 — 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: 0.87% ✗
• Cap rate: 5.85%
• Cash-on-cash: -1.58%
• DSCR: 0.93
• GRM: 9.5

CMA / ARV

• ARV (median comp): $172,758
• List price: $160,000
• Delta: -7.38%
• 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
913 Clinton Ave	0.15mi	3/2.0	1,254 (-2%)	2mo	$222,500	$177	86
914 Douglas Ave	0.18mi	3/2.0	1,338 (+5%)	4mo	$312,000	$233	78
3837 3rd St	0.45mi	3/1.0	1,292 (+1%)	2mo	$229,900	$178	74
821 Douglas Ave	0.16mi	3/1.0	1,396 (+9%)	2mo	$216,500	$155	74
3836 8th Pl	0.25mi	3/1.5	1,369 (+7%)	4mo	$248,500	$182	74
1015 Euclid Ave	0.18mi	2/1.5 (-1)	1,168 (-9%)	2mo	$60,000	$51	70
3204 8th St	0.18mi	4/2.0 (+1)	1,362 (+6%)	5mo	$250,000	$184	70
3006 3rd St	0.48mi	2/1.0 (-1)	1,274 (-0%)	2mo	$227,000	$178	68
709 Oak Park Ave	0.08mi	4/2.5 (+1)	1,456 (+14%)	3mo	$164,000	$113	62
4002 10th St	0.44mi	3/2.0	1,425 (+11%)	2mo	$157,500	$111	56
3109 4th St	0.42mi	2/1.0 (-1)	1,156 (-10%)	2mo	$165,000	$143	56
2919 1st St	0.63mi	3/1.0	1,153 (-10%)	1mo	$135,000	$117	52

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -13.2%
• Equity multiple: 0.50×
• Total profit: $-22,243
• Equity at exit: $23,857

10-year hold

• IRR: 2.4%
• Equity multiple: 1.22×
• Total profit: $9,660
• Equity at exit: $13,834

Cash invested: $44,800 (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 50313

• Rents YoY: 13.1%
• Active inventory: 156
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,399 high
• Mortgage (P&I): −$839
• Tax from tax record: −$258 /mo · $3,102/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $-59

Break-even live

Break-even rent $1,474

Max offer price $149,554

Occupancy floor 99%

Sensitivity live

Price	-10% $31	-5% $-14	+0% $-59	+5% $-104	+10% $-150
Rent	-10% $-170	-5% $-114	+0% $-59	+5% $-4	+10% $51
Rate	-1.0pp $21	-0.5pp $-18	base $-59	+0.5pp $-101	+1.0pp $-143

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3410 5th Ave Des Moines, IA	4.0	2.0	1474	$1,550	$1.05	46d	1	0.22mi
4124 3rd St Des Moines, IA	3.0	1.0	996	$1,595	$1.60	16d	1	0.70mi
3103 E 7th St Des Moines, IA	2.0	1.0	960	$1,200	$1.25	46d	1	0.99mi
2501 24th St Des Moines, IA	2.0	1.0	910	$795	$0.87	25d	1	1.33mi
2501 24th St Apt 107 Des Moines, IA	3.0	2.0	950	$1,045	$1.10	16d	1	1.33mi
2501 24th St Apt 106 Des Moines, IA	4.0	2.0	1175	$1,245	$1.06	46d	1	1.33mi
2501 24th St Unit 121 Des Moines, IA	3.0	2.0	950	$995	$1.05	25d	1	1.33mi
2715 Douglas Ave Des Moines, IA	3.0	2.0	1109	$1,408	$1.27	16d	1	1.37mi
1714 College Ave Des Moines, IA	3.0	1.0	1015	$1,050	$1.03	46d	1	1.50mi

Listing history 28 events

1. 2026-06-21
   days on market $160,000 Active 234 DOM
2. 2026-06-18
   days on market $160,000 Active 231 DOM
3. 2026-06-17
   days on market $160,000 Active 230 DOM
4. 2026-06-16
   days on market $160,000 Active 229 DOM
5. 2026-06-15
   days on market $160,000 Active 228 DOM
6. 2026-06-14
   days on market $160,000 Active 226 DOM
7. 2026-06-13
   pricedays on market $160,000 Active 225 DOM
8. 2026-06-10
   days on market $170,000 Active 223 DOM
9. 2026-06-09
   days on market $170,000 Active 222 DOM
10. 2026-06-08
    days on market $170,000 Active 221 DOM
11. 2026-06-07
    days on market $170,000 Active 220 DOM
12. 2026-06-05
    days on market $170,000 Active 217 DOM
13. 2026-06-03
    days on market $170,000 Active 216 DOM
14. 2026-06-02
    days on market $170,000 Active 215 DOM
15. 2026-06-01
    days on market $170,000 Active 214 DOM
16. 2026-05-31
    days on market $170,000 Active 213 DOM
17. 2026-05-31
    days on market $170,000 Active 212 DOM
18. 2026-04-23
    price $170,000 1113-char remark

    Show marketing remark (1113 chars)

    Welcome to this beautifully remodeled 3-bedroom, 2-bath home in the heart of Des Moines. From the moment you arrive, the crisp blue exterior and pop of color on the front door invite you inside to discover a space that feels brand new. Step into the light-filled living room featuring all-new flooring, fresh paint, and stylish updates throughout. The open layout flows into a warm dining area accented by a natural wood feature wall — perfect for everyday meals or weekend gatherings. The kitchen is a showstopper with new butcher block counters, stainless steel appliances, farmhouse sink, and sleek white cabinetry. Both bathrooms have been completely updated with clean, timeless finishes. A main-level bedroom offers convenience and flexibility, while two additional bedrooms upstairs provide ample space for family or guests. The upstairs offers an extra space for a home office, playroom, or cozy reading nook. Outside, you’ll find an additional storage shed. Every inch of this home has been thoughtfully updated: kitchen, baths, flooring, and paint — making it completely move-in ready.

19. 2026-03-17
    price $180,000 1113-char remark

    Show marketing remark (1113 chars)

    Welcome to this beautifully remodeled 3-bedroom, 2-bath home in the heart of Des Moines. From the moment you arrive, the crisp blue exterior and pop of color on the front door invite you inside to discover a space that feels brand new. Step into the light-filled living room featuring all-new flooring, fresh paint, and stylish updates throughout. The open layout flows into a warm dining area accented by a natural wood feature wall — perfect for everyday meals or weekend gatherings. The kitchen is a showstopper with new butcher block counters, stainless steel appliances, farmhouse sink, and sleek white cabinetry. Both bathrooms have been completely updated with clean, timeless finishes. A main-level bedroom offers convenience and flexibility, while two additional bedrooms upstairs provide ample space for family or guests. The upstairs offers an extra space for a home office, playroom, or cozy reading nook. Outside, you’ll find an additional storage shed. Every inch of this home has been thoughtfully updated: kitchen, baths, flooring, and paint — making it completely move-in ready.

20. 2025-12-07
    price $190,000 1113-char remark

    Show marketing remark (1113 chars)

    Welcome to this beautifully remodeled 3-bedroom, 2-bath home in the heart of Des Moines. From the moment you arrive, the crisp blue exterior and pop of color on the front door invite you inside to discover a space that feels brand new. Step into the light-filled living room featuring all-new flooring, fresh paint, and stylish updates throughout. The open layout flows into a warm dining area accented by a natural wood feature wall — perfect for everyday meals or weekend gatherings. The kitchen is a showstopper with new butcher block counters, stainless steel appliances, farmhouse sink, and sleek white cabinetry. Both bathrooms have been completely updated with clean, timeless finishes. A main-level bedroom offers convenience and flexibility, while two additional bedrooms upstairs provide ample space for family or guests. The upstairs offers an extra space for a home office, playroom, or cozy reading nook. Outside, you’ll find an additional storage shed. Every inch of this home has been thoughtfully updated: kitchen, baths, flooring, and paint — making it completely move-in ready.

21. 2025-10-30
    listed $200,000 Active 1113-char remark

    Show marketing remark (1113 chars)

    Welcome to this beautifully remodeled 3-bedroom, 2-bath home in the heart of Des Moines. From the moment you arrive, the crisp blue exterior and pop of color on the front door invite you inside to discover a space that feels brand new. Step into the light-filled living room featuring all-new flooring, fresh paint, and stylish updates throughout. The open layout flows into a warm dining area accented by a natural wood feature wall — perfect for everyday meals or weekend gatherings. The kitchen is a showstopper with new butcher block counters, stainless steel appliances, farmhouse sink, and sleek white cabinetry. Both bathrooms have been completely updated with clean, timeless finishes. A main-level bedroom offers convenience and flexibility, while two additional bedrooms upstairs provide ample space for family or guests. The upstairs offers an extra space for a home office, playroom, or cozy reading nook. Outside, you’ll find an additional storage shed. Every inch of this home has been thoughtfully updated: kitchen, baths, flooring, and paint — making it completely move-in ready.

22. 2023-07-18
    historical
23. 2021-01-22
    soldstatus $57,600 Closed 408-char remark

    Show marketing remark (408 chars)

    1.5 Story home with spacious master and en suite bath. Large dining room or use as an office. Spacious kitchen with plenty of storage and mudroom/laundry area. Nice family room. Upstairs has two additional bedrooms and a half bath. Lots of newer windows, new sump, new water heater. Back deck and one car detached garage. One block to McHenry Park/Riverview and convenient to downtown and outdoor recreation.

24. 2020-12-23
    status Pending 408-char remark

    Show marketing remark (408 chars)

    1.5 Story home with spacious master and en suite bath. Large dining room or use as an office. Spacious kitchen with plenty of storage and mudroom/laundry area. Nice family room. Upstairs has two additional bedrooms and a half bath. Lots of newer windows, new sump, new water heater. Back deck and one car detached garage. One block to McHenry Park/Riverview and convenient to downtown and outdoor recreation.

25. 2020-12-23
    price $57,600 408-char remark

    Show marketing remark (408 chars)

    1.5 Story home with spacious master and en suite bath. Large dining room or use as an office. Spacious kitchen with plenty of storage and mudroom/laundry area. Nice family room. Upstairs has two additional bedrooms and a half bath. Lots of newer windows, new sump, new water heater. Back deck and one car detached garage. One block to McHenry Park/Riverview and convenient to downtown and outdoor recreation.

26. 2020-07-27
    listed $89,000 Active 408-char remark

    Show marketing remark (408 chars)

    1.5 Story home with spacious master and en suite bath. Large dining room or use as an office. Spacious kitchen with plenty of storage and mudroom/laundry area. Nice family room. Upstairs has two additional bedrooms and a half bath. Lots of newer windows, new sump, new water heater. Back deck and one car detached garage. One block to McHenry Park/Riverview and convenient to downtown and outdoor recreation.

27. 2005-11-07
    soldstatus $90,000
28. 2005-09-28
    listed $91,900

ⓘ 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: $3,102 · $258/mo
• Projected year-2 tax: $3,102 · $258/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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,786
• − Mortgage interest: −$8,962
• − Property taxes: −$3,102
• − Insurance: −$800
• − Repairs & maintenance: −$1,343
• − Management: −$1,343
• − Depreciation: −$4,655
• Taxable loss: −$3,419
• Est. tax savings @ 24.0%: +$820
• After-tax cash flow: $111/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): 17,440
• Household income: $68,361
• Rent vs Own: 23.1% rent · 76.9% own
• Severe rent burden: 454.0

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 61% Hispanic / Latino 17% Black 11% Two or more races 8% Asian 6%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Iranian 3% Portuguese 2% Scotch-Irish 2%
• Foreign-born: 16% · Canada, Philippines, Vietnam
• Languages at home: 75% English-only · Spanish 14% Other Asian/Pacific 4% Russian/Polish/Slavic 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: ▼ -162.17%
• Current HPI: 285.5708
• Rent YoY: ▲ 13.11%
• 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

+85.0% since first listed

11 events — show timeline

• 2026-04-23 Price Changed $170,000 DMMLS
• 2026-03-17 Price Changed $180,000 DMMLS
• 2025-12-07 Price Changed $190,000 DMMLS
• 2025-10-30 Listed $200,000 DMMLS
• 2023-07-18 Rental Removed — APPFOLIO
• 2021-01-22 Sold (MLS) $57,600 DMMLS
• 2020-12-23 Pending — DMMLS
• 2020-12-23 Price Changed $57,600 DMMLS
• 2020-07-27 Listed $89,000 DMMLS
• 2005-11-07 Sold (Public Records) $90,000 Public Records
• 2005-09-28 Listed $91,900 DMMLS

Property tax history

+5.8%/yr

Latest (2025): $3,102 · +2.0% YoY. Source: county tax records.