1053 NW Yorktown Dr · Waukee, IA 50263

$329,900

3 bd · 2.5 ba · 1,538 sqft · Other · 279 Days on market

Built 2025 6,098 sqft lot $214/sqft · 9% below area Est $362k · 9% under $33/mo HOA · 1% of rent ↓ 16% 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 +11.5/15.0
• Schools +7.1/10.0
• Cash flow +6.8/30.0
• Livability +4.2/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0
• DSCR +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this new Waukee community Alder Point! This neighborhood features many home plans that includes the Lansing two-story. This main floor features open-concept living with a fireplace kitchen with a pantry. The upper level features three bedrooms, two bathrooms and a laundry room. 15-year water proofing foundation, LVP flooring, passive radon system and more! Great location within walking distance of Waukee Triumph Park and Northwest High School! Hubbell Homes' Preferred Lenders offer $1750 in closing costs. Not valid with any other offer and subject to change without notice.

Key facts

• Pantry
• Passive radon system
• Fireplace kitchen

Tags

• OPEN-CONCEPT LIVING
• FIREPLACE KITCHEN
• PANTRY
• WATER PROOFING FOUNDATION
• LVP FLOORING
• PASSIVE RADON SYSTEM

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath other listed at $330k.

Deal economics

• At list price, monthly cash flow is $-517 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $255k (22.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $227k (31.1% below list).
• Recommended offer: $227k (31.1% below list) — sets the bar for 1% rule.
• Cap rate 4.4% vs local median 3.0% in Waukee — 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 84/100 on livability (#22 in IA, #682 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, employment A+; Watch: amenities F, 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: Rents rising (+1.8%/yr); 886 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $2k of loan paydown is wiped out by about $10k 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 279 days — a 12% lower offer ($290k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $37k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $227,369 (31.1% 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 279 days. Have you received any prior offers? Is the seller open to a 31% 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: 0.69% ✗
• Cap rate: 4.41%
• Cash-on-cash: -6.71%
• DSCR: 0.70
• GRM: 12.1

CMA / ARV

• ARV (median comp): $362,250
• List price: $329,900
• Delta: -8.93%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.82% rent growth · sell at horizon

5-year hold

• IRR: -29.2%
• Equity multiple: 0.04×
• Total profit: $-88,977
• Equity at exit: $49,189

10-year hold

• IRR: -35.2%
• Equity multiple: -0.41×
• Total profit: $-130,320
• Equity at exit: $28,524

Cash invested: $92,372 (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 50263

• Rents YoY: 1.8%
• Active inventory: 886
• Price-to-rent: 12.1×

Monthly cashflow live

• Estimated rent: $2,274 high
• Mortgage (P&I): −$1,730
• Tax est. 1.5%: −$412 /mo · $4,948/yr
• Insurance: −$137
• HOA: −$33
• Vacancy / Maint / Mgmt: −$477
• Net cashflow: $-517

Break-even live

Break-even rent $2,928

Max offer price $255,141

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: $82,475
• Closing costs: $9,897
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
655 NW Williamsburg Ln Waukee, IA	4.0	2.5	1875	$2,445	$1.30	14d	1	0.10mi
1110 NW Sproul Dr Waukee, IA	4.0	3.0	2028	$2,800	$1.38	23d	1	0.19mi
1283 NW Williamsburg Ln Unit 1 Waukee, IA	4.0	3.0	1410	$2,495	$1.77	14d	1	0.29mi
289 NW Charlestown Ln Waukee, IA	4.0	2.5	1767	$2,200	$1.25	43d	1	0.35mi
1036 NW Richmond Rd Waukee, IA	3.0	2.5	1450	$1,750	$1.21	23d	1	0.35mi
191 NW Lexington Dr Waukee, IA	1.0–2.0	1.0–2.0	911	$2,845	$3.12	14d	8	0.48mi
350 NW 6th St Waukee, IA	1.0–3.0	1.0–3.5	1163	$2,308	$1.98	14d	20	0.61mi
395 NW Blackberry St Waukee, IA	2.0	2.0	1349	$1,989	$1.47	14d	3	0.67mi
284 NW Caspian Ct Waukee, IA	4.0	2.5	1605	$2,195	$1.37	14d	1	1.04mi
1008 Maple St Waukee, IA	2.0	2.5	1524	$1,875	$1.23	14d	1	1.10mi
122 NW Pike Cir Waukee, IA	4.0	2.5	1809	$2,495	$1.38	43d	1	1.13mi
175 NW Common Pl Waukee, IA	1.0–3.0	1.0–2.5	929	$1,775	$1.91	14d	10	1.18mi
330 NE Cardinal Ln Waukee, IA	4.0	3.0	1492	$2,500	$1.68	43d	1	1.49mi

HOA detail

• Monthly dues: $33 · $396/yr
• Likely covers: water

Listing history 32 events

1. 2026-06-18
   days on market $329,900 Active 279 DOM
2. 2026-06-17
   days on market $329,900 Active 278 DOM
3. 2026-06-16
   remarks 699-char remark
4. 2026-06-16
   days on market $329,900 Active 277 DOM
5. 2026-06-15
   days on market $329,900 Active 276 DOM
6. 2026-06-14
   days on market $329,900 Active 274 DOM
7. 2026-06-13
   days on market $329,900 Active 273 DOM
8. 2026-06-10
   days on market $329,900 Active 271 DOM
9. 2026-06-09
   days on market $329,900 Active 270 DOM
10. 2026-06-08
    days on market $329,900 Active 269 DOM
11. 2026-06-07
    days on market $329,900 Active 268 DOM
12. 2026-06-05
    pricedays on market $329,900 Active 265 DOM
13. 2026-06-03
    days on market $334,900 Active 264 DOM
14. 2026-06-02
    days on market $334,900 Active 263 DOM
15. 2026-06-01
    days on market $334,900 Active 262 DOM
16. 2026-05-31
    days on market $334,900 Active 261 DOM
17. 2026-05-31
    days on market $334,900 Active 260 DOM
18. 2026-04-29
    price $337,500 590-char remark

    Show marketing remark (590 chars)

    Welcome to this new Waukee community Alder Point! This neighborhood features many home plans that includes the Lansing two-story. This main floor features open-concept living with a fireplace kitchen with a pantry. The upper level features three bedrooms, two bathrooms and a laundry room. 15-year water proofing foundation, LVP flooring, passive radon system and more! Great location within walking distance of Waukee Triumph Park and Northwest High School! Hubbell Homes' Preferred Lenders offer $1750 in closing costs. Not valid with any other offer and subject to change without notice.

19. 2026-04-28
    price $337,500 590-char remark

    Show marketing remark (590 chars)

    Welcome to this new Waukee community Alder Point! This neighborhood features many home plans that includes the Lansing two-story. This main floor features open-concept living with a fireplace kitchen with a pantry. The upper level features three bedrooms, two bathrooms and a laundry room. 15-year water proofing foundation, LVP flooring, passive radon system and more! Great location within walking distance of Waukee Triumph Park and Northwest High School! Hubbell Homes' Preferred Lenders offer $1750 in closing costs. Not valid with any other offer and subject to change without notice.

20. 2026-04-10
    price $339,900 590-char remark

    Show marketing remark (590 chars)

    Welcome to this new Waukee community Alder Point! This neighborhood features many home plans that includes the Lansing two-story. This main floor features open-concept living with a fireplace kitchen with a pantry. The upper level features three bedrooms, two bathrooms and a laundry room. 15-year water proofing foundation, LVP flooring, passive radon system and more! Great location within walking distance of Waukee Triumph Park and Northwest High School! Hubbell Homes' Preferred Lenders offer $1750 in closing costs. Not valid with any other offer and subject to change without notice.

21. 2026-04-09
    price $339,900 590-char remark

    Show marketing remark (590 chars)

    Welcome to this new Waukee community Alder Point! This neighborhood features many home plans that includes the Lansing two-story. This main floor features open-concept living with a fireplace kitchen with a pantry. The upper level features three bedrooms, two bathrooms and a laundry room. 15-year water proofing foundation, LVP flooring, passive radon system and more! Great location within walking distance of Waukee Triumph Park and Northwest High School! Hubbell Homes' Preferred Lenders offer $1750 in closing costs. Not valid with any other offer and subject to change without notice.

22. 2026-03-13
    price $344,900 590-char remark

    Show marketing remark (590 chars)

    Welcome to this new Waukee community Alder Point! This neighborhood features many home plans that includes the Lansing two-story. This main floor features open-concept living with a fireplace kitchen with a pantry. The upper level features three bedrooms, two bathrooms and a laundry room. 15-year water proofing foundation, LVP flooring, passive radon system and more! Great location within walking distance of Waukee Triumph Park and Northwest High School! Hubbell Homes' Preferred Lenders offer $1750 in closing costs. Not valid with any other offer and subject to change without notice.

23. 2026-03-12
    price $344,900 590-char remark

    Show marketing remark (590 chars)

    Welcome to this new Waukee community Alder Point! This neighborhood features many home plans that includes the Lansing two-story. This main floor features open-concept living with a fireplace kitchen with a pantry. The upper level features three bedrooms, two bathrooms and a laundry room. 15-year water proofing foundation, LVP flooring, passive radon system and more! Great location within walking distance of Waukee Triumph Park and Northwest High School! Hubbell Homes' Preferred Lenders offer $1750 in closing costs. Not valid with any other offer and subject to change without notice.

24. 2026-02-13
    price $349,900 590-char remark

    Show marketing remark (590 chars)

    Welcome to this new Waukee community Alder Point! This neighborhood features many home plans that includes the Lansing two-story. This main floor features open-concept living with a fireplace kitchen with a pantry. The upper level features three bedrooms, two bathrooms and a laundry room. 15-year water proofing foundation, LVP flooring, passive radon system and more! Great location within walking distance of Waukee Triumph Park and Northwest High School! Hubbell Homes' Preferred Lenders offer $1750 in closing costs. Not valid with any other offer and subject to change without notice.

25. 2026-02-12
    price $349,900 590-char remark

    Show marketing remark (590 chars)

    Welcome to this new Waukee community Alder Point! This neighborhood features many home plans that includes the Lansing two-story. This main floor features open-concept living with a fireplace kitchen with a pantry. The upper level features three bedrooms, two bathrooms and a laundry room. 15-year water proofing foundation, LVP flooring, passive radon system and more! Great location within walking distance of Waukee Triumph Park and Northwest High School! Hubbell Homes' Preferred Lenders offer $1750 in closing costs. Not valid with any other offer and subject to change without notice.

26. 2026-01-01
    price $354,900 590-char remark

    Show marketing remark (590 chars)

    Welcome to this new Waukee community Alder Point! This neighborhood features many home plans that includes the Lansing two-story. This main floor features open-concept living with a fireplace kitchen with a pantry. The upper level features three bedrooms, two bathrooms and a laundry room. 15-year water proofing foundation, LVP flooring, passive radon system and more! Great location within walking distance of Waukee Triumph Park and Northwest High School! Hubbell Homes' Preferred Lenders offer $1750 in closing costs. Not valid with any other offer and subject to change without notice.

27. 2025-12-31
    price $354,900 590-char remark

    Show marketing remark (590 chars)

    Welcome to this new Waukee community Alder Point! This neighborhood features many home plans that includes the Lansing two-story. This main floor features open-concept living with a fireplace kitchen with a pantry. The upper level features three bedrooms, two bathrooms and a laundry room. 15-year water proofing foundation, LVP flooring, passive radon system and more! Great location within walking distance of Waukee Triumph Park and Northwest High School! Hubbell Homes' Preferred Lenders offer $1750 in closing costs. Not valid with any other offer and subject to change without notice.

28. 2025-10-03
    listed $366,900 Active 590-char remark

    Show marketing remark (590 chars)

    Welcome to this new Waukee community Alder Point! This neighborhood features many home plans that includes the Lansing two-story. This main floor features open-concept living with a fireplace kitchen with a pantry. The upper level features three bedrooms, two bathrooms and a laundry room. 15-year water proofing foundation, LVP flooring, passive radon system and more! Great location within walking distance of Waukee Triumph Park and Northwest High School! Hubbell Homes' Preferred Lenders offer $1750 in closing costs. Not valid with any other offer and subject to change without notice.

29. 2025-10-01
    price $366,900 590-char remark

    Show marketing remark (590 chars)

    Welcome to this new Waukee community Alder Point! This neighborhood features many home plans that includes the Lansing two-story. This main floor features open-concept living with a fireplace kitchen with a pantry. The upper level features three bedrooms, two bathrooms and a laundry room. 15-year water proofing foundation, LVP flooring, passive radon system and more! Great location within walking distance of Waukee Triumph Park and Northwest High School! Hubbell Homes' Preferred Lenders offer $1750 in closing costs. Not valid with any other offer and subject to change without notice.

30. 2025-09-16
    price $369,900 590-char remark

    Show marketing remark (590 chars)

    Welcome to this new Waukee community Alder Point! This neighborhood features many home plans that includes the Lansing two-story. This main floor features open-concept living with a fireplace kitchen with a pantry. The upper level features three bedrooms, two bathrooms and a laundry room. 15-year water proofing foundation, LVP flooring, passive radon system and more! Great location within walking distance of Waukee Triumph Park and Northwest High School! Hubbell Homes' Preferred Lenders offer $1750 in closing costs. Not valid with any other offer and subject to change without notice.

31. 2025-09-12
    listed $389,900 Active 590-char remark

    Show marketing remark (590 chars)

    Welcome to this new Waukee community Alder Point! This neighborhood features many home plans that includes the Lansing two-story. This main floor features open-concept living with a fireplace kitchen with a pantry. The upper level features three bedrooms, two bathrooms and a laundry room. 15-year water proofing foundation, LVP flooring, passive radon system and more! Great location within walking distance of Waukee Triumph Park and Northwest High School! Hubbell Homes' Preferred Lenders offer $1750 in closing costs. Not valid with any other offer and subject to change without notice.

32. 2025-08-20
    soldstatus $404,000

ⓘ 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: $27,284
• − Mortgage interest: −$18,480
• − Property taxes: −$4,948
• − Insurance: −$1,650
• − Repairs & maintenance: −$2,183
• − Management: −$2,183
• − HOA: −$396
• − Depreciation: −$9,597
• Taxable loss: −$12,152
• Est. tax savings @ 24.0%: +$2,916
• After-tax cash flow: $-3,283/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 — Waukee

• Score: 84/100
• State rank: #22
• US rank: #682

Category grades

Amenities F 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: Waukee, IA
• County: Dallas County · 77,082 people
• City population: 29,611
• Metro: Des Moines-West Des Moines, IA
• Population (ZIP): 29,611
• Household income: $102,762
• Rent vs Own: 33.0% rent · 67.0% own
• Severe rent burden: 468.0

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 (77%)
• Race & ethnicity: White 77% Two or more races 7% Asian 6% Hispanic / Latino 6% Black 4%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Portuguese 3% Lithuanian 3% Iranian 3%
• Foreign-born: 13% · Canada, India
• Languages at home: 85% English-only · Other Asian/Pacific 3% Spanish 3% Arabic 2%

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: ▼ -97.95%
• Current HPI: 169.2421
• Rent YoY: ▲ 1.82%
• 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

-16.5% since first listed

15 events — show timeline

• 2026-04-29 Price Changed $337,500 Zillow
• 2026-04-28 Price Changed $337,500 DMMLS
• 2026-04-10 Price Changed $339,900 Zillow
• 2026-04-09 Price Changed $339,900 DMMLS
• 2026-03-13 Price Changed $344,900 Zillow
• 2026-03-12 Price Changed $344,900 DMMLS
• 2026-02-13 Price Changed $349,900 Zillow
• 2026-02-12 Price Changed $349,900 DMMLS
• 2026-01-01 Price Changed $354,900 Zillow
• 2025-12-31 Price Changed $354,900 DMMLS
• 2025-10-03 Listed $366,900 Zillow
• 2025-10-01 Price Changed $366,900 DMMLS
• 2025-09-16 Price Changed $369,900 DMMLS
• 2025-09-12 Listed $389,900 DMMLS
• 2025-08-20 Sold (Public Records) $404,000 Public Records

Property tax history

+0.0%/yr

Latest (2025): $6 · +0.0% YoY. Source: county tax records.