325 Juniper Dr · Waukee, IA 50263

$257,000

3 bd · 2.5 ba · 1,547 sqft · Other public records · 16 Days on market

Built 2023 Good condition 1,307 sqft lot $175/mo HOA · 8% of rent ↓ 25% 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).

• Cash flow +9.3/30.0
• ARV discount +7.5/15.0
• Schools +7.1/10.0
• Livability +4.2/5.0
• Condition / age +4.0/5.0
• 1% rule +3.8/10.0
• Rent growth +3.0/5.0
• DSCR +2.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

* MOVE-IN READY! * D. R. Horton, America’s Builder, presents the Sydney. ALL APPLIANCES AND WINDOW BLINDS INCLUDED!! This two-story townhome boasts 3 bedrooms, 2.5 bathrooms, and a 2-car garage. Upon entering the home an open floor plan greets you with a space that includes a cozy fireplace. The gorgeous kitchen features a large island perfect for food prep or entertaining family and friends and a generous pantry. Upstairs you’ll find a beautiful primary bedroom with ensuite bathroom featuring a double vanity sink, walk-in shower, and spacious closet for all your storage needs. The upper level includes two additional bedrooms, a full bathroom, and a conveniently located laundry area. This home comes with all the benefits of new construction! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology and comes with an industry-leading suite of smart home products. Video doorbell, garage door control, lighting, door lock, thermostat, and voice - all controlled through one convenient app! Also included are DEAKO® decorative plug-n-play light switches. These can easily be upgraded to smart switches, dimmer switches or motion switches with no wiring needed to give you the freedom to personalize your lighting for your lifestyle. This home is currently under construction. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances.

Key facts

• $175 HOA
• 2 garage spots
• Built 2023

Property features AI

Finance

• HOA & community: Homeowners association (Painted Woods South TH HOA) managed by Edge Property Management; Association fee $175 per month; HOA covers grounds maintenance, structure maintenance, and snow removal

Exterior

• Parking: Attached two-car garage
• Utilities: Public water; Public sewer
• Home design: Two-story townhouse/attached home; Resale condition
• Construction: Vinyl siding; Asphalt shingle roof; Poured slab foundation
• Exterior features: Open patio

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Stove
• Flooring: Carpet
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Central air conditioning; Forced air heating; Gas / natural gas heating
• Interior features: Dining area; Electric fireplace (1)
• Laundry & utility: Washer; Dryer; Laundry on upper level

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath other listed at $257k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-187 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $224k (12.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $227k (11.9% below list).
• Recommended offer: $224k (12.9% below list) — sets the bar for cash-flow.
• Cap rate 5.4% 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: crime A+, employment A+, housing 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.
• Zoned schools: Waukee Elementary School (math 86% / reading 77%, grade A+, #60 of 616 statewide, top 10%, 682 students, 20% 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).
• Market conditions: Rents rising (+1.8%/yr); 891 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $8k 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 16 days — a 2% lower offer ($253k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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 $223,904 (12.9% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.88% ✗
• Cap rate: 5.42%
• Cash-on-cash: -3.12%
• DSCR: 0.86
• GRM: 9.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -22.9%
• Equity multiple: 0.22×
• Total profit: $-56,078
• Equity at exit: $38,320

10-year hold

• IRR: -21.0%
• Equity multiple: -0.03×
• Total profit: $-74,209
• Equity at exit: $22,221

Cash invested: $71,960 (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: 891
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,265 medium
• Mortgage (P&I): −$1,348
• Tax from tax record: −$347 /mo · $4,166/yr
• Insurance: −$107
• HOA: −$175
• Vacancy / Maint / Mgmt: −$476
• Net cashflow: $-187

Break-even live

Break-even rent $2,503

Max offer price $223,904

Occupancy floor —

Sensitivity live

Price	-10% $-42	-5% $-115	+0% $-187	+5% $-260	+10% $-333
Rent	-10% $-366	-5% $-277	+0% $-187	+5% $-98	+10% $-8
Rate	-1.0pp $-58	-0.5pp $-122	base $-187	+0.5pp $-254	+1.0pp $-322

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: $64,250
• Closing costs: $7,710
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3681 Jasmine Ln Waukee, IA	3.0	2.5	1464	$2,235	$1.53	15d	13	0.91mi
3681 Jasmine Ln Unit HOME1 Waukee, IA	3.0	2.5	1511	$2,545	$1.68	45d	1	0.91mi
3681 Jasmine Ln Unit HOME94 Waukee, IA	3.0	2.5	1418	$2,375	$1.67	45d	1	0.91mi

HOA detail

• Monthly dues: $175 · $2,100/yr

Listing history 12 events

1. 2026-06-21
   days on market $257,000 Active 16 DOM
2. 2026-06-18
   days on market $257,000 Active 13 DOM
3. 2026-06-17
   days on market $257,000 Active 12 DOM
4. 2026-06-16
   days on market $257,000 Active 11 DOM
5. 2026-06-15
   days on market $257,000 Active 10 DOM
6. 2026-06-14
   days on market $257,000 Active 8 DOM
7. 2026-06-13
   days on market $257,000 Active 7 DOM
8. 2026-06-10
   days on market $257,000 Active 5 DOM
9. 2026-06-09
   days on market $257,000 Active 4 DOM
10. 2026-06-08
    days on market $257,000 Active 3 DOM
11. 2026-06-07
    remarks 693-char remark
12. 2026-06-07
    listed $257,000 Active 2 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: $4,166 · $347/mo
• Projected year-2 tax: $4,166 · $347/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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,184
• − Mortgage interest: −$14,396
• − Property taxes: −$4,166
• − Insurance: −$1,285
• − Repairs & maintenance: −$2,175
• − Management: −$2,175
• − HOA: −$2,100
• − Depreciation: −$7,476
• Taxable loss: −$6,589
• Est. tax savings @ 24.0%: +$1,581
• After-tax cash flow: $-667/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

This move-in ready townhome offers a good condition with a good condition score of 80. It's a great opportunity for both homeowners and investors.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value
• Both Replace window screens — Improves comfort and energy efficiency
• Both Install smart home devices — Attracts tech-savvy buyers and renters

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace window screens — Improves comfort and energy efficiency ↑
• Both Install smart home devices — Attracts tech-savvy buyers and renters ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

-25.1% since first listed

13 events — show timeline

• 2026-06-05 Listed $257,000 DMMLS
• 2025-12-04 Listing Removed — DMMLS
• 2025-09-15 Price Changed $257,000 DMMLS
• 2025-09-08 Price Changed $264,000 DMMLS
• 2025-08-21 Listed $269,900 DMMLS
• 2023-10-17 Sold (MLS) $249,990 DMMLS
• 2023-09-20 Pending — DMMLS
• 2023-09-05 Price Changed $249,990 DMMLS
• 2023-08-22 Price Changed $254,990 DMMLS
• 2023-06-20 Price Changed $259,990 DMMLS
• 2023-05-23 Price Changed $264,990 DMMLS
• 2023-05-09 Listed $259,990 DMMLS
• 2023-03-10 Sold (Public Records) $343,000 Public Records

Property tax history

+3127.2%/yr

Latest (2025): $4,166 · +104050.0% YoY. Source: county tax records.