5728 155th Pl · Urbandale, IA 50111

$225,000

3 bd · 2.5 ba · 1,475 sqft · Other public records · 45 Days on market

Built 2025 Good condition 1,307 sqft lot $153/sqft · at area comps Est $231k · at est. $195/mo HOA · 10% of rent

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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 +9.2/30.0
• ARV discount +8.6/15.0
• Schools +7.1/10.0
• Livability +4.5/5.0
• Condition / age +4.0/5.0
• 1% rule +3.9/10.0
• Rent growth +2.7/5.0
• DSCR +2.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

D. R. Horton, America's Builder presents: The Pearson. This Townhome is located in our Magnolia Heights community nestled against the beautiful countryside in Urbandale with access to Waukee Schools. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and an Attached Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Kitchen offers a dedicated pantry and an Island Over-Looking the dining and living spaces. On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a Walk-In Closet. You’ll also find the two additional Bedrooms, a full Bathroom, and Laundry Area! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology and DEAKO® light switches. This home is currently under construction. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances. Special financing is available through Builder’s preferred lender offering exceptionally low 30-year fixed FHA/VA and Conventional Rates. See Builder rep for details on how to save THOUSANDS of dollars!

Key facts

• Dual vanities
• Walk-in closet
• Dedicated pantry

Tags

• OPEN-CONCEPT MAIN LEVEL
• COZY FIREPLACE
• DEDICATED PANTRY
• PRIVATE ENSUITE BATHROOM
• DUAL VANITIES
• WALK-IN CLOSET

Property features AI

Finance

• HOA & community: Homeowners association (Magnolia HOA) with monthly fee of $195 (managed by Edge Property Management)

Exterior

• Parking: Attached 1-car garage
• Utilities: Public water; Public sewer
• Home design: 2-story property
• Construction: Vinyl siding; Asphalt shingle roof; Slab foundation; Built with vinyl siding
• Exterior features: Concrete road surface; Zoned residential

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Stove
• Bathrooms: 1 full bathroom; 1 three-quarter bathroom; 1 half bathroom
• Heating & cooling: Central air conditioning; Forced air heating; Gas / Natural gas heating
• Interior features: Electric fireplace
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath other listed at $225k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-167 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $201k (10.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $200k (11.0% below list).
• Recommended offer: $200k (11.0% below list) — sets the bar for 1% rule.
• Cap rate 5.4% 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; 329 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $2k of loan paydown is wiped out by about $7k 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 45 days — a 3% lower offer ($218k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $200,335 (11.0% 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 45 days. Have you received any prior offers? Is the seller open to a 11% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 0.89% ✗
• Cap rate: 5.40%
• Cash-on-cash: -3.19%
• DSCR: 0.86
• GRM: 9.4

CMA / ARV

• ARV (median comp): $230,557
• List price: $225,000
• Delta: -2.41%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.71% rent growth · sell at horizon

5-year hold

• IRR: -24.5%
• Equity multiple: 0.18×
• Total profit: $-51,477
• Equity at exit: $33,548

10-year hold

• IRR: -29.7%
• Equity multiple: -0.20×
• Total profit: $-75,622
• Equity at exit: $19,454

Cash invested: $63,000 (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 50111

• Home prices YoY: -11.1%
• Rents YoY: 0.7%
• Active inventory: 329
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $2,003 high
• Mortgage (P&I): −$1,180
• Tax est. 1.5%: −$281 /mo · $3,375/yr
• Insurance: −$94
• HOA: −$195
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $-167

Break-even live

Break-even rent $2,215

Max offer price $200,795

Occupancy floor —

Sensitivity live

Price	-10% $-12	-5% $-90	+0% $-167	+5% $-245	+10% $-323
Rent	-10% $-326	-5% $-246	+0% $-167	+5% $-88	+10% $-9
Rate	-1.0pp $-54	-0.5pp $-110	base $-167	+0.5pp $-226	+1.0pp $-285

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15133 Foxglove Ln Urbandale, IA	3.0	2.5	1529	$2,350	$1.54	16d	1	0.45mi
5437 155th St Urbandale, IA	3.0–4.0	2.5	1590	$1,969	$1.24	16d	8	0.50mi
15118 Deerview Dr Urbandale, IA	3.0	2.5	1600	$2,195	$1.37	45d	1	0.62mi
5506 144th St Urbandale, IA	3.0	2.5	1575	$1,875	$1.19	45d	1	0.63mi
14420 Springbrook Trl Grimes, IA	3.0	2.5	1575	$1,950	$1.24	16d	1	1.00mi

HOA detail

• Monthly dues: $195 · $2,340/yr

Listing history 21 events

1. 2026-06-21
   days on market $225,000 Active 45 DOM
2. 2026-06-18
   days on market $225,000 Active 42 DOM
3. 2026-06-17
   days on market $225,000 Active 41 DOM
4. 2026-06-16
   days on market $225,000 Active 40 DOM
5. 2026-06-15
   days on market $225,000 Active 39 DOM
6. 2026-06-14
   days on market $225,000 Active 37 DOM
7. 2026-06-13
   days on market $225,000 Active 36 DOM
8. 2026-06-10
   days on market $225,000 Active 34 DOM
9. 2026-06-09
   days on market $225,000 Active 33 DOM
10. 2026-06-08
    days on market $225,000 Active 32 DOM
11. 2026-06-07
    days on market $225,000 Active 31 DOM
12. 2026-06-05
    days on market $225,000 Active 28 DOM
13. 2026-06-03
    days on market $225,000 Active 27 DOM
14. 2026-06-02
    days on market $225,000 Active 26 DOM
15. 2026-06-01
    days on market $225,000 Active 25 DOM
16. 2026-05-31
    days on market $225,000 Active 24 DOM
17. 2026-05-31
    days on market $225,000 Active 23 DOM
18. 2026-05-07
    listed $225,000 Active 1069-char remark
19. 2025-06-17
    soldstatus $226,990 Closed 1276-char remark

    Show marketing remark (1276 chars)

    D. R. Horton, America's Builder presents: The Pearson. This Townhome is located in our Magnolia Heights community nestled against the beautiful countryside in Urbandale with access to Waukee Schools. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and an Attached Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Kitchen offers a dedicated pantry and an Island Over-Looking the dining and living spaces. On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a Walk-In Closet. You’ll also find the two additional Bedrooms, a full Bathroom, and Laundry Area! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology and DEAKO® light switches. This home is currently under construction. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances. Special financing is available through Builder’s preferred lender offering exceptionally low 30-year fixed FHA/VA and Conventional Rates. See Builder rep for details on how to save THOUSANDS of dollars!

20. 2025-05-27
    status Pending 1276-char remark

    Show marketing remark (1276 chars)

    D. R. Horton, America's Builder presents: The Pearson. This Townhome is located in our Magnolia Heights community nestled against the beautiful countryside in Urbandale with access to Waukee Schools. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and an Attached Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Kitchen offers a dedicated pantry and an Island Over-Looking the dining and living spaces. On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a Walk-In Closet. You’ll also find the two additional Bedrooms, a full Bathroom, and Laundry Area! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology and DEAKO® light switches. This home is currently under construction. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances. Special financing is available through Builder’s preferred lender offering exceptionally low 30-year fixed FHA/VA and Conventional Rates. See Builder rep for details on how to save THOUSANDS of dollars!

21. 2025-04-30
    listed $226,990 Active 1276-char remark

    Show marketing remark (1276 chars)

    D. R. Horton, America's Builder presents: The Pearson. This Townhome is located in our Magnolia Heights community nestled against the beautiful countryside in Urbandale with access to Waukee Schools. ALL APPLIANCES AND WINDOW BLINDS INCLUDED! This Two-Story Townhome boasts 3 Bedrooms, 2.5 Bathrooms, and an Attached Garage in a spacious open floorplan. As you enter the home, you’ll be greeted with a beautiful Great Room featuring a cozy fireplace. The Kitchen offers a dedicated pantry and an Island Over-Looking the dining and living spaces. On the second level, you’ll find the Primary Bedroom with an ensuite Bathroom featuring a dual vanity sink as well as a Walk-In Closet. You’ll also find the two additional Bedrooms, a full Bathroom, and Laundry Area! All D. R. Horton Iowa homes include our America’s Smart Home™ Technology and DEAKO® light switches. This home is currently under construction. Photos may be similar but not necessarily of subject property, including interior and exterior colors, finishes and appliances. Special financing is available through Builder’s preferred lender offering exceptionally low 30-year fixed FHA/VA and Conventional Rates. See Builder rep for details on how to save THOUSANDS of dollars!

ⓘ 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: $24,040
• − Mortgage interest: −$12,603
• − Property taxes: −$3,375
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,923
• − Management: −$1,923
• − HOA: −$2,340
• − Depreciation: −$6,545
• Taxable loss: −$5,795
• Est. tax savings @ 24.0%: +$1,391
• After-tax cash flow: $-616/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 in Magnolia Heights offers a good condition with minimal maintenance required, making it an attractive option for both resale and rental.

Value-add opportunities

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

Renovation cost estimate screening

Value-add ROI direction

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

ⓘ 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 — 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 · 453,298 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: 249.0

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 (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

-0.9% since first listed

4 events — show timeline

• 2026-05-07 Listed $225,000 DMMLS
• 2025-06-17 Sold (MLS) $226,990 DMMLS
• 2025-05-27 Pending — DMMLS
• 2025-04-30 Listed $226,990 DMMLS