1355 SE Waddell Way · Waukee, IA 50263

$330,000

4 bd · 2.5 ba · 2,156 sqft · Other public records · 88 Days on market

Built 2014 6,855 sqft lot $153/sqft · 18% below area Est $404k · 18% under $195/mo HOA · 8% 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).

• ARV discount +15.0/15.0
• Schools +7.1/10.0
• Cash flow +5.8/30.0
• Livability +4.2/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• 1% rule +2.1/10.0
• DSCR +0.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Check out this spacious 4 bedroom home in Glynn Village. Enjoy low maintenance living with lawn care and snow removal included, access to the clubhouse, swimming pool, and playground. Located one block from Centennial Park, this home features a large kitchen with updated stainless steel appliances (newer stove and microwave), a generous pantry, and a convenient mudroom off the kitchen. The kitchen opens to the dining area, where a patio door leads to the deck—ideal for indoor-outdoor living. The living room offers a gas fireplace and large windows that provide abundant natural light. The large front porch is a great place to relax and take in sunset views. Upstairs are 4 bedrooms, laundry with newer washer and dryer. The primary suite includes walk-in closet, en-suite bath with a walk-in shower and dual vanity. The hall bathroom features a full tub and dual vanity. The lower level includes a three-car garage and utility room with a new furnace. ACHOSA home warranty included for peace of mind!

Key facts

• Lawn care included
• Swimming pool
• Large kitchen

Tags

• LAWN CARE INCLUDED
• SNOW REMOVAL INCLUDED
• ACCESS TO CLUBHOUSE
• SWIMMING POOL
• PLAYGROUND
• LARGE KITCHEN

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath other listed at $330k.

Deal economics

• At list price, monthly cash flow is $-653 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $215k (34.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $234k (29.0% below list).
• Recommended offer: $215k (34.9% below list) — sets the bar for cash-flow.
• Cap rate 3.9% vs local median 3.0% in Waukee — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: Maple Grove Elementary School (math 83% / reading 78%, grade A+, #64 of 616 statewide, top 10%, 439 students, 34% FRL); South Middle School (math 78% / reading 77%, grade A+, #50 of 246 statewide, top 20%, 909 students, 26% FRL); Waukee High School (math 74% / reading 82%, grade A-, #53 of 336 statewide, top 16%, 1,268 students, 24% FRL) — zoned schools average 28% FRL vs 11% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.8%/yr); 891 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 88 days — a 6% lower offer ($310k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 12y 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.
• Current owner paid $244k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $214,716 (34.9% 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. It's been on market 88 days. Have you received any prior offers? Is the seller open to a 35% 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: 0.71% ✗
• Cap rate: 3.92%
• Cash-on-cash: -8.48%
• DSCR: 0.62
• GRM: 11.7

CMA / ARV

• ARV (median comp): $404,137
• List price: $330,000
• Delta: -18.34%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -32.7%
• Equity multiple: -0.06×
• Total profit: $-97,615
• Equity at exit: $49,204

10-year hold

• IRR: -46.6%
• Equity multiple: -0.61×
• Total profit: $-148,838
• Equity at exit: $28,532

Cash invested: $92,400 (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: 11.7×

Monthly cashflow live

• Estimated rent: $2,342 high
• Mortgage (P&I): −$1,731
• Tax from tax record: −$440 /mo · $5,280/yr
• Insurance: −$138
• HOA: −$195
• Vacancy / Maint / Mgmt: −$492
• Net cashflow: $-653

Break-even live

Break-even rent $3,168

Max offer price $214,716

Occupancy floor —

Sensitivity live

Price	-10% $-466	-5% $-559	+0% $-653	+5% $-746	+10% $-839
Rent	-10% $-838	-5% $-745	+0% $-653	+5% $-560	+10% $-468
Rate	-1.0pp $-486	-0.5pp $-569	base $-653	+0.5pp $-738	+1.0pp $-825

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: $82,500
• Closing costs: $9,900
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
207 SE Booth Ave Unit 207 Waukee, IA	3.0	3.0	2000	$2,250	$1.12	25d	1	0.10mi
1325 SE Centennial Pkwy Waukee, IA	2.0–3.0	2.0	1358	$2,561	$1.89	16d	9	0.20mi
165 Pleasant View Dr Waukee, IA	4.0	4.0	2300	$2,400	$1.04	25d	1	0.24mi
1860 Brodie St Waukee, IA	4.0	2.5	1589	$2,475	$1.56	16d	1	0.46mi
200 Corene Ave Waukee, IA	4.0	2.0	1410	$1,995	$1.41	20d	1	0.52mi
730 SE Booth Ave Waukee, IA	4.0	2.5	2163	$2,600	$1.20	16d	1	0.60mi
2300 SE Taylor Ct Waukee, IA	3.0	3.0	2400	$2,300	$0.96	16d	1	0.71mi
1422 SE Emerald Dr Waukee, IA	2.0–3.0	2.0–2.5	1312	$1,800	$1.37	23d	4	1.15mi
284 NW Caspian Ct Waukee, IA	4.0	2.5	1605	$2,195	$1.37	16d	1	1.46mi
330 NE Cardinal Ln Waukee, IA	4.0	3.0	1492	$2,500	$1.68	45d	1	1.48mi

HOA detail

• Monthly dues: $195 · $2,340/yr
• Likely covers: gaslandscapingsnow removalpool

Listing history 9 events

1. 2026-05-19
   status Pending 1013-char remark

   Show marketing remark (1013 chars)

   Check out this spacious 4 bedroom home in Glynn Village. Enjoy low maintenance living with lawn care and snow removal included, access to the clubhouse, swimming pool, and playground. Located one block from Centennial Park, this home features a large kitchen with updated stainless steel appliances (newer stove and microwave), a generous pantry, and a convenient mudroom off the kitchen. The kitchen opens to the dining area, where a patio door leads to the deck—ideal for indoor-outdoor living. The living room offers a gas fireplace and large windows that provide abundant natural light. The large front porch is a great place to relax and take in sunset views. Upstairs are 4 bedrooms, laundry with newer washer and dryer. The primary suite includes walk-in closet, en-suite bath with a walk-in shower and dual vanity. The hall bathroom features a full tub and dual vanity. The lower level includes a three-car garage and utility room with a new furnace. ACHOSA home warranty included for peace of mind!

2. 2026-03-13
   price $330,000 1013-char remark

   Show marketing remark (1013 chars)

   Check out this spacious 4 bedroom home in Glynn Village. Enjoy low maintenance living with lawn care and snow removal included, access to the clubhouse, swimming pool, and playground. Located one block from Centennial Park, this home features a large kitchen with updated stainless steel appliances (newer stove and microwave), a generous pantry, and a convenient mudroom off the kitchen. The kitchen opens to the dining area, where a patio door leads to the deck—ideal for indoor-outdoor living. The living room offers a gas fireplace and large windows that provide abundant natural light. The large front porch is a great place to relax and take in sunset views. Upstairs are 4 bedrooms, laundry with newer washer and dryer. The primary suite includes walk-in closet, en-suite bath with a walk-in shower and dual vanity. The hall bathroom features a full tub and dual vanity. The lower level includes a three-car garage and utility room with a new furnace. ACHOSA home warranty included for peace of mind!

3. 2026-02-20
   listed $340,000 Active 1013-char remark

   Show marketing remark (1013 chars)

   Check out this spacious 4 bedroom home in Glynn Village. Enjoy low maintenance living with lawn care and snow removal included, access to the clubhouse, swimming pool, and playground. Located one block from Centennial Park, this home features a large kitchen with updated stainless steel appliances (newer stove and microwave), a generous pantry, and a convenient mudroom off the kitchen. The kitchen opens to the dining area, where a patio door leads to the deck—ideal for indoor-outdoor living. The living room offers a gas fireplace and large windows that provide abundant natural light. The large front porch is a great place to relax and take in sunset views. Upstairs are 4 bedrooms, laundry with newer washer and dryer. The primary suite includes walk-in closet, en-suite bath with a walk-in shower and dual vanity. The hall bathroom features a full tub and dual vanity. The lower level includes a three-car garage and utility room with a new furnace. ACHOSA home warranty included for peace of mind!

4. 2018-05-07
   soldstatus $243,625
5. 2018-04-27
   soldstatus $244,000 Sold 995-char remark

   Show marketing remark (995 chars)

   Do not miss this amazing combination of Value + Amenities that this property offers! Welcome home to 1355 SE Waddell in Waukee and Welcome to Glynn Village! Enjoy your downtime and leave the snow removal and lawn care to someone else. While others are mowing in the summer you can be relaxing by the pool at the community clubhouse! This home (and also 75 SE Booth around the corner) are the two BEST PRICED two story homes in Waukee with a 3 car garage. If you have been looking for a 4 bedroom option, this is one worth looking at. The main floor has an incredibly open feel to it and the kitchen area is spacious as well. The kitchen offers granite counters, stainless steel appliances and a walk-in pantry. There is also plenty of room for a large kitchen table. Upstairs, you will find all 4 bedrooms, including the master, with its own bath and walk-in closet. This is great location, close to many schools and the interstate is an east commute from here as well. Come check it out today!

6. 2018-02-18
   listed $249,900 995-char remark

   Show marketing remark (995 chars)

   Do not miss this amazing combination of Value + Amenities that this property offers! Welcome home to 1355 SE Waddell in Waukee and Welcome to Glynn Village! Enjoy your downtime and leave the snow removal and lawn care to someone else. While others are mowing in the summer you can be relaxing by the pool at the community clubhouse! This home (and also 75 SE Booth around the corner) are the two BEST PRICED two story homes in Waukee with a 3 car garage. If you have been looking for a 4 bedroom option, this is one worth looking at. The main floor has an incredibly open feel to it and the kitchen area is spacious as well. The kitchen offers granite counters, stainless steel appliances and a walk-in pantry. There is also plenty of room for a large kitchen table. Upstairs, you will find all 4 bedrooms, including the master, with its own bath and walk-in closet. This is great location, close to many schools and the interstate is an east commute from here as well. Come check it out today!

7. 2014-10-22
   soldstatus $713,000
8. 2014-07-10
   historical
9. 2014-05-12
   listed $254,900

ⓘ 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: $5,280 · $440/mo
• Projected year-2 tax: $5,280 · $440/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 3/10 Moderate
• 🌡 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: $28,108
• − Mortgage interest: −$18,485
• − Property taxes: −$5,280
• − Insurance: −$1,650
• − Repairs & maintenance: −$2,249
• − Management: −$2,249
• − HOA: −$2,340
• − Depreciation: −$9,600
• Taxable loss: −$13,744
• Est. tax savings @ 24.0%: +$3,299
• After-tax cash flow: $-4,533/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

+29.5% since first listed

9 events — show timeline

• 2026-05-19 Pending — DMMLS
• 2026-03-13 Price Changed $330,000 DMMLS
• 2026-02-20 Listed $340,000 DMMLS
• 2018-05-07 Sold (Public Records) $243,625 Public Records
• 2018-04-27 Sold (MLS) $244,000 DMMLS
• 2018-02-18 Listed $249,900 DMMLS
• 2014-10-22 Sold (Public Records) $713,000 Public Records
• 2014-07-10 Listing Removed — DMMLS
• 2014-05-12 Listed $254,900 DMMLS

Property tax history

+104.7%/yr

Latest (2025): $5,280 · +1.7% YoY. Source: county tax records.