product

markets

method

2323 E Porter Ave, Des Moines, IA 50320 — $145,000 · 2bd · ~1.2% rule | OnePercent

2323 E Porter Ave, Des Moines, IA 50320

$145,000

Home·Des Moines 50320·2323 E Porter Ave, Des Moines, IA 50320

Confirmed in the last few hours · −12.1% since list · seller motivation 50

2323 E Porter Ave, Des Moines, IA 50320

2 bd · 2 ba · 1,014 sqft · built 2003 · Des Moines · TOWNHOMES·source listing ↗

$145,000

$165,000 first listed

seller intel

Price cut

−12.1%

from $165,000

Motivation score

50/100

OnePercent model (vv1)$1,688/mo

p10–p90 confidence band

HUD Fair Market Rent · 50320 · 2BR$1,260/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Polk

Flood risk indexRelatively Low FEMA NRI

Median household income$85,105

Median area rent$1,166/mo

Median home value$216,900

the verdict

1.16%vs 0.9% target

financing: 20% down · — (FRED, live) · 30yr

$145,000

1.16% · rent $1,688

Intrinsic value · income approach

$268,899

46% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.