Chase Keller RE/MAX Concepts
States: Iowa
Counties: Polk, Story, Warren, Marshall, Jasper, Boone, Marion, Dallas, Madison
Cities and Towns: Des Moines, Urbandale, Johnston, Ankeny, Altoona, Polk City, Ames, Waukee, Clive, West Des Moines, Indianola, Marshalltown, Pleasant Hill
Licensed Since: 2019 | IA License # S63136000
About Chase Keller
I started investing at the age of 16 at the pushing of my parents. Before going to college, I bought and sold my first few properties. Once I decided to return to Iowa, I dove into investment Real Estate full time. I built up my own portfolio over the next 8 years before getting on the brokerage side as well. In that time, I also flipped a few properties, wholesaled for a while, and syndicated a large apartment complex. My main focus is completely on investment and commercial property and helping my clients build their portfolios as well.
Much of my client base is out of state, so you are in good hands with an active investor helping to build your team and ultimately build your portfolio.
Market Overview
Des Moines is a very stable real estate market compared to many other areas. With extremely low unemployment, growing jobs and population Des Moines offers a lot of long-term potential for investors. Iowa is one of the best states for landlord protections and is a friendly state to do business. Des Moines has been increasing in population and jobs as well because of the low cost of living, but the high standard of living.
A vibrant gem in the heart of the prairie, Des Moines is named for the river that snakes through the city. This is Iowa's capital (and the county seat of Polk County), and it is filled with things to do. From concerts at the historic Salisbury House to the collections at Des Moines Art Center, and from the 81 miles of hiking and biking trails to the Greater Des Moines Botanical Gardens, Des Moines offers so much that it was named one of the top 10 cities in which to live by US News.
Home to such companies as John Deere, Pioneer, Corteva, Meredith Corporation, Wells Fargo, Voya Financial, and Principal Financial Group, Des Moines is considered one of the nation's wealthiest cities.
Investment Price Points
Average Duplex price point is around $250,000. The best opportunity for cashflow is in the $200-250k range. Above $300k will generally have better appreciation, but starting to lower the cashflow. Good cash-flowing Single Family price points will vary from $150,000 to $300,000. Lower than that range will be a pretty low quality product and tenant. Above that range and the cashflow will start to compress.
Free Report: Demographic and Housing Data on the Des Moines Market
Would you like free demographic and housing data on the Des Moines Market? The report includes information on schools, income, employment, crime, average sale prices, fair market rents and more. You can get reports on the whole market or zero in on a specific zip code.
This report has all the info you need to help you decide if the Des Moines Market is right for you! Click here to get your free report.
