1004 Franklin AveDavenportIA52806
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Davenport at 1004 Franklin Ave, Davenport, IA, 52806 generates $2,094/mo in rent and, after a $1,354/mo payment, leaves $297/mo in cash flow. Total monthly income is $2,094/mo, and annual cash flow is $3,567/yr on $91,726 invested. Return on cash invested sits at 23.8% in year one, and rental yield is 9.08% on a $276,700 entry. Equity gained on principal adds $1,786/yr, while 5% annual appreciation builds toward $76,447 over five years. Five-year ROI reaches 124.13% and total cumulative return in cash sums $113,861. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,094/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52806, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,074 (100%) |
| Owner Occupied HU | 7,888 (60.3%) |
| Renter Occupied HU | 4,304 (32.9%) |
| Vacant Housing Units | 882 ( 6.7%) |
| Median Home Value | $204,372 |
| Average Home Value | $240,330 |
Housing Distribution
Address Breakdown
Residential
12,064
Single Family
9,526
Multi-Family
2,538
Businesses
851
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