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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Davenport at 1004 S Michigan Ave, Davenport, IA, 52802 at $124,900 posts ROI 36.9% with $586/mo cash flow from $1,397/mo rent. Total monthly income equals $1,397/mo, and annual cash flow records $7,034/yr on $41,404 to close. Return on cash invested measures 36.9% and rental yield reads 13.42% at the current $124,900. Equity gained on principal adds $806/yr, and 5% annual appreciation supports $34,508 by year five. Five-year ROI prints 194.47% and total cumulative return in cash totals $80,518.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,397/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52802, Davenport, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,693 (100%) |
| Owner Occupied HU | 2,363 (50.4%) |
| Renter Occupied HU | 1,717 (36.6%) |
| Vacant Housing Units | 613 (13.1%) |
| Median Home Value | $87,477 |
| Average Home Value | $161,155 |
Residential
4,007
Single Family
3,914
Multi-Family
93
Businesses
345
Date | Event | Price |
|---|---|---|
| 2025-06-20 | Sold | $124,900 |
| 2025-05-19 | Pending sale | $124,900 |
| 2025-05-10 | Listed for sale | $124,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $1608.00 | -0.86% | $102,700 | N/A |
| 2023-10-21 | $1622.00 | -0.49% | $102,700 | 35.24% |
| 2022-10-21 | $1630.00 | 2.77% | $75,940 | N/A |
Listed by: Scott Ryder • EXIT Realty Fireside
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4263120
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-21 05:02:51 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#564)
