1330 Mississippi AveDavenportIA52803
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1330 Mississippi Ave, Davenport, IA, 52803 in Davenport speaks for itself: 19.85% gross on a $122,000 price, generating $2,018/mo in rent and $1,197/mo in net income after the $549/mo debt service. DSCR 3.68, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $14,365 stacks alongside $33,706 in projected five-year appreciation and $1,124/yr in principal reduction. Projected total cumulative return: $123,546.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19.9% | 7.8% |
| Monthly Cash Flow | $1,197 | $450 |
City averages based on Davenport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,018 |
| Total Monthly Debt Service | $773 |
| DSCR Ratio | 2.61x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1910
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52803, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,710 (100%) |
| Owner Occupied HU | 5,364 (50.1%) |
| Renter Occupied HU | 3,944 (36.8%) |
| Vacant Housing Units | 1,402 (13.1%) |
| Median Home Value | $168,301 |
| Average Home Value | $239,310 |
Housing Distribution
Address Breakdown
Residential
9,455
Single Family
8,525
Multi-Family
930
Businesses
422
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1910
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52803, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,710 (100%) |
| Owner Occupied HU | 5,364 (50.1%) |
| Renter Occupied HU | 3,944 (36.8%) |
| Vacant Housing Units | 1,402 (13.1%) |
| Median Home Value | $168,301 |
| Average Home Value | $239,310 |
Housing Distribution
Address Breakdown
Residential
9,455
Single Family
8,525
Multi-Family
930
Businesses
422
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Erika Letcher • Milltown Realty, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4260853
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.