1601 E 12th StDavenportIA52803
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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 1601 E 12th St, Davenport, IA, 52803 generates $1,945/mo in rent and, after a $587/mo payment, leaves $1,166/mo in cash flow. Total monthly income is $1,945/mo, and annual cash flow is $13,993/yr on $39,762 invested. Return on cash invested sits at 55.1% in year one, and rental yield is 19.46% on a $119,947 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,139 over five years. Five-year ROI reaches 292.08% and total cumulative return in cash sums $116,139. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,945/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
8,712 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
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Listed by: Zach Frick • EXP REALTY, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4256388
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.