1607 W 8th StDavenportIA52802
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
Investment Highlights
Investment property for sale in Davenport at 1607 W 8th St, Davenport, IA, 52802 uses $37,294 cash to close to unlock $5,424/yr annual cash flow and $452/mo monthly cash flow. Total monthly income runs $1,183/mo, and a $551/mo payment keeps the spread at $452/mo. Purchase price stands at $112,500, and rental yield measures 12.62% with $1,183/mo rent. Return on cash invested shows 34.45% in year one, and 5% annual appreciation builds toward $31,082 over five years. Five-year ROI reaches 181.23% and total cumulative return in cash records $67,588. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,183/mo property income covering a $551/mo payment rather than investor’s personal income.
Multi Family
Built in 1902
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52802, Davenport, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,007
Single Family
3,914
Multi-Family
93
Businesses
345
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Zach Frick • EXP REALTY, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4262086
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.