1609 Spring Green DrDavenportIA52804
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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
Investment property for sale in Davenport at 1609 Spring Green Dr, Davenport, IA, 52804 with 5% annual appreciation on a $338,000 basis while $1,993/mo rent supports operations. 75% in year one. Equity gained on principal adds $2,181/yr, and five-year appreciation sums $93,383 alongside rental yield of 7.08%. Five-year ROI measures 91.69% and total cumulative return in cash totals $102,734. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,993/mo property income versus a $1,654/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1999
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52804, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,538 (100%) |
| Owner Occupied HU | 7,301 (63.3%) |
| Renter Occupied HU | 3,354 (29.1%) |
| Vacant Housing Units | 883 ( 7.7%) |
| Median Home Value | $160,594 |
| Average Home Value | $209,304 |
Housing Distribution
Address Breakdown
Residential
11,281
Single Family
9,737
Multi-Family
1,544
Businesses
330
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Listed by: Tyler Ritter • KW 1Advantage
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261803
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.