1611 W Garfield St, Davenport, IA, 52804 | $299/mo Cash Flow

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1611 W Garfield St, Davenport, IA, 52804 | $299/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Davenport at 1611 W Garfield St, Davenport, IA, 52804 offers a 9.35% rental yield on a $230,000 purchase with $1,793/mo rent. Total monthly income registers $1,793/mo, and a $1,126/mo payment leaves $299/mo available for distribution. Annual cash flow reaches $3,588/yr on $76,245 to close, and return on cash invested stands at 24.61% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 128.48% and total cumulative return in cash at $97,963. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,793/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1956

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Don't miss this opportunity. This well cared for ranch boasts 3 nice sized bedrooms on the main level. There is a bonus 4th bedroom in the finished basement that also offers a full bath and laundry room. Enter the home to spacious living room with an open view out the large front window. Pass through the new dining room sliding glass door to a large back deck with gazebo and fenced yard. It's a great place to cook out and gather or just quietly kick back with a lemonade and a good book. Updates in last 4 years include roof, sump pump, gazebo decking, and sliding glass door. You are going to want to see this one!

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