1622 W 37th StDavenportIA52806
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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 1622 W 37th St, Davenport, IA, 52806 offers a 10.95% rental yield on a $127,500 purchase with $1,163/mo rent. Total monthly income registers $1,163/mo, and a $624/mo payment leaves $335/mo available for distribution. Annual cash flow reaches $4,020/yr on $42,266 to close, and return on cash invested stands at 29.42% in year one. Equity gained on principal adds $823/yr while 5% annual appreciation supports $35,226 over five years. Portfolio math shows five-year ROI at 154.25% and total cumulative return in cash at $65,194. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,163/mo property income against a $624/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52806, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,074 (100%) |
| Owner Occupied HU | 7,888 (60.3%) |
| Renter Occupied HU | 4,304 (32.9%) |
| Vacant Housing Units | 882 ( 6.7%) |
| Median Home Value | $204,372 |
| Average Home Value | $240,330 |
Housing Distribution
Address Breakdown
Residential
12,064
Single Family
9,526
Multi-Family
2,538
Businesses
851
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Listed by: Donna Arnold • Keller Williams Legacy Group
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4262624
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.