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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Davenport at 1641 W 38th St, Davenport, IA, 52806 offers a 9.39% rental yield on a $129,000 purchase with $1,009/mo rent. Total monthly income registers $1,009/mo, and a $631/mo payment leaves $172/mo available for distribution. Annual cash flow reaches $2,059/yr on $42,764 to close, and return on cash invested stands at 24.72% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,640 over five years. Portfolio math shows five-year ROI at 129.11% and total cumulative return in cash at $55,213. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,009/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52806, Davenport, IA area.
| 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 |
Residential
12,064
Single Family
9,526
Multi-Family
2,538
Businesses
851
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Candace Reaves • Mel Foster Co. Davenport
Mls Name: RMLS Alliance
Mls ID: #QC4268306
