1871 Stone Gate CirDavenportIA52807
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who treat current yield as secondary to long-run equity growth will find 1871 Stone Gate Cir, Davenport, IA, 52807 in Davenport worth modelling. At $217,000 with a 10.09% gross yield, the $1,850/mo rent leaves $171/mo after the $976/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.90 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $59,953 by year five; $1,999/yr in principal reduction adds further equity. Total projected return: $96,529.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 7.8% |
| Monthly Cash Flow | $171 | $450 |
City averages based on Davenport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,850 |
| Total Monthly Debt Service | $1,563 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2005
N/A lot
$N/A/sqft
$240 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52807, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,810 (100%) |
| Owner Occupied HU | 3,935 (50.4%) |
| Renter Occupied HU | 3,252 (41.6%) |
| Vacant Housing Units | 623 ( 8.0%) |
| Median Home Value | $353,384 |
| Average Home Value | $375,546 |
Housing Distribution
Address Breakdown
Residential
7,570
Single Family
4,942
Multi-Family
2,628
Businesses
893
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
Condo
Built in 2005
N/A lot
$N/A/sqft
$240 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52807, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,810 (100%) |
| Owner Occupied HU | 3,935 (50.4%) |
| Renter Occupied HU | 3,252 (41.6%) |
| Vacant Housing Units | 623 ( 8.0%) |
| Median Home Value | $353,384 |
| Average Home Value | $375,546 |
Housing Distribution
Address Breakdown
Residential
7,570
Single Family
4,942
Multi-Family
2,628
Businesses
893
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices