2039 E 60th StDavenportIA52807
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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 2039 E 60th St, Davenport, IA, 52807 uses $151,827 cash to close to unlock $5,901/yr annual cash flow and $492/mo monthly cash flow. Total monthly income runs $3,486/mo, and a $2,242/mo payment keeps the spread at $492/mo. Purchase price stands at $458,000, and rental yield measures 9.13% with $3,486/mo rent. Return on cash invested shows 23.8% in year one, and 5% annual appreciation builds toward $126,537 over five years. Five-year ROI reaches 124.13% and total cumulative return in cash records $188,469. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,486/mo property income covering a $2,242/mo payment rather than investor’s personal income.
Single Family
Built in 2008
10,800 sqft lot
$N/A/sqft
No 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
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