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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 2305 N Elsie Ave, Davenport, IA, 52804 offers a 11.17% rental yield on a $179,900 purchase with $1,674/mo rent. Total monthly income registers $1,674/mo, and a $881/mo payment leaves $505/mo available for distribution. Annual cash flow reaches $6,062/yr on $59,637 to close, and return on cash invested stands at 30.07% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 157.83% and total cumulative return in cash at $94,125. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,674/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
7,560 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52804, Davenport, IA area.
| 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 |
Residential
11,281
Single Family
9,737
Multi-Family
1,544
Businesses
330
Date | Event | Price |
|---|---|---|
| 2025-06-26 | Sold | $179,900 |
| 2025-05-05 | Pending sale | $179,900 |
| 2025-05-01 | Listed for sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-08 | $2492.00 | -8.85% | $160,960 | 4.99% |
| 2023-10-08 | $2734.00 | 3.33% | $153,310 | 12.00% |
| 2022-10-08 | $2646.00 | 5.76% | $136,890 | 3.48% |
Listed by: Michelle Arguello • Mel Foster Co. Davenport
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4262779
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.
