2307 W 38th PlDavenportIA52806
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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 2307 W 38th Pl, Davenport, IA, 52806 uses $53,007 cash to close to unlock $2,762/yr annual cash flow and $230/mo monthly cash flow. Total monthly income runs $1,269/mo, and a $783/mo payment keeps the spread at $230/mo. Purchase price stands at $159,900, and rental yield measures 9.52% with $1,269/mo rent. Return on cash invested shows 25.12% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 131.25% and total cumulative return in cash records $69,570. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,269/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1971
0.27 Acres 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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