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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% |
Rental property for sale in Davenport at 2312 1/2 W 1st St, Davenport, IA, 52802 generates $1,312/mo in rent and, after a $612/mo payment, leaves $500/mo in cash flow. Total monthly income is $1,312/mo, and annual cash flow is $6,000/yr on $41,438 invested. Return on cash invested sits at 34.39% in year one, and rental yield is 12.6% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 180.89% and total cumulative return in cash sums $74,957. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,312/mo property income rather than buyer’s personal income.
Single Family
Built in 1915
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52802, Davenport, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,693 (100%) |
| Owner Occupied HU | 2,363 (50.4%) |
| Renter Occupied HU | 1,717 (36.6%) |
| Vacant Housing Units | 613 (13.1%) |
| Median Home Value | $87,477 |
| Average Home Value | $161,155 |
Residential
4,007
Single Family
3,914
Multi-Family
93
Businesses
345
Date | Event | Price |
|---|---|---|
| 2024-10-08 | Listed for sale | $125,000 |
| 2020-07-30 | Sold | $107,500 |
| 2020-03-25 | Sold | $65,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $1352.00 | -0.44% | $80,800 | 27.61% |
| 2022-10-16 | $1358.00 | 34.19% | $63,320 | N/A |
| 2021-10-16 | $1012.00 | 2.22% | $63,320 | 38.95% |
Listed by: Chad Said • First Choice Real Estate
Mls Name: Muscatine BOR
Mls Provider:
Mls ID: #24-601
Disclaimer: Copyright Muscatine Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
