2318 Redwood AveDavenportIA52802
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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
Rental property for sale in Davenport at 2318 Redwood Ave, Davenport, IA, 52802 priced at $204,900 converts $1,372/mo rent into $41/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,372/mo, and annual cash flow totals $494/yr on $67,924 invested. Return on cash invested prints 20.64% in year one, and rental yield reads 8.04% against a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation compiles into $56,610 by year five. Five-year ROI reaches 107.2% and total cumulative return in cash sums $72,814. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,372/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52802, Davenport, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
4,007
Single Family
3,914
Multi-Family
93
Businesses
345
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Listed by: Chris Holvoet • 3% Listing Company, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4262107
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.