2327 Washington LnDavenportIA52804
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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 2327 Washington Ln, Davenport, IA, 52804 uses $59,637 cash to close to unlock $5,654/yr annual cash flow and $471/mo monthly cash flow. Total monthly income runs $1,640/mo, and a $881/mo payment keeps the spread at $471/mo. Purchase price stands at $179,900, and rental yield measures 10.94% with $1,640/mo rent. Return on cash invested shows 29.39% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 154.15% and total cumulative return in cash records $91,929. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,640/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1955
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52804, Davenport, IA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,281
Single Family
9,737
Multi-Family
1,544
Businesses
330
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