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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 2349 W 2nd St, Davenport, IA, 52802 offers a 11.92% rental yield on a $118,000 purchase with $1,172/mo rent. Total monthly income registers $1,172/mo, and a $578/mo payment leaves $405/mo available for distribution. Annual cash flow reaches $4,862/yr on $39,117 to close, and return on cash invested stands at 32.34% in year one. Equity gained on principal adds $761/yr while 5% annual appreciation supports $32,601 over five years. Portfolio math shows five-year ROI at 169.99% and total cumulative return in cash at $66,495. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,172/mo property income against a $578/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
6,592 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 |
|---|---|---|
| 2025-04-14 | Listed for sale | $118,000 |
| 2024-01-05 | Sold | $58,000 |
| 2023-12-08 | Pending sale | $79,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-16 | $1160.00 | -15.33% | $68,180 | 2.57% |
| 2023-04-16 | $1370.00 | -0.44% | $66,470 | 3.60% |
| 2022-04-16 | $1376.00 | 7.50% | $64,160 | N/A |
Listed by: Ray McDevitt • Ruhl&Ruhl REALTORS Bettendorf
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4262211
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.
