241 S Lincoln Ave, Davenport, IA, 52802 | $723/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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241 S Lincoln Ave, Davenport, IA, 52802 | $723/mo Cash Flow | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Davenport at 241 S Lincoln Ave, Davenport, IA, 52802 priced at $119,900 pairs $1,502/mo rent with $723/mo cash flow after a $587/mo payment. Total monthly income equals $1,502/mo, and annual cash flow comes to $8,678/yr on $39,747 invested. Return on cash invested is 41.74% in year one, and rental yield stands at 15.03% on a $119,900 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,126 by year five. Five-year ROI measures 220.45% and total cumulative return in cash reaches $87,624. For financing, Ziffy Mortgage’s DSCR program evaluates $1,502/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1900

4,560 sqft lot

$N/A/sqft

No HOA

More details about the property

Gorgeous 2 story home with many great updates. Garden oasis front yard hosts a sitting area and abundant lush greenery. Inside there is a main floor bedroom with en suite. Two additional bedrooms upstairs with updated lighting and flooring. Fully redone kitchen boasts gas stove, high quality vent and access to the backyard. The backyard provides even more outdoor space to enjoy with abundant covered seating, lush greenery and entertaining space. Insulated garage with storage rack system provides off street parking as well as a protected work space. Full basement provides additional work space, laundry facilities, ample storage and separate access to the exterior. Main floor bedroom is Non Conforming.

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