2418 E 51st St APT ADavenportIA52807
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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 2418 E 51st St APT A, Davenport, IA, 52807 generates $1,587/mo in rent and, after a $636/mo payment, leaves $743/mo in cash flow. Total monthly income is $1,587/mo, and annual cash flow is $8,918/yr on $43,062 invested. Return on cash invested sits at 40.62% in year one, and rental yield is 14.66% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 214.42% and total cumulative return in cash sums $92,335. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,587/mo property income rather than buyer’s personal income.
Condo
Built in 1984
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52807, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,810 (100%) |
| Owner Occupied HU | 3,935 (50.4%) |
| Renter Occupied HU | 3,252 (41.6%) |
| Vacant Housing Units | 623 ( 8.0%) |
| Median Home Value | $353,384 |
| Average Home Value | $375,546 |
Housing Distribution
Address Breakdown
Residential
7,570
Single Family
4,942
Multi-Family
2,628
Businesses
893
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