2502 Rockingham Rd, Davenport, IA, 52802 | $170/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2502 Rockingham Rd, Davenport, IA, 52802 | $170/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

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

Investment property for sale in Davenport at 2502 Rockingham Rd, Davenport, IA, 52802 uses $82,875 cash to close to unlock $2,040/yr annual cash flow and $170/mo monthly cash flow. Total monthly income runs $1,794/mo, and a $1,224/mo payment keeps the spread at $170/mo. Purchase price stands at $250,000, and rental yield measures 8.61% with $1,794/mo rent. Return on cash invested shows 22.37% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 116.44% and total cumulative return in cash records $96,502. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,794/mo property income covering a $1,224/mo payment rather than investor’s personal income.

Multi Family

Built in 1904

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Fantastic investment opportunity in the heart of Davenports West End! This well-maintained fourplex offers four spacious units, each featuring 2 bedrooms, 1 bathroom, and convenient in-unit laundry hookups. All units are currently leased, providing immediate cash flow from day one. Enjoy a strong rental history, low operating costs, and an impressive return on investment. With annual gross rents of $38,400 and a solid tenant base, this property is an ideal addition to any portfoliowhether youre a seasoned investor or just starting out. Located near shopping, dining, and major roadways, this centrally located property ensures long-term tenant demand. Dont miss your chance to own a turn-key, income-producing asset in a high-demand rental area! Financial Highlights: Gross Annual Rent: $38,400 Annual Expenses: $7,878 (Water/Sewer: $4,200 | Dumpster Service: $1,500 | Property Insurance: $2,178) Net Operating Income: $30,522 Annual ROI: 12.21% (based on $250,000 investment)

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