2504 Western AveDavenportIA52803
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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 2504 Western Ave, Davenport, IA, 52803 priced at $139,000 converts $1,063/mo rent into $161/mo cash flow after a $680/mo obligation. Total monthly income equals $1,063/mo, and annual cash flow totals $1,927/yr on $46,079 invested. Return on cash invested prints 24.09% in year one, and rental yield reads 9.18% against a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation compiles into $38,403 by year five. Five-year ROI reaches 125.73% and total cumulative return in cash sums $57,932. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,063/mo property income covering a $680/mo payment, not borrower’s personal income.
Single Family
Built in 1920
5,424 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52803, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,710 (100%) |
| Owner Occupied HU | 5,364 (50.1%) |
| Renter Occupied HU | 3,944 (36.8%) |
| Vacant Housing Units | 1,402 (13.1%) |
| Median Home Value | $168,301 |
| Average Home Value | $239,310 |
Housing Distribution
Address Breakdown
Residential
9,455
Single Family
8,525
Multi-Family
930
Businesses
422
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