2613-2615 Magnolia Dr #2BettendorfIA52722
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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
Investment property for sale in Bettendorf at 2613-2615 Magnolia Dr #2, Bettendorf, IA, 52722 uses $50,720 cash to close to unlock $7,166/yr annual cash flow and $597/mo monthly cash flow. Total monthly income runs $1,591/mo, and a $749/mo payment keeps the spread at $597/mo. Purchase price stands at $153,000, and rental yield measures 12.48% with $1,591/mo rent. Return on cash invested shows 34.04% in year one, and 5% annual appreciation builds toward $42,271 over five years. Five-year ROI reaches 179.1% and total cumulative return in cash records $90,840. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,591/mo property income covering a $749/mo payment rather than investor’s personal income.
Multi Family
Built in 1962
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52722, Bettendorf, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,982 (100%) |
| Owner Occupied HU | 12,443 (69.2%) |
| Renter Occupied HU | 4,389 (24.4%) |
| Vacant Housing Units | 1,150 ( 6.4%) |
| Median Home Value | $342,973 |
| Average Home Value | $386,947 |
Housing Distribution
Address Breakdown
Residential
17,987
Single Family
15,350
Multi-Family
2,637
Businesses
1,446
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Listed by: Sabrina Chandler • Ruhl&Ruhl REALTORS Davenport
Mls Name: RMLS Alliance
Mls ID: #QC4264279