2615 E 39th StDavenportIA52807
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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 Davenport at 2615 E 39th St, Davenport, IA, 52807 uses $87,814 cash to close to unlock $6,986/yr annual cash flow and $582/mo monthly cash flow. Total monthly income runs $2,303/mo, and a $1,297/mo payment keeps the spread at $582/mo. Purchase price stands at $264,900, and rental yield measures 10.43% with $2,303/mo rent. Return on cash invested shows 27.86% in year one, and 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 145.95% and total cumulative return in cash records $128,168. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,303/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.26 Acres 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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