2628 College 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
Investment property for sale in Davenport at 2628 College Ave, Davenport, IA, 52803 listed at $158,000 pairs $2,658/mo rent with a $773/mo payment to leave $1,632/mo cash flow. Total monthly income runs $2,658/mo, and annual cash flow reaches $19,586/yr on $52,377 cash to close. Return on cash invested measures 57.3% in year one, and rental yield registers 20.19% at a $158,000 basis. Equity gained on principal adds $1,020/yr, and annual property appreciation at 5% supports $43,652 by year five. Five-year ROI tracks 303.84% and total cumulative return in cash totals $159,142. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,658/mo property income relative to a $773/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
5,500 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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Listed by: Thomas Scheetz • Mel Foster Co. Moline
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4255355
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.