2720 W 38th PlDavenportIA52806
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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 2720 W 38th Pl, Davenport, IA, 52806 uses $140,854 cash to close to unlock $3,022/yr annual cash flow and $252/mo monthly cash flow. Total monthly income runs $3,020/mo, and a $2,080/mo payment keeps the spread at $252/mo. Purchase price stands at $424,900, and rental yield measures 8.53% with $3,020/mo rent. Return on cash invested shows 22.05% in year one, and 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 114.77% and total cumulative return in cash records $161,661. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,020/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 2022
9,583 sqft lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52806, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,074 (100%) |
| Owner Occupied HU | 7,888 (60.3%) |
| Renter Occupied HU | 4,304 (32.9%) |
| Vacant Housing Units | 882 ( 6.7%) |
| Median Home Value | $204,372 |
| Average Home Value | $240,330 |
Housing Distribution
Address Breakdown
Residential
12,064
Single Family
9,526
Multi-Family
2,538
Businesses
851
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Listed by: Jin Chen • Mel Foster Co. Davenport
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4248773
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.