2807-2809 N Fairmount StDavenportIA52804
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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 2807-2809 N Fairmount St, Davenport, IA, 52804 uses $75,516 cash to close to unlock $10,326/yr annual cash flow and $861/mo monthly cash flow. Total monthly income runs $2,340/mo, and a $1,115/mo payment keeps the spread at $861/mo. Purchase price stands at $227,800, and rental yield measures 12.33% with $2,340/mo rent. Return on cash invested shows 33.58% in year one, and 5% annual appreciation builds toward $62,937 over five years. Five-year ROI reaches 176.59% and total cumulative return in cash records $133,356. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,340/mo property income covering a $1,115/mo payment rather than investor’s personal income.
Multi Family
Built in 1976
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52804, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,538 (100%) |
| Owner Occupied HU | 7,301 (63.3%) |
| Renter Occupied HU | 3,354 (29.1%) |
| Vacant Housing Units | 883 ( 7.7%) |
| Median Home Value | $160,594 |
| Average Home Value | $209,304 |
Housing Distribution
Address Breakdown
Residential
11,281
Single Family
9,737
Multi-Family
1,544
Businesses
330
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Listed by: Jim Jost • Mel Foster Co. Davenport
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4256963
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.