2828 Jersey Ridge RdDavenportIA52803
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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 2828 Jersey Ridge Rd, Davenport, IA, 52803 uses $106,080 cash to close to unlock $408/yr annual cash flow and $34/mo monthly cash flow. Total monthly income runs $2,112/mo, and a $1,566/mo payment keeps the spread at $34/mo. Purchase price stands at $320,000, and rental yield measures 7.92% with $2,112/mo rent. Return on cash invested shows 20.29% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 105.3% and total cumulative return in cash records $111,699. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,112/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1969
9,794 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: Robert Strupp • Home Marketor, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4263254
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.