3001 N Michigan AveDavenportIA52804
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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 3001 N Michigan Ave, Davenport, IA, 52804 earns $348/mo cash flow from $1,225/mo rent with a $661/mo payment. Total monthly income totals $1,225/mo, and annual cash flow totals $4,176/yr on $44,753 capital. ROI tracks 29.24% on current figures, and rental yield reads 10.89% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Five-year ROI reaches 153.27% and total cumulative return in cash sums $68,593. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,225/mo property income instead of your personal income.
Single Family
Built in 1975
6,300 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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