3006 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 3006 Jersey Ridge Rd, Davenport, IA, 52803 with 5% annual appreciation on a $242,500 basis while $2,594/mo rent supports operations. Total monthly income totals $2,594/mo and a $1,187/mo payment preserves $975/mo for cash returns. Annual cash flow comes to $11,699/yr on $80,389 deployed, and return on cash invested reaches 34.46% in year one. Equity gained on principal adds $1,565/yr, and five-year appreciation sums $66,998 alongside rental yield of 12.84%. Five-year ROI measures 181.53% and total cumulative return in cash totals $145,927.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,594/mo property income versus a $1,187/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
0.37 Acres 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: Dennis Lauver • Coldwell Banker Howes & Jefferies REALTORS
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4256839
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.