3118 McKinley AveDavenportIA52802
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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
Rental property for sale in Davenport at 3118 McKinley Ave, Davenport, IA, 52802 generates $810/mo in rent and, after a $524/mo payment, leaves $115/mo in cash flow. Total monthly income is $810/mo, and annual cash flow is $1,378/yr on $35,471 invested. Return on cash invested sits at 23.79% in year one, and rental yield is 9.08% on a $107,000 entry. Equity gained on principal adds $690/yr, while 5% annual appreciation builds toward $29,562 over five years. Five-year ROI reaches 124.07% and total cumulative return in cash sums $44,010. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $810/mo property income rather than buyer’s personal income.
Single Family
Built in 1941
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52802, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,693 (100%) |
| Owner Occupied HU | 2,363 (50.4%) |
| Renter Occupied HU | 1,717 (36.6%) |
| Vacant Housing Units | 613 (13.1%) |
| Median Home Value | $87,477 |
| Average Home Value | $161,155 |
Housing Distribution
Address Breakdown
Residential
4,007
Single Family
3,914
Multi-Family
93
Businesses
345
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Listed by: Katelyn Cooper • Ruhl&Ruhl REALTORS Moline
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261367
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.