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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Eldridge at 3209 S 16th Ave UNIT 302, Eldridge, IA, 52748 uses $49,692 cash to close to unlock $5,366/yr annual cash flow and $447/mo monthly cash flow. Total monthly income runs $1,561/mo, and a $734/mo payment keeps the spread at $447/mo. Purchase price stands at $149,900, and rental yield measures 12.5% with $1,561/mo rent. Return on cash invested shows 30.71% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 162.47% and total cumulative return in cash records $80,735. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,561/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$140 monthly HOA
Neighborhood data shown for ZIP Code: 52748, Eldridge, IA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,159 (100%) |
| Owner Occupied HU | 3,016 (72.5%) |
| Renter Occupied HU | 904 (21.7%) |
| Vacant Housing Units | 239 ( 5.7%) |
| Median Home Value | $375,552 |
| Average Home Value | $398,076 |
Residential
4,062
Single Family
3,554
Multi-Family
508
Businesses
307
Date | Event | Price |
|---|---|---|
| 2025-06-10 | Sold | $149,900 |
| 2025-05-06 | Pending sale | $149,900 |
| 2025-03-18 | Price change | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $1560.00 | -2.74% | $124,800 | N/A |
| 2023-10-21 | $1604.00 | 3.22% | $124,800 | 13.18% |
| 2022-10-21 | $1554.00 | 6.58% | $110,270 | N/A |
Listed by: Lacey Daedlow • Ruhl&Ruhl REALTORS Davenport
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4259404
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-21 05:22:54 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#564)
