3215 E Locust St #A1-4DavenportIA52803
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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
Total monthly income runs $1,661/mo, and a $1,025/mo payment. Purchase price stands at $209,330, and rental yield measures 9.52% with $1,661/mo rent. Return on cash invested shows 17.96% in year one, and 5% annual appreciation builds toward $57,834 over five years. Five-year ROI reaches 95.44% and total cumulative return in cash records $66,225. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,661/mo property income covering a $1,025/mo payment rather than investor’s personal income.
Condo
Built in 1969
4,356 sqft lot
$N/A/sqft
$400 monthly 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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