3325 Covington DrDavenportIA52806
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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 3325 Covington Dr, Davenport, IA, 52806 with 5% annual appreciation on a $325,990 basis while $2,591/mo rent supports operations. Total monthly income totals $2,591/mo and a $1,596/mo payment preserves $473/mo for cash returns. Annual cash flow comes to $5,681/yr on $108,066 deployed, and return on cash invested reaches 25.17% in year one. Equity gained on principal adds $2,104/yr, and five-year appreciation sums $90,065 alongside rental yield of 9.54%. Five-year ROI measures 131.46% and total cumulative return in cash totals $142,068.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,591/mo property income versus a $1,596/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
8,078 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52806, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,074 (100%) |
| Owner Occupied HU | 7,888 (60.3%) |
| Renter Occupied HU | 4,304 (32.9%) |
| Vacant Housing Units | 882 ( 6.7%) |
| Median Home Value | $204,372 |
| Average Home Value | $240,330 |
Housing Distribution
Address Breakdown
Residential
12,064
Single Family
9,526
Multi-Family
2,538
Businesses
851
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