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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% |
Rental property for sale in Davenport at 3422 Hobson Ave, Davenport, IA, 52802 generates $1,338/mo in rent and, after a $685/mo payment, leaves $427/mo in cash flow. Total monthly income is $1,338/mo, and annual cash flow is $5,121/yr on $46,410 invested. Return on cash invested sits at 30.94% in year one, and rental yield is 11.47% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 162.43% and total cumulative return in cash sums $75,382. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,338/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 52802, Davenport, IA area.
| 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 |
Residential
4,007
Single Family
3,914
Multi-Family
93
Businesses
345
Date | Event | Price |
|---|---|---|
| 2021-03-05 | Sold | $93,700 |
| 2021-01-25 | Pending sale | $89,900 |
| 2021-01-18 | Listed for sale | $89,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-11 | $2154.00 | 5.28% | $123,540 | N/A |
| 2023-07-11 | $2046.00 | -1.06% | $123,540 | 28.92% |
| 2022-07-11 | $2068.00 | 29.25% | $95,830 | -0.53% |
Listed by: Lucky Lang II • Mel Foster Co. Davenport
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4265133
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.
