3422 Hobson AveDavenportIA52802
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 3422 Hobson Ave, Davenport, IA, 52802 in Davenport. At $140,000 it earns $1,338/mo in rent and distributes $427/mo to the owner after the $630/mo payment, a consistent 11.47% yield. DSCR 2.12 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $38,679 in value; $1,289/yr in principal paydown compounds ownership stake. Total projected return: $80,700.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 7.8% |
| Monthly Cash Flow | $427 | $450 |
City averages based on Davenport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,338 |
| Total Monthly Debt Service | $856 |
| DSCR Ratio | 1.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1959
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1959
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.