3518 W Garfield StDavenportIA52804
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
Investment Highlights
Investment property for sale in Davenport at 3518 W Garfield St, Davenport, IA, 52804 uses $73,759 cash to close to unlock $4,380/yr annual cash flow and $365/mo monthly cash flow. Total monthly income runs $1,810/mo, and a $1,089/mo payment keeps the spread at $365/mo. Purchase price stands at $222,500, and rental yield measures 9.76% with $1,810/mo rent. Return on cash invested shows 25.85% in year one, and 5% annual appreciation builds toward $61,473 over five years. Five-year ROI reaches 135.07% and total cumulative return in cash records $99,628. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,810/mo property income covering a $1,089/mo payment rather than investor’s personal income.
Single Family
Built in 1972
6,848 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52804, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,538 (100%) |
| Owner Occupied HU | 7,301 (63.3%) |
| Renter Occupied HU | 3,354 (29.1%) |
| Vacant Housing Units | 883 ( 7.7%) |
| Median Home Value | $160,594 |
| Average Home Value | $209,304 |
Housing Distribution
Address Breakdown
Residential
11,281
Single Family
9,737
Multi-Family
1,544
Businesses
330
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices