3807 Spring St APT 2BDavenportIA52807
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 3807 Spring St APT 2B, Davenport, IA, 52807 in Davenport: $1,212/mo in rent, $231/mo in net income, 11.64% gross yield, 2.16 DSCR, all at $124,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $34,508 in appreciation and $1,150/yr in principal paydown projects total cumulative return of $63,142.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 7.8% |
| Monthly Cash Flow | $231 | $450 |
City averages based on Davenport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,212 |
| Total Monthly Debt Service | $931 |
| DSCR Ratio | 1.30x |
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.
Condo
Built in 1983
2,178 sqft lot
$N/A/sqft
$170 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52807, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,810 (100%) |
| Owner Occupied HU | 3,935 (50.4%) |
| Renter Occupied HU | 3,252 (41.6%) |
| Vacant Housing Units | 623 ( 8.0%) |
| Median Home Value | $353,384 |
| Average Home Value | $375,546 |
Housing Distribution
Address Breakdown
Residential
7,570
Single Family
4,942
Multi-Family
2,628
Businesses
893
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
Condo
Built in 1983
2,178 sqft lot
$N/A/sqft
$170 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52807, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,810 (100%) |
| Owner Occupied HU | 3,935 (50.4%) |
| Renter Occupied HU | 3,252 (41.6%) |
| Vacant Housing Units | 623 ( 8.0%) |
| Median Home Value | $353,384 |
| Average Home Value | $375,546 |
Housing Distribution
Address Breakdown
Residential
7,570
Single Family
4,942
Multi-Family
2,628
Businesses
893
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kellen Showen • Keller Williams Legacy Group
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2502745
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.