408 E 29th StDavenportIA52803
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 408 E 29th St, Davenport, IA, 52803 uses $42,764 cash to close to unlock $6,091/yr annual cash flow and $508/mo monthly cash flow. Total monthly income runs $1,345/mo, and a $631/mo payment keeps the spread at $508/mo. Purchase price stands at $129,000, and rental yield measures 12.51% with $1,345/mo rent. Return on cash invested shows 34.15% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 179.65% and total cumulative return in cash records $76,825. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,345/mo property income covering a $631/mo payment rather than investor’s personal income.
Single Family
Built in N/A
7,410 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52803, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,710 (100%) |
| Owner Occupied HU | 5,364 (50.1%) |
| Renter Occupied HU | 3,944 (36.8%) |
| Vacant Housing Units | 1,402 (13.1%) |
| Median Home Value | $168,301 |
| Average Home Value | $239,310 |
Housing Distribution
Address Breakdown
Residential
9,455
Single Family
8,525
Multi-Family
930
Businesses
422
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices