4150 E 60th St APT 503DavenportIA52807
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.81 makes 4150 E 60th St APT 503, Davenport, IA, 52807 in Davenport one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 8.23%. The 8.23% yield, 5% annual appreciation ($57,992 over five years), and $1,933/yr in principal reduction project a total cumulative return of $85,426.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 7.8% |
| Monthly Cash Flow | $(204) | $450 |
City averages based on Davenport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,710 |
| Total Monthly Debt Service | $1,560 |
| DSCR Ratio | 1.10x |
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 1975
N/A lot
$N/A/sqft
$280 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 1975
N/A lot
$N/A/sqft
$280 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: Brad Boeye • BUY SELL BUILD QC - Real Broker, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4263130
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.