6224 Deere Creek LnDavenportIA52807
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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
Rental property for sale in Davenport at 6224 Deere Creek Ln, Davenport, IA, 52807 offers $3,217/mo rent that, after a $1,948/mo payment, leaves $532/mo cash flow. Total monthly income is $3,217/mo, and annual cash flow is $6,386/yr on $131,937 cash. Return on cash invested measures 24.75% in year one, and rental yield stands at 9.7% at a $398,000 entry. Equity gained on principal adds $2,568/yr while 5% annual appreciation compounds into $109,960 by year five. Five-year ROI records 129.56% and total cumulative return in cash reaches $170,940. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,217/mo property income versus a $1,948/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
9,147 sqft lot
$N/A/sqft
$100 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
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Listed by: William Watkins • Keller Williams Greater Quad Cities / Midwest Partners
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4234222
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.