6224 Deere Creek LnDavenportIA52807
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 6224 Deere Creek Ln, Davenport, IA, 52807 in Davenport. At $398,000 it earns $3,217/mo in rent and distributes $532/mo to the owner after the $1,790/mo payment, a consistent 9.7% yield. DSCR 1.80 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $109,960 in value; $3,666/yr in principal paydown compounds ownership stake. Total projected return: $186,157.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 7.8% |
| Monthly Cash Flow | $532 | $450 |
City averages based on Davenport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,217 |
| Total Monthly Debt Service | $2,526 |
| DSCR Ratio | 1.27x |
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.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices