6401 Utica Ridge Rd UNIT 4, Davenport, IA, 52807 | 6.72% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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6401 Utica Ridge Rd UNIT 4, Davenport, IA, 52807 | 6.72% Rental Yield | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Davenport at 6401 Utica Ridge Rd UNIT 4, Davenport, IA, 52807 offers a 6.72% rental yield on a $359,900 purchase with $2,015/mo rent. 66% in year one. Equity gained on principal adds $2,322/yr while 5% annual appreciation supports $99,434 over five years. Portfolio math shows five-year ROI at 85.87% and total cumulative return in cash at $102,446. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,015/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1976

N/A lot

$N/A/sqft

No HOA

More details about the property

Your chance to own on Brookwood Drive! On the 8th hole of Crow Valley, this 2 bedroom/2 bath condo has been very well-maintained and designed with style. One of few units in Brookwood to offer one level living, this is the perfect balance of privacy and abundant natural light. Features include a mostly finished basement, and an immaculate heated 2 car garage with newer epoxy flooring, *water connection* and room for more storage - plus mature landscaping, fireplace, wet bar and a cozy den. The sunny kitchen/informal dining room boasts a large skylight, island, coffee bar, quartz countertops and pantry. The main level primary opens onto the spacious patio with custom awnings, the en-suite bath offers both a stall shower and a relaxing sunken soaking tub. Interior remodel in 2010, new roof and water heater in 2014. New furnace in 2015. New Pella slider in 2023, new Pellla living room window in 2016. Low monthly association fee includes trash, lawn and snow. Seller offers an AHS Shield Plus warranty. Measurements are approximate; buyer must verify. 12 hour notice required for showings. Units at Brookwood cannot be rented.

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