724 W 8th StDavenportIA52802
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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
Investment property for sale in Davenport at 724 W 8th St, Davenport, IA, 52802 uses $56,024 cash to close to unlock $2,635/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $1,317/mo, and a $827/mo payment keeps the spread at $220/mo. Purchase price stands at $169,000, and rental yield measures 9.35% with $1,317/mo rent. Return on cash invested shows 24.61% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 128.49% and total cumulative return in cash records $71,983. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,317/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in 1900
10,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52802, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,693 (100%) |
| Owner Occupied HU | 2,363 (50.4%) |
| Renter Occupied HU | 1,717 (36.6%) |
| Vacant Housing Units | 613 (13.1%) |
| Median Home Value | $87,477 |
| Average Home Value | $161,155 |
Housing Distribution
Address Breakdown
Residential
4,007
Single Family
3,914
Multi-Family
93
Businesses
345
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