809 Cimarron DrDavenportIA52804
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
Investment Highlights
Rental property for sale in Davenport at 809 Cimarron Dr, Davenport, IA, 52804 offers $1,221/mo rent that, after a $771/mo payment, leaves $198/mo cash flow. Total monthly income is $1,221/mo, and annual cash flow is $2,376/yr on $52,211 cash. Return on cash invested measures 24.46% in year one, and rental yield stands at 9.3% at a $157,500 entry. Equity gained on principal adds $1,016/yr while 5% annual appreciation compounds into $43,514 by year five. Five-year ROI records 127.64% and total cumulative return in cash reaches $66,645. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,221/mo property income versus a $771/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52804, Davenport, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,538 (100%) |
| Owner Occupied HU | 7,301 (63.3%) |
| Renter Occupied HU | 3,354 (29.1%) |
| Vacant Housing Units | 883 ( 7.7%) |
| Median Home Value | $160,594 |
| Average Home Value | $209,304 |
Housing Distribution
Address Breakdown
Residential
11,281
Single Family
9,737
Multi-Family
1,544
Businesses
330
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