LOT 1 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 LOT 1 Deere Creek Ln, Davenport, IA, 52807 priced at $391,300 pairs $2,838/mo rent with $297/mo cash flow after a $1,915/mo payment. Total monthly income equals $2,838/mo, and annual cash flow comes to $3,563/yr on $129,716 invested. Return on cash invested is 22.66% in year one, and rental yield stands at 8.7% on a $391,300 basis. Equity gained on principal adds $2,525/yr, and 5% annual appreciation accumulates to $108,109 by year five. Five-year ROI measures 117.97% and total cumulative return in cash reaches $153,020. For financing, Ziffy Mortgage’s DSCR program evaluates $2,838/mo property income against a $1,915/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
7,700 sqft lot
$N/A/sqft
No 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: #QC4234176
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.