2015 W 5th St · Davenport, IA 52802

$159,900

4 bd · 1.0 ba · 1,974 sqft · SingleFamily public records · 62 Days on market

Built 1880 7,405 sqft lot $81/sqft · 8% above area Est $148k · 8% over

---

Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +14.3/30.0
• DSCR +4.4/10.0
• Livability +4.0/5.0
• 1% rule +3.9/10.0
• ARV discount +3.9/15.0
• Schools +3.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Completely Renovated 4-Bedroom Home - Move-In Ready! Welcome home to this exceptionally renovated 4-bedroom property in Davenport, offering plenty of space for a growing family. This home features a unique and functional layout with two separate staircases leading upstairs to all bedrooms, providing both convenience and character. Enjoy peace of mind knowing the home has been professionally renovated with all updates permitted with the City of Davenport to meet code standards. Renovations include a new HVAC & AC system, new hot water heater, electrical and plumbing updates, including a new sewer line to the basement. Renovations also include new vinyl windows throughout, new flooring, kitchen appliances and a new exterior deck. Location is another standout feature. The property is within walking distance of the newly constructed Davenport True Middle School opening this fall, making it an excellent option for families. Additional highlights include a detached 2-car garage, spacious living areas, and thoughtful renovations throughout. With major systems already updated, this home is move-in ready.

Key facts

• Unique layout
• New hot water heater
• New vinyl windows

Tags

• PROFESSIONALLY RENOVATED
• UNIQUE LAYOUT
• NEW HVAC SYSTEM
• NEW HOT WATER HEATER
• NEW SEWER LINE
• NEW VINYL WINDOWS

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $30 ($364/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $143k (10.7% below list).
• Recommended offer: $143k (10.7% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 4.4% in Davenport — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 79/100 on livability (#126 in IA, #2,312 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, crime F.
• Davenport Community School District (urban): math 43% / reading 50% proficiency, ranked #288 of 289 in IA (top 100%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Monroe Elementary School (math 26% / reading 23%, grade F, #613 of 616 statewide, top 100%, 381 students, 68% FRL); Frank L Smart Intermediate (math 27% / reading 30%, grade F, #246 of 246 statewide, top 100%, 313 students, 71% FRL); West High School (math 38% / reading 53%, grade D-, #323 of 336 statewide, top 96%, 1,469 students, 54% FRL).
• Zoned-school proficiency averages 33% at this address vs 46% district-wide (-14 pts) — the specific schools serving this property underperform the Davenport Community School District average; the district grade overstates school quality for this exact location.
• Market conditions: 67 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; 805 units permitted in Scott County in 2024 (479 in 5+ unit buildings).
• This rent runs 32% of the median local income ($54k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Scott County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 22y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $66k; list at $160k implies a 142% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1880 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $142,855 (10.7% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
2. Built in 1880 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.89% ✗
• Cap rate: 6.52%
• Cash-on-cash: 0.81%
• DSCR: 1.04
• GRM: 9.3

CMA / ARV

• ARV (median comp): $147,978
• List price: $159,900
• Delta: 8.06%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
321 Cedar St	0.10mi	3/1.0 (-1)	1,816 (-8%)	6mo	$65,000	$36	72
1819 W 6th St	0.31mi	3/1.0 (-1)	2,054 (+4%)	2mo	$127,000	$62	72
2114 Telegraph Rd	0.18mi	4/1.5	1,736 (-12%)	5mo	$80,000	$46	65
2627 Westwood Pl	0.69mi	4/1.5	2,016 (+2%)	2mo	$230,000	$114	60
2218 Newberry St	0.29mi	3/1.5 (-1)	2,228 (+13%)	0mo	$255,000	$114	58
1 Waverly Ct	0.48mi	4/1.0	1,944 (-2%)	21mo	$210,900	$108	58
1230 N Elmwood Ave	0.72mi	4/1.5	1,824 (-8%)	1mo	$157,000	$86	51
911 Cimarron Dr	0.39mi	3/1.5 (-1)	1,708 (-14%)	23mo	$145,000	$85	33
1108 N Elmwood Ave	0.63mi	3/2.5 (-1)	1,740 (-12%)	22mo	$243,900	$140	22

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -15.0%
• Equity multiple: 0.46×
• Total profit: $-23,963
• Equity at exit: $23,842

10-year hold

• IRR: -6.4%
• Equity multiple: 0.59×
• Total profit: $-18,310
• Equity at exit: $13,825

Cash invested: $44,772 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Iowa: 83 Strongly Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; mostly landlord-friendly statewide.

Methodology + full state rankings →

ZIP-level market 52802

• Home prices YoY: -28.3%
• Active inventory: 67
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,429 high
• Mortgage (P&I): −$839
• Tax from tax record: −$193 /mo · $2,317/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $30

Break-even live

Break-even rent $1,390

Max offer price $159,900

Occupancy floor 93%

Sensitivity live

Price	-10% $121	-5% $76	+0% $30	+5% $-15	+10% $-60
Rent	-10% $-83	-5% $-26	+0% $30	+5% $87	+10% $143
Rate	-1.0pp $111	-0.5pp $71	base $30	+0.5pp $-11	+1.0pp $-53

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1716 W 7th St Davenport, IA	4.0	1.0	1278	$1,712	$1.34	15d	1	0.44mi
2424 Telegraph Rd Davenport, IA	4.0	2.0	2000	$1,750	$0.88	45d	1	0.47mi
301 S Thornwood Ave Davenport, IA	3.0	1.0	1242	$1,395	$1.12	15d	1	0.59mi
1723 W Locust St Davenport, IA	3.0	1.0	1690	$1,395	$0.83	45d	1	1.02mi
915 W 14th St Davenport, IA	3.0	1.0	1390	$900	$0.65	45d	1	1.30mi
1315 Brown St Unit 2 Davenport, IA	3.0	1.0	1300	$1,250	$0.96	22d	1	1.40mi
1323 N Gaines St Davenport, IA	4.0	2.0	1733	$1,350	$0.78	22d	1	1.48mi

Listing history 19 events

1. 2026-05-11
   status Pending 1131-char remark

   Show marketing remark (1131 chars)

   Completely Renovated 4-Bedroom Home - Move-In Ready! Welcome home to this exceptionally renovated 4-bedroom property in Davenport, offering plenty of space for a growing family. This home features a unique and functional layout with two separate staircases leading upstairs to all bedrooms, providing both convenience and character. Enjoy peace of mind knowing the home has been professionally renovated with all updates permitted with the City of Davenport to meet code standards. Renovations include a new HVAC & AC system, new hot water heater, electrical and plumbing updates, including a new sewer line to the basement. Renovations also include new vinyl windows throughout, new flooring, kitchen appliances and a new exterior deck. Location is another standout feature. The property is within walking distance of the newly constructed Davenport True Middle School opening this fall, making it an excellent option for families. Additional highlights include a detached 2-car garage, spacious living areas, and thoughtful renovations throughout. With major systems already updated, this home is move-in ready.

2. 2026-04-16
   price $159,900 1131-char remark

   Show marketing remark (1131 chars)

   Completely Renovated 4-Bedroom Home - Move-In Ready! Welcome home to this exceptionally renovated 4-bedroom property in Davenport, offering plenty of space for a growing family. This home features a unique and functional layout with two separate staircases leading upstairs to all bedrooms, providing both convenience and character. Enjoy peace of mind knowing the home has been professionally renovated with all updates permitted with the City of Davenport to meet code standards. Renovations include a new HVAC & AC system, new hot water heater, electrical and plumbing updates, including a new sewer line to the basement. Renovations also include new vinyl windows throughout, new flooring, kitchen appliances and a new exterior deck. Location is another standout feature. The property is within walking distance of the newly constructed Davenport True Middle School opening this fall, making it an excellent option for families. Additional highlights include a detached 2-car garage, spacious living areas, and thoughtful renovations throughout. With major systems already updated, this home is move-in ready.

3. 2026-03-10
   listed $169,900 Active 1131-char remark

   Show marketing remark (1131 chars)

   Completely Renovated 4-Bedroom Home - Move-In Ready! Welcome home to this exceptionally renovated 4-bedroom property in Davenport, offering plenty of space for a growing family. This home features a unique and functional layout with two separate staircases leading upstairs to all bedrooms, providing both convenience and character. Enjoy peace of mind knowing the home has been professionally renovated with all updates permitted with the City of Davenport to meet code standards. Renovations include a new HVAC & AC system, new hot water heater, electrical and plumbing updates, including a new sewer line to the basement. Renovations also include new vinyl windows throughout, new flooring, kitchen appliances and a new exterior deck. Location is another standout feature. The property is within walking distance of the newly constructed Davenport True Middle School opening this fall, making it an excellent option for families. Additional highlights include a detached 2-car garage, spacious living areas, and thoughtful renovations throughout. With major systems already updated, this home is move-in ready.

4. 2025-04-29
   soldstatus $66,000
5. 2025-04-25
   soldstatus $66,000 76-char remark

   Show marketing remark (76 chars)

   Large 4 bedroom house with 2 car garage and fenced yard. Property needs work

6. 2025-04-25
   soldstatus $66,000 Closed 76-char remark

   Show marketing remark (76 chars)

   Large 4 bedroom house with 2 car garage and fenced yard. Property needs work

7. 2025-04-10
   status Pending 76-char remark

   Show marketing remark (76 chars)

   Large 4 bedroom house with 2 car garage and fenced yard. Property needs work

8. 2025-04-01
   listed $89,900 76-char remark

   Show marketing remark (76 chars)

   Large 4 bedroom house with 2 car garage and fenced yard. Property needs work

9. 2025-04-01
   listed $89,900 Active 76-char remark

   Show marketing remark (76 chars)

   Large 4 bedroom house with 2 car garage and fenced yard. Property needs work

10. 2021-04-27
    soldstatus $147,000
11. 2011-11-22
    soldstatus $30,000
12. 2011-11-22
    soldstatus $30,000
13. 2011-06-22
    listed $39,900
14. 2011-06-22
    listed $39,900
15. 2005-06-03
    soldstatus $69,500
16. 2005-05-27
    soldstatus $69,900
17. 2005-04-01
    listed $69,900
18. 2005-01-25
    soldstatus $41,000
19. 2004-10-28
    listed $44,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IA · Partial reset (capped growth)

• Current annual tax: $2,317 · $193/mo
• Projected year-2 tax: $2,414 · $201/mo
• Expected delta: +$97/yr (+$8/mo · 4.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,143
• − Mortgage interest: −$8,957
• − Property taxes: −$2,317
• − Insurance: −$800
• − Repairs & maintenance: −$1,371
• − Management: −$1,371
• − Depreciation: −$4,652
• Taxable loss: −$2,325
• Est. tax savings @ 24.0%: +$558
• After-tax cash flow: $922/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Davenport Community School District
• NCES district ID: 1908580
• Math proficiency: 43% ▼ -11.00%
• Reading proficiency: 50% ▼ -3.00%
• Median HH income: $46,157
• Composite: 39.49/100
• National rank: #3951
• State rank: #288 of 289 in IA

Livability — Davenport

• Score: 79/100
• State rank: #126
• US rank: #2312

Category grades

Amenities A Commute B+ Cost of living A+ Crime F Employment C- Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Davenport, IA
• County: Scott County · 144,583 people
• City population: 103,319
• Metro: Davenport-Moline-Rock Island, IA-IL
• Population (ZIP): 9,466
• Household income: $54,380
• Rent vs Own: 29.4% rent · 70.6% own
• Severe rent burden: 244.0

Population outlook (Scott County) Hauer SSP2

• Today (2025): 188,878 people
• By 2030: 196,648 · +4.1%
• By 2040: 210,860 · +11.6%
• By 2050: 224,359 · +18.8%
• By 2075: 258,884 · +37.1%
• By 2100: 286,447 · +51.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 14% Two or more races 10% Black 5% Asian 1%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Romanian 2% Lithuanian 1% Italian 1%
• Foreign-born: 4% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 7%

Political lean MEDSL · Scott

• 2024 margin: Toss-up / Even · D 47.3% · R 51.2% · Other 1.4%
• 2008→2024 swing: -18.4pp toward R · 2008: 14.6pp · 2024: -3.9pp
• All cycles: 2024: R+3.9 2020: D+3.5 2016: D+1.4 2012: D+13.8 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -59.59%
• Current HPI: 151.2076
• Rent YoY: —
• Metro: Davenport-Moline-Rock Island, IA-IL
• State GDP YoY: ▲ 2.48%
• F500 in state: 4

Industry mix (Fortune 500 HQ in IA)

Industry	F500 HQs	Revenue
▸Financial Services	1	$16B
▸Retail / Convenience	1	$15B

Price history

+256.1% since first listed

19 events — show timeline

• 2026-05-11 Pending — MRED as Distributed by MLS Grid
• 2026-04-16 Price Changed $159,900 MRED as Distributed by MLS Grid
• 2026-03-10 Listed $169,900 MRED as Distributed by MLS Grid
• 2025-04-29 Sold (Public Records) $66,000 Public Records
• 2025-04-25 Sold (MLS) $66,000 RMLSA as Distributed by MLS Grid
• 2025-04-25 Sold (MLS) $66,000 MRED as Distributed by MLS Grid
• 2025-04-10 Pending — RMLSA as Distributed by MLS Grid
• 2025-04-01 Listed $89,900 RMLSA as Distributed by MLS Grid
• 2025-04-01 Listed $89,900 MRED as Distributed by MLS Grid
• 2021-04-27 Sold (Public Records) $147,000 Public Records
• 2011-11-22 Sold (MLS) $30,000 RMLSA as Distributed by MLS Grid
• 2011-11-22 Sold (MLS) $30,000 MRED as Distributed by MLS Grid
• 2011-06-22 Listed $39,900 RMLSA as Distributed by MLS Grid
• 2011-06-22 Listed $39,900 MRED as Distributed by MLS Grid
• 2005-06-03 Sold (Public Records) $69,500 Public Records
• 2005-05-27 Sold (MLS) $69,900 RMLSA as Distributed by MLS Grid
• 2005-04-01 Listed $69,900 RMLSA as Distributed by MLS Grid
• 2005-01-25 Sold (MLS) $41,000 RMLSA as Distributed by MLS Grid
• 2004-10-28 Listed $44,900 RMLSA as Distributed by MLS Grid

Property tax history

+2.6%/yr

Latest (2025): $2,317 · -3.9% YoY. Source: county tax records.