1501 W 6th St · Davenport, IA 52802

$105,000

3 bd · 2.0 ba · 1,592 sqft · SingleFamily public records · 91 Days on market

Built 1904 6,969 sqft lot $66/sqft · at area comps Est $122k · 14% under

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Why this score? — see what drove the B 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 +29.5/30.0
• ARV discount +13.8/15.0
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• Livability +4.0/5.0
• 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

Beautifully renovated 1.5-story home featuring 4 bedrooms and 2 full baths, with sought-after main-level living that includes 2 bedrooms, a full bath, and convenient main-level laundry. The bright, updated interior showcases stylish LVP flooring throughout the main living areas, new carpet in the bedrooms, and a functional layout designed for everyday comfort and flexibility. With brand-new siding adding fresh curb appeal and durable updates throughout, this move-in-ready home blends modern finishes with practical design-don't miss your opportunity to make it yours!

Key facts

• Main level living
• New siding
• Updated interior

Tags

• MAIN LEVEL LIVING
• CONVENIENT MAIN LEVEL LAUNDRY
• UPDATED INTERIOR
• NEW SIDING
• MOVE IN READY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $375 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $105k).
• Recommended offer: $96k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.6% 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.
• Market conditions: 68 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% 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 $726 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $29k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 13y ago; this cycle's ask has dropped $10k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $89k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1904 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $95,550 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1904 — 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. 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.
7. 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.
8. 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: 1.39% ✓
• Cap rate: 10.57%
• Cash-on-cash: 15.29%
• DSCR: 1.68
• GRM: 6.0

CMA / ARV

• ARV (median comp): $121,977
• List price: $105,000
• Delta: -13.92%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1716 W 7th St	0.19mi	4/1.0 (+1)	1,483 (-7%)	3mo	$63,500	$43	68
617 Warren St	0.61mi	3/1.0	1,565 (-2%)	1mo	$85,000	$54	64
1527 N Division St	0.73mi	3/1.5	1,558 (-2%)	1mo	$185,000	$119	60
1854 W 8th St	0.36mi	3/1.0	1,417 (-11%)	2mo	$49,500	$35	60
1034 W 14th St	0.75mi	4/1.5 (+1)	1,544 (-3%)	6mo	$140,000	$91	48
2114 Telegraph Rd	0.62mi	4/1.5 (+1)	1,736 (+9%)	5mo	$80,000	$46	45
321 Cedar St	0.53mi	3/1.0	1,816 (+14%)	6mo	$65,000	$36	43
1321 W 13th St St	0.54mi	4/1.0 (+1)	1,808 (+14%)	4mo	$86,500	$48	40

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: 6.0%
• Equity multiple: 1.23×
• Total profit: $6,890
• Equity at exit: $15,656

10-year hold

• IRR: 15.4%
• Equity multiple: 2.26×
• Total profit: $36,925
• Equity at exit: $9,078

Cash invested: $29,400 (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: 68
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,455 high
• Mortgage (P&I): −$551
• Tax from tax record: −$180 /mo · $2,162/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $375

Break-even live

Break-even rent $980

Max offer price $105,000

Occupancy floor 69%

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 29 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	14d	1	0.19mi
1912 Dixwell St Davenport, IA	4.0	2.0	1116	$1,300	$1.16	44d	1	0.65mi
915 W 14th St Davenport, IA	3.0	1.0	1390	$900	$0.65	44d	1	0.77mi
1315 Brown St Unit 2 Davenport, IA	3.0	1.0	1300	$1,250	$0.96	21d	1	0.85mi
1723 W Locust St Davenport, IA	3.0	1.0	1690	$1,395	$0.83	44d	1	0.88mi
1323 N Gaines St Davenport, IA	4.0	2.0	1733	$1,350	$0.78	21d	1	0.92mi
621 W 15th St Davenport, IA	4.0	2.0	1833	$1,500	$0.82	14d	1	0.98mi
510 S Lincoln Ave Davenport, IA	2.0	1.0	1184	$1,195	$1.01	21d	1	1.00mi
2424 Telegraph Rd Davenport, IA	4.0	2.0	2000	$1,750	$0.88	44d	1	1.05mi
537 W 16th St Davenport, IA	3.0	1.0	1311	$1,400	$1.07	44d	1	1.06mi
301 S Thornwood Ave Davenport, IA	3.0	1.0	1242	$1,395	$1.12	14d	1	1.13mi
1511 N Ripley St Davenport, IA	4.0	2.0	1872	$1,450	$0.77	21d	1	1.17mi
1519 N Ripley St Davenport, IA	2.0	1.0	1144	$1,100	$0.96	14d	1	1.18mi
401 Brady St Davenport, IA	1.0–3.0	1.0–2.0	870	$2,100	$2.41	14d	2	1.21mi
212 N Brady St Davenport, IA	2.0–3.0	2.0–3.0	1428	$2,600	$1.82	14d	4	1.21mi
427 N Brady St Unit 1 Davenport, IA	3.0	1.5	1126	$1,359	$1.21	44d	1	1.22mi
1421 N Main St #2 Davenport, IA	3.0	1.0	1350	$1,095	$0.81	44d	1	1.27mi
200 E 3rd St Davenport, IA	1.0–2.0	1.0–2.0	900	$1,700	$1.89	14d	2	1.30mi
119 E 13th St Davenport, IA	3.0	1.0	1728	$1,495	$0.87	44d	1	1.32mi
324 S Brady St Davenport, IA	1.0–2.0	1.0–2.0	965	$1,700	$1.76	21d	2	1.35mi
511 Pershing Ave Unit 301E Davenport, IA	3.0	2.0	1429	$2,126	$1.49	44d	1	1.36mi
511 Pershing Ave Unit 105E Davenport, IA	2.0	2.0	1100	$1,635	$1.49	44d	1	1.36mi
511 Pershing Ave Unit 101W Davenport, IA	2.0	1.0	1280	$1,704	$1.33	44d	1	1.36mi
511 Pershing Ave Unit 102W Davenport, IA	2.0	1.0	1173	$1,506	$1.28	44d	1	1.36mi
511 Pershing Ave Unit 202W Davenport, IA	2.0	1.0	1201	$1,601	$1.33	44d	1	1.36mi
511 Pershing Ave Unit 402W Davenport, IA	2.0	2.0	1106	$1,478	$1.34	44d	1	1.36mi
511 Pershing Ave Unit 106E Davenport, IA	3.0	2.0	1349	$1,996	$1.48	44d	1	1.36mi
511 Pershing Ave Unit 407W Davenport, IA	2.0	2.0	1175	$1,568	$1.33	44d	1	1.36mi
427 Pershing Ave Davenport, IA	3.0	2.0	1438	$2,288	$1.59	14d	3	1.37mi

Listing history 19 events

1. 2026-05-17
   status Active 572-char remark

   Show marketing remark (572 chars)

   Beautifully renovated 1.5-story home featuring 4 bedrooms and 2 full baths, with sought-after main-level living that includes 2 bedrooms, a full bath, and convenient main-level laundry. The bright, updated interior showcases stylish LVP flooring throughout the main living areas, new carpet in the bedrooms, and a functional layout designed for everyday comfort and flexibility. With brand-new siding adding fresh curb appeal and durable updates throughout, this move-in-ready home blends modern finishes with practical design-don't miss your opportunity to make it yours!

2. 2026-05-15
   historical 572-char remark

   Show marketing remark (572 chars)

   Beautifully renovated 1.5-story home featuring 4 bedrooms and 2 full baths, with sought-after main-level living that includes 2 bedrooms, a full bath, and convenient main-level laundry. The bright, updated interior showcases stylish LVP flooring throughout the main living areas, new carpet in the bedrooms, and a functional layout designed for everyday comfort and flexibility. With brand-new siding adding fresh curb appeal and durable updates throughout, this move-in-ready home blends modern finishes with practical design-don't miss your opportunity to make it yours!

3. 2026-04-28
   price $105,000 572-char remark

   Show marketing remark (572 chars)

   Beautifully renovated 1.5-story home featuring 4 bedrooms and 2 full baths, with sought-after main-level living that includes 2 bedrooms, a full bath, and convenient main-level laundry. The bright, updated interior showcases stylish LVP flooring throughout the main living areas, new carpet in the bedrooms, and a functional layout designed for everyday comfort and flexibility. With brand-new siding adding fresh curb appeal and durable updates throughout, this move-in-ready home blends modern finishes with practical design-don't miss your opportunity to make it yours!

4. 2026-03-16
   price $110,000 572-char remark

   Show marketing remark (572 chars)

   Beautifully renovated 1.5-story home featuring 4 bedrooms and 2 full baths, with sought-after main-level living that includes 2 bedrooms, a full bath, and convenient main-level laundry. The bright, updated interior showcases stylish LVP flooring throughout the main living areas, new carpet in the bedrooms, and a functional layout designed for everyday comfort and flexibility. With brand-new siding adding fresh curb appeal and durable updates throughout, this move-in-ready home blends modern finishes with practical design-don't miss your opportunity to make it yours!

5. 2026-02-16
   listed $115,000 Active 572-char remark

   Show marketing remark (572 chars)

   Beautifully renovated 1.5-story home featuring 4 bedrooms and 2 full baths, with sought-after main-level living that includes 2 bedrooms, a full bath, and convenient main-level laundry. The bright, updated interior showcases stylish LVP flooring throughout the main living areas, new carpet in the bedrooms, and a functional layout designed for everyday comfort and flexibility. With brand-new siding adding fresh curb appeal and durable updates throughout, this move-in-ready home blends modern finishes with practical design-don't miss your opportunity to make it yours!

6. 2022-11-11
   historical
7. 2021-08-06
   historical
8. 2021-08-06
   historical
9. 2018-05-10
   soldstatus $89,000
10. 2018-05-08
    soldstatus $89,000
11. 2018-05-08
    soldstatus $89,000
12. 2018-04-13
    listed $89,000
13. 2018-04-13
    listed $89,000
14. 2013-11-15
    soldstatus $7,500
15. 2013-11-15
    soldstatus $7,500
16. 2013-02-07
    listed $18,995
17. 2013-02-07
    listed $18,995
18. 2008-05-09
    soldstatus $54,000
19. 2007-10-29
    soldstatus $35,500

ⓘ 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: $2,162 · $180/mo
• Projected year-2 tax: $2,162 · $180/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥103°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: $17,454
• − Mortgage interest: −$5,882
• − Property taxes: −$2,162
• − Insurance: −$525
• − Repairs & maintenance: −$1,396
• − Management: −$1,396
• − Depreciation: −$3,055
• Taxable income: $3,038
• Est. tax owed @ 24.0%: −$729
• After-tax cash flow: $3,765/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

+195.8% since first listed

19 events — show timeline

• 2026-05-17 Relisted — MRED as Distributed by MLS Grid
• 2026-05-15 Listing Removed — MRED as Distributed by MLS Grid
• 2026-04-28 Price Changed $105,000 MRED as Distributed by MLS Grid
• 2026-03-16 Price Changed $110,000 MRED as Distributed by MLS Grid
• 2026-02-16 Listed $115,000 MRED as Distributed by MLS Grid
• 2022-11-11 Rental Removed — RENT.
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2018-05-10 Sold (Public Records) $89,000 Public Records
• 2018-05-08 Sold (MLS) $89,000 RMLSA as Distributed by MLS Grid
• 2018-05-08 Sold (MLS) $89,000 MRED as Distributed by MLS Grid
• 2018-04-13 Listed $89,000 RMLSA as Distributed by MLS Grid
• 2018-04-13 Listed $89,000 MRED as Distributed by MLS Grid
• 2013-11-15 Sold (MLS) $7,500 RMLSA as Distributed by MLS Grid
• 2013-11-15 Sold (MLS) $7,500 MRED as Distributed by MLS Grid
• 2013-02-07 Listed $18,995 RMLSA as Distributed by MLS Grid
• 2013-02-07 Listed $18,995 MRED as Distributed by MLS Grid
• 2008-05-09 Sold (Public Records) $54,000 Public Records
• 2007-10-29 Sold (Public Records) $35,500 Public Records

Property tax history

+6.0%/yr

Latest (2025): $2,162 · -5.3% YoY. Source: county tax records.