2318 N Sturdevant St · Davenport, IA 52804

$150,000

3 bd · 1.0 ba · 1,344 sqft · SingleFamily public records · 24 Days on market

Built 1953 6,534 sqft lot $112/sqft · 8% below area Est $162k · 8% under

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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).

• ARV discount +10.9/15.0
• Cash flow +9.9/30.0
• Livability +4.0/5.0
• Schools +3.9/10.0
• Rent growth +3.5/5.0
• 1% rule +3.1/10.0
• DSCR +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious ranch home with over 1300 sq ft. located just a few blocks from Genesis West. This home features new furnace 2016, water heater 2016, roof 2013 and added insulation 2016. Large addition off the back of home offers family room with slider door overlooking fenced backyard. Large 2 car garage and shed.

Key facts

• 6,534 sq ft lot
• Built 1953
• Listed 24 days

Property features AI

Finance

• Other:
• Financial info:
• HOA & community: No master association fee required

Exterior

• Parking:
• Security:
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story
• Construction: Built approximately 71–80 years ago; Aluminum siding; Asphalt roof
• Exterior features: Level lot; Lot less than 0.25 acre

Interior

• Kitchen: Kitchen with luxury vinyl flooring; Range; Refrigerator
• Bedrooms: Three bedrooms (all on the main level)
• Flooring: Carpet in several bedrooms and the master bedroom; Laminate flooring in living room, family room and laundry; Luxury vinyl in kitchen
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Six total rooms
• Laundry & utility: Main-level laundry room (6 x 8) with laminate flooring; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $-93 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $134k (10.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $121k (19.2% below list).
• Recommended offer: $121k (19.2% below list) — sets the bar for 1% rule.
• Cap rate 5.6% vs local median 4.4% in Davenport — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: Rents rising (+4.0%/yr); 161 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; 805 units permitted in Scott County in 2024 (479 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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 24 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y ago; this cycle's ask has dropped $19k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; list at $150k implies a 114% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $121,164 (19.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.81% ✗
• Cap rate: 5.55%
• Cash-on-cash: -2.65%
• DSCR: 0.88
• GRM: 10.3

CMA / ARV

• ARV (median comp): $162,292
• List price: $150,000
• Delta: -7.57%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2030 N Sturdevant St	0.20mi	2/1.5 (-1)	1,326 (-1%)	1mo	$40,000	$30	81
1629 W Columbia Ave	0.20mi	3/2.5	1,400 (+4%)	0mo	$243,900	$174	78
1548 W Central Park Ave	0.17mi	3/1.0	1,206 (-10%)	2mo	$154,900	$128	73
1442 W High St	0.25mi	2/2.0 (-1)	1,263 (-6%)	0mo	$130,000	$103	69
2128 N Sturdevant St	0.13mi	3/2.0	1,514 (+13%)	2mo	$167,900	$111	67
1649 Florence Ln Ln	0.10mi	3/2.0	1,150 (-14%)	2mo	$120,000	$104	66
2323 Frances Pl	0.58mi	3/2.0	1,293 (-4%)	1mo	$240,000	$186	62
2102 W 18th St	0.60mi	3/1.0	1,236 (-8%)	1mo	$155,000	$125	57
2113 N Marquette St St	0.43mi	3/1.0	1,162 (-14%)	2mo	$166,500	$143	55
1341 W 14th St	0.74mi	3/1.5	1,244 (-7%)	1mo	$131,900	$106	50
1922 N Pine St	0.69mi	3/1.0	1,475 (+10%)	3mo	$169,900	$115	49
1618 N Marquette St	0.61mi	3/1.5	1,176 (-12%)	3mo	$87,000	$74	47

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 · 3.99% rent growth · sell at horizon

5-year hold

• IRR: -19.6%
• Equity multiple: 0.31×
• Total profit: $-28,958
• Equity at exit: $22,365

10-year hold

• IRR: -10.3%
• Equity multiple: 0.34×
• Total profit: $-27,599
• Equity at exit: $12,969

Cash invested: $42,000 (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 52804

• Home prices YoY: -25.3%
• Rents YoY: 4.0%
• Active inventory: 161
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,212 high
• Mortgage (P&I): −$787
• Tax from tax record: −$201 /mo · $2,408/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $-93

Break-even live

Break-even rent $1,329

Max offer price $133,644

Occupancy floor —

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1723 W Locust St Davenport, IA	3.0	1.0	1690	$1,395	$0.83	43d	1	0.38mi
901 W 15th St Davenport, IA	1.0–2.0	1.0–2.0	950	$895	$0.94	13d	1	0.47mi
1455 W 12th St Davenport, IA	3.0	1.0	942	$1,095	$1.16	13d	1	0.81mi
1607 W 12th St Davenport, IA	1.0–2.0	1.0	800	$740	$0.93	43d	3	0.87mi
915 W 14th St Davenport, IA	3.0	1.0	1390	$900	$0.65	43d	1	0.91mi
1318 1/2 Brown St Davenport, IA	2.0	1.0	900	$875	$0.97	20d	1	0.99mi
1315 Brown St Unit 2 Davenport, IA	3.0	1.0	1300	$1,250	$0.96	20d	1	1.01mi
621 W 15th St Davenport, IA	4.0	2.0	1833	$1,500	$0.82	13d	1	1.03mi
537 W 16th St Davenport, IA	3.0	1.0	1311	$1,400	$1.07	43d	1	1.03mi
1323 N Gaines St Davenport, IA	4.0	2.0	1733	$1,350	$0.78	20d	1	1.07mi
1716 W 7th St Davenport, IA	4.0	1.0	1278	$1,712	$1.34	13d	1	1.11mi
1615 1/2 N Ripley St Davenport, IA	2.0	1.0	900	$825	$0.92	43d	1	1.16mi
2638 N Clark St Unit 2 Davenport, IA	3.0	1.5	1200	$1,250	$1.04	13d	1	1.17mi
1519 N Ripley St Davenport, IA	2.0	1.0	1144	$1,100	$0.96	13d	1	1.18mi
1511 N Ripley St Davenport, IA	4.0	2.0	1872	$1,450	$0.77	20d	1	1.19mi
2809 N Main St Davenport, IA	3.0	1.5	1000	$1,350	$1.35	20d	1	1.29mi
730 Brown St Unit 3 Davenport, IA	2.0	1.0	1000	$800	$0.80	43d	1	1.29mi
1421 N Main St #2 Davenport, IA	3.0	1.0	1350	$1,095	$0.81	43d	1	1.36mi
1341 W 4th St Davenport, IA	3.0	1.5	979	$1,394	$1.42	43d	1	1.39mi
201 E Locust St Unit Sw Davenport, IA	2.0	1.0	1000	$875	$0.88	43d	1	1.42mi
1812 Pershing Ave Unit 1 Davenport, IA	3.0	1.0	1000	$1,200	$1.20	20d	1	1.47mi
2224 Iowa St Davenport, IA	2.0	1.0	1214	$895	$0.74	43d	1	1.48mi
2224 Iowa St Unit 2224 Davenport, IA	2.0	1.0	1214	$925	$0.76	43d	1	1.48mi

Listing history 6 events

1. 2026-05-13
   price $159,000 131-char remark
2. 2026-05-02
   listed $169,000 Active 131-char remark
3. 2017-04-07
   soldstatus $70,000 309-char remark

   Show marketing remark (309 chars)

   Spacious ranch home with over 1300 sq ft. located just a few blocks from Genesis West. This home features new furnace 2016, water heater 2016, roof 2013 and added insulation 2016. Large addition off the back of home offers family room with slider door overlooking fenced backyard. Large 2 car garage and shed.

4. 2017-04-07
   soldstatus $70,000 309-char remark

   Show marketing remark (309 chars)

   Spacious ranch home with over 1300 sq ft. located just a few blocks from Genesis West. This home features new furnace 2016, water heater 2016, roof 2013 and added insulation 2016. Large addition off the back of home offers family room with slider door overlooking fenced backyard. Large 2 car garage and shed.

5. 2017-02-13
   listed $89,900 309-char remark

   Show marketing remark (309 chars)

   Spacious ranch home with over 1300 sq ft. located just a few blocks from Genesis West. This home features new furnace 2016, water heater 2016, roof 2013 and added insulation 2016. Large addition off the back of home offers family room with slider door overlooking fenced backyard. Large 2 car garage and shed.

6. 2017-02-13
   listed $89,900 309-char remark

   Show marketing remark (309 chars)

   Spacious ranch home with over 1300 sq ft. located just a few blocks from Genesis West. This home features new furnace 2016, water heater 2016, roof 2013 and added insulation 2016. Large addition off the back of home offers family room with slider door overlooking fenced backyard. Large 2 car garage and shed.

ⓘ 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: $2,408 · $201/mo
• Projected year-2 tax: $2,408 · $201/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: $14,540
• − Mortgage interest: −$8,402
• − Property taxes: −$2,408
• − Insurance: −$750
• − Repairs & maintenance: −$1,163
• − Management: −$1,163
• − Depreciation: −$4,364
• Taxable loss: −$3,711
• Est. tax savings @ 24.0%: +$891
• After-tax cash flow: $-220/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): 26,835
• Household income: $65,849
• Rent vs Own: 32.9% rent · 67.1% own
• Severe rent burden: 830.0

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% Black 10% Hispanic / Latino 10% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Iranian 2% Romanian 2% Portuguese 1%
• Foreign-born: 4% · Canada, China, Vietnam
• Languages at home: 94% English-only · Spanish 3% Russian/Polish/Slavic 1% Chinese 1%

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: ▼ -66.50%
• Current HPI: 196.2267
• Rent YoY: ▲ 3.99%
• 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

+66.9% since first listed

8 events — show timeline

• 2026-05-28 Pending — MRED as Distributed by MLS Grid
• 2026-05-21 Price Changed $150,000 MRED as Distributed by MLS Grid
• 2026-05-13 Price Changed $159,000 MRED as Distributed by MLS Grid
• 2026-05-02 Listed $169,000 MRED as Distributed by MLS Grid
• 2017-04-07 Sold (MLS) $70,000 RMLSA as Distributed by MLS Grid
• 2017-04-07 Sold (MLS) $70,000 MRED as Distributed by MLS Grid
• 2017-02-13 Listed $89,900 RMLSA as Distributed by MLS Grid
• 2017-02-13 Listed $89,900 MRED as Distributed by MLS Grid

Property tax history

+1.4%/yr

Latest (2025): $2,408 · +2.5% YoY. Source: county tax records.