1501 Cherry Hills Rd · Bettendorf, IA 52722

$277,700

4 bd · 2.5 ba · 1,952 sqft · SingleFamily public records · 2 Days on market

Built 1962 7,840 sqft lot Est $291k · at est.

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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).

• Cash flow +13.3/30.0
• ARV discount +9.5/15.0
• Schools +6.5/10.0
• DSCR +4.0/10.0
• Livability +4.0/5.0
• 1% rule +3.5/10.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice Ranch Home in Bettendorf. Carport attached to garage. Large master suite off kitchen. Basement finished. Updated living room, electrical panel, sewer line, heat & central air. Freshly painted interior. Bay window. Ceiling fans. Large deck off kitchen. Seller is providing an HSA Home Warranty with acceptable offer. Washer and dryer are included but not warranted.

Key facts

• 7,840 sq ft lot
• Garage
• Built 1962

Property features AI

Finance

• Other: Property currently not leased; Parcel number available
• HOA & community: No master association fee required

Exterior

• Parking: Attached garage (garage owned); Carport; Concrete parking surfaces; Total of 1 garage space / 1 parking space
• Utilities: Public water; Public sewer; 100 amp electrical service
• Home design: Detached single-family home; One-story layout; Fee simple ownership; Rehab completed in 2026; Built approximately 61–70 years ago; Facing direction not specified
• Construction: Vinyl siding; Asphalt roof; Concrete perimeter foundation; Built before 1978
• Exterior features: Deck; Corner, level lot (approx. 65 x 120)

Interior

• Kitchen: Kitchen with eating area/table space; Range; Microwave; Dishwasher
• Bedrooms: 4 bedrooms (all on main level); Master bedroom on main level with full bath
• Flooring: Luxury vinyl flooring in living room, kitchen and master bedroom; Carpet in three additional bedrooms; Other flooring in basement laundry
• Bathrooms: 2 full bathrooms and 1 half bathroom; Bathroom located in basement
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Seven total rooms; Finished full basement; Basement includes a finished family room
• Laundry & utility: Basement laundry room (12 x 16); Gas dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $278k.

Deal economics

• At list price, monthly cash flow is $1 ($10/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 $236k (14.8% below list).
• Recommended offer: $236k (14.8% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 3.0% in Bettendorf — 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 81/100 on livability (#73 in IA, #1,579 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, employment A+; Watch: amenities F, commute F.
• Bettendorf Community School District (suburban): math 74% / reading 75% proficiency, ranked #57 of 289 in IA (top 20%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: Rents rising (+2.9%/yr); 426 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 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 $2k of loan paydown is wiped out by about $8k 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

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 11y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $150k; list at $278k implies a 85% gain — meaningful room to come down on a strong offer.

Recommended offer $236,476 (14.8% below list)

Questions for the listing agent

1. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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?
5. 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.
6. 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.
7. 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: 0.85% ✗
• Cap rate: 6.30%
• Cash-on-cash: 0.01%
• DSCR: 1.00
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $290,848
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1501 Cherry Hills Rd	0.00mi	4/2.5	2,200 (+13%)	0mo	$270,000	$123	79
2913 Avalon Dr	0.27mi	4/3.0	2,044 (+5%)	2mo	$310,000	$152	76
3205 Candlewick Dr	0.12mi	3/2.0 (-1)	2,068 (+6%)	3mo	$270,000	$131	75
4003 Tanglefoot Ter	0.54mi	4/3.5	1,896 (-3%)	1mo	$360,000	$190	65
3608 Parkdale Dr	0.55mi	4/1.5	1,930 (-1%)	6mo	$260,000	$135	63
3071 S Hampton Dr	0.42mi	3/1.5 (-1)	1,876 (-4%)	3mo	$279,100	$149	63
2612 Crestview Dr	0.45mi	3/1.5 (-1)	1,920 (-2%)	6mo	$175,000	$91	62
2408 Avalon Dr	0.51mi	4/2.0	1,790 (-8%)	5mo	$202,000	$113	56
2620 Harmony Dr Dr	0.36mi	4/3.0	1,705 (-13%)	6mo	$356,000	$209	55
3960 N Tam-o-shanter Dr	0.66mi	4/3.0	2,084 (+7%)	2mo	$320,000	$154	55
2347 Hawthorne Ct	0.64mi	3/2.0 (-1)	1,808 (-7%)	2mo	$192,000	$106	49
1640 Queens Dr	0.73mi	4/2.0	2,236 (+14%)	0mo	$365,000	$163	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 · 2.88% rent growth · sell at horizon

5-year hold

• IRR: -16.4%
• Equity multiple: 0.42×
• Total profit: $-45,227
• Equity at exit: $41,406

10-year hold

• IRR: -8.4%
• Equity multiple: 0.48×
• Total profit: $-40,465
• Equity at exit: $24,010

Cash invested: $77,756 (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 52722

• Rents YoY: 2.9%
• Active inventory: 426
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,365 high
• Mortgage (P&I): −$1,456
• Tax from tax record: −$295 /mo · $3,544/yr
• Insurance: −$116
• HOA: −$0
• Vacancy / Maint / Mgmt: −$497
• Net cashflow: $1

Break-even live

Break-even rent $2,364

Max offer price $277,700

Occupancy floor 95%

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: $69,425
• Closing costs: $8,331
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3129 Windsor Dr Bettendorf, IA	4.0	1.5	1440	$2,500	$1.74	20d	1	0.31mi
2339 Hawthorne Ct Bettendorf, IA	3.0	1.0	1375	$1,695	$1.23	43d	1	0.66mi
2900 Middle Rd Bettendorf, IA	1.0–3.0	1.0–2.0	996	$1,741	$1.75	13d	27	1.10mi
3060 Parkwild Dr Unit 1 Bettendorf, IA	3.0	2.5	1500	$2,100	$1.40	13d	1	1.24mi
5101 Lakeview Pkwy Davenport, IA	3.0–4.0	2.5–3.5	1800	$4,990	$2.77	13d	6	1.30mi

Listing history 8 events

1. 2026-05-07
   status Pending
2. 2026-05-05
   listed $277,700 Active
3. 2015-05-05
   soldstatus $150,000
4. 2015-04-30
   soldstatus $150,000 373-char remark

   Show marketing remark (373 chars)

   Nice Ranch Home in Bettendorf. Carport attached to garage. Large master suite off kitchen. Basement finished. Updated living room, electrical panel, sewer line, heat & central air. Freshly painted interior. Bay window. Ceiling fans. Large deck off kitchen. Seller is providing an HSA Home Warranty with acceptable offer. Washer and dryer are included but not warranted.

5. 2015-04-30
   soldstatus $150,000 373-char remark

   Show marketing remark (373 chars)

   Nice Ranch Home in Bettendorf. Carport attached to garage. Large master suite off kitchen. Basement finished. Updated living room, electrical panel, sewer line, heat & central air. Freshly painted interior. Bay window. Ceiling fans. Large deck off kitchen. Seller is providing an HSA Home Warranty with acceptable offer. Washer and dryer are included but not warranted.

6. 2015-02-10
   listed $157,000 373-char remark

   Show marketing remark (373 chars)

   Nice Ranch Home in Bettendorf. Carport attached to garage. Large master suite off kitchen. Basement finished. Updated living room, electrical panel, sewer line, heat & central air. Freshly painted interior. Bay window. Ceiling fans. Large deck off kitchen. Seller is providing an HSA Home Warranty with acceptable offer. Washer and dryer are included but not warranted.

7. 2015-02-10
   listed $157,000 373-char remark

   Show marketing remark (373 chars)

   Nice Ranch Home in Bettendorf. Carport attached to garage. Large master suite off kitchen. Basement finished. Updated living room, electrical panel, sewer line, heat & central air. Freshly painted interior. Bay window. Ceiling fans. Large deck off kitchen. Seller is providing an HSA Home Warranty with acceptable offer. Washer and dryer are included but not warranted.

8. 2005-10-05
   soldstatus $137,500

ⓘ 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: $3,544 · $295/mo
• Projected year-2 tax: $3,952 · $329/mo
• Expected delta: +$408/yr (+$34/mo · 11.5%)

ⓘ 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: $28,377
• − Mortgage interest: −$15,556
• − Property taxes: −$3,544
• − Insurance: −$1,388
• − Repairs & maintenance: −$2,270
• − Management: −$2,270
• − Depreciation: −$8,079
• Taxable loss: −$4,730
• Est. tax savings @ 24.0%: +$1,135
• After-tax cash flow: $1,145/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: Bettendorf Community School District
• NCES district ID: 1904860
• Math proficiency: 74% ▼ -6.00%
• Reading proficiency: 75% ▼ -2.00%
• Median HH income: $66,823
• Composite: 64.71/100
• National rank: #522
• State rank: #57 of 289 in IA

Livability — Bettendorf

• Score: 81/100
• State rank: #73
• US rank: #1579

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bettendorf, IA
• County: Scott County · 144,583 people
• City population: 41,264
• Metro: Davenport-Moline-Rock Island, IA-IL
• Population (ZIP): 41,264
• Household income: $101,546
• Rent vs Own: 24.2% rent · 75.8% own
• Severe rent burden: 935.0

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 (82%)
• Race & ethnicity: White 82% Asian 7% Two or more races 7% Hispanic / Latino 5% Black 2%
• Common ancestry: Portuguese 3% Italian 3% Romanian 2%
• Foreign-born: 7% · Canada, China, Vietnam
• Languages at home: 92% English-only · Other Asian/Pacific 2% Spanish 2% Other Indo-European 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: ▼ -111.45%
• Current HPI: 194.8355
• Rent YoY: ▲ 2.88%
• 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

+102.0% since first listed

8 events — show timeline

• 2026-05-07 Pending — MRED as Distributed by MLS Grid
• 2026-05-05 Listed $277,700 MRED as Distributed by MLS Grid
• 2015-05-05 Sold (Public Records) $150,000 Public Records
• 2015-04-30 Sold (MLS) $150,000 MRED as Distributed by MLS Grid
• 2015-04-30 Sold (MLS) $150,000 RMLSA as Distributed by MLS Grid
• 2015-02-10 Listed $157,000 MRED as Distributed by MLS Grid
• 2015-02-10 Listed $157,000 RMLSA as Distributed by MLS Grid
• 2005-10-05 Sold (Public Records) $137,500 Public Records

Property tax history

+3.2%/yr

Latest (2025): $3,544 · -3.7% YoY. Source: county tax records.