2243 W 4th St · Davenport, IA 52802

$32,000

3 bd · 1.5 ba · 1,408 sqft · SingleFamily public records · 131 Days on market

Built 1924 7,500 sqft lot $23/sqft · 77% below area ↓ 58% since listing

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

Here your chance to do a full interior rehab! 3 bed 1 full bath on upper level and 1/2 bath on main level. 2 car garage and fully fenced backyard. Property is a fixer upper. New roof, siding & some new windows in 2024. Sold as is. Homes sustained some interior fire damage. Seller is super motivated and will entertain all offers. Property is Vacant. Show anytime!

Key facts

• Some new windows
• New siding
• New roof

Tags

• FULLY FENCED BACKYARD
• NEW ROOF
• NEW SIDING
• SOME NEW WINDOWS

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $32k.

Deal economics

• At list price, monthly cash flow is $722 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $32k).
• Recommended offer: $28k (12.0% below list) — sets the bar for market timing.
• Cap rate 33.4% 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; 9 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% 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 $221 of loan paydown is wiped out by about $960 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 $9k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 131 days — a 12% lower offer ($28k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 21y ago; this cycle's ask has dropped $8k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $28,160 (12.0% below list)

Questions for the listing agent

1. It's been on market 131 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1924 — 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: 3.77% ✓
• Cap rate: 33.38%
• Cash-on-cash: 96.75%
• DSCR: 5.30
• GRM: 2.2

CMA / ARV

• ARV (median comp): $140,721
• List price: $32,000
• Delta: -77.26%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2243 W 4th St	0.00mi	3/1.5	1,408 (0%)	0mo	$22,500	$16	100
1854 W 8th St	0.60mi	3/1.0	1,417 (+1%)	2mo	$49,500	$35	68
121 Wellman Ave	0.45mi	3/2.0	1,536 (+9%)	2mo	$145,000	$94	60
2006 Claussen St	0.39mi	3/1.5	1,253 (-11%)	5mo	$125,000	$100	59
125 S Birchwood Ave	0.38mi	3/2.0	1,584 (+12%)	2mo	$148,000	$93	58
2827 W 13th St	0.73mi	4/2.0 (+1)	1,450 (+3%)	3mo	$173,500	$120	52
1716 W 7th St	0.70mi	4/1.0 (+1)	1,483 (+5%)	3mo	$63,500	$43	49
2614 Mckinley Ave	0.61mi	4/2.0 (+1)	1,280 (-9%)	2mo	$106,500	$83	48
3103 Fairview St	0.72mi	3/1.0	1,258 (-11%)	0mo	$135,000	$107	47
520 S Clark St	0.72mi	3/1.5	1,250 (-11%)	4mo	$94,900	$76	44
2217 W 13th St	0.68mi	3/1.0	1,200 (-15%)	2mo	$157,000	$131	40
1203 N Thornwood Ave	0.62mi	4/1.0 (+1)	1,600 (+14%)	5mo	$180,000	$113	37

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: 97.7%
• Equity multiple: 5.56×
• Total profit: $40,849
• Equity at exit: $4,771

10-year hold

• IRR: —
• Equity multiple: 11.59×
• Total profit: $94,914
• Equity at exit: $2,767

Cash invested: $8,960 (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: 2.2×

Monthly cashflow live

• Estimated rent: $1,207 high
• Mortgage (P&I): −$168
• Tax from tax record: −$50 /mo · $602/yr
• Insurance: −$13
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $722

Break-even live

Break-even rent $293

Max offer price $32,000

Occupancy floor 35%

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: $8,000
• Closing costs: $960
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
445 Waverly Rd Davenport, IA	2.0	1.0	980	$1,200	$1.22	44d	1	0.14mi
301 S Thornwood Ave Davenport, IA	3.0	1.0	1242	$1,395	$1.12	14d	1	0.38mi
1912 Dixwell St Davenport, IA	4.0	2.0	1116	$1,300	$1.16	44d	1	0.47mi
510 S Lincoln Ave Davenport, IA	2.0	1.0	1184	$1,195	$1.01	21d	1	0.50mi
1716 W 7th St Davenport, IA	4.0	1.0	1278	$1,712	$1.34	14d	1	0.70mi
1607 W 12th St Davenport, IA	1.0–2.0	1.0	800	$740	$0.93	44d	3	0.91mi
1341 W 4th St Davenport, IA	3.0	1.5	979	$1,394	$1.42	44d	1	1.00mi
1455 W 12th St Davenport, IA	3.0	1.0	942	$1,095	$1.16	14d	1	1.05mi
1723 W Locust St Davenport, IA	3.0	1.0	1690	$1,395	$0.83	44d	1	1.18mi

Listing history 25 events

1. 2026-05-19
   status Pending
2. 2026-02-07
   status Active
3. 2026-01-28
   price $32,000
4. 2026-01-16
   status Active
5. 2026-01-14
   historical
6. 2026-01-08
   status Active
7. 2026-01-05
   historical
8. 2025-12-31
   historical
9. 2025-11-18
   price
10. 2025-10-31
    historical
11. 2025-10-31
    status Active
12. 2025-10-07
    historical Under Contract
13. 2025-08-13
    price
14. 2025-07-01
    listed Active
15. 2021-08-06
    historical
16. 2020-09-02
    soldstatus $100,000
17. 2018-02-02
    soldstatus $25,500
18. 2009-11-06
    soldstatus $44,000
19. 2009-11-04
    soldstatus $40,000
20. 2009-11-04
    soldstatus $40,000
21. 2009-08-03
    listed $40,000
22. 2009-08-03
    listed $40,000
23. 2005-09-09
    soldstatus $74,500
24. 2005-08-29
    soldstatus $75,000
25. 2005-07-13
    listed $76,900

ⓘ 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: $602 · $50/mo
• Projected year-2 tax: $602 · $50/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 ≥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: $14,487
• − Mortgage interest: −$1,792
• − Property taxes: −$602
• − Insurance: −$160
• − Repairs & maintenance: −$1,159
• − Management: −$1,159
• − Depreciation: −$931
• Taxable income: $8,683
• Est. tax owed @ 24.0%: −$2,084
• After-tax cash flow: $6,585/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

-58.4% since first listed

25 events — show timeline

• 2026-05-19 Pending — MRED as Distributed by MLS Grid
• 2026-02-07 Relisted — MRED as Distributed by MLS Grid
• 2026-01-28 Price Changed $32,000 MRED as Distributed by MLS Grid
• 2026-01-16 Relisted — MRED as Distributed by MLS Grid
• 2026-01-14 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-08 Relisted — MRED as Distributed by MLS Grid
• 2026-01-05 Listing Removed — MRED as Distributed by MLS Grid
• 2025-12-31 Listing Removed — MRED as Distributed by MLS Grid
• 2025-11-18 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-10-31 Listing Removed — RMLSA as Distributed by MLS Grid
• 2025-10-31 Relisted — RMLSA as Distributed by MLS Grid
• 2025-10-07 Contingent — RMLSA as Distributed by MLS Grid
• 2025-08-13 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-07-01 Listed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2020-09-02 Sold (Public Records) $100,000 Public Records
• 2018-02-02 Sold (Public Records) $25,500 Public Records
• 2009-11-06 Sold (Public Records) $44,000 Public Records
• 2009-11-04 Sold (MLS) $40,000 RMLSA as Distributed by MLS Grid
• 2009-11-04 Sold (MLS) $40,000 MRED as Distributed by MLS Grid
• 2009-08-03 Listed $40,000 RMLSA as Distributed by MLS Grid
• 2009-08-03 Listed $40,000 MRED as Distributed by MLS Grid
• 2005-09-09 Sold (Public Records) $74,500 Public Records
• 2005-08-29 Sold (MLS) $75,000 RMLSA as Distributed by MLS Grid
• 2005-07-13 Listed $76,900 RMLSA as Distributed by MLS Grid

Property tax history

-9.3%/yr

Latest (2025): $602 · -74.3% YoY. Source: county tax records.