1421 W 10th St · Davenport, IA 52804

$54,500

2 bd · 1.0 ba · 924 sqft · SingleFamily public records · 6 Days on market

Built 1880 3,049 sqft lot Est $81k · 33% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Schools +3.9/10.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming handyman special. Great opportunity for owner occupied or investor.

Key facts

• Updated water lines
• New flooring
• Renovation project

Tags

• RENOVATION PROJECT
• NEW FLOORING
• ROOF REPLACED
• UPDATED WATER LINES
• FULL BASEMENT CELLAR
• OFF-STREET PARKING

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Parking: Gravel parking; Off-street parking with alley access; Off-alley parking
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story; Fee simple ownership; Property over 100 years old; Built before 1978
• Construction: Wood siding; Asphalt roof; Block foundation
• Exterior features: Deck; Sloped lot; Lot dimensions approximately 43 x 69

Interior

• Kitchen: Microwave; Dishwasher; Refrigerator; Gas cooktop; Gas oven; Eating area / table space
• Bedrooms: Master bedroom on main level (13 x 11) with carpet; Bedroom on main level (11 x 11) with carpet; Bedroom on main level (7 x 10) with hardwood
• Flooring: Carpet in master and one bedroom; Hardwood in one bedroom; Laminate in kitchen and living room
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Forced air
• Interior features: First-floor bedroom; First-floor full bath; 5 total rooms; Unfinished full basement with cellar
• Laundry & utility: Laundry room; Gas dryer hookup; Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $54k.

Deal economics

• At list price, monthly cash flow is $399 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($997 rent vs $54k).
• Cap rate 15.1% 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: Rents rising (+4.0%/yr); 161 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% 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 $377 of loan paydown is wiped out by about $2k 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 + 4.0% rent growth), your $15k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 9y 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 $5k; list at $54k implies a 990% 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 $54,500

Questions for the listing agent

1. Built in 1880 — 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. 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?
4. 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.
5. 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.
6. 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: 1.83% ✓
• Cap rate: 15.08%
• Cash-on-cash: 31.38%
• DSCR: 2.40
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $81,312
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1417 W 12th St	0.17mi	2/1.0	872 (-6%)	1mo	$77,000	$88	82
1414 W 9th St	0.04mi	3/1.0 (+1)	864 (-6%)	7mo	$103,585	$120	77
1330 W 7th St	0.16mi	2/1.0	842 (-9%)	2mo	$62,000	$74	76
1621 W 7th St	0.27mi	2/1.0	997 (+8%)	2mo	$45,101	$45	73
1901 W 16th St	0.68mi	2/1.0	917 (-1%)	3mo	$139,900	$153	65
636 Cedar St	0.68mi	2/1.0	944 (+2%)	3mo	$68,000	$72	62
1703 N Division St	0.63mi	2/1.0	960 (+4%)	3mo	$95,000	$99	62
1614 W 15th St	0.47mi	2/1.0	866 (-6%)	9mo	$144,500	$167	60
1811 W 8th St	0.35mi	2/1.0	788 (-15%)	1mo	$65,000	$82	58
1207 N Marquette St	0.29mi	3/1.5 (+1)	1,038 (+12%)	6mo	$138,000	$133	54
830 W 14th St	0.61mi	1/0.5 (-1)	861 (-7%)	3mo	$14,900	$17	51
1831 W 5th St	0.58mi	3/1.0 (+1)	798 (-14%)	1mo	$65,000	$81	44

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: 27.4%
• Equity multiple: 2.15×
• Total profit: $17,614
• Equity at exit: $8,126

10-year hold

• IRR: 35.5%
• Equity multiple: 4.43×
• Total profit: $52,360
• Equity at exit: $4,712

Cash invested: $15,260 (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: 4.6×

Monthly cashflow live

• Estimated rent: $997 high
• Mortgage (P&I): −$286
• Tax from tax record: −$80 /mo · $962/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$209
• Net cashflow: $399

Break-even live

Break-even rent $492

Max offer price $54,500

Occupancy floor 55%

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: $13,625
• Closing costs: $1,635
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1455 W 12th St Davenport, IA	3.0	1.0	942	$1,095	$1.16	13d	1	0.18mi
1603 W 10th St Unit 2 Davenport, IA	1.0	1.0	900	$700	$0.78	43d	1	0.19mi
1607 W 12th St Davenport, IA	1.0–2.0	1.0	800	$740	$0.93	43d	3	0.20mi
1529 W 6th St Davenport, IA	2.0	1.0	794	$850	$1.07	13d	1	0.29mi
627 N Division St Davenport, IA	2.0	1.0	800	$800	$1.00	43d	1	0.35mi
1341 W 4th St Davenport, IA	3.0	1.5	979	$1,394	$1.42	43d	1	0.40mi
1436 W 15th St Unit 1438 1/2 Davenport, IA	1.0	1.0	699	$695	$0.99	43d	1	0.41mi
1445 W 16th St Unit 3 Davenport, IA	2.0	1.0	765	$915	$1.20	43d	1	0.46mi
1212 W 3rd St Unit 1-101 Davenport, IA	1.0	1.0	585	$729	$1.25	43d	1	0.47mi
1622 Washington St Unit 4 Davenport, IA	1.0	1.0	530	$875	$1.65	43d	1	0.52mi
730 Brown St Unit 3 Davenport, IA	2.0	1.0	1000	$800	$0.80	43d	1	0.54mi
1318 1/2 Brown St Davenport, IA	2.0	1.0	900	$875	$0.97	21d	1	0.63mi
1011 W Locust St Apt 1 Davenport, IA	1.0	1.0	750	$675	$0.90	43d	1	0.73mi
619 W 16th St Unit 4 Davenport, IA	1.0	1.0	700	$745	$1.06	43d	1	0.82mi
524 Lincoln Ct Unit 2 Davenport, IA	1.0	1.0	600	$850	$1.42	21d	1	0.99mi
317 W 3rd St Davenport, IA	1.0	1.0	600	$900	$1.50	43d	1	1.00mi
1615 1/2 N Ripley St Davenport, IA	2.0	1.0	900	$825	$0.92	43d	1	1.02mi
133 W 13th St Apt 3 Davenport, IA	2.0	1.0	800	$1,150	$1.44	13d	1	1.06mi
410 N Main St Unit 230 Davenport, IA	2.0	1.0	800	$1,250	$1.56	43d	1	1.06mi
445 Waverly Rd Davenport, IA	2.0	1.0	980	$1,200	$1.22	43d	1	1.08mi
108 W 5th St Unit 5 Davenport, IA	1.0	1.0	737	$875	$1.19	43d	1	1.10mi
421 N Brady St Unit 11 Davenport, IA	1.0	1.0	945	$1,059	$1.12	13d	1	1.15mi
421 N Brady St Unit 5 Davenport, IA	1.0	1.0	780	$968	$1.24	43d	1	1.15mi
401 Brady St Davenport, IA	1.0–3.0	1.0–2.0	870	$1,625	$1.87	13d	2	1.15mi
427 N Brady St Unit 6 Davenport, IA	2.0	1.0	916	$995	$1.09	43d	1	1.16mi
1606 Brady St Davenport, IA	1.0	1.0	487	$1,145	$2.35	21d	3	1.16mi
106 E 3rd St Davenport, IA	1.0–2.0	1.0	812	$1,299	$1.60	43d	1	1.19mi
308 S Lincoln Ave Davenport, IA	1.0	1.0	825	$825	$1.00	21d	1	1.19mi
2608 Wilkes Ave Davenport, IA	2.0	1.0	755	$950	$1.26	21d	1	1.24mi
200 E 3rd St Davenport, IA	1.0–2.0	1.0–2.0	900	$1,700	$1.89	13d	2	1.26mi
511 Pershing Ave Apt 602W Davenport, IA	2.0	2.0	948	$1,367	$1.44	43d	1	1.28mi
511 Pershing Ave Unit 609W Davenport, IA	2.0	1.0	912	$1,317	$1.44	43d	1	1.28mi
511 Pershing Ave Unit 105E Davenport, IA	2.0	2.0	1100	$1,635	$1.49	43d	1	1.28mi
511 Pershing Ave Unit 402W Davenport, IA	2.0	2.0	1106	$1,478	$1.34	43d	1	1.28mi
511 Pershing Ave Apt 304W Davenport, IA	1.0	1.0	775	$1,086	$1.40	43d	1	1.28mi
321 E 7th St Davenport, IA	1.0–2.0	1.0	825	$1,050	$1.27	13d	4	1.30mi
324 S Brady St Davenport, IA	1.0–2.0	1.0–2.0	965	$1,700	$1.76	21d	2	1.32mi
901 W 15th St Davenport, IA	1.0–2.0	1.0–2.0	950	$895	$0.94	13d	1	1.32mi
201 E Locust St Unit Sw Davenport, IA	2.0	1.0	1000	$875	$0.88	43d	1	1.33mi
411 E 8th St Davenport, IA	2.0	1.0	600	$750	$1.25	43d	1	1.34mi

Listing history 6 events

1. 2026-06-18
   days on market $54,500 Active 6 DOM
2. 2026-06-17
   days on market $54,500 Active 5 DOM
3. 2026-06-16
   days on market $54,500 Active 4 DOM
4. 2026-06-15
   days on market $54,500 Active 3 DOM
5. 2026-06-13
   remarks 699-char remark
6. 2026-06-13
   listed $54,500 Active 1 DOM

ⓘ 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: $962 · $80/mo
• Projected year-2 tax: $962 · $80/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: $11,966
• − Mortgage interest: −$3,053
• − Property taxes: −$962
• − Insurance: −$272
• − Repairs & maintenance: −$957
• − Management: −$957
• − Depreciation: −$1,585
• Taxable income: $4,179
• Est. tax owed @ 24.0%: −$1,003
• After-tax cash flow: $3,786/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

+445.0% since first listed

10 events — show timeline

• 2026-06-11 Listed $54,500 MRED as Distributed by MLS Grid
• 2025-06-09 Listing Removed — RMLSA as Distributed by MLS Grid
• 2025-05-28 Listing Removed — MRED as Distributed by MLS Grid
• 2025-05-19 Contingent — RMLSA as Distributed by MLS Grid
• 2025-04-23 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-02-28 Listed — RMLSA as Distributed by MLS Grid
• 2017-08-08 Sold (MLS) $5,000 MRED as Distributed by MLS Grid
• 2017-08-08 Sold (MLS) $5,000 RMLSA as Distributed by MLS Grid
• 2017-01-27 Listed $10,000 MRED as Distributed by MLS Grid
• 2017-01-27 Listed $10,000 RMLSA as Distributed by MLS Grid

Property tax history

+4.5%/yr

Latest (2025): $962 · +2.3% YoY. Source: county tax records.