815 S Dittmer St · Davenport, IA 52802

$100,000

3 bd · 2.0 ba · 1,795 sqft · SingleFamily public records · 12 Days on market

Built 1925 7,405 sqft lot $56/sqft · 23% below area Est $145k · 31% 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
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• 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

Come check out this charming 3-bedroom, 2-full-bath, 2-car-garage Davenport home. There is also a deck, patio, and fenced-in yard. There is so much potential here to make it your own! Schedule your showing today!

Key facts

• Deck
• Patio
• Fenced-in yard

Tags

• DECK
• PATIO
• FENCED-IN YARD

Property features AI

Finance

• Other: Ownership: Fee simple
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage; Two garage spaces; Two total parking spaces
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; Two stories; Property is over 100 years old; Built before 1978
• Construction: Wood siding exterior; Block foundation
• Exterior features: Deck; Patio; Fenced yard; Level lot

Interior

• Kitchen: Kitchen with eating area/table space (11 x 20); Refrigerator included
• Bedrooms: Three bedrooms (master and additional bedrooms on the second floor); Master bedroom with hardwood flooring; Second bedroom (8 x 12) with luxury vinyl flooring; Third bedroom (12 x 13) with luxury vinyl flooring
• Flooring: Hardwood flooring in main living areas and master bedroom; Luxury vinyl flooring in two bedrooms; Other flooring in the kitchen
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Six total rooms; Basement is full with egress window; Separate dining room
• Laundry & utility: Laundry room; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $401 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Cap rate 11.1% 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: 67 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 805 units permitted in Scott County in 2024 (479 in 5+ unit buildings).
• This rent runs 31% 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 $691 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 $28k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $100,000

Questions for the listing agent

1. Built in 1925 — 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: 1.42% ✓
• Cap rate: 11.11%
• Cash-on-cash: 17.19%
• DSCR: 1.76
• GRM: 5.9

CMA / ARV

• ARV (median comp): $144,908
• List price: $100,000
• Delta: -30.99%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3202 Jackson Ave	0.25mi	3/1.5	1,977 (+10%)	3mo	$150,000	$76	67
3154 Rockingham Rd	0.20mi	3/2.0	1,666 (-7%)	20mo	$155,000	$93	62
3132 Orchard Ave	0.42mi	2/1.0 (-1)	1,816 (+1%)	10mo	$113,000	$62	61
508 Concord St	0.23mi	3/2.0	1,605 (-11%)	16mo	$119,000	$74	58
621 S Birchwood Ave	0.28mi	4/2.0 (+1)	2,064 (+15%)	1mo	$165,000	$80	56
125 S Birchwood Ave	0.53mi	3/2.0	1,584 (-12%)	2mo	$148,000	$93	54
121 Wellman Ave	0.52mi	3/2.0	1,536 (-14%)	2mo	$145,000	$94	50
3117 W 2nd St	0.71mi	3/2.0	1,896 (+6%)	22mo	$220,000	$116	38
3400 Telegraph Rd	0.65mi	4/3.0 (+1)	1,568 (-13%)	8mo	$489,000	$312	33
3832 Pearl Ave	0.69mi	4/1.0 (+1)	1,660 (-8%)	19mo	$145,000	$87	30
131 N Hazelwood Ave	0.66mi	2/1.5 (-1)	1,568 (-13%)	22mo	$110,000	$70	23

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: 8.5%
• Equity multiple: 1.34×
• Total profit: $9,380
• Equity at exit: $14,910

10-year hold

• IRR: 17.8%
• Equity multiple: 2.47×
• Total profit: $41,216
• Equity at exit: $8,646

Cash invested: $28,000 (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 52802

• Home prices YoY: -28.3%
• Active inventory: 67
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,415 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$151 /mo · $1,812/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $401

Break-even live

Break-even rent $908

Max offer price $100,000

Occupancy floor 67%

Sensitivity live

Price	-10% $458	-5% $429	+0% $401	+5% $373	+10% $345
Rent	-10% $289	-5% $345	+0% $401	+5% $457	+10% $513
Rate	-1.0pp $451	-0.5pp $427	base $401	+0.5pp $375	+1.0pp $349

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
301 S Thornwood Ave Davenport, IA	3.0	1.0	1242	$1,395	$1.12	14d	1	0.46mi
2424 Telegraph Rd Davenport, IA	4.0	2.0	2000	$1,750	$0.88	45d	1	0.72mi
1716 W 7th St Davenport, IA	4.0	1.0	1278	$1,712	$1.34	14d	1	1.45mi

Listing history 27 events

1. 2026-06-21
   days on market $100,000 Active 12 DOM
2. 2026-06-18
   days on market $100,000 Active 9 DOM
3. 2026-06-17
   days on market $100,000 Active 8 DOM
4. 2026-06-16
   days on market $100,000 Active 7 DOM
5. 2026-06-15
   days on market $100,000 Active 6 DOM
6. 2026-06-14
   days on market $100,000 Active 4 DOM
7. 2026-06-13
   days on market $100,000 Active 3 DOM
8. 2026-06-10
   days on marketlisting id $100,000 Active 1 DOM
9. 2026-06-03
   days on market $100,000 Active 161 DOM
10. 2026-06-02
    days on market $100,000 Active 160 DOM
11. 2026-06-01
    days on market $100,000 Active 159 DOM
12. 2026-05-31
    days on market $100,000 Active 158 DOM
13. 2026-05-30
    days on market $100,000 Active 157 DOM
14. 2026-01-19
    status Active 212-char remark
15. 2026-01-14
    historical 212-char remark
16. 2026-01-08
    status Active 212-char remark
17. 2026-01-06
    historical 212-char remark
18. 2026-01-05
    historical 212-char remark
19. 2025-12-17
    historical
20. 2025-12-04
    historical
21. 2025-12-03
    listed Active 212-char remark
22. 2025-10-22
    historical Under Contract
23. 2025-10-07
    historical
24. 2025-10-07
    listed Active
25. 2025-10-06
    historical
26. 2025-08-19
    price
27. 2025-07-24
    listed Active

ⓘ 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: $1,812 · $151/mo
• Projected year-2 tax: $1,812 · $151/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 3/10 Moderate
• 🌡 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: $16,985
• − Mortgage interest: −$5,602
• − Property taxes: −$1,812
• − Insurance: −$500
• − Repairs & maintenance: −$1,359
• − Management: −$1,359
• − Depreciation: −$2,909
• Taxable income: $3,445
• Est. tax owed @ 24.0%: −$827
• After-tax cash flow: $3,987/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

16 events — show timeline

• 2026-06-09 Listed $100,000 MRED as Distributed by MLS Grid
• 2026-06-03 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-19 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
• 2026-01-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2026-01-05 Listing Removed — MRED as Distributed by MLS Grid
• 2025-12-17 Listing Removed — MRED as Distributed by MLS Grid
• 2025-12-04 Listing Removed — RMLSA as Distributed by MLS Grid
• 2025-12-03 Listed — RMLSA as Distributed by MLS Grid
• 2025-10-22 Contingent — RMLSA as Distributed by MLS Grid
• 2025-10-07 Listing Removed — RMLSA as Distributed by MLS Grid
• 2025-10-07 Listed — RMLSA as Distributed by MLS Grid
• 2025-10-06 Listing Removed — MRED as Distributed by MLS Grid
• 2025-08-19 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-07-24 Listed — RMLSA as Distributed by MLS Grid

Property tax history

+1.4%/yr

Latest (2025): $1,812 · +13.1% YoY. Source: county tax records.