5109 N Pine St · Davenport, IA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $902 – $1,676
Heat risk 3/10 · Minor
- Hot days now (above 103°F)
- 7 days/yr
- Hot days in 30 yrs
- 16 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
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 +15.0/15.0
- Cash flow +11.4/30.0
- Livability +4.0/5.0
- Schools +3.9/10.0
- 1% rule +3.5/10.0
- DSCR +3.4/10.0
- Rent growth +3.0/5.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$119,900
5109 N Pine St · Davenport, IA 52806
2 bd · 1.0 ba · 940 sqft · SingleFamily
public records
Built 1944
10,454 sqft lot
Est $173k · 31% under
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
Welcome to this charming, remodeled 2-bedroom, 1-bath ranch that combines modern comforts with cozy charm! Step into an inviting open layout where the updated white/bright kitchen with sleek finishes flows into the living room, creating an ideal space for relaxation or entertaining. The full bathroom has been tastefully renovated, with stylish tiled shower. Spacious master bedroom. A partially finished basement offers extra space for a home office, gym, or recreation area. The 2-car detached garage is also great for extra storage. Outside, enjoy a nice size level lot with a fenced yard & patio for a perfect blend of privacy and openness. Central air 2025. This amazing home is perfect
Key facts
- 0.24 acre lot
- 2 garage spots
- Built 1944
Neighborhood map
Sold within
Property
Rental comp
Retail
Transit
Schools
Stadiums
Fortune 500
· Circle radius: 3.0 mi
Loading POIs…
What this means for you Summary
Snapshot
- This is a 2-bed/1.0-bath single-family listed at $120k.
Deal economics
- At list price, monthly cash flow is $-41 ($-490/yr) — negative.
- To cash-flow at today's rent, offer at most $113k (6.0% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $102k (14.9% below list).
- Recommended offer: $102k (14.9% below list) — sets the bar for 1% rule.
- Cap rate 5.9% 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 (+1.8%/yr); 162 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 805 units permitted in Scott County in 2024 (479 in 5+ unit buildings).
- This rent is only 16% of the median local income ($74k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $829 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
- Only 0 days on market — expect competitive offers; lowballing is unlikely to land.
- 5 sale attempts since 4y 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.
Risks & watch-outs
- Watch-outs: built in 1944 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer
$101,975
(14.9% below list)
Questions for the listing agent
- 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?
- Built in 1944 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 5.88%
- Cash-on-cash
- -1.46%
- DSCR
- 0.94
- GRM
- 9.8
CMA / ARV
- ARV (on-the-fly)
- $172,960
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2207 W 51st St | 0.06mi | 2/1.0 | 888 (-6%) | 1mo | $132,333 | $149 | 87 |
| 2127 W 51st St | 0.11mi | 2/2.0 | 914 (-3%) | 6mo | $210,000 | $230 | 81 |
| 5335 Davie St | 0.50mi | 3/1.0 (+1) | 942 (+0%) | 4mo | $136,500 | $145 | 68 |
| 1729 Welshire Dr | 0.46mi | 3/1.0 (+1) | 925 (-2%) | 6mo | $149,000 | $161 | 66 |
| 2501 W 57th St | 0.53mi | 3/1.5 (+1) | 956 (+2%) | 2mo | $207,500 | $217 | 63 |
| 4522 N Lincoln St | 0.44mi | 3/1.5 (+1) | 1,000 (+6%) | 4mo | $129,900 | $130 | 59 |
| 1808 W 58th St | 0.67mi | 3/1.5 (+1) | 906 (-4%) | 4mo | $195,000 | $215 | 52 |
| 5812 Hillandale Rd Rd | 0.68mi | 3/1.5 (+1) | 972 (+3%) | 4mo | $178,600 | $184 | 52 |
| 4325 N Lincoln Ave | 0.55mi | 3/1.0 (+1) | 988 (+5%) | 11mo | $205,000 | $207 | 52 |
| 2706 W 47th St | 0.45mi | 3/1.0 (+1) | 1,042 (+11%) | 9mo | $188,100 | $181 | 48 |
| 1823 W 48th St | 0.44mi | 3/1.0 (+1) | 834 (-11%) | 12mo | $145,000 | $174 | 46 |
| 4137 N Linwood Ave | 0.67mi | 3/1.5 (+1) | 1,060 (+13%) | 12mo | $239,900 | $226 | 31 |
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 · 1.8% rent growth · sell at horizon
5-year hold
- IRR
- -20.1%
- Equity multiple
- 0.31×
- Total profit
- $-23,220
- Equity at exit
- $17,877
10-year hold
- IRR
- -15.9%
- Equity multiple
- 0.16×
- Total profit
- $-28,336
- Equity at exit
- $10,367
Cash invested: $33,572 (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.
ZIP-level market 52806
- Rents YoY
- 1.8%
- Active inventory
- 162
- Price-to-rent
- 9.8×
Monthly cashflow live
↻
- Estimated rent
- $1,020 high interval (Pro) →
- Mortgage (P&I)
- −$629
- Tax from tax record
- −$168 /mo · $2,013/yr
- Insurance
- −$50
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$214
- Net cashflow
- $-41
Break-even live
Break-even rent
$1,071
Max offer price
$112,686
Occupancy floor
99%
Sensitivity live
| Price | -10% $27 | -5% $-7 | +0% $-41 | +5% $-75 | +10% $-109 |
|---|---|---|---|---|---|
| Rent | -10% $-121 | -5% $-81 | +0% $-41 | +5% $-1 | +10% $40 |
| Rate | -1.0pp $20 | -0.5pp $-10 | base $-41 | +0.5pp $-72 | +1.0pp $-104 |
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
- $29,975
- Closing costs
- $3,597
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 8 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 4624 Cheyenne Ave Unit A Davenport, IA | 1.0 | 1.0 | 680 | $925 | $1.36 | 44d | 1 | 0.31mi |
| 4444 N Division St Davenport, IA | 2.0 | 1.0 | 800 | $895 | $1.12 | 14d | 1 | 0.64mi |
| 4406 N Division St Unit 4311-11 Davenport, IA | 2.0 | 1.0 | 800 | $895 | $1.12 | 44d | 1 | 0.66mi |
| 4406 N Division St Unit 4311-6 Davenport, IA | 1.0 | 1.0 | 675 | $795 | $1.18 | 21d | 1 | 0.66mi |
| 4323 N Division St Davenport, IA | 1.0–2.0 | 1.0 | 675 | $1,099 | $1.63 | 14d | 1 | 0.73mi |
| 4930 N Dittmer St Davenport, IA | 3.0 | 2.0 | 1104 | $1,184 | $1.07 | 14d | 1 | 0.77mi |
| 1935 W 40th St Davenport, IA | 2.0 | 1.0 | 585 | $950 | $1.62 | 14d | 8 | 0.82mi |
| 1508 W 36th St Davenport, IA | 2.0 | 1.0 | 672 | $1,300 | $1.93 | 14d | 1 | 1.29mi |
Listing history 26 events
-
2026-05-24status Pending
-
2026-05-24status Pending
-
2026-05-22status Pending
-
2026-02-12soldstatus $127,000
-
2026-01-23soldstatus $126,915 Closed
-
2026-01-23soldstatus $126,915 Closed
-
2026-01-23soldstatus $126,915 Closed
-
2026-01-23soldstatus $126,915 Closed
-
2025-12-15status Pending
-
2025-12-15historical
-
2025-12-15historical
-
2025-11-10price
-
2025-10-02price
-
2025-08-01$119,900
-
2025-08-01Active
-
2025-01-03historical
-
2025-01-03historical
-
2024-12-07price
-
2024-12-02price
-
2024-11-21price
-
2024-11-14Active
-
2022-06-22soldstatus $110,000
-
2022-06-17soldstatus $110,000
-
2022-06-17soldstatus $110,000
-
2022-04-14$105,000
-
2022-04-14$105,000
ⓘ 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
- $2,013 · $168/mo
- Projected year-2 tax
- $2,013 · $168/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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $12,237
- − Mortgage interest
- −$6,716
- − Property taxes
- −$2,013
- − Insurance
- −$600
- − Repairs & maintenance
- −$979
- − Management
- −$979
- − Depreciation
- −$3,488
- Taxable loss
- −$2,537
combined federal + state — saved on this device
- Est. tax savings @ 24.0%
- +$609
- After-tax cash flow
- $119/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)
- 26,871
- Household income
- $74,297
- Rent vs Own
- Severe rent burden
- 735.0
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 (74%)
- Race & ethnicity
- White 74% Black 12% Hispanic / Latino 7% Two or more races 7% Asian 2%
- Hispanic origin (detail)
- Mexican 6%
- Common ancestry
- Slovak 2% Lithuanian 2% Iranian 1%
- Foreign-born
- 4% · Canada, Vietnam, China
- Languages at home
- 93% English-only · Spanish 3% Vietnamese 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
- ▼ -127.41%
- Current HPI
- 185.0808
- Rent YoY
- ▲ 1.80%
- 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
+21.0% since first listed26 events — show timeline
- 2026-05-24 Pending — MRED as Distributed by MLS Grid
- 2026-05-24 Pending — MRED as Distributed by MLS Grid
- 2026-05-22 Pending — MRED as Distributed by MLS Grid
- 2026-02-12 Sold (Public Records) $127,000 Public Records
- 2026-01-23 Sold (MLS) $126,915 MRED as Distributed by MLS Grid
- 2026-01-23 Sold (MLS) $126,915 MRED as Distributed by MLS Grid
- 2026-01-23 Sold (MLS) $126,915 MRED as Distributed by MLS Grid
- 2026-01-23 Sold (MLS) $126,915 MRED as Distributed by MLS Grid
- 2025-12-15 Pending — RMLSA as Distributed by MLS Grid
- 2025-12-15 Listing Removed — RMLSA as Distributed by MLS Grid
- 2025-12-15 Listing Removed — MRED as Distributed by MLS Grid
- 2025-11-10 Price Changed — RMLSA as Distributed by MLS Grid
- 2025-10-02 Price Changed — RMLSA as Distributed by MLS Grid
- 2025-08-01 Listed — RMLSA as Distributed by MLS Grid
- 2025-08-01 Listed $119,900 MRED as Distributed by MLS Grid
- 2025-01-03 Listing Removed — RMLSA as Distributed by MLS Grid
- 2025-01-03 Listing Removed — MRED as Distributed by MLS Grid
- 2024-12-07 Price Changed — RMLSA as Distributed by MLS Grid
- 2024-12-02 Price Changed — RMLSA as Distributed by MLS Grid
- 2024-11-21 Price Changed — RMLSA as Distributed by MLS Grid
- 2024-11-14 Listed — RMLSA as Distributed by MLS Grid
- 2022-06-22 Sold (Public Records) $110,000 Public Records
- 2022-06-17 Sold (MLS) $110,000 MRED as Distributed by MLS Grid
- 2022-06-17 Sold (MLS) $110,000 RMLSA as Distributed by MLS Grid
- 2022-04-14 Listed $105,000 MRED as Distributed by MLS Grid
- 2022-04-14 Listed $105,000 RMLSA as Distributed by MLS Grid
Property tax history
+3.7%/yrLatest (2025): $2,013 · +18.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…