511 W 11th St · Davenport, IA 52803

$54,000

2 bd · 1.5 ba · 1,188 sqft · SingleFamily public records · 93 Days on market

Built 1920 8,276 sqft lot $45/sqft · 43% below area Est $95k · 43% 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 +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

GROUND FLOOR LIVING IN A SPACIOUS RANCH IN CENTRAL DAVENPORT. LARGE MAIN BEDROOM, SPACIOUS LIVINGROOM . CLOSE TO AMBROSE AND PALMER.THIS HOME NEEDS SOME LOVE, BUT ALREADY HAS A NEW ROOF! AT THIS PRICE, YOU BETTER MOVE FAST!

Key facts

• Ground floor living
• New roof
• 8,276 sq ft lot

Tags

• GROUND FLOOR LIVING
• NEW ROOF

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $54k.

Deal economics

• At list price, monthly cash flow is $505 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $54k).
• Recommended offer: $49k (9.0% below list) — sets the bar for market timing.
• Cap rate 17.5% 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 fast (+4.6%/yr); 160 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); 70% 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 $373 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 + 4.6% rent growth), your $15k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($49k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $32k; list at $54k implies a 69% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $49,140 (9.0% below list)

Questions for the listing agent

1. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 2.23% ✓
• Cap rate: 17.51%
• Cash-on-cash: 40.06%
• DSCR: 2.78
• GRM: 3.7

CMA / ARV

• ARV (median comp): $95,065
• List price: $54,000
• Delta: -43.20%
• 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
209 E 13th St	0.46mi	3/1.0 (+1)	1,144 (-4%)	2mo	$45,000	$39	64
1618 N Marquette St	0.70mi	3/1.5 (+1)	1,176 (-1%)	3mo	$87,000	$74	58
1118 W 15th St	0.58mi	3/1.0 (+1)	1,218 (+2%)	4mo	$179,900	$148	58
1219 W 8th St	0.62mi	2/2.0	1,260 (+6%)	2mo	$129,000	$102	58
1518 N Main St	0.40mi	2/1.5	1,024 (-14%)	2mo	$95,000	$93	57
1108 W 16th St	0.60mi	2/1.0	1,194 (+0%)	16mo	$135,000	$113	56
1341 W 14th St	0.69mi	3/1.5 (+1)	1,244 (+5%)	1mo	$131,900	$106	54
1008 W 16th St	0.54mi	2/1.0	1,094 (-8%)	10mo	$147,000	$134	52
1324 Marquette St	0.61mi	3/2.0 (+1)	1,302 (+10%)	1mo	$115,000	$88	48
911 W 16th St	0.47mi	3/1.0 (+1)	1,356 (+14%)	1mo	$152,000	$112	46
1127 W 16th St	0.61mi	2/1.0	1,141 (-4%)	23mo	$161,000	$141	44
1207 N Marquette St	0.56mi	3/1.5 (+1)	1,038 (-13%)	6mo	$138,000	$133	42

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 · 4.57% rent growth · sell at horizon

5-year hold

• IRR: 38.4%
• Equity multiple: 2.68×
• Total profit: $25,390
• Equity at exit: $8,052

10-year hold

• IRR: 45.7%
• Equity multiple: 5.76×
• Total profit: $71,930
• Equity at exit: $4,669

Cash invested: $15,120 (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 52803

• Home prices YoY: -34.5%
• Rents YoY: 4.6%
• Active inventory: 160
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,202 high
• Mortgage (P&I): −$283
• Tax from tax record: −$139 /mo · $1,670/yr
• Insurance: −$22
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $505

Break-even live

Break-even rent $563

Max offer price $54,000

Occupancy floor 53%

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: $13,500
• Closing costs: $1,620
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
133 W 13th St Apt 3 Davenport, IA	2.0	1.0	800	$1,150	$1.44	14d	1	0.27mi
1315 Brown St Unit 2 Davenport, IA	3.0	1.0	1300	$1,250	$0.96	21d	1	0.28mi
1318 1/2 Brown St Davenport, IA	2.0	1.0	900	$875	$0.97	21d	1	0.30mi
730 Brown St Unit 3 Davenport, IA	2.0	1.0	1000	$800	$0.80	44d	1	0.33mi
1519 N Ripley St Davenport, IA	2.0	1.0	1144	$1,100	$0.96	14d	1	0.34mi
1421 N Main St #2 Davenport, IA	3.0	1.0	1350	$1,095	$0.81	44d	1	0.34mi
537 W 16th St Davenport, IA	3.0	1.0	1311	$1,400	$1.07	44d	1	0.35mi
619 W 16th St Unit 4 Davenport, IA	1.0	1.0	700	$745	$1.06	44d	1	0.36mi
915 W 14th St Davenport, IA	3.0	1.0	1390	$900	$0.65	44d	1	0.39mi
1615 1/2 N Ripley St Davenport, IA	2.0	1.0	900	$825	$0.92	44d	1	0.40mi
108 W 5th St Unit 5 Davenport, IA	1.0	1.0	737	$875	$1.19	44d	1	0.51mi
410 N Main St Unit 230 Davenport, IA	2.0	1.0	800	$1,250	$1.56	44d	1	0.53mi
427 N Brady St Unit 6 Davenport, IA	2.0	1.0	916	$995	$1.09	44d	1	0.57mi
427 N Brady St Unit 1 Davenport, IA	3.0	1.5	1126	$1,359	$1.21	44d	1	0.57mi
421 N Brady St Unit 5 Davenport, IA	1.0	1.0	780	$968	$1.24	44d	1	0.58mi
421 N Brady St Unit 11 Davenport, IA	1.0	1.0	945	$1,059	$1.12	14d	1	0.58mi
401 Brady St Davenport, IA	1.0–3.0	1.0–2.0	870	$1,625	$1.87	14d	2	0.60mi
317 Kirkwood Blvd Davenport, IA	2.0	1.0	1300	$950	$0.73	44d	1	0.60mi
321 E 7th St Davenport, IA	1.0–2.0	1.0	825	$1,050	$1.27	14d	4	0.61mi
201 E Locust St Unit Sw Davenport, IA	2.0	1.0	1000	$875	$0.88	44d	1	0.63mi
1011 W Locust St Apt 1 Davenport, IA	1.0	1.0	750	$675	$0.90	44d	1	0.63mi
511 Pershing Ave Unit 101W Davenport, IA	2.0	1.0	1280	$1,704	$1.33	44d	1	0.63mi
511 Pershing Ave Unit 609W Davenport, IA	2.0	1.0	912	$1,317	$1.44	44d	1	0.63mi
511 Pershing Ave Unit 301E Davenport, IA	3.0	2.0	1429	$2,126	$1.49	44d	1	0.63mi
511 Pershing Ave Unit 407W Davenport, IA	2.0	2.0	1175	$1,568	$1.33	44d	1	0.63mi
511 Pershing Ave Unit 102W Davenport, IA	2.0	1.0	1173	$1,506	$1.28	44d	1	0.63mi
511 Pershing Ave Unit 402W Davenport, IA	2.0	2.0	1106	$1,478	$1.34	44d	1	0.63mi
511 Pershing Ave Apt 602W Davenport, IA	2.0	2.0	948	$1,367	$1.44	44d	1	0.63mi
511 Pershing Ave Unit 105E Davenport, IA	2.0	2.0	1100	$1,635	$1.49	44d	1	0.63mi
511 Pershing Ave Unit 106E Davenport, IA	3.0	2.0	1349	$1,996	$1.48	44d	1	0.63mi
511 Pershing Ave Unit 202W Davenport, IA	2.0	1.0	1201	$1,601	$1.33	44d	1	0.63mi
511 Pershing Ave Apt 304W Davenport, IA	1.0	1.0	775	$1,086	$1.40	44d	1	0.63mi
1812 Pershing Ave Unit 1 Davenport, IA	3.0	1.0	1000	$1,200	$1.20	21d	1	0.64mi
106 E 3rd St Davenport, IA	1.0–2.0	1.0	812	$1,299	$1.60	44d	1	0.67mi
427 Pershing Ave Davenport, IA	3.0	2.0	1438	$2,288	$1.59	14d	3	0.67mi
200 E 3rd St Davenport, IA	1.0–2.0	1.0–2.0	900	$1,700	$1.89	14d	2	0.70mi
212 N Brady St Davenport, IA	2.0–3.0	2.0–3.0	1428	$1,900	$1.33	14d	4	0.70mi
427 Iowa St Unit 1-C308 Davenport, IA	2.0	1.5	950	$1,354	$1.43	44d	1	0.74mi
402 E 4th St Davenport, IA	1.0–2.0	1.0	805	$1,188	$1.48	14d	1	0.74mi
402 E 4th St Davenport, IA	1.0–2.0	1.0	749	$1,218	$1.63	44d	2	0.74mi

Listing history 19 events

1. 2026-06-18
   days on market $54,000 Active 93 DOM
2. 2026-06-17
   days on market $54,000 Active 92 DOM
3. 2026-06-16
   days on market $54,000 Active 91 DOM
4. 2026-06-15
   days on market $54,000 Active 90 DOM
5. 2026-06-14
   days on market $54,000 Active 88 DOM
6. 2026-06-13
   days on market $54,000 Active 87 DOM
7. 2026-06-10
   days on market $54,000 Active 85 DOM
8. 2026-06-09
   days on market $54,000 Active 84 DOM
9. 2026-06-08
   days on market $54,000 Active 83 DOM
10. 2026-06-07
    days on market $54,000 Active 82 DOM
11. 2026-06-03
    days on market $54,000 Active 78 DOM
12. 2026-06-02
    days on market $54,000 Active 77 DOM
13. 2026-06-01
    days on market $54,000 Active 76 DOM
14. 2026-05-31
    days on market $54,000 Active 75 DOM
15. 2026-05-30
    days on market $54,000 Active 74 DOM
16. 2026-05-19
    price $54,000 223-char remark

    Show marketing remark (223 chars)

    GROUND FLOOR LIVING IN A SPACIOUS RANCH IN CENTRAL DAVENPORT. LARGE MAIN BEDROOM, SPACIOUS LIVINGROOM . CLOSE TO AMBROSE AND PALMER.THIS HOME NEEDS SOME LOVE, BUT ALREADY HAS A NEW ROOF! AT THIS PRICE, YOU BETTER MOVE FAST!

17. 2026-05-01
    price $59,000 223-char remark

    Show marketing remark (223 chars)

    GROUND FLOOR LIVING IN A SPACIOUS RANCH IN CENTRAL DAVENPORT. LARGE MAIN BEDROOM, SPACIOUS LIVINGROOM . CLOSE TO AMBROSE AND PALMER.THIS HOME NEEDS SOME LOVE, BUT ALREADY HAS A NEW ROOF! AT THIS PRICE, YOU BETTER MOVE FAST!

18. 2026-03-17
    listed $65,000 Active 223-char remark

    Show marketing remark (223 chars)

    GROUND FLOOR LIVING IN A SPACIOUS RANCH IN CENTRAL DAVENPORT. LARGE MAIN BEDROOM, SPACIOUS LIVINGROOM . CLOSE TO AMBROSE AND PALMER.THIS HOME NEEDS SOME LOVE, BUT ALREADY HAS A NEW ROOF! AT THIS PRICE, YOU BETTER MOVE FAST!

19. 2021-06-30
    soldstatus $32,000

ⓘ 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: $1,670 · $139/mo
• Projected year-2 tax: $1,670 · $139/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 · 15 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: $14,425
• − Mortgage interest: −$3,025
• − Property taxes: −$1,670
• − Insurance: −$270
• − Repairs & maintenance: −$1,154
• − Management: −$1,154
• − Depreciation: −$1,571
• Taxable income: $5,581
• Est. tax owed @ 24.0%: −$1,339
• After-tax cash flow: $4,718/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): 22,742
• Household income: $64,543
• Rent vs Own: 33.3% rent · 66.7% own
• Severe rent burden: 630.0

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 (69%)
• Race & ethnicity: White 69% Black 14% Two or more races 10% Hispanic / Latino 9%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Romanian 2% Portuguese 2% Iranian 2%
• Foreign-born: 5% · Canada, United Kingdom, South Korea
• Languages at home: 93% English-only · Spanish 4% French/Haitian/Cajun 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: ▼ -96.00%
• Current HPI: 182.0976
• Rent YoY: ▲ 4.57%
• 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

+68.8% since first listed

4 events — show timeline

• 2026-05-19 Price Changed $54,000 MRED as Distributed by MLS Grid
• 2026-05-01 Price Changed $59,000 MRED as Distributed by MLS Grid
• 2026-03-17 Listed $65,000 MRED as Distributed by MLS Grid
• 2021-06-30 Sold (Public Records) $32,000 Public Records

Property tax history

+4.5%/yr

Latest (2025): $1,670 · -21.8% YoY. Source: county tax records.