5112 N Fairmount St Lot 102 St · Davenport, IA 52806

$49,900

3 bd · 2.0 ba · 1,880 sqft · Other public records · 129 Days on market

Built 2014

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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 +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Walsh Pointe lots now available! All builders welcome. These large lots are located in Bettendorf Schools and all quality for Davenport NOW. Please call with any questions.

Key facts

• New faucets
• Newly built porches
• New light fixtures

Tags

• NEW LIGHT FIXTURES
• NEWLY BUILT PORCHES
• CEILING FANS IN EVERY BEDROOM
• NEW FAUCETS
• ADDITIONAL STORAGE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $50k.

Deal economics

• At list price, monthly cash flow is $865 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Recommended offer: $44k (12.0% below list) — sets the bar for market timing.
• Cap rate 27.1% 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 (+1.8%/yr); 162 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $345 of loan paydown is wiped out by about $1k 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 + 1.8% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 129 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 24y ago; this cycle's ask has dropped $26k (34%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $43,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 129 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 3.07% ✓
• Cap rate: 27.09%
• Cash-on-cash: 74.28%
• DSCR: 4.30
• GRM: 2.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.8% rent growth · sell at horizon

5-year hold

• IRR: 72.7%
• Equity multiple: 4.23×
• Total profit: $45,192
• Equity at exit: $7,440

10-year hold

• IRR: 76.3%
• Equity multiple: 8.38×
• Total profit: $103,055
• Equity at exit: $4,314

Cash invested: $13,972 (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 52806

• Rents YoY: 1.8%
• Active inventory: 162
• Price-to-rent: 2.7×

Monthly cashflow live

• Estimated rent: $1,531 medium
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $748/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$322
• Net cashflow: $865

Break-even live

Break-even rent $437

Max offer price $49,900

Occupancy floor 39%

Sensitivity live

Price	-10% $899	-5% $882	+0% $865	+5% $848	+10% $830
Rent	-10% $744	-5% $804	+0% $865	+5% $925	+10% $986
Rate	-1.0pp $890	-0.5pp $878	base $865	+0.5pp $852	+1.0pp $839

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5556 N Thornwood Ave Davenport, IA	3.0	2.0	1715	$1,800	$1.05	44d	1	1.01mi

Listing history 50 events

1. 2015-12-08
   soldstatus $135,000 172-char remark

   Show marketing remark (172 chars)

   Walsh Pointe lots now available! All builders welcome. These large lots are located in Bettendorf Schools and all quality for Davenport NOW. Please call with any questions.

2. 2015-08-27
   listed $75,500 172-char remark

   Show marketing remark (172 chars)

   Walsh Pointe lots now available! All builders welcome. These large lots are located in Bettendorf Schools and all quality for Davenport NOW. Please call with any questions.

3. 2015-06-23
   soldstatus $2,129,866 18-char remark

   Show marketing remark (18 chars)

   Comp purposes only

4. 2015-06-22
   listed 18-char remark

   Show marketing remark (18 chars)

   Comp purposes only

5. 2014-06-06
   soldstatus $35,000
6. 2013-03-14
   soldstatus $33,000
7. 2013-01-28
   listed $53,900
8. 2013-01-28
   listed $39,900
9. 2012-08-20
   soldstatus $4,254,000
10. 2011-10-07
    soldstatus $16,000
11. 2011-10-07
    soldstatus $16,000
12. 2011-01-31
    listed $24,000
13. 2011-01-31
    listed $24,000
14. 2011-01-25
    historical
15. 2011-01-25
    historical
16. 2011-01-25
    historical
17. 2010-09-01
    historical
18. 2010-01-22
    historical
19. 2010-01-22
    historical
20. 2010-01-22
    historical
21. 2010-01-22
    historical
22. 2009-11-20
    soldstatus $39,000
23. 2009-10-05
    listed $51,961
24. 2009-09-29
    historical
25. 2009-09-29
    historical
26. 2009-09-29
    historical
27. 2009-01-22
    historical
28. 2009-01-22
    historical
29. 2009-01-22
    historical
30. 2008-09-19
    historical
31. 2008-09-19
    historical
32. 2008-07-24
    historical
33. 2008-07-24
    historical
34. 2008-07-24
    historical
35. 2008-04-29
    historical
36. 2008-04-28
    historical
37. 2008-04-28
    historical
38. 2008-04-28
    historical
39. 2008-04-18
    historical
40. 2008-04-18
    historical
41. 2008-04-18
    historical
42. 2008-04-18
    historical
43. 2007-12-22
    historical
44. 2007-12-22
    historical
45. 2007-12-22
    historical
46. 2007-12-17
    soldstatus $59,500
47. 2007-11-30
    historical
48. 2007-09-07
    listed $60,000
49. 2007-08-22
    historical
50. 2007-06-04
    historical

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 3/10 Moderate
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,375
• − Mortgage interest: −$2,795
• − Property taxes: −$748
• − Insurance: −$250
• − Repairs & maintenance: −$1,470
• − Management: −$1,470
• − Depreciation: −$1,452
• Taxable income: $10,190
• Est. tax owed @ 24.0%: −$2,446
• After-tax cash flow: $7,932/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: 28.2% rent · 71.8% 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

+170.0% since first listed

57 events — show timeline

• 2015-12-08 Sold (MLS) $135,000 MRED as Distributed by MLS Grid
• 2015-08-27 Listed $75,500 MRED as Distributed by MLS Grid
• 2015-06-23 Sold (MLS) $2,129,866 MRED as Distributed by MLS Grid
• 2015-06-22 Listed — MRED as Distributed by MLS Grid
• 2014-06-06 Sold (MLS) $35,000 MRED as Distributed by MLS Grid
• 2013-03-14 Sold (MLS) $33,000 MRED as Distributed by MLS Grid
• 2013-01-28 Listed $39,900 MRED as Distributed by MLS Grid
• 2013-01-28 Listed $53,900 MRED as Distributed by MLS Grid
• 2012-08-20 Sold (Public Records) $4,254,000 Public Records
• 2011-10-07 Sold (MLS) $16,000 MRED as Distributed by MLS Grid
• 2011-10-07 Sold (MLS) $16,000 MRED as Distributed by MLS Grid
• 2011-01-31 Listed $24,000 MRED as Distributed by MLS Grid
• 2011-01-31 Listed $24,000 MRED as Distributed by MLS Grid
• 2011-01-25 Listing Removed — MRED as Distributed by MLS Grid
• 2011-01-25 Listing Removed — MRED as Distributed by MLS Grid
• 2011-01-25 Listing Removed — MRED as Distributed by MLS Grid
• 2010-09-01 Listing Removed — MRED as Distributed by MLS Grid
• 2010-01-22 Listing Removed — MRED as Distributed by MLS Grid
• 2010-01-22 Listing Removed — MRED as Distributed by MLS Grid
• 2010-01-22 Listing Removed — MRED as Distributed by MLS Grid
• 2010-01-22 Listing Removed — MRED as Distributed by MLS Grid
• 2009-11-20 Sold (MLS) $39,000 MRED as Distributed by MLS Grid
• 2009-10-05 Listed $51,961 MRED as Distributed by MLS Grid
• 2009-09-29 Listing Removed — MRED as Distributed by MLS Grid
• 2009-09-29 Listing Removed — MRED as Distributed by MLS Grid
• 2009-09-29 Listing Removed — MRED as Distributed by MLS Grid
• 2009-01-22 Listing Removed — MRED as Distributed by MLS Grid
• 2009-01-22 Listing Removed — MRED as Distributed by MLS Grid
• 2009-01-22 Listing Removed — MRED as Distributed by MLS Grid
• 2008-09-19 Listing Removed — MRED as Distributed by MLS Grid
• 2008-09-19 Listing Removed — MRED as Distributed by MLS Grid
• 2008-07-24 Listing Removed — MRED as Distributed by MLS Grid
• 2008-07-24 Listing Removed — MRED as Distributed by MLS Grid
• 2008-07-24 Listing Removed — MRED as Distributed by MLS Grid
• 2008-04-29 Listing Removed — MRED as Distributed by MLS Grid
• 2008-04-28 Listing Removed — MRED as Distributed by MLS Grid
• 2008-04-28 Listing Removed — MRED as Distributed by MLS Grid
• 2008-04-28 Listing Removed — MRED as Distributed by MLS Grid
• 2008-04-18 Listing Removed — MRED as Distributed by MLS Grid
• 2008-04-18 Listing Removed — MRED as Distributed by MLS Grid
• 2008-04-18 Listing Removed — MRED as Distributed by MLS Grid
• 2008-04-18 Listing Removed — MRED as Distributed by MLS Grid
• 2007-12-22 Listing Removed — MRED as Distributed by MLS Grid
• 2007-12-22 Listing Removed — MRED as Distributed by MLS Grid
• 2007-12-22 Listing Removed — MRED as Distributed by MLS Grid
• 2007-12-17 Sold (MLS) $59,500 MRED as Distributed by MLS Grid
• 2007-11-30 Listing Removed — MRED as Distributed by MLS Grid
• 2007-09-07 Listed $60,000 MRED as Distributed by MLS Grid
• 2007-08-22 Listing Removed — MRED as Distributed by MLS Grid
• 2007-06-04 Listing Removed — MRED as Distributed by MLS Grid
• 2005-08-31 Listing Removed — MRED as Distributed by MLS Grid
• 2004-11-30 Listing Removed — MRED as Distributed by MLS Grid
• 2003-04-06 Listing Removed — MRED as Distributed by MLS Grid
• 2002-11-13 Sold (MLS) $50,000 RMLSA as Distributed by MLS Grid
• 2002-10-14 Listed $50,000 RMLSA as Distributed by MLS Grid
• 2002-06-30 Listing Removed — MRED as Distributed by MLS Grid
• 2001-08-31 Listing Removed — MRED as Distributed by MLS Grid

Property tax history

-4.4%/yr

Latest (2025): $20,534 · +2.5% YoY. Source: county tax records.