503 W 17th St · Davenport, IA 52803

$129,900

3 bd · 1.5 ba · 1,491 sqft · SingleFamily public records · 8 Days on market

Built 1900 7,405 sqft lot $87/sqft · 31% below area Est $188k · 31% under

---

Why this score? — see what drove the C- 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 +16.2/30.0
• ARV discount +15.0/15.0
• DSCR +5.0/10.0
• 1% rule +4.6/10.0
• 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

3-bedroom, 1 full bath home with tenant in place-great investment opportunity. Features a large eat-in kitchen and a spacious fenced backyard with patio, ideal for outdoor enjoyment. Recent updates include a new roof (2023), full interior paint (2024), exterior paint (2025), and new sewer lateral (2025). Additional walk-up attic provides convenient storage. Functional layout with comfortable living spaces. A solid addition to any rental portfolio. Interior pictures taken prior to tenant moving in.

Key facts

• Exterior paint
• Large eat-in kitchen
• Patio

Tags

• LARGE EAT-IN KITCHEN
• SPACIOUS FENCED BACKYARD
• PATIO
• NEW ROOF
• FULL INTERIOR PAINT
• EXTERIOR PAINT

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Parking: Detached garage (1 garage space; 1 total parking space)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; Two-story layout; Approximately 1,491 total finished square feet; Upper finished area of about 728
• Construction: Wood siding exterior; Block foundation; Asphalt roof; Property over 100 years old; Built before 1978
• Exterior features: Fenced yard; Level lot (approximately 50 x 150)

Interior

• Kitchen: Kitchen with eating area/table space (14 x 13); Range, Refrigerator
• Bedrooms: Three bedrooms (master and two additional bedrooms on the second floor); Bedroom dimensions: 11 x 13 (master), 9 x 13, 8 x 13
• Flooring: Carpet in most living areas and bedrooms; Luxury vinyl flooring in the kitchen
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Six total rooms; Full, unfinished basement
• Laundry & utility: Laundry room

🏷️ Possibly a rental listed for sale. The $129,900 price doesn't fit this home's estimated sale value (~$188,369) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $68 ($814/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $125k (4.1% below list).
• Recommended offer: $125k (4.1% below list) — sets the bar for 1% rule.
• Cap rate 6.9% 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 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); 62% 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 $898 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 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 14 sale attempts since 20y ago; this cycle's ask is 9179% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $108k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $124,634 (4.1% below list)

Questions for the listing agent

1. Built in 1900 — 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: 0.96% ✗
• Cap rate: 6.92%
• Cash-on-cash: 2.24%
• DSCR: 1.10
• GRM: 8.7

CMA / ARV

• ARV (median comp): $188,369
• List price: $129,900
• Delta: -31.04%
• 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
2211 Western Ave	0.36mi	3/2.0	1,484 (-0%)	3mo	$175,000	$118	78
734 W 17th St	0.22mi	3/1.0	1,389 (-7%)	2mo	$138,000	$99	75
727 W 11th St	0.48mi	3/1.0	1,428 (-4%)	1mo	$65,000	$46	68
911 W 16th St	0.33mi	3/1.0	1,356 (-9%)	1mo	$152,000	$112	66
2718 Western Ave	0.70mi	3/1.5	1,539 (+3%)	2mo	$199,900	$130	60
2627 Fair Ave	0.75mi	3/1.5	1,447 (-3%)	0mo	$168,000	$116	60
1527 N Marquette St	0.57mi	4/1.5 (+1)	1,558 (+4%)	1mo	$80,444	$52	60
1127 N Ripley St St	0.37mi	4/1.0 (+1)	1,660 (+11%)	3mo	$93,000	$56	54
1121 W 15th St	0.52mi	3/1.5	1,699 (+14%)	1mo	$129,000	$76	52
2323 Frances Pl	0.59mi	3/2.0	1,293 (-13%)	1mo	$240,000	$186	48
1324 Marquette St	0.65mi	3/2.0	1,302 (-13%)	1mo	$115,000	$88	46
402 E Pleasant St	0.59mi	4/1.0 (+1)	1,300 (-13%)	0mo	$140,000	$108	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 · 4.57% rent growth · sell at horizon

5-year hold

• IRR: -10.9%
• Equity multiple: 0.60×
• Total profit: $-14,698
• Equity at exit: $19,369

10-year hold

• IRR: 0.5%
• Equity multiple: 1.04×
• Total profit: $1,361
• Equity at exit: $11,231

Cash invested: $36,372 (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: 8.7×

Monthly cashflow live

• Estimated rent: $1,246 high
• Mortgage (P&I): −$681
• Tax from tax record: −$181 /mo · $2,177/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$262
• Net cashflow: $68

Break-even live

Break-even rent $1,160

Max offer price $129,900

Occupancy floor 90%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1615 1/2 N Ripley St Davenport, IA	2.0	1.0	900	$825	$0.92	43d	1	0.10mi
537 W 16th St Davenport, IA	3.0	1.0	1311	$1,400	$1.07	43d	1	0.10mi
1519 N Ripley St Davenport, IA	2.0	1.0	1144	$1,100	$0.96	13d	1	0.12mi
1511 N Ripley St Davenport, IA	4.0	2.0	1872	$1,450	$0.77	20d	1	0.14mi
621 W 15th St Davenport, IA	4.0	2.0	1833	$1,500	$0.82	13d	1	0.19mi
1323 N Gaines St Davenport, IA	4.0	2.0	1733	$1,350	$0.78	20d	1	0.26mi
1421 N Main St #2 Davenport, IA	3.0	1.0	1350	$1,095	$0.81	43d	1	0.30mi
1315 Brown St Unit 2 Davenport, IA	3.0	1.0	1300	$1,250	$0.96	20d	1	0.32mi
1318 1/2 Brown St Davenport, IA	2.0	1.0	900	$875	$0.97	20d	1	0.33mi
201 E Locust St Unit Sw Davenport, IA	2.0	1.0	1000	$875	$0.88	43d	1	0.40mi
915 W 14th St Davenport, IA	3.0	1.0	1390	$900	$0.65	43d	1	0.40mi
1812 Pershing Ave Unit 1 Davenport, IA	3.0	1.0	1000	$1,200	$1.20	20d	1	0.45mi
119 E 13th St Davenport, IA	3.0	1.0	1728	$1,495	$0.87	43d	1	0.45mi
317 Kirkwood Blvd Davenport, IA	2.0	1.0	1300	$950	$0.73	43d	1	0.50mi
2224 Iowa St Davenport, IA	2.0	1.0	1214	$895	$0.74	43d	1	0.62mi
2224 Iowa St Unit 2224 Davenport, IA	2.0	1.0	1214	$925	$0.76	43d	1	0.62mi
730 Brown St Unit 3 Davenport, IA	2.0	1.0	1000	$800	$0.80	43d	1	0.69mi
2209 Farnam St Unit 2211 Davenport, IA	3.0	1.0	1138	$1,050	$0.92	20d	1	0.77mi
1421 Grand Ave Unit 1 Davenport, IA	2.0	1.0	1015	$850	$0.84	43d	1	0.81mi
2809 N Main St Davenport, IA	3.0	1.5	1000	$1,350	$1.35	20d	1	0.86mi
321 E 7th St Davenport, IA	1.0–2.0	1.0	825	$1,050	$1.27	13d	4	0.91mi
1455 W 12th St Davenport, IA	3.0	1.0	942	$1,095	$1.16	13d	1	0.92mi
427 N Brady St Unit 6 Davenport, IA	2.0	1.0	916	$995	$1.09	43d	1	0.94mi
427 N Brady St Unit 1 Davenport, IA	3.0	1.5	1126	$1,359	$1.21	43d	1	0.94mi
511 Pershing Ave Unit 102W Davenport, IA	2.0	1.0	1173	$1,506	$1.28	43d	1	0.96mi
511 Pershing Ave Unit 402W Davenport, IA	2.0	2.0	1106	$1,478	$1.34	43d	1	0.96mi
511 Pershing Ave Unit 105E Davenport, IA	2.0	2.0	1100	$1,635	$1.49	43d	1	0.96mi
511 Pershing Ave Unit 106E Davenport, IA	3.0	2.0	1349	$1,996	$1.48	43d	1	0.96mi
511 Pershing Ave Apt 602W Davenport, IA	2.0	2.0	948	$1,367	$1.44	43d	1	0.96mi
511 Pershing Ave Unit 301E Davenport, IA	3.0	2.0	1429	$2,126	$1.49	43d	1	0.96mi
511 Pershing Ave Unit 407W Davenport, IA	2.0	2.0	1175	$1,568	$1.33	43d	1	0.96mi
511 Pershing Ave Unit 101W Davenport, IA	2.0	1.0	1280	$1,704	$1.33	43d	1	0.96mi
511 Pershing Ave Unit 202W Davenport, IA	2.0	1.0	1201	$1,601	$1.33	43d	1	0.96mi
511 Pershing Ave Unit 609W Davenport, IA	2.0	1.0	912	$1,317	$1.44	43d	1	0.96mi
1301 Arlington Ave Unit 1305 Davenport, IA	2.0	1.0	900	$895	$0.99	13d	1	0.96mi
401 Brady St Davenport, IA	1.0–3.0	1.0–2.0	870	$2,100	$2.41	13d	2	0.97mi
2925 Dubuque St Unit 5N Davenport, IA	2.0	2.0	895	$825	$0.92	13d	1	0.99mi
427 Pershing Ave Davenport, IA	3.0	2.0	1438	$2,288	$1.59	13d	3	1.00mi
320 E 29th St Davenport, IA	2.0	2.5	1450	$1,750	$1.21	43d	1	1.03mi
616 E 6th St Davenport, IA	4.0	1.0	1578	$1,712	$1.08	43d	1	1.05mi

Listing history 43 events

1. 2026-06-18
   days on market $129,900 Active 8 DOM
2. 2026-06-17
   days on market $129,900 Active 7 DOM
3. 2026-06-16
   days on market $129,900 Active 6 DOM
4. 2026-06-15
   days on market $129,900 Active 5 DOM
5. 2026-06-14
   days on market $129,900 Active 3 DOM
6. 2026-06-13
   days on marketlisting id $129,900 Active 2 DOM
7. 2026-06-09
   days on market $129,900 Active 52 DOM
8. 2026-06-09
   price $129,900 Active 51 DOM
9. 2026-06-08
   days on market $135,000 Active 51 DOM
10. 2026-06-07
    days on market $135,000 Active 50 DOM
11. 2026-06-03
    days on market $135,000 Active 46 DOM
12. 2026-06-02
    days on market $135,000 Active 45 DOM
13. 2026-06-01
    days on market $135,000 Active 44 DOM
14. 2026-05-31
    days on market $135,000 Active 43 DOM
15. 2026-05-30
    days on market $135,000 Active 42 DOM
16. 2026-04-18
    listed $135,000 Active 502-char remark
17. 2026-02-17
    status Pending
18. 2026-02-16
    historical
19. 2026-01-14
    status Active
20. 2026-01-14
    price
21. 2026-01-14
    historical
22. 2026-01-08
    status Active
23. 2026-01-06
    historical
24. 2026-01-05
    historical
25. 2025-12-18
    historical
26. 2025-12-03
    historical $1,395
27. 2025-10-31
    listed Active
28. 2025-10-15
    listed $1,395
29. 2025-06-30
    historical
30. 2024-07-24
    historical $1,300
31. 2024-06-13
    listed $1,300
32. 2018-07-02
    soldstatus $108,000
33. 2018-07-02
    soldstatus $108,000
34. 2018-07-02
    listed $108,000
35. 2018-07-02
    listed $108,000
36. 2018-02-26
    soldstatus $24,000
37. 2018-02-22
    soldstatus $24,000
38. 2018-02-22
    soldstatus $24,000
39. 2017-11-09
    listed $39,900
40. 2017-11-09
    listed $39,900
41. 2006-06-21
    soldstatus $27,000
42. 2006-06-14
    soldstatus $27,000
43. 2006-02-17
    listed $29,900

ⓘ 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: $2,177 · $181/mo
• Projected year-2 tax: $2,177 · $181/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: $14,956
• − Mortgage interest: −$7,276
• − Property taxes: −$2,177
• − Insurance: −$650
• − Repairs & maintenance: −$1,196
• − Management: −$1,196
• − Depreciation: −$3,779
• Taxable loss: −$1,319
• Est. tax savings @ 24.0%: +$317
• After-tax cash flow: $1,131/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

-95.3% since first listed

34 events — show timeline

• 2026-06-11 Listed for Rent $1,400 APPFOLIO
• 2026-06-10 Listed $129,900 MRED as Distributed by MLS Grid
• 2026-06-09 Listing Removed — MRED as Distributed by MLS Grid
• 2026-06-08 Price Changed — MRED as Distributed by MLS Grid
• 2026-05-23 Listing Removed — MRED as Distributed by MLS Grid
• 2026-05-22 Relisted — MRED as Distributed by MLS Grid
• 2026-04-18 Listed — MRED as Distributed by MLS Grid
• 2026-02-17 Pending — MRED as Distributed by MLS Grid
• 2026-02-16 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-14 Relisted — MRED as Distributed by MLS Grid
• 2026-01-14 Price Changed — 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
• 2025-12-18 Listing Removed — MRED as Distributed by MLS Grid
• 2025-12-03 Rental Removed $1,395 APPFOLIO
• 2025-10-31 Listed — RMLSA as Distributed by MLS Grid
• 2025-10-15 Listed for Rent $1,395 APPFOLIO
• 2025-06-30 Listing Removed — MRED as Distributed by MLS Grid
• 2024-07-24 Rental Removed $1,300 APPFOLIO
• 2024-06-13 Listed for Rent $1,300 APPFOLIO
• 2018-07-02 Listed $108,000 MRED as Distributed by MLS Grid
• 2018-07-02 Listed $108,000 RMLSA as Distributed by MLS Grid
• 2018-07-02 Sold (MLS) $108,000 MRED as Distributed by MLS Grid
• 2018-07-02 Sold (MLS) $108,000 RMLSA as Distributed by MLS Grid
• 2018-02-26 Sold (Public Records) $24,000 Public Records
• 2018-02-22 Sold (MLS) $24,000 RMLSA as Distributed by MLS Grid
• 2018-02-22 Sold (MLS) $24,000 MRED as Distributed by MLS Grid
• 2017-11-09 Listed $39,900 RMLSA as Distributed by MLS Grid
• 2017-11-09 Listed $39,900 MRED as Distributed by MLS Grid
• 2006-06-21 Sold (Public Records) $27,000 Public Records
• 2006-06-14 Sold (MLS) $27,000 RMLSA as Distributed by MLS Grid
• 2006-02-17 Listed $29,900 RMLSA as Distributed by MLS Grid

Property tax history

+7.1%/yr

Latest (2025): $2,177 · +6.7% YoY. Source: county tax records.