2519 N Fairmount St · Davenport, IA 50804

$185,000

3 bd · 1.5 ba · 912 sqft · SingleFamily public records · 5 Days on market

Built 1954 7,405 sqft lot Est $171k · 8% over

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Why this score? — see what drove the F 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).

• Appreciation +5.0/10.0
• Livability +4.0/5.0
• ARV discount +3.9/15.0
• Schools +3.9/10.0
• Cash flow +3.1/30.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Listing remarks

Well hello there, smart shopper. .. looking for a ranch that actually has the big-ticket stuff DONE? I've been waiting for you. Let me save you some scrolling: 3 bedrooms on the main level, beautifully remodeled bathroom, fresh paint everywhere, new vinyl plank flooring throughout, a 2-car garage, flat yard, and mechanical updates that make your wallet breathe a sigh of relief. My bathroom? Oh, she's fancy. Massive statement tiles give spa-like vibes without the spa-like price tag. Meanwhile, the rest of me keeps things practical and easy with one-level living where everyone actually wants it. .. on the main floor. Downstairs, I'm clean, fresh, and full of possibility. The newly epoxied bas

Key facts

• New siding
• Remodeled bathroom
• Mechanical updates

Tags

• REMODELED BATHROOM
• NEW VINYL PLANK FLOORING
• MECHANICAL UPDATES
• EPOXIED BASEMENT FLOOR
• NEW ROOF
• NEW SIDING

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Parking: Detached garage (concrete) with 2 parking spaces; 2 total parking spaces
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story
• Construction: Vinyl siding; Asphalt roof; Block foundation; Built 71–80 years ago (built before 1978)
• Exterior features: Patio; Level lot (less than 0.25 acre)

Interior

• Kitchen: Range; Microwave; Refrigerator; Eat-in kitchen
• Bedrooms: Three bedrooms (all on main level); Master bedroom on main level, 11 x 10; Second bedroom on main level, 11 x 9; Third bedroom on main level, 8 x 10
• Flooring: Luxury vinyl flooring throughout main living areas
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Six total rooms; Full, unfinished basement; Dining area combined with kitchen
• Laundry & utility: Laundry room; Sump pump

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $-592 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $80k (56.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $88k (52.6% below list).
• Recommended offer: $80k (56.5% below list) — sets the bar for cash-flow.
• Cap rate 2.5% vs local median 4.4% in Davenport — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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.
• Zoned schools: Wilson Elementary School (math 47% / reading 43%, grade D-, #547 of 616 statewide, top 89%, 433 students, 57% FRL) — zoned schools at 57% FRL track the district average.
• Market conditions: 2 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 805 units permitted in Scott County in 2024 (479 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($1k loan paydown + $6k appreciation (3.0% local appreciation)).
• Scott County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 6, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $80,488 (56.5% below list)

Questions for the listing agent

1. 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?
2. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
6. 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.
7. 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.
8. 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: 0.47% ✗
• Cap rate: 2.46%
• Cash-on-cash: -13.71%
• DSCR: 0.39
• GRM: 17.6

CMA / ARV

• ARV (on-the-fly): $171,456
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2410 N Michigan Ave	0.12mi	3/1.0	864 (-5%)	1mo	$162,000	$188	82
2104 N Ohio Ave	0.34mi	3/2.0	936 (+3%)	2mo	$219,900	$235	76
2123 N Gayman Ave	0.28mi	3/1.5	960 (+5%)	3mo	$180,000	$188	75
2704 Wood Dale Ave	0.33mi	3/2.0	975 (+7%)	1mo	$160,000	$164	70
2232 N Nevada Ave	0.17mi	3/1.0	816 (-10%)	5mo	$151,000	$185	68
2003 N Fairmount St	0.39mi	2/1.5 (-1)	960 (+5%)	3mo	$140,000	$146	66
2027 N Michigan Ave	0.36mi	3/1.0	832 (-9%)	2mo	$172,400	$207	64
2103 N. Michigan Ave	0.33mi	3/1.0	832 (-9%)	4mo	$137,500	$165	64
2216 Jebens Ave	0.74mi	3/1.5	912 (0%)	2mo	$165,000	$181	64
2210 N Nevada Ave	0.21mi	2/1.0 (-1)	816 (-10%)	3mo	$160,000	$196	63
2314 N Birchwood Ave	0.58mi	3/1.5	960 (+5%)	6mo	$200,900	$209	59
2926 W Lombard St	0.54mi	3/1.0	1,034 (+13%)	4mo	$195,000	$189	48

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: -5.1%
• Equity multiple: 0.70×
• Total profit: $-15,377
• Equity at exit: $83,184

10-year hold

• IRR: -0.2%
• Equity multiple: 0.96×
• Total profit: $-1,881
• Equity at exit: $128,196

Cash invested: $51,800 (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 50804

• Active inventory: 2
• Price-to-rent: 17.6×

Monthly cashflow live

• Estimated rent: $878 high
• Mortgage (P&I): −$970
• Tax from tax record: −$238 /mo · $2,854/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$184
• Net cashflow: $-592

Break-even live

Break-even rent $1,627

Max offer price $80,488

Occupancy floor —

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2827 N Elsie Ave Unit 3 Davenport, IA	2.0	1.0	610	$900	$1.48	13d	1	0.39mi
3553 Heatherton Dr Davenport, IA	1.0–2.0	1.0	690	$875	$1.27	13d	2	0.43mi
3536 Heatherton Dr Unit 4 Davenport, IA	2.0	1.0	700	$825	$1.18	13d	1	0.43mi
901 W 15th St Davenport, IA	1.0–2.0	1.0–2.0	950	$895	$0.94	13d	1	1.12mi
2608 Wilkes Ave Davenport, IA	2.0	1.0	755	$950	$1.26	21d	1	1.33mi

Listing history 1 events

1. 2026-05-20
   listed $185,000 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: $2,854 · $238/mo
• Projected year-2 tax: $2,879 · $240/mo
• Expected delta: +$25/yr (+$2/mo · 0.9%)

ⓘ 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: $10,533
• − Mortgage interest: −$10,363
• − Property taxes: −$2,854
• − Insurance: −$925
• − Repairs & maintenance: −$843
• − Management: −$843
• − Depreciation: −$5,382
• Taxable loss: −$10,676
• Est. tax savings @ 24.0%: +$2,562
• After-tax cash flow: $-4,537/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

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%

Not yet ingested

• Political lean: —
• Race & ethnicity: —
• Common origin: —
• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• 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

1 event — show timeline

• 2026-05-20 Listed $185,000 MRED as Distributed by MLS Grid

Property tax history

+4.5%/yr

Latest (2025): $2,854 · +27.1% YoY. Source: county tax records.