1640 W 3rd St · Davenport, IA 52802

$110,000

3 bd · 1.5 ba · 2,234 sqft · SingleFamily public records · 93 Days on market

Built 1905 8,973 sqft lot $49/sqft · 27% below area Est $151k · 27% 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 +26.2/30.0
• ARV discount +15.0/15.0
• DSCR +8.9/10.0
• 1% rule +7.5/10.0
• Livability +4.0/5.0
• Schools +3.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

4-bed, 1.5-bath home in Davenport offering over 2,000 sq. ft. of finished space and filled with original character. This 2-story home features hardwood floors, original trim, and classic interior doors that highlight its timeless style. The main level includes a living room, dining room, kitchen, bathroom, and the primary bedroom for convenient main-floor living. Upstairs, three additional bedrooms and a second bathroom provide plenty of space. The unfinished attic offers potential for additional finished space such as a large primary suite or rec room. Outside, the property includes a fenced backyard with a large deck, along with a detached 3-car garage and a storage shed that stays with the home. The property was previously tenant occupied, with the most recent tenant paying $1,525 per month in rent. Schedule your showing today to see everything this Davenport home has to offer.

Key facts

• Large deck
• Original trim
• Fenced backyard

Tags

• HARDWOOD FLOORS
• ORIGINAL TRIM
• CLASSIC INTERIOR DOORS
• FENCED BACKYARD
• LARGE DECK
• DETACHED GARAGE

🏷️ Possibly a rental listed for sale. The $110,000 price doesn't fit this home's estimated sale value (~$150,590) 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 $110k.

Deal economics

• At list price, monthly cash flow is $282 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $100k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.4% 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: 68 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 805 units permitted in Scott County in 2024 (479 in 5+ unit buildings).
• This rent runs 30% of the median local income ($54k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k 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 + 3.0% rent growth), your $31k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($100k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1905 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $100,100 (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 1905 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.25% ✓
• Cap rate: 9.37%
• Cash-on-cash: 10.98%
• DSCR: 1.49
• GRM: 6.7

CMA / ARV

• ARV (median comp): $150,590
• List price: $110,000
• Delta: -26.95%
• Verdict: UNDERPRICED
• Comps: 19 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1819 W 6th St	0.22mi	3/1.0	2,054 (-8%)	2mo	$127,000	$62	73
2218 Newberry St	0.67mi	3/1.5	2,228 (-0%)	0mo	$255,000	$114	68
817 Marquette St	0.66mi	4/2.0 (+1)	2,144 (-4%)	4mo	$130,000	$61	52

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: 0.1%
• Equity multiple: 1.01×
• Total profit: $166
• Equity at exit: $16,401

10-year hold

• IRR: 9.8%
• Equity multiple: 1.76×
• Total profit: $23,441
• Equity at exit: $9,511

Cash invested: $30,800 (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 52802

• Home prices YoY: -28.3%
• Active inventory: 68
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,374 high
• Mortgage (P&I): −$577
• Tax from tax record: −$181 /mo · $2,169/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$288
• Net cashflow: $282

Break-even live

Break-even rent $1,017

Max offer price $110,000

Occupancy floor 74%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2424 Telegraph Rd Davenport, IA	4.0	2.0	2000	$1,750	$0.88	43d	1	0.81mi
1723 W Locust St Davenport, IA	3.0	1.0	1690	$1,395	$0.83	43d	1	1.04mi
1323 N Gaines St Davenport, IA	4.0	2.0	1733	$1,350	$0.78	21d	1	1.21mi
621 W 15th St Davenport, IA	4.0	2.0	1833	$1,500	$0.82	13d	1	1.27mi
212 N Brady St Davenport, IA	2.0–3.0	2.0–3.0	1428	$2,600	$1.82	13d	4	1.39mi
1511 N Ripley St Davenport, IA	4.0	2.0	1872	$1,450	$0.77	21d	1	1.46mi

Listing history 21 events

1. 2026-06-18
   days on market $110,000 Active 93 DOM
2. 2026-06-17
   days on market $110,000 Active 92 DOM
3. 2026-06-16
   days on market $110,000 Active 91 DOM
4. 2026-06-15
   days on market $110,000 Active 90 DOM
5. 2026-06-14
   days on market $110,000 Active 88 DOM
6. 2026-06-13
   days on market $110,000 Active 87 DOM
7. 2026-06-10
   days on market $110,000 Active 85 DOM
8. 2026-06-09
   days on market $110,000 Active 84 DOM
9. 2026-06-08
   days on market $110,000 Active 83 DOM
10. 2026-06-07
    days on market $110,000 Active 82 DOM
11. 2026-06-03
    status $110,000 Active 78 DOM
12. 2026-04-15
    price $110,000 893-char remark

    Show marketing remark (893 chars)

    4-bed, 1.5-bath home in Davenport offering over 2,000 sq. ft. of finished space and filled with original character. This 2-story home features hardwood floors, original trim, and classic interior doors that highlight its timeless style. The main level includes a living room, dining room, kitchen, bathroom, and the primary bedroom for convenient main-floor living. Upstairs, three additional bedrooms and a second bathroom provide plenty of space. The unfinished attic offers potential for additional finished space such as a large primary suite or rec room. Outside, the property includes a fenced backyard with a large deck, along with a detached 3-car garage and a storage shed that stays with the home. The property was previously tenant occupied, with the most recent tenant paying $1,525 per month in rent. Schedule your showing today to see everything this Davenport home has to offer.

13. 2026-03-09
    listed $120,000 Active 893-char remark

    Show marketing remark (893 chars)

    4-bed, 1.5-bath home in Davenport offering over 2,000 sq. ft. of finished space and filled with original character. This 2-story home features hardwood floors, original trim, and classic interior doors that highlight its timeless style. The main level includes a living room, dining room, kitchen, bathroom, and the primary bedroom for convenient main-floor living. Upstairs, three additional bedrooms and a second bathroom provide plenty of space. The unfinished attic offers potential for additional finished space such as a large primary suite or rec room. Outside, the property includes a fenced backyard with a large deck, along with a detached 3-car garage and a storage shed that stays with the home. The property was previously tenant occupied, with the most recent tenant paying $1,525 per month in rent. Schedule your showing today to see everything this Davenport home has to offer.

14. 2021-08-06
    historical
15. 2021-02-08
    soldstatus $190,000
16. 2016-08-08
    soldstatus $92,000
17. 2008-10-30
    soldstatus $84,500
18. 2008-10-27
    soldstatus $84,500
19. 2008-10-27
    soldstatus $84,500
20. 2008-06-08
    listed $86,001
21. 2008-06-08
    listed $86,001

ⓘ 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: $2,169 · $181/mo
• Projected year-2 tax: $2,169 · $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 ≥104°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: $16,484
• − Mortgage interest: −$6,162
• − Property taxes: −$2,169
• − Insurance: −$550
• − Repairs & maintenance: −$1,319
• − Management: −$1,319
• − Depreciation: −$3,200
• Taxable income: $1,765
• Est. tax owed @ 24.0%: −$424
• After-tax cash flow: $2,957/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): 9,466
• Household income: $54,380
• Rent vs Own: 29.4% rent · 70.6% own
• Severe rent burden: 244.0

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 (71%)
• Race & ethnicity: White 71% Hispanic / Latino 14% Two or more races 10% Black 5% Asian 1%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Romanian 2% Lithuanian 1% Italian 1%
• Foreign-born: 4% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 7%

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: ▼ -59.59%
• Current HPI: 151.2076
• Rent YoY: —
• 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

+27.9% since first listed

10 events — show timeline

• 2026-04-15 Price Changed $110,000 MRED as Distributed by MLS Grid
• 2026-03-09 Listed $120,000 MRED as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-02-08 Sold (Public Records) $190,000 Public Records
• 2016-08-08 Sold (Public Records) $92,000 Public Records
• 2008-10-30 Sold (Public Records) $84,500 Public Records
• 2008-10-27 Sold (MLS) $84,500 MRED as Distributed by MLS Grid
• 2008-10-27 Sold (MLS) $84,500 RMLSA as Distributed by MLS Grid
• 2008-06-08 Listed $86,001 MRED as Distributed by MLS Grid
• 2008-06-08 Listed $86,001 RMLSA as Distributed by MLS Grid

Property tax history

+3.2%/yr

Latest (2025): $2,169 · +50.8% YoY. Source: county tax records.