5511 N Linwood Ave #5509 · Davenport, IA 52806

$198,000

None bd · 2.0 ba · 2,124 sqft · MultiFamily · 18 Days on market

Built 1979 Good condition 7,684 sqft lot Est $178k · 11% over

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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 +26.2/30.0
• DSCR +8.9/10.0
• 1% rule +7.0/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• Schools +3.9/10.0
• Rent growth +3.0/5.0
• ARV discount +2.6/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks

This property has been completely updated from the flooring, paint, stairs, newer kitchen cabinets and both bathrooms updated. Leased through 4-1-27 for $2100/month & Tenant pays all utilities. New roof and A/C in "22"

Key facts

• New a c
• Updated bathrooms
• New roof

Tags

• NEWER KITCHEN CABINETS
• UPDATED BATHROOMS
• NEW ROOF
• NEW A C

Property features AI

Finance

• Other: Community: Wedgewood; No community amenities listed
• Financial info: Unit rents listed: one unit at $950, another at $1,150
• HOA & community: Association fee paid annually

Exterior

• Parking: 2 parking spaces
• Utilities: Public water; Public sewer
• Home design: Residential multi-family property; Frame construction with vinyl siding
• Construction: Frame construction; Vinyl siding
• Exterior features: Lot dimensions approximately 60.5 x 127; Residential zoning

Interior

• Kitchen: Dishwasher; Refrigerator; Microwave
• Flooring: Carpet
• Bathrooms: Units include half baths (some units have 1 half bath); Some units include one full bathroom
• Heating & cooling: Central air conditioning; Electric and natural gas heating; Forced air heating
• Interior features: Dining room in multiple units; Living room in multiple units; Full, unfinished concrete basement
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a ?-bed/2.0-bath multifamily listed at $198k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $508 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $198k).
• Recommended offer: $195k (1.5% 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: Rents rising (+1.8%/yr); 162 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 805 units permitted in Scott County in 2024 (479 in 5+ unit buildings).
• This rent runs 38% of the median local income ($74k/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 $1k of loan paydown is wiped out by about $6k 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

• It's been on market 18 days — a 2% lower offer ($195k) is reasonable based on typical stale-listing flexibility.

Recommended offer $195,030 (1.5% below list)

Questions for the listing agent

1. Built in 1979 — 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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.20% ✓
• Cap rate: 9.37%
• Cash-on-cash: 10.99%
• DSCR: 1.49
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $178,416
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5503 N Linwood Ave	0.02mi	—/—	2,124 (0%)	14mo	$180,000	$85	88
5510 N Division St	0.64mi	—/—	2,124 (0%)	5mo	$175,000	$82	66
5524 N Division St	0.64mi	—/—	2,124 (0%)	8mo	$172,000	$81	63
5436 N Division St	0.65mi	—/—	2,088 (-2%)	7mo	$175,000	$84	61

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 · 1.8% rent growth · sell at horizon

5-year hold

• IRR: -1.2%
• Equity multiple: 0.95×
• Total profit: $-2,533
• Equity at exit: $29,522

10-year hold

• IRR: 7.2%
• Equity multiple: 1.51×
• Total profit: $28,244
• Equity at exit: $17,119

Cash invested: $55,440 (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: 13.9×

Monthly cashflow live

• Estimated rent: $2,375 high
• Mortgage (P&I): −$1,038
• Tax est. 1.5%: −$248 /mo · $2,970/yr
• Insurance: −$82
• HOA: −$0
• Vacancy / Maint / Mgmt: −$499
• Net cashflow: $508

Break-even live

Break-even rent $1,732

Max offer price $198,000

Occupancy floor 74%

Sensitivity live

Price	-10% $645	-5% $576	+0% $508	+5% $439	+10% $371
Rent	-10% $320	-5% $414	+0% $508	+5% $602	+10% $696
Rate	-1.0pp $608	-0.5pp $558	base $508	+0.5pp $457	+1.0pp $404

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,376
Total (2 units)			$2,375

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: $49,500
• Closing costs: $5,940
• Reserves months: —
• Total cash needed: —

Rent comps 2 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	45d	1	0.13mi
5337 Villa Dr Davenport, IA	2.0–3.0	2.5	1650	$1,995	$1.21	14d	1	0.85mi

Listing history 13 events

1. 2026-06-21
   days on market $198,000 Active 18 DOM
2. 2026-06-18
   days on market $198,000 Active 15 DOM
3. 2026-06-17
   days on market $198,000 Active 14 DOM
4. 2026-06-16
   days on market $198,000 Active 13 DOM
5. 2026-06-15
   days on market $198,000 Active 12 DOM
6. 2026-06-14
   days on market $198,000 Active 10 DOM
7. 2026-06-13
   days on market $198,000 Active 9 DOM
8. 2026-06-10
   days on market $198,000 Active 7 DOM
9. 2026-06-09
   days on market $198,000 Active 6 DOM
10. 2026-06-08
    days on market $198,000 Active 5 DOM
11. 2026-06-07
    days on market $198,000 Active 4 DOM
12. 2026-06-03
    remarks 220-char remark
13. 2026-06-03
    listed $198,000 Active 1 DOM

ⓘ 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 (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: $28,500
• − Mortgage interest: −$11,091
• − Property taxes: −$2,970
• − Insurance: −$990
• − Repairs & maintenance: −$2,280
• − Management: −$2,280
• − Depreciation: −$5,760
• Taxable income: $3,129
• Est. tax owed @ 24.0%: −$751
• After-tax cash flow: $5,344/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.

Condition & rehab AI · 6 photos

Good 80/100 Cosmetic rehab

This multi-family property has been comprehensively updated with new flooring, paint, and appliances, making it move-in ready and well-suited for both resale and rental.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value
• Both Replace window seals — Improves energy efficiency and reduces maintenance costs

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Replace window seals — Improves energy efficiency and reduces maintenance costs ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

1 event — show timeline

• 2026-06-03 Listed $198,000 ICAARMLS