1532 N Sturdevant St · Davenport, IA 52804

$59,900

3 bd · 1.0 ba · 1,230 sqft · SingleFamily public records · 1 Days on market

Built 1900 392 sqft lot

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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 +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Super cute 2 bedroom, 1 bath bungalow with over 1200 sq ft of living space, a 1 car detached garage and fenced yard in a great neighborhood is ready for its next owner! Some nice updates have been made to the kitchen and bathroom. Updated tub, vanity and toilet. Home still needs a little TLC, but would be awesome with a few improvements. Eat in kitchen is a really nice size, and features a island and pantry. There is also a formal dining room and good size living room. Convenient main floor laundry. Porch/3 Season room at the front of the house. The basement is very large with more than one level, and has a walkout door. Roof 2016. Garage door needs repair.

Key facts

• Built 1900

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $408 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Cap rate 14.5% 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 (+4.0%/yr); 161 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% 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 $414 of loan paydown is wiped out by about $2k 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 + 4.0% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 21y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $59,900

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.89% ✓
• Cap rate: 14.48%
• Cash-on-cash: 29.22%
• DSCR: 2.30
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $137,760
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1341 W 14th St	0.34mi	3/1.5	1,244 (+1%)	1mo	$131,900	$106	80
2102 W 18th St	0.46mi	3/1.0	1,236 (+0%)	1mo	$155,000	$125	76
1442 W High St	0.41mi	2/2.0 (-1)	1,263 (+3%)	0mo	$130,000	$103	67
2217 W 13th St	0.59mi	3/1.0	1,200 (-2%)	2mo	$157,000	$131	67
1324 Marquette St	0.41mi	3/2.0	1,302 (+6%)	1mo	$115,000	$88	66
2030 N Sturdevant St	0.32mi	2/1.5 (-1)	1,326 (+8%)	1mo	$40,000	$30	64
1548 W Central Park Ave	0.69mi	3/1.0	1,206 (-2%)	2mo	$154,900	$128	63
1649 Florence Ln Ln	0.49mi	3/2.0	1,150 (-6%)	2mo	$120,000	$104	61
1525 W High St St	0.34mi	2/1.5 (-1)	1,096 (-11%)	2mo	$148,000	$135	58
1219 W 8th St	0.67mi	2/2.0 (-1)	1,260 (+2%)	2mo	$129,000	$102	54
911 W 16th St	0.65mi	3/1.0	1,356 (+10%)	1mo	$152,000	$112	51
1629 W Columbia Ave	0.73mi	3/2.5	1,400 (+14%)	0mo	$243,900	$174	37

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 · 3.99% rent growth · sell at horizon

5-year hold

• IRR: 24.9%
• Equity multiple: 2.04×
• Total profit: $17,505
• Equity at exit: $8,931

10-year hold

• IRR: 33.4%
• Equity multiple: 4.20×
• Total profit: $53,744
• Equity at exit: $5,179

Cash invested: $16,772 (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 52804

• Home prices YoY: -25.3%
• Rents YoY: 4.0%
• Active inventory: 161
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,130 high
• Mortgage (P&I): −$314
• Tax from tax record: −$145 /mo · $1,742/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$237
• Net cashflow: $408

Break-even live

Break-even rent $613

Max offer price $59,900

Occupancy floor 59%

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1445 W 16th St Unit 3 Davenport, IA	2.0	1.0	765	$915	$1.20	43d	1	0.18mi
1455 W 12th St Davenport, IA	3.0	1.0	942	$1,095	$1.16	13d	1	0.35mi
1607 W 12th St Davenport, IA	1.0–2.0	1.0	800	$740	$0.93	43d	3	0.39mi
1716 W 7th St Davenport, IA	4.0	1.0	1278	$1,712	$1.34	13d	1	0.63mi
627 N Division St Davenport, IA	2.0	1.0	800	$800	$1.00	43d	1	0.65mi
915 W 14th St Davenport, IA	3.0	1.0	1390	$900	$0.65	43d	1	0.66mi
2608 Wilkes Ave Davenport, IA	2.0	1.0	755	$950	$1.26	20d	1	0.71mi
1529 W 6th St Davenport, IA	2.0	1.0	794	$850	$1.07	13d	1	0.72mi
1318 1/2 Brown St Davenport, IA	2.0	1.0	900	$875	$0.97	20d	1	0.76mi
1315 Brown St Unit 2 Davenport, IA	3.0	1.0	1300	$1,250	$0.96	20d	1	0.79mi
901 W 15th St Davenport, IA	1.0–2.0	1.0–2.0	950	$895	$0.94	13d	1	0.80mi
537 W 16th St Davenport, IA	3.0	1.0	1311	$1,400	$1.07	43d	1	0.91mi
1341 W 4th St Davenport, IA	3.0	1.5	979	$1,394	$1.42	43d	1	0.92mi
730 Brown St Unit 3 Davenport, IA	2.0	1.0	1000	$800	$0.80	43d	1	0.94mi
1519 N Ripley St Davenport, IA	2.0	1.0	1144	$1,100	$0.96	13d	1	1.07mi
1615 1/2 N Ripley St Davenport, IA	2.0	1.0	900	$825	$0.92	43d	1	1.08mi
445 Waverly Rd Davenport, IA	2.0	1.0	980	$1,200	$1.22	43d	1	1.15mi
1912 Dixwell St Davenport, IA	4.0	2.0	1116	$1,300	$1.16	43d	1	1.21mi
1421 N Main St #2 Davenport, IA	3.0	1.0	1350	$1,095	$0.81	43d	1	1.23mi
133 W 13th St Apt 3 Davenport, IA	2.0	1.0	800	$1,150	$1.44	13d	1	1.25mi
2638 N Clark St Unit 2 Davenport, IA	3.0	1.5	1200	$1,250	$1.04	13d	1	1.36mi
201 E Locust St Unit Sw Davenport, IA	2.0	1.0	1000	$875	$0.88	43d	1	1.38mi
1812 Pershing Ave Unit 1 Davenport, IA	3.0	1.0	1000	$1,200	$1.20	20d	1	1.43mi
410 N Main St Unit 230 Davenport, IA	2.0	1.0	800	$1,250	$1.56	43d	1	1.46mi
317 Kirkwood Blvd Davenport, IA	2.0	1.0	1300	$950	$0.73	43d	1	1.48mi

Listing history 16 events

1. 2026-05-26
   listed $59,900 Active
2. 2022-08-30
   soldstatus $75,000
3. 2022-08-01
   soldstatus $75,000 667-char remark

   Show marketing remark (667 chars)

   Super cute 2 bedroom, 1 bath bungalow with over 1200 sq ft of living space, a 1 car detached garage and fenced yard in a great neighborhood is ready for its next owner! Some nice updates have been made to the kitchen and bathroom. Updated tub, vanity and toilet. Home still needs a little TLC, but would be awesome with a few improvements. Eat in kitchen is a really nice size, and features a island and pantry. There is also a formal dining room and good size living room. Convenient main floor laundry. Porch/3 Season room at the front of the house. The basement is very large with more than one level, and has a walkout door. Roof 2016. Garage door needs repair.

4. 2022-08-01
   soldstatus $75,000 667-char remark

   Show marketing remark (667 chars)

   Super cute 2 bedroom, 1 bath bungalow with over 1200 sq ft of living space, a 1 car detached garage and fenced yard in a great neighborhood is ready for its next owner! Some nice updates have been made to the kitchen and bathroom. Updated tub, vanity and toilet. Home still needs a little TLC, but would be awesome with a few improvements. Eat in kitchen is a really nice size, and features a island and pantry. There is also a formal dining room and good size living room. Convenient main floor laundry. Porch/3 Season room at the front of the house. The basement is very large with more than one level, and has a walkout door. Roof 2016. Garage door needs repair.

5. 2022-07-01
   listed $79,900 667-char remark

   Show marketing remark (667 chars)

   Super cute 2 bedroom, 1 bath bungalow with over 1200 sq ft of living space, a 1 car detached garage and fenced yard in a great neighborhood is ready for its next owner! Some nice updates have been made to the kitchen and bathroom. Updated tub, vanity and toilet. Home still needs a little TLC, but would be awesome with a few improvements. Eat in kitchen is a really nice size, and features a island and pantry. There is also a formal dining room and good size living room. Convenient main floor laundry. Porch/3 Season room at the front of the house. The basement is very large with more than one level, and has a walkout door. Roof 2016. Garage door needs repair.

6. 2022-07-01
   listed $79,900 667-char remark

   Show marketing remark (667 chars)

   Super cute 2 bedroom, 1 bath bungalow with over 1200 sq ft of living space, a 1 car detached garage and fenced yard in a great neighborhood is ready for its next owner! Some nice updates have been made to the kitchen and bathroom. Updated tub, vanity and toilet. Home still needs a little TLC, but would be awesome with a few improvements. Eat in kitchen is a really nice size, and features a island and pantry. There is also a formal dining room and good size living room. Convenient main floor laundry. Porch/3 Season room at the front of the house. The basement is very large with more than one level, and has a walkout door. Roof 2016. Garage door needs repair.

7. 2021-08-06
   historical
8. 2021-08-06
   historical
9. 2017-03-15
   soldstatus $52,000
10. 2012-10-23
    soldstatus $52,000
11. 2010-04-13
    soldstatus $15,000
12. 2010-04-13
    soldstatus $15,000
13. 2010-02-25
    listed $15,000
14. 2010-02-25
    listed $15,000
15. 2005-12-09
    soldstatus $49,900
16. 2005-06-03
    listed $59,990

ⓘ 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: $1,742 · $145/mo
• Projected year-2 tax: $1,742 · $145/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 6/10 Major FEMA zone X (unshaded) · 72% 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: $13,560
• − Mortgage interest: −$3,355
• − Property taxes: −$1,742
• − Insurance: −$300
• − Repairs & maintenance: −$1,085
• − Management: −$1,085
• − Depreciation: −$1,743
• Taxable income: $4,251
• Est. tax owed @ 24.0%: −$1,020
• After-tax cash flow: $3,881/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): 26,835
• Household income: $65,849
• Rent vs Own: 32.9% rent · 67.1% own
• Severe rent burden: 830.0

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% Black 10% Hispanic / Latino 10% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Iranian 2% Romanian 2% Portuguese 1%
• Foreign-born: 4% · Canada, China, Vietnam
• Languages at home: 94% English-only · Spanish 3% Russian/Polish/Slavic 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: ▼ -66.50%
• Current HPI: 196.2267
• Rent YoY: ▲ 3.99%
• 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

-0.2% since first listed

16 events — show timeline

• 2026-05-26 Listed $59,900 MRED as Distributed by MLS Grid
• 2022-08-30 Sold (Public Records) $75,000 Public Records
• 2022-08-01 Sold (MLS) $75,000 RMLSA as Distributed by MLS Grid
• 2022-08-01 Sold (MLS) $75,000 MRED as Distributed by MLS Grid
• 2022-07-01 Listed $79,900 RMLSA as Distributed by MLS Grid
• 2022-07-01 Listed $79,900 MRED as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2017-03-15 Sold (Public Records) $52,000 Public Records
• 2012-10-23 Sold (Public Records) $52,000 Public Records
• 2010-04-13 Sold (MLS) $15,000 MRED as Distributed by MLS Grid
• 2010-04-13 Sold (MLS) $15,000 RMLSA as Distributed by MLS Grid
• 2010-02-25 Listed $15,000 MRED as Distributed by MLS Grid
• 2010-02-25 Listed $15,000 RMLSA as Distributed by MLS Grid
• 2005-12-09 Sold (MLS) $49,900 RMLSA as Distributed by MLS Grid
• 2005-06-03 Listed $59,990 RMLSA as Distributed by MLS Grid

Property tax history

+1.7%/yr

Latest (2025): $1,742 · -5.9% YoY. Source: county tax records.