740 E 9th St · Davenport, IA 52803

$40,000

3 bd · 1.0 ba · 1,078 sqft · SingleFamily public records · 28 Days on market

Built 1900 8,712 sqft lot $37/sqft · 64% below area ↓ 7% since listing

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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 +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

THIS HOME IS ON DOUBLE LOT WITH NEWER ROOF, FURNACE, AND UPDATED KITCHEN WITH WHITE CABINETS AND CERAMIC FLOOR. NEW BATH WITH 1ST FLOOR LAUNDRY AND CERAMIC FLOOR.

Key facts

• New furnace
• Main level laundry
• 8,712 sq ft lot

Tags

• MAIN LEVEL LAUNDRY
• NEW FURNACE
• WATER HEATER REPLACED
• EXTRA-LARGE FENCED YARD

Property features AI

Finance

• Other: Property not currently leased; Built before 1978
• Financial info: Tax exemptions: Homeowner
• HOA & community: No master association required

Exterior

• Parking: No parking details provided
• Security: No security features listed
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 1.5-story layout; Approximately 100+ years old; Fee simple ownership
• Construction: Asphalt roof; Stone foundation
• Exterior features: Deck; Fenced yard with chain link and wood fencing; Level to sloped lot

Interior

• Kitchen: Eating-area kitchen; Range; Gas oven; Refrigerator; Dishwasher
• Bedrooms: 2 bedrooms total (master on main; second bedroom on second level, 11 x 11)
• Flooring: Hardwood flooring in living room and master bedroom; Carpet in second bedroom; Ceramic tile in kitchen
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas forced-air heating; Window air conditioning units
• Interior features: First-floor bedroom; First-floor full bathroom; Kitchen/dining combo; Unfinished full basement
• Laundry & utility: Laundry located in bathroom; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $757 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $39k (1.5% below list) — sets the bar for market timing.
• Cap rate 29.0% 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.
• Zoned schools: Madison Elementary School (math 28% / reading 25%, grade F, #611 of 616 statewide, top 99%, 379 students, 73% FRL); Central High School (math 45% / reading 64%, grade C-, #290 of 336 statewide, top 87%, 1,505 students, 47% FRL) — zoned schools at 60% FRL track the district average.
• Market conditions: Rents rising fast (+4.6%/yr); 165 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d 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 $277 of loan paydown is wiped out by about $1k 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 + 4.6% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($39k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 24y ago; this cycle's ask has dropped $20k (33%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $39,400 (1.5% 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. 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: 3.40% ✓
• Cap rate: 28.99%
• Cash-on-cash: 81.07%
• DSCR: 4.61
• GRM: 2.5

CMA / ARV

• ARV (median comp): $111,784
• List price: $40,000
• Delta: -64.22%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
209 E 13th St	0.53mi	3/1.0	1,144 (+6%)	2mo	$45,000	$39	63

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: 83.2%
• Equity multiple: 4.92×
• Total profit: $43,937
• Equity at exit: $5,964

10-year hold

• IRR: 86.9%
• Equity multiple: 10.80×
• Total profit: $109,743
• Equity at exit: $3,458

Cash invested: $11,200 (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: 165
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $1,360 high
• Mortgage (P&I): −$210
• Tax from tax record: −$91 /mo · $1,093/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$286
• Net cashflow: $757

Break-even live

Break-even rent $402

Max offer price $40,000

Occupancy floor 39%

Sensitivity live

Price	-10% $779	-5% $768	+0% $757	+5% $745	+10% $734
Rent	-10% $649	-5% $703	+0% $757	+5% $810	+10% $864
Rate	-1.0pp $777	-0.5pp $767	base $757	+0.5pp $746	+1.0pp $736

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: $10,000
• Closing costs: $1,200
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
736 Federal St Davenport, IA	1.0–3.0	1.0–2.0	1186	$1,868	$1.57	22d	1	0.19mi
1105 Tremont Ave Unit 1107 Davenport, IA	2.0	1.0	728	$795	$1.09	15d	1	0.26mi
321 E 7th St Davenport, IA	1.0–2.0	1.0	825	$1,050	$1.27	15d	4	0.35mi
1301 Arlington Ave Unit 1305 Davenport, IA	2.0	1.0	900	$895	$0.99	15d	1	0.37mi
427 Iowa St Unit 1-C308 Davenport, IA	2.0	1.5	950	$1,354	$1.43	45d	1	0.38mi
1017 E 13th St Unit 1017 Davenport, IA	2.0	1.0	1335	$950	$0.71	22d	1	0.38mi
402 E 4th St Davenport, IA	1.0–2.0	1.0	805	$1,188	$1.48	15d	1	0.40mi
402 E 4th St Davenport, IA	1.0–2.0	1.0	749	$1,218	$1.63	45d	2	0.40mi
511 Pershing Ave Unit 301E Davenport, IA	3.0	2.0	1429	$2,126	$1.49	45d	1	0.42mi
511 Pershing Ave Unit 609W Davenport, IA	2.0	1.0	912	$1,317	$1.44	45d	1	0.42mi
511 Pershing Ave Unit 402W Davenport, IA	2.0	2.0	1106	$1,478	$1.34	45d	1	0.42mi
511 Pershing Ave Unit 106E Davenport, IA	3.0	2.0	1349	$1,996	$1.48	45d	1	0.42mi
511 Pershing Ave Unit 202W Davenport, IA	2.0	1.0	1201	$1,601	$1.33	45d	1	0.42mi
511 Pershing Ave Unit 102W Davenport, IA	2.0	1.0	1173	$1,506	$1.28	45d	1	0.42mi
511 Pershing Ave Unit 407W Davenport, IA	2.0	2.0	1175	$1,568	$1.33	45d	1	0.42mi
511 Pershing Ave Apt 602W Davenport, IA	2.0	2.0	948	$1,367	$1.44	45d	1	0.42mi
511 Pershing Ave Unit 101W Davenport, IA	2.0	1.0	1280	$1,704	$1.33	45d	1	0.42mi
511 Pershing Ave Unit 105E Davenport, IA	2.0	2.0	1100	$1,635	$1.49	45d	1	0.42mi
427 Pershing Ave Davenport, IA	3.0	2.0	1438	$2,288	$1.59	15d	3	0.43mi
1421 Grand Ave Unit 1 Davenport, IA	2.0	1.0	1015	$850	$0.84	45d	1	0.48mi
427 N Brady St Unit 1 Davenport, IA	3.0	1.5	1126	$1,359	$1.21	45d	1	0.56mi
427 N Brady St Unit 6 Davenport, IA	2.0	1.0	916	$995	$1.09	45d	1	0.56mi
200 E 3rd St Davenport, IA	1.0–2.0	1.0–2.0	900	$1,700	$1.89	15d	2	0.56mi
401 Brady St Davenport, IA	1.0–3.0	1.0–2.0	870	$2,100	$2.41	15d	2	0.60mi
324 S Brady St Davenport, IA	1.0–2.0	1.0–2.0	965	$1,700	$1.76	22d	2	0.63mi
106 E 3rd St Davenport, IA	1.0–2.0	1.0	812	$1,299	$1.60	45d	1	0.63mi
317 Kirkwood Blvd Davenport, IA	2.0	1.0	1300	$950	$0.73	45d	1	0.64mi
410 N Main St Unit 230 Davenport, IA	2.0	1.0	800	$1,250	$1.56	45d	1	0.67mi
133 W 13th St Apt 3 Davenport, IA	2.0	1.0	800	$1,150	$1.44	15d	1	0.67mi
212 N Brady St Davenport, IA	2.0–3.0	2.0–3.0	1428	$2,600	$1.82	15d	4	0.68mi
1421 N Main St #2 Davenport, IA	3.0	1.0	1350	$1,095	$0.81	45d	1	0.74mi
1812 Pershing Ave Unit 1 Davenport, IA	3.0	1.0	1000	$1,200	$1.20	22d	1	0.78mi
201 E Locust St Unit Sw Davenport, IA	2.0	1.0	1000	$875	$0.88	45d	1	0.82mi
1519 N Ripley St Davenport, IA	2.0	1.0	1144	$1,100	$0.96	15d	1	0.91mi
1615 1/2 N Ripley St Davenport, IA	2.0	1.0	900	$825	$0.92	45d	1	0.95mi
2209 Farnam St Unit 2211 Davenport, IA	3.0	1.0	1138	$1,050	$0.92	22d	1	1.00mi
2224 Iowa St Unit 2224 Davenport, IA	2.0	1.0	1214	$925	$0.76	45d	1	1.04mi
2224 Iowa St Davenport, IA	2.0	1.0	1214	$895	$0.74	45d	1	1.04mi
537 W 16th St Davenport, IA	3.0	1.0	1311	$1,400	$1.07	45d	1	1.06mi
730 Brown St Unit 3 Davenport, IA	2.0	1.0	1000	$800	$0.80	45d	1	1.07mi

Listing history 19 events

1. 2026-06-13
   status $40,000 Pending 28 DOM
2. 2026-06-10
   days on market $40,000 Active 28 DOM
3. 2026-06-09
   days on market $40,000 Active 27 DOM
4. 2026-06-08
   days on market $40,000 Active 26 DOM
5. 2026-06-07
   days on market $40,000 Active 25 DOM
6. 2026-06-03
   days on market $40,000 Active 21 DOM
7. 2026-06-02
   days on market $40,000 Active 20 DOM
8. 2026-06-01
   days on market $40,000 Active 19 DOM
9. 2026-05-31
   days on market $40,000 Active 18 DOM
10. 2026-05-30
    days on market $40,000 Active 17 DOM
11. 2026-05-13
    listed $60,000 Active 230-char remark
12. 2021-08-06
    historical
13. 2007-03-01
    soldstatus $40,000
14. 2007-02-28
    soldstatus $39,900

    Show marketing remark (162 chars)

    THIS HOME IS ON DOUBLE LOT WITH NEWER ROOF, FURNACE, AND UPDATED KITCHEN WITH WHITE CABINETS AND CERAMIC FLOOR. NEW BATH WITH 1ST FLOOR LAUNDRY AND CERAMIC FLOOR.

15. 2007-02-28
    soldstatus $39,900

    Show marketing remark (162 chars)

    THIS HOME IS ON DOUBLE LOT WITH NEWER ROOF, FURNACE, AND UPDATED KITCHEN WITH WHITE CABINETS AND CERAMIC FLOOR. NEW BATH WITH 1ST FLOOR LAUNDRY AND CERAMIC FLOOR.

16. 2006-12-06
    listed $39,900

    Show marketing remark (162 chars)

    THIS HOME IS ON DOUBLE LOT WITH NEWER ROOF, FURNACE, AND UPDATED KITCHEN WITH WHITE CABINETS AND CERAMIC FLOOR. NEW BATH WITH 1ST FLOOR LAUNDRY AND CERAMIC FLOOR.

17. 2006-12-06
    listed $39,900

    Show marketing remark (162 chars)

    THIS HOME IS ON DOUBLE LOT WITH NEWER ROOF, FURNACE, AND UPDATED KITCHEN WITH WHITE CABINETS AND CERAMIC FLOOR. NEW BATH WITH 1ST FLOOR LAUNDRY AND CERAMIC FLOOR.

18. 2003-02-05
    soldstatus $37,000
19. 2002-09-09
    listed $42,900

ⓘ 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: $1,093 · $91/mo
• Projected year-2 tax: $1,093 · $91/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: $16,316
• − Mortgage interest: −$2,241
• − Property taxes: −$1,093
• − Insurance: −$200
• − Repairs & maintenance: −$1,305
• − Management: −$1,305
• − Depreciation: −$1,164
• Taxable income: $9,009
• Est. tax owed @ 24.0%: −$2,162
• After-tax cash flow: $6,918/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

-6.8% since first listed

11 events — show timeline

• 2026-06-10 Pending — MRED as Distributed by MLS Grid
• 2026-05-19 Price Changed $40,000 MRED as Distributed by MLS Grid
• 2026-05-13 Listed $60,000 MRED as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2007-03-01 Sold (Public Records) $40,000 Public Records
• 2007-02-28 Sold (MLS) $39,900 RMLSA as Distributed by MLS Grid
• 2007-02-28 Sold (MLS) $39,900 MRED as Distributed by MLS Grid
• 2006-12-06 Listed $39,900 RMLSA as Distributed by MLS Grid
• 2006-12-06 Listed $39,900 MRED as Distributed by MLS Grid
• 2003-02-05 Sold (MLS) $37,000 RMLSA as Distributed by MLS Grid
• 2002-09-09 Listed $42,900 RMLSA as Distributed by MLS Grid

Property tax history

+4.6%/yr

Latest (2025): $1,093 · +17.7% YoY. Source: county tax records.