3433 Fillmore St · Davenport, IA 52806

$145,000

4 bd · 1.0 ba · 1,139 sqft · SingleFamily public records · 6 Days on market

Built 1941 7,405 sqft lot $127/sqft · 10% below area Est $162k · 10% under

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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 +20.7/30.0
• ARV discount +12.2/15.0
• DSCR +6.6/10.0
• 1% rule +5.3/10.0
• Livability +4.0/5.0
• Schools +3.9/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great location and potential in this 4 bedroom home in Davenport, close to shopping, schools and parks! Really nice 2 car garage, fenced yard, newer windows and siding, large kitchen and more! Home being sold as-is.

Key facts

• Several parks
• Unfinished basement
• Convenience stores

Tags

• CENTRAL DAVENPORT
• SEVERAL PARKS
• CONVENIENCE STORES
• WILLIAMS MIDDLE SCHOOL
• OVERSIZED TWO CAR GARAGE
• UNFINISHED BASEMENT

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Parking: Detached garage (2 parking spaces total)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 1.5-story design; Built before 1978
• Construction: Vinyl siding exterior; Asphalt roof; Block foundation; Approximately 81–90 years old
• Exterior features: Fenced yard; Level lot (50 x 145)

Interior

• Kitchen: Range; Refrigerator; Eating area / table space
• Bedrooms: Master bedroom on main level (carpet); Bedroom on main level (11 x 8, carpet); Bedroom on main level (11 x 8, carpet); Bedroom on second level (9 x 25, carpet)
• Flooring: Hardwood; Laminate in kitchen; Carpet in bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas forced air heating; Central air conditioning
• Interior features: Finished full attic; Unfinished full basement; Kitchen/dining combo; 7 total rooms; Hardwood flooring in living areas
• Laundry & utility: Laundry room in basement (9 x 10); Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $196 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $145k).
• Cap rate 7.9% 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; 6 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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 $1k of loan paydown is wiped out by about $4k 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

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 9y 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.
• Current owner paid $115k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1941 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $145,000

Questions for the listing agent

1. Built in 1941 — 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 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: 1.03% ✓
• Cap rate: 7.91%
• Cash-on-cash: 5.78%
• DSCR: 1.26
• GRM: 8.1

CMA / ARV

• ARV (median comp): $161,890
• List price: $145,000
• Delta: -10.43%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1336 W 38th Pl Pl	0.28mi	3/1.0 (-1)	1,144 (+0%)	4mo	$175,000	$153	78
3418 Taylor St	0.04mi	3/1.0 (-1)	983 (-14%)	2mo	$87,000	$89	68
1514 W Garfield St	0.48mi	3/1.0 (-1)	1,148 (+1%)	6mo	$170,500	$149	66
3719 Wilkes Ave	0.48mi	3/1.5 (-1)	1,152 (+1%)	7mo	$192,000	$167	63
1602 W George Washington Blvd	0.34mi	3/2.0 (-1)	1,202 (+6%)	10mo	$199,900	$166	57
1818 W 38th St	0.55mi	4/2.0	1,080 (-5%)	9mo	$206,000	$191	54
1611 W Garfield St	0.55mi	4/2.0	1,067 (-6%)	8mo	$227,500	$213	53
2819 Pacific St	0.75mi	4/2.0	1,134 (-0%)	10mo	$220,000	$194	52
1548 W Central Park Ave	0.70mi	3/1.0 (-1)	1,206 (+6%)	2mo	$154,900	$128	50
1833 W Kimberly Rd	0.61mi	3/1.0 (-1)	1,248 (+10%)	4mo	$172,500	$138	48
2705 Fillmore Ln	0.54mi	3/1.5 (-1)	1,242 (+9%)	9mo	$250,000	$201	45
709 W 30th St	0.62mi	4/2.0	1,004 (-12%)	7mo	$186,375	$186	42

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: -8.7%
• Equity multiple: 0.68×
• Total profit: $-12,806
• Equity at exit: $21,620

10-year hold

• IRR: -0.8%
• Equity multiple: 0.95×
• Total profit: $-2,185
• Equity at exit: $12,537

Cash invested: $40,600 (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: 8.1×

Monthly cashflow live

• Estimated rent: $1,487 high
• Mortgage (P&I): −$760
• Tax from tax record: −$159 /mo · $1,904/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $196

Break-even live

Break-even rent $1,240

Max offer price $145,000

Occupancy floor 82%

Sensitivity live

Price	-10% $278	-5% $237	+0% $196	+5% $155	+10% $114
Rent	-10% $78	-5% $137	+0% $196	+5% $254	+10% $313
Rate	-1.0pp $269	-0.5pp $232	base $196	+0.5pp $158	+1.0pp $120

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2809 N Main St Davenport, IA	3.0	1.5	1000	$1,350	$1.35	21d	1	1.00mi
102 W 35th St Unit 105W_35 Davenport, IA	3.0	2.0	1500	$1,150	$0.77	44d	1	1.00mi
105 Colony Dr Davenport, IA	3.0	2.5	1500	$1,700	$1.13	44d	1	1.38mi
5337 Villa Dr Davenport, IA	2.0–3.0	2.5	1650	$2,045	$1.24	14d	1	1.44mi
537 W 16th St Davenport, IA	3.0	1.0	1311	$1,400	$1.07	44d	1	1.44mi
915 W 14th St Davenport, IA	3.0	1.0	1390	$900	$0.65	44d	1	1.50mi

Listing history 11 events

1. 2026-05-03
   status Pending 487-char remark
2. 2026-04-27
   listed $145,000 Active 487-char remark
3. 2021-08-06
   historical
4. 2021-03-26
   soldstatus $115,000

   Show marketing remark (217 chars)

   Great location and potential in this 4 bedroom home in Davenport, close to shopping, schools and parks! Really nice 2 car garage, fenced yard, newer windows and siding, large kitchen and more! Home being sold as-is.

5. 2021-03-26
   soldstatus $115,000

   Show marketing remark (217 chars)

   Great location and potential in this 4 bedroom home in Davenport, close to shopping, schools and parks! Really nice 2 car garage, fenced yard, newer windows and siding, large kitchen and more! Home being sold as-is.

6. 2021-02-22
   listed $110,000

   Show marketing remark (217 chars)

   Great location and potential in this 4 bedroom home in Davenport, close to shopping, schools and parks! Really nice 2 car garage, fenced yard, newer windows and siding, large kitchen and more! Home being sold as-is.

7. 2021-02-22
   listed $110,000

   Show marketing remark (217 chars)

   Great location and potential in this 4 bedroom home in Davenport, close to shopping, schools and parks! Really nice 2 car garage, fenced yard, newer windows and siding, large kitchen and more! Home being sold as-is.

8. 2017-09-22
   soldstatus $71,500
9. 2017-09-22
   soldstatus $71,500
10. 2017-06-06
    listed $77,500
11. 2017-06-06
    listed $77,500

ⓘ 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: $1,904 · $159/mo
• Projected year-2 tax: $2,090 · $174/mo
• Expected delta: +$186/yr (+$16/mo · 9.8%)

ⓘ 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: $17,849
• − Mortgage interest: −$8,122
• − Property taxes: −$1,904
• − Insurance: −$725
• − Repairs & maintenance: −$1,428
• − Management: −$1,428
• − Depreciation: −$4,218
• Taxable income: $24
• Est. tax owed @ 24.0%: −$6
• After-tax cash flow: $2,341/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): 26,871
• 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

+87.1% since first listed

11 events — show timeline

• 2026-05-03 Pending — MRED as Distributed by MLS Grid
• 2026-04-27 Listed $145,000 MRED as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-03-26 Sold (MLS) $115,000 MRED as Distributed by MLS Grid
• 2021-03-26 Sold (MLS) $115,000 RMLSA as Distributed by MLS Grid
• 2021-02-22 Listed $110,000 MRED as Distributed by MLS Grid
• 2021-02-22 Listed $110,000 RMLSA as Distributed by MLS Grid
• 2017-09-22 Sold (MLS) $71,500 RMLSA as Distributed by MLS Grid
• 2017-09-22 Sold (MLS) $71,500 MRED as Distributed by MLS Grid
• 2017-06-06 Listed $77,500 RMLSA as Distributed by MLS Grid
• 2017-06-06 Listed $77,500 MRED as Distributed by MLS Grid

Property tax history

+1.5%/yr

Latest (2025): $1,904 · +2.7% YoY. Source: county tax records.