1012 Bridge Ave Ave · Davenport, IA 52803

$139,900

4 bd · 4.0 ba · 2,166 sqft · Other public records · 181 Days on market

Built 1900 10,500 sqft lot $65/sqft · at area comps Est $97k · 44% 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 +25.6/30.0
• DSCR +8.5/10.0
• 1% rule +7.3/10.0
• Livability +4.0/5.0
• Schools +3.9/10.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fantastic investment opporutnity with close to a 10% cap. This property is conveniently located within 5 miles to MercyOne Hospital, Palmer Chiropractic College, The Village of East Davenport, Downtown Davenport, and The Hilltop District in Davenport . 48hours notice for tenant rights in unit #1 & unit #2 . Unit#1 is located on main floor with 2 bedrooms and currently rented. Unit #2 is located upstairs and is currently rented. Units #3 is located on garden level and is currently Vacant and east to show. Off street parking as well as off street parking. Please See attached documents for cap rate and Rent Roll info. Professionally managed property.

Key facts

• Off street parking
• 0.24 acre lot
• 4 parking spots

Tags

• CLOSE TO MERCYONE HOSPITAL
• CLOSE TO DOWNTOWN DAVENPORT
• CLOSE TO THE HILLTOP DISTRICT
• OFF STREET PARKING

What this means for you Summary

Snapshot

• This is a 4-bed/4.0-bath other listed at $140k.

Deal economics

• At list price, monthly cash flow is $331 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.1% 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 fast (+4.6%/yr); 160 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 805 units permitted in Scott County in 2024 (479 in 5+ unit buildings).
• This rent runs 32% of the median local income ($65k/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 $967 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.
• At projected returns (-3.0% appreciation + 4.6% rent growth), your $39k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 181 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 9y ago; this cycle's ask is 22% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $96k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $123,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 181 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — 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: 1.23% ✓
• Cap rate: 9.13%
• Cash-on-cash: 10.14%
• DSCR: 1.45
• GRM: 6.8

CMA / ARV

• ARV (median comp): $96,827
• List price: $139,900
• Delta: 44.48%
• Verdict: OVERPRICED
• Comps: 6 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.57% rent growth · sell at horizon

5-year hold

• IRR: 0.8%
• Equity multiple: 1.03×
• Total profit: $1,240
• Equity at exit: $20,860

10-year hold

• IRR: 12.1%
• Equity multiple: 2.03×
• Total profit: $40,191
• Equity at exit: $12,096

Cash invested: $39,172 (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: 160
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,721 high
• Mortgage (P&I): −$734
• Tax from tax record: −$237 /mo · $2,843/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$362
• Net cashflow: $331

Break-even live

Break-even rent $1,302

Max offer price $139,900

Occupancy floor 76%

Sensitivity live

Price	-10% $410	-5% $371	+0% $331	+5% $291	+10% $252
Rent	-10% $195	-5% $263	+0% $331	+5% $399	+10% $467
Rate	-1.0pp $401	-0.5pp $367	base $331	+0.5pp $295	+1.0pp $258

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1527 Fulton Ct Davenport, IA	4.0	2.0	1850	$1,775	$0.96	44d	1	0.46mi
736 Federal St Davenport, IA	1.0–3.0	1.0–2.0	1186	$1,868	$1.57	22d	1	0.48mi
616 E 6th St Davenport, IA	4.0	1.0	1578	$1,712	$1.08	44d	1	0.53mi
309 E 11th St Davenport, IA	5.0	2.0	2925	$1,495	$0.51	22d	1	0.66mi
511 Pershing Ave Unit 301E Davenport, IA	3.0	2.0	1429	$2,126	$1.49	44d	1	0.79mi
119 E 13th St Davenport, IA	3.0	1.0	1728	$1,495	$0.87	44d	1	0.80mi
427 Pershing Ave Davenport, IA	3.0	2.0	1438	$2,288	$1.59	14d	3	0.81mi
2220 E Lombard St Davenport, IA	3.0	2.0	1500	$1,620	$1.08	44d	1	1.06mi
212 N Brady St Davenport, IA	2.0–3.0	2.0–3.0	1428	$2,600	$1.82	14d	4	1.06mi
1511 N Ripley St Davenport, IA	4.0	2.0	1872	$1,450	$0.77	22d	1	1.10mi
1323 N Gaines St Davenport, IA	4.0	2.0	1733	$1,350	$0.78	22d	1	1.28mi
621 W 15th St Davenport, IA	4.0	2.0	1833	$1,500	$0.82	14d	1	1.29mi

Listing history 40 events

1. 2026-06-18
   days on market $139,900 Active 181 DOM
2. 2026-06-17
   days on market $139,900 Active 180 DOM
3. 2026-06-16
   days on market $139,900 Active 179 DOM
4. 2026-06-15
   days on market $139,900 Active 178 DOM
5. 2026-06-14
   days on market $139,900 Active 176 DOM
6. 2026-06-13
   days on market $139,900 Active 175 DOM
7. 2026-06-10
   remarks 695-char remark
8. 2026-06-10
   days on market $139,900 Active 173 DOM
9. 2026-06-09
   days on market $139,900 Active 172 DOM
10. 2026-06-08
    days on market $139,900 Active 171 DOM
11. 2026-06-07
    days on market $139,900 Active 170 DOM
12. 2026-06-03
    days on market $139,900 Active 166 DOM
13. 2026-06-02
    days on market $139,900 Active 165 DOM
14. 2026-06-01
    days on market $139,900 Active 164 DOM
15. 2026-05-31
    days on market $139,900 Active 163 DOM
16. 2026-05-30
    days on market $139,900 Active 162 DOM
17. 2026-03-30
    price $139,900 659-char remark

    Show marketing remark (659 chars)

    Fantastic investment opporutnity with close to a 10% cap. This property is conveniently located within 5 miles to MercyOne Hospital, Palmer Chiropractic College, The Village of East Davenport, Downtown Davenport, and The Hilltop District in Davenport . 48hours notice for tenant rights in unit #1 & unit #2 . Unit#1 is located on main floor with 2 bedrooms and currently rented. Unit #2 is located upstairs and is currently rented. Units #3 is located on garden level and is currently Vacant and east to show. Off street parking as well as off street parking. Please See attached documents for cap rate and Rent Roll info. Professionally managed property.

18. 2026-01-07
    status Active 659-char remark

    Show marketing remark (659 chars)

    Fantastic investment opporutnity with close to a 10% cap. This property is conveniently located within 5 miles to MercyOne Hospital, Palmer Chiropractic College, The Village of East Davenport, Downtown Davenport, and The Hilltop District in Davenport . 48hours notice for tenant rights in unit #1 & unit #2 . Unit#1 is located on main floor with 2 bedrooms and currently rented. Unit #2 is located upstairs and is currently rented. Units #3 is located on garden level and is currently Vacant and east to show. Off street parking as well as off street parking. Please See attached documents for cap rate and Rent Roll info. Professionally managed property.

19. 2026-01-06
    historical 659-char remark

    Show marketing remark (659 chars)

    Fantastic investment opporutnity with close to a 10% cap. This property is conveniently located within 5 miles to MercyOne Hospital, Palmer Chiropractic College, The Village of East Davenport, Downtown Davenport, and The Hilltop District in Davenport . 48hours notice for tenant rights in unit #1 & unit #2 . Unit#1 is located on main floor with 2 bedrooms and currently rented. Unit #2 is located upstairs and is currently rented. Units #3 is located on garden level and is currently Vacant and east to show. Off street parking as well as off street parking. Please See attached documents for cap rate and Rent Roll info. Professionally managed property.

20. 2026-01-05
    historical 659-char remark

    Show marketing remark (659 chars)

    Fantastic investment opporutnity with close to a 10% cap. This property is conveniently located within 5 miles to MercyOne Hospital, Palmer Chiropractic College, The Village of East Davenport, Downtown Davenport, and The Hilltop District in Davenport . 48hours notice for tenant rights in unit #1 & unit #2 . Unit#1 is located on main floor with 2 bedrooms and currently rented. Unit #2 is located upstairs and is currently rented. Units #3 is located on garden level and is currently Vacant and east to show. Off street parking as well as off street parking. Please See attached documents for cap rate and Rent Roll info. Professionally managed property.

21. 2025-12-17
    historical
22. 2025-09-18
    price 659-char remark

    Show marketing remark (659 chars)

    Fantastic investment opporutnity with close to a 10% cap. This property is conveniently located within 5 miles to MercyOne Hospital, Palmer Chiropractic College, The Village of East Davenport, Downtown Davenport, and The Hilltop District in Davenport . 48hours notice for tenant rights in unit #1 & unit #2 . Unit#1 is located on main floor with 2 bedrooms and currently rented. Unit #2 is located upstairs and is currently rented. Units #3 is located on garden level and is currently Vacant and east to show. Off street parking as well as off street parking. Please See attached documents for cap rate and Rent Roll info. Professionally managed property.

23. 2025-09-12
    historical

    Show marketing remark (659 chars)

    Fantastic investment opporutnity with close to a 10% cap. This property is conveniently located within 5 miles to MercyOne Hospital, Palmer Chiropractic College, The Village of East Davenport, Downtown Davenport, and The Hilltop District in Davenport . 48hours notice for tenant rights in unit #1 & unit #2 . Unit#1 is located on main floor with 2 bedrooms and currently rented. Unit #2 is located upstairs and is currently rented. Units #3 is located on garden level and is currently Vacant and east to show. Off street parking as well as off street parking. Please See attached documents for cap rate and Rent Roll info. Professionally managed property.

24. 2025-09-12
    listed Active 659-char remark

    Show marketing remark (659 chars)

    Fantastic investment opporutnity with close to a 10% cap. This property is conveniently located within 5 miles to MercyOne Hospital, Palmer Chiropractic College, The Village of East Davenport, Downtown Davenport, and The Hilltop District in Davenport . 48hours notice for tenant rights in unit #1 & unit #2 . Unit#1 is located on main floor with 2 bedrooms and currently rented. Unit #2 is located upstairs and is currently rented. Units #3 is located on garden level and is currently Vacant and east to show. Off street parking as well as off street parking. Please See attached documents for cap rate and Rent Roll info. Professionally managed property.

25. 2025-05-23
    listed Active
26. 2023-10-17
    historical $495
27. 2023-10-08
    price $495
28. 2023-09-24
    listed
29. 2023-08-06
    historical
30. 2021-08-06
    historical
31. 2021-08-06
    historical
32. 2017-12-07
    soldstatus $95,500
33. 2017-12-07
    soldstatus $95,500
34. 2017-11-30
    soldstatus $95,500
35. 2017-10-02
    listed $115,000
36. 2017-10-02
    listed $115,000
37. 2017-10-02
    listed $115,000
38. 2013-10-08
    soldstatus $75,000
39. 2008-11-22
    historical
40. 2006-04-27
    soldstatus $73,000

ⓘ 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: $2,843 · $237/mo
• Projected year-2 tax: $2,843 · $237/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 · 15 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: $20,657
• − Mortgage interest: −$7,837
• − Property taxes: −$2,843
• − Insurance: −$700
• − Repairs & maintenance: −$1,653
• − Management: −$1,653
• − Depreciation: −$4,070
• Taxable income: $1,903
• Est. tax owed @ 24.0%: −$457
• After-tax cash flow: $3,516/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

+91.6% since first listed

24 events — show timeline

• 2026-03-30 Price Changed $139,900 MRED as Distributed by MLS Grid
• 2026-01-07 Relisted — MRED as Distributed by MLS Grid
• 2026-01-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2026-01-05 Listing Removed — MRED as Distributed by MLS Grid
• 2025-12-17 Listing Removed — MRED as Distributed by MLS Grid
• 2025-09-18 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-09-12 Listing Removed — RMLSA as Distributed by MLS Grid
• 2025-09-12 Listed — RMLSA as Distributed by MLS Grid
• 2025-05-23 Listed — RMLSA as Distributed by MLS Grid
• 2023-10-17 Rental Removed $495 APPFOLIO
• 2023-10-08 Price Changed $495 APPFOLIO
• 2023-09-24 Listed for Rent — APPFOLIO
• 2023-08-06 Rental Removed — APPFOLIO
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2017-12-07 Sold (MLS) $95,500 RMLSA as Distributed by MLS Grid
• 2017-12-07 Sold (MLS) $95,500 MRED as Distributed by MLS Grid
• 2017-11-30 Sold (MLS) $95,500 MRED as Distributed by MLS Grid
• 2017-10-02 Listed $115,000 MRED as Distributed by MLS Grid
• 2017-10-02 Listed $115,000 RMLSA as Distributed by MLS Grid
• 2017-10-02 Listed $115,000 MRED as Distributed by MLS Grid
• 2013-10-08 Sold (Public Records) $75,000 Public Records
• 2008-11-22 Listing Removed — MRED as Distributed by MLS Grid
• 2006-04-27 Sold (Public Records) $73,000 Public Records

Property tax history

+4.9%/yr

Latest (2025): $2,843 · +10.7% YoY. Source: county tax records.