1426 Davenport St · Le Claire, IA 52753

$214,900

3 bd · 1.5 ba · 1,640 sqft · SingleFamily public records · 69 Days on market

Built 1964 8,280 sqft lot $131/sqft · 27% below area Est $187k · 15% over

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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
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• Schools +7.6/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.7/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming ranch-style home in the heart of Le Claire, ready for its next owner! This well-maintained property features numerous recent updates, including new flooring, a beautifully remodeled kitchen, and updated bathroom. Offering 3 bedrooms and 1.5 baths, this home provides comfortable, functional living space. Enjoy a convenient location near schools, parks, and just minutes from downtown Le Claire's popular shops and restaurants. All appliances stay, with the refrigerator being negotiable. Truly move-in ready-just unpack and enjoy!

Key facts

• Near schools
• Remodeled kitchen
• Ranch-style home

Tags

• RANCH-STYLE HOME
• REMODELED KITCHEN
• UPDATED BATHROOM
• CONVENIENT LOCATION
• NEAR SCHOOLS
• NEAR PARKS

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $969 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $215k).
• Recommended offer: $202k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.7% vs local median 4.6% in Le Claire — 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 74/100 on livability (#256 in IA, #4,947 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Pleasant Valley Community School District (suburban): math 87% / reading 85% proficiency, ranked #5 of 289 in IA (top 2%) — strong family-tenant draw, lease renewals of 3-5y typical; only 8% free/reduced lunch — higher-income household profile.
• Market conditions: 80 active listings in the ZIP; 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 $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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $60k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 19y 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.

Recommended offer $202,006 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — 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. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.39% ✓
• Cap rate: 11.70%
• Cash-on-cash: 19.33%
• DSCR: 1.86
• GRM: 6.0

CMA / ARV

• ARV (median comp): $186,608
• List price: $214,900
• Delta: 15.16%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1216 Wisconsin St	0.20mi	3/2.0	1,664 (+2%)	12mo	$250,000	$150	76
1421 Kaylann Dr	0.09mi	3/2.0	1,564 (-5%)	21mo	$239,000	$153	69
903 Wild West Dr	0.60mi	3/2.0	1,683 (+3%)	6mo	$386,000	$229	60
702 Titus Ct	0.53mi	3/3.0	1,633 (-0%)	12mo	$415,000	$254	59
217 N 8th St	0.55mi	3/2.0	1,529 (-7%)	8mo	$240,000	$157	55
124 Riverview Heights Dr	0.54mi	4/3.5 (+1)	1,620 (-1%)	7mo	$445,000	$275	54
902 Wild West Dr	0.58mi	4/3.0 (+1)	1,720 (+5%)	8mo	$470,000	$273	47
17 Viola Dr	0.57mi	3/2.0	1,860 (+13%)	4mo	$566,586	$305	45
5 Frontier Ct	0.72mi	3/3.0	1,765 (+8%)	5mo	$420,000	$238	43
1039 Bluff Ln	0.37mi	4/3.5 (+1)	1,844 (+12%)	9mo	$450,000	$244	42
401 N 8th St	0.68mi	4/3.0 (+1)	1,526 (-7%)	7mo	$420,000	$275	40
223 S 8th St	0.49mi	4/3.0 (+1)	1,400 (-15%)	7mo	$352,000	$251	36

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.3%
• Equity multiple: 1.45×
• Total profit: $26,889
• Equity at exit: $32,042

10-year hold

• IRR: 20.3%
• Equity multiple: 2.71×
• Total profit: $102,845
• Equity at exit: $18,581

Cash invested: $60,172 (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 52753

• Home prices YoY: -31.0%
• Active inventory: 80
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,989 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$176 /mo · $2,106/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$628
• Net cashflow: $969

Break-even live

Break-even rent $1,762

Max offer price $214,900

Occupancy floor 63%

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: $53,725
• Closing costs: $6,447
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-13
   status $214,900 Pending 69 DOM
2. 2026-06-10
   days on market $214,900 Active 69 DOM
3. 2026-06-09
   days on market $214,900 Active 68 DOM
4. 2026-06-08
   days on market $214,900 Active 67 DOM
5. 2026-06-07
   days on market $214,900 Active 66 DOM
6. 2026-06-05
   days on market $214,900 Active 63 DOM
7. 2026-06-03
   days on market $214,900 Active 62 DOM
8. 2026-06-02
   days on market $214,900 Active 61 DOM
9. 2026-06-01
   days on market $214,900 Active 60 DOM
10. 2026-05-31
    days on market $214,900 Active 59 DOM
11. 2026-05-30
    days on market $214,900 Active 58 DOM
12. 2026-05-19
    price $214,900 540-char remark

    Show marketing remark (540 chars)

    Charming ranch-style home in the heart of Le Claire, ready for its next owner! This well-maintained property features numerous recent updates, including new flooring, a beautifully remodeled kitchen, and updated bathroom. Offering 3 bedrooms and 1.5 baths, this home provides comfortable, functional living space. Enjoy a convenient location near schools, parks, and just minutes from downtown Le Claire's popular shops and restaurants. All appliances stay, with the refrigerator being negotiable. Truly move-in ready-just unpack and enjoy!

13. 2026-04-02
    listed $224,900 Active 540-char remark

    Show marketing remark (540 chars)

    Charming ranch-style home in the heart of Le Claire, ready for its next owner! This well-maintained property features numerous recent updates, including new flooring, a beautifully remodeled kitchen, and updated bathroom. Offering 3 bedrooms and 1.5 baths, this home provides comfortable, functional living space. Enjoy a convenient location near schools, parks, and just minutes from downtown Le Claire's popular shops and restaurants. All appliances stay, with the refrigerator being negotiable. Truly move-in ready-just unpack and enjoy!

14. 2024-08-15
    soldstatus $210,000
15. 2024-07-26
    soldstatus $210,000 651-char remark

    Show marketing remark (651 chars)

    This newly renovated 3 bedroom, 1.5 bathroom home located in LeClaire and in Pleasant Valley School District has so much to offer. With a fresh exterior appearance, newly poured driveway and front deck, you will want to step inside! New LVP flooring throughout, fresh paint, updated kitchen cabinets and appliances, light fixtures, updated bathroom with custom tile work and nearly the entire basement finished! The living room, kitchen, three bedrooms and full bathroom are located on the main level with an additional living space and half bath located in the basement. Listing Agent Related to Seller. [AC/Furnace 2024, HWH 2024, Roof: 2015/2017]

16. 2024-07-26
    soldstatus $210,000 Closed 651-char remark

    Show marketing remark (651 chars)

    This newly renovated 3 bedroom, 1.5 bathroom home located in LeClaire and in Pleasant Valley School District has so much to offer. With a fresh exterior appearance, newly poured driveway and front deck, you will want to step inside! New LVP flooring throughout, fresh paint, updated kitchen cabinets and appliances, light fixtures, updated bathroom with custom tile work and nearly the entire basement finished! The living room, kitchen, three bedrooms and full bathroom are located on the main level with an additional living space and half bath located in the basement. Listing Agent Related to Seller. [AC/Furnace 2024, HWH 2024, Roof: 2015/2017]

17. 2024-06-12
    status Pending 651-char remark

    Show marketing remark (651 chars)

    This newly renovated 3 bedroom, 1.5 bathroom home located in LeClaire and in Pleasant Valley School District has so much to offer. With a fresh exterior appearance, newly poured driveway and front deck, you will want to step inside! New LVP flooring throughout, fresh paint, updated kitchen cabinets and appliances, light fixtures, updated bathroom with custom tile work and nearly the entire basement finished! The living room, kitchen, three bedrooms and full bathroom are located on the main level with an additional living space and half bath located in the basement. Listing Agent Related to Seller. [AC/Furnace 2024, HWH 2024, Roof: 2015/2017]

18. 2024-06-07
    listed $199,700 Active 651-char remark

    Show marketing remark (651 chars)

    This newly renovated 3 bedroom, 1.5 bathroom home located in LeClaire and in Pleasant Valley School District has so much to offer. With a fresh exterior appearance, newly poured driveway and front deck, you will want to step inside! New LVP flooring throughout, fresh paint, updated kitchen cabinets and appliances, light fixtures, updated bathroom with custom tile work and nearly the entire basement finished! The living room, kitchen, three bedrooms and full bathroom are located on the main level with an additional living space and half bath located in the basement. Listing Agent Related to Seller. [AC/Furnace 2024, HWH 2024, Roof: 2015/2017]

19. 2024-06-05
    listed $199,700 651-char remark

    Show marketing remark (651 chars)

    This newly renovated 3 bedroom, 1.5 bathroom home located in LeClaire and in Pleasant Valley School District has so much to offer. With a fresh exterior appearance, newly poured driveway and front deck, you will want to step inside! New LVP flooring throughout, fresh paint, updated kitchen cabinets and appliances, light fixtures, updated bathroom with custom tile work and nearly the entire basement finished! The living room, kitchen, three bedrooms and full bathroom are located on the main level with an additional living space and half bath located in the basement. Listing Agent Related to Seller. [AC/Furnace 2024, HWH 2024, Roof: 2015/2017]

20. 2024-03-29
    soldstatus $70,000
21. 2007-08-06
    soldstatus $89,900
22. 2007-08-06
    soldstatus $89,900
23. 2007-06-21
    listed $89,900
24. 2007-06-21
    listed $89,900

ⓘ 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: $2,106 · $176/mo
• Projected year-2 tax: $2,740 · $228/mo
• Expected delta: +$634/yr (+$53/mo · 30.1%)

ⓘ 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 ≥104°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,865
• − Mortgage interest: −$12,038
• − Property taxes: −$2,106
• − Insurance: −$1,074
• − Repairs & maintenance: −$2,869
• − Management: −$2,869
• − Depreciation: −$6,252
• Taxable income: $8,657
• Est. tax owed @ 24.0%: −$2,078
• After-tax cash flow: $9,552/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: Pleasant Valley Community School District
• NCES district ID: 1923110
• Math proficiency: 87% ▼ -4.00%
• Reading proficiency: 85% ▼ -2.00%
• Median HH income: $80,716
• Composite: 75.59/100
• National rank: #130
• State rank: #5 of 289 in IA

Livability — Le Claire

• Score: 74/100
• State rank: #256
• US rank: #4947

Category grades

Amenities F Commute F Cost of living A Crime A+ Employment A Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Le Claire, IA
• Population (ZIP): 6,111

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 (91%)
• Race & ethnicity: White 91% Two or more races 5% Asian 2% Hispanic / Latino 1%
• Common ancestry: Serbian 3% Italian 3% Slovak 2%
• Foreign-born: 0% · Canada
• Languages at home: 99% English-only · Spanish 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: ▼ -91.47%
• Current HPI: 203.798
• Rent YoY: —
• Metro: —
• 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

+139.0% since first listed

13 events — show timeline

• 2026-05-19 Price Changed $214,900 MRED as Distributed by MLS Grid
• 2026-04-02 Listed $224,900 MRED as Distributed by MLS Grid
• 2024-08-15 Sold (Public Records) $210,000 Public Records
• 2024-07-26 Sold (MLS) $210,000 RMLSA as Distributed by MLS Grid
• 2024-07-26 Sold (MLS) $210,000 MRED as Distributed by MLS Grid
• 2024-06-12 Pending — RMLSA as Distributed by MLS Grid
• 2024-06-07 Listed $199,700 RMLSA as Distributed by MLS Grid
• 2024-06-05 Listed $199,700 MRED as Distributed by MLS Grid
• 2024-03-29 Sold (Public Records) $70,000 Public Records
• 2007-08-06 Sold (MLS) $89,900 MRED as Distributed by MLS Grid
• 2007-08-06 Sold (MLS) $89,900 RMLSA as Distributed by MLS Grid
• 2007-06-21 Listed $89,900 MRED as Distributed by MLS Grid
• 2007-06-21 Listed $89,900 RMLSA as Distributed by MLS Grid

Property tax history

+2.3%/yr

Latest (2025): $2,106 · -7.3% YoY. Source: county tax records.