1208 W 5th St · Davenport, IA 52802

$105,000

4 bd · 2.5 ba · 1,476 sqft · MultiFamily public records · 38 Days on market

Built 1900 3,049 sqft lot Est $86k · 22% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Schools +3.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

Nicely updated side-by-side duplex just minutes from Downtown Davenport-a great opportunity for investors. Unit 1208 features a large updated kitchen, full bath, main floor laundry hookups (gas dryer), basement storage, and a spacious upper level bedroom. A new lease begins June 1, 2026, offering immediate income. Unit 1210 is tenant occupied, providing stable cash flow. Convenient location near downtown amenities, parks, and major roadways. 24hour notice required; 48 hours preferred for showings.

Key facts

• Updated kitchen
• Convenient location
• Basement storage

Tags

• UPDATED KITCHEN
• MAINFLOOR LAUNDRY HOOKUPS
• BASEMENT STORAGE
• SPACIOUS UPPERLEVEL BEDROOM
• CONVENIENT LOCATION

Property features AI

Finance

• Other: Property parcel number: H005710; Lot dimensions approximately 32 x 100 (less than 0.25 acre)
• Financial info: Gross income reported: $10,300

Exterior

• Parking: Off-street parking for 2 vehicles
• Utilities: Public water; Public sewer; Electric and gas service available
• Home design: Two- to four-unit property; Two-unit building; Over 100 years old; Built before 1978
• Construction: Vinyl siding; Asphalt roof; Concrete perimeter foundation
• Exterior features: Deck

Interior

• Kitchen: Stove; Refrigerator; Microwave (in one unit)
• Bedrooms: Two 1-bedroom units (each unit listed as 1 bedroom)
• Bathrooms: Two full bathrooms (one in each unit)
• Heating & cooling: Natural gas heating; Window air conditioner in one unit
• Interior features: 10 total rooms; Each unit is one floor
• Laundry & utility: Laundry hook-up in both units; Tenants pay electric, gas, heat, sewer, water, and other utilities

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $105k.

Deal economics

• At list price, monthly cash flow is $587 ($7k/yr) — positive. Per door: $294/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $105k).
• Recommended offer: $102k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.0% 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.
• Market conditions: 68 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 48% 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 36% of the median local income ($54k/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 $726 of loan paydown is wiped out by about $3k 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 $29k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($102k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 20y 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: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $101,850 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.56% ✓
• Cap rate: 13.00%
• Cash-on-cash: 23.96%
• DSCR: 2.07
• GRM: 5.3

CMA / ARV

• ARV (median comp): $85,920
• List price: $105,000
• Delta: 22.21%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 17.2%
• Equity multiple: 1.69×
• Total profit: $20,387
• Equity at exit: $15,656

10-year hold

• IRR: 25.7%
• Equity multiple: 3.24×
• Total profit: $65,947
• Equity at exit: $9,078

Cash invested: $29,400 (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 52802

• Home prices YoY: -28.3%
• Active inventory: 68
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $1,636 high
• Mortgage (P&I): −$551
• Tax from tax record: −$111 /mo · $1,332/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$344
• Net cashflow: $587

Break-even live

Break-even rent $893

Max offer price $105,000

Occupancy floor 59%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$1,636
Total (2 units)			$1,636

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1341 W 4th St Davenport, IA	3.0	1.5	979	$1,394	$1.42	43d	1	0.18mi
1716 W 7th St Davenport, IA	4.0	1.0	1278	$1,712	$1.34	13d	1	0.51mi
1455 W 12th St Davenport, IA	3.0	1.0	942	$1,095	$1.16	13d	1	0.52mi
915 W 14th St Davenport, IA	3.0	1.0	1390	$900	$0.65	43d	1	0.65mi
1315 Brown St Unit 2 Davenport, IA	3.0	1.0	1300	$1,250	$0.96	21d	1	0.69mi
1323 N Gaines St Davenport, IA	4.0	2.0	1733	$1,350	$0.78	21d	1	0.74mi
621 W 15th St Davenport, IA	4.0	2.0	1833	$1,500	$0.82	13d	1	0.82mi
1912 Dixwell St Davenport, IA	4.0	2.0	1116	$1,300	$1.16	43d	1	0.86mi
401 Brady St Davenport, IA	1.0–3.0	1.0–2.0	870	$2,100	$2.41	13d	2	0.89mi
212 N Brady St Davenport, IA	2.0–3.0	2.0–3.0	1428	$2,600	$1.82	13d	4	0.90mi
537 W 16th St Davenport, IA	3.0	1.0	1311	$1,400	$1.07	43d	1	0.90mi
427 N Brady St Unit 1 Davenport, IA	3.0	1.5	1126	$1,359	$1.21	43d	1	0.91mi
1511 N Ripley St Davenport, IA	4.0	2.0	1872	$1,450	$0.77	21d	1	0.98mi
511 Pershing Ave Unit 106E Davenport, IA	3.0	2.0	1349	$1,996	$1.48	43d	1	1.04mi
511 Pershing Ave Unit 301E Davenport, IA	3.0	2.0	1429	$2,126	$1.49	43d	1	1.04mi
1421 N Main St #2 Davenport, IA	3.0	1.0	1350	$1,095	$0.81	43d	1	1.05mi
427 Pershing Ave Davenport, IA	3.0	2.0	1438	$2,288	$1.59	13d	3	1.05mi
119 E 13th St Davenport, IA	3.0	1.0	1728	$1,495	$0.87	43d	1	1.07mi
1723 W Locust St Davenport, IA	3.0	1.0	1690	$1,395	$0.83	43d	1	1.07mi
616 E 6th St Davenport, IA	4.0	1.0	1578	$1,712	$1.08	43d	1	1.30mi
1812 Pershing Ave Unit 1 Davenport, IA	3.0	1.0	1000	$1,200	$1.20	21d	1	1.34mi
301 S Thornwood Ave Davenport, IA	3.0	1.0	1242	$1,395	$1.12	13d	1	1.38mi
736 Federal St Davenport, IA	1.0–3.0	1.0–2.0	1186	$1,868	$1.57	21d	1	1.43mi

Listing history 48 events

1. 2026-06-18
   days on market $105,000 Active 38 DOM
2. 2026-06-17
   days on market $105,000 Active 37 DOM
3. 2026-06-16
   days on market $105,000 Active 36 DOM
4. 2026-06-15
   days on market $105,000 Active 35 DOM
5. 2026-06-14
   days on market $105,000 Active 33 DOM
6. 2026-06-13
   days on market $105,000 Active 32 DOM
7. 2026-06-10
   days on market $105,000 Active 30 DOM
8. 2026-06-09
   days on market $105,000 Active 29 DOM
9. 2026-06-08
   days on market $105,000 Active 28 DOM
10. 2026-06-07
    days on market $105,000 Active 27 DOM
11. 2026-06-03
    days on market $105,000 Active 23 DOM
12. 2026-06-02
    days on market $105,000 Active 22 DOM
13. 2026-06-01
    days on market $105,000 Active 21 DOM
14. 2026-05-31
    days on market $105,000 Active 20 DOM
15. 2026-05-30
    days on market $105,000 Active 19 DOM
16. 2026-05-11
    listed $105,000 Active 502-char remark
17. 2026-04-24
    historical $625
18. 2026-04-14
    listed $625
19. 2026-03-26
    historical $625
20. 2026-03-14
    listed $625
21. 2025-07-15
    historical
22. 2025-07-14
    historical
23. 2025-04-14
    price
24. 2024-10-17
    listed Active
25. 2024-01-01
    historical
26. 2023-12-31
    historical
27. 2023-09-21
    price
28. 2023-08-08
    listed Active
29. 2022-10-05
    historical
30. 2022-04-19
    soldstatus $120,625
31. 2022-04-15
    soldstatus $110,000
32. 2022-04-15
    soldstatus $110,000
33. 2022-03-01
    listed $99,900
34. 2022-03-01
    listed $99,900
35. 2021-08-06
    historical
36. 2021-08-06
    historical
37. 2021-08-06
    historical
38. 2018-05-22
    soldstatus $90,000
39. 2018-05-18
    soldstatus $90,000
40. 2018-05-18
    soldstatus $90,000
41. 2018-02-27
    listed $90,000
42. 2018-02-27
    listed $90,000
43. 2017-12-15
    soldstatus $16,000
44. 2017-12-15
    soldstatus $16,000
45. 2017-10-11
    listed $19,900
46. 2017-10-11
    listed $19,900
47. 2006-12-08
    soldstatus $25,450
48. 2006-08-15
    listed $23,900

ⓘ 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: $1,332 · $111/mo
• Projected year-2 tax: $1,490 · $124/mo
• Expected delta: +$158/yr (+$13/mo · 11.9%)

ⓘ 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: $19,632
• − Mortgage interest: −$5,882
• − Property taxes: −$1,332
• − Insurance: −$525
• − Repairs & maintenance: −$1,571
• − Management: −$1,571
• − Depreciation: −$3,055
• Taxable income: $5,698
• Est. tax owed @ 24.0%: −$1,367
• After-tax cash flow: $5,677/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): 9,466
• Household income: $54,380
• Rent vs Own: 29.4% rent · 70.6% own
• Severe rent burden: 244.0

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% Hispanic / Latino 14% Two or more races 10% Black 5% Asian 1%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Romanian 2% Lithuanian 1% Italian 1%
• Foreign-born: 4% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 7%

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: ▼ -59.59%
• Current HPI: 151.2076
• Rent YoY: —
• 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

+339.3% since first listed

33 events — show timeline

• 2026-05-11 Listed $105,000 MRED as Distributed by MLS Grid
• 2026-04-24 Rental Removed $625 MRED
• 2026-04-14 Listed for Rent $625 MRED
• 2026-03-26 Rental Removed $625 MRED
• 2026-03-14 Listed for Rent $625 MRED
• 2025-07-15 Listing Removed — RMLSA as Distributed by MLS Grid
• 2025-07-14 Listing Removed — MRED as Distributed by MLS Grid
• 2025-04-14 Price Changed — RMLSA as Distributed by MLS Grid
• 2024-10-17 Listed — RMLSA as Distributed by MLS Grid
• 2024-01-01 Listing Removed — RMLSA as Distributed by MLS Grid
• 2023-12-31 Listing Removed — MRED as Distributed by MLS Grid
• 2023-09-21 Price Changed — RMLSA as Distributed by MLS Grid
• 2023-08-08 Listed — RMLSA as Distributed by MLS Grid
• 2022-10-05 Listing Removed — RMLSA as Distributed by MLS Grid
• 2022-04-19 Sold (Public Records) $120,625 Public Records
• 2022-04-15 Sold (MLS) $110,000 RMLSA as Distributed by MLS Grid
• 2022-04-15 Sold (MLS) $110,000 MRED as Distributed by MLS Grid
• 2022-03-01 Listed $99,900 RMLSA as Distributed by MLS Grid
• 2022-03-01 Listed $99,900 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
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2018-05-22 Sold (Public Records) $90,000 Public Records
• 2018-05-18 Sold (MLS) $90,000 MRED as Distributed by MLS Grid
• 2018-05-18 Sold (MLS) $90,000 RMLSA as Distributed by MLS Grid
• 2018-02-27 Listed $90,000 MRED as Distributed by MLS Grid
• 2018-02-27 Listed $90,000 RMLSA as Distributed by MLS Grid
• 2017-12-15 Sold (MLS) $16,000 MRED as Distributed by MLS Grid
• 2017-12-15 Sold (MLS) $16,000 RMLSA as Distributed by MLS Grid
• 2017-10-11 Listed $19,900 MRED as Distributed by MLS Grid
• 2017-10-11 Listed $19,900 RMLSA as Distributed by MLS Grid
• 2006-12-08 Sold (MLS) $25,450 RMLSA as Distributed by MLS Grid
• 2006-08-15 Listed $23,900 RMLSA as Distributed by MLS Grid

Property tax history

+7.4%/yr

Latest (2025): $1,332 · -46.2% YoY. Source: county tax records.