2111 Mississippi Ave · Davenport, IA 52803

$145,000

2 bd · 1.0 ba · 1,568 sqft · SingleFamily public records · 178 Days on market

Built 1920 3,484 sqft lot $92/sqft · 18% below area Est $177k · 18% under

---

Why this score? — see what drove the D+ 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).

• ARV discount +15.0/15.0
• Cash flow +12.6/30.0
• 1% rule +4.0/10.0
• Livability +4.0/5.0
• Schools +3.9/10.0
• DSCR +3.8/10.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Great opportunity for investors or first-time home buyers! This Northeast Davenport home is conveniently located just blocks from Genesis East (formerly Mercy One) Hospital, with quick access to shopping, dining, and daily essentials. The property features an attached one-car garage and a welcoming sunroom at the entry. Inside, enjoy a wood-burning fireplace, large windows, and plenty of natural light throughout. Offering three bedrooms and 1.5 baths, this home provides a functional layout with strong rental or owner-occupant potential in a desirable, convenient location.

Key facts

• Large windows
• Welcoming sunroom
• Natural light

Tags

• ATTACHED ONE-CAR GARAGE
• WELCOMING SUNROOM
• WOOD-BURNING FIREPLACE
• LARGE WINDOWS
• NATURAL LIGHT
• FUNCTIONAL LAYOUT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $-17 ($-209/yr) — negative.
• To cash-flow at today's rent, offer at most $142k (2.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $130k (10.1% below list).
• Recommended offer: $128k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.1% 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; 28 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 61% 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

• It's been on market 178 days — a 12% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 25y ago; this cycle's ask has dropped $25k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $105k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $127,600 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 178 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.90% ✗
• Cap rate: 6.15%
• Cash-on-cash: -0.51%
• DSCR: 0.98
• GRM: 9.3

CMA / ARV

• ARV (median comp): $177,388
• List price: $145,000
• Delta: -18.26%
• 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
1220 College Ave	0.58mi	3/1.0 (+1)	1,530 (-2%)	0mo	$110,000	$72	64
2334 Elm St	0.55mi	3/2.0 (+1)	1,627 (+4%)	3mo	$237,000	$146	56
1102 Kirkwood Blvd	0.45mi	3/2.0 (+1)	1,428 (-9%)	0mo	$129,000	$90	54
2428 Arlington Ave	0.54mi	3/1.5 (+1)	1,664 (+6%)	5mo	$184,900	$111	54
2716 Davenport Ave	0.70mi	3/1.5 (+1)	1,636 (+4%)	2mo	$180,000	$110	51
1709 Christie St	0.51mi	3/1.0 (+1)	1,431 (-9%)	7mo	$142,000	$99	51
1 Parkwood Dr	0.67mi	2/2.5	1,448 (-8%)	0mo	$181,000	$125	50
2334 Grand Ave	0.63mi	3/1.0 (+1)	1,474 (-6%)	7mo	$173,900	$118	50
2304 Elm St	0.49mi	3/2.5 (+1)	1,789 (+14%)	3mo	$271,000	$151	40
2214 Grand Ave	0.61mi	3/1.5 (+1)	1,338 (-15%)	1mo	$136,000	$102	40
2429 E Central Park Ave	0.70mi	3/1.5 (+1)	1,727 (+10%)	6mo	$223,000	$129	38
1734 Ridgewood Ave	0.75mi	3/1.5 (+1)	1,736 (+11%)	5mo	$245,000	$141	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 · 4.57% rent growth · sell at horizon

5-year hold

• IRR: -15.3%
• Equity multiple: 0.45×
• Total profit: $-22,466
• Equity at exit: $21,620

10-year hold

• IRR: -4.1%
• Equity multiple: 0.71×
• Total profit: $-11,937
• 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 52803

• Home prices YoY: -34.5%
• Rents YoY: 4.6%
• Active inventory: 160
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,303 high
• Mortgage (P&I): −$760
• Tax from tax record: −$226 /mo · $2,716/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $-17

Break-even live

Break-even rent $1,325

Max offer price $141,927

Occupancy floor 96%

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 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2220 E Lombard St Davenport, IA	3.0	2.0	1500	$1,620	$1.08	43d	1	0.43mi
1017 E 13th St Unit 1017 Davenport, IA	2.0	1.0	1335	$950	$0.71	20d	1	0.68mi
2209 Farnam St Unit 2211 Davenport, IA	3.0	1.0	1138	$1,050	$0.92	20d	1	0.73mi
2224 Iowa St Unit 2224 Davenport, IA	2.0	1.0	1214	$925	$0.76	43d	1	0.91mi
2224 Iowa St Davenport, IA	2.0	1.0	1214	$895	$0.74	43d	1	0.91mi
317 Kirkwood Blvd Davenport, IA	2.0	1.0	1300	$950	$0.73	43d	1	0.97mi
320 E 29th St Davenport, IA	2.0	2.5	1450	$1,750	$1.21	43d	1	1.06mi
119 E 13th St Davenport, IA	3.0	1.0	1728	$1,495	$0.87	43d	1	1.19mi
736 Federal St Davenport, IA	1.0–3.0	1.0–2.0	1186	$1,559	$1.31	20d	1	1.21mi
3705 College Ave Davenport, IA	2.0	1.0	800	$1,095	$1.37	13d	7	1.22mi
1421 N Main St #2 Davenport, IA	3.0	1.0	1350	$1,095	$0.81	43d	1	1.24mi
1519 N Ripley St Davenport, IA	2.0	1.0	1144	$1,100	$0.96	13d	1	1.36mi
3816 Ridgewood Dr Davenport, IA	3.0	2.0	1550	$2,199	$1.42	13d	1	1.44mi
511 Pershing Ave Unit 102W Davenport, IA	2.0	1.0	1173	$1,506	$1.28	43d	1	1.45mi
511 Pershing Ave Unit 402W Davenport, IA	2.0	2.0	1106	$1,478	$1.34	43d	1	1.45mi
511 Pershing Ave Unit 301E Davenport, IA	3.0	2.0	1429	$2,126	$1.49	43d	1	1.45mi
511 Pershing Ave Unit 407W Davenport, IA	2.0	2.0	1175	$1,568	$1.33	43d	1	1.45mi
511 Pershing Ave Unit 202W Davenport, IA	2.0	1.0	1201	$1,601	$1.33	43d	1	1.45mi
511 Pershing Ave Unit 106E Davenport, IA	3.0	2.0	1349	$1,996	$1.48	43d	1	1.45mi
511 Pershing Ave Unit 101W Davenport, IA	2.0	1.0	1280	$1,704	$1.33	43d	1	1.45mi
511 Pershing Ave Unit 105E Davenport, IA	2.0	2.0	1100	$1,635	$1.49	43d	1	1.45mi
102 W 35th St Unit 104E_35R Davenport, IA	2.0	2.0	1200	$1,050	$0.88	20d	1	1.45mi
102 W 35th St Unit 128E_35R Davenport, IA	2.0	2.0	1200	$1,100	$0.92	20d	1	1.45mi
102 W 35th St Unit 105W_35 Davenport, IA	3.0	2.0	1500	$1,150	$0.77	43d	1	1.45mi
102 W 35th St Unit 130E_35R Davenport, IA	2.0	2.0	1200	$1,100	$0.92	13d	1	1.45mi
102 W 35th St Unit 119W_35R Davenport, IA	2.0	2.0	1200	$1,050	$0.88	43d	1	1.45mi
1825 Winding Hill Rd Davenport, IA	1.0–3.0	1.0–2.0	976	$1,118	$1.14	13d	9	1.46mi
427 Pershing Ave Davenport, IA	3.0	2.0	1438	$2,288	$1.59	13d	3	1.47mi

Listing history 36 events

1. 2026-06-15
   days on market $145,000 Active 178 DOM
2. 2026-06-14
   days on market $145,000 Active 176 DOM
3. 2026-06-13
   days on market $145,000 Active 175 DOM
4. 2026-06-10
   days on market $145,000 Active 173 DOM
5. 2026-06-09
   days on market $145,000 Active 172 DOM
6. 2026-06-08
   days on market $145,000 Active 171 DOM
7. 2026-06-07
   days on market $145,000 Active 170 DOM
8. 2026-06-03
   days on market $145,000 Active 166 DOM
9. 2026-06-02
   days on market $145,000 Active 165 DOM
10. 2026-06-01
    days on market $145,000 Active 164 DOM
11. 2026-05-31
    days on market $145,000 Active 163 DOM
12. 2026-05-30
    days on market $145,000 Active 162 DOM
13. 2026-05-11
    price $145,000
14. 2026-03-09
    price $150,000
15. 2026-02-06
    price $160,000
16. 2026-01-08
    status Active
17. 2026-01-06
    historical
18. 2026-01-05
    historical
19. 2025-12-17
    listed $170,000 Active
20. 2025-12-17
    listed Active
21. 2024-08-18
    historical $1,450
22. 2024-08-08
    price $1,450
23. 2024-08-02
    listed
24. 2021-08-06
    historical
25. 2021-08-06
    historical
26. 2021-08-06
    historical
27. 2021-08-06
    historical
28. 2019-06-03
    soldstatus $105,000
29. 2017-01-31
    soldstatus $105,000
30. 2014-09-12
    soldstatus $66,500
31. 2007-10-19
    soldstatus $76,500
32. 2007-10-19
    soldstatus $76,500
33. 2007-09-07
    listed $79,900
34. 2007-09-07
    listed $79,900
35. 2002-02-28
    soldstatus $95,000
36. 2001-11-19
    listed $99,000

ⓘ 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: $2,716 · $226/mo
• Projected year-2 tax: $2,716 · $226/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: $15,642
• − Mortgage interest: −$8,122
• − Property taxes: −$2,716
• − Insurance: −$725
• − Repairs & maintenance: −$1,251
• − Management: −$1,251
• − Depreciation: −$4,218
• Taxable loss: −$2,642
• Est. tax savings @ 24.0%: +$634
• After-tax cash flow: $425/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

+46.5% since first listed

24 events — show timeline

• 2026-05-11 Price Changed $145,000 MRED as Distributed by MLS Grid
• 2026-03-09 Price Changed $150,000 MRED as Distributed by MLS Grid
• 2026-02-06 Price Changed $160,000 MRED as Distributed by MLS Grid
• 2026-01-08 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 Listed — RMLSA as Distributed by MLS Grid
• 2025-12-17 Listed $170,000 MRED as Distributed by MLS Grid
• 2024-08-18 Rental Removed $1,450 TURBOTENANT
• 2024-08-08 Price Changed $1,450 TURBOTENANT
• 2024-08-02 Listed for Rent — TURBOTENANT
• 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
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2019-06-03 Sold (Public Records) $105,000 Public Records
• 2017-01-31 Sold (Public Records) $105,000 Public Records
• 2014-09-12 Sold (Public Records) $66,500 Public Records
• 2007-10-19 Sold (MLS) $76,500 RMLSA as Distributed by MLS Grid
• 2007-10-19 Sold (MLS) $76,500 MRED as Distributed by MLS Grid
• 2007-09-07 Listed $79,900 RMLSA as Distributed by MLS Grid
• 2007-09-07 Listed $79,900 MRED as Distributed by MLS Grid
• 2002-02-28 Sold (MLS) $95,000 RMLSA as Distributed by MLS Grid
• 2001-11-19 Listed $99,000 RMLSA as Distributed by MLS Grid

Property tax history

+1.9%/yr

Latest (2025): $2,716 · +3.3% YoY. Source: county tax records.