931-933 Grant St · Bettendorf, IA 52722

$200,000

6 bd · 2.0 ba · 1,940 sqft · SingleFamily public records · 8 Days on market

Built 1964 5,662 sqft lot Est $259k · 23% under

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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 +23.0/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• Schools +6.5/10.0
• 1% rule +5.6/10.0
• Livability +4.0/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Priced to sell. Tenant upstairs has occupied space for +/- 10 years. Unit in lower level in place for 3 + years, renewed for an additional year. Great opportunity for investor

Key facts

• 5,662 sq ft lot
• 2 parking spots
• Built 1964

Property features AI

Finance

• Other: 2 units in the building; Lot dimensions approx. 5,720 SF (less than 0.25 acre)
• Financial info: Gross income: $14,700; Insurance expense: $1,506; Current rents: Two units at $1,100 each; Tenants pay electric and gas; Lease expirations: Unit 1 Sept 1, 2026; Unit 2 Oct 1, 2026

Exterior

• Parking: 2 parking spaces (owned)
• Utilities: Public water; Public sewer; Cable available
• Home design: Two- to four-unit property; Fee simple ownership; Aluminum siding
• Construction: Built 61–70 years ago; Other foundation
• Exterior features: Level lot

Interior

• Kitchen: Stove; Refrigerator
• Bedrooms: 6 bedrooms (total)
• Bathrooms: 2 full bathrooms (building total)
• Heating & cooling: Electric forced air heating
• Interior features: Finished full basement; 12 total rooms

🏷️ Possibly a rental listed for sale. The $200,000 price doesn't fit this home's estimated sale value (~$259,053) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 6-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $301 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Cap rate 8.4% vs local median 3.0% in Bettendorf — 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 81/100 on livability (#73 in IA, #1,579 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, employment A+; Watch: amenities F, commute F.
• Bettendorf Community School District (suburban): math 74% / reading 75% proficiency, ranked #57 of 289 in IA (top 20%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: Rents rising (+2.9%/yr); 426 active listings in the ZIP; solid renter incomes; 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.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 15y 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 $125k; list at $200k implies a 60% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $200,000

Questions for the listing agent

1. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.06% ✓
• Cap rate: 8.43%
• Cash-on-cash: 7.64%
• DSCR: 1.34
• GRM: 7.8

CMA / ARV

• ARV (median comp): $259,053
• List price: $200,000
• Delta: -22.80%
• Verdict: UNDERPRICED
• Comps: 10 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
704 River Dr	0.18mi	5/3.5 (-1)	2,181 (+12%)	4mo	$490,000	$225	57

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 · 2.88% rent growth · sell at horizon

5-year hold

• IRR: -6.5%
• Equity multiple: 0.76×
• Total profit: $-13,477
• Equity at exit: $29,821

10-year hold

• IRR: 3.0%
• Equity multiple: 1.21×
• Total profit: $12,010
• Equity at exit: $17,292

Cash invested: $56,000 (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 52722

• Rents YoY: 2.9%
• Active inventory: 426
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,130 medium
• Mortgage (P&I): −$1,049
• Tax from tax record: −$194 /mo · $2,326/yr
• Insurance: −$83
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$447
• Net cashflow: $301

Break-even live

Break-even rent $1,749

Max offer price $200,000

Occupancy floor 81%

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-05-12
   status Pending 404-char remark
2. 2026-05-04
   listed $200,000 Active 404-char remark
3. 2011-08-31
   soldstatus $125,000 175-char remark

   Show marketing remark (175 chars)

   Priced to sell. Tenant upstairs has occupied space for +/- 10 years. Unit in lower level in place for 3 + years, renewed for an additional year. Great opportunity for investor

4. 2011-08-31
   soldstatus $125,000 175-char remark

   Show marketing remark (175 chars)

   Priced to sell. Tenant upstairs has occupied space for +/- 10 years. Unit in lower level in place for 3 + years, renewed for an additional year. Great opportunity for investor

5. 2011-05-26
   listed $131,000 175-char remark

   Show marketing remark (175 chars)

   Priced to sell. Tenant upstairs has occupied space for +/- 10 years. Unit in lower level in place for 3 + years, renewed for an additional year. Great opportunity for investor

6. 2011-05-26
   listed $131,000 175-char remark

   Show marketing remark (175 chars)

   Priced to sell. Tenant upstairs has occupied space for +/- 10 years. Unit in lower level in place for 3 + years, renewed for an additional year. Great opportunity for investor

7. 2007-03-13
   soldstatus $90,500

ⓘ 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: $2,326 · $194/mo
• Projected year-2 tax: $2,733 · $228/mo
• Expected delta: +$407/yr (+$34/mo · 17.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (shaded) · 99% 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: $25,554
• − Mortgage interest: −$11,203
• − Property taxes: −$2,326
• − Insurance: −$1,666
• − Repairs & maintenance: −$2,044
• − Management: −$2,044
• − Depreciation: −$5,818
• Taxable income: $452
• Est. tax owed @ 24.0%: −$108
• After-tax cash flow: $3,501/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: Bettendorf Community School District
• NCES district ID: 1904860
• Math proficiency: 74% ▼ -6.00%
• Reading proficiency: 75% ▼ -2.00%
• Median HH income: $66,823
• Composite: 64.71/100
• National rank: #522
• State rank: #57 of 289 in IA

Livability — Bettendorf

• Score: 81/100
• State rank: #73
• US rank: #1579

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bettendorf, IA
• County: Scott County · 144,583 people
• City population: 41,264
• Metro: Davenport-Moline-Rock Island, IA-IL
• Population (ZIP): 41,264
• Household income: $101,546
• Rent vs Own: 24.2% rent · 75.8% own
• Severe rent burden: 935.0

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 (82%)
• Race & ethnicity: White 82% Asian 7% Two or more races 7% Hispanic / Latino 5% Black 2%
• Common ancestry: Portuguese 3% Italian 3% Romanian 2%
• Foreign-born: 7% · Canada, China, Vietnam
• Languages at home: 92% English-only · Other Asian/Pacific 2% Spanish 2% Other Indo-European 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: ▼ -111.45%
• Current HPI: 194.8355
• Rent YoY: ▲ 2.88%
• 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

+121.0% since first listed

7 events — show timeline

• 2026-05-12 Pending — MRED as Distributed by MLS Grid
• 2026-05-04 Listed $200,000 MRED as Distributed by MLS Grid
• 2011-08-31 Sold (MLS) $125,000 MRED as Distributed by MLS Grid
• 2011-08-31 Sold (MLS) $125,000 RMLSA as Distributed by MLS Grid
• 2011-05-26 Listed $131,000 MRED as Distributed by MLS Grid
• 2011-05-26 Listed $131,000 RMLSA as Distributed by MLS Grid
• 2007-03-13 Sold (Public Records) $90,500 Public Records

Property tax history

+2.8%/yr

Latest (2025): $2,326 · -8.1% YoY. Source: county tax records.