5110 Warren St · Davenport, IA 52806

$179,900

5 bd · 2.0 ba · 1,448 sqft · SingleFamily public records · 3 Days on market

Built 1967 8,712 sqft lot $124/sqft · 20% below area Est $225k · 20% under

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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 +19.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• 1% rule +4.8/10.0
• Livability +4.0/5.0
• Schools +3.9/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

5 bedroom potential in North Davenport! This well-cared-for home offers 3 bedrooms on the main level plus 2 non-conforming bedrooms in the finished basement, providing plenty of space for guests, a home office, or additional living areas. You'll appreciate the major updates already completed, including AC (2025), water heater (2025), roof (2023), and furnace (2015), along with some newer windows-giving peace of mind for years to come. Step outside to a fenced-in backyard, perfect for relaxing, pets, or entertaining. A well-loved home with room to make it your own-don't miss this opportunity!

Key facts

• Finished basement
• Newer windows
• Major updates

Tags

• FENCED-IN BACKYARD
• FINISHED BASEMENT
• MAJOR UPDATES
• NEWER WINDOWS

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Parking: Detached garage (garage owned); Concrete parking; Total of 2 parking spaces (2 garage spaces)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story design; Built before 1978
• Construction: Vinyl siding; Asphalt roof; Block foundation; Approximately 51–60 years old
• Exterior features: Fenced yard; Mature trees; Level lot (approx. 70 x 125)

Interior

• Kitchen: Kitchen on main level; Range included
• Bedrooms: 3 bedrooms (plus up to 2 additional possible; 2 bedrooms located in the basement); Master bedroom on main level
• Flooring: Carpet flooring throughout
• Bathrooms: 2 full bathrooms; Basement bathroom(s) present; Soaking tub
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: First-floor bedroom; First-floor full bath; Finished basement with block foundation; Window treatments throughout
• Laundry & utility: In-unit laundry; Washer included; Laundry room in basement (14 x 9)

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $197 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $176k (2.0% below list).
• Recommended offer: $176k (2.0% below list) — sets the bar for 1% rule.
• Cap rate 7.6% 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 (+1.8%/yr); 162 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 $5k 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 3 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $176,219 (2.0% below list)

Questions for the listing agent

1. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.98% ✗
• Cap rate: 7.61%
• Cash-on-cash: 4.69%
• DSCR: 1.21
• GRM: 8.5

CMA / ARV

• ARV (median comp): $225,116
• List price: $179,900
• Delta: -20.09%
• 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
5110 Warren St	0.00mi	5/2.0	1,448 (0%)	0mo	$190,000	$131	100
754 Colony Dr	0.23mi	4/2.0 (-1)	1,546 (+7%)	0mo	$266,000	$172	73
6015 Vine St	0.61mi	4/2.5 (-1)	1,396 (-4%)	6mo	$340,000	$244	53
309 Northbrook Dr	0.47mi	4/2.0 (-1)	1,615 (+12%)	1mo	$238,000	$147	53
4922 Willow Cir	0.28mi	4/3.0 (-1)	1,571 (+8%)	15mo	$482,500	$307	51
616 W 46th St	0.49mi	4/1.5 (-1)	1,396 (-4%)	21mo	$170,000	$122	46
718 W 48th St	0.34mi	4/1.5 (-1)	1,608 (+11%)	16mo	$200,000	$124	45
4612 Candlelight Dr	0.46mi	4/2.0 (-1)	1,324 (-9%)	18mo	$235,000	$177	44
709 W 59th St	0.50mi	4/1.5 (-1)	1,386 (-4%)	23mo	$175,000	$126	44
628 Westerfield Rd	0.51mi	4/1.5 (-1)	1,546 (+7%)	18mo	$215,000	$139	43
5804 Lillie Ave	0.53mi	4/2.5 (-1)	1,652 (+14%)	6mo	$355,000	$215	40
16 Vista Ct	0.64mi	4/2.0 (-1)	1,626 (+12%)	18mo	$240,000	$148	30

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 · 1.8% rent growth · sell at horizon

5-year hold

• IRR: -10.3%
• Equity multiple: 0.63×
• Total profit: $-18,725
• Equity at exit: $26,824

10-year hold

• IRR: -2.7%
• Equity multiple: 0.83×
• Total profit: $-8,603
• Equity at exit: $15,554

Cash invested: $50,372 (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 52806

• Rents YoY: 1.8%
• Active inventory: 162
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,762 medium
• Mortgage (P&I): −$943
• Tax from tax record: −$177 /mo · $2,124/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $197

Break-even live

Break-even rent $1,513

Max offer price $179,900

Occupancy floor 84%

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-05-05
   status Pending 603-char remark
2. 2026-05-01
   listed $179,900 Active 603-char remark

ⓘ 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: $2,124 · $177/mo
• Projected year-2 tax: $2,474 · $206/mo
• Expected delta: +$350/yr (+$29/mo · 16.5%)

ⓘ 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,146
• − Mortgage interest: −$10,077
• − Property taxes: −$2,124
• − Insurance: −$900
• − Repairs & maintenance: −$1,692
• − Management: −$1,692
• − Depreciation: −$5,233
• Taxable loss: −$571
• Est. tax savings @ 24.0%: +$137
• After-tax cash flow: $2,498/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): 26,871
• Household income: $74,297
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 735.0

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 (74%)
• Race & ethnicity: White 74% Black 12% Hispanic / Latino 7% Two or more races 7% Asian 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Lithuanian 2% Iranian 1%
• Foreign-born: 4% · Canada, Vietnam, China
• Languages at home: 93% English-only · Spanish 3% Vietnamese 1% Chinese 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: ▼ -127.41%
• Current HPI: 185.0808
• Rent YoY: ▲ 1.80%
• 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

+5.6% since first listed

3 events — show timeline

• 2026-06-04 Sold (MLS) $190,000 MRED as Distributed by MLS Grid
• 2026-05-05 Pending — MRED as Distributed by MLS Grid
• 2026-05-01 Listed $179,900 MRED as Distributed by MLS Grid

Property tax history

+0.6%/yr

Latest (2025): $2,124 · +11.2% YoY. Source: county tax records.