710 Gaines St · Davenport, IA 52802

$29,500

3 bd · 1.0 ba · 1,680 sqft · SingleFamily public records · 1 Days on market

Built 1866 7,680 sqft lot $18/sqft · 45% below area Est $53k · 45% 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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +4.0/5.0
• Schools +3.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Large 2 story home located in Davenport Dream project area. Some rehab has been started on this 3 bedroom home, 1,680 SF, roughed in bathroom on main floor, lots of options with his home. No utilities are on.

Key facts

• Tons of potential
• 7,680 sq ft lot
• Built 1866

Tags

• INVESTMENT OPPORTUNITY
• DAVENPORT'S DREAM PROJECT AREA
• ROUGHED-IN MAIN FLOOR BATHROOM
• TONS OF POTENTIAL

Property features AI

Finance

• Other: Property listed with RE/MAX Concepts Bettendorf
• HOA & community: No master association fee required

Exterior

• Utilities: Public water; Public sewer
• Home design: Detached single-family home; Two stories; Home age: 100+ years; Home built before 1978
• Construction: Frame construction with aluminum siding; Stone foundation; Asphalt roof
• Exterior features: Front porch; Level lot

Interior

• Kitchen: Kitchen on main level (11 x 11)
• Bedrooms: Master bedroom on second floor (13 x 12); Second bedroom on second floor (14 x 11); Third bedroom on second floor (10 x 8)
• Flooring: Other flooring throughout listed rooms
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Natural gas heating
• Interior features: Six total rooms; Separate dining room; Family room; Living room; Full basement with egress window
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $877 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $30k).
• Cap rate 42.0% 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.
• Zoned schools: Jefferson Elementary School (math 21% / reading 24%, grade F, #615 of 616 statewide, top 100%, 460 students, 71% FRL); Central High School (math 45% / reading 64%, grade C-, #290 of 336 statewide, top 87%, 1,505 students, 47% FRL) — zoned schools at 59% FRL track the district average.
• Market conditions: 67 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% 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 31% 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 $204 of loan paydown is wiped out by about $885 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 $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 9y 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 $16k; list at $30k implies a 84% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price; built in 1866 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $29,500

Questions for the listing agent

1. Built in 1866 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 4.82% ✓
• Cap rate: 41.98%
• Cash-on-cash: 127.45%
• DSCR: 6.67
• GRM: 1.7

CMA / ARV

• ARV (median comp): $53,345
• List price: $29,500
• Delta: -71.88%
• 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
617 Warren St	0.13mi	3/1.0	1,565 (-7%)	1mo	$85,000	$54	81
1127 N Ripley St St	0.41mi	4/1.0 (+1)	1,660 (-1%)	3mo	$93,000	$56	71
903 Vine St	0.24mi	3/—	1,880 (+12%)	3mo	$21,600	$11	66
1121 W 15th St	0.63mi	3/1.5	1,699 (+1%)	1mo	$129,000	$76	66
727 W 11th St	0.26mi	3/1.0	1,428 (-15%)	1mo	$65,000	$46	62
715 Iowa St	0.72mi	3/2.0	1,710 (+2%)	1mo	$94,000	$55	59
1321 W 13th St St	0.60mi	4/1.0 (+1)	1,808 (+8%)	4mo	$86,500	$48	51
1034 W 14th St	0.56mi	4/1.5 (+1)	1,544 (-8%)	6mo	$140,000	$91	48
1527 N Marquette St	0.73mi	4/1.5 (+1)	1,558 (-7%)	1mo	$80,444	$52	46
1222 Pershing Ave	0.73mi	4/1.5 (+1)	1,800 (+7%)	3mo	$90,000	$50	45
1307 Gaines St	0.43mi	2/2.0 (-1)	1,510 (-10%)	20mo	$140,000	$93	38
1012 W 16th St	0.68mi	4/1.0 (+1)	1,917 (+14%)	4mo	$165,000	$86	37

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: —
• Equity multiple: 7.19×
• Total profit: $51,140
• Equity at exit: $4,399

10-year hold

• IRR: —
• Equity multiple: 15.12×
• Total profit: $116,669
• Equity at exit: $2,551

Cash invested: $8,260 (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: 67
• Price-to-rent: 1.7×

Monthly cashflow live

• Estimated rent: $1,422 high
• Mortgage (P&I): −$155
• Tax from tax record: −$79 /mo · $946/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$299
• Net cashflow: $877

Break-even live

Break-even rent $311

Max offer price $29,500

Occupancy floor 33%

Sensitivity live

Price	-10% $894	-5% $886	+0% $877	+5% $869	+10% $861
Rent	-10% $765	-5% $821	+0% $877	+5% $933	+10% $990
Rate	-1.0pp $892	-0.5pp $885	base $877	+0.5pp $870	+1.0pp $862

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: $7,375
• Closing costs: $885
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1315 Brown St Unit 2 Davenport, IA	3.0	1.0	1300	$1,250	$0.96	22d	1	0.46mi
1323 N Gaines St Davenport, IA	4.0	2.0	1733	$1,350	$0.78	22d	1	0.46mi
915 W 14th St Davenport, IA	3.0	1.0	1390	$900	$0.65	45d	1	0.51mi
427 N Brady St Unit 1 Davenport, IA	3.0	1.5	1126	$1,359	$1.21	45d	1	0.52mi
401 Brady St Davenport, IA	1.0–3.0	1.0–2.0	870	$2,100	$2.41	15d	2	0.52mi
621 W 15th St Davenport, IA	4.0	2.0	1833	$1,500	$0.82	15d	1	0.55mi
212 N Brady St Davenport, IA	2.0–3.0	2.0–3.0	1428	$2,600	$1.82	15d	4	0.58mi
537 W 16th St Davenport, IA	3.0	1.0	1311	$1,400	$1.07	45d	1	0.62mi
200 E 3rd St Davenport, IA	1.0–2.0	1.0–2.0	900	$1,700	$1.89	15d	2	0.63mi
1511 N Ripley St Davenport, IA	4.0	2.0	1872	$1,450	$0.77	22d	1	0.64mi
511 Pershing Ave Unit 407W Davenport, IA	2.0	2.0	1175	$1,568	$1.33	45d	1	0.64mi
511 Pershing Ave Unit 402W Davenport, IA	2.0	2.0	1106	$1,478	$1.34	45d	1	0.64mi
511 Pershing Ave Unit 106E Davenport, IA	3.0	2.0	1349	$1,996	$1.48	45d	1	0.64mi
511 Pershing Ave Unit 202W Davenport, IA	2.0	1.0	1201	$1,601	$1.33	45d	1	0.64mi
511 Pershing Ave Unit 102W Davenport, IA	2.0	1.0	1173	$1,506	$1.28	45d	1	0.64mi
511 Pershing Ave Unit 301E Davenport, IA	3.0	2.0	1429	$2,126	$1.49	45d	1	0.64mi
511 Pershing Ave Unit 101W Davenport, IA	2.0	1.0	1280	$1,704	$1.33	45d	1	0.64mi
511 Pershing Ave Unit 105E Davenport, IA	2.0	2.0	1100	$1,635	$1.49	45d	1	0.64mi
119 E 13th St Davenport, IA	3.0	1.0	1728	$1,495	$0.87	45d	1	0.65mi
1421 N Main St #2 Davenport, IA	3.0	1.0	1350	$1,095	$0.81	45d	1	0.65mi
1519 N Ripley St Davenport, IA	2.0	1.0	1144	$1,100	$0.96	15d	1	0.65mi
427 Pershing Ave Davenport, IA	3.0	2.0	1438	$2,288	$1.59	15d	3	0.66mi
324 S Brady St Davenport, IA	1.0–2.0	1.0–2.0	965	$1,700	$1.76	22d	2	0.71mi
616 E 6th St Davenport, IA	4.0	1.0	1578	$1,712	$1.08	45d	1	0.89mi
317 Kirkwood Blvd Davenport, IA	2.0	1.0	1300	$950	$0.73	45d	1	0.90mi
1716 W 7th St Davenport, IA	4.0	1.0	1278	$1,712	$1.34	15d	1	0.91mi
736 Federal St Davenport, IA	1.0–3.0	1.0–2.0	1186	$1,868	$1.57	22d	1	1.02mi
2224 Iowa St Unit 2224 Davenport, IA	2.0	1.0	1214	$925	$0.76	45d	1	1.24mi
2224 Iowa St Davenport, IA	2.0	1.0	1214	$895	$0.74	45d	1	1.24mi
1017 E 13th St Unit 1017 Davenport, IA	2.0	1.0	1335	$950	$0.71	22d	1	1.25mi
1723 W Locust St Davenport, IA	3.0	1.0	1690	$1,395	$0.83	45d	1	1.26mi
1912 Dixwell St Davenport, IA	4.0	2.0	1116	$1,300	$1.16	45d	1	1.29mi
2209 Farnam St Unit 2211 Davenport, IA	3.0	1.0	1138	$1,050	$0.92	22d	1	1.35mi

Listing history 24 events

1. 2026-06-07
   pricedays on marketlisting id $29,500 Pending 1 DOM
2. 2026-05-18
   price $15,000
3. 2026-04-21
   price $18,900
4. 2026-03-17
   price $19,900
5. 2026-01-19
   status Active
6. 2026-01-14
   historical
7. 2026-01-08
   status Active
8. 2026-01-06
   historical
9. 2026-01-05
   historical
10. 2025-11-18
    price
11. 2025-11-07
    price
12. 2025-10-20
    listed Active
13. 2024-08-05
    soldstatus $17,500 208-char remark

    Show marketing remark (208 chars)

    Large 2 story home located in Davenport Dream project area. Some rehab has been started on this 3 bedroom home, 1,680 SF, roughed in bathroom on main floor, lots of options with his home. No utilities are on.

14. 2024-08-05
    soldstatus $17,500 Closed 208-char remark

    Show marketing remark (208 chars)

    Large 2 story home located in Davenport Dream project area. Some rehab has been started on this 3 bedroom home, 1,680 SF, roughed in bathroom on main floor, lots of options with his home. No utilities are on.

15. 2024-06-20
    status Pending 208-char remark

    Show marketing remark (208 chars)

    Large 2 story home located in Davenport Dream project area. Some rehab has been started on this 3 bedroom home, 1,680 SF, roughed in bathroom on main floor, lots of options with his home. No utilities are on.

16. 2024-05-22
    price $22,500 208-char remark

    Show marketing remark (208 chars)

    Large 2 story home located in Davenport Dream project area. Some rehab has been started on this 3 bedroom home, 1,680 SF, roughed in bathroom on main floor, lots of options with his home. No utilities are on.

17. 2024-05-04
    price $27,500 208-char remark

    Show marketing remark (208 chars)

    Large 2 story home located in Davenport Dream project area. Some rehab has been started on this 3 bedroom home, 1,680 SF, roughed in bathroom on main floor, lots of options with his home. No utilities are on.

18. 2024-04-10
    listed $22,500 208-char remark

    Show marketing remark (208 chars)

    Large 2 story home located in Davenport Dream project area. Some rehab has been started on this 3 bedroom home, 1,680 SF, roughed in bathroom on main floor, lots of options with his home. No utilities are on.

19. 2024-04-10
    listed $39,500 Active 208-char remark

    Show marketing remark (208 chars)

    Large 2 story home located in Davenport Dream project area. Some rehab has been started on this 3 bedroom home, 1,680 SF, roughed in bathroom on main floor, lots of options with his home. No utilities are on.

20. 2021-08-06
    historical
21. 2017-04-24
    soldstatus $8,500
22. 2017-04-24
    soldstatus $8,500
23. 2017-03-14
    listed $10,000
24. 2017-03-14
    listed $10,000

ⓘ 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: $946 · $79/mo
• Projected year-2 tax: $946 · $79/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: $17,059
• − Mortgage interest: −$1,652
• − Property taxes: −$946
• − Insurance: −$148
• − Repairs & maintenance: −$1,365
• − Management: −$1,365
• − Depreciation: −$858
• Taxable income: $10,726
• Est. tax owed @ 24.0%: −$2,574
• After-tax cash flow: $7,953/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

+60.0% since first listed

28 events — show timeline

• 2026-06-17 Sold (MLS) $16,000 MRED as Distributed by MLS Grid
• 2026-06-05 Pending — MRED as Distributed by MLS Grid
• 2026-06-05 Listed $29,500 MRED as Distributed by MLS Grid
• 2026-05-22 Pending — MRED as Distributed by MLS Grid
• 2026-05-21 Listing Removed — MRED as Distributed by MLS Grid
• 2026-05-18 Price Changed — MRED as Distributed by MLS Grid
• 2026-04-21 Price Changed — MRED as Distributed by MLS Grid
• 2026-03-17 Price Changed — MRED as Distributed by MLS Grid
• 2026-01-19 Relisted — MRED as Distributed by MLS Grid
• 2026-01-14 Listing Removed — 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
• 2025-11-18 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-11-07 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-10-20 Listed — RMLSA as Distributed by MLS Grid
• 2024-08-05 Sold (MLS) $17,500 RMLSA as Distributed by MLS Grid
• 2024-08-05 Sold (MLS) $17,500 MRED as Distributed by MLS Grid
• 2024-06-20 Pending — RMLSA as Distributed by MLS Grid
• 2024-05-22 Price Changed $22,500 RMLSA as Distributed by MLS Grid
• 2024-05-04 Price Changed $27,500 RMLSA as Distributed by MLS Grid
• 2024-04-10 Listed $39,500 RMLSA as Distributed by MLS Grid
• 2024-04-10 Listed $22,500 MRED as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2017-04-24 Sold (MLS) $8,500 RMLSA as Distributed by MLS Grid
• 2017-04-24 Sold (MLS) $8,500 MRED as Distributed by MLS Grid
• 2017-03-14 Listed $10,000 RMLSA as Distributed by MLS Grid
• 2017-03-14 Listed $10,000 MRED as Distributed by MLS Grid

Property tax history

+1.0%/yr

Latest (2025): $946 · -2.2% YoY. Source: county tax records.