7002 Ridge Dr · Davenport, IA 52806

$129,900

3 bd · 1.0 ba · 864 sqft · SingleFamily public records · 2 Days on market

Built 1954 6,969 sqft lot Est $137k · at est.

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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).

• Cash flow +13.5/30.0
• ARV discount +9.7/15.0
• DSCR +4.1/10.0
• 1% rule +4.0/10.0
• 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 MLS

Nice 3 bedroom ranch home!. New concrete patio entrance to front door. Newly remodeled living room with vinyl plank flooring. Kitchen remodel in 2013, Bathroom remodel with vanity, toilet and flooring in 2017. Master bedroom has new tile plank flooring and a walk in closet addition. From the third bedroom a back porch entrance leads to the back yard. The water heater was replaced 6 years ago and the Roof, siding, gutters and windows are all new in 2019. There is a fenced in back yard and a concrete slab poured for a two car garage to be constructed. Two sheds come with the property and all appliances stay. Seller will provide Home Warranty HWA $575. Schedule a showing today!

Key facts

• 6,969 sq ft lot
• 2 parking spots
• Built 1954

Property features AI

Finance

• HOA & community: No master association fee required

Exterior

• Parking: Owned parking for 2 vehicles
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; One-story
• Construction: Vinyl siding with frame construction; Built approximately 71–80 years ago; Property built before 1978
• Exterior features: Patio; Fenced yard; Level lot

Interior

• Kitchen: Galley kitchen with eating area/table space
• Bedrooms: 3 bedrooms (all on main level); Bedroom dimensions include 10 x 11 (master), 9 x 11, and 7 x 11
• Flooring: Vinyl flooring in multiple rooms including master, bedroom and kitchen; Laminate flooring in living room; Carpet in one bedroom
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: 5 total rooms
• Laundry & utility: Main-level laundry room (6 x 8); Washer and Dryer included; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $4 ($52/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 $116k (10.4% below list).
• Recommended offer: $116k (10.4% below list) — sets the bar for 1% rule.
• Cap rate 6.3% 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: Fillmore Elementary School (math 34% / reading 37%, grade F, #593 of 616 statewide, top 96%, 401 students, 62% FRL); Wood Intermediate (math 44% / reading 52%, grade C-, #224 of 246 statewide, top 91%, 438 students, 61% FRL); North High School (math 45% / reading 59%, grade D+, #299 of 336 statewide, top 91%, 1,352 students, 50% FRL) — zoned schools at 58% FRL track the district average.
• Market conditions: Rents rising (+1.8%/yr); 162 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $898 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

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 4y 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 $106k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $116,370 (10.4% below list)

Questions for the listing agent

1. Built in 1954 — 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. 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?
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: 0.90% ✗
• Cap rate: 6.33%
• Cash-on-cash: 0.14%
• DSCR: 1.01
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $136,512
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2702 W 70th St	0.29mi	3/1.0	864 (0%)	4mo	$132,500	$153	83
6706 Ridge Dr	0.13mi	2/1.0 (-1)	864 (0%)	10mo	$119,000	$138	80
2806 W 67th St	0.27mi	2/1.0 (-1)	864 (0%)	9mo	$120,000	$139	75
3210 W 70th St St	0.05mi	2/1.0 (-1)	792 (-8%)	4mo	$144,900	$183	75
7106 N Pine St	0.52mi	2/1.0 (-1)	872 (+1%)	4mo	$147,000	$169	66
2515 W 69th St	0.38mi	2/1.0 (-1)	792 (-8%)	3mo	$125,000	$158	61
2014 W 68th St	0.71mi	3/1.0	864 (0%)	8mo	$122,000	$141	60
7318 Kelling St	0.72mi	3/1.0	936 (+8%)	1mo	$138,000	$147	51
7402 N Pine St	0.55mi	2/1.0 (-1)	792 (-8%)	7mo	$126,000	$159	50
7319 Volquardsen Ave	0.70mi	3/1.0	936 (+8%)	6mo	$130,000	$139	48
7115 Cedar St	0.64mi	2/1.0 (-1)	816 (-6%)	10mo	$141,000	$173	48
6050 Hillandale Rd	0.58mi	3/1.0	988 (+14%)	6mo	$205,000	$207	44

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: -17.4%
• Equity multiple: 0.39×
• Total profit: $-22,134
• Equity at exit: $19,369

10-year hold

• IRR: -11.9%
• Equity multiple: 0.33×
• Total profit: $-24,367
• Equity at exit: $11,231

Cash invested: $36,372 (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: 9.3×

Monthly cashflow live

• Estimated rent: $1,164 high
• Mortgage (P&I): −$681
• Tax from tax record: −$180 /mo · $2,156/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $4

Break-even live

Break-even rent $1,158

Max offer price $129,900

Occupancy floor 95%

Sensitivity live

Price	-10% $78	-5% $41	+0% $4	+5% $-32	+10% $-69
Rent	-10% $-88	-5% $-42	+0% $4	+5% $50	+10% $96
Rate	-1.0pp $70	-0.5pp $37	base $4	+0.5pp $-29	+1.0pp $-64

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3021 W 72nd St Unit 4 Davenport, IA	3.0	1.5	1079	$1,375	$1.27	15d	1	0.06mi
7102 Hillandale Rd Unit 11 Davenport, IA	2.0	1.0	747	$975	$1.31	15d	1	0.11mi
7104 Hillandale Rd Unit 11 Davenport, IA	2.0	1.0	747	$890	$1.19	15d	1	0.13mi
7106 Hillandale Rd Unit 4 Davenport, IA	2.0	1.0	747	$975	$1.31	45d	1	0.15mi
7112 Hillandale Rd Unit 11 Davenport, IA	2.0	1.0	747	$975	$1.31	15d	1	0.15mi
7110 Hillandale Rd Unit OTE Davenport, IA	2.0	1.0	747	$975	$1.31	15d	1	0.18mi
4930 N Dittmer St Davenport, IA	3.0	2.0	1104	$1,184	$1.07	15d	1	1.37mi

Listing history 4 events

1. 2026-06-16
   status $129,900 Pending 2 DOM
2. 2026-06-15
   days on market $129,900 Active 2 DOM
3. 2026-06-14
   remarks 517-char remark
4. 2026-06-14
   listed $129,900 Active 1 DOM

ⓘ 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: $2,156 · $180/mo
• Projected year-2 tax: $2,156 · $180/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: $13,964
• − Mortgage interest: −$7,276
• − Property taxes: −$2,156
• − Insurance: −$650
• − Repairs & maintenance: −$1,117
• − Management: −$1,117
• − Depreciation: −$3,779
• Taxable loss: −$2,131
• Est. tax savings @ 24.0%: +$511
• After-tax cash flow: $563/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

+36.7% since first listed

6 events — show timeline

• 2026-06-13 Listed $129,900 MRED as Distributed by MLS Grid
• 2022-04-14 Sold (Public Records) $106,000 Public Records
• 2022-04-08 Sold (MLS) $106,000 MRED as Distributed by MLS Grid
• 2022-04-08 Sold (MLS) $106,000 RMLSA as Distributed by MLS Grid
• 2022-03-01 Listed $95,000 MRED as Distributed by MLS Grid
• 2022-03-01 Listed $95,000 RMLSA as Distributed by MLS Grid

Property tax history

+5.3%/yr

Latest (2025): $2,156 · +5.8% YoY. Source: county tax records.