1615 W 15th St · Davenport, IA 52804

$130,000

4 bd · 1.5 ba · 1,408 sqft · SingleFamily public records · 5 Days on market

Built 1880 0.25 ac lot Est $158k · 18% 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 +23.0/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• 1% rule +5.7/10.0
• Livability +4.0/5.0
• Schools +3.9/10.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity awaits in this 4-bedroom home offering more than 1,400 finished square feet of living space. The main level features a spacious family room addition, kitchen with stainless steel appliances, flexible office space that could also serve as a dining room, full bathroom, and a large living room with hardwood flooring believed to be located beneath the existing carpet. Upstairs you'll find four bedrooms. Outside, enjoy a level 0.25-acre lot providing peaceful backyard space along with a shed, pergola patio area, and a newer composite deck located off the side entrance. The oversized detached 2+ car garage offers abundant storage and workspace, along with a natural gas heater that is

Key facts

• Hardwood flooring
• Newer composite deck
• Pergola patio area

Tags

• STAINLESS STEEL APPLIANCES
• HARDWOOD FLOORING
• LEVEL 0.25-ACRE LOT
• OVERSIZED DETACHED GARAGE
• NEWER COMPOSITE DECK
• PERGOLA PATIO AREA

Property features AI

Finance

• Other: Living area and size based on assessor records; Approx. finished living area reported as 1,408 (total finished/unfinshed 2,080); Lot dimensions approximately 73 x 150 (.25–.49 acre)
• Financial info: Special service area: No
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage (concrete) — garage owned; 2 total parking spaces (2 garage spaces)
• Utilities: Public water; Public sewer; Cable available
• Home design: Detached single-family home; 1.5-story configuration; Fee simple ownership; Estimated 100+ years old; Asphalt roof; Facing and entry details not provided
• Construction: Aluminum siding; Stone foundation; Built before 1978
• Exterior features: Deck; Porch; Level to sloped lot

Interior

• Kitchen: Galley-style kitchen (16 x 9); Range; Microwave; Dishwasher; Refrigerator; Stainless steel appliances
• Bedrooms: 4 bedrooms (master and three bedrooms on the second floor); Bedroom sizes include 12 x 9 (master), 11 x 9, 11 x 8, and 10 x 8
• Flooring: Hardwood in upstairs bedrooms and main areas; Carpet in living room and office; Ceramic tile in kitchen; Luxury vinyl in family room
• Bathrooms: 1 full bathroom; Basement includes a bathroom
• Heating & cooling: Natural gas forced air heating; Central air conditioning
• Interior features: 8 total rooms; Unfinished full basement; Basement has stone foundation; Hardwood flooring throughout main finished areas
• Laundry & utility: Laundry room; Dryer included

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $230 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Cap rate 8.4% 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 (+4.0%/yr); 161 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 44% 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 $899 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 5 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1880 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $130,000

Questions for the listing agent

1. Built in 1880 — 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: 1.07% ✓
• Cap rate: 8.41%
• Cash-on-cash: 7.57%
• DSCR: 1.34
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $157,696
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1527 N Division St	0.10mi	3/1.5 (-1)	1,558 (+11%)	1mo	$185,000	$119	72
1854 W 8th St	0.50mi	3/1.0 (-1)	1,417 (+1%)	2mo	$49,500	$35	67
1627 W High St	0.40mi	3/1.5 (-1)	1,466 (+4%)	4mo	$200,000	$136	66
1716 W 7th St	0.53mi	4/1.0	1,483 (+5%)	3mo	$63,500	$43	62
1527 N Marquette St	0.44mi	4/1.5	1,558 (+11%)	1mo	$80,444	$52	61
1324 Marquette St	0.41mi	3/2.0 (-1)	1,302 (-8%)	1mo	$115,000	$88	60
1341 W 14th St	0.34mi	3/1.5 (-1)	1,244 (-12%)	1mo	$131,900	$106	59
2128 N Sturdevant St	0.47mi	3/2.0 (-1)	1,514 (+8%)	2mo	$167,900	$111	57
911 W 16th St	0.69mi	3/1.0 (-1)	1,356 (-4%)	1mo	$152,000	$112	54
1922 N Pine St	0.66mi	3/1.0 (-1)	1,475 (+5%)	3mo	$169,900	$115	52
2102 W 18th St	0.46mi	3/1.0 (-1)	1,236 (-12%)	1mo	$155,000	$125	50
2217 W 13th St	0.54mi	3/1.0 (-1)	1,200 (-15%)	2mo	$157,000	$131	42

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 · 3.99% rent growth · sell at horizon

5-year hold

• IRR: -3.6%
• Equity multiple: 0.86×
• Total profit: $-5,033
• Equity at exit: $19,383

10-year hold

• IRR: 7.1%
• Equity multiple: 1.56×
• Total profit: $20,339
• Equity at exit: $11,240

Cash invested: $36,400 (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 52804

• Home prices YoY: -25.3%
• Rents YoY: 4.0%
• Active inventory: 161
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,394 high
• Mortgage (P&I): −$682
• Tax from tax record: −$136 /mo · $1,628/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $230

Break-even live

Break-even rent $1,103

Max offer price $130,000

Occupancy floor 79%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1723 W Locust St Davenport, IA	3.0	1.0	1690	$1,395	$0.83	44d	1	0.24mi
1455 W 12th St Davenport, IA	3.0	1.0	942	$1,095	$1.16	14d	1	0.32mi
1716 W 7th St Davenport, IA	4.0	1.0	1278	$1,712	$1.34	14d	1	0.55mi
915 W 14th St Davenport, IA	3.0	1.0	1390	$900	$0.65	44d	1	0.70mi
1315 Brown St Unit 2 Davenport, IA	3.0	1.0	1300	$1,250	$0.96	21d	1	0.83mi
1341 W 4th St Davenport, IA	3.0	1.5	979	$1,394	$1.42	44d	1	0.87mi
1323 N Gaines St Davenport, IA	4.0	2.0	1733	$1,350	$0.78	21d	1	0.91mi
621 W 15th St Davenport, IA	4.0	2.0	1833	$1,500	$0.82	14d	1	0.92mi
537 W 16th St Davenport, IA	3.0	1.0	1311	$1,400	$1.07	44d	1	0.97mi
1511 N Ripley St Davenport, IA	4.0	2.0	1872	$1,450	$0.77	21d	1	1.13mi
1912 Dixwell St Davenport, IA	4.0	2.0	1116	$1,300	$1.16	44d	1	1.13mi
1421 N Main St #2 Davenport, IA	3.0	1.0	1350	$1,095	$0.81	44d	1	1.28mi
2638 N Clark St Unit 2 Davenport, IA	3.0	1.5	1200	$1,250	$1.04	14d	1	1.35mi
119 E 13th St Davenport, IA	3.0	1.0	1728	$1,495	$0.87	44d	1	1.40mi
301 S Thornwood Ave Davenport, IA	3.0	1.0	1242	$1,395	$1.12	14d	1	1.44mi
1812 Pershing Ave Unit 1 Davenport, IA	3.0	1.0	1000	$1,200	$1.20	21d	1	1.49mi

Listing history 5 events

1. 2026-06-09
   status $130,000 Pending 5 DOM
2. 2026-06-08
   days on market $130,000 Active 5 DOM
3. 2026-06-07
   days on market $130,000 Active 4 DOM
4. 2026-06-03
   remarks 699-char remark
5. 2026-06-03
   listed $130,000 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: $1,628 · $136/mo
• Projected year-2 tax: $1,834 · $153/mo
• Expected delta: +$206/yr (+$17/mo · 12.7%)

ⓘ 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: $16,727
• − Mortgage interest: −$7,282
• − Property taxes: −$1,628
• − Insurance: −$650
• − Repairs & maintenance: −$1,338
• − Management: −$1,338
• − Depreciation: −$3,782
• Taxable income: $709
• Est. tax owed @ 24.0%: −$170
• After-tax cash flow: $2,585/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): 26,835
• Household income: $65,849
• Rent vs Own: 32.9% rent · 67.1% own
• Severe rent burden: 830.0

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% Black 10% Hispanic / Latino 10% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Iranian 2% Romanian 2% Portuguese 1%
• Foreign-born: 4% · Canada, China, Vietnam
• Languages at home: 94% English-only · Spanish 3% Russian/Polish/Slavic 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: ▼ -66.50%
• Current HPI: 196.2267
• Rent YoY: ▲ 3.99%
• 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

1 event — show timeline

• 2026-06-03 Listed $130,000 MRED as Distributed by MLS Grid

Property tax history

+0.5%/yr

Latest (2025): $1,628 · -4.1% YoY. Source: county tax records.