2011 W 2nd St · Davenport, IA 52802

$100,000

4 bd · 1.0 ba · 1,217 sqft · SingleFamily public records · 5 Days on market

Built 1900 9,583 sqft lot Est $125k · 20% under ↓ 48% since listing

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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 +28.4/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• 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

Strictly sold as is with all faults and defects. No warranties. Measurements are approximate. Buyers/Buyers agent to verify ALL information and aspects of property. All offers must have proof of funds and EM check to submit.

Key facts

• Fresh paint
• New flooring
• Open living space

Tags

• NEW FLOORING
• FRESH PAINT
• OPEN LIVING SPACE
• CONVENIENT LOCATION

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $323 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Cap rate 10.2% 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: 68 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 $691 of loan paydown is wiped out by about $3k 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 $28k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 21y ago; this cycle's ask is 234% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $21k; list at $100k implies a 376% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $100,000

Questions for the listing agent

1. Built in 1900 — 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: 1.31% ✓
• Cap rate: 10.17%
• Cash-on-cash: 13.85%
• DSCR: 1.62
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $125,351
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2006 Claussen St	0.12mi	3/1.5 (-1)	1,253 (+3%)	5mo	$125,000	$100	78
2008 Dixwell St	0.18mi	3/1.0 (-1)	1,140 (-6%)	4mo	$118,000	$104	73
435 Waverly Rd	0.43mi	3/1.0 (-1)	1,206 (-1%)	9mo	$123,800	$103	66
314 Washington St	0.57mi	3/2.0 (-1)	1,275 (+5%)	1mo	$109,900	$86	56
114 S Elmwood Ave	0.41mi	3/2.0 (-1)	1,116 (-8%)	3mo	$140,000	$125	56
2614 Mckinley Ave	0.67mi	4/2.0	1,280 (+5%)	2mo	$106,500	$83	55
1824 W 8th St	0.56mi	3/1.0 (-1)	1,140 (-6%)	6mo	$112,000	$98	53
209 S Thornwood Ave	0.46mi	3/1.0 (-1)	1,056 (-13%)	1mo	$36,000	$34	51
809 Cimarron Dr	0.59mi	3/1.0 (-1)	1,092 (-10%)	3mo	$164,000	$150	48
1701 W 8th St	0.61mi	3/1.0 (-1)	1,090 (-10%)	3mo	$78,500	$72	47
612 Waverly Rd	0.56mi	4/1.5	1,040 (-14%)	2mo	$175,000	$168	46
2628 Westwood Pl	0.70mi	3/1.5 (-1)	1,358 (+12%)	7mo	$192,500	$142	35

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: 4.1%
• Equity multiple: 1.16×
• Total profit: $4,417
• Equity at exit: $14,910

10-year hold

• IRR: 13.6%
• Equity multiple: 2.09×
• Total profit: $30,494
• Equity at exit: $8,646

Cash invested: $28,000 (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 52802

• Home prices YoY: -28.3%
• Active inventory: 68
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,313 high
• Mortgage (P&I): −$524
• Tax from tax record: −$148 /mo · $1,777/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $323

Break-even live

Break-even rent $904

Max offer price $100,000

Occupancy floor 70%

Sensitivity live

Price	-10% $380	-5% $352	+0% $323	+5% $295	+10% $267
Rent	-10% $219	-5% $271	+0% $323	+5% $375	+10% $427
Rate	-1.0pp $374	-0.5pp $349	base $323	+0.5pp $297	+1.0pp $271

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1912 Dixwell St Davenport, IA	4.0	2.0	1116	$1,300	$1.16	44d	1	0.18mi
301 S Thornwood Ave Davenport, IA	3.0	1.0	1242	$1,395	$1.12	14d	1	0.46mi
1716 W 7th St Davenport, IA	4.0	1.0	1278	$1,712	$1.34	14d	1	0.57mi
1341 W 4th St Davenport, IA	3.0	1.5	979	$1,394	$1.42	44d	1	0.76mi
1455 W 12th St Davenport, IA	3.0	1.0	942	$1,095	$1.16	14d	1	0.95mi
915 W 14th St Davenport, IA	3.0	1.0	1390	$900	$0.65	44d	1	1.42mi

Listing history 21 events

1. 2026-05-31
   status $100,000 Pending 5 DOM
2. 2026-05-31
   days on market $100,000 Active 5 DOM
3. 2026-05-30
   days on market $100,000 Active 4 DOM
4. 2026-05-14
   historical
5. 2026-04-03
   price
6. 2026-02-26
   price
7. 2026-02-25
   status Active
8. 2026-01-19
   status Pending
9. 2026-01-14
   historical
10. 2026-01-08
    status Pending
11. 2026-01-06
    historical
12. 2026-01-05
    historical
13. 2025-12-31
    status Pending
14. 2025-11-14
    listed Active
15. 2008-01-15
    soldstatus $21,000 224-char remark

    Show marketing remark (224 chars)

    Strictly sold as is with all faults and defects. No warranties. Measurements are approximate. Buyers/Buyers agent to verify ALL information and aspects of property. All offers must have proof of funds and EM check to submit.

16. 2008-01-15
    soldstatus $21,000 224-char remark

    Show marketing remark (224 chars)

    Strictly sold as is with all faults and defects. No warranties. Measurements are approximate. Buyers/Buyers agent to verify ALL information and aspects of property. All offers must have proof of funds and EM check to submit.

17. 2007-11-15
    listed $29,900 224-char remark

    Show marketing remark (224 chars)

    Strictly sold as is with all faults and defects. No warranties. Measurements are approximate. Buyers/Buyers agent to verify ALL information and aspects of property. All offers must have proof of funds and EM check to submit.

18. 2007-11-15
    listed $29,900 224-char remark

    Show marketing remark (224 chars)

    Strictly sold as is with all faults and defects. No warranties. Measurements are approximate. Buyers/Buyers agent to verify ALL information and aspects of property. All offers must have proof of funds and EM check to submit.

19. 2006-04-06
    soldstatus $47,500
20. 2006-03-21
    soldstatus $47,500
21. 2005-11-07
    listed $40,000

ⓘ 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: $1,777 · $148/mo
• Projected year-2 tax: $1,777 · $148/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 3/10 Moderate FEMA zone X (unshaded) · 10% 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: $15,758
• − Mortgage interest: −$5,602
• − Property taxes: −$1,777
• − Insurance: −$500
• − Repairs & maintenance: −$1,261
• − Management: −$1,261
• − Depreciation: −$2,909
• Taxable income: $2,449
• Est. tax owed @ 24.0%: −$588
• After-tax cash flow: $3,291/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

-47.5% since first listed

18 events — show timeline

• 2026-05-14 Listing Removed — MRED as Distributed by MLS Grid
• 2026-04-03 Price Changed — MRED as Distributed by MLS Grid
• 2026-02-26 Price Changed — MRED as Distributed by MLS Grid
• 2026-02-25 Relisted — MRED as Distributed by MLS Grid
• 2026-01-19 Pending — MRED as Distributed by MLS Grid
• 2026-01-14 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-08 Pending — 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
• 2025-12-31 Pending — MRED as Distributed by MLS Grid
• 2025-11-14 Listed — RMLSA as Distributed by MLS Grid
• 2008-01-15 Sold (MLS) $21,000 RMLSA as Distributed by MLS Grid
• 2008-01-15 Sold (MLS) $21,000 MRED as Distributed by MLS Grid
• 2007-11-15 Listed $29,900 RMLSA as Distributed by MLS Grid
• 2007-11-15 Listed $29,900 MRED as Distributed by MLS Grid
• 2006-04-06 Sold (Public Records) $47,500 Public Records
• 2006-03-21 Sold (MLS) $47,500 RMLSA as Distributed by MLS Grid
• 2005-11-07 Listed $40,000 RMLSA as Distributed by MLS Grid

Property tax history

+5.1%/yr

Latest (2025): $1,777 · +67.7% YoY. Source: county tax records.