Quad Cities Iowa Investment Property

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Quad Cities Investment Property
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 W Spring St (Eldridge), Quad Cities, 52748  [APL]
4 Photos
Home for sale: W Spring St (Eldridge), Quad Cities, IA
   
Purchase Price: $335,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $3,500
Bedrooms: 8 Property Tax: $295
Bathrooms: 4 Insurance/HOA: $160
Size: (sq ft) 3,328  Property Mgmt: $245
Price/Sq foot:  $101 Cash Flow: (Raw) $2,800
Year Built: 1968 Cap Rate: 10.0%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: A– DealGrader™: 7.7
This property has 4 units with 2 bedrooms and 1 bath each and it is located at Eldridge in Iowa. Average rent per unit is $875. 

Picture: street view (google map)
 E 35th (Davenport), Quad Cities, 52806  [APL]
5 Photos
Home for sale: E 35th (Davenport), Quad Cities, IA
   
Purchase Price: $350,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $3,500
Bedrooms: 8 Property Tax: $300
Bathrooms: 4 Insurance/HOA: $120
Size: (sq ft) 4,202  Property Mgmt: $175
Price/Sq foot:  $83 Cash Flow: (Raw) $2,905
Year Built: 1964 Cap Rate: 10.0%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: B DealGrader™: 7.7
This property has 4 units with 2 bedrooms and 1 bath each and it is located at Davenport in Iowa. Average rent per unit is $875. 
 E 35th (Davenport), Quad Cities, 52806  [APL]
5 Photos
Home for sale: E 35th (Davenport), Quad Cities, IA
   
Purchase Price: $350,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $3,500
Bedrooms: 8 Property Tax: $300
Bathrooms: 4 Insurance/HOA: $120
Size: (sq ft) 4,202  Property Mgmt: $175
Price/Sq foot:  $83 Cash Flow: (Raw) $2,905
Year Built: 1964 Cap Rate: 10.0%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: B DealGrader™: 7.7
This property has 4 units with 2 bedrooms and 1 bath each and it is located at Davenport in Iowa. Average rent per unit is $875. 
 E 35th (Davenport), Quad Cities, 52806  [APL]
4 Photos
Home for sale: E 35th (Davenport), Quad Cities, IA
   
Purchase Price: $350,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $3,500
Bedrooms: 10 Property Tax: $360
Bathrooms: 4 Insurance/HOA: $120
Size: (sq ft) 3,816  Property Mgmt: $175
Price/Sq foot:  $92 Cash Flow: (Raw) $2,845
Year Built: 1962 Cap Rate: 9.8%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: B DealGrader™: 7.6
This property has 4 units (2 units) 2 bedrooms and 1 bath each (2 units)
3 bedrooms and 1 bath each and it is located at Davenport in Iowa. Average rent per unit for unit 1 & 2 is $825 and units 3 & 4 is at $925.
 E 35th (Davenport), Quad Cities, 52806  [APL]
4 Photos
Home for sale: E 35th (Davenport), Quad Cities, IA
   
Purchase Price: $350,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $3,500
Bedrooms: 10 Property Tax: $362
Bathrooms: 4 Insurance/HOA: $120
Size: (sq ft) 3,816  Property Mgmt: $175
Price/Sq foot:  $92 Cash Flow: (Raw) $2,843
Year Built: 1963 Cap Rate: 9.7%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: B DealGrader™: 7.6
This property has 4 units (2 units) 2 bedrooms and 1 bath each (2 units)
3 bedrooms and 1 bath each and it is located at Davenport in Iowa. Average rent per unit for unit 1 & 2 is $825 and units 3 & 4 is at $925.

More Properties Coming Soon!

Highlights

  • Quad Cities is a highly stable, growing market, with a unique arbitrage opportunity to own and rent single family homes based on structural inefficiencies.
  • Unique market where many families are searching for affordable, safe, clean housing, but are unable to buy.
  • Distressed homes 15-30% below market value in solid neighborhoods with above average school districts and 8% capitalization rates.
  • Strong population growth and a stable, diversified employer base (federal government, education, health care, John Deere HQ).
  • Diversified economy – Federal Employees / Multiple Universities / Students / Technology / Transportation / Health Care – great number of jobs in basic industries.
  • Larger institutional participants have not entered the market, limiting sophistication, scale and liquidity of competing operators — we are quickly becoming the largest, most sophisticated and best capitalized market participant.

Overview

Davenport is a larger medium-sized city located in the state of Iowa. With a population of 102,612 people and 31 constituent neighborhoods, Davenport is the third largest community in Iowa.

Unlike some cities, Davenport isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Davenport are a mix of both white- and blue-collar jobs. Overall, Davenport is a city of sales and office workers, service providers, and professionals. There are especially a lot of people living in Davenport who work in office and administrative support (12.54%), sales jobs (10.57%), and management occupations (7.62%).

Also of interest is that Davenport has more people living here who work in computers and math than 95% of the places in the US.

The percentage of people in Davenport who are college-educated is somewhat higher than the average US community of 21.84%: 26.70% of adults in Davenport have at least a bachelor's degree.

The per capita income in Davenport in 2010 was $25,551, which is middle income relative to Iowa and the nation. This equates to an annual income of $102,204 for a family of four. However, Davenport contains both very wealthy and poor people as well.

Davenport is a very ethnically-diverse city. The people who call Davenport home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Davenport residents report their race to be White, followed by Black or African-American. Important ancestries of people in Davenport include Irish, English, Italian, and Swedish.

The most common language spoken in Davenport is English. Other important languages spoken here include Spanish and Vietnamese.


Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.

Market Inventory Trends — Davenport, IA
Average Days on Market — Davenport, IA
Market Action Index — Davenport, IA

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Real Median Household Income Trends — Davenport, IA
Real Median Household Income Trends - Davenport, Arkansas
            Davenport, Texas, National.
Home Rent-to-Mortgage Payment Ratio — Davenport, IA
Home Rent-to-Mortgage Payment Ratio - Davenport, Arkansas

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper.  (Note: taxes are not considered here.)

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.


Basic Purchase Information

Property Value  (est.) $
Purchase Price $
Down Payment  (%) $
Equity at Purchase $

Mortgage Calculation

Interest Rate (%)
Down Payment (%)
Loan Term (Fixed)
Loan Amount: $, Loan Term: yrs, Interest Rate: %
Loan Amount $
Annual Payment $
Monthly Payment $

Cash to Purchase

Down Payment  (%) $
Closing Costs  (%) $
Total Cash Required $
 
    Numbers in blue boxes can be modified.
    Calculations under all tabs update in real-time.
 
 

Calculation Assumptions

Rental Income (mo.) $
Property Taxes $
Insurance (est.) $
Homeowners Assoc. $
Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (Buy) (%)
Closing Costs (Sell) (%)

Cash Flow and Equity Accumulation

CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
  less Vacancy Allowance
Total Operating Income
                 
Property Taxes
Insurance (est.)
Homeowners Association
Maintenance Reserve
Property Management
Total Operating Expenses
                 
Net Operating Income (NOI)
  less Mortgage Expense
ANNUAL CASH FLOW
MONTHLY CASH FLOW
                 
TAX BENEFITS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
                 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
  less Mortgage Balance
EQUITY (WEALTH)
                 
FINANCIAL PERFORMANCE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Capitalization (Cap) Rate
Cash on Cash Return (COC)
Return on Investment (ROI)
Internal Rate of Return (IRR)


Note: Google's Street View images may be as much as two years old.





Please contact us for neighborhood specific information and demographics.

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