Davenport Ia Duplex available, great for cash flow

1 Reply

Price $67,000
Location 123 Street, Davenport, IA, 52803
Property Details

Unit: 1

  • Current Rent: $550
  • Occupied: Yes
  • Bedrooms: 2
  • Bathrooms: 1.0
  • Square Footage: 1090

Unit: 2

  • Current Rent: $550,650
  • Occupied: No
  • Bedrooms: 2
  • Bathrooms: 1.0
  • Square Footage: 1090

I had listed this before but didn't include an analysis. I'm also offering mentoring, coaching, and consulting to out of state investors and providing a boots on the ground teammate in our area. I have been approached by enough people to start offering such services. Email message if you'd like to talk about buying in Eastern Ia/Western IL

New roof, new windows, new furnace, new hot W/H TENANTS PAY ALL UTILITIES

Here is the link to the analysis

for 25% down and 5% financing amortized over 25 years

https://www.biggerpockets.com/calculators/shared/405995/0ef9fa0f-8cc6-494b-a2a1-b3e8c4085abe

Debt Coverage Ratio: 2.21

Total Cash Needed: $18,475.00 CoC return: 23.32 % Cash deal https://www.biggerpockets.com/calculators/shared/405995/f8c94867-f34d-4017-affb-c6bbdc8c3d9f

CoC Return 11.35%

Let me know if you’d like to speak more about it.

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