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$369,000

For Sale - Active
2004 Lincoln Rd, Bettendorf, IA 52722
3 Beds
2 Baths
1,774 Square Feet
0.00 Acres Lot
Built in 1961
For Sale - Active
Units n/a
Checked: 7 hours ago
Updated: Jun 14, 2025 at 03:09AM

Investment Summary


Monthly Cash Flow
-$362
Cap Rate
5.1%
Cash-on-Cash Return
-5.1%
Debt Coverage Ratio
0.81
Internal Rate of Return (5 years)
-1.0%

Property Description


0.00 Acres Lot
Built in 1961
For Sale - Active
Units n/a

What a gem! This recently remodeled 3 bedroom home in Bettendorf is a must see! Bright and airy, upon entering you are greeted by a lovely open space on the main floor with vaulted ceilings and engineered hardwood flooring in the living room (currently a dining room), informal dining area and remodeled kitchen, which also features quartz countertops and stainless appliances (all stay!). Just down a few steps is a large family room, a full bath with natural limestone tile floor and a river rock mosaic walk-in shower. Additionally the HUGE laundry room has built-in cabinets, a sink and engineered hardwood floors - plus the washer and dryer (2020) will stay! There is access to the 2 car garage with newer garage door as well. In the basement there is a finished space - currently a playroom with rubber gym flooring, but could also be a gym, office or 4th non-conforming bedroom - as well as a large storage area. Upstairs are three bedrooms and a full bathroom with porcelain tile floor & tub surround, and marble counters. Outside is a huge, private patio with string lights perfect for a gathering or a quiet evening and the backyard is all fenced in. Plus all of these updates too: new windows and exterior doors (2018), high efficiency water heater (2018), high efficiency HVAC (2018), driveway (2021), patio (2021), landscaping & fence (2021), attic insulation to R60 (2018), Cat 5E Ethernet wired to areas of home, steel siding installed on interior garage walls, and new gutters.

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Location


Property Details


Parking

  • Description: Attached, Oversized
  • Details: Attached, Oversized
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 8
  • Basement: Yes
  • Basement Description: Finished, Partial

Exterior Features

  • Exterior Walls Materials: Vinyl siding
  • Foundation: Block
  • Roof Type: Gable
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 842813201
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1961

Tax Information

  • Annual Tax: $2,690

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Scott

Listing Details


Listed by:
Megan Stopulos
Ruhl&Ruhl REALTORS Davenport
(563) 441-5100

Source:
RMLS Alliance
MLS#: QC4261259
RMLS Alliance

Investment Summary


Monthly Cash Flow
-$362
Cap Rate
5.1%
Cash-on-Cash Return
-5.1%
Debt Coverage Ratio
0.81
Internal Rate of Return (5 years)
-1.0%

Purchase Details

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Purchase price:
$369,000
Amount financed:
-$295,200
Down payment:
$73,800
Closing costs:
$11,070
Rehab costs:
$0
Initial cash invested:
$84,870
Square feet:
1,774
Cost per square foot:
$208
Monthly rent per square foot:
$1.47

Financing Details

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Loan amount:
$295,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,932
Property tax:
$224
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,338

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$224-$2,690
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (34%)
34%-$874-$10,490

Cash Flow


Monthly Yearly
Net operating income:
$1,570 $18,840
Mortgage payments:
-$1,932 -$23,184
Cash flow:
$362 $4,344