1011 Ripley St, Davenport, IA 52803

This is an up and down duplex. There are two bedrooms in each unit. Both have kitchen and bath in their own unit. Also all appliances would come with the property as well. The property currently has two good tenants that are in good standing, and pay on time. All utilities are split except the water. The water could be split or the owner could possibly split the bill equally between the tenants The property does not need any work that needs to be done currently. The owner has done a good job of keeping all maintenance up to date.Purchase price:$48,500Rent: $1150/mo ( $575 per unit)Taxes: $74/moSewer: $76 Insurance: $66/moUtilities: tenant pays Water: $78/moCashflow: $856/moRepairs:$0Annual Net rent: $10,272.00COCR: 21%Mortgage: 20yr @ 5320.08/moARV: $33/sqft = $67,000