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4105 NOBIS DR
DAVENPORT, IA 52802-3016
Asking Price
$775K
Cap Rate
8.74%
Asset Type
Mobile-home-park
Class
Class B
What's Special
Great starter park in Quad Cities Metro!!! <p><span style="color: rgba(51, 51, 51, 1)">Davenport Estates MHP is an 17-pad manufactured housing community situated n 4.21 acres in Davenport, Iowa, within the Quad Cities MSA. Originally constructed in 1961, the property offers a well-located, stable asset with a mix of income streams and operational upside. In addition to the 17 pads, the property includes a 3-bedroom, 2-bath single-family residence totaling 1,696 square feet, seven garages, five larger storage units, and one smaller storag
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NOI
$80,000
Cap Rate
10.32%
DSCR
1.74
Strong
Cash-on-Cash
14.62%
Monthly Payment
$3,834.277
Annual Cash Flow
$33,988.674