1236 W 7th St

1236 W 7th St

Available: 234 tokens at $49+

Min Investment
Davenport, IA
Projected Return

Company Description

This property is an occupied single family home located in a suburban neighborhood of Davenport, Iowa in the Quad Cities.
The tenant is currently on a month-to-month lease paying $895/month with a $895 security deposit. They have lived in the property since 02/01/2020.
Refer to the 'Documents' tab above to view the following information plus more:

Purchase Agreement
Inspection report
Inspection report repairs
HouseCanary Evaluation
Rent roll
Lease Agreement
Sales price history

Our A.I. does not have enough data for this property to make an accurate forecast of the future appreciation. Because of this, we are not projecting that this property will rapidly appreciate. The projected appreciation of 4% is determined by taking the average of HouseCanary's 3 year appreciation projection for the zip code.
The LLC documents will be uploaded to the 'Documents' tab once the property is fully funded and closed.


Update 9/1/2022: The Property Manager received a work order for the AC at the property. A vendor serviced the unit and identified that the compressor is having issues. They are not able to replace the compressor as the part is now obsolete. The condensing unit will have to be replaced for this property. The cost to replace the unit is $3,200. The seller provided a repair credit of $2,160 at closing, which will be applied towards the cost of the repair. $1,040 will be deducted from the Maintenance Reserve which will be replenished via 10% of the property's cash flow until it is full again.
Amount Raised : $0
Reveal the Score by Voting
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.

Research Reports

No reports have been submitted

Become a Reporter