1 S Shore LnRapids CityIL61278
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 1 S Shore Ln, Rapids City, IL, 61278 in Rapids City is the 1.61 coverage ratio: rent of $4,493/mo versus a $2,788/mo debt payment on a $620,000 property. Rental yield 8.7%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $171,295 by year five, with $5,710/yr in equity from paydown. Total projected cumulative return: $209,628.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.2% |
| Monthly Cash Flow | $(472) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $4,493 |
| Total Monthly Debt Service | $4,718 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1995
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61278, Rapids City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 83 (100%) |
| Owner Occupied HU | 69 (83.1%) |
| Renter Occupied HU | 6 ( 7.2%) |
| Vacant Housing Units | 8 ( 9.6%) |
| Median Home Value | $251,389 |
| Average Home Value | $254,891 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 1995
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61278, Rapids City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 83 (100%) |
| Owner Occupied HU | 69 (83.1%) |
| Renter Occupied HU | 6 ( 7.2%) |
| Vacant Housing Units | 8 ( 9.6%) |
| Median Home Value | $251,389 |
| Average Home Value | $254,891 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard Bassford • RE/MAX Concepts Bettendorf
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4265364
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-18 03:07:50 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#564)