1148 45th StRock IslandIL61201
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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
Investment Highlights
Investment property for sale in Rock Island at 1148 45th St, Rock Island, IL, 61201 uses $46,410 cash to close to unlock $9,002/yr annual cash flow and $750/mo monthly cash flow. Total monthly income runs $1,721/mo, and a $685/mo payment keeps the spread at $750/mo. Purchase price stands at $140,000, and rental yield measures 14.75% with $1,721/mo rent. Return on cash invested shows 39.31% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 207.93% and total cumulative return in cash records $96,502. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,721/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1939
5,499 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61201, Rock Island, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,404 (100%) |
| Owner Occupied HU | 9,750 (56.0%) |
| Renter Occupied HU | 5,539 (31.8%) |
| Vacant Housing Units | 2,115 (12.2%) |
| Median Home Value | $122,396 |
| Average Home Value | $161,101 |
Housing Distribution
Address Breakdown
Residential
15,782
Single Family
13,584
Multi-Family
2,198
Businesses
990
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Listed by: Erin Erickson • Ruhl&Ruhl REALTORS Bettendorf
Mls Name: RMLS Alliance
Mls ID: #QC4265719