1365 13 1/2 AveEast MolineIL61244
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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 East Moline at 1365 13 1/2 Ave, East Moline, IL, 61244 uses $46,410 cash to close to unlock $5,798/yr annual cash flow and $483/mo monthly cash flow. Total monthly income runs $1,454/mo, and a $685/mo payment keeps the spread at $483/mo. Purchase price stands at $140,000, and rental yield measures 12.46% with $1,454/mo rent. Return on cash invested shows 32.4% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 170.91% and total cumulative return in cash records $79,318. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,454/mo property income covering a $685/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
2,320 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61244, East Moline, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,945 (100%) |
| Owner Occupied HU | 6,585 (60.2%) |
| Renter Occupied HU | 3,397 (31.0%) |
| Vacant Housing Units | 963 ( 8.8%) |
| Median Home Value | $146,112 |
| Average Home Value | $172,194 |
Housing Distribution
Address Breakdown
Residential
10,083
Single Family
8,283
Multi-Family
1,800
Businesses
540
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Listed by: Melissa Bowman • Ruhl&Ruhl REALTORS Moline
Mls Name: RMLS Alliance
Mls ID: #QC4267809