1602 37th 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 1602 37th St, Rock Island, IL, 61201 uses $44,753 cash to close to unlock $6,256/yr annual cash flow and $521/mo monthly cash flow. Total monthly income runs $1,458/mo, and a $661/mo payment keeps the spread at $521/mo. Purchase price stands at $135,000, and rental yield measures 12.96% with $1,458/mo rent. Return on cash invested shows 33.89% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 178.88% and total cumulative return in cash records $80,053. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,458/mo property income covering a $661/mo payment rather than investor’s personal income.
Townhouse
Built in 1912
6,254 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: Ashley Pankey • Ruhl&Ruhl REALTORS Moline
Mls Name: MRED as distributed by MLS GRID
Mls ID: #QC4270103