1606 18th 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 1606 18th Ave, East Moline, IL, 61244 offers a 9.09% rental yield on a $115,000 purchase with $871/mo rent. Total monthly income registers $871/mo, and a $563/mo payment leaves $30/mo available for distribution. Annual cash flow reaches $354/yr on $38,123 to close, and return on cash invested stands at 20.84% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 109.35% and total cumulative return in cash at $41,685. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $871/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
N/A 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: Katie Ohrt • BUY SELL BUILD QC - Real Broker, LLC
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4260454
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.