1800 7th St UNIT 7AEast MolineIL61244
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
Investment Highlights
Investment property for sale in East Moline at 1800 7th St UNIT 7A, East Moline, IL, 61244 offers a 11.25% rental yield on a $145,000 purchase with $1,359/mo rent. Total monthly income registers $1,359/mo, and a $710/mo payment leaves $353/mo available for distribution. Annual cash flow reaches $4,235/yr on $48,068 to close, and return on cash invested stands at 28.72% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 151.08% and total cumulative return in cash at $72,620. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,359/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1969
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shirley A Masterson • Ruhl&Ruhl REALTORS Moline
Mls Name: RMLS Alliance
Mls ID: #QC4264431