1900 13th AveRock 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 1900 13th Ave, Rock Island, IL, 61201 offers a 9.38% rental yield on a $124,900 purchase with $976/mo rent. Total monthly income registers $976/mo, and a $611/mo payment leaves $110/mo available for distribution. Annual cash flow reaches $1,320/yr on $41,404 to close, and return on cash invested stands at 23.1% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 120.91% and total cumulative return in cash at $50,062. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $976/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1910
N/A 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: Mindy Wakefield • Currents and Keys Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #QC4266935