2019 11th Street PlEast 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 2019 11th Street Pl, East Moline, IL, 61244 earns $599/mo cash flow from $2,333/mo rent with a $1,224/mo payment. Total monthly income totals $2,333/mo, and annual cash flow totals $7,183/yr on $82,875 capital. ROI tracks 28.58% on current figures, and rental yield reads 11.2% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 150.33% and total cumulative return in cash sums $124,582. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,333/mo property income instead of your personal income.
Townhouse
Built in 1940
0.57 Acres 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: Mary Lou Bennett-McClean • RE/MAX Concepts Moline
Mls Name: MRED as distributed by MLS GRID
Mls ID: #QC4269440