2316 29 1/2 StRock IslandIL61201
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 2316 29 1/2 St, Rock Island, IL, 61201 in Rock Island speaks for itself: 11.47% gross on a $225,000 price, generating $2,150/mo in rent and $590/mo in net income after the $1,012/mo debt service. DSCR 2.12, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,077 stacks alongside $62,163 in projected five-year appreciation and $2,072/yr in principal reduction. Projected total cumulative return: $123,972.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 6.5% |
| Monthly Cash Flow | $590 | $250 |
City averages based on Rock Island market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,150 |
| Total Monthly Debt Service | $1,471 |
| DSCR Ratio | 1.46x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
0.26 Acres 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
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
Single Family
Built in 1960
0.26 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12605968