2324 N Shore DrMolineIL61265
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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 Moline at 2324 N Shore Dr, Moline, IL, 61265 with 5% annual appreciation on a $384,900 basis while $6,749/mo rent supports operations. Total monthly income totals $6,749/mo and a $1,884/mo payment preserves $4,079/mo for cash returns. Annual cash flow comes to $48,950/yr on $127,594 deployed, and return on cash invested reaches 58.27% in year one. Equity gained on principal adds $2,484/yr, and five-year appreciation sums $106,341 alongside rental yield of 21.04%. Five-year ROI measures 309.58% and total cumulative return in cash totals $395,007.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,749/mo property income versus a $1,884/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2000
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61265, Moline, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,040 (100%) |
| Owner Occupied HU | 12,470 (59.3%) |
| Renter Occupied HU | 6,581 (31.3%) |
| Vacant Housing Units | 1,989 ( 9.5%) |
| Median Home Value | $160,589 |
| Average Home Value | $194,974 |
Housing Distribution
Address Breakdown
Residential
20,307
Single Family
17,420
Multi-Family
2,887
Businesses
1,655
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Listed by: Chris Mcdanel • EXP REALTY, LLC.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4255627
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.