2338 48th StMolineIL61265
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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 2338 48th St, Moline, IL, 61265 uses $44,719 cash to close to unlock $3,103/yr annual cash flow and $259/mo monthly cash flow. Total monthly income runs $1,194/mo, and a $660/mo payment keeps the spread at $259/mo. Purchase price stands at $134,900, and rental yield measures 10.62% with $1,194/mo rent. Return on cash invested shows 26.85% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 141.08% and total cumulative return in cash records $63,089. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,194/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in 1951
6,075 sqft 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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