2350 38th StRock 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 2350 38th St, Rock Island, IL, 61201 earns $155/mo cash flow from $1,160/mo rent with a $709/mo payment. Total monthly income totals $1,160/mo, and annual cash flow totals $1,862/yr on $48,034 capital. ROI tracks 23.79% on current figures, and rental yield reads 9.61% at a $144,900 purchase. Equity gained on principal adds $935/yr, and 5% annual appreciation supports $40,033 over five years. Five-year ROI reaches 124.71% and total cumulative return in cash sums $59,905. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,160/mo property income instead of your personal income.
Townhouse
Built in 1937
6,534 sqft 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: Richard Bassford • RE/MAX Concepts Bettendorf
Mls Name: MRED as distributed by MLS GRID
Mls ID: #QC4269275