2503 30th 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 2503 30th St, Rock Island, IL, 61201 uses $42,764 cash to close to unlock $4,747/yr annual cash flow and $396/mo monthly cash flow. Total monthly income runs $1,290/mo, and a $631/mo payment keeps the spread at $396/mo. Purchase price stands at $129,000, and rental yield measures 12% with $1,290/mo rent. Return on cash invested shows 31.01% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 163.37% and total cumulative return in cash records $69,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,290/mo property income covering a $631/mo payment rather than investor’s personal income.
Single Family
Built in 1925
5,662 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: Bob Case • Ruhl&Ruhl REALTORS Bettendorf
Mls Name: MRED as distributed by MLS GRID
Mls ID: #QC4269861