2618 Morton DrEast MolineIL61244
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
Investment Highlights
Rental property for sale in East Moline at 2618 Morton Dr, East Moline, IL, 61244 priced at $105,900 converts $821/mo rent into $87/mo cash flow after a $518/mo obligation. Total monthly income equals $821/mo, and annual cash flow totals $1,041/yr on $35,106 invested. Return on cash invested prints 22.88% in year one, and rental yield reads 9.3% against a $105,900 entry. Equity gained on principal adds $683/yr, while 5% annual appreciation compiles into $29,258 by year five. Five-year ROI reaches 119.73% and total cumulative return in cash sums $42,032. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $821/mo property income covering a $518/mo payment, not borrower’s personal income.
Single Family
Built in 1963
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61244, East Moline, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,945 (100%) |
| Owner Occupied HU | 6,585 (60.2%) |
| Renter Occupied HU | 3,397 (31.0%) |
| Vacant Housing Units | 963 ( 8.8%) |
| Median Home Value | $146,112 |
| Average Home Value | $172,194 |
Housing Distribution
Address Breakdown
Residential
10,083
Single Family
8,283
Multi-Family
1,800
Businesses
540
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bert Mcalonan • Bower & Associates Inc., REALTORS
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4257428
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.