2802 Archer DrEast MolineIL61244
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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 East Moline at 2802 Archer Dr, East Moline, IL, 61244 listed at $124,900 pairs $942/mo rent with a $611/mo payment to leave $76/mo cash flow. Total monthly income runs $942/mo, and annual cash flow reaches $912/yr on $41,404 cash to close. Return on cash invested measures 22.11% in year one, and rental yield registers 9.05% at a $124,900 basis. Equity gained on principal adds $806/yr, and annual property appreciation at 5% supports $34,508 by year five. Five-year ROI tracks 115.61% and total cumulative return in cash totals $47,866. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $942/mo property income relative to a $611/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1957
N/A 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
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Listed by: Kristin Eckhardt • Mel Foster Co. Davenport
Mls Name: MRED as distributed by MLS GRID
Mls ID: #QC4269594