3220 2nd StEast 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 3220 2nd St, East Moline, IL, 61244 earns $309/mo cash flow from $1,419/mo rent with a $783/mo payment. Total monthly income totals $1,419/mo, and annual cash flow totals $3,712/yr on $53,040 capital. ROI tracks 26.91% on current figures, and rental yield reads 10.64% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 141.41% and total cumulative return in cash sums $75,002. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,419/mo property income instead of your personal income.
Single Family
Built in 1957
0.55 Acres 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: Sean Kelley • The Riverview Group - Epique Realty
Mls Name: RMLS Alliance
Mls ID: #QC4268024