328 Island AveEast 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
Rental property for sale in East Moline at 328 Island Ave, East Moline, IL, 61244 priced at $109,000 converts $872/mo rent into $115/mo cash flow after a $534/mo obligation. Total monthly income equals $872/mo, and annual cash flow totals $1,385/yr on $36,134 invested. Return on cash invested prints 23.74% in year one, and rental yield reads 9.6% against a $109,000 entry. Equity gained on principal adds $703/yr, while 5% annual appreciation compiles into $30,115 by year five. Five-year ROI reaches 124.5% and total cumulative return in cash sums $44,986. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $872/mo property income covering a $534/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.72 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: Chuck Thompson • Mel Foster Co. Davenport
Mls Name: RMLS Alliance
Mls ID: #QC4268104