3403 4th StEast MolineIL61244
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 3403 4th St, East Moline, IL, 61244 in East Moline at $193,000 earns $1,460/mo in rent and nets $121/mo after the $868/mo payment, a 9.08% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $53,322 over five years. Ziffy Mortgage underwrites this on a 1.68 DSCR without U.S. credit history. With $1,778/yr in principal paydown, total projected return reaches $81,604.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 7.0% |
| Monthly Cash Flow | $121 | $1,200 |
City averages based on East Moline market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,460 |
| Total Monthly Debt Service | $1,262 |
| DSCR Ratio | 1.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1963
6,944 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
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
Single Family
Built in 1963
6,944 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: N/A • N/A
Mls Name: MRED as distributed by MLS GRID
Mls ID: #QC4267849