3509 56th Street PlMolineIL61265
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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 Moline at 3509 56th Street Pl, Moline, IL, 61265 uses $81,218 cash to close to unlock $8,926/yr annual cash flow and $744/mo monthly cash flow. Total monthly income runs $2,540/mo, and a $1,199/mo payment keeps the spread at $744/mo. Purchase price stands at $245,000, and rental yield measures 12.44% with $2,540/mo rent. Return on cash invested shows 30.9% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 163.28% and total cumulative return in cash records $132,612. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,540/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61265, Moline, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,040 (100%) |
| Owner Occupied HU | 12,470 (59.3%) |
| Renter Occupied HU | 6,581 (31.3%) |
| Vacant Housing Units | 1,989 ( 9.5%) |
| Median Home Value | $160,589 |
| Average Home Value | $194,974 |
Housing Distribution
Address Breakdown
Residential
20,307
Single Family
17,420
Multi-Family
2,887
Businesses
1,655
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