499 44th Avenue CtEast 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 499 44th Avenue Ct, East Moline, IL, 61244 uses $42,399 cash to close to unlock $3,428/yr annual cash flow and $286/mo monthly cash flow. Total monthly income runs $1,388/mo, and a $626/mo payment keeps the spread at $286/mo. Purchase price stands at $127,900, and rental yield measures 13.02% with $1,388/mo rent. Return on cash invested shows 27.99% in year one, and 5% annual appreciation builds toward $35,336 over five years. Five-year ROI reaches 149.45% and total cumulative return in cash records $63,363. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,388/mo property income covering a $626/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$150 monthly 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: Joni Paaske • Ruhl&Ruhl REALTORS Bettendorf
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4262490
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.