538 39th AveEast MolineIL61244
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 538 39th Ave, East Moline, IL, 61244 in East Moline is listed at $209,000 and delivers $1,690/mo in rent and $221/mo in net monthly cash flow. The 9.7% yield and 1.80 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $57,743 over five years, and $1,925/yr in principal reduction supplements cash return. Total projected cumulative return: $94,274.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 7.0% |
| Monthly Cash Flow | $221 | $1,200 |
City averages based on East Moline market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,690 |
| Total Monthly Debt Service | $1,386 |
| DSCR Ratio | 1.22x |
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
9,870 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
9,870 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: Mary Millman Schoon • Ruhl&Ruhl REALTORS Davenport
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4264774
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.