608 29th 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 608 29th Ave, East Moline, IL, 61244 generates $1,779/mo in rent and, after a $954/mo payment, leaves $427/mo in cash flow. Total monthly income is $1,779/mo, and annual cash flow is $5,122/yr on $64,643 invested. Return on cash invested sits at 27.83% in year one, and rental yield is 10.95% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 146.3% and total cumulative return in cash sums $94,570. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,779/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
8,276 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
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Listed by: Haylie Spencer • Mel Foster Co. Davenport
Mls Name: MRED as distributed by MLS GRID
Mls ID: #100000277