610 Forest RdEast 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 610 Forest Rd, East Moline, IL, 61244 earns $470/mo cash flow from $2,030/mo rent with a $1,101/mo payment. Total monthly income totals $2,030/mo, and annual cash flow totals $5,638/yr on $74,554 capital. ROI tracks 27.47% on current figures, and rental yield reads 10.83% at a $224,900 purchase. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 over five years. Five-year ROI reaches 144.38% and total cumulative return in cash sums $107,641. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,030/mo property income instead of your personal income.
Single Family
Built in 1984
N/A 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: Katie Ohrt • BUY SELL BUILD QC - Real Broker, LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #100000201