620 16th 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
Investment property for sale in East Moline at 620 16th Ave, East Moline, IL, 61244 uses $39,614 cash to close to unlock $1,272/yr annual cash flow and $106/mo monthly cash flow. Total monthly income runs $935/mo, and a $585/mo payment keeps the spread at $106/mo. Purchase price stands at $119,500, and rental yield measures 9.39% with $935/mo rent. Return on cash invested shows 23.12% in year one, and 5% annual appreciation builds toward $33,016 over five years. Five-year ROI reaches 121.21% and total cumulative return in cash records $48,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $935/mo property income covering a $585/mo payment rather than investor’s personal income.
Single Family
Built in 1910
4,760 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: Erika Letcher • Milltown Realty, LLC
Mls Name: RMLS Alliance
Mls ID: #QC4261514