721 51st 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 721 51st Ave, East Moline, IL, 61244 uses $57,979 cash to close to unlock $17,399/yr annual cash flow and $1,450/mo monthly cash flow. Total monthly income runs $2,663/mo, and a $856/mo payment keeps the spread at $1,450/mo. Purchase price stands at $174,900, and rental yield measures 18.27% with $2,663/mo rent. Return on cash invested shows 49.92% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 264.76% and total cumulative return in cash records $153,504. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,663/mo property income covering a $856/mo payment rather than investor’s personal income.
Condo
Built in 1981
6,969 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: Richard Bassford • RE/MAX Concepts Bettendorf
Mls Name: RMLS Alliance
Mls ID: #QC4267464