817 8th AveSilvisIL61282
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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 Silvis at 817 8th Ave, Silvis, IL, 61282 uses $68,123 cash to close to unlock $8,201/yr annual cash flow and $683/mo monthly cash flow. Total monthly income runs $2,109/mo, and a $1,006/mo payment keeps the spread at $683/mo. Purchase price stands at $205,500, and rental yield measures 12.32% with $2,109/mo rent. Return on cash invested shows 31.95% in year one, and 5% annual appreciation builds toward $56,776 over five years. Five-year ROI reaches 168.41% and total cumulative return in cash records $114,727. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,109/mo property income covering a $1,006/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61282, Silvis, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,014 (100%) |
| Owner Occupied HU | 2,032 (50.6%) |
| Renter Occupied HU | 1,576 (39.3%) |
| Vacant Housing Units | 406 (10.1%) |
| Median Home Value | $166,000 |
| Average Home Value | $187,550 |
Housing Distribution
Address Breakdown
Residential
3,865
Single Family
3,126
Multi-Family
739
Businesses
208
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Listed by: Richard Bassford • RE/MAX Concepts Bettendorf
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #QC4261868
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.