815 21st St · East Moline, IL 61244

$70,000

2 bd · 1.0 ba · 720 sqft · SingleFamily · 12 Days on market

Built 1978 Est $118k · 41% under

---

Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +27.5/30.0
• ARV discount +15.0/15.0
• DSCR +9.7/10.0
• 1% rule +8.7/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Cute & Cozy 2-Bedroom Ranch - All on One Level! Welcome to this charming 2-bedroom, 1-bath home offering convenient single-level living. Inside, you'll find a warm and inviting layout that's perfect for easy living. The fenced backyard provides a private outdoor space for pets, gardening, or entertaining. A standout feature is the oversized 20x20 workshop, which could easily be converted back into a garage, transformed into a man cave, hobby space, or extra storage with a little TLC. This home is being sold as-is, and per the seller, the water heater is only 4 years old, giving you peace of mind for one of the major systems. Whether you're looking for a starter home, downsizing, or an

Key facts

• Single level living
• Fenced backyard
• Oversized workshop

Tags

• SINGLE LEVEL LIVING
• FENCED BACKYARD
• OVERSIZED WORKSHOP

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $208 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($958 rent vs $70k).
• Cap rate 9.9% vs local median 3.5% in East Moline — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 62/100 on livability (#870 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime C-, employment C-, amenities F.
• United Twp Hsd 30 (suburban): math 12% / reading 15% proficiency, ranked #536 of 620 in IL (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Ridgewood Elem School (math 8% / reading 17%, grade F, #1,371 of 2,056 statewide, top 68%, 413 students, 0% FRL); Glenview Middle School (math 10% / reading 13%, grade F, #571 of 665 statewide, top 86%, 1,150 students, 0% FRL); United Twp High School (math 12% / reading 15%, grade F, #498 of 693 statewide, top 72%, 1,789 students, 0% FRL).
• Market conditions: 126 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 116 units permitted in Rock Island County in 2024 (50 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $484 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Rock Island County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 21y ago; this cycle's ask is 28% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price.

Recommended offer $70,000

Questions for the listing agent

1. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.37% ✓
• Cap rate: 9.86%
• Cash-on-cash: 12.73%
• DSCR: 1.57
• GRM: 6.1

CMA / ARV

• ARV (on-the-fly): $118,080
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
815 21st St	0.00mi	2/1.0	720 (0%)	5mo	$70,000	$97	96
1548 11th Ave	0.32mi	2/1.5	728 (+1%)	2mo	$36,500	$50	80
742 26th St	0.34mi	2/1.0	672 (-7%)	3mo	$109,900	$164	71
344 22nd St	0.53mi	2/1.0	703 (-2%)	14mo	$115,000	$164	59
171 Hero St	0.64mi	3/2.0 (+1)	720 (0%)	11mo	$126,000	$175	52

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 2.6%
• Equity multiple: 1.10×
• Total profit: $1,952
• Equity at exit: $10,437

10-year hold

• IRR: 12.2%
• Equity multiple: 1.97×
• Total profit: $18,970
• Equity at exit: $6,052

Cash invested: $19,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 61244

• Active inventory: 126
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $958 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$153 /mo · $1,833/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$201
• Net cashflow: $208

Break-even live

Break-even rent $695

Max offer price $70,000

Occupancy floor 73%

Sensitivity live

Price	-10% $248	-5% $228	+0% $208	+5% $188	+10% $168
Rent	-10% $132	-5% $170	+0% $208	+5% $246	+10% $284
Rate	-1.0pp $243	-0.5pp $226	base $208	+0.5pp $190	+1.0pp $171

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1454 18th St East Moline, IL	2.0	1.5	650	$995	$1.53	22d	1	0.41mi
735 20th Ave Unit 3 East Moline, IL	2.0	1.0	690	$790	$1.14	22d	1	1.22mi

Listing history 46 events

1. 2026-05-24
   status Pending
2. 2026-05-24
   status Pending
3. 2026-05-22
   status Pending
4. 2026-01-26
   soldstatus $70,000
5. 2026-01-23
   soldstatus $70,000 Closed
6. 2026-01-23
   soldstatus $70,000 Closed
7. 2026-01-23
   soldstatus $70,000 Closed
8. 2026-01-23
   soldstatus $70,000 Closed
9. 2026-01-16
   status Pending
10. 2026-01-14
    historical
11. 2026-01-08
    status Pending
12. 2026-01-06
    historical
13. 2026-01-05
    historical
14. 2025-12-29
    status Pending
15. 2025-12-17
    historical
16. 2025-10-08
    listed Active
17. 2025-08-20
    status Pending
18. 2025-08-19
    historical
19. 2025-08-07
    price
20. 2025-07-18
    listed Active
21. 2021-08-06
    historical
22. 2021-08-06
    historical
23. 2021-08-06
    historical
24. 2021-08-06
    historical
25. 2021-08-06
    historical
26. 2020-06-03
    soldstatus $54,900
27. 2020-06-01
    soldstatus $54,900
28. 2020-06-01
    soldstatus $54,900
29. 2019-07-24
    listed $54,900
30. 2019-07-24
    listed $54,900
31. 2016-06-08
    soldstatus $140,600
32. 2016-04-21
    listed $149,900
33. 2009-08-03
    soldstatus $57,000
34. 2009-07-31
    soldstatus $56,000
35. 2009-07-31
    soldstatus $56,000
36. 2009-01-25
    listed $58,900
37. 2009-01-25
    listed $58,900
38. 2008-11-30
    historical
39. 2007-06-18
    soldstatus $53,000
40. 2007-06-15
    soldstatus $53,000
41. 2007-06-15
    soldstatus $53,000
42. 2007-04-20
    listed $58,900
43. 2007-04-20
    listed $58,900
44. 2006-02-14
    soldstatus $38,000
45. 2006-02-10
    soldstatus $38,000
46. 2005-12-04
    listed $42,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IL · Partial reset (capped growth)

• Current annual tax: $1,833 · $153/mo
• Projected year-2 tax: $1,833 · $153/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,497
• − Mortgage interest: −$3,921
• − Property taxes: −$1,833
• − Insurance: −$350
• − Repairs & maintenance: −$920
• − Management: −$920
• − Depreciation: −$2,036
• Taxable income: $1,517
• Est. tax owed @ 24.0%: −$364
• After-tax cash flow: $2,131/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: United Twp Hsd 30
• NCES district ID: 1739870
• Math proficiency: 12% ▼ -5.00%
• Reading proficiency: 15% ▼ -6.00%
• Median HH income: $43,647
• Composite: 11.91/100
• National rank: #9670
• State rank: #536 of 620 in IL

Livability — East Moline

• Score: 62/100
• State rank: #870
• US rank: #16964

Category grades

Amenities F Commute F Cost of living A+ Crime C- Employment C- Housing A+ Health & safety F User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: East Moline, IL
• County: Rock Island County · 103,822 people
• City population: 23,308
• Metro: Davenport-Moline-Rock Island, IA-IL
• Population (ZIP): 23,308
• Household income: $63,819
• Rent vs Own: 33.0% rent · 67.0% own
• Severe rent burden: 746.0

Population outlook (Rock Island County) Hauer SSP2

• Today (2025): 140,982 people
• By 2030: 137,705 · -2.3%
• By 2040: 130,512 · -7.4%
• By 2050: 123,841 · -12.2%
• By 2075: 109,851 · -22.1%
• By 2100: 90,922 · -35.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 55% Hispanic / Latino 19% Black 18% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: English 3% Lithuanian 2% Romanian 2%
• Foreign-born: 13% · Canada, United Kingdom, Philippines
• Languages at home: 78% English-only · Spanish 12% French/Haitian/Cajun 3% Other Asian/Pacific 2%

Political lean MEDSL · Rock Island

• 2024 margin: Lean D (+9.6) · D 53.9% · R 44.4% · Other 1.7%
• 2008→2024 swing: -15.0pp toward R · 2008: 24.6pp · 2024: 9.6pp
• All cycles: 2024: D+9.6 2020: D+12.1 2016: D+8.4 2012: D+21.9 2008: D+24.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -108.05%
• Current HPI: 154.4012
• Rent YoY: —
• Metro: Davenport-Moline-Rock Island, IA-IL
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

+66.7% since first listed

46 events — show timeline

• 2026-05-24 Pending — MRED as Distributed by MLS Grid
• 2026-05-24 Pending — MRED as Distributed by MLS Grid
• 2026-05-22 Pending — MRED as Distributed by MLS Grid
• 2026-01-26 Sold (Public Records) $70,000 Public Records
• 2026-01-23 Sold (MLS) $70,000 MRED as Distributed by MLS Grid
• 2026-01-23 Sold (MLS) $70,000 MRED as Distributed by MLS Grid
• 2026-01-23 Sold (MLS) $70,000 MRED as Distributed by MLS Grid
• 2026-01-23 Sold (MLS) $70,000 MRED as Distributed by MLS Grid
• 2026-01-16 Pending — MRED as Distributed by MLS Grid
• 2026-01-14 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-08 Pending — MRED as Distributed by MLS Grid
• 2026-01-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2026-01-05 Listing Removed — MRED as Distributed by MLS Grid
• 2025-12-29 Pending — MRED as Distributed by MLS Grid
• 2025-12-17 Listing Removed — MRED as Distributed by MLS Grid
• 2025-10-08 Listed — RMLSA as Distributed by MLS Grid
• 2025-08-20 Pending — RMLSA as Distributed by MLS Grid
• 2025-08-19 Listing Removed — RMLSA as Distributed by MLS Grid
• 2025-08-07 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-07-18 Listed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2020-06-03 Sold (Public Records) $54,900 Public Records
• 2020-06-01 Sold (MLS) $54,900 RMLSA as Distributed by MLS Grid
• 2020-06-01 Sold (MLS) $54,900 MRED as Distributed by MLS Grid
• 2019-07-24 Listed $54,900 RMLSA as Distributed by MLS Grid
• 2019-07-24 Listed $54,900 MRED as Distributed by MLS Grid
• 2016-06-08 Sold (MLS) $140,600 MRED as Distributed by MLS Grid
• 2016-04-21 Listed $149,900 MRED as Distributed by MLS Grid
• 2009-08-03 Sold (Public Records) $57,000 Public Records
• 2009-07-31 Sold (MLS) $56,000 MRED as Distributed by MLS Grid
• 2009-07-31 Sold (MLS) $56,000 RMLSA as Distributed by MLS Grid
• 2009-01-25 Listed $58,900 MRED as Distributed by MLS Grid
• 2009-01-25 Listed $58,900 RMLSA as Distributed by MLS Grid
• 2008-11-30 Listing Removed — MRED as Distributed by MLS Grid
• 2007-06-18 Sold (Public Records) $53,000 Public Records
• 2007-06-15 Sold (MLS) $53,000 RMLSA as Distributed by MLS Grid
• 2007-06-15 Sold (MLS) $53,000 MRED as Distributed by MLS Grid
• 2007-04-20 Listed $58,900 RMLSA as Distributed by MLS Grid
• 2007-04-20 Listed $58,900 MRED as Distributed by MLS Grid
• 2006-02-14 Sold (Public Records) $38,000 Public Records
• 2006-02-10 Sold (MLS) $38,000 RMLSA as Distributed by MLS Grid
• 2005-12-04 Listed $42,000 RMLSA as Distributed by MLS Grid

Property tax history

+2.3%/yr

Latest (2024): $1,833 · +6.3% YoY. Source: county tax records.