11206 22nd St · Coyne Center, IL 61264

$124,900

3 bd · 1.0 ba · 1,040 sqft · Other public records · 8 Days on market

Built 1966 0.34 ac lot

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Why this score? — see what drove the C 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 +22.3/30.0
• ARV discount +7.5/15.0
• DSCR +7.2/10.0
• 1% rule +7.1/10.0
• Livability +3.4/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Spacious 3 Bedroom Ranch Style home with a Huge Yard and a 2 Car Garage! This home is conveniently located on a quiet rural Cul De Sac giving you a peaceful oasis that is just a few minutes away from the Quad Cities. The Oversized 2 car garage has plenty of space for all your hobbies and outdoor items. The large back yard is surrounded by mature trees giving you a relaxing and private space to sit back and enjoy the seasons. The front door welcomes you into a cozy living room with a large picture window allowing natural light to fill the room. Between the Living Room & Kitchen you'll find a dining space perfect for entertaining. The Kitchen offers lots of cabinet space and a corner wi

Key facts

• Huge yard
• Cul de sac
• Natural light

Tags

• HUGE YARD
• CUL DE SAC
• OVERSIZED GARAGE
• MATURE TREES
• NATURAL LIGHT
• FULL BASEMENT

Property features AI

Finance

• Other: Lot dimensions approximately 148 x 100; Lot size roughly 0.25–0.49 acre; Lot size source: County records; Living area source: Assessor; Property built before 1978
• Financial info: Special service area: No
• HOA & community: No master association fee required; Streets are paved

Exterior

• Parking: Detached garage (owned) with 2 garage spaces; Two parking spaces total; Gravel areas for parking
• Security: No specific security features listed
• Utilities: Public water; Septic tank sewer
• Home design: Detached single-family home; One-story; Fee simple ownership; Property is currently leased; Approximately 1,247 main finished square feet; Total finished + unfinished area approximately 2,494
• Construction: Built 51–60 years ago; Vinyl siding; Asphalt roof; Block foundation
• Exterior features: Patio; Located on a cul-de-sac; Mature trees; Level lot

Interior

• Kitchen: Range; Microwave; Refrigerator
• Bedrooms: Master bedroom on main level (12 x 11); Bedroom 2 on main level (11 x 10); Bedroom 3 on main level (10 x 9)
• Flooring: Carpet in living areas and bedrooms; Luxury vinyl in kitchen
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: First-floor bedroom; First-floor full bathroom; Basement is full and unfinished; Five total rooms; School bus service available
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $125k.

Deal economics

• At list price, monthly cash flow is $207 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).

Location & tenants

• Location reads 67/100 on livability (#526 in IL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Sherrard CUSD 200 (rural): math 29% / reading 30% proficiency, ranked #240 of 620 in IL (top 39%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Sherrard Elementary School (math 37% / reading 42%, grade F, #392 of 2,056 statewide, top 21%, 237 students, 0% FRL); Sherrard Jr High School (math 37% / reading 39%, grade F, #159 of 665 statewide, top 25%, 220 students, 0% FRL); Sherrard High School (math 27% / reading 27%, grade F, #218 of 693 statewide, top 35%, 451 students, 0% FRL) — zoned schools average 0% FRL vs 25% district-wide (25 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 33 active listings in the ZIP; 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 $864 of loan paydown is wiped out by about $4k 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.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 17y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $31k; list at $125k implies a 303% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price.

Recommended offer $124,900

Questions for the listing agent

1. Built in 1966 — 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: 1.21% ✓
• Cap rate: 8.28%
• Cash-on-cash: 7.10%
• DSCR: 1.32
• GRM: 6.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -5.3%
• Equity multiple: 0.80×
• Total profit: $-6,970
• Equity at exit: $18,623

10-year hold

• IRR: 4.4%
• Equity multiple: 1.32×
• Total profit: $11,287
• Equity at exit: $10,799

Cash invested: $34,972 (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 61264

• Active inventory: 33
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,508 medium
• Mortgage (P&I): −$655
• Tax from tax record: −$278 /mo · $3,332/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $207

Break-even live

Break-even rent $1,246

Max offer price $124,900

Occupancy floor 81%

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-06-18
   days on market $124,900 Active 8 DOM
2. 2026-06-17
   days on market $124,900 Active 7 DOM
3. 2026-06-16
   days on market $124,900 Active 6 DOM
4. 2026-06-15
   days on market $124,900 Active 5 DOM
5. 2026-06-13
   days on market $124,900 Active 3 DOM
6. 2026-06-12
   remarks 695-char remark
7. 2026-06-12
   listed $124,900 Active 2 DOM

ⓘ 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: $3,332 · $278/mo
• Projected year-2 tax: $3,332 · $278/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,099
• − Mortgage interest: −$6,996
• − Property taxes: −$3,332
• − Insurance: −$624
• − Repairs & maintenance: −$1,448
• − Management: −$1,448
• − Depreciation: −$3,633
• Taxable income: $617
• Est. tax owed @ 24.0%: −$148
• After-tax cash flow: $2,334/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: Sherrard CUSD 200
• NCES district ID: 1736180
• Math proficiency: 29% ▼ -9.00%
• Reading proficiency: 30% ▼ -16.00%
• Median HH income: $60,194
• Composite: 26.77/100
• National rank: #7129
• State rank: #240 of 620 in IL

Livability — Coyne Center

• Score: 67/100
• State rank: #526
• US rank: #10896

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Coyne Center, IL
• Population (ZIP): 10,056

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: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 5% Two or more races 5% Black 1% Asian 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: English 3% Romanian 2% Portuguese 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2% Other Asian/Pacific 1%

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: ▼ -126.95%
• Current HPI: 160.4359
• Rent YoY: —
• Metro: —
• 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

+302.9% since first listed

14 events — show timeline

• 2026-06-10 Listed $124,900 MRED as Distributed by MLS Grid
• 2022-06-28 Price Changed $1,400 RENT.
• 2022-06-27 Listing Removed — MRED as Distributed by MLS Grid
• 2022-05-05 Pending — RMLSA as Distributed by MLS Grid
• 2022-05-04 Listing Removed — RMLSA as Distributed by MLS Grid
• 2022-05-02 Listed — RMLSA as Distributed by MLS Grid
• 2022-03-04 Listing Removed — RMLSA as Distributed by MLS Grid
• 2022-02-28 Listing Removed — MRED as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2009-11-13 Sold (Public Records) $31,000 Public Records
• 2009-11-13 Listed $31,000 RMLSA as Distributed by MLS Grid
• 2009-11-13 Listed $31,000 MRED as Distributed by MLS Grid
• 2009-11-13 Sold (MLS) $31,000 RMLSA as Distributed by MLS Grid
• 2009-11-13 Sold (MLS) $31,000 MRED as Distributed by MLS Grid

Property tax history

+2.9%/yr

Latest (2024): $3,332 · +7.2% YoY. Source: county tax records.