217 12th St · East Moline, IL 61244

$69,900

2 bd · 1.0 ba · 810 sqft · SingleFamily public records · 118 Days on market

Built 1915 6,969 sqft lot Est $84k · 17% under ↓ 9% since listing

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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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.6/10.0
• 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

Don't miss this 2-bedroom, 1-bath two-story home with great potential! This home features two decks - one in the front and one in the back. Enjoy a nice, level backyard that offers plenty of space for outdoor activities, gardening or pets. The main level offers a living room, full bathroom and eat-in kitchen. For added convenience, the washer and dryer have been relocated from the basement to the main level. Upstairs, you'll find two generously sized bedrooms. Extra storage space in basement. With a little personal touch, this home can truly shine-making it a fantastic opportunity for both homeowners and investors. Some photos are virtually staged.

Key facts

• Extra storage space
• Level backyard
• Two decks

Tags

• TWO DECKS
• LEVEL BACKYARD
• EAT-IN KITCHEN
• WASHER AND DRYER RELOCATED
• EXTRA STORAGE SPACE

Property features AI

Finance

• Other: Property assessed/finished area reported by assessor
• HOA & community: No master association fee required

Exterior

• Parking: Gravel driveway (1 parking space total)
• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 2 stories; Fee simple ownership; Over 100 years old; Built before 1978
• Construction: Vinyl siding; Stone foundation
• Exterior features: Deck; Level lot

Interior

• Kitchen: Range; Dishwasher; Refrigerator
• Bedrooms: 2 bedrooms (master and second floor bedroom — second floor); Additional bedrooms listed
• Flooring: Carpet in living room and bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Window air conditioning units
• Interior features: 4 total rooms; Unfinished full basement
• Laundry & utility: Laundry room

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 $382 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $64k (9.0% below list) — sets the bar for market timing.
• Cap rate 12.9% 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: United Twp High School (math 12% / reading 15%, grade F, #498 of 693 statewide, top 72%, 1,789 students, 0% FRL).
• Market conditions: 124 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 $483 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 ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 118 days — a 9% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $7k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $63,609 (9.0% below list)

Questions for the listing agent

1. It's been on market 118 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1915 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.46% ✓
• Cap rate: 12.86%
• Cash-on-cash: 23.44%
• DSCR: 2.04
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $84,240
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
512 Island Ave	0.36mi	2/1.0	832 (+3%)	21mo	$54,500	$66	61
344 22nd St	0.28mi	2/1.0	703 (-13%)	14mo	$115,000	$164	53
2326 3X Ave	0.36mi	3/2.0 (+1)	882 (+9%)	15mo	$115,500	$131	47
815 21st St	0.71mi	2/1.0	720 (-11%)	5mo	$70,000	$97	44
1507 10th Ave	0.68mi	3/1.0 (+1)	917 (+13%)	12mo	$80,500	$88	31
1026 13th St	0.72mi	2/1.0	904 (+12%)	23mo	$93,600	$104	28

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: 16.5%
• Equity multiple: 1.66×
• Total profit: $13,000
• Equity at exit: $10,422

10-year hold

• IRR: 25.0%
• Equity multiple: 3.18×
• Total profit: $42,585
• Equity at exit: $6,044

Cash invested: $19,572 (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: 124
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,020 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$28 /mo · $333/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$214
• Net cashflow: $382

Break-even live

Break-even rent $536

Max offer price $69,900

Occupancy floor 58%

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: $17,475
• Closing costs: $2,097
• 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	21d	1	1.05mi
123 3rd St Unit House Silvis, IL	2.0	1.0	1017	$1,150	$1.13	21d	1	1.27mi

Listing history 24 events

1. 2026-06-18
   days on market $69,900 Active 118 DOM
2. 2026-06-17
   days on market $69,900 Active 117 DOM
3. 2026-06-16
   days on market $69,900 Active 116 DOM
4. 2026-06-15
   days on market $69,900 Active 115 DOM
5. 2026-06-14
   days on market $69,900 Active 113 DOM
6. 2026-06-13
   days on market $69,900 Active 112 DOM
7. 2026-06-10
   days on market $69,900 Active 110 DOM
8. 2026-06-09
   days on market $69,900 Active 109 DOM
9. 2026-06-08
   days on market $69,900 Active 108 DOM
10. 2026-06-07
    days on market $69,900 Active 107 DOM
11. 2026-06-02
    days on market $69,900 Active 102 DOM
12. 2026-06-01
    days on market $69,900 Active 101 DOM
13. 2026-05-31
    days on market $69,900 Active 100 DOM
14. 2026-05-30
    days on market $69,900 Active 99 DOM
15. 2026-04-13
    price $69,900
16. 2026-03-19
    price $76,500
17. 2026-02-20
    listed $77,000 Active
18. 2022-11-08
    historical
19. 2022-11-08
    historical
20. 2022-05-19
    listed Active
21. 2022-04-27
    historical
22. 2022-04-27
    historical
23. 2022-04-26
    listed Active
24. 2021-08-06
    historical

ⓘ 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: $333 · $28/mo
• Projected year-2 tax: $960 · $80/mo
• Expected delta: +$627/yr (+$52/mo · 187.9%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 73% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°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: $12,239
• − Mortgage interest: −$3,915
• − Property taxes: −$333
• − Insurance: −$350
• − Repairs & maintenance: −$979
• − Management: −$979
• − Depreciation: −$2,033
• Taxable income: $3,649
• Est. tax owed @ 24.0%: −$876
• After-tax cash flow: $3,712/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

-9.2% since first listed

10 events — show timeline

• 2026-04-13 Price Changed $69,900 MRED as Distributed by MLS Grid
• 2026-03-19 Price Changed $76,500 MRED as Distributed by MLS Grid
• 2026-02-20 Listed $77,000 MRED as Distributed by MLS Grid
• 2022-11-08 Listing Removed — RMLSA as Distributed by MLS Grid
• 2022-11-08 Listing Removed — MRED as Distributed by MLS Grid
• 2022-05-19 Listed — RMLSA as Distributed by MLS Grid
• 2022-04-27 Listing Removed — RMLSA as Distributed by MLS Grid
• 2022-04-27 Listing Removed — MRED as Distributed by MLS Grid
• 2022-04-26 Listed — RMLSA as Distributed by MLS Grid
• 2021-08-06 Listing Removed — RMLSA as Distributed by MLS Grid

Property tax history

+2.0%/yr

Latest (2018): $333 · +1.7% YoY. Source: county tax records.