1121 E Lorena Ave · Wood River, IL 62095

$59,900

3 bd · 1.0 ba · 892 sqft · SingleFamily public records · 23 Days on market

Built 1938 7,200 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

Located in Wood River, this 2-bedroom fixer upper is full of opportunity and ready for your vision. Situated on a . 17-acre lot, the property offers plenty of space for improvements, outdoor living, or future expansion. With solid potential for investors, flippers, or buyers looking to build sweat equity, this home could be transformed into something special. Conveniently located near local amenities and major roadways, it’s an excellent chance to add value and make it your own. Bring your ideas and make this your next project!

Key facts

• 7,200 sq ft lot
• Built 1938
• Listed 23 days

Property features AI

Exterior

• Utilities: Public water; Public sewer; Single-phase electric; Cable available; Electricity available; Natural gas available
• Home design: Single-family residence; Residential property; One story
• Construction: Vinyl siding
• Exterior features: Level lot

Interior

• Bedrooms: 2 bedrooms (both on the main level)
• Bathrooms: 1 full bathroom (on the main level)
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: One-level living

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $637 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $59k (1.5% below list) — sets the bar for market timing.
• Cap rate 19.1% vs local median 5.9% in Wood River — 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 75/100 on livability (#214 in IL, #4,027 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B; Watch: amenities C-, commute D+, employment D+.
• Roxana CUSD 1 (suburban): math 18% / reading 19% proficiency, ranked #440 of 620 in IL (top 71%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 33 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 336 units permitted in Madison County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $414 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Madison County population projected at -18% 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 $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($59k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $14k; list at $60k implies a 328% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1938 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $59,001 (1.5% below list)

Questions for the listing agent

1. Built in 1938 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 2.24% ✓
• Cap rate: 19.05%
• Cash-on-cash: 45.57%
• DSCR: 3.03
• GRM: 3.7

CMA / ARV

• ARV (on-the-fly): $128,448
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1391 Brushey Grove Ave	0.31mi	3/1.0	864 (-3%)	8mo	$140,000	$162	74
867 E Penning Ave	0.24mi	2/1.0 (-1)	941 (+6%)	7mo	$80,000	$85	69
1440 Ladd Ave	0.37mi	3/1.0	816 (-8%)	2mo	$50,000	$61	67
850 Whittier St	0.62mi	2/2.0 (-1)	896 (+0%)	1mo	$99,000	$110	61
514 Reller St	0.67mi	4/1.5 (+1)	901 (+1%)	0mo	$153,850	$171	60
523 E Acton Ave	0.49mi	2/1.0 (-1)	936 (+5%)	6mo	$135,000	$144	59
545 E Acton Ave	0.46mi	2/1.0 (-1)	1,015 (+14%)	6mo	$120,000	$118	45
637 Grove Ave	0.70mi	3/1.0	1,012 (+14%)	3mo	$196,000	$194	42
458 N 6th St	0.54mi	2/1.0 (-1)	1,015 (+14%)	6mo	$139,900	$138	42
634 Mildred Ave	0.73mi	2/1.0 (-1)	816 (-8%)	8mo	$60,000	$74	40
314 N 3rd St	0.73mi	2/1.0 (-1)	767 (-14%)	3mo	$144,990	$189	35
545 S 7th St	0.69mi	2/1.0 (-1)	768 (-14%)	7mo	$125,900	$164	34

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: 42.7%
• Equity multiple: 2.84×
• Total profit: $30,881
• Equity at exit: $8,931

10-year hold

• IRR: 48.8%
• Equity multiple: 5.72×
• Total profit: $79,221
• Equity at exit: $5,179

Cash invested: $16,772 (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 62095

• Home prices YoY: -22.9%
• Active inventory: 33
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,339 medium
• Mortgage (P&I): −$314
• Tax from tax record: −$82 /mo · $981/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $637

Break-even live

Break-even rent $533

Max offer price $59,900

Occupancy floor 47%

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1400 Brushey Grove Ave Wood River, IL	4.0	1.5	1050	$1,600	$1.52	1d	1	0.33mi
1905 Tyler Timmins Dr Unit 21 Wood River, IL	3.0	1.0	960	$1,100	$1.15	1d	1	0.79mi
1905 Tyler Timmins Dr Apt 19 Wood River, IL	2.0	1.5	1000	$950	$0.95	1d	1	0.82mi

Listing history 16 events

1. 2026-06-18
   days on market $59,900 Active 23 DOM
2. 2026-06-17
   days on market $59,900 Active 22 DOM
3. 2026-06-16
   days on market $59,900 Active 21 DOM
4. 2026-06-15
   price $59,900 Active 20 DOM
5. 2026-06-15
   days on market $69,900 Active 20 DOM
6. 2026-06-13
   days on market $69,900 Active 18 DOM
7. 2026-06-09
   days on market $69,900 Active 14 DOM
8. 2026-06-08
   pricedays on market $69,900 Active 13 DOM
9. 2026-06-07
   days on market $79,900 Active 12 DOM
10. 2026-06-05
    days on market $79,900 Active 9 DOM
11. 2026-06-03
    days on market $79,900 Active 8 DOM
12. 2026-06-02
    days on market $79,900 Active 7 DOM
13. 2026-06-01
    days on market $79,900 Active 6 DOM
14. 2026-05-31
    days on market $79,900 Active 5 DOM
15. 2026-05-26
    listed $79,900 Active
16. 1996-06-14
    soldstatus $14,000

ⓘ 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: $981 · $82/mo
• Projected year-2 tax: $1,170 · $98/mo
• Expected delta: +$190/yr (+$16/mo · 19.3%)

ⓘ 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 · 73% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,066
• − Mortgage interest: −$3,355
• − Property taxes: −$981
• − Insurance: −$300
• − Repairs & maintenance: −$1,285
• − Management: −$1,285
• − Depreciation: −$1,743
• Taxable income: $7,117
• Est. tax owed @ 24.0%: −$1,708
• After-tax cash flow: $5,934/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: Roxana CUSD 1
• NCES district ID: 1735010
• Math proficiency: 18% ▼ -8.00%
• Reading proficiency: 19% ▼ -11.00%
• Median HH income: $50,661
• Composite: 16.73/100
• National rank: #9164
• State rank: #440 of 620 in IL

Livability — Wood River

• Score: 75/100
• State rank: #214
• US rank: #4027

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wood River, IL
• County: Madison County · 189,064 people
• City population: 10,726
• Metro: St. Louis, MO-IL
• Population (ZIP): 10,726
• Household income: $65,013
• Rent vs Own: 32.2% rent · 67.8% own
• Severe rent burden: 383.0

Population outlook (Madison County) Hauer SSP2

• Today (2025): 258,371 people
• By 2030: 251,523 · -2.7%
• By 2040: 233,640 · -9.6%
• By 2050: 213,042 · -17.5%
• By 2075: 165,255 · -36.0%
• By 2100: 123,953 · -52.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Black 6% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Lithuanian 2% Romanian 2% Iranian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Madison

• 2024 margin: R (+13.3) · D 42.5% · R 55.8% · Other 1.8%
• 2008→2024 swing: -22.5pp toward R · 2008: 9.2pp · 2024: -13.3pp
• All cycles: 2024: R+13.3 2020: R+13.2 2016: R+15.6 2012: R+1.4 2008: D+9.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -64.69%
• Current HPI: 217.1264
• Rent YoY: —
• Metro: St. Louis, MO-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

+470.7% since first listed

2 events — show timeline

• 2026-05-26 Listed $79,900 MARIS as Distributed by MLS Grid
• 1996-06-14 Sold (Public Records) $14,000 Public Records

Property tax history

+5.7%/yr

Latest (2024): $981 · +272.0% YoY. Source: county tax records.