2802 Archer Dr · East Moline, IL 61244

$117,500

3 bd · 1.0 ba · 792 sqft · SingleFamily public records · 47 Days on market

Built 1957 6,534 sqft lot Est $109k · 8% over

---

Why this score? — see what drove the D- 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 +16.2/30.0
• DSCR +5.0/10.0
• 1% rule +4.6/10.0
• ARV discount +4.1/15.0
• 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

Situated along a bike path and across from a golf course, this property offers a versatile layout with a heated and cooled workspace located within the attached two-car garage, along with two additional outbuildings for added functionality. The home includes three bedrooms and an updated kitchen and bathroom with newer appliances. The lower-level bedroom does not include an egress window but does provide direct access to the exterior via stairs. * * * This property is part of an estate and is being sold as-is * * * Garage door opener does not currently work

Key facts

• Updated kitchen
• Updated bathroom
• 6,534 sq ft lot

Tags

• HEATED AND COOLED WORKSPACE
• ATTACHED TWO-CAR GARAGE
• TWO ADDITIONAL OUTBUILDINGS
• UPDATED KITCHEN
• UPDATED BATHROOM
• DIRECT ACCESS TO EXTERIOR

Property features AI

Finance

• Other: Property not currently leased; Possession at closing; Parcel number available
• Financial info: Homeowner tax exemption
• HOA & community: No master association fee required

Exterior

• Parking: Detached garage accessed off alley; 2 garage spaces (2 total parking spaces)
• Utilities: Public water; Septic tank sewer; Electric with circuit breakers
• Home design: Detached single-family home; One-story design; Fee simple ownership; Built ~61–70 years ago; Assessor-listed living area
• Construction: Vinyl siding with frame construction; Asphalt roof; Block foundation
• Exterior features: Deck; Partial yard fencing; Corner, level lot

Interior

• Kitchen: Range; Gas oven; Microwave; Dishwasher; Refrigerator
• Bedrooms: Master bedroom on main level (12 x 11); Second bedroom on main level (6 x 11); Additional bedroom in basement (12 x 10) — qualifies as possible 3rd bedroom
• Flooring: Laminate flooring in living areas and main-level bedrooms; Vinyl in kitchen; Carpet in basement rooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Partially finished basement; Recreation room (basement); Combined dining and living area; 6 total rooms
• Laundry & utility: Laundry on main level; Gas dryer hookup; Laundry closet; Washer; Dryer; Sump pump

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $118k.

Deal economics

• At list price, monthly cash flow is $61 ($736/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $113k (4.1% below list).
• Recommended offer: $113k (4.1% below list) — sets the bar for 1% rule.
• Cap rate 6.9% 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: 126 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $812 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

• It's been on market 47 days — a 3% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $112,703 (4.1% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 4% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.96% ✗
• Cap rate: 6.92%
• Cash-on-cash: 2.24%
• DSCR: 1.10
• GRM: 8.7

CMA / ARV

• ARV (on-the-fly): $109,296
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1821 27th Ave	0.27mi	2/1.0 (-1)	754 (-5%)	18mo	$67,320	$89	59
1116 34th Avenue Ct	0.43mi	3/2.0	832 (+5%)	14mo	$192,000	$231	56
927 35th Ave	0.52mi	3/1.0	864 (+9%)	8mo	$119,000	$138	54
1822 27 1/2 Ave	0.26mi	2/1.0 (-1)	902 (+14%)	13mo	$53,000	$59	49
323 15th Ave	0.74mi	2/1.0 (-1)	748 (-6%)	8mo	$88,000	$118	44
2817 19th St	0.34mi	2/1.0 (-1)	880 (+11%)	22mo	$33,500	$38	43
171 Hero St	0.73mi	3/2.0	720 (-9%)	11mo	$126,000	$175	38
1615 36th Ave	0.53mi	2/1.0 (-1)	870 (+10%)	19mo	$45,000	$52	38
516 8th Ave	0.57mi	2/1.5 (-1)	864 (+9%)	17mo	$120,500	$139	37
430 14th Ave	0.75mi	3/1.0	857 (+8%)	20mo	$125,500	$146	35
928 35th Ave	0.54mi	3/1.0	896 (+13%)	23mo	$135,000	$151	34
2187 18th St	0.54mi	2/2.0 (-1)	864 (+9%)	22mo	$117,500	$136	32

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: -12.7%
• Equity multiple: 0.54×
• Total profit: $-15,106
• Equity at exit: $17,520

10-year hold

• IRR: -3.7%
• Equity multiple: 0.76×
• Total profit: $-8,013
• Equity at exit: $10,159

Cash invested: $32,900 (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: 8.7×

Monthly cashflow live

• Estimated rent: $1,127 high
• Mortgage (P&I): −$616
• Tax from tax record: −$164 /mo · $1,967/yr
• Insurance: −$49
• HOA: −$0
• Vacancy / Maint / Mgmt: −$237
• Net cashflow: $61

Break-even live

Break-even rent $1,049

Max offer price $117,500

Occupancy floor 90%

Sensitivity live

Price	-10% $128	-5% $95	+0% $61	+5% $28	+10% $-5
Rent	-10% $-28	-5% $17	+0% $61	+5% $106	+10% $150
Rate	-1.0pp $121	-0.5pp $91	base $61	+0.5pp $31	+1.0pp $0

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: $29,375
• Closing costs: $3,525
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1842 28th Ave East Moline, IL	2.0	1.0	914	$1,100	$1.20	15d	1	0.34mi
625 25th Ave Unit 625 East Moline, IL	2.0	1.0	888	$900	$1.01	23d	1	0.72mi
777 20th Ave Unit 1 East Moline, IL	2.0	1.0	1030	$1,090	$1.06	23d	1	0.79mi
4000 Archer Dr East Moline, IL	2.0–3.0	1.0–1.5	933	$1,499	$1.61	15d	2	0.80mi
123 3rd St Unit House Silvis, IL	2.0	1.0	1017	$1,150	$1.13	23d	1	0.82mi
735 20th Ave Unit 3 East Moline, IL	2.0	1.0	690	$790	$1.14	23d	1	0.83mi
1454 18th St East Moline, IL	2.0	1.5	650	$995	$1.53	23d	1	0.92mi
4102 11th St Unit 1111-2D East Moline, IL	2.0	1.0	700	$820	$1.17	23d	1	0.93mi
4102 11th St Unit 4106-1D R East Moline, IL	2.0	1.0	700	$880	$1.26	23d	1	0.93mi
1111 Avenue Of The Cities Unit 4102-1A R East Moline, IL	2.0	1.0	700	$820	$1.17	23d	1	0.94mi
3341 5th St Unit 1 East Moline, IL	2.0	1.0	850	$1,300	$1.53	23d	1	0.99mi
2101 7th St Silvis, IL	3.0	1.0–2.5	905	$2,010	$2.22	15d	17	1.29mi
1810 14th St Silvis, IL	3.0	1.0	1100	$1,300	$1.18	15d	1	1.43mi

Listing history 25 events

1. 2026-06-17
   status $117,500 Pending 47 DOM
2. 2026-06-17
   days on market $117,500 Active 47 DOM
3. 2026-06-16
   days on market $117,500 Active 46 DOM
4. 2026-06-15
   days on market $117,500 Active 45 DOM
5. 2026-06-14
   days on market $117,500 Active 43 DOM
6. 2026-06-13
   days on market $117,500 Active 42 DOM
7. 2026-06-10
   days on market $117,500 Active 40 DOM
8. 2026-06-09
   days on market $117,500 Active 39 DOM
9. 2026-06-08
   days on market $117,500 Active 38 DOM
10. 2026-06-07
    days on market $117,500 Active 37 DOM
11. 2026-06-02
    days on market $117,500 Active 32 DOM
12. 2026-06-01
    days on market $117,500 Active 31 DOM
13. 2026-05-31
    days on market $117,500 Active 30 DOM
14. 2026-05-30
    days on market $117,500 Active 29 DOM
15. 2026-05-01
    listed $117,500 Active
16. 2026-05-01
    historical
17. 2026-04-23
    price
18. 2026-03-05
    status Active
19. 2026-02-09
    status Pending
20. 2026-01-20
    status Active
21. 2026-01-14
    historical
22. 2026-01-08
    status Active
23. 2026-01-07
    historical
24. 2026-01-06
    historical
25. 2025-11-21
    listed Active

ⓘ 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: $1,967 · $164/mo
• Projected year-2 tax: $2,317 · $193/mo
• Expected delta: +$350/yr (+$29/mo · 17.8%)

ⓘ 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 ≥104°F today · 16 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: $13,524
• − Mortgage interest: −$6,582
• − Property taxes: −$1,967
• − Insurance: −$588
• − Repairs & maintenance: −$1,082
• − Management: −$1,082
• − Depreciation: −$3,418
• Taxable loss: −$1,194
• Est. tax savings @ 24.0%: +$286
• After-tax cash flow: $1,022/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

• 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

11 events — show timeline

• 2026-05-01 Listing Removed — MRED as Distributed by MLS Grid
• 2026-05-01 Listed $117,500 MRED as Distributed by MLS Grid
• 2026-04-23 Price Changed — MRED as Distributed by MLS Grid
• 2026-03-05 Relisted — MRED as Distributed by MLS Grid
• 2026-02-09 Pending — MRED as Distributed by MLS Grid
• 2026-01-20 Relisted — MRED as Distributed by MLS Grid
• 2026-01-14 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-08 Relisted — MRED as Distributed by MLS Grid
• 2026-01-07 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2025-11-21 Listed — RMLSA as Distributed by MLS Grid

Property tax history

+2.3%/yr

Latest (2024): $1,967 · +7.8% YoY. Source: county tax records.