600 E 5th St · Rock Falls, IL 61071

$80,000

3 bd · 1.0 ba · 1,828 sqft · Other · 7 Days on market

Built 1900 8,712 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 +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3 bedroom home on a corner lot with an oversized 2 car garage and a fenced in yard. Vaulted ceiling in the great room. Kitchen features lots of cabinets, appliances, and a snack bar. There is a dining room, 2nd living room and laundry / full bath ( new flooring) all on the main floor. Upstairs features 3 nice sized bedrooms. Partial basement. Garage doors are 8' tall and insulated.

Key facts

• 8,712 sq ft lot
• 2 garage spots
• Built 1900

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $80k.

Deal economics

• At list price, monthly cash flow is $337 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Cap rate 11.3% vs local median 5.0% in Rock Falls — 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 65/100 on livability (#607 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A, health & safety B; Watch: schools F, crime F, amenities F.
• Rock Falls Twp Hsd 301 (town): math 10% / reading 30% proficiency, ranked #726 of 919 in IL (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 43 active listings in the ZIP; 19 units permitted in Whiteside County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $553 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Whiteside County population projected at -21% 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 $22k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 4y 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.

Risks & watch-outs

• Watch-outs: property tax is 3.9% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $80,000

Questions for the listing agent

1. Built in 1900 — 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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.66% ✓
• Cap rate: 11.34%
• Cash-on-cash: 18.04%
• DSCR: 1.80
• GRM: 5.0

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: 9.7%
• Equity multiple: 1.38×
• Total profit: $8,605
• Equity at exit: $11,928

10-year hold

• IRR: 19.0%
• Equity multiple: 2.59×
• Total profit: $35,597
• Equity at exit: $6,917

Cash invested: $22,400 (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 61071

• Home prices YoY: -33.5%
• Active inventory: 43
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,330 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$261 /mo · $3,132/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $337

Break-even live

Break-even rent $904

Max offer price $80,000

Occupancy floor 70%

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-05-24
   status Pending
2. 2026-05-24
   status Pending
3. 2026-05-23
   status Pending
4. 2026-03-10
   soldstatus $80,000 Closed
5. 2026-03-10
   soldstatus $80,000 Closed
6. 2026-03-10
   soldstatus $80,000 Closed
7. 2026-03-10
   soldstatus $80,000 Closed
8. 2026-02-03
   status Pending
9. 2026-01-27
   status Active
10. 2026-01-08
    status Pending
11. 2026-01-05
    historical
12. 2025-12-03
    status Pending
13. 2025-12-02
    historical
14. 2025-12-02
    historical
15. 2025-11-19
    listed $80,000
16. 2025-11-19
    listed Active
17. 2022-11-18
    soldstatus $100,000
18. 2022-11-09
    soldstatus $100,000 Closed 401-char remark

    Show marketing remark (401 chars)

    Charming 3 bedroom home on a corner lot with an oversized 2 car garage and a fenced in yard. Vaulted ceiling in the great room. Kitchen features lots of cabinets, appliances, and a snack bar. There is a dining room, 2nd living room and laundry / full bath ( new flooring) all on the main floor. Upstairs features 3 nice sized bedrooms. Partial basement. Garage doors are 8' tall and insulated.

19. 2022-10-04
    historical Contingent - Continue to Show 401-char remark

    Show marketing remark (401 chars)

    Charming 3 bedroom home on a corner lot with an oversized 2 car garage and a fenced in yard. Vaulted ceiling in the great room. Kitchen features lots of cabinets, appliances, and a snack bar. There is a dining room, 2nd living room and laundry / full bath ( new flooring) all on the main floor. Upstairs features 3 nice sized bedrooms. Partial basement. Garage doors are 8' tall and insulated.

20. 2022-09-17
    price $94,900 401-char remark

    Show marketing remark (401 chars)

    Charming 3 bedroom home on a corner lot with an oversized 2 car garage and a fenced in yard. Vaulted ceiling in the great room. Kitchen features lots of cabinets, appliances, and a snack bar. There is a dining room, 2nd living room and laundry / full bath ( new flooring) all on the main floor. Upstairs features 3 nice sized bedrooms. Partial basement. Garage doors are 8' tall and insulated.

21. 2022-09-16
    status Active 401-char remark

    Show marketing remark (401 chars)

    Charming 3 bedroom home on a corner lot with an oversized 2 car garage and a fenced in yard. Vaulted ceiling in the great room. Kitchen features lots of cabinets, appliances, and a snack bar. There is a dining room, 2nd living room and laundry / full bath ( new flooring) all on the main floor. Upstairs features 3 nice sized bedrooms. Partial basement. Garage doors are 8' tall and insulated.

22. 2022-08-18
    historical Contingent - Continue to Show 401-char remark

    Show marketing remark (401 chars)

    Charming 3 bedroom home on a corner lot with an oversized 2 car garage and a fenced in yard. Vaulted ceiling in the great room. Kitchen features lots of cabinets, appliances, and a snack bar. There is a dining room, 2nd living room and laundry / full bath ( new flooring) all on the main floor. Upstairs features 3 nice sized bedrooms. Partial basement. Garage doors are 8' tall and insulated.

23. 2022-08-05
    status Active 401-char remark

    Show marketing remark (401 chars)

    Charming 3 bedroom home on a corner lot with an oversized 2 car garage and a fenced in yard. Vaulted ceiling in the great room. Kitchen features lots of cabinets, appliances, and a snack bar. There is a dining room, 2nd living room and laundry / full bath ( new flooring) all on the main floor. Upstairs features 3 nice sized bedrooms. Partial basement. Garage doors are 8' tall and insulated.

24. 2022-07-26
    historical Contingent - Continue to Show 401-char remark

    Show marketing remark (401 chars)

    Charming 3 bedroom home on a corner lot with an oversized 2 car garage and a fenced in yard. Vaulted ceiling in the great room. Kitchen features lots of cabinets, appliances, and a snack bar. There is a dining room, 2nd living room and laundry / full bath ( new flooring) all on the main floor. Upstairs features 3 nice sized bedrooms. Partial basement. Garage doors are 8' tall and insulated.

25. 2022-07-20
    listed $99,900 Active 401-char remark

    Show marketing remark (401 chars)

    Charming 3 bedroom home on a corner lot with an oversized 2 car garage and a fenced in yard. Vaulted ceiling in the great room. Kitchen features lots of cabinets, appliances, and a snack bar. There is a dining room, 2nd living room and laundry / full bath ( new flooring) all on the main floor. Upstairs features 3 nice sized bedrooms. Partial basement. Garage doors are 8' tall and insulated.

26. 2010-10-29
    soldstatus $79,900

ⓘ 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: $3,132 · $261/mo
• Projected year-2 tax: $3,132 · $261/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 2/10 Low 7 d/yr ≥102°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: $15,959
• − Mortgage interest: −$4,481
• − Property taxes: −$3,132
• − Insurance: −$400
• − Repairs & maintenance: −$1,277
• − Management: −$1,277
• − Depreciation: −$2,327
• Taxable income: $3,065
• Est. tax owed @ 24.0%: −$736
• After-tax cash flow: $3,306/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: Rock Falls Twp Hsd 301
• NCES district ID: 1734380
• Math proficiency: 10% ▼ -5.00%
• Reading proficiency: 30% ▬ 0.00%
• Median HH income: $36,851
• Composite: 19.86/100
• National rank: #13891
• State rank: #726 of 919 in IL

Livability — Rock Falls

• Score: 65/100
• State rank: #607
• US rank: #12541

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rock Falls, IL
• Population (ZIP): 13,482

Population outlook (Whiteside County) Hauer SSP2

• Today (2025): 53,736 people
• By 2030: 51,657 · -3.9%
• By 2040: 47,169 · -12.2%
• By 2050: 42,613 · -20.7%
• By 2075: 32,691 · -39.2%
• By 2100: 22,638 · -57.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 16% Two or more races 9%
• Hispanic origin (detail): Mexican 12% Puerto Rican 3%
• Common ancestry: Iranian 3% Romanian 3% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 90% English-only · Spanish 9%

Political lean MEDSL · Whiteside

• 2024 margin: R (+14.7) · D 41.7% · R 56.4% · Other 2.0%
• 2008→2024 swing: -32.3pp toward R · 2008: 17.6pp · 2024: -14.7pp
• All cycles: 2024: R+14.7 2020: R+8.3 2016: R+6.3 2012: D+17.3 2008: D+17.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -71.37%
• Current HPI: 142.0179
• 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

+0.1% since first listed

26 events — show timeline

• 2026-05-24 Pending — MRED as Distributed by MLS Grid
• 2026-05-24 Pending — MRED as Distributed by MLS Grid
• 2026-05-23 Pending — MRED as Distributed by MLS Grid
• 2026-03-10 Sold (MLS) $80,000 MRED as Distributed by MLS Grid
• 2026-03-10 Sold (MLS) $80,000 MRED as Distributed by MLS Grid
• 2026-03-10 Sold (MLS) $80,000 MRED as Distributed by MLS Grid
• 2026-03-10 Sold (MLS) $80,000 MRED as Distributed by MLS Grid
• 2026-02-03 Pending — MRED as Distributed by MLS Grid
• 2026-01-27 Relisted — MRED as Distributed by MLS Grid
• 2026-01-08 Pending — MRED as Distributed by MLS Grid
• 2026-01-05 Listing Removed — MRED as Distributed by MLS Grid
• 2025-12-03 Pending — RMLSA as Distributed by MLS Grid
• 2025-12-02 Listing Removed — RMLSA as Distributed by MLS Grid
• 2025-12-02 Listing Removed — MRED as Distributed by MLS Grid
• 2025-11-19 Listed — RMLSA as Distributed by MLS Grid
• 2025-11-19 Listed $80,000 MRED as Distributed by MLS Grid
• 2022-11-18 Sold (Public Records) $100,000 Public Records
• 2022-11-09 Sold (MLS) $100,000 MRED as Distributed by MLS Grid
• 2022-10-04 Contingent — MRED as Distributed by MLS Grid
• 2022-09-17 Price Changed $94,900 MRED as Distributed by MLS Grid
• 2022-09-16 Relisted — MRED as Distributed by MLS Grid
• 2022-08-18 Contingent — MRED as Distributed by MLS Grid
• 2022-08-05 Relisted — MRED as Distributed by MLS Grid
• 2022-07-26 Contingent — MRED as Distributed by MLS Grid
• 2022-07-20 Listed $99,900 MRED as Distributed by MLS Grid
• 2010-10-29 Sold (Public Records) $79,900 Public Records

Property tax history

+4.1%/yr

Latest (2024): $3,132 · +7.9% YoY. Source: county tax records.