1506 10th Ave · Rock Falls, IL 61071

$48,000

4 bd · 1.0 ba · 1,400 sqft · Other · 4 Days on market

Built 1940

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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

Calling all Investors, the 4 bedroom 1 bath house in Rock Falls is your next project. One single owner, a family home. Furnace is 5 years old. Roof is was done in 2009, no active leaks or issues with the roof. Bathroom updated with first floor laundry hook up. Property being sold AS-IS. Must have proof of funds or proof of construction loan.

Key facts

• Furnace 5 years old
• Roof done in 2009
• Bathroom updated

Tags

• FURNACE 5 YEARS OLD
• ROOF DONE IN 2009
• BATHROOM UPDATED
• FIRST FLOOR LAUNDRY HOOK UP

Property features AI

Finance

• Other: Lot less than 0.25 acre; Lot dimensions recorded as 10,454; Directions: West on 30, turn left onto 10th Ave; house on the right
• HOA & community: No master association fee required

Exterior

• Parking: One parking space
• Utilities: Public water; Public sewer; Natural gas available
• Home design: Detached single-family home; 1.5-story layout; Fee simple ownership
• Construction: Vinyl siding; Built approximately 81–90 years ago; Built before 1978
• Exterior features: School bus service

Interior

• Kitchen: Kitchen on main level (13 x 12)
• Bedrooms: Four bedrooms total; Master bedroom on main level (12 x 11); Bedroom on main level (11 x 10); Two bedrooms on second level (each 13 x 11)
• Bathrooms: One full bathroom
• Heating & cooling: Natural gas heating
• Interior features: Seven total rooms; Unfinished partial basement
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath other listed at $48k.

Deal economics

• At list price, monthly cash flow is $717 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $48k).
• Cap rate 24.2% vs local median 4.9% 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 $332 of loan paydown is wiped out by about $1k 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 $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $48,000

Questions for the listing agent

1. Built in 1940 — 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. 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?
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: 2.77% ✓
• Cap rate: 24.23%
• Cash-on-cash: 64.06%
• DSCR: 3.85
• GRM: 3.0

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: 63.1%
• Equity multiple: 3.82×
• Total profit: $37,935
• Equity at exit: $7,157

10-year hold

• IRR: 67.6%
• Equity multiple: 7.84×
• Total profit: $91,951
• Equity at exit: $4,150

Cash invested: $13,440 (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: 3.0×

Monthly cashflow live

• Estimated rent: $1,328 medium
• Mortgage (P&I): −$252
• Tax est. 1.5%: −$60 /mo · $720/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $717

Break-even live

Break-even rent $420

Max offer price $48,000

Occupancy floor 41%

Sensitivity live

Price	-10% $751	-5% $734	+0% $717	+5% $701	+10% $684
Rent	-10% $613	-5% $665	+0% $717	+5% $770	+10% $822
Rate	-1.0pp $742	-0.5pp $730	base $717	+0.5pp $705	+1.0pp $692

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: $12,000
• Closing costs: $1,440
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-06-21
   days on market $48,000 Active 4 DOM
2. 2026-06-18
   days on market $48,000 Active 2 DOM
3. 2026-06-17
   remarks 343-char remark
4. 2026-06-17
   listed $48,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,936
• − Mortgage interest: −$2,689
• − Property taxes: −$720
• − Insurance: −$240
• − Repairs & maintenance: −$1,275
• − Management: −$1,275
• − Depreciation: −$1,396
• Taxable income: $8,341
• Est. tax owed @ 24.0%: −$2,002
• After-tax cash flow: $6,607/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

1 event — show timeline

• 2026-06-16 Listed $48,000 MRED as Distributed by MLS Grid

Property tax history

+2.7%/yr

Latest (2024): $2,934 · +6.0% YoY. Source: county tax records.