706 4th Street, Rock Island, IL

14.69% return

SP: $50,000

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Property Description

Jumpstart your investment portfolio with this cash-flowing gem that promises a potential 14%+ net return! Ideal for new investors, this two-bedroom, one-bath home is priced for immediate profitability. With low property taxes and minimal upkeep requirements, it's designed to deliver steady income while allowing you to grow your portfolio without overwhelming costs. Situated in a tenant-ready market, this property combines affordable entry with high-yield potential, making it an incredible opportunity to build wealth and maximize returns from day one.

Property Information

Listing statusActive
Property typeSingle Family
Total units1
Total bedrooms2
Total bathrooms1
Building size1015 sq. ft.
Lot size0.1 acres
Year built1910

CountyRock Island County
SubdivisionBailey Davenport
ConstructionFrame
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingGas Furnace
CoolingCentral

Property Financial Summary

Sale price$50,000
Estimated rehab¹$0
Total investment$50,000

TypeProforma

Gross income (annually)$9,600
Operating expenses (annually)$2,255
Net income (annually)$7,345
Gross return19.20%

Gross income (monthly)$800
Operating expenses (monthly)$188
Net income (monthly)$612
Net return14.69%

Property Income & ExpensesMonthlyAnnual

Income

2 bed / 1 bath$800/month$9,600/year
Total$800/month$9,600/year

Expenses

Property Taxes$121/month$1,455/year
Insurance (estimated)$67/month$800/year
Total$188/month$2,255/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.