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$700,000

For Sale - Active
17711 Route 84 N, East Moline, IL 61244
4 Beds
5 Baths
4,192 Square Feet
0.00 Acres Lot
Built in 1997
For Sale - Active
Units n/a
Checked: 11 hours ago
Updated: Jun 30, 2025 at 06:38PM

Investment Summary


Monthly Cash Flow
-$402
Cap Rate
5.0%
Cash-on-Cash Return
-3.0%
Debt Coverage Ratio
0.88
Internal Rate of Return (5 years)
1.1%

Property Description


0.00 Acres Lot
Built in 1997
For Sale - Active
Units n/a

This exceptional, fully renovated brick ranch on the Mississippi River is a rare opportunity for luxury riverfront living. With over 4k finished sq ft, a 4-car garage, & sweeping panoramic river views, this 4-bed, 4.5-bath residence offers elegance, comfort, & unmatched lifestyle amenities. Since 2023, the home has undergone a complete transformation—designed with luxury & function in mind. The open-concept main level includes a stunning living room, dining area, kitchen, & office space, all oriented to capture the river’s beauty. The primary suite is a true retreat, featuring a spa-inspired en suite with a zero-entry shower & an oversized double vanity. 3 of the 4 bedrooms include private full baths. The finished, walk-out basement adds expansive living space & includes a custom 19-seat theater room! Outside, the property shines with a meticulously designed patio, breathtaking sunset views from the back deck, & a 24x30 private dock with boat lift for full riverfront enjoyment. A tankless water heater ensures constant comfort. Too many updates to list here—full update sheet available. This is riverfront living at its finest!

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Location


Property Details


Parking

  • Description: Attached, Guest Parking, Heated, Parking Pad, Shared Access
  • Details: Attached, Guest, Heated Garage, Paved, Garage Door Opener
  • Garage Spaces: 4
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Partial): 1
  • # of Baths (Total): 5.0

Interior Features

  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Daylight, Finished, Full, Walk-Out Access
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Brick/Mortar
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential (Assumed)

Lot Information

  • Parcel ID: 0903301010
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1997

Tax Information

  • Annual Tax: $1,495

Utilities

  • Water & Sewer: Private
  • Heating: Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Rock Island

Listing Details


Listed by:
Richard Bassford
RE/MAX Concepts Bettendorf
(563) 332-9900

Source:
RMLS Alliance
MLS#: QC4263021
RMLS Alliance

Investment Summary


Monthly Cash Flow
-$402
Cap Rate
5.0%
Cash-on-Cash Return
-3.0%
Debt Coverage Ratio
0.88
Internal Rate of Return (5 years)
1.1%

Purchase Details

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Purchase price:
$700,000
Amount financed:
-$560,000
Down payment:
$140,000
Closing costs:
$21,000
Rehab costs:
$0
Initial cash invested:
$161,000
Square feet:
4,192
Cost per square foot:
$167
Monthly rent per square foot:
$1.05

Financing Details

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Loan amount:
$560,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$3,313
Property tax:
$125
Insurance:
$308
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,746

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,400 $52,800
Vacancy loss: (6%)
6% -$264 -$3,168
Operating income:
$4,136 $49,632

Operating Expenses


% Rent Monthly Yearly
Property taxes: (3%)
3%-$125-$1,496
Insurance: (7%)
7%-$308-$3,696
Property management: (8%)
8%-$352-$4,224
Repairs & maintenance: (5%)
5%-$220-$2,640
Capital expenditures: (5%)
5%-$220-$2,640
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (28%)
28%-$1,225-$14,696

Cash Flow


Monthly Yearly
Net operating income:
$2,911 $34,932
Mortgage payments:
-$3,313 -$39,756
Cash flow:
$402 $4,824