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$195,000

For Sale - Active
908 16th St, Port Byron, IL 61275
4 Beds
2 Baths
1,641 Square Feet
0.00 Acres Lot
Built in 1972
For Sale - Active
Units n/a
Checked: 12 hours ago
Updated: Jul 28, 2025 at 03:23AM

Investment Summary


Monthly Cash Flow
-$114
Cap Rate
5.0%
Cash-on-Cash Return
-3.1%
Debt Coverage Ratio
0.88
Internal Rate of Return (5 years)
1.0%

Property Description


0.00 Acres Lot
Built in 1972
For Sale - Active
Units n/a

Beautifully cared for 4 bedroom, 2 bathroom home is ready for a new owner. New paint throughout the interior, new crown molding, and new closet doors are part of what makes this home feel so well loved. The kitchen was opened up to create a breakfast bar. New fridge & stove. The bathrooms have new vanities added & the ceiling fans are all new as well. Basement floor has been painted. The yard has been fenced in & the deck extended. This home shows like new.

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Location


Property Details


Parking

  • Description: Detached, On Street, Paved
  • Details: Detached, On Street, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • Basement: Yes
  • Basement Description: Finished, Full

Exterior Features

  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 0902309032
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Bungalow
  • Year Built: 1972

Tax Information

  • Annual Tax: $4,372

Utilities

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

Location

  • County: Rock Island

Listing Details


Listed by:
Bob Kelly
Ruhl&Ruhl REALTORS Moline
(309) 743-8053

Source:
RMLS Alliance
MLS#: QC4263685
RMLS Alliance

Investment Summary


Monthly Cash Flow
-$114
Cap Rate
5.0%
Cash-on-Cash Return
-3.1%
Debt Coverage Ratio
0.88
Internal Rate of Return (5 years)
1.0%

Purchase Details

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Purchase price:
$195,000
Amount financed:
-$156,000
Down payment:
$39,000
Closing costs:
$5,850
Rehab costs:
$0
Initial cash invested:
$44,850
Square feet:
1,641
Cost per square foot:
$119
Monthly rent per square foot:
$1.04

Financing Details

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Loan amount:
$156,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$923
Property tax:
$364
Insurance:
$119
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,406

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,700 $20,400
Vacancy loss: (6%)
6% -$102 -$1,224
Operating income:
$1,598 $19,176

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$364-$4,373
Insurance: (7%)
7%-$119-$1,428
Property management: (8%)
8%-$136-$1,632
Repairs & maintenance: (5%)
5%-$85-$1,020
Capital expenditures: (5%)
5%-$85-$1,020
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (46%)
46%-$789-$9,473

Cash Flow


Monthly Yearly
Net operating income:
$809 $9,708
Mortgage payments:
-$923 -$11,076
Cash flow:
$114 $1,368