Investing in Rock Island County
Rock Island County covers 2 rental markets we actively finance in Illinois — Moline, Rock Island. Across those markets the median investment basis averages $142,500, a long-term lease averages $1,038/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,102. That produces a county-wide average DSCR ratio near 0.95x.
Basis varies more inside Rock Island County than the average suggests. Rock Island is the lowest entry point at roughly $130,000, while Rock Island currently models the strongest coverage ratio in the county at 0.97x. When two towns in the same county ratio differently, it is almost always the rent-to-price relationship rather than the rate — the same loan pricing applies county-wide, so the deal is won on which submarket you buy in.