Company Description
This property is an occupied single family home located in Rock Island, Illinois in the Quad Cities.
The tenant is on a 1 year lease from 03/03/2022 - 03/31/2023 and is paying $1,050/month. There is a security deposit for $1,050/month.
Refer to the 'Documents' tab above to view the following information plus more:
Purchase Agreement
Inspection report
Inspection report repairs
HouseCanary Agile Evaluation
Rent roll
Lease Agreement
Sales price history
Our A.I. does not have enough data for this property to make an accurate forecast of the future appreciation. Because of this, we are not projecting that this property will rapidly appreciate. The projected appreciation of 9.33% is determined by taking the average of HouseCanary's 3 year appreciation projection for the zip code.
Updates:
Update 9/24/2022: The tenant currently owes a balance of $1,125 for September's rent and a late fee. Based on the governance survey on how to handle tenant delinquencies, the winning vote for this property is to offer a payment plan. The Property Manager will work with the tenant on a payment plan. You will continue to receive daily rental income from the Vacancy Reserve. Once the tenant has paid their balance, the Vacancy Reserve will be replenished with these funds.
