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703 23rd Ave
703 23rd Ave
Rock Island, Illinois 61201
About
Single-family home located in Rock Island, Illinois in the Quad Cities. Two-bedroom, one-bathroom ranch in a quiet neighborhood near schools, shopping, dining, and parks, featuring new carpet, fresh paint, white trim, a tile tub surround, an eat-in kitchen, and a finished lower-level rec room with a fireplace and bar area. The property includes a two-car detached garage and a large fenced-in backyard. The property is currently occupied on a 1-year lease from 01/31/2025 to 02/01/2026 at $895 per month plus a $50 pet fee, with a $1,145 security deposit. The tenant was previously on a month-to-month lease starting on 09/21/2020.
Property Management
M1 Homes LLC
Joshua D'Ariano, the owner of M1 Homes LLC, is a dynamic entrepreneur, real estate investor, and environmental advocate based in Tiffin, Ohio. He oversees a decamillion-dollar real estate portfolio and owns a diverse group of businesses both in the United States and abroad, including a popular café, a demolition company, a massage parlor, a mental health practice, and a ginseng farm. With a background in environmental policy, D'Ariano integrates sustainability into his ventures — tying profits to purpose. He is also the originator of the term and strategy swing trading real estate, a method he has been successfully applying since 2017. Through this innovative approach, he has consistently generated 60%+ average annual returns for himself and his investment fund. Among his many philanthropic efforts, D'Ariano has planted over 20,000 trees and purchased 200 acres of land in the Pantanal — the world's largest tropical wetland — which he donated to be converted into a national park. His work consistently supports causes like rainforest conservation and hunger relief, reflecting a values-driven, impact-focused approach to business.
Due Diligence Documents
About this offering
The Market
Rock Island, Illinois
Rock Island sits on the Mississippi River in the Quad Cities and is home to the Rock Island Arsenal, one of the largest employers in the region, as well as Augustana College. Historic neighborhoods, a riverfront downtown, and easy bridge access to Davenport and Moline add to its appeal. Low home prices and stable employment support steady rental demand.
Property Updates
The property had storm damage on Jun 11th from a tree branch falling off a tree and knocking down old telephone/internet lines, breaking the pane on two windows, and stripping one panel of siding off the house.
Tenant also reported the kitchen sink leaking the same day.
PM visited the property on the 18th to assess the situation.
The siding could be nailed back onto the house as it wasn't damaged, just pulled out with the telephone line. AT&T removed the old lines since they were not in use.
The window panes might be able to be replaced but the windows in the house are extremely old. The tenant has boarded up the broken panes with cardboard in the meantime. Tenant mentioned that most of the windows in the house were nailed shut by previous PM during its vacancy prior to moving in and never unnailed the windows when they moved in and were afraid of damaging the windows by doing it themselves.
The sink faucet had a crack in the pipe causing the leak and needed replaced. The pipe connecting the sink basin drains together wasn't cuppled together and instead was "sealed" with plumbers putty so that was also leaking.
Replaced the faucet and cuppled the drain properly.
Work total came out to $141.37, which was taken out of the OR.
On July 2nd, the tenant reported that the tree in the yard that lost a branch during the storm in June dropped another large branch in the backyard last night that ripped out the power line. MidAmerican Energy is working on restoring power and replacing the pole today.
There wasn't a storm last night, so the branch simply fell off. Tenant reported that the tree has a few branches that look either dead or potentially coming off as well. Will be contacting Arbor Pros to come and check out the tree to see if maybe we could remove any at risk branches or if it's more likely we need to remove the tree to prevent more branches hitting the property.
Will relay advice from the contractor when I get them over. If owners want to consider possible window updates rather than just replacing broken glass as is, feel free to reach out to M1 Homes or contact us in the Discord.
Photos of the storm damage and plumbing leaks in the dropbox
Investor Reviews
Frequently Asked Questions
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Share price
703 23rd Ave
Rock Island, Illinois 61201
About
Single-family home located in Rock Island, Illinois in the Quad Cities. Two-bedroom, one-bathroom ranch in a quiet neighborhood near schools, shopping, dining, and parks, featuring new carpet, fresh paint, white trim, a tile tub surround, an eat-in kitchen, and a finished lower-level rec room with a fireplace and bar area. The property includes a two-car detached garage and a large fenced-in backyard. The property is currently occupied on a 1-year lease from 01/31/2025 to 02/01/2026 at $895 per month plus a $50 pet fee, with a $1,145 security deposit. The tenant was previously on a month-to-month lease starting on 09/21/2020.
Property Management
M1 Homes LLC
Joshua D'Ariano, the owner of M1 Homes LLC, is a dynamic entrepreneur, real estate investor, and environmental advocate based in Tiffin, Ohio. He oversees a decamillion-dollar real estate portfolio and owns a diverse group of businesses both in the United States and abroad, including a popular café, a demolition company, a massage parlor, a mental health practice, and a ginseng farm. With a background in environmental policy, D'Ariano integrates sustainability into his ventures — tying profits to purpose. He is also the originator of the term and strategy swing trading real estate, a method he has been successfully applying since 2017. Through this innovative approach, he has consistently generated 60%+ average annual returns for himself and his investment fund. Among his many philanthropic efforts, D'Ariano has planted over 20,000 trees and purchased 200 acres of land in the Pantanal — the world's largest tropical wetland — which he donated to be converted into a national park. His work consistently supports causes like rainforest conservation and hunger relief, reflecting a values-driven, impact-focused approach to business.
Due Diligence Documents
Offering Details
The Market
Rock Island, Illinois
Rock Island sits on the Mississippi River in the Quad Cities and is home to the Rock Island Arsenal, one of the largest employers in the region, as well as Augustana College. Historic neighborhoods, a riverfront downtown, and easy bridge access to Davenport and Moline add to its appeal. Low home prices and stable employment support steady rental demand.
Property Updates
The property had storm damage on Jun 11th from a tree branch falling off a tree and knocking down old telephone/internet lines, breaking the pane on two windows, and stripping one panel of siding off the house.
Tenant also reported the kitchen sink leaking the same day.
PM visited the property on the 18th to assess the situation.
The siding could be nailed back onto the house as it wasn't damaged, just pulled out with the telephone line. AT&T removed the old lines since they were not in use.
The window panes might be able to be replaced but the windows in the house are extremely old. The tenant has boarded up the broken panes with cardboard in the meantime. Tenant mentioned that most of the windows in the house were nailed shut by previous PM during its vacancy prior to moving in and never unnailed the windows when they moved in and were afraid of damaging the windows by doing it themselves.
The sink faucet had a crack in the pipe causing the leak and needed replaced. The pipe connecting the sink basin drains together wasn't cuppled together and instead was "sealed" with plumbers putty so that was also leaking.
Replaced the faucet and cuppled the drain properly.
Work total came out to $141.37, which was taken out of the OR.
On July 2nd, the tenant reported that the tree in the yard that lost a branch during the storm in June dropped another large branch in the backyard last night that ripped out the power line. MidAmerican Energy is working on restoring power and replacing the pole today.
There wasn't a storm last night, so the branch simply fell off. Tenant reported that the tree has a few branches that look either dead or potentially coming off as well. Will be contacting Arbor Pros to come and check out the tree to see if maybe we could remove any at risk branches or if it's more likely we need to remove the tree to prevent more branches hitting the property.
Will relay advice from the contractor when I get them over. If owners want to consider possible window updates rather than just replacing broken glass as is, feel free to reach out to M1 Homes or contact us in the Discord.
Photos of the storm damage and plumbing leaks in the dropbox
Investor Reviews
Frequently Asked Questions
Need Help?
Have other questions? Learn how Lofty works
Projected Returns
Investing with Lofty can generate returns in two ways:
1) Annual cash flow from rental income.
2) Annual appreciation from long-term property value changes.
Monthly Cash Flow
$950.00
Monthly Rent
$512.10
Monthly Expenses
$437.90
Net Monthly Cash Flow
Annual Appreciation
Based on the Zillow Value Home Index (ZHVI) Single Family Homes Time Series, single family homes appreciated an average of 11% per year over the last 20 years (March 31, 2003 - March 31, 2023).
This figure reflects a national benchmark for single family homes in the 35th to 65th home-price percentile range and may not represent this specific property's zip code. Real-world returns can also vary based on investment costs, hold period, and leverage.
Use the returns calculator below to explore how different assumptions can impact your hypothetical investment outcome.
Projected Returns Calculator
Adjust the assumptions below to model how this property could grow over 7 years.
Annualized Return
+11.6%
per year over 7 years
7-Year Projection
$2,161
+$1,161 vs. initial $1,000
This calculator is for illustrative purposes only and displays a range of hypothetical investment outcomes based on the inputs you provide. Actual investment outcomes depend on many factors and cannot be determined before the investment period ends. Historical performance is not indicative of future results.
The calculations assume a 7-year hold period and an average annual net operating income increase of 3%. The 10- and 20-year averages are based on data from the ZHVI Single Family Homes Time Series and reflect averages for single-family homes in the 35th to 65th percentile by home price.