1022 15th StRockfordIL61104
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 1022 15th St, Rockford, IL, 61104 in Rockford achieves a 1.52 ratio at $175,000: $1,194/mo rent versus $787/mo debt service. Rental yield 8.19%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8.19% yield compounds alongside 5% annual appreciation projecting $48,349 in value. Total projected cumulative return: $65,661.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 9.2% |
| Monthly Cash Flow | $(20) | $450 |
City averages based on Rockford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,194 |
| Total Monthly Debt Service | $1,144 |
| DSCR Ratio | 1.04x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1923
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Multi Family
Built in 1923
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices