1103 Griggs RdRockfordIL61108
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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
Investment Highlights
Rental property for sale in Rockford at 1103 Griggs Rd, Rockford, IL, 61108 generates $3,325/mo in rent and, after a $1,595/mo payment, leaves $1,065/mo in cash flow. Total monthly income is $3,325/mo, and annual cash flow is $12,775/yr on $108,036 invested. Return on cash invested sits at 31.73% in year one, and rental yield is 12.24% on a $325,900 entry. Equity gained on principal adds $2,103/yr, while 5% annual appreciation builds toward $90,040 over five years. Five-year ROI reaches 167.24% and total cumulative return in cash sums $180,679. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,325/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61108, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,778 (100%) |
| Owner Occupied HU | 8,046 (63.0%) |
| Renter Occupied HU | 3,978 (31.1%) |
| Vacant Housing Units | 754 ( 5.9%) |
| Median Home Value | $138,727 |
| Average Home Value | $161,685 |
Housing Distribution
Address Breakdown
Residential
12,217
Single Family
11,058
Multi-Family
1,159
Businesses
1,151
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