1128 Grant AveRockfordIL61103
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
Investment Highlights
Investment property for sale in Rockford at 1128 Grant Ave, Rockford, IL, 61103 uses $59,670 cash to close to unlock $7,062/yr annual cash flow and $589/mo monthly cash flow. Total monthly income runs $1,837/mo, and a $881/mo payment keeps the spread at $589/mo. Purchase price stands at $180,000, and rental yield measures 12.25% with $1,837/mo rent. Return on cash invested shows 31.74% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 167.33% and total cumulative return in cash records $99,845. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,837/mo property income covering a $881/mo payment rather than investor’s personal income.
Multi Family
Built in 1910
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61103, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,046 (100%) |
| Owner Occupied HU | 5,025 (45.5%) |
| Renter Occupied HU | 4,904 (44.4%) |
| Vacant Housing Units | 1,117 (10.1%) |
| Median Home Value | $143,110 |
| Average Home Value | $176,481 |
Housing Distribution
Address Breakdown
Residential
10,229
Single Family
8,022
Multi-Family
2,207
Businesses
400
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices