1301 8th StRockfordIL61104
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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
Investment property for sale in Rockford at 1301 8th St, Rockford, IL, 61104 offers a 13.13% rental yield on a $121,000 purchase with $1,324/mo rent. Total monthly income registers $1,324/mo, and a $592/mo payment leaves $485/mo available for distribution. Annual cash flow reaches $5,819/yr on $40,112 to close, and return on cash invested stands at 34.42% in year one. Equity gained on principal adds $781/yr while 5% annual appreciation supports $33,430 over five years. Portfolio math shows five-year ROI at 181.59% and total cumulative return in cash at $72,837. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,324/mo property income against a $592/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
N/A lot
$N/A/sqft
No HOA
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Listed by: Kristina Campbell • Key Realty, Inc
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202404832
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.