1307 Fairview AveRockfordIL61101
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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 1307 Fairview Ave, Rockford, IL, 61101 listed at $147,500 pairs $1,165/mo rent with a $722/mo payment to leave $142/mo cash flow. Total monthly income runs $1,165/mo, and annual cash flow reaches $1,702/yr on $48,896 cash to close. Return on cash invested measures 23.39% in year one, and rental yield registers 9.48% at a $147,500 basis. Equity gained on principal adds $952/yr, and annual property appreciation at 5% supports $40,752 by year five. Five-year ROI tracks 122.51% and total cumulative return in cash totals $59,905. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,165/mo property income relative to a $722/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61101, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,216 (100%) |
| Owner Occupied HU | 4,098 (44.5%) |
| Renter Occupied HU | 3,962 (43.0%) |
| Vacant Housing Units | 1,156 (12.5%) |
| Median Home Value | $139,259 |
| Average Home Value | $174,350 |
Housing Distribution
Address Breakdown
Residential
8,359
Single Family
7,351
Multi-Family
1,008
Businesses
575
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Listed by: Meagan Lazcano • Prevail Realty & Property Management
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202500221
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.