1320 Parmele StRockfordIL61104
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 1320 Parmele St, Rockford, IL, 61104 earns $534/mo cash flow from $1,571/mo rent with a $732/mo payment. Total monthly income totals $1,571/mo, and annual cash flow totals $6,405/yr on $49,559 capital. ROI tracks 32.83% on current figures, and rental yield reads 12.61% at a $149,500 purchase. Equity gained on principal adds $965/yr, and 5% annual appreciation supports $41,304 over five years. Five-year ROI reaches 173.16% and total cumulative return in cash sums $85,817. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,571/mo property income instead of your personal income.
Multi Family
Built in 1910
6,969 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katherine Vences • RE/MAX MI CASA
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12457293
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)