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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Get DSCR Mortgage Rate Quote
$1,399,000
- bds- ba3837sqft
1324 Evelyn StRockfordIL61103
1.36%
Gross Yield
-1.12%
ROI
$1,586/m
Est. Rent
$0
Total Investment
$0
Down Payment
$0
Closing Costs
For Sale
Currently Rented
Rental Income
Section 8
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NMLS #2625701
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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
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Investment Highlights
Total monthly income runs $1,586/mo, and a $6,847/mo payment. Purchase price stands at $1,399,000, and rental yield measures 1.36% with $1,586/mo rent. Return on cash invested shows -1.12% in year one, and 5% annual appreciation builds toward $386,518 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,586/mo property income covering a $6,847/mo payment rather than investor’s personal income.
Multi Family
Built in 1925
N/A 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
Powered by
Ziffy Mortgage
NMLS #2625701
Get Pre-Approved