135 Summit StRockfordIL61107
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
Rental property for sale in Rockford at 135 Summit St, Rockford, IL, 61107 priced at $168,500 converts $1,295/mo rent into $126/mo cash flow after a $825/mo obligation. Total monthly income equals $1,295/mo, and annual cash flow totals $1,512/yr on $55,858 invested. Return on cash invested prints 22.62% in year one, and rental yield reads 9.22% against a $168,500 entry. Equity gained on principal adds $1,087/yr, while 5% annual appreciation compiles into $46,553 by year five. Five-year ROI reaches 118.32% and total cumulative return in cash sums $66,090. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,295/mo property income covering a $825/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61107, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,409 (100%) |
| Owner Occupied HU | 8,901 (61.8%) |
| Renter Occupied HU | 4,531 (31.4%) |
| Vacant Housing Units | 977 ( 6.8%) |
| Median Home Value | $188,527 |
| Average Home Value | $224,860 |
Housing Distribution
Address Breakdown
Residential
13,703
Single Family
12,131
Multi-Family
1,572
Businesses
702
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patrick Sullivan • Dickerson & Nieman
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202500118
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.