1403 Franklin StRock FallsIL61071
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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
Rental property for sale in Rock Falls at 1403 Franklin St, Rock Falls, IL, 61071 generates $1,351/mo in rent and, after a $734/mo payment, leaves $311/mo in cash flow. Total monthly income is $1,351/mo, and annual cash flow is $3,731/yr on $49,692 invested. Return on cash invested sits at 27.42% in year one, and rental yield is 10.82% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 144.07% and total cumulative return in cash sums $71,591. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,351/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61071, Rock Falls, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,387 (100%) |
| Owner Occupied HU | 4,150 (65.0%) |
| Renter Occupied HU | 1,619 (25.3%) |
| Vacant Housing Units | 618 ( 9.7%) |
| Median Home Value | $120,084 |
| Average Home Value | $151,421 |
Housing Distribution
Address Breakdown
Residential
5,899
Single Family
5,570
Multi-Family
329
Businesses
412
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Listed by: JD Gieson • Re/Max Of Rock Valley
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202504902
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.