1424 Lundvall AveRockfordIL61107
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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 1424 Lundvall Ave, Rockford, IL, 61107 earns $703/mo cash flow from $2,159/mo rent with a $1,027/mo payment. Total monthly income totals $2,159/mo, and annual cash flow totals $8,441/yr on $69,582 capital. ROI tracks 32.04% on current figures, and rental yield reads 12.34% at a $209,900 purchase. Equity gained on principal adds $1,354/yr, and 5% annual appreciation supports $57,992 over five years. Five-year ROI reaches 168.94% and total cumulative return in cash sums $117,548. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,159/mo property income instead of your personal income.
Single Family
Built in 1954
10,018 sqft 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
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