1424 Magnolia St,Rockford,IL,61104

Investment Highlights

Rental property for sale in Rockford at 1424 Magnolia St, Rockford, IL, 61104 generates $901/mo in rent and, after a $553/mo payment, leaves $117/mo in cash flow. Total monthly income is $901/mo, and annual cash flow is $1,407/yr on $37,460 invested. Return on cash invested sits at 23.67% in year one, and rental yield is 9.57% on a $113,000 entry. Equity gained on principal adds $729/yr, while 5% annual appreciation builds toward $31,220 over five years. Five-year ROI reaches 124.08% and total cumulative return in cash sums $46,481. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $901/mo property income rather than buyer’s personal income.