1506 Yonge StRockfordIL61103
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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 1506 Yonge St, Rockford, IL, 61103 uses $50,686 cash to close to unlock $6,922/yr annual cash flow and $577/mo monthly cash flow. Total monthly income runs $1,637/mo, and a $748/mo payment keeps the spread at $577/mo. Purchase price stands at $152,900, and rental yield measures 12.85% with $1,637/mo rent. Return on cash invested shows 33.57% in year one, and 5% annual appreciation builds toward $42,243 over five years. Five-year ROI reaches 177.05% and total cumulative return in cash records $89,740. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,637/mo property income covering a $748/mo payment rather than investor’s personal income.
Single Family
Built in 1926
6,534 sqft 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
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Listed by: Felicia Esmond • Dickerson & Nieman
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202405716
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