1528 Myott AveRockfordIL61103
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 1528 Myott Ave, Rockford, IL, 61103 priced at $102,000 pairs $785/mo rent with after a $499/mo payment. Total monthly income equals $785/mo. Return on cash invested is 18.54% in year one, and rental yield stands at 9.24% on a $102,000 basis. Equity gained on principal adds $658/yr, and 5% annual appreciation accumulates to $28,181 by year five. Five-year ROI measures 98.04% and total cumulative return in cash reaches $33,152. For financing, Ziffy Mortgage’s DSCR program evaluates $785/mo property income against a $499/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1935
4,356 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elmo Dowd • Berkshire Hathaway Homeservices Crosby Starck Re
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202501202
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.