1612 16th StRockfordIL61104
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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 Rockford at 1612 16th St, Rockford, IL, 61104 generates $1,331/mo in rent and, after a $636/mo payment, leaves $430/mo in cash flow. Total monthly income is $1,331/mo, and annual cash flow is $5,155/yr on $43,095 invested. Return on cash invested sits at 31.87% in year one, and rental yield is 12.29% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 168.03% and total cumulative return in cash sums $72,411. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,331/mo property income rather than buyer’s personal income.
Multi Family
Built in 1949
N/A lot
$N/A/sqft
No HOA
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Listed by: Kelli Wensky • Dickerson & Nieman
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502049
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