1619 Charles 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 1619 Charles St, Rockford, IL, 61104 generates $1,196/mo in rent, after a $1,077/mo payment. Total monthly income is $1,196/mo. Return on cash invested sits at 14.48% in year one, and rental yield is 6.52% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 74.68% and total cumulative return in cash sums $54,467. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,196/mo property income rather than buyer’s personal income.
Multi Family
Built in 1910
N/A lot
$N/A/sqft
No HOA
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Listed by: Jeffrey Robertson • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202504523
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