1620 Pierce AveRockfordIL61103
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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 1620 Pierce Ave, Rockford, IL, 61103 generates $1,325/mo in rent and, after a $575/mo payment, leaves $510/mo in cash flow. Total monthly income is $1,325/mo, and annual cash flow is $6,121/yr on $38,951 invested. Return on cash invested sits at 35.62% in year one, and rental yield is 13.53% on a $117,500 entry. Equity gained on principal adds $758/yr, while 5% annual appreciation builds toward $32,463 over five years. Five-year ROI reaches 188.18% and total cumulative return in cash sums $73,298. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,325/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
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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