1631 8th AveRockfordIL61104
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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 1631 8th Ave, Rockford, IL, 61104 uses $51,349 cash to close to unlock $2,037/yr annual cash flow and $170/mo monthly cash flow. Total monthly income runs $1,244/mo, and a $758/mo payment keeps the spread at $170/mo. Purchase price stands at $154,900, and rental yield measures 9.64% with $1,244/mo rent. Return on cash invested shows 23.88% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 125.14% and total cumulative return in cash records $64,256. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,244/mo property income covering a $758/mo payment rather than investor’s personal income.
Multi Family
Built in 1915
N/A lot
$N/A/sqft
No HOA
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Listed by: Maureen McCarty • Emerald Realty Group Of Rockford, Pllc
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202500611
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