1654 6th 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 1654 6th Ave, Rockford, IL, 61104 offers a 10.71% rental yield on a $179,900 purchase with $1,606/mo rent. Total monthly income registers $1,606/mo, and a $881/mo payment leaves $358/mo available for distribution. Annual cash flow reaches $4,292/yr on $59,637 to close, and return on cash invested stands at 27.11% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 142.44% and total cumulative return in cash at $84,945. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,606/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1921
N/A lot
$N/A/sqft
No HOA
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Listed by: Joshua Allen • Lpt Realty
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202404040
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