1823 Ridge 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
Investment property for sale in Rockford at 1823 Ridge Ave, Rockford, IL, 61103 earns $120/mo cash flow from $952/mo rent with a $587/mo payment. Total monthly income totals $952/mo, and annual cash flow totals $1,440/yr on $39,777 capital. ROI tracks 23.53% on current figures, and rental yield reads 9.52% at a $119,990 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,151 over five years. Five-year ROI reaches 123.34% and total cumulative return in cash sums $49,060. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $952/mo property income instead of your personal income.
Single Family
Built in 1935
4,791 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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Listed by: Jesse Dabson • Key Realty, Inc
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202501273
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.