2023 20th 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 2023 20th St, Rockford, IL, 61104 generates $2,280/mo in rent and, after a $954/mo payment, leaves $928/mo in cash flow. Total monthly income is $2,280/mo, and annual cash flow is $11,134/yr on $64,643 invested. Return on cash invested sits at 37.13% in year one, and rental yield is 14.03% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 196.18% and total cumulative return in cash sums $126,814. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,280/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
4.62 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Toni Vander Heyden • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202401992
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.