203 N London AveRockfordIL61107
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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 203 N London Ave, Rockford, IL, 61107 priced at $176,000 converts $3,041/mo rent into $1,821/mo cash flow after a $861/mo obligation. Total monthly income equals $3,041/mo, and annual cash flow totals $21,848/yr on $58,344 invested. Return on cash invested prints 57.36% in year one, and rental yield reads 20.73% against a $176,000 entry. Equity gained on principal adds $1,136/yr, while 5% annual appreciation compiles into $48,626 by year five. Five-year ROI reaches 304.66% and total cumulative return in cash sums $177,753. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,041/mo property income covering a $861/mo payment, not borrower’s personal income.
Single Family
Built in 1904
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61107, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,409 (100%) |
| Owner Occupied HU | 8,901 (61.8%) |
| Renter Occupied HU | 4,531 (31.4%) |
| Vacant Housing Units | 977 ( 6.8%) |
| Median Home Value | $188,527 |
| Average Home Value | $224,860 |
Housing Distribution
Address Breakdown
Residential
13,703
Single Family
12,131
Multi-Family
1,572
Businesses
702
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Listed by: Chad Pierce • Gambino Realtors
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202404629
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.