22 2nd St NWRockfordIA50468
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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 22 2nd St NW, Rockford, IA, 50468 with 5% annual appreciation on a $115,000 basis while $780/mo rent supports operations. Total monthly income totals $780/mo and a $563/mo payment preserves $33/mo for cash returns. Annual cash flow comes to $396/yr on $38,123 deployed, and return on cash invested reaches 20.95% in year one. Equity gained on principal adds $742/yr, and five-year appreciation sums $31,772 alongside rental yield of 8.14%. Five-year ROI measures 108.81% and total cumulative return in cash totals $41,481.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $780/mo property income versus a $563/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
10,280 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50468, Rockford, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 687 (100%) |
| Owner Occupied HU | 481 (70.0%) |
| Renter Occupied HU | 128 (18.6%) |
| Vacant Housing Units | 78 (11.4%) |
| Median Home Value | $160,417 |
| Average Home Value | $210,296 |
Housing Distribution
Address Breakdown
Residential
590
Single Family
590
Multi-Family
0
Businesses
40
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Listed by: Andrea Lee • Realty ONE Group Black Diamond
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6321020
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.