2211 Canal StRock FallsIL61071
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rock Falls at 2211 Canal St, Rock Falls, IL, 61071 priced at $124,900 pairs $1,082/mo rent with $169/mo cash flow after a $611/mo payment. Total monthly income equals $1,082/mo, and annual cash flow comes to $2,027/yr on $41,404 invested. Return on cash invested is 24.81% in year one, and rental yield stands at 10.4% on a $124,900 basis. Equity gained on principal adds $806/yr, and 5% annual appreciation accumulates to $34,508 by year five. Five-year ROI measures 130.59% and total cumulative return in cash reaches $54,070. For financing, Ziffy Mortgage’s DSCR program evaluates $1,082/mo property income against a $611/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61071, Rock Falls, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,387 (100%) |
| Owner Occupied HU | 4,150 (65.0%) |
| Renter Occupied HU | 1,619 (25.3%) |
| Vacant Housing Units | 618 ( 9.7%) |
| Median Home Value | $120,084 |
| Average Home Value | $151,421 |
Housing Distribution
Address Breakdown
Residential
5,899
Single Family
5,570
Multi-Family
329
Businesses
412
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JD Gieson • Re/Max Of Rock Valley
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502263
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.