2220 15th Ave,Rockford,IL,61104

Investment Highlights

Investment property for sale in Rockford at 2220 15th Ave, Rockford, IL, 61104 listed at $190,000 pairs $1,451/mo rent with a $930/mo payment to leave $133/mo cash flow. Total monthly income runs $1,451/mo, and annual cash flow reaches $1,597/yr on $62,985 cash to close. Return on cash invested measures 22.44% in year one, and rental yield registers 9.16% at a $190,000 basis. Equity gained on principal adds $1,226/yr, and annual property appreciation at 5% supports $52,494 by year five. Five-year ROI tracks 117.5% and total cumulative return in cash totals $74,004. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,451/mo property income relative to a $930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).