2223 13th AveRockfordIL61104
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 2223 13th Ave, Rockford, IL, 61104 in Rockford worth modelling. At $145,000 with a 9.65% gross yield, the $1,166/mo rent leaves $160/mo after the $652/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.79 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $40,061 by year five; $1,335/yr in principal reduction adds further equity. Total projected return: $65,770.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 9.2% |
| Monthly Cash Flow | $160 | $450 |
City averages based on Rockford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,166 |
| Total Monthly Debt Service | $948 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1935
6,969 sqft lot
$N/A/sqft
No HOA
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
Single Family
Built in 1935
6,969 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices