227 Spring Brook RdRockfordIL61114
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 Rockford at 227 Spring Brook Rd, Rockford, IL, 61114 priced at $649,000 pairs $5,383/mo rent with $881/mo cash flow after a $3,177/mo payment. Total monthly income equals $5,383/mo, and annual cash flow comes to $10,571/yr on $213,521 invested. Return on cash invested is 25.01% in year one, and rental yield stands at 9.95% on a $649,000 basis. Equity gained on principal adds $4,188/yr, and 5% annual appreciation accumulates to $179,307 by year five. Five-year ROI measures 131.14% and total cumulative return in cash reaches $280,020. For financing, Ziffy Mortgage’s DSCR program evaluates $5,383/mo property income against a $3,177/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61114, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,880 (100%) |
| Owner Occupied HU | 4,890 (71.1%) |
| Renter Occupied HU | 1,658 (24.1%) |
| Vacant Housing Units | 332 ( 4.8%) |
| Median Home Value | $241,400 |
| Average Home Value | $257,532 |
Housing Distribution
Address Breakdown
Residential
6,697
Single Family
5,949
Multi-Family
748
Businesses
263
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