2339 16th AveRockfordIL61104
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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 2339 16th Ave, Rockford, IL, 61104 offers a 12.09% rental yield on a $135,800 purchase with $1,368/mo rent. Total monthly income registers $1,368/mo, and a $665/mo payment leaves $426/mo available for distribution. Annual cash flow reaches $5,109/yr on $45,018 to close, and return on cash invested stands at 31.26% in year one. Equity gained on principal adds $876/yr while 5% annual appreciation supports $37,519 over five years. Portfolio math shows five-year ROI at 164.71% and total cumulative return in cash at $74,148. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,368/mo property income against a $665/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
6,098 sqft lot
$N/A/sqft
No HOA
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Listed by: Allison Hawkins • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202505443
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