2407 Overdene AveRockfordIL61103
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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
Rental property for sale in Rockford at 2407 Overdene Ave, Rockford, IL, 61103 priced at $127,000 converts $1,861/mo rent into $970/mo cash flow after a $622/mo obligation. Total monthly income equals $1,861/mo, and annual cash flow totals $11,637/yr on $42,101 invested. Return on cash invested prints 47.55% in year one, and rental yield reads 17.58% against a $127,000 entry. Equity gained on principal adds $820/yr, while 5% annual appreciation compiles into $35,088 by year five. Five-year ROI reaches 252.19% and total cumulative return in cash sums $106,173. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,861/mo property income covering a $622/mo payment, not borrower’s personal income.
Single Family
Built in 1956
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61103, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,046 (100%) |
| Owner Occupied HU | 5,025 (45.5%) |
| Renter Occupied HU | 4,904 (44.4%) |
| Vacant Housing Units | 1,117 (10.1%) |
| Median Home Value | $143,110 |
| Average Home Value | $176,481 |
Housing Distribution
Address Breakdown
Residential
10,229
Single Family
8,022
Multi-Family
2,207
Businesses
400
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Listed by: Toni Vander Heyden • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502193
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