2411 Overdene AveRockfordIL61103
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 2411 Overdene Ave, Rockford, IL, 61103 priced at $165,000 pairs $1,898/mo rent with $753/mo cash flow after a $808/mo payment. Total monthly income equals $1,898/mo, and annual cash flow comes to $9,037/yr on $54,698 invested. Return on cash invested is 36.43% in year one, and rental yield stands at 13.8% on a $165,000 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,586 by year five. Five-year ROI measures 192.49% and total cumulative return in cash reaches $105,287. For financing, Ziffy Mortgage’s DSCR program evaluates $1,898/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Imelda Campuzano Barajas • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202405362
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.