2414 Montana AveRockfordIL61108
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 2414 Montana Ave, Rockford, IL, 61108 priced at $158,000 converts $1,595/mo rent into $499/mo cash flow after a $773/mo obligation. Total monthly income equals $1,595/mo, and annual cash flow totals $5,993/yr on $52,377 invested. Return on cash invested prints 31.35% in year one, and rental yield reads 12.11% against a $158,000 entry. Equity gained on principal adds $1,020/yr, while 5% annual appreciation compiles into $43,652 by year five. Five-year ROI reaches 165.23% and total cumulative return in cash sums $86,542. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,595/mo property income covering a $773/mo payment, not borrower’s personal income.
Single Family
Built in 1958
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61108, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,778 (100%) |
| Owner Occupied HU | 8,046 (63.0%) |
| Renter Occupied HU | 3,978 (31.1%) |
| Vacant Housing Units | 754 ( 5.9%) |
| Median Home Value | $138,727 |
| Average Home Value | $161,685 |
Housing Distribution
Address Breakdown
Residential
12,217
Single Family
11,058
Multi-Family
1,159
Businesses
1,151
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debra Hauser • Best Realty
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202501856
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.