2417 Crosby StRockfordIL61107
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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 2417 Crosby St, Rockford, IL, 61107 uses $56,355 cash to close to unlock $5,039/yr annual cash flow and $420/mo monthly cash flow. Total monthly income runs $1,599/mo, and a $832/mo payment keeps the spread at $420/mo. Purchase price stands at $170,000, and rental yield measures 11.29% with $1,599/mo rent. Return on cash invested shows 28.85% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 151.78% and total cumulative return in cash records $85,533. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,599/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1930
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61107, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,409 (100%) |
| Owner Occupied HU | 8,901 (61.8%) |
| Renter Occupied HU | 4,531 (31.4%) |
| Vacant Housing Units | 977 ( 6.8%) |
| Median Home Value | $188,527 |
| Average Home Value | $224,860 |
Housing Distribution
Address Breakdown
Residential
13,703
Single Family
12,131
Multi-Family
1,572
Businesses
702
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Listed by: Zile Huma • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202503234
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.