2433 River Oaks Ln UNIT 6RockfordIL61102
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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 2433 River Oaks Ln UNIT 6, Rockford, IL, 61102 uses $74,554 cash to close to unlock $394/yr annual cash flow and $33/mo monthly cash flow. Total monthly income runs $1,803/mo, and a $1,101/mo payment keeps the spread at $33/mo. Purchase price stands at $224,900, and rental yield measures 9.62% with $1,803/mo rent. Return on cash invested shows 20.44% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 107.87% and total cumulative return in cash records $80,425. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,803/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Townhouse
Built in 2007
N/A lot
$N/A/sqft
$210 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61102, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,973 (100%) |
| Owner Occupied HU | 3,994 (57.3%) |
| Renter Occupied HU | 2,158 (30.9%) |
| Vacant Housing Units | 821 (11.8%) |
| Median Home Value | $125,702 |
| Average Home Value | $147,453 |
Housing Distribution
Address Breakdown
Residential
6,331
Single Family
6,321
Multi-Family
10
Businesses
288
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Listed by: Viridiana Moreno • Realty Of America, Llc
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202503907
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.