2514 Mandrake DrRockfordIL61108
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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 2514 Mandrake Dr, Rockford, IL, 61108 with 5% annual appreciation on a $249,934 basis while $2,914/mo rent supports operations. Total monthly income totals $2,914/mo and a $1,223/mo payment preserves $1,181/mo for cash returns. Annual cash flow comes to $14,169/yr on $82,853 deployed, and return on cash invested reaches 37.01% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,052 alongside rental yield of 13.99%. Five-year ROI measures 195.54% and total cumulative return in cash totals $162,013.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,914/mo property income versus a $1,223/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
0.43 Acres 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
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Listed by: Catherine Phillips • Berkshire Hathaway Homeservices Crosby Starck Re
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202405236
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.