2620 Knight AveRockfordIL61101
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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
Rental property for sale in Rockford at 2620 Knight Ave, Rockford, IL, 61101 priced at $107,900 pairs $1,571/mo rent with $823/mo cash flow after a $528/mo payment. Total monthly income equals $1,571/mo, and annual cash flow comes to $9,872/yr on $35,769 invested. Return on cash invested is 47.51% in year one, and rental yield stands at 17.47% on a $107,900 basis. Equity gained on principal adds $696/yr, and 5% annual appreciation accumulates to $29,811 by year five. Five-year ROI measures 251.88% and total cumulative return in cash reaches $90,096. For financing, Ziffy Mortgage’s DSCR program evaluates $1,571/mo property income against a $528/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1934
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61101, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,216 (100%) |
| Owner Occupied HU | 4,098 (44.5%) |
| Renter Occupied HU | 3,962 (43.0%) |
| Vacant Housing Units | 1,156 (12.5%) |
| Median Home Value | $139,259 |
| Average Home Value | $174,350 |
Housing Distribution
Address Breakdown
Residential
8,359
Single Family
7,351
Multi-Family
1,008
Businesses
575
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Listed by: Sherry Ackerman • Exit Realty Redefined Maurer Group
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202406422
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.