2715 Colorado AveRockfordIL61109
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 2715 Colorado Ave, Rockford, IL, 61109 generates $1,677/mo in rent and, after a $883/mo payment, leaves $425/mo in cash flow. Total monthly income is $1,677/mo, and annual cash flow is $5,106/yr on $59,836 invested. Return on cash invested sits at 28.44% in year one, and rental yield is 11.15% on a $180,500 entry. Equity gained on principal adds $1,165/yr, while 5% annual appreciation builds toward $49,869 over five years. Five-year ROI reaches 149.6% and total cumulative return in cash sums $89,514. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,677/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61109, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,927 (100%) |
| Owner Occupied HU | 6,842 (57.4%) |
| Renter Occupied HU | 4,212 (35.3%) |
| Vacant Housing Units | 873 ( 7.3%) |
| Median Home Value | $155,206 |
| Average Home Value | $169,665 |
Housing Distribution
Address Breakdown
Residential
11,395
Single Family
9,254
Multi-Family
2,141
Businesses
788
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices