2728 Edgewood DrRockfordIL61114
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 2728 Edgewood Dr, Rockford, IL, 61114 generates $1,423/mo in rent and, after a $979/mo payment, leaves $36/mo in cash flow. Total monthly income is $1,423/mo, and annual cash flow is $428/yr on $66,300 invested. Return on cash invested sits at 20.55% in year one, and rental yield is 8.54% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 107.31% and total cumulative return in cash sums $71,144. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,423/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61114, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,880 (100%) |
| Owner Occupied HU | 4,890 (71.1%) |
| Renter Occupied HU | 1,658 (24.1%) |
| Vacant Housing Units | 332 ( 4.8%) |
| Median Home Value | $241,400 |
| Average Home Value | $257,532 |
Housing Distribution
Address Breakdown
Residential
6,697
Single Family
5,949
Multi-Family
748
Businesses
263
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices