2824 Bluffside DrRockfordIL61109
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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 2824 Bluffside Dr, Rockford, IL, 61109 generates $1,534/mo in rent and, after a $978/mo payment, leaves $148/mo in cash flow. Total monthly income is $1,534/mo, and annual cash flow is $1,774/yr on $66,267 invested. Return on cash invested sits at 22.59% in year one, and rental yield is 9.21% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 118.18% and total cumulative return in cash sums $78,313. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,534/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
192.81 Acres 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
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