2908 Troon CtRockfordIL61114
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
Total monthly income runs $2,401/mo, and a $1,678/mo payment. Purchase price stands at $342,850, and rental yield measures 8.4% with $2,401/mo rent. Return on cash invested shows 16.46% in year one, and 5% annual appreciation builds toward $94,723 over five years. Five-year ROI reaches 86.68% and total cumulative return in cash records $98,521. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,401/mo property income covering a $1,678/mo payment rather than investor’s personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
$350 monthly 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
Listed by: Barbara Carstens • Gambino Realtors
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502427
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.