2911 Preston StRockfordIL61102
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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
Investment property for sale in Rockford at 2911 Preston St, Rockford, IL, 61102 listed at $110,000 pairs $1,650/mo rent with a $538/mo payment to leave $887/mo cash flow. Total monthly income runs $1,650/mo, and annual cash flow reaches $10,649/yr on $36,465 cash to close. Return on cash invested measures 49.11% in year one, and rental yield registers 18% at a $110,000 basis. Equity gained on principal adds $710/yr, and annual property appreciation at 5% supports $30,391 by year five. Five-year ROI tracks 260.5% and total cumulative return in cash totals $94,992. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,650/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61102, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,973 (100%) |
| Owner Occupied HU | 3,994 (57.3%) |
| Renter Occupied HU | 2,158 (30.9%) |
| Vacant Housing Units | 821 (11.8%) |
| Median Home Value | $125,702 |
| Average Home Value | $147,453 |
Housing Distribution
Address Breakdown
Residential
6,331
Single Family
6,321
Multi-Family
10
Businesses
288
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