2920 16th StRockfordIL61109
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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 2920 16th St, Rockford, IL, 61109 uses $64,643 cash to close to unlock $7,822/yr annual cash flow and $652/mo monthly cash flow. Total monthly income runs $2,004/mo, and a $954/mo payment keeps the spread at $652/mo. Purchase price stands at $195,000, and rental yield measures 12.33% with $2,004/mo rent. Return on cash invested shows 32.01% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 168.72% and total cumulative return in cash records $109,066. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,004/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1999
6,969 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
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Listed by: Jeffrey Brito • Gambino Realtors
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202503000
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.