2923 Panorama 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
Investment property for sale in Rockford at 2923 Panorama Dr, Rockford, IL, 61109 uses $77,869 cash to close to unlock $6,845/yr annual cash flow and $570/mo monthly cash flow. Total monthly income runs $2,200/mo, and a $1,150/mo payment keeps the spread at $570/mo. Purchase price stands at $234,900, and rental yield measures 11.24% with $2,200/mo rent. Return on cash invested shows 28.7% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 151% and total cumulative return in cash records $117,585. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,200/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.35 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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