2929 23rd 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 2929 23rd St, Rockford, IL, 61109 listed at $149,777 pairs $1,183/mo rent with a $733/mo payment to leave $144/mo cash flow. Total monthly income runs $1,183/mo, and annual cash flow reaches $1,730/yr on $49,651 cash to close. Return on cash invested measures 23.39% in year one, and rental yield registers 9.48% at a $149,777 basis. Equity gained on principal adds $966/yr, and annual property appreciation at 5% supports $41,381 by year five. Five-year ROI tracks 122.6% and total cumulative return in cash totals $60,872. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,183/mo property income relative to a $733/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1958
9,147 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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