2929 Sunnyside Dr #205ARockfordIL61114
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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 Sunnyside Dr #205A, Rockford, IL, 61114 uses $34,808 cash to close to unlock $1,135/yr annual cash flow and $95/mo monthly cash flow. Total monthly income runs $823/mo, and a $514/mo payment keeps the spread at $95/mo. Purchase price stands at $105,000, and rental yield measures 9.41% with $823/mo rent. Return on cash invested shows 23.17% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 121.36% and total cumulative return in cash records $42,242. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $823/mo property income covering a $514/mo payment rather than investor’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
No 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
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