3015 Custer AveRockfordIL61101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3015 Custer Ave, Rockford, IL, 61101 uses $49,394 cash to close to unlock $3,033/yr annual cash flow and $253/mo monthly cash flow. Total monthly income runs $1,286/mo, and a $729/mo payment keeps the spread at $253/mo. Purchase price stands at $149,000, and rental yield measures 10.36% with $1,286/mo rent. Return on cash invested shows 26.05% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 136.79% and total cumulative return in cash records $67,564. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,286/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in 1943
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61101, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,216 (100%) |
| Owner Occupied HU | 4,098 (44.5%) |
| Renter Occupied HU | 3,962 (43.0%) |
| Vacant Housing Units | 1,156 (12.5%) |
| Median Home Value | $139,259 |
| Average Home Value | $174,350 |
Housing Distribution
Address Breakdown
Residential
8,359
Single Family
7,351
Multi-Family
1,008
Businesses
575
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices