303 Forest AveRockfordIL61101
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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 303 Forest Ave, Rockford, IL, 61101 listed at $110,000 pairs $866/mo rent with a $538/mo payment to leave $103/mo cash flow. Total monthly income runs $866/mo, and annual cash flow reaches $1,241/yr on $36,465 cash to close. Return on cash invested measures 23.31% in year one, and rental yield registers 9.45% at a $110,000 basis. Equity gained on principal adds $710/yr, and annual property appreciation at 5% supports $30,391 by year five. Five-year ROI tracks 122.15% and total cumulative return in cash totals $44,544. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $866/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
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
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