3048 Latham StRockfordIL61103
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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
Rental property for sale in Rockford at 3048 Latham St, Rockford, IL, 61103 priced at $100,000 converts $756/mo rent into $63/mo cash flow after a $489/mo obligation. Total monthly income equals $756/mo, and annual cash flow totals $754/yr on $33,150 invested. Return on cash invested prints 22.18% in year one, and rental yield reads 9.07% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 116.03% and total cumulative return in cash sums $38,464. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $756/mo property income covering a $489/mo payment, not borrower’s personal income.
Single Family
Built in 1955
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61103, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,046 (100%) |
| Owner Occupied HU | 5,025 (45.5%) |
| Renter Occupied HU | 4,904 (44.4%) |
| Vacant Housing Units | 1,117 (10.1%) |
| Median Home Value | $143,110 |
| Average Home Value | $176,481 |
Housing Distribution
Address Breakdown
Residential
10,229
Single Family
8,022
Multi-Family
2,207
Businesses
400
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Listed by: Heather Weiss • Emerald Realty Group Of Rockford, Pllc
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202501134
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