306 E 9th StRock FallsIL61071
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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 Rock Falls at 306 E 9th St, Rock Falls, IL, 61071 uses $49,692 cash to close to unlock $3,227/yr annual cash flow and $269/mo monthly cash flow. Total monthly income runs $1,309/mo, and a $734/mo payment keeps the spread at $269/mo. Purchase price stands at $149,900, and rental yield measures 10.48% with $1,309/mo rent. Return on cash invested shows 26.4% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 138.64% and total cumulative return in cash records $68,891. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,309/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in N/A
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61071, Rock Falls, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,387 (100%) |
| Owner Occupied HU | 4,150 (65.0%) |
| Renter Occupied HU | 1,619 (25.3%) |
| Vacant Housing Units | 618 ( 9.7%) |
| Median Home Value | $120,084 |
| Average Home Value | $151,421 |
Housing Distribution
Address Breakdown
Residential
5,899
Single Family
5,570
Multi-Family
329
Businesses
412
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Listed by: JD Gieson • Re/Max Of Rock Valley
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202504407