307 S 3rd StRockfordIL61104
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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 307 S 3rd St, Rockford, IL, 61104 earns $1,689/mo cash flow from $3,019/mo rent with a $930/mo payment. Total monthly income totals $3,019/mo, and annual cash flow totals $20,272/yr on $62,985 capital. ROI tracks 52.09% on current figures, and rental yield reads 19.07% at a $190,000 purchase. Equity gained on principal adds $1,226/yr, and 5% annual appreciation supports $52,494 over five years. Five-year ROI reaches 276.54% and total cumulative return in cash sums $174,180. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,019/mo property income instead of your personal income.
Single Family
Built in 1900
0.25 Acres lot
$N/A/sqft
No HOA
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Listed by: Trina Gabriel • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202405829
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.