3103 Gladstone 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 3103 Gladstone Ave, Rockford, IL, 61101 uses $45,747 cash to close to unlock $5,907/yr annual cash flow and $492/mo monthly cash flow. Total monthly income runs $1,449/mo, and a $675/mo payment keeps the spread at $492/mo. Purchase price stands at $138,000, and rental yield measures 12.6% with $1,449/mo rent. Return on cash invested shows 32.82% in year one, and 5% annual appreciation builds toward $38,127 over five years. Five-year ROI reaches 173.17% and total cumulative return in cash records $79,218. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,449/mo property income covering a $675/mo payment rather than investor’s personal income.
Single Family
Built in 1957
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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Listed by: Andrew Kordash • Berkshire Hathaway Homeservices Crosby Starck Re
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202503511
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.