3108 Rice 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 3108 Rice Ave, Rockford, IL, 61101 uses $33,979 cash to close to unlock $909/yr annual cash flow and $76/mo monthly cash flow. Total monthly income runs $787/mo, and a $502/mo payment keeps the spread at $76/mo. Purchase price stands at $102,500, and rental yield measures 9.21% with $787/mo rent. Return on cash invested shows 22.58% in year one, and 5% annual appreciation builds toward $28,319 over five years. Five-year ROI reaches 118.23% and total cumulative return in cash records $40,173. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $787/mo property income covering a $502/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.49 Acres 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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