3111 Highcrest RdRockfordIL61107
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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 3111 Highcrest Rd, Rockford, IL, 61107 listed at $201,500 pairs $2,522/mo rent with a $986/mo payment to leave $1,103/mo cash flow. Total monthly income runs $2,522/mo, and annual cash flow reaches $13,241/yr on $66,797 cash to close. Return on cash invested measures 39.73% in year one, and rental yield registers 15.02% at a $201,500 basis. Equity gained on principal adds $1,300/yr, and annual property appreciation at 5% supports $55,671 by year five. Five-year ROI tracks 210.29% and total cumulative return in cash totals $140,471. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,522/mo property income relative to a $986/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61107, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,409 (100%) |
| Owner Occupied HU | 8,901 (61.8%) |
| Renter Occupied HU | 4,531 (31.4%) |
| Vacant Housing Units | 977 ( 6.8%) |
| Median Home Value | $188,527 |
| Average Home Value | $224,860 |
Housing Distribution
Address Breakdown
Residential
13,703
Single Family
12,131
Multi-Family
1,572
Businesses
702
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Listed by: Ryan Sullivan • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502926
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.