3301 Parkside 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 3301 Parkside Ave, Rockford, IL, 61101 with 5% annual appreciation on a $132,800 basis while $1,740/mo rent supports operations. Total monthly income totals $1,740/mo and a $650/mo payment preserves $819/mo for cash returns. Annual cash flow comes to $9,826/yr on $44,023 deployed, and return on cash invested reaches 42.23% in year one. Equity gained on principal adds $857/yr, and five-year appreciation sums $36,690 alongside rental yield of 15.72%. Five-year ROI measures 223.53% and total cumulative return in cash totals $98,406.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,740/mo property income versus a $650/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
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: Jesus Perez • Casablanca
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12177471
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)