350 Joyce AveRockfordIL61107
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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 350 Joyce Ave, Rockford, IL, 61107 at $220,000 posts ROI 29.56% with $587/mo cash flow from $2,113/mo rent. Total monthly income equals $2,113/mo, and annual cash flow records $7,042/yr on $72,930 to close. Return on cash invested measures 29.56% and rental yield reads 11.53% at the current $220,000. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 by year five. Five-year ROI prints 155.61% and total cumulative return in cash totals $113,483.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,113/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1998
7,840 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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