3603 Cadillac CtRockfordIL61101
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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 3603 Cadillac Ct, Rockford, IL, 61101 uses $72,897 cash to close to unlock $6,084/yr annual cash flow and $507/mo monthly cash flow. Total monthly income runs $2,032/mo, and a $1,076/mo payment keeps the spread at $507/mo. Purchase price stands at $219,900, and rental yield measures 11.09% with $2,032/mo rent. Return on cash invested shows 28.26% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 148.65% and total cumulative return in cash records $108,364. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,032/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.27 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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Listed by: Toni Vander Heyden • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202405653
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