3619 Chippewa AveRockfordIL61102
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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 3619 Chippewa Ave, Rockford, IL, 61102 uses $56,322 cash to close to unlock $1,981/yr annual cash flow and $165/mo monthly cash flow. Total monthly income runs $1,344/mo, and a $832/mo payment keeps the spread at $165/mo. Purchase price stands at $169,900, and rental yield measures 9.49% with $1,344/mo rent. Return on cash invested shows 23.43% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 122.77% and total cumulative return in cash records $69,146. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,344/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1938
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61102, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,973 (100%) |
| Owner Occupied HU | 3,994 (57.3%) |
| Renter Occupied HU | 2,158 (30.9%) |
| Vacant Housing Units | 821 (11.8%) |
| Median Home Value | $125,702 |
| Average Home Value | $147,453 |
Housing Distribution
Address Breakdown
Residential
6,331
Single Family
6,321
Multi-Family
10
Businesses
288
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