3623 S Main StRockfordIL61102
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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
Rental property for sale in Rockford at 3623 S Main St, Rockford, IL, 61102 offers $2,016/mo rent that, after a $562/mo payment, leaves $1,219/mo cash flow. Total monthly income is $2,016/mo, and annual cash flow is $14,633/yr on $38,089 cash. Return on cash invested measures 58.33% in year one, and rental yield stands at 21.05% at a $114,900 entry. Equity gained on principal adds $741/yr while 5% annual appreciation compounds into $31,745 by year five. Five-year ROI records 309.92% and total cumulative return in cash reaches $118,046. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,016/mo property income versus a $562/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
0.35 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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Listed by: Robin Henry • Keller Williams Realty Signature
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202403267
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.