3786-3788 Sage DrRockfordIL61114
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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 3786-3788 Sage Dr, Rockford, IL, 61114 generates $1,499/mo in rent, after a $1,919/mo payment. Total monthly income is $1,499/mo. Return on cash invested sits at 8.64% in year one, and rental yield is 4.59% on a $392,000 entry. Equity gained on principal adds $2,530/yr, while 5% annual appreciation builds toward $108,302 over five years. Five-year ROI reaches 43.39% and total cumulative return in cash sums $56,388. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,499/mo property income rather than buyer’s personal income.
Multi Family
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61114, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,880 (100%) |
| Owner Occupied HU | 4,890 (71.1%) |
| Renter Occupied HU | 1,658 (24.1%) |
| Vacant Housing Units | 332 ( 4.8%) |
| Median Home Value | $241,400 |
| Average Home Value | $257,532 |
Housing Distribution
Address Breakdown
Residential
6,697
Single Family
5,949
Multi-Family
748
Businesses
263
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