404 S Chicago AveRockfordIL61104
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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 404 S Chicago Ave, Rockford, IL, 61104 offers $1,984/mo rent that, after a $807/mo payment, leaves $840/mo cash flow. Total monthly income is $1,984/mo, and annual cash flow is $10,084/yr on $54,664 cash. Return on cash invested measures 38.36% in year one, and rental yield stands at 14.44% at a $164,900 entry. Equity gained on principal adds $1,064/yr while 5% annual appreciation compounds into $45,559 by year five. Five-year ROI records 202.8% and total cumulative return in cash reaches $110,860. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,984/mo property income versus a $807/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
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Listed by: Maureen McCarty • Emerald Realty Group Of Rockford, Pllc
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202504108
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