407 N Avon StRockfordIL61101
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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 407 N Avon St, Rockford, IL, 61101 priced at $147,500 converts $1,314/mo rent into $291/mo cash flow after a $722/mo obligation. Total monthly income equals $1,314/mo, and annual cash flow totals $3,490/yr on $48,896 invested. Return on cash invested prints 27.05% in year one, and rental yield reads 10.69% against a $147,500 entry. Equity gained on principal adds $952/yr, while 5% annual appreciation compiles into $40,752 by year five. Five-year ROI reaches 142.12% and total cumulative return in cash sums $69,493. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,314/mo property income covering a $722/mo payment, not borrower’s personal income.
Single Family
Built in 1900
7,840 sqft 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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