4215 Oaklane RdRockfordIL61109
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 4215 Oaklane Rd, Rockford, IL, 61109 listed at $228,900 pairs $1,687/mo rent with a $1,120/mo payment to leave $100/mo cash flow. Total monthly income runs $1,687/mo, and annual cash flow reaches $1,196/yr on $75,880 cash to close. Return on cash invested measures 21.49% in year one, and rental yield registers 8.84% at a $228,900 basis. Equity gained on principal adds $1,477/yr, and annual property appreciation at 5% supports $63,241 by year five. Five-year ROI tracks 112.28% and total cumulative return in cash totals $85,197. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,687/mo property income relative to a $1,120/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61109, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,927 (100%) |
| Owner Occupied HU | 6,842 (57.4%) |
| Renter Occupied HU | 4,212 (35.3%) |
| Vacant Housing Units | 873 ( 7.3%) |
| Median Home Value | $155,206 |
| Average Home Value | $169,665 |
Housing Distribution
Address Breakdown
Residential
11,395
Single Family
9,254
Multi-Family
2,141
Businesses
788
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices