4235 Schmitt Ln #4235RockfordIL61101
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 4235 Schmitt Ln #4235, Rockford, IL, 61101 listed at $209,500 pairs $1,164/mo rent with a $1,025/mo payment. Total monthly income runs $1,164/mo. Return on cash invested measures -23.01% in year one, and rental yield registers 6.67% at a $209,500 basis. Equity gained on principal adds $1,352/yr, and annual property appreciation at 5% supports $57,881 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,164/mo property income relative to a $1,025/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2000
N/A lot
$N/A/sqft
$2,195 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kevin Horstman • Berkshire Hathaway HomeServices Crosby Starck Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12200191
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)