501 Fairview AveRockfordIL61108
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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 501 Fairview Ave, Rockford, IL, 61108 offers $1,344/mo rent that, after a $1,072/mo payment. Total monthly income is $1,344/mo. Return on cash invested measures 17.01% in year one, and rental yield stands at 7.36% at a $219,000 entry. Equity gained on principal adds $1,413/yr while 5% annual appreciation compounds into $60,506 by year five. Five-year ROI records 88.3% and total cumulative return in cash reaches $64,101. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,344/mo property income versus a $1,072/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1958
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61108, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,778 (100%) |
| Owner Occupied HU | 8,046 (63.0%) |
| Renter Occupied HU | 3,978 (31.1%) |
| Vacant Housing Units | 754 ( 5.9%) |
| Median Home Value | $138,727 |
| Average Home Value | $161,685 |
Housing Distribution
Address Breakdown
Residential
12,217
Single Family
11,058
Multi-Family
1,159
Businesses
1,151
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