502 7th StRockfordIL61104
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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
Investment property for sale in Rockford at 502 7th St, Rockford, IL, 61104 earns from $1,432/mo rent with a $795/mo payment. Total monthly income totals $1,432/mo. ROI tracks 17.8% on current figures, and rental yield reads 10.57% at a $162,500 purchase. Equity gained on principal adds $1,049/yr, and 5% annual appreciation supports $44,896 over five years. Five-year ROI reaches 95.8% and total cumulative return in cash sums $51,606. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,432/mo property income instead of your personal income.
Condo
Built in 1900
N/A lot
$N/A/sqft
$400 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Julie Holen • Dickerson & Nieman
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202504291
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