503 Vincent AveRockfordIL61102
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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 503 Vincent Ave, Rockford, IL, 61102 priced at $145,000 converts $1,705/mo rent into $699/mo cash flow after a $710/mo obligation. Total monthly income equals $1,705/mo, and annual cash flow totals $8,387/yr on $48,068 invested. Return on cash invested prints 37.36% in year one, and rental yield reads 14.11% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 197.39% and total cumulative return in cash sums $94,880. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,705/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1951
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61102, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,973 (100%) |
| Owner Occupied HU | 3,994 (57.3%) |
| Renter Occupied HU | 2,158 (30.9%) |
| Vacant Housing Units | 821 (11.8%) |
| Median Home Value | $125,702 |
| Average Home Value | $147,453 |
Housing Distribution
Address Breakdown
Residential
6,331
Single Family
6,321
Multi-Family
10
Businesses
288
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