508 1st Ave SERockfordIA50468
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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 508 1st Ave SE, Rockford, IA, 50468 offers $780/mo rent that, after a $731/mo payment. Total monthly income is $780/mo. Return on cash invested measures 15.31% in year one, and rental yield stands at 6.27% at a $149,319 entry. Equity gained on principal adds $964/yr while 5% annual appreciation compounds into $41,254 by year five. Five-year ROI records 78.66% and total cumulative return in cash reaches $38,936. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $780/mo property income versus a $731/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50468, Rockford, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 687 (100%) |
| Owner Occupied HU | 481 (70.0%) |
| Renter Occupied HU | 128 (18.6%) |
| Vacant Housing Units | 78 (11.4%) |
| Median Home Value | $160,417 |
| Average Home Value | $210,296 |
Housing Distribution
Address Breakdown
Residential
590
Single Family
590
Multi-Family
0
Businesses
40
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Listed by: Lola Vaith • Century 21 Preferred
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6319346
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.