508 7th AveRock FallsIL61071
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
Rental property for sale in Rock Falls at 508 7th Ave, Rock Falls, IL, 61071 offers $1,058/mo rent that, after a $551/mo payment, leaves $222/mo cash flow. Total monthly income is $1,058/mo, and annual cash flow is $2,668/yr on $37,327 cash. Return on cash invested measures 27.06% in year one, and rental yield stands at 11.28% at a $112,600 entry. Equity gained on principal adds $727/yr while 5% annual appreciation compounds into $31,109 by year five. Five-year ROI records 142.87% and total cumulative return in cash reaches $53,328. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,058/mo property income versus a $551/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61071, Rock Falls, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,387 (100%) |
| Owner Occupied HU | 4,150 (65.0%) |
| Renter Occupied HU | 1,619 (25.3%) |
| Vacant Housing Units | 618 ( 9.7%) |
| Median Home Value | $120,084 |
| Average Home Value | $151,421 |
Housing Distribution
Address Breakdown
Residential
5,899
Single Family
5,570
Multi-Family
329
Businesses
412
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