511 King StRockfordIL61103
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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 511 King St, Rockford, IL, 61103 uses $46,079 cash to close to unlock $1,046/yr annual cash flow and $87/mo monthly cash flow. Total monthly income runs $1,051/mo, and a $680/mo payment keeps the spread at $87/mo. Purchase price stands at $139,000, and rental yield measures 9.07% with $1,051/mo rent. Return on cash invested shows 22.18% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 116.09% and total cumulative return in cash records $53,492. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,051/mo property income covering a $680/mo payment rather than investor’s personal income.
Single Family
Built in 1910
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61103, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,046 (100%) |
| Owner Occupied HU | 5,025 (45.5%) |
| Renter Occupied HU | 4,904 (44.4%) |
| Vacant Housing Units | 1,117 (10.1%) |
| Median Home Value | $143,110 |
| Average Home Value | $176,481 |
Housing Distribution
Address Breakdown
Residential
10,229
Single Family
8,022
Multi-Family
2,207
Businesses
400
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Listed by: Katie Oehlberg • Re/Max Property Source
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202501639
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.