517 8th StRockfordIL61104
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
Investment property for sale in Rockford at 517 8th St, Rockford, IL, 61104 offers a 10.64% rental yield on a $128,500 purchase with $1,139/mo rent. Total monthly income registers $1,139/mo, and a $629/mo payment leaves $248/mo available for distribution. Annual cash flow reaches $2,972/yr on $42,598 to close, and return on cash invested stands at 26.89% in year one. Equity gained on principal adds $829/yr while 5% annual appreciation supports $35,502 over five years. Portfolio math shows five-year ROI at 141.27% and total cumulative return in cash at $60,180. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,139/mo property income against a $629/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adam Guarino • Dickerson & Nieman
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202504725
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.