5384 Dierks DrRockfordIL61108
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 5384 Dierks Dr, Rockford, IL, 61108 uses $74,554 cash to close to unlock $6,394/yr annual cash flow and $533/mo monthly cash flow. Total monthly income runs $2,093/mo, and a $1,101/mo payment keeps the spread at $533/mo. Purchase price stands at $224,900, and rental yield measures 11.17% with $2,093/mo rent. Return on cash invested shows 28.49% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 149.82% and total cumulative return in cash records $111,697. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,093/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61108, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,778 (100%) |
| Owner Occupied HU | 8,046 (63.0%) |
| Renter Occupied HU | 3,978 (31.1%) |
| Vacant Housing Units | 754 ( 5.9%) |
| Median Home Value | $138,727 |
| Average Home Value | $161,685 |
Housing Distribution
Address Breakdown
Residential
12,217
Single Family
11,058
Multi-Family
1,159
Businesses
1,151
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices