5583 Wheat DrRockfordIL61102
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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 5583 Wheat Dr, Rockford, IL, 61102 uses $129,285 cash to close to unlock $11,229/yr annual cash flow and $936/mo monthly cash flow. Total monthly income runs $3,641/mo, and a $1,909/mo payment keeps the spread at $936/mo. Purchase price stands at $390,000, and rental yield measures 11.2% with $3,641/mo rent. Return on cash invested shows 28.59% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 150.39% and total cumulative return in cash records $194,432. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,641/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61102, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,973 (100%) |
| Owner Occupied HU | 3,994 (57.3%) |
| Renter Occupied HU | 2,158 (30.9%) |
| Vacant Housing Units | 821 (11.8%) |
| Median Home Value | $125,702 |
| Average Home Value | $147,453 |
Housing Distribution
Address Breakdown
Residential
6,331
Single Family
6,321
Multi-Family
10
Businesses
288
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