6112 Garrett LnRockfordIL61107
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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 6112 Garrett Ln, Rockford, IL, 61107 uses $43,095 cash to close to unlock $6,043/yr annual cash flow and $504/mo monthly cash flow. Total monthly income runs $1,405/mo, and a $636/mo payment keeps the spread at $504/mo. Purchase price stands at $130,000, and rental yield measures 12.97% with $1,405/mo rent. Return on cash invested shows 33.93% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 179.05% and total cumulative return in cash records $77,163. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,405/mo property income covering a $636/mo payment rather than investor’s personal income.
Condo
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61107, Rockford, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,409 (100%) |
| Owner Occupied HU | 8,901 (61.8%) |
| Renter Occupied HU | 4,531 (31.4%) |
| Vacant Housing Units | 977 ( 6.8%) |
| Median Home Value | $188,527 |
| Average Home Value | $224,860 |
Housing Distribution
Address Breakdown
Residential
13,703
Single Family
12,131
Multi-Family
1,572
Businesses
702
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Listed by: Kevin Horstman • Berkshire Hathaway Homeservices Crosby Starck Re
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202504491
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.