635 Garfield AveRockfordIL61103
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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 635 Garfield Ave, Rockford, IL, 61103 earns $75/mo cash flow from $1,271/mo rent with a $837/mo payment. Total monthly income totals $1,271/mo, and annual cash flow totals $897/yr on $56,687 capital. ROI tracks 21.49% on current figures, and rental yield reads 8.92% at a $171,000 purchase. Equity gained on principal adds $1,103/yr, and 5% annual appreciation supports $47,244 over five years. Five-year ROI reaches 112.41% and total cumulative return in cash sums $63,719. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,271/mo property income instead of your personal income.
Multi Family
Built in 1910
N/A 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: Justin Smith • Century 21 Affiliated
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202504502
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.