724 Parkview AveRockfordIL61107
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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 724 Parkview Ave, Rockford, IL, 61107 uses $59,637 cash to close to unlock $2,324/yr annual cash flow and $194/mo monthly cash flow. Total monthly income runs $1,442/mo, and a $881/mo payment keeps the spread at $194/mo. Purchase price stands at $179,900, and rental yield measures 9.62% with $1,442/mo rent. Return on cash invested shows 23.81% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 124.75% and total cumulative return in cash records $74,397. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,442/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1945
6,969 sqft 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: Tony Badaluco • Gambino Realtors
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202500200
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.