810 Ashland 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 810 Ashland Ave, Rockford, IL, 61103 uses $43,924 cash to close to unlock $7,446/yr annual cash flow and $620/mo monthly cash flow. Total monthly income runs $1,540/mo, and a $649/mo payment keeps the spread at $620/mo. Purchase price stands at $132,500, and rental yield measures 13.95% with $1,540/mo rent. Return on cash invested shows 36.86% in year one, and 5% annual appreciation builds toward $36,607 over five years. Five-year ROI reaches 194.78% and total cumulative return in cash records $85,556. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,540/mo property income covering a $649/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4,356 sqft 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: Alice Lin • Weichert Realtors - Tovar Properties
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202406232
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