816 Illinois AveRockfordIL61102
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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
Rental property for sale in Rockford at 816 Illinois Ave, Rockford, IL, 61102 offers $1,608/mo rent that, after a $607/mo payment, leaves $748/mo cash flow. Total monthly income is $1,608/mo, and annual cash flow is $8,974/yr on $41,106 cash. Return on cash invested measures 41.74% in year one, and rental yield stands at 15.56% at a $124,000 entry. Equity gained on principal adds $800/yr while 5% annual appreciation compounds into $34,259 by year five. Five-year ROI records 220.91% and total cumulative return in cash reaches $90,807. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,608/mo property income versus a $607/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
6,969 sqft 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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Listed by: Matt Humpal • Re/Max Property Source
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202506875
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.