824 Waveland 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
Investment property for sale in Rockford at 824 Waveland Ave, Rockford, IL, 61102 offers a 15.91% rental yield on a $135,000 purchase with $1,790/mo rent. Total monthly income registers $1,790/mo, and a $661/mo payment leaves $853/mo available for distribution. Annual cash flow reaches $10,240/yr on $44,753 to close, and return on cash invested stands at 42.79% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 226.61% and total cumulative return in cash at $101,413. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,790/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
6,098 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: Yanet Escobedo • Smart Home Realty
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202503211
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.