8950 Hoover RdRock FallsIL61071
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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 Rock Falls at 8950 Hoover Rd, Rock Falls, IL, 61071 offers a 8.87% rental yield on a $210,000 purchase with $1,553/mo rent. Total monthly income registers $1,553/mo, and a $1,028/mo payment leaves $96/mo available for distribution. Annual cash flow reaches $1,155/yr on $69,615 to close, and return on cash invested stands at 21.57% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 112.77% and total cumulative return in cash at $78,508. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,553/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61071, Rock Falls, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,387 (100%) |
| Owner Occupied HU | 4,150 (65.0%) |
| Renter Occupied HU | 1,619 (25.3%) |
| Vacant Housing Units | 618 ( 9.7%) |
| Median Home Value | $120,084 |
| Average Home Value | $151,421 |
Housing Distribution
Address Breakdown
Residential
5,899
Single Family
5,570
Multi-Family
329
Businesses
412
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Listed by: Tina DeMay • Bird Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12503185