933 Ridge 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 933 Ridge Ave, Rockford, IL, 61103 listed at $109,000 pairs $1,309/mo rent with a $534/mo payment to leave $552/mo cash flow. Total monthly income runs $1,309/mo, and annual cash flow reaches $6,629/yr on $36,134 cash to close. Return on cash invested measures 38.26% in year one, and rental yield registers 14.41% at a $109,000 basis. Equity gained on principal adds $703/yr, and annual property appreciation at 5% supports $30,115 by year five. Five-year ROI tracks 202.28% and total cumulative return in cash totals $73,090. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,309/mo property income relative to a $534/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
3,920 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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