1515 Mulberry St, Rockford, IL 61101

This 2 bedroom / 1.5 bathroom rental makes sense for any rental investor, even in today's changing real estate market. Prime location in Winnebago County, massive long-term appreciation potential!

Property is Vacant. Please contact Dispo Manager for walkthrough options.

Deal Takeaways:

Low cost flip or BRRRR

5 Mins drive from Downtown Rockford

<10 Mins drive from Javon Bea Hospital

10 Mins walk / 2 Mins drive from Walgreens and local groceries

Financials:

ARV: $70,000

Purchase Price: $25,000

Profit Details:

$70,000 ARV

(*) 94% for sale commissions

(-) $25,000 purchase price

(-) $20,000 rehab budget

(-) $5,000 closing / holding cost

(=) $15,800 profit

Rental Profit Details:

$1,200 monthly current rent

(-) $87 monthly tax

(-) $80 monthly insurance

(-) $120 property management

(-) $120 recommended allocation for repairs, vacancy, etc

(=) $793 net monthly cash flow

Property Details:

2 Beds / 1.5 Baths

1900 Year Build

1,026 Home Square Feet

4,356 Square Feet Lot Size