422 S Henrietta Ave Rockford, IL 61102

This 1966 built, 7 bed / 4 bath property in Rockford, IL makes sense for any flipper or rental investor, even in today's changing real estate market. Great cash flow!

Financials:

ARV: $150,000

Purchase Price: $90,000

Profit Details:

$150,000 ARV

(*) 94% for sale commissions

(-) $90,000 purchase price

(-) $5,000 rehab buget

(-) $5,000 closing / holding cost

(=) $41,000 profit

Rental Profit Details:

$2400 (600 per unit) monthly market rents

(-) $223 monthly tax

(-) $70 monthly insurance

(-) $240 property management

(-) $240 allocation for repairs, vacancy, etc

(=) $1,627 net monthly cash flow

Property Details:

7 Beds / 4 Bath

1966 Year Build

2,160 Home Square Feet

10,454 Lot Size

April 7th, 2023 Closing

2 units occupied, 2 units vacant at close

No apparent issues with foundation, electrical, or plumbing

Needs finished cabinets in one kitchen

Recent Updates:

2018 - New HVAC

New floors and doors in a couple units