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$89,900

For Sale - Active
810 N Horsman St, Rockford, IL 61101
4 Beds
1 Bath
1,248 Square Feet
0.00 Acres Lot
Built in 1935
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: Jun 21, 2025 at 03:14AM

Investment Summary


Monthly Cash Flow
$242
Cap Rate
9.5%
Cash-on-Cash Return
14.0%
Debt Coverage Ratio
1.51
Internal Rate of Return (5 years)
17.7%

Property Description


0.00 Acres Lot
Built in 1935
For Sale - Active
Units n/a

Spacious Dutch Colonial home with 4 bedrooms, 1 bathroom and 2-car garage. The main floor features a light and bright living room galley style kitchen with dining table space and a main floor bedroom. Upstairs are 3 spacious bedrooms and full bathroom. Detached 2-car garage. Sold as-is. No FHA/VA

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Location


Property Details


Parking

  • Description: Garage
  • Details: On Site, Detached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Unfinished, Full

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1122227014
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1935

Tax Information

  • Annual Tax: $1,376

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air
  • Cooling: None

Location

  • County: Winnebago

Listing Details


Listed by:
Olga Kampmeier
Keller Williams Realty Signature
(815) 315-1111

Source:
Midwest Real Estate Data (MRED)
MLS#: 12386885
Midwest Real Estate Data (MRED)

Investment Summary


Monthly Cash Flow
$242
Cap Rate
9.5%
Cash-on-Cash Return
14.0%
Debt Coverage Ratio
1.51
Internal Rate of Return (5 years)
17.7%

Purchase Details

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Purchase price:
$89,900
Amount financed:
-$71,920
Down payment:
$17,980
Closing costs:
$2,697
Rehab costs:
$0
Initial cash invested:
$20,677
Square feet:
1,248
Cost per square foot:
$72
Monthly rent per square foot:
$0.96

Financing Details

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Loan amount:
$71,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$471
Property tax:
$115
Insurance:
$84
Private mortgage insurance (PMI):
$0
Monthly payment:
$670

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,200 $14,400
Vacancy loss: (6%)
6% -$72 -$864
Operating income:
$1,128 $13,536

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$115-$1,376
Insurance: (7%)
7%-$84-$1,008
Property management: (8%)
8%-$96-$1,152
Repairs & maintenance: (5%)
5%-$60-$720
Capital expenditures: (5%)
5%-$60-$720
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$415-$4,976

Cash Flow


Monthly Yearly
Net operating income:
$713 $8,556
Mortgage payments:
-$471 -$5,652
Cash flow:
$242 $2,904