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Archived over 1 year ago

$75,000

3 bd 1 ba 1075 sqft

1803 Sherman Avenue , Rockford, IL 61101

Residential SFR Needs Repairs

Current Rent **

N/A

Projected Rent **

$1,298

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Crystal Smith

Real Estate Broker
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Perfect for BRRR Investors!

We have an exciting opportunity for savvy investors looking to implement the BRRR strategy. This 3-bedroom, 1-bath single-family home in Rockford, Illinois. This property is ideal for investors seeking a value-add project requiring cosmetic renovations.

Key Features
Bedrooms: 3
Bathrooms: 1
Full Finished Basement: Provides additional living space or potential for added rental value.
Estimated Rental Income: $1,200/month
Property Condition: Needs cosmetic updates, presenting an excellent opportunity to increase its value.
Why This Property?
This Rockford home is a prime candidate for the BRRR strategy:

Buy: Get in at a great price by acquiring this property wholesale.
Rehab: Renovate the property with cosmetic updates to maximize value.
Rent: Expected rental income of $1,200/month offers strong cash flow potential.
Refinance: Capture the increased property value after renovation to pull out your invested capital.
Repeat: Use your investment returns to fund your next project.
Investor Highlights
Cosmetic Updates Only: Focus on quick and simple fixes, avoiding major structural changes.
Turnkey Rental Opportunity: Once renovated, this home is perfect for renters, with a market-competitive rental rate.
Strong Cash Flow Potential: Rental income of $1,200/month ensures a solid return.
Schedule a Viewing or Get More Information
Don’t miss out on this excellent investment opportunity in Rockford, IL. If you're interested in learning more about the property, viewing it, or making an offer, contact us today. This is a deal with high potential, and it won't last long!

Act Fast — Contact Us Now!

The seller is a Licensed Realtor with the Smith Group (Kale Realty)

Location:

1803 Sherman Avenue , Rockford, IL 61101

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.