1803 8th St · Rockford, IL 61104

$109,900

3 bd · 1.0 ba · 1,315 sqft · SingleFamily · 1 Days on market

Built 1900 6,534 sqft lot Est $117k · 6% under

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.0/30.0
• ARV discount +10.2/15.0
• DSCR +9.9/10.0
• 1% rule +7.1/10.0
• Rent growth +4.9/5.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this charming 3 bedroom, 1 bath residence offering comfort, convenience, and recent updates throughout. The updated bathroom adds a modern touch, while brand new carpeting creates a fresh and inviting feel. Major mechanical updates provide peace of mind, including a new water heater installed in 2026 and a furnace replaced in 2014. The spacious 2 stall garage with new garage door offers plenty of room for vehicles, storage, or hobbies. Whether you’re a first-time homebuyer, looking to downsize, or searching for an investment opportunity, this move-in ready home is one you won’t want to miss.

Key facts

• 6,534 sq ft lot
• 2 garage spots
• Built 1900

Property features AI

Finance

• Other:
• Financial info:
• HOA & community:

Exterior

• Parking: Detached 2-car garage
• Security:
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story
• Construction:
• Exterior features: Shingle roof; Lot about 0.15 acre

Interior

• Kitchen: Gas cooktop; Refrigerator
• Bedrooms:
• Flooring:
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Forced air heating; Natural gas
• Interior features: Gas cooktop; Refrigerator; Gas water heater; Full basement
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $343 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Cap rate 10.0% vs local median 6.1% in Rockford — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 62/100 on livability (#876 in IL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Rockford SD 205 (urban): math 12% / reading 16% proficiency, ranked #533 of 620 in IL (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Constance Lane Elementary School (math 2% / reading 2%, grade F, #1,927 of 2,056 statewide, top 100%, 573 students, 0% FRL); Abraham Lincoln Middle School (math 3% / reading 7%, grade F, #636 of 665 statewide, top 98%, 699 students, 0% FRL); Jefferson High School (math 3% / reading 9%, grade F, #608 of 693 statewide, top 88%, 2,114 students, 0% FRL) — zoned schools average 0% FRL vs 73% district-wide (73 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+9.7%/yr); 67 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 70% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 285 units permitted in Winnebago County in 2024 (0 in 5+ unit buildings).
• At $1,333/mo this rent would consume 47% of the median local household income ($34k/yr) (locally 1406% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Winnebago County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $31k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $69k; list at $110k implies a 59% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $109,900

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.21% ✓
• Cap rate: 10.03%
• Cash-on-cash: 13.36%
• DSCR: 1.59
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $117,035
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1325 21st Ave	0.37mi	3/1.0	1,300 (-1%)	8mo	$120,000	$92	74
1930 S 4th St	0.33mi	3/1.5	1,344 (+2%)	8mo	$120,000	$89	73
728 10th Ave	0.61mi	3/1.0	1,323 (+1%)	1mo	$112,000	$85	70
2120 S 6th St	0.30mi	3/1.0	1,176 (-11%)	5mo	$120,000	$102	64
2126 9th St	0.30mi	3/2.5	1,435 (+9%)	2mo	$163,000	$114	63
2008 Kishwaukee St	0.41mi	2/1.0 (-1)	1,373 (+4%)	8mo	$95,000	$69	62
1615 15th Ave	0.43mi	3/1.0	1,451 (+10%)	1mo	$149,000	$103	62
1306 Parmele St	0.47mi	3/2.0	1,209 (-8%)	1mo	$140,000	$116	60
1522 18th Ave	0.34mi	3/1.5	1,128 (-14%)	2mo	$80,000	$71	57
2219 S 4th St	0.50mi	3/1.0	1,142 (-13%)	8mo	$71,000	$62	48
1913 18th Ave	0.69mi	3/2.0	1,470 (+12%)	9mo	$78,500	$53	37
918 11th St	0.73mi	2/1.5 (-1)	1,134 (-14%)	8mo	$85,000	$75	29

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 8.7%
• Equity multiple: 1.36×
• Total profit: $11,045
• Equity at exit: $16,386

10-year hold

• IRR: 21.6%
• Equity multiple: 3.27×
• Total profit: $69,727
• Equity at exit: $9,502

Cash invested: $30,772 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 61104

• Home prices YoY: -21.4%
• Rents YoY: 9.7%
• Active inventory: 67
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,333 high
• Mortgage (P&I): −$576
• Tax from tax record: −$88 /mo · $1,057/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $343

Break-even live

Break-even rent $899

Max offer price $109,900

Occupancy floor 69%

Sensitivity live

Price	-10% $405	-5% $374	+0% $343	+5% $311	+10% $280
Rent	-10% $237	-5% $290	+0% $343	+5% $395	+10% $448
Rate	-1.0pp $398	-0.5pp $371	base $343	+0.5pp $314	+1.0pp $285

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
914 18th Ave Rockford, IL	2.0	1.0	1123	$900	$0.80	44d	1	0.22mi
1519 17th Ave Rockford, IL	3.0	2.0	1500	$1,600	$1.07	14d	1	0.32mi
810 15th Ave Unit 810-1 Rockford, IL	2.0	1.0	1000	$995	$0.99	44d	1	0.33mi
810 15th Ave Unit 810-3 Rockford, IL	2.0	1.0	1000	$995	$0.99	21d	1	0.33mi
2217 8th St Rockford, IL	3.0	1.0	1260	$1,500	$1.19	44d	1	0.38mi
1209 21st Pl Rockford, IL	2.0	1.0	1040	$1,350	$1.30	44d	1	0.39mi
1211 21st Pl Rockford, IL	2.0	1.0	1040	$1,350	$1.30	44d	1	0.39mi
1231 11th Ave Rockford, IL	4.0	1.0	1284	$1,450	$1.13	44d	1	0.43mi
1418 22nd Ave Rockford, IL	2.0	1.0	950	$1,200	$1.26	44d	1	0.49mi
1420 22nd Ave Rockford, IL	2.0	1.0	950	$1,200	$1.26	44d	1	0.49mi
1119 9th Ave Unit 1W Rockford, IL	3.0	1.0	1155	$1,600	$1.39	44d	1	0.57mi
1351 7th Ave Rockford, IL	4.0	2.0	1040	$2,000	$1.92	44d	1	0.74mi
1004 15th St Rockford, IL	4.0	1.5	1267	$1,450	$1.14	21d	1	0.90mi
1202 18th St Unit 3 Rockford, IL	3.0	1.0	1500	$1,700	$1.13	14d	1	0.99mi
333 S Gardiner Ave Unit AVE2 Rockford, IL	4.0	1.0	1306	$1,600	$1.23	44d	1	1.19mi
1138 Revell Ave Rockford, IL	2.0	1.0	900	$800	$0.89	44d	1	1.33mi
2021 2nd Ave Rockford, IL	2.0	1.0	1250	$1,000	$0.80	14d	1	1.39mi
1112 Crosby St Rockford, IL	2.0	1.0	1000	$1,050	$1.05	21d	1	1.41mi
1229 S Church St Unit 2 Rockford, IL	3.0	1.0	1096	$1,300	$1.19	44d	1	1.42mi
314 N Longwood St Rockford, IL	2.0	1.0	1060	$1,100	$1.04	44d	1	1.43mi

Listing history 2 events

1. 2026-06-18
   remarks 614-char remark
2. 2026-06-18
   listed $109,900 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IL · Partial reset (capped growth)

• Current annual tax: $1,057 · $88/mo
• Projected year-2 tax: $1,776 · $148/mo
• Expected delta: +$719/yr (+$60/mo · 68.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,992
• − Mortgage interest: −$6,156
• − Property taxes: −$1,057
• − Insurance: −$550
• − Repairs & maintenance: −$1,279
• − Management: −$1,279
• − Depreciation: −$3,197
• Taxable income: $2,474
• Est. tax owed @ 24.0%: −$594
• After-tax cash flow: $3,518/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Rockford SD 205
• NCES district ID: 1734510
• Math proficiency: 12% ▼ -2.00%
• Reading proficiency: 16% ▼ -3.00%
• Median HH income: $42,533
• Composite: 12.21/100
• National rank: #9649
• State rank: #533 of 620 in IL

Livability — Rockford

• Score: 62/100
• State rank: #876
• US rank: #17035

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rockford, IL
• County: Winnebago County · 147,297 people
• City population: 147,297
• Metro: Rockford, IL
• Population (ZIP): 17,222
• Household income: $33,772
• Rent vs Own: 62.2% rent · 37.8% own
• Severe rent burden: 1406.0

Population outlook (Winnebago County) Hauer SSP2

• Today (2025): 271,080 people
• By 2030: 260,684 · -3.8%
• By 2040: 238,405 · -12.1%
• By 2050: 216,129 · -20.3%
• By 2075: 172,882 · -36.2%
• By 2100: 135,336 · -50.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 41% Hispanic / Latino 26% Black 25% Two or more races 13% Asian 4%
• Hispanic origin (detail): Mexican 22% Puerto Rican 2%
• Common ancestry: Romanian 2% Portuguese 2% Lithuanian 2%
• Foreign-born: 16% · Canada, South Korea, Philippines
• Languages at home: 74% English-only · Spanish 18% Other Asian/Pacific 3% Russian/Polish/Slavic 1%

Political lean MEDSL · Winnebago

• 2024 margin: Toss-up / Even · D 49.5% · R 49.0% · Other 1.5%
• 2008→2024 swing: -12.2pp toward R · 2008: 12.8pp · 2024: 0.6pp
• All cycles: 2024: D+0.6 2020: D+2.5 2016: R+1.2 2012: D+5.7 2008: D+12.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -63.40%
• Current HPI: 233.0219
• Rent YoY: ▲ 9.67%
• Metro: Rockford, IL
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

+155.6% since first listed

3 events — show timeline

• 2026-06-18 Listed $109,900 NWIAR
• 2005-07-18 Sold (Public Records) $69,200 Public Records
• 2001-10-22 Sold (Public Records) $43,000 Public Records

Property tax history

-1.7%/yr

Latest (2025): $1,057 · +10.1% YoY. Source: county tax records.