1424 N Day Ave · Rockford, IL 61101

$95,000

2 bd · 1.0 ba · 1,248 sqft · SingleFamily · 2 Days on market

Built 1960 6,970 sqft lot Est $110k · 13% 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 +30.0/30.0
• ARV discount +13.6/15.0
• DSCR +10.0/10.0
• 1% rule +8.7/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Cute spacious ranch on a corner lot! Detached 3 car garage with plenty or parking space. Large kitchen and bedrooms. Front den area could be an office or potential 3rd bedroom. New roof. Water heater in '24.

Key facts

• Water heater
• Large kitchen
• Front den area

Tags

• CORNER LOT
• DETACHED 3 CAR GARAGE
• LARGE KITCHEN
• FRONT DEN AREA
• NEW ROOF
• WATER HEATER

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $467 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Cap rate 12.2% 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: Mcintosh Elementary (math 2% / reading 2%, grade F, #1,927 of 2,056 statewide, top 100%, 333 students, 0% FRL); Kennedy Middle School (math 3% / reading 2%, grade F, #660 of 665 statewide, top 100%, 380 students, 0% FRL); Auburn High School (math 26% / reading 32%, grade F, #210 of 693 statewide, top 30%, 1,936 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: 79 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 47% of comp listings sitting > 30 days — soft ceiling on asking rent; 285 units permitted in Winnebago County in 2024 (0 in 5+ unit buildings).
• This rent runs 34% of the median local income ($46k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 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 + 3.0% rent growth), your $27k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $95,000

Questions for the listing agent

1. Built in 1960 — 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: 1.37% ✓
• Cap rate: 12.19%
• Cash-on-cash: 21.06%
• DSCR: 1.94
• GRM: 6.1

CMA / ARV

• ARV (on-the-fly): $109,824
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1424 N Day Ave	0.00mi	2/1.0	1,248 (0%)	1mo	$103,500	$83	99
4310 Wilshire Ave	0.23mi	3/1.0 (+1)	1,220 (-2%)	2mo	$120,000	$98	79
2511 Ashland Ave	0.51mi	3/1.0 (+1)	1,252 (+0%)	5mo	$110,000	$88	66
618 Alliance Ave	0.69mi	3/1.0 (+1)	1,224 (-2%)	3mo	$91,000	$74	57
707 Royal Ave	0.71mi	3/1.0 (+1)	1,279 (+2%)	2mo	$87,000	$68	56
3612 Sunnyside Ave	0.73mi	3/1.0 (+1)	1,196 (-4%)	2mo	$129,000	$108	52
711 Albert Ave	0.74mi	3/1.0 (+1)	1,226 (-2%)	15mo	$130,000	$106	45
2111 Sherman Ave	0.56mi	3/2.0 (+1)	1,371 (+10%)	5mo	$56,898	$42	44
1019 N Independence Ave	0.67mi	3/1.0 (+1)	1,328 (+6%)	16mo	$87,000	$66	40
602 Alliance Ave	0.71mi	3/1.0 (+1)	1,154 (-8%)	14mo	$65,000	$56	38
2103 Sherman Ave	0.58mi	3/2.0 (+1)	1,068 (-14%)	12mo	$145,000	$136	30
2015 Sherman Ave	0.60mi	3/2.0 (+1)	1,064 (-15%)	15mo	$168,000	$158	26

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 13.5%
• Equity multiple: 1.54×
• Total profit: $14,294
• Equity at exit: $14,165

10-year hold

• IRR: 22.3%
• Equity multiple: 2.90×
• Total profit: $50,567
• Equity at exit: $8,214

Cash invested: $26,600 (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 61101

• Home prices YoY: -25.4%
• Active inventory: 79
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,301 high
• Mortgage (P&I): −$498
• Tax from tax record: −$23 /mo · $276/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$273
• Net cashflow: $467

Break-even live

Break-even rent $710

Max offer price $95,000

Occupancy floor 59%

Sensitivity live

Price	-10% $521	-5% $494	+0% $467	+5% $440	+10% $413
Rent	-10% $364	-5% $415	+0% $467	+5% $518	+10% $570
Rate	-1.0pp $515	-0.5pp $491	base $467	+0.5pp $442	+1.0pp $417

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
901 N Horace Ave Rockford, IL	3.0	2.0	1400	$1,700	$1.21	15d	1	0.44mi
924 N Sunset Ave Rockford, IL	2.0	1.0	725	$1,050	$1.45	15d	1	0.66mi
1413 La Belle Ave Rockford, IL	2.0	1.0	900	$1,200	$1.33	45d	1	0.75mi
2305 School St Unit 2305-7 Rockford, IL	2.0	1.0	875	$995	$1.14	45d	1	0.79mi
1116 Irving Ave Unit 1116-301 Rockford, IL	2.0	1.0	800	$950	$1.19	23d	1	0.82mi
2011 School St Rockford, IL	3.0	1.0	950	$1,500	$1.58	45d	1	0.87mi
912 Furman St Rockford, IL	2.0	1.0	1000	$1,300	$1.30	15d	1	0.96mi
1617 Vermont St Rockford, IL	2.0	1.0	1375	$1,325	$0.96	45d	1	1.03mi
1510 School St Unit 1 Rockford, IL	3.0	1.5	1400	$1,200	$0.86	45d	1	1.08mi
2330 Kilburn Ave Rockford, IL	2.0–3.0	1.0–2.0	950	$999	$1.05	15d	1	1.11mi
2403 Elm St Rockford, IL	2.0	1.0	1373	$1,400	$1.02	45d	1	1.13mi
2403 Elm St Rockford, IL	2.0	1.0	1373	$1,400	$1.02	15d	1	1.13mi
418 Orchard Park Rockford, IL	3.0	1.0	1232	$1,500	$1.22	15d	1	1.19mi
2315 Green St Rockford, IL	3.0	1.0	1290	$1,600	$1.24	45d	1	1.28mi
1826 Green St Rockford, IL	2.0	1.0	1000	$1,300	$1.30	23d	1	1.41mi
1614 Pauline Ave Rockford, IL	2.0	1.0	956	$1,400	$1.46	45d	1	1.42mi
504 Lexington Ave Rockford, IL	2.0	1.0	700	$1,300	$1.86	15d	1	1.45mi

Listing history 2 events

1. 2026-04-26
   status Pending
2. 2026-04-23
   listed $95,000 Active

ⓘ 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: $276 · $23/mo
• Projected year-2 tax: $1,216 · $101/mo
• Expected delta: +$940/yr (+$78/mo · 340.6%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 72% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥102°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: $15,608
• − Mortgage interest: −$5,321
• − Property taxes: −$276
• − Insurance: −$475
• − Repairs & maintenance: −$1,249
• − Management: −$1,249
• − Depreciation: −$2,764
• Taxable income: $4,275
• Est. tax owed @ 24.0%: −$1,026
• After-tax cash flow: $4,575/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

• County: Winnebago County · 147,297 people
• City population: 147,297
• Metro: Rockford, IL
• Population (ZIP): 19,318
• Household income: $46,163
• Rent vs Own: 48.6% rent · 51.4% own
• Severe rent burden: 1170.0

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: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 44% Black 34% Hispanic / Latino 16% Two or more races 8% Asian 1%
• Hispanic origin (detail): Mexican 14% Puerto Rican 1%
• Common ancestry: Romanian 3% Italian 2% Portuguese 2%
• Foreign-born: 9% · Canada
• Languages at home: 84% English-only · Spanish 13% Other Indo-European 1% 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: ▼ -69.58%
• Current HPI: 204.8946
• Rent YoY: —
• 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

2 events — show timeline

• 2026-04-26 Pending — NWIAR
• 2026-04-23 Listed $95,000 NWIAR

Property tax history

-5.8%/yr

Latest (2024): $276 · -7.9% YoY. Source: county tax records.