1818 Overdene Ave · Rockford, IL 61103

$86,000

3 bd · 1.0 ba · 925 sqft · SingleFamily public records · 5 Days on market

Built 1955 6,750 sqft lot Est $124k · 31% 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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.5/5.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3-bedroom, 1-bath ranch offers the convenience of no stairs and a simple, functional layout. The bathroom features a walk-in shower for added accessibility. A detached 1-car garage provides parking and extra storage space. Newer roof and water heater. Main floor laundry. Home is being sold as-is. Cash or conventional financing only (no FHA/VA). A solid opportunity with great potential—come take a look!

Key facts

• Main floor laundry
• Walk-in shower
• Detached garage

Tags

• WALK-IN SHOWER
• DETACHED GARAGE
• MAIN FLOOR LAUNDRY

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $86k.

Deal economics

• At list price, monthly cash flow is $432 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $86k).
• Cap rate 12.3% 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: West View Elem School (math 2% / reading 2%, grade F, #1,927 of 2,056 statewide, top 100%, 420 students, 0% FRL); West Middle School (math 3% / reading 11%, grade F, #627 of 665 statewide, top 95%, 849 students, 0% FRL); Guilford High School (math 15% / reading 28%, grade F, #345 of 693 statewide, top 50%, 2,071 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 (+8.1%/yr); 105 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 285 units permitted in Winnebago County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($51k/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 $595 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 $24k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 19y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $86,000

Questions for the listing agent

1. Built in 1955 — 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: 1.61% ✓
• Cap rate: 12.32%
• Cash-on-cash: 21.53%
• DSCR: 1.96
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $123,950
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2011 Overdene Ave	0.11mi	3/1.0	875 (-5%)	1mo	$132,000	$151	85
2011 Overdene Ave	0.11mi	3/1.0	875 (-5%)	1mo	$132,000	$151	85
1803 Ridgeland (sbr) Rd	0.05mi	3/1.0	1,004 (+8%)	1mo	$49,000	$49	82
1504 Barton Blvd	0.29mi	2/1.0 (-1)	896 (-3%)	5mo	$135,000	$151	72
3311 Hanover Dr	0.66mi	3/1.0	936 (+1%)	1mo	$135,000	$144	66
1720 Paradise Blvd	0.21mi	2/1.0 (-1)	858 (-7%)	8mo	$115,000	$134	66
1807 Bell Ave	0.29mi	3/1.0	820 (-11%)	4mo	$139,900	$171	64
1620 Pierce Ave	0.30mi	2/1.0 (-1)	857 (-7%)	6mo	$100,000	$117	64
2216 N Court St	0.49mi	3/1.0	1,000 (+8%)	3mo	$125,000	$125	61
2404 Glenwood Ave	0.39mi	2/1.0 (-1)	1,037 (+12%)	5mo	$110,000	$106	53
2804 Gladstone Ave	0.74mi	3/1.0	864 (-7%)	7mo	$105,000	$122	49
2724 Prial Ave	0.58mi	2/1.0 (-1)	1,036 (+12%)	4mo	$100,000	$97	45

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: 20.0%
• Equity multiple: 1.87×
• Total profit: $20,971
• Equity at exit: $12,823

10-year hold

• IRR: 31.7%
• Equity multiple: 4.63×
• Total profit: $87,312
• Equity at exit: $7,436

Cash invested: $24,080 (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 61103

• Home prices YoY: -27.3%
• Rents YoY: 8.1%
• Active inventory: 105
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,387 high
• Mortgage (P&I): −$451
• Tax from tax record: −$177 /mo · $2,125/yr
• Insurance: −$36
• HOA: −$0
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $432

Break-even live

Break-even rent $840

Max offer price $86,000

Occupancy floor 64%

Sensitivity live

Price	-10% $481	-5% $456	+0% $432	+5% $408	+10% $383
Rent	-10% $322	-5% $377	+0% $432	+5% $487	+10% $542
Rate	-1.0pp $475	-0.5pp $454	base $432	+0.5pp $410	+1.0pp $387

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: $21,500
• Closing costs: $2,580
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1823 Overdene Ave Rockford, IL	3.0	1.0	875	$1,500	$1.71	22d	1	0.03mi
1823 Overdene Ave Rockford, IL	3.0	1.0	875	$1,400	$1.60	14d	1	0.03mi
2019 Overdene Ave Rockford, IL	3.0	1.0	875	$1,400	$1.60	14d	1	0.13mi
2019 Overdene Ave Rockford, IL	3.0	1.0	875	$1,500	$1.71	44d	1	0.13mi
2208 Fremont St Rockford, IL	3.0	1.0	938	$1,400	$1.49	14d	1	0.62mi
2215 Hecker Ave Unit 2215 Rockford, IL	3.0	1.0	800	$1,095	$1.37	44d	1	0.67mi
3311 Sun Valley Ter Unit 3311-8 Rockford, IL	2.0	1.0	850	$995	$1.17	44d	1	0.77mi
2535 Halsted Rd Rockford, IL	3.0	1.0–1.5	850	$1,399	$1.65	14d	1	0.78mi
3303 Sun Valley Ter Unit 3303-11 Rockford, IL	2.0	1.0	850	$950	$1.12	22d	1	0.80mi
1832 N Main St Rockford, IL	2.0–3.0	1.0–2.0	872	$1,199	$1.37	14d	1	0.86mi
3936 Eagle Dr Rockford, IL	1.0–2.0	1.0	712	$999	$1.40	14d	1	0.96mi
1904 Auburn St Unit 1904-4 Rockford, IL	2.0	1.0	800	$1,050	$1.31	44d	1	1.01mi
1401 N Court St Rockford, IL	2.0	1.0	850	$950	$1.12	44d	1	1.09mi
2330 Kilburn Ave Rockford, IL	2.0–3.0	1.0–2.0	950	$1,199	$1.26	14d	1	1.13mi
1614 Pauline Ave Rockford, IL	2.0	1.0	956	$1,400	$1.46	44d	1	1.14mi
3701 Trilling Ave Unit 3701-104 Rockford, IL	3.0	1.0	1100	$1,345	$1.22	14d	1	1.20mi
1121 N Church St Rockford, IL	2.0	1.0	900	$1,200	$1.33	22d	1	1.39mi

Listing history 21 events

1. 2026-02-26
   status Pending 416-char remark

   Show marketing remark (416 chars)

   This 3-bedroom, 1-bath ranch offers the convenience of no stairs and a simple, functional layout. The bathroom features a walk-in shower for added accessibility. A detached 1-car garage provides parking and extra storage space. Newer roof and water heater. Main floor laundry. Home is being sold as-is. Cash or conventional financing only (no FHA/VA). A solid opportunity with great potential—come take a look!

2. 2026-02-26
   status Pending

   Show marketing remark (416 chars)

   This 3-bedroom, 1-bath ranch offers the convenience of no stairs and a simple, functional layout. The bathroom features a walk-in shower for added accessibility. A detached 1-car garage provides parking and extra storage space. Newer roof and water heater. Main floor laundry. Home is being sold as-is. Cash or conventional financing only (no FHA/VA). A solid opportunity with great potential—come take a look!

3. 2026-02-21
   listed $86,000 Active 416-char remark

   Show marketing remark (416 chars)

   This 3-bedroom, 1-bath ranch offers the convenience of no stairs and a simple, functional layout. The bathroom features a walk-in shower for added accessibility. A detached 1-car garage provides parking and extra storage space. Newer roof and water heater. Main floor laundry. Home is being sold as-is. Cash or conventional financing only (no FHA/VA). A solid opportunity with great potential—come take a look!

4. 2026-02-20
   listed $86,000 Active
5. 2024-11-25
   soldstatus $105,000
6. 2024-11-21
   soldstatus $105,000 Closed 112-char remark

   Show marketing remark (112 chars)

   Adorable 3 bedroom home on the North West side of town. Detached 1.5 car garage. Currently rented until Sept 30.

7. 2024-11-04
   status Pending 112-char remark

   Show marketing remark (112 chars)

   Adorable 3 bedroom home on the North West side of town. Detached 1.5 car garage. Currently rented until Sept 30.

8. 2024-10-01
   status Active 112-char remark

   Show marketing remark (112 chars)

   Adorable 3 bedroom home on the North West side of town. Detached 1.5 car garage. Currently rented until Sept 30.

9. 2024-09-20
   historical 112-char remark

   Show marketing remark (112 chars)

   Adorable 3 bedroom home on the North West side of town. Detached 1.5 car garage. Currently rented until Sept 30.

10. 2024-08-26
    listed $110,000 Active 112-char remark

    Show marketing remark (112 chars)

    Adorable 3 bedroom home on the North West side of town. Detached 1.5 car garage. Currently rented until Sept 30.

11. 2022-08-12
    soldstatus $63,334
12. 2022-04-29
    listed $63,000
13. 2009-02-25
    soldstatus $55,500 Closed Sale
14. 2009-02-24
    historical
15. 2009-02-13
    soldstatus $55,500
16. 2009-01-05
    listed $59,000
17. 2008-12-11
    historical
18. 2008-06-10
    listed
19. 2008-05-09
    historical
20. 2007-11-10
    listed
21. 2004-07-14
    soldstatus $59,500

ⓘ 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: $2,125 · $177/mo
• Projected year-2 tax: $2,125 · $177/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 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: $16,646
• − Mortgage interest: −$4,817
• − Property taxes: −$2,125
• − Insurance: −$430
• − Repairs & maintenance: −$1,332
• − Management: −$1,332
• − Depreciation: −$2,502
• Taxable income: $4,109
• Est. tax owed @ 24.0%: −$986
• After-tax cash flow: $4,197/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): 22,869
• Household income: $51,161
• Rent vs Own: 48.4% rent · 51.6% own
• Severe rent burden: 1402.0

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 0.61)
• Race & ethnicity: White 56% Black 25% Two or more races 13% Hispanic / Latino 12%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Romanian 3% Portuguese 2% Italian 2%
• Foreign-born: 7% · Canada
• Languages at home: 88% English-only · Spanish 9% 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: ▼ -81.02%
• Current HPI: 215.8559
• Rent YoY: ▲ 8.11%
• 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

+44.5% since first listed

21 events — show timeline

• 2026-02-26 Pending — NWIAR
• 2026-02-26 Pending — MRED as Distributed by MLS Grid
• 2026-02-21 Listed $86,000 NWIAR
• 2026-02-20 Listed $86,000 MRED as Distributed by MLS Grid
• 2024-11-25 Sold (Public Records) $105,000 Public Records
• 2024-11-21 Sold (MLS) $105,000 NWIAR
• 2024-11-04 Pending — NWIAR
• 2024-10-01 Relisted — NWIAR
• 2024-09-20 Delisted — NWIAR
• 2024-08-26 Listed $110,000 NWIAR
• 2022-08-12 Sold (MLS) $63,334 NWIAR
• 2022-04-29 Listed $63,000 NWIAR
• 2009-02-25 Sold (MLS) $55,500 MRED as Distributed by MLS Grid
• 2009-02-24 Listing Removed — MRED as Distributed by MLS Grid
• 2009-02-13 Sold (Public Records) $55,500 Public Records
• 2009-01-05 Listed $59,000 MRED as Distributed by MLS Grid
• 2008-12-11 Listing Removed — MRED as Distributed by MLS Grid
• 2008-06-10 Listed — MRED as Distributed by MLS Grid
• 2008-05-09 Listing Removed — MRED as Distributed by MLS Grid
• 2007-11-10 Listed — MRED as Distributed by MLS Grid
• 2004-07-14 Sold (Public Records) $59,500 Public Records

Property tax history

-0.2%/yr

Latest (2024): $2,125 · +3.5% YoY. Source: county tax records.