Here is your opportunity to grow your Rental Portfolio. I am a landlord who is starting to downsize and this home is the next to go. This Home is located at 3311 Delaware St in Rockford. It is on the corner of Delaware and Pierpont Ave This home has 3 Bedrooms, 1.5 Bathrooms, Newer Kitchen and Baths, 2+car detached garage, Fenced yard, basement with washer and dryer hookups This home was last rented for $625 with tenants paying all the utilities. Property taxes are only $442 per year so this home is a true money maker. Here is the math, Income of . $625 x 12 = $7,500/yr Property taxes annually $442 Insurance annually of . $400 Repairs 10% $750 Vacancy 10% $750 Total net income of . $5,158 annually All this for only $19,900 (possible owner finance for live in buyer) Pictures were taken before last tenant moved in. Home looks close to the same and basically needs a good cleaning. Call to discuss or schedule a showing 815-988-4004
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