LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,174
Monthly Cash Flow
-$214
Principal + Equity
$1,509
Annual Total Gain
$15,546
Cash on Cash
-5.93%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Cities in America
#54out of 229 markets
Best Cities for Outdoor Activities in America
#112out of 229 markets
Cities with the Lowest Cost of Living in America
#17out of 229 markets
C
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Rockford, IL.
As of September 2021, Rockford, IL does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations and to stay informed on any updates from the city government.
Investors should also consider the potential impact of STRs on the local community, including concerns about noise, parking, and property maintenance. It is important to be a responsible host and to communicate with neighbors to address any issues that may arise.
Additionally, investors should be aware of any potential taxes or fees associated with operating an STR in Rockford. It is recommended to consult with a local real estate attorney or property management company to ensure compliance with any applicable laws and regulations.
Overall, while Rockford may not currently have strict regulations in place for STRs, it is important for investors to stay informed and to be proactive in addressing any potential concerns from the community.
Market Trends Over Time
Explore 25 years of market data for Rockford, IL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Rockford, IL.
The LTR Genie Score of Rockford, IL is 68 and STR Genie Score is 72, indicating a moderate to high level of attractiveness for both long-term and short-term rental investments. The LTR Rentability being low may be due to factors such as high vacancy rates or low demand for long-term rentals in the area. However, the LTR Net ROI of 35.98% suggests that despite lower rentability, long-term rental investments in Rockford can still yield a high return. On the other hand, the high STR Genie Score of 72 and STR Net ROI of 36.41% indicate that short-term rental investments may be more lucrative in this market. The 1-Year Price Appreciation Forecast of 5.01% also suggests potential for property value growth in Rockford.
Rockford, IL is a city located in northern Illinois known for its manufacturing industry and diverse economy. With a population of over 150,000 residents, the city offers a mix of urban amenities and suburban charm, making it an attractive location for real estate investors looking to capitalize on rental properties.
In conclusion, Rockford, IL presents opportunities for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by investing in both rental strategies to maximize returns in this market. Conducting thorough market research and due diligence will be key to success in navigating the nuances of the Rockford real estate market.
LTR Genie Score 93
$108,900
🛏 3 Beds🛁 1.0000 Baths🏙 1,211 sqft.🏠 SINGLE FAMILY
