Last updated on June 21st, 2023
Rockford airbnb property investment
Situated within the heart of Winnebago County, Rockford is one of the most populous cities in America and is known as the City of Gardens. This city is also popular mostly for travelers with kids because of its exciting tourist attractions such as the Riverfront Museum Park and Anderson Japanese Gardens, to name a few.
Aside from Rockford’s incredible museums, state parks, and conservatory, did you know that Rockford is also a great place to live, work, and play? Since this city has plenty of diverse range of businesses, it also balances the fun as it offers fun recreational activities and adventures!
In this article, we’ll feature some of the properties for sale in Rockford and identify whether a property investment for Airbnb is worth the penny, effort, and precious time. Continue reading to learn more.
Facts about Rockford, Illinois
It’s a given fact that Rockford is a haven for tourists, but there’s more to learn as to why we recommend purchasing a property in this city. Here are some of the facts about Rockford that can help you figure out if it’s a good place to invest in an Airbnb property:
1. Amateur Sports Tourism Destination
Rockford is an industrial factory with sports facilities – which means that it welcomes several tourists and sports enthusiasts to UW Health Sports Factory from all over the world. While its indoor sports facility is built for enthusiasts who are into basketball, volleyball, and wrestling, there’s a consistent development to make it more competitive. They recently upgraded and improved their facilities by adding turf fields and other improvements, according to Rockford Sports.
2. Close to Nature: Forest Preserves
If you’re looking to invest in a property with ultimately breathtaking scenery, Rockford has it! Home to the forest preserves of Winnebago County, this city takes pride in its streams, cliffs, and peaceful parks which are all suitable for staycations. Not to mention that they have an emerging foodie scene downtown – what more can one ask for?
3. Theater and Arts Scene
When we say Rockford offers entertainment, we mean world-class kind of entertainment! Its legendary Coronado Performing Arts Center is not a typical theater featuring regular movies, but it also hosts state-of-the-art performances from several legends such as Louis Armstrong and Frank Sinatra.
Fun fact: It was formally opened in 1927 with both Spanish & Italian architecture – so expect the vintage vibe as if you traveled back in time!
Profitable Neighborhoods for Airbnb in Rockford
While Rockford is undoubtedly one of the best property investment cities in the USA, let’s take a closer look at the important Airbnb key metrics. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods in Rockford:
1. Edgewater
- Annual revenue: $22,839
- Average daily rate: $84
- Occupancy rate: 75%
2. Belle Meade
- Annual revenue: $24,283
- Average daily rate: $111
- Occupancy rate: 60%
Is Rockford, Illinois profitable for investment?
Using an Airbnb calculator, it was discovered that a 2-bedroom apartment in Rockford can generate an annual revenue of $$25,347 with a steady occupancy rate of 71% and a nightly rate of $86.
Rockford airbnb property investment
Houses for Sale 61107: Rockford, Illinois
Purchasing a property in Rockford will not only let you have access to a delightful vacation spot, but it can also bring an excellent return on investment as long as you target the right neighborhood. It may be difficult to find the best properties that have the potential to produce high yields and capital growth, but this article will certainly help you through!
Check out the houses for sale in Rockford, along with the calculated gross rental yield, cash-on-cash return, and annual revenue.
130 Summit St Apt 10, Rockford, IL 61107
1. Studio-type Property for Sale Rockford
- 1.4 miles to Rockford East High School
- Asking Price: $38,900
| GROSS RENTAL YIELD | 18.36% |
| ANNUAL REVENUE | $7,141 |
| CASH ON CASH RETURN | 29.30% |
1917 Blaisdell St, Rockford, IL 61101
2. 1-Bedroom Type Property for Sale Rockford
- 0.8 miles McIntosh Elementary
- Asking Price: $49,000
| GROSS RENTAL YIELD | 21.03% |
| ANNUAL REVENUE | $10,307 |
| CASH ON CASH RETURN | 37.34% |
3127 15th St, Rockford, IL 61109
3. 2-Bedroom Type Property for Sale Rockford
- 1.1 miles to Bernard W Flinn Middle School
- Asking Price: $74,900
| GROSS RENTAL YIELD | 23.94% |
| ANNUAL REVENUE | $17,933 |
| CASH ON CASH RETURN | 46.06% |
315 Dawn Ave, Rockford, IL 61107
4. 3-Bedroom Type Property for Sale Rockford
- 0.8 miles Gregory Elementary School
- Asking Price: $139,900
| GROSS RENTAL YIELD | 24.13% |
| ANNUAL REVENUE | $33,762 |
| CASH ON CASH RETURN | 46.63% |
1328 Greenwood Ave, Rockford, IL 61107
5. 4-Bedroom Type Property for Sale Rockford
- 2.1 miles to Eisenhower Middle School
- Asking Price: $118,500
| GROSS RENTAL YIELD | 24.68% |
| ANNUAL REVENUE | $29,248 |
| CASH ON CASH RETURN | 48.28% |
Conclusion
Investing in a property is certainly a huge step that one needs to not only think about – but also conduct market research for accuracy. With the various industries & recreational activities to do in Rockford, it can generate a nice cash flow for property investors as long as the right neighborhood is targeted and potential revenue is calculated using an Airbnb rental arbitrage calculator. While there are many other cities to invest in Illinois aside from Rockford, it’s definitely worth the time & effort to speak with a short-term rental expert to make the wisest decision for property investment.
