1004 Springfield RdEast PeoriaIL61611
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in East Peoria at 1004 Springfield Rd, East Peoria, IL, 61611 offers a 14.78% rental yield on a $137,900 purchase with $1,698/mo rent. Total monthly income registers $1,698/mo, and a $675/mo payment leaves $741/mo available for distribution. Annual cash flow reaches $8,897/yr on $45,714 to close, and return on cash invested stands at 39.37% in year one. Equity gained on principal adds $890/yr while 5% annual appreciation supports $38,099 over five years. Portfolio math shows five-year ROI at 208.24% and total cumulative return in cash at $95,195. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,698/mo property income against a $675/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
6,708 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61611, East Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,504 (100%) |
| Owner Occupied HU | 8,235 (71.6%) |
| Renter Occupied HU | 2,082 (18.1%) |
| Vacant Housing Units | 1,187 (10.3%) |
| Median Home Value | $172,922 |
| Average Home Value | $212,663 |
Housing Distribution
Address Breakdown
Residential
10,529
Single Family
10,149
Multi-Family
380
Businesses
861
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Listed by: Alexander Gray • eXp Realty
Mls Name: RMLS Alliance
Mls ID: #PA1262697