1025 E Corrington AvePeoriaIL61603
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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
Rental property for sale in Peoria at 1025 E Corrington Ave, Peoria, IL, 61603 priced at $114,000 converts $902/mo rent into $111/mo cash flow after a $558/mo obligation. Total monthly income equals $902/mo, and annual cash flow totals $1,335/yr on $37,791 invested. Return on cash invested prints 23.44% in year one, and rental yield reads 9.49% against a $114,000 entry. Equity gained on principal adds $736/yr, while 5% annual appreciation compiles into $31,496 by year five. Five-year ROI reaches 122.87% and total cumulative return in cash sums $46,435. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $902/mo property income covering a $558/mo payment, not borrower’s personal income.
Single Family
Built in 1945
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61603, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,673 (100%) |
| Owner Occupied HU | 3,136 (40.9%) |
| Renter Occupied HU | 3,124 (40.7%) |
| Vacant Housing Units | 1,413 (18.4%) |
| Median Home Value | $79,801 |
| Average Home Value | $126,921 |
Housing Distribution
Address Breakdown
Residential
6,181
Single Family
5,686
Multi-Family
495
Businesses
419
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Listed by: Adam J Merrick • Adam Merrick Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1258370
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