104 Della StSpring BayIL61611
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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 Spring Bay at 104 Della St, Spring Bay, IL, 61611 generates $1,324/mo in rent and, after a $832/mo payment, leaves $145/mo in cash flow. Total monthly income is $1,324/mo, and annual cash flow is $1,741/yr on $56,322 invested. Return on cash invested sits at 23% in year one, and rental yield is 9.35% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 120.47% and total cumulative return in cash sums $67,850. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,324/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.34 Acres 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: Dawn A Purple • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls ID: #PA1261068