106 W Illinois 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
Investment property for sale in Spring Bay at 106 W Illinois St, Spring Bay, IL, 61611 earns $136/mo cash flow from $1,037/mo rent with a $636/mo payment. Total monthly income totals $1,037/mo, and annual cash flow totals $1,627/yr on $43,095 capital. ROI tracks 23.68% on current figures, and rental yield reads 9.57% at a $130,000 purchase. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 over five years. Five-year ROI reaches 124.11% and total cumulative return in cash sums $53,487. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,037/mo property income instead of your personal income.
Single Family
Built in 1920
10,000 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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Nearby investment properties with comparable prices
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