1103 S Schmidt AvePeoriaIL61605
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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 Peoria at 1103 S Schmidt Ave, Peoria, IL, 61605 uses $54,698 cash to close to unlock $7,603/yr annual cash flow and $634/mo monthly cash flow. Total monthly income runs $1,827/mo, and a $808/mo payment keeps the spread at $634/mo. Purchase price stands at $165,000, and rental yield measures 13.29% with $1,827/mo rent. Return on cash invested shows 33.81% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 178.8% and total cumulative return in cash records $97,799. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,827/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in N/A
9,409 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61605, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,949 (100%) |
| Owner Occupied HU | 2,320 (33.4%) |
| Renter Occupied HU | 3,360 (48.4%) |
| Vacant Housing Units | 1,269 (18.3%) |
| Median Home Value | $50,913 |
| Average Home Value | $137,629 |
Housing Distribution
Address Breakdown
Residential
5,789
Single Family
4,899
Multi-Family
890
Businesses
258
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Listed by: Lisa Inman • Move Smart Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1257435
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.