1113 N Summit BlvdPeoriaIL61606
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 1113 N Summit Blvd, Peoria, IL, 61606 in Peoria hard to pass up. The 17.88% gross yield on a $106,500 purchase results in $1,781/mo in rent and $931/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.72). Annual cash flow of $11,175, five-year appreciation of $29,424, and $981/yr in equity build-up combine for a projected total cumulative return of $104,224.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.9% | 6.2% |
| Monthly Cash Flow | $931 | $450 |
City averages based on Peoria market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,781 |
| Total Monthly Debt Service | $756 |
| DSCR Ratio | 2.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1914
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61606, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,094 (100%) |
| Owner Occupied HU | 928 (30.0%) |
| Renter Occupied HU | 1,502 (48.5%) |
| Vacant Housing Units | 664 (21.5%) |
| Median Home Value | $142,609 |
| Average Home Value | $171,385 |
Housing Distribution
Address Breakdown
Residential
2,558
Single Family
1,860
Multi-Family
698
Businesses
158
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1914
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61606, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,094 (100%) |
| Owner Occupied HU | 928 (30.0%) |
| Renter Occupied HU | 1,502 (48.5%) |
| Vacant Housing Units | 664 (21.5%) |
| Median Home Value | $142,609 |
| Average Home Value | $171,385 |
Housing Distribution
Address Breakdown
Residential
2,558
Single Family
1,860
Multi-Family
698
Businesses
158
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marilyn R Kohn • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1259287
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.