1124 W Virginia AvePeoriaIL61604
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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 1124 W Virginia Ave, Peoria, IL, 61604 with 5% annual appreciation on a $120,000 basis while $944/mo rent supports operations. Total monthly income totals $944/mo and a $587/mo payment preserves $112/mo for cash returns. Annual cash flow comes to $1,344/yr on $39,780 deployed, and return on cash invested reaches 23.29% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,154 alongside rental yield of 9.44%. Five-year ROI measures 121.92% and total cumulative return in cash totals $48,499.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $944/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61604, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,182 (100%) |
| Owner Occupied HU | 7,911 (55.8%) |
| Renter Occupied HU | 4,547 (32.1%) |
| Vacant Housing Units | 1,724 (12.2%) |
| Median Home Value | $105,578 |
| Average Home Value | $135,191 |
Housing Distribution
Address Breakdown
Residential
12,779
Single Family
11,446
Multi-Family
1,333
Businesses
549
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Listed by: Rocio Matthews • Coldwell Banker Real Estate Group
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1255917
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.