1203 Springfield RdEast PeoriaIL61611
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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 East Peoria at 1203 Springfield Rd, East Peoria, IL, 61611 uses $62,952 cash to close to unlock $8,943/yr annual cash flow and $745/mo monthly cash flow. Total monthly income runs $2,062/mo, and a $929/mo payment keeps the spread at $745/mo. Purchase price stands at $189,900, and rental yield measures 13.03% with $2,062/mo rent. Return on cash invested shows 34.12% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 180.05% and total cumulative return in cash records $113,345. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,062/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1965
9,375 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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Listed by: Mary Ann Ladendorf • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls ID: #PA1260985