128 Heatherview DrEast PeoriaIL61611
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
Investment Highlights
Rental property for sale in East Peoria at 128 Heatherview Dr, East Peoria, IL, 61611 priced at $399,900 converts $3,227/mo rent into $454/mo cash flow after a $1,957/mo obligation. Total monthly income equals $3,227/mo, and annual cash flow totals $5,442/yr on $132,567 invested. Return on cash invested prints 24.01% in year one, and rental yield reads 9.68% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 125.85% and total cumulative return in cash sums $166,832. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,227/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Single Family
Built in 2002
9,900 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: Sue R Neihouser • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls ID: #PA1261128