130 Zimmerman RdSpring BayIL61611
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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
Rental property for sale in Spring Bay at 130 Zimmerman Rd, Spring Bay, IL, 61611 priced at $250,900 pairs $1,872/mo rent with $132/mo cash flow after a $1,228/mo payment. Total monthly income equals $1,872/mo, and annual cash flow comes to $1,581/yr on $83,173 invested. Return on cash invested is 21.81% in year one, and rental yield stands at 8.95% on a $250,900 basis. Equity gained on principal adds $1,619/yr, and 5% annual appreciation accumulates to $69,319 by year five. Five-year ROI measures 114.03% and total cumulative return in cash reaches $94,840. For financing, Ziffy Mortgage’s DSCR program evaluates $1,872/mo property income against a $1,228/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
2.14 Acres 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: Melissa Fox • Keller Williams Premier Realty
Mls Name: RMLS Alliance
Mls ID: #PA1258773