1403 W Main StPeoriaIL61606
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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 Peoria at 1403 W Main St, Peoria, IL, 61606 generates $1,577/mo in rent and, after a $978/mo payment, leaves $191/mo in cash flow. Total monthly income is $1,577/mo, and annual cash flow is $2,290/yr on $66,267 invested. Return on cash invested sits at 23.37% in year one, and rental yield is 9.47% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 122.34% and total cumulative return in cash sums $81,073. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,577/mo property income rather than buyer’s personal income.
Multi Family
Built in 1904
5,016 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
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