1406 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 1406 Springfield Rd, East Peoria, IL, 61611 listed at $249,900 pairs $1,831/mo rent with a $1,223/mo payment to leave $98/mo cash flow. Total monthly income runs $1,831/mo, and annual cash flow reaches $1,173/yr on $82,842 cash to close. Return on cash invested measures 21.33% in year one, and rental yield registers 8.79% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 111.41% and total cumulative return in cash totals $92,294. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,831/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
N/A 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: Lisa Inman • Move Smart Realty
Mls Name: RMLS Alliance
Mls ID: #PA1261284