1411-1413 E Tripp Ave #2PeoriaIL61603
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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 Peoria at 1411-1413 E Tripp Ave #2, Peoria, IL, 61603 earns $189/mo cash flow from $1,292/mo rent with a $778/mo payment. Total monthly income totals $1,292/mo, and annual cash flow totals $2,272/yr on $52,709 capital. ROI tracks 24.22% on current figures, and rental yield reads 9.75% at a $159,000 purchase. Equity gained on principal adds $1,026/yr, and 5% annual appreciation supports $43,929 over five years. Five-year ROI reaches 126.99% and total cumulative return in cash sums $66,936. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,292/mo property income instead of your personal income.
Multi Family
Built in 1976
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61603, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,673 (100%) |
| Owner Occupied HU | 3,136 (40.9%) |
| Renter Occupied HU | 3,124 (40.7%) |
| Vacant Housing Units | 1,413 (18.4%) |
| Median Home Value | $79,801 |
| Average Home Value | $126,921 |
Housing Distribution
Address Breakdown
Residential
6,181
Single Family
5,686
Multi-Family
495
Businesses
419
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