1603 Lamar DrPekinIL61554
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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 Pekin at 1603 Lamar Dr, Pekin, IL, 61554 offers $1,480/mo rent that, after a $612/mo payment, leaves $613/mo cash flow. Total monthly income is $1,480/mo, and annual cash flow is $7,353/yr on $41,438 cash. Return on cash invested measures 37.65% in year one, and rental yield stands at 14.21% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Five-year ROI records 198.99% and total cumulative return in cash reaches $82,457. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,480/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
6,576 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61554, Pekin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,914 (100%) |
| Owner Occupied HU | 12,286 (65.0%) |
| Renter Occupied HU | 4,861 (25.7%) |
| Vacant Housing Units | 1,767 ( 9.3%) |
| Median Home Value | $140,753 |
| Average Home Value | $179,959 |
Housing Distribution
Address Breakdown
Residential
18,167
Single Family
17,205
Multi-Family
962
Businesses
1,000
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Listed by: Drake Scott • Keller Williams Premier Realty
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1255127
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.