1624 W Barker AvePeoriaIL61606
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1624 W Barker Ave, Peoria, IL, 61606 offers $1,296/mo rent that, after a $540/mo payment, leaves $433/mo cash flow. Total monthly income is $1,296/mo, and annual cash flow is $5,193/yr on $36,588 cash. Return on cash invested measures 34.1% in year one, and rental yield stands at 14.09% at a $110,370 entry. Equity gained on principal adds $712/yr while 5% annual appreciation compounds into $30,493 by year five. Five-year ROI records 181.1% and total cumulative return in cash reaches $66,260. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,296/mo property income versus a $540/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
N/A 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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