1639 N Tremont StSpring BayIL61611
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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 Spring Bay at 1639 N Tremont St, Spring Bay, IL, 61611 priced at $167,500 pairs $2,051/mo rent with $889/mo cash flow after a $820/mo payment. Total monthly income equals $2,051/mo, and annual cash flow comes to $10,668/yr on $55,526 invested. Return on cash invested is 39.12% in year one, and rental yield stands at 14.69% on a $167,500 basis. Equity gained on principal adds $1,081/yr, and 5% annual appreciation accumulates to $46,277 by year five. Five-year ROI measures 206.96% and total cumulative return in cash reaches $114,916. For financing, Ziffy Mortgage’s DSCR program evaluates $2,051/mo property income against a $820/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
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: Donna S Jones Craig • BHHS Central Illinois, REALTORS
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1252305
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.