1738 Meadow AveEast 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 1738 Meadow Ave, East Peoria, IL, 61611 uses $38,123 cash to close to unlock $10,298/yr annual cash flow and $858/mo monthly cash flow. Total monthly income runs $1,656/mo, and a $563/mo payment keeps the spread at $858/mo. Purchase price stands at $115,000, and rental yield measures 17.28% with $1,656/mo rent. Return on cash invested shows 46.92% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 248.79% and total cumulative return in cash records $94,845. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,656/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1938
7,000 sqft 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: Rickey L Mathis • The Real Estate Group Inc.
Mls Name: RMLS Alliance
Mls ID: #PA1261056