2016 N Atlantic AvePeoriaIL61603
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 2016 N Atlantic Ave, Peoria, IL, 61603 priced at $170,000 converts $1,540/mo rent into $361/mo cash flow after a $832/mo obligation. Total monthly income equals $1,540/mo, and annual cash flow totals $4,331/yr on $56,355 invested. Return on cash invested prints 27.59% in year one, and rental yield reads 10.87% against a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 145.03% and total cumulative return in cash sums $81,729. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,540/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1916
3,900 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rocio Matthews • Coldwell Banker Real Estate Group
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1253881
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.