211 E Lake AvePeoriaIL61614
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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 Peoria at 211 E Lake Ave, Peoria, IL, 61614 generates $1,176/mo in rent and, after a $580/mo payment, leaves $343/mo in cash flow. Total monthly income is $1,176/mo, and annual cash flow is $4,119/yr on $39,283 invested. Return on cash invested sits at 30.4% in year one, and rental yield is 11.91% on a $118,500 entry. Equity gained on principal adds $765/yr, while 5% annual appreciation builds toward $32,739 over five years. Five-year ROI reaches 160.26% and total cumulative return in cash sums $62,956. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,176/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61614, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,066 (100%) |
| Owner Occupied HU | 8,303 (59.0%) |
| Renter Occupied HU | 4,339 (30.8%) |
| Vacant Housing Units | 1,424 (10.1%) |
| Median Home Value | $184,935 |
| Average Home Value | $222,170 |
Housing Distribution
Address Breakdown
Residential
13,590
Single Family
9,645
Multi-Family
3,945
Businesses
1,019
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Listed by: Ryan Blackorby • Jim Maloof Realty, Inc.
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1257571
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.