2116 E Riverview CtPeoria HeightsIL61616
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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 Heights at 2116 E Riverview Ct, Peoria Heights, IL, 61616 priced at $117,000 converts $2,206/mo rent into $1,394/mo cash flow after a $573/mo obligation. Total monthly income equals $2,206/mo, and annual cash flow totals $16,729/yr on $38,786 invested. Return on cash invested prints 63.04% in year one, and rental yield reads 22.63% against a $117,000 entry. Equity gained on principal adds $755/yr, while 5% annual appreciation compiles into $32,325 by year five. Five-year ROI reaches 335.23% and total cumulative return in cash sums $130,021. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,206/mo property income covering a $573/mo payment, not borrower’s personal income.
Single Family
Built in 1940
7,350 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61616, Peoria, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,760 (100%) |
| Owner Occupied HU | 1,484 (53.8%) |
| Renter Occupied HU | 976 (35.4%) |
| Vacant Housing Units | 300 (10.9%) |
| Median Home Value | $108,245 |
| Average Home Value | $174,208 |
Housing Distribution
Address Breakdown
Residential
3,047
Single Family
2,417
Multi-Family
630
Businesses
274
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Listed by: Roger Roemer • Gallery Homes Real Estate
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1251865
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.